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, $250,000. None of such actions, suits, litigations or proceedings, individually or collectively, could reasonably be expected to have a Material Adverse Effect.

Appears in 3 contracts

Samples: Loan and Security Agreement (Pulmonx Corp), Loan and Security Agreement (Pulmonx Corp), Loan and Security Agreement (Pulmonx Corp)

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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, $250,000. None of such actions, suits, litigations 250,000 or proceedings, individually in which any adverse decision has had or collectively, could would reasonably be expected to have a any Material Adverse Effect.

Appears in 3 contracts

Samples: Loan and Security Agreement (Metacrine, Inc.), Loan and Security Agreement (Metacrine, Inc.), Conformed Loan and Security Agreement (Metacrine, 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, $250,000. None of such actions, suits, litigations 500,000 or proceedings, individually in which any adverse decision has had or collectively, could reasonably be expected to have a any Material Adverse Effect.

Appears in 2 contracts

Samples: Loan and Security Agreement (Molecular Templates, Inc.), Loan and Security Agreement (TScan Therapeutics, 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 in which any adverse decision (i) could reasonably expected to result in damages or any officers costs in excess of Four Million Dollars ($4,000,000) or directors of the foregoing involving more than, individually (ii) has had or in the aggregate for all related proceedings, $250,000. None of such actions, suits, litigations or proceedings, individually or collectively, could reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (FiscalNote Holdings, Inc.), Credit and Guaranty Agreement (FiscalNote Holdings, 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 thanwhich, individually or in the aggregate for all related proceedings, $250,000. None of such actions, suits, litigations or proceedings, individually or collectively, could reasonably be expected to have a any Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Guaranty Agreement (Tonix Pharmaceuticals Holding Corp.)

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, $250,000. None of such actions, suits, litigations 250,000 or proceedings, individually in which any adverse decision has had or collectively, could reasonably be expected to have a any Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (89bio, 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, $250,000. None of such actions, suits, litigations 500,000 or proceedings, individually in which any adverse decision has had or collectively, could would reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Corbus Pharmaceuticals Holdings, 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 a Loan Party, 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 proceedingsaggregate, One Hundred Thousand Dollars ($250,000. None of such actions, suits, litigations 100,000) or proceedings, individually in which any adverse decision has had or collectively, could would reasonably be expected to have a any Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Aspen Group, 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, any of its Subsidiaries or any officers or directors of the foregoing involving more than, individually or in the aggregate for all related proceedings, $250,000[***]. None of such actions, suits, litigations or proceedings, individually or collectively, could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Pulmonx Corp)

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, $250,000. None of such actions, suits, litigations or proceedings, individually or collectively, could reasonably be expected to have a Material Adverse Effect.. 5.4

Appears in 1 contract

Samples: Loan and Security Agreement (Pulmonx Corp)

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