Litigation, Proceedings, Etc. Except for those matters identified in Schedule 6.7 hereto, there are no actions, suits, proceedings, orders or injunctions pending or threatened against or affecting Borrower, the Resorts or the Timeshare Owners’ Association at law or in equity, or before or by any governmental authority or other tribunal, which (a) could have a material adverse effect on Borrower or (b) relate to the Loan or which could have a material effect on the Collateral or the Resorts. Borrower has received no notice from any court, governmental authority or other tribunal alleging that Borrower or the Resorts have violated the Timeshare Act, any of the rules or regulations thereunder, the Declaration or any other Applicable Laws, agreements or arrangements that could have any material effect on the Loan, the Collateral or the Resorts.
Litigation, Proceedings, Etc. To the knowledge of Transferor, there is no lawsuit, proceeding, investigation or complaint before any Governmental Authority, mediator or arbitrator (“Action”) pending or, to the knowledge of the Transferor, contemplated or threatened against the Company or its properties or assets. To the knowledge of Transferor, there is no Action pending or contemplated or threatened against or affecting the Transferor, which relates to or challenges the legality, validity or enforceability of this Agreement or the Project Documents or which (individually or in the aggregate) reasonably could be expected to impair the ability or obligation of the Transferor to perform fully on a timely basis any obligation which it has or will have under this Agreement.
Litigation, Proceedings, Etc. There is no Action pending or, to the knowledge of the Transferee, contemplated or threatened against or affecting the Transferee or its properties or assets, which relates to or challenges the legality, validity or enforceability of this Agreement or which (individually or in the aggregate) reasonably could be expected to impair the ability or obligation of the Transferee to perform fully on a timely basis any obligation which it has or will have under this Agreement.
Litigation, Proceedings, Etc. Except for those matters identified in Schedule 6.7 hereto, there are no actions, suits, proceedings, orders or injunctions pending or threatened against or affecting Borrower, the Collateral, the Resorts or the Timeshare Owners' Associations at law or in equity, or before or by any governmental authority or other tribunal, which (a) could have a material adverse effect on Borrower or (b) relate to the Loan or which could have a material effect on the Collateral or the Resorts. Borrower has received no notice from any court, Governmental Authority or other tribunal alleging that Borrower or the Resorts have violated any Timeshare Act, any of the rules or regulations thereunder, the Declaration or any other Applicable Laws, agreements or arrangements that could have any material effect on the Loan, the Collateral or the Resorts.
Litigation, Proceedings, Etc. There are no actions, suits, proceedings, orders or injunctions pending or threatened against or affecting Borrower, the Resort or the Timeshare Owners' Association at law or in equity, or before or by any governmental authority or other tribunal, which (a) could have a material adverse effect on Borrower or (b) relate to the Loan or which could have a material effect on the Collateral or the Resort. Borrower has received no notice from any court, governmental authority or other tribunal alleging that Borrower or the Resort have violated the Timeshare Act, any of the rules or regulations thereunder, the Declaration or any other applicable laws, agreements or arrangements that could have any material effect on the Loan, the Collateral or the Resorts.
Litigation, Proceedings, Etc. Except for matters described in ---------------------------- Section 2.13 of the Disclosure Schedules, (i) there is no pending claim, action, litigation, suit or proceeding against, or investigation of, Seller; (ii) Seller has not received any notice of any claim, action, litigation, suit or proceeding against it or investigation of it, and no such claim, action, suit, proceeding or investigation is pending or, to Seller's and Stockholder's knowledge, threatened against Seller, and, to Seller's knowledge, there are no facts existing which would be a proper basis for any such claim; and (iii) there are no outstanding court, arbitration or agency orders, decrees or stipulations to which Seller is a party or which are directed to Seller.
Litigation, Proceedings, Etc. (a) From the date of this Agreement through the Closing Date or termination of this Agreement, Xxxxxx shall notify Avalon promptly of any material actions, proceedings, or investigations that from the date of this Agreement are commenced against Xxxxxx or the Fund.
Litigation, Proceedings, Etc. There is no action, suit, notice of violation, proceeding or investigation pending or, to the best knowledge of Unocal, threatened against or affecting Unocal or any of its subsidiaries or any of their respective properties before or by any court, governmental or administrative agency or regulatory authority (Federal, state, county or local) that relates to or challenges the legality, validity or enforceability of the Transaction Documents or that (A) would (individually or in the aggregate) have a material adverse effect on the financial condition, properties, assets, business, prospects or results of operations of the SENM Properties, or (B) would (individually or in the aggregate) impair the ability of Unocal to perform fully on a timely basis any obligations that it has under the Transaction Documents.
Litigation, Proceedings, Etc. There is no action, suit, notice of violation, proceeding or investigation pending or, to the best knowledge of Matador, threatened against or affecting Matador or any of its subsidiaries or any of their respective properties before or by any court, governmental or administrative agency or regulatory authority (Federal, state, county or local) that relates to or challenges the legality, validity or enforceability of the Transaction Documents or that (i) would (individually or in the aggregate) have a material adverse effect on the financial condition, properties, assets, business, prospects or results of operations of Matador and its subsidiaries (taken as a whole), or (ii) would (individually or in the aggregate) impair the ability of Matador to perform fully on a timely basis any obligations that it has under the Transaction Documents.
Litigation, Proceedings, Etc. Except as disclosed to SPV, TFC and the Administrative Agent in writing prior to the Closing Date, there are no actions, suits, proceedings, orders or injunctions pending or, to the best of the Company's knowledge, threatened against or affecting the Company, any Affiliate of the Company, any Resort or any Applicable Timeshare Owners' Association, at law or in equity, or before or by any governmental authority or other tribunal, which (a) could have a material adverse effect on the Company, any Affiliate of the Company or any Resort; (b) asserts the invalidity of the Loan Documents, (c) seeks to prevent the transfer, sale, contribution, or pledge of any Receivable or Conveyed Asset or the consummation of any of the transactions contemplated hereby or thereby, or (d) seeks a determination or ruling that might materially and adversely effect (1) the performance by the Company or SPV of its obligations under the Loan Documents, (2) the validity or enforceability of the Loan Documents, or (3) the Conveyed Assets, or the interests of SPV therein, (4) or any Resort. Exhibit H to the SPV Loan Agreement describes all currently pending litigation against the Company, SPV and each Subject Person. Except as disclosed in Exhibit H to the SPV Loan Agreement, the Company has not received any notice from any court, governmental authority or other tribunal alleging that any such Person or any Resort has violated the Timeshare Act, any other applicable statute, ordinance, rule or regulation governing the marketing and sale of Timeshares, any Applicable Underlying Declaration or any other applicable laws, agreements or arrangements that could have any material effect on the transactions contemplated hereby and by the Loan Documents, the Conveyed Assets or any Resort. The Company shall provide to SPV prompt written notice of any action commenced against any of the foregoing Persons.
