Common use of Litigation; Compliance with Laws; etc Clause in Contracts

Litigation; Compliance with Laws; etc. (a) Except as ------------------------------------- set forth in Schedule 4.06(a) annexed hereto, there are not any actions, suits ---------------- or proceedings at law or in equity or by or before any governmental instrumentality or other agency or regulatory authority now pending or, to the knowledge of any Responsible Officer of the Parent or any of its subsidiaries, threatened against or affecting the Parent or any of its subsidiaries or the businesses, assets or rights of any Borrower or any of its subsidiaries (i) which involve any of the Transactions or (ii) as to which it is probable (within the meaning of Statement of Financial Accounting Standards No. 5) that there will be an adverse determination and which, if adversely determined, would, individually or in the aggregate, materially impair the ability of the Parent or any of its subsidiaries to conduct business substantially as now conducted, or have a Material Adverse Effect.

Litigation; Compliance with Laws; etc. (a) ------------------------------------- Except as ------------------------------------- set forth in Schedule 4.06(a) annexed hereto, there are not any actions, ---------------- suits ---------------- or proceedings at law or in equity or by or before any governmental instrumentality or other agency or regulatory authority now pending or, to the knowledge of any Responsible Officer of the Parent or any of its subsidiariesCredit Party, threatened against or affecting the Parent Credit Parties or any of its their subsidiaries or the businesses, assets or rights of any Borrower the Credit Parties or any of its their subsidiaries (i) which involve any of the Transactions or (ii) as to which it is probable (within the meaning of Statement of Financial Accounting Standards No. 5) that there will be an adverse determination and which, if adversely determined, wouldcould reasonably be expected, individually or in the aggregate, materially impair the ability of the Parent or any of its subsidiaries to conduct business substantially as now conducted, or have a Material Adverse Effect.

Litigation; Compliance with Laws; etc. (a) Except as ------------------------------------- set forth in Schedule 4.06(a) annexed hereto, there are not any actions, suits ---------------- or proceedings at law or in equity or by or before any governmental instrumentality or other agency or regulatory authority Governmental Authority now pending or, to the knowledge of any Responsible Officer of any Borrower overtly threatened by written communication against or affecting any of the Parent Loan Parties or any of its subsidiaries, threatened against or affecting the Parent or any of its their subsidiaries or the businesses, assets or rights of any Borrower of the Loan Parties or any of its their subsidiaries (i) which involve any of the Transactions or (ii) as to which it is probable (within the meaning of Statement of Financial Accounting Standards No. 5) that there will be an adverse determination and which, if adversely determined, would, individually or in the aggregate, materially impair the ability of any of the Parent Loan Parties or any of its their subsidiaries to conduct business substantially as now conducted, or have a Material Adverse Effect.

Litigation; Compliance with Laws; etc. (a) Except as ------------------------------------- set forth in ------------------------------------- Schedule 4.06(a4.1(e) annexed hereto, there are not any no actions, suits ---------------- or proceedings at --------------- law or in equity or by or before any governmental instrumentality or other agency or regulatory authority now pending or, to the knowledge of any Responsible Officer of the Parent or any of its subsidiaries, senior officer threatened against or affecting the Parent or any of its subsidiaries Borrower or the businesses, assets or rights of any Borrower or any of its subsidiaries (iA) which involve any of the Transactions Transactions, (B) which relate, directly or indirectly, to any Collateral Loan or other Collateral or (iiC) as to which it is probable (within the meaning of Statement of Financial Accounting Standards No. 5) that there will be an adverse determination and which, if adversely determined, would, individually or in the aggregate, materially impair the ability of the Parent or any of its subsidiaries Borrower to conduct business substantially as now conducted, or have a Material Adverse Effect.

Litigation; Compliance with Laws; etc. (a) Except as ------------------------------------- set forth in Schedule 4.06(a) annexed hereto, there are not any actions, suits ---------------- or proceedings at law or in equity or by or before any governmental instrumentality or other agency or regulatory authority now pending or, to the knowledge of any Responsible Officer of the Parent or any of its subsidiariesBorrower, threatened against or affecting the Parent Borrower or any of its subsidiaries or the businesses, assets or rights of any the Borrower or any of its subsidiaries (i) which involve any of the Transactions or (ii) as to which it is probable (within the meaning of Statement of Financial Accounting Standards No. 5) that there will be an adverse determination and which, if adversely determined, would, individually or in the aggregate, materially impair the ability of the Parent or any of its subsidiaries Borrower to conduct business substantially as now conducted, or have a Material Adverse Effect.

Litigation; Compliance with Laws; etc. (a) Except as ------------------------------------- set forth in Schedule 4.06(a) annexed hereto, there are not any actions, suits ---------------- or proceedings at law or in equity or by or before any governmental instrumentality or other agency or regulatory authority now pending or, to the knowledge of any Responsible Officer of the Parent or any of its subsidiaries, Borrower threatened against or affecting the Parent any Borrower or any of its subsidiaries or the businesses, assets or rights of any Borrower or any of its subsidiaries (i) which involve any of the Transactions or (ii) as to which it is probable (within the meaning of Statement of Financial Accounting Standards No. 5) that there will be an adverse determination and which, if adversely determined, would, individually or in the aggregate, materially impair the ability of the Parent or any of its subsidiaries Borrower to conduct business substantially as now conducted, or have a Material Adverse Effect.