Common use of Litigation and Proceedings Clause in Contracts

Litigation and Proceedings. Except as set forth in the Perfection Certificate or as disclosed in writing pursuant to Section 6.2, there are no actions, suits, litigations or proceedings, at law or in equity, pending, or, to the knowledge of any Responsible Officer, threatened in writing, by or against any Loan Party, any of its Subsidiaries or any officers or directors of the foregoing involving more than, individually or in the aggregate for all related proceedings, Two Hundred Fifty Thousand Dollars ($250,000) or in which any adverse decision has had or could reasonably be expected to have any Material Adverse Effect.

Appears in 4 contracts

Samples: Loan and Security Agreement (Expensify, Inc.), Loan and Security Agreement (Expensify, Inc.), Loan and Security Agreement (Expensify, Inc.)

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Litigation and Proceedings. Except as set forth in the Perfection Certificate or as disclosed in writing pursuant to Section 6.2, there are no actions, suits, litigations or proceedings, at law or in equity, pending, or, to the knowledge of any Responsible Officer, threatened in writing, by or against any Loan Party, Party or any of its Subsidiaries or any Subsidiaries, officers or directors of the foregoing involving more than, individually or in the aggregate for all related proceedings, Two Hundred Fifty Thousand Dollars ($250,000) or in which any adverse decision has had or could reasonably be expected to have any Material Adverse Effect.

Appears in 3 contracts

Samples: Loan and Security Agreement (Colonnade Acquisition Corp.), Loan and Security Agreement (Surface Oncology, Inc.), Loan and Security Agreement (Surface Oncology, Inc.)

Litigation and Proceedings. Except as set forth in the Perfection Certificate or as disclosed in writing pursuant to Section 6.2, there are no actions, suits, litigations or proceedings, at law or in equity, pending, or, to the knowledge of any Responsible Officer, threatened in writing, by or against any Loan Party, Party or any of its Subsidiaries or any Subsidiaries, officers or directors of the foregoing involving more than, individually or in the aggregate for all related proceedings, Two Five Hundred Fifty Thousand Dollars ($250,000500,000.00) or in which any adverse decision has had or could reasonably be expected to have any Material Adverse Effect.

Appears in 2 contracts

Samples: Loan and Security Agreement (Aptinyx Inc.), Guaranty, and Security Agreement (ASLAN Pharmaceuticals LTD)

Litigation and Proceedings. Except as set forth in the Perfection Certificate or as disclosed in writing pursuant to Section 6.2, there are no actions, suits, litigations or proceedings, at law or in equity, pending, or, to the knowledge of any Responsible Officer, threatened in writing, by or against any Loan Party, Party or any of its Subsidiaries or any Subsidiaries, officers or directors of the foregoing involving more than, individually or in the aggregate for all related proceedings, Two Hundred Fifty Thousand Dollars ($250,000250,000.00) or in which any adverse decision has had or could reasonably be expected to have any Material Adverse Effect.

Appears in 2 contracts

Samples: Loan and Security Agreement (Mind Medicine (MindMed) Inc.), Loan and Security Agreement (Oncorus, Inc.)

Litigation and Proceedings. Except as set forth in the Perfection Certificate or as disclosed in writing pursuant to Section 6.2, there are no actions, suits, litigations or proceedings, at law or in equity, pending, or, to the knowledge of any Responsible Officer, threatened in writing, by or against any Loan Party, Party or any of its Subsidiaries or any Subsidiaries, officers or directors directors, (a) as of the foregoing Closing Date, involving more than, individually or in the aggregate for all related proceedings, Two One Hundred Fifty Thousand Dollars ($250,000100,000), or (b) or in which any adverse decision has had or could would reasonably be expected to have any Material Adverse Effect.

Appears in 2 contracts

Samples: Loan and Security Agreement (Evelo Biosciences, Inc.), Loan and Security Agreement (Evelo Biosciences, Inc.)

Litigation and Proceedings. Except as set forth in the Perfection Certificate or as disclosed in writing pursuant to Section 6.2, there are no actions, suits, litigations or proceedings, at law or in equity, pending, or, to the knowledge of any Responsible Officer, threatened in writing, by or against any Loan Party, Party or any of its Subsidiaries or any Subsidiaries, officers or directors of the foregoing involving more than(in their capacities as such) that could reasonably be expected to result in costs or damages, individually or in the aggregate for all related proceedingsaggregate, in excess of Two Hundred Fifty Thousand Dollars ($250,000250,000.00) or in which any adverse decision has had or could reasonably be expected to have any Material Adverse Effect.

Appears in 2 contracts

Samples: Loan and Security Agreement (Alto Neuroscience, Inc.), Loan and Security Agreement (Alto Neuroscience, Inc.)

Litigation and Proceedings. Except as set forth in the Perfection Certificate or as disclosed in writing pursuant to Section 6.2, there are no actions, suits, litigations or proceedings, at law or in equity, pending, or, to the knowledge of any Responsible Officer, threatened in writing, by or against any Loan Party, Party or any of its Subsidiaries or any officers Subsidiaries, officers, managers or directors of the foregoing involving more than, individually or in the aggregate for all related proceedings, Two Five Hundred Fifty Thousand Dollars ($250,000500,000) or in which any adverse decision has had or could reasonably be expected to have any a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Brilliant Earth Group, Inc.)

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Litigation and Proceedings. Except as set forth in the Perfection Certificate or as disclosed in writing pursuant to Section 6.2, there are no actions, suits, litigations or proceedings, at law or in equity, pending, or, to the knowledge of any Responsible Officer, threatened in writing, by or against any Loan Party, Party or any of its Subsidiaries or any Subsidiaries, officers or directors of the foregoing involving more than, individually or in the aggregate for all related proceedings, Two Hundred and Fifty Thousand Dollars ($250,000) or in which any adverse decision has had or could reasonably be expected to have any Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Guaranty Agreement (VBI Vaccines Inc/Bc)

Litigation and Proceedings. Except as set forth in the Perfection Certificate or as disclosed in writing pursuant to Section 6.2, there are no actions, suits, litigations or proceedings, at law or in equity, pending, or, to the knowledge of any Responsible Officer, threatened in writing, by or against any Loan PartyParty or any of its Subsidiaries, officers or directors, in their capacities as such, that could reasonably be expected to result in liabilities to any Loan Party or any of its Subsidiaries or any officers or directors of the foregoing involving more than, individually or in the aggregate for all related proceedings, in excess of Two Hundred Fifty Thousand Dollars ($250,000250,000.00) or in which any adverse decision has had or could reasonably be expected to have any Material Adverse Effect.. 5.5

Appears in 1 contract

Samples: Loan and Security Agreement (Acumen Pharmaceuticals, Inc.)

Litigation and Proceedings. Except as set forth in the Perfection Certificate or as disclosed in writing pursuant to Section 6.2, there are no actions, suits, litigations or proceedings, at law or in equity, pending, or, to the knowledge of any Responsible Officer, threatened in writing, by or against any Loan Party, Party or any of its Subsidiaries or any Subsidiaries, officers or directors of the foregoing involving more than, individually or in the aggregate for all related proceedings, Two Hundred Fifty Thousand Dollars ($250,000250,000.00) or in which any adverse decision has had or could reasonably be expected to have any a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Allurion Technologies Holdings, Inc.)

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