Common use of Litigation, etc Clause in Contracts

Litigation, etc. No litigation, arbitration, administrative or governmental proceedings are pending or threatened against Grantor, which would, if adversely determined, materially and adversely affect the financial condition or continued operations of Grantor, or the liens and security interests of MLBFS hereunder.

Appears in 14 contracts

Sources: Loan and Security Agreement (Derma Sciences Inc), Loan and Security Agreement (Yp Net Inc), Wcma Loan and Security Agreement (Yp Corp)

Litigation, etc. No litigation, arbitration, administrative or governmental proceedings are pending or threatened against Grantor, which would, if adversely determined, materially and adversely affect the financial condition or continued operations of Grantor, or the liens and arid security interests of MLBFS hereunder.

Appears in 1 contract

Sources: Security Agreement (Rent a Wreck of America Inc)

Litigation, etc. No litigation, arbitration, administrative or governmental proceedings are pending or threatened against Grantor, which would, if adversely determined, materially and adversely affect the financial condition or continued operations of Grantor, or the liens and security interests of MLBFS hereunder.,

Appears in 1 contract

Sources: Security Agreement (Rent a Wreck of America Inc)