Common use of Litigation Clause in Contracts

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending by or against Borrower or any Subsidiary before any court or administrative agency in which a likely adverse decision would reasonably be expected to have a Material Adverse Effect.

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending by or against Borrower or any Subsidiary before any court or administrative agency in which a likely an adverse decision would reasonably be expected to could have a Material Adverse Effect, or a material adverse effect on Borrower’s interest or Bank’s security interest in the Collateral.

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending by or against Borrower or any Subsidiary before any court or administrative agency in which a likely an adverse decision would reasonably be expected to could have a Material Adverse EffectEffect or a material adverse effect on Borrower's interest or Bank's security interest in the Collateral. Borrower does not have knowledge of any such pending or threatened actions or proceedings.

Litigation. Except as set forth shown in the Schedule, there are no actions or proceedings pending or, to the knowledge of Borrower's Responsible Officers, threatened by or against Borrower or any Subsidiary before any court or administrative agency in which a likely adverse decision would could reasonably be expected to have cause a Material Adverse EffectChange.

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending pending, or, to Borrower's knowledge, threatened by or against Borrower or any Subsidiary before any court or administrative agency in which a likely an adverse decision would reasonably be expected to could have a Material Adverse EffectEffect or a material adverse effect on Borrower's interest or Bank's security interest in the Collateral.

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending by or against Borrower or any Subsidiary before any court or administrative agency in which a likely adverse decision would could reasonably be expected to have a Material Adverse Effect.

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending by or against Borrower or any Subsidiary before any court or administrative agency in which a likely an adverse decision would reasonably be expected to could have a Material Adverse Effect, or a material adverse effect on Borrower's interest or Bank's security interest in the Collateral.

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending by or against Borrower or any Subsidiary before any court or administrative agency in which a likely an adverse decision would could reasonably be expected to have a Material Adverse EffectEffect or a material adverse effect on Borrower's interest or Bank's security interest in the Collateral. Borrower does not have knowledge of any such pending or threatened actions or proceedings.

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending by or against any Borrower or any Subsidiary before any court or administrative agency in which a likely adverse decision would reasonably be expected to have a Material Adverse Effect.

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending or, to Borrower's knowledge, threatened by or against Borrower or any Subsidiary before any court or administrative agency in which a likely an adverse decision would reasonably be expected to could have a Material Adverse EffectEffect or a material adverse effect on Borrower's interest or Bank's security interest in the Collateral.

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending by or against Borrower or any Subsidiary before any court or administrative agency in which a likely an adverse decision would could reasonably be expected to have a Material Adverse Effect, or a material adverse effect on Borrower’s interest or Bank’s security interest in the Collateral.

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending by or against Borrower or any Subsidiary before any court or administrative agency in which a likely an adverse decision would reasonably be expected to could have a Material Adverse EffectEffect or a material adverse effect on Borrower's interest or Bank's security interest in the Collateral.

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending by or against Borrower or any Subsidiary before any court or administrative agency in which a likely adverse decision would reasonably be expected to have a Material Adverse Effect, or a material adverse effect on Borrower's interest or Bank's security interest in the Collateral.

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending by or against Borrower or any Subsidiary before any court or administrative agency in which a likely an adverse decision would reasonably be expected to could have a Material Adverse Effect.

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending by or against a Borrower or any Subsidiary before any court or administrative agency in which a likely adverse decision would that could reasonably be expected to have a Material Adverse Effect.

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending by or against Borrower or any Subsidiary before any court or administrative agency in which a likely an adverse decision would could reasonably be expected to have a Material Adverse Effect, or a material adverse effect on Borrower's interest or Bank's security interest in the Collateral.

Litigation. Except as set forth in the Schedule, there are no ---------- actions or proceedings pending by or against Borrower or any Subsidiary before any court or administrative agency in which a likely an adverse decision would reasonably be expected to could have a Material Adverse EffectEffect or a material adverse effect on Borrower's interest or Bank's security interest in the Collateral. Borrower does not have knowledge of any such pending or threatened actions or proceedings.

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending by or against Borrower or any Subsidiary before any court or administrative agency in which a likely an adverse decision would is reasonably be expected likely to have a Material Adverse Effect.

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending by or against Borrower or any Subsidiary before any court or administrative agency in which a likely adverse decision would reasonably be expected to have a Material Adverse Effect.

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending pending, or, to Borrower's knowledge, threatened by or against Borrower or any Subsidiary before any court or administrative agency in which a likely an adverse decision would reasonably be expected to have a Material Adverse Effect.

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending pending, or, to Borrower's knowledge, threatened by or against Borrower or any Subsidiary before any court or administrative agency in which a likely an adverse decision would could reasonably be expected to have a Material Adverse Effect.

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending by or against Borrower or any Subsidiary before any court or administrative agency in which a likely an adverse decision would reasonably be expected (that is not covered by independent third-party insurance as to which liability has been denied by such insurance carrier) could have a Material Adverse Effect, or a material adverse effect on Borrower’s interest or Bank’s security interest in the Collateral.

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending by or against Borrower or any Subsidiary before any court or administrative agency in which a likely adverse decision that would reasonably be expected to have a Material Adverse Effect.

Litigation. Except as set forth in the Schedule, there are no actions ---------- or proceedings pending pending, or, to Borrower's knowledge, threatened by or against Borrower or any Subsidiary before any court or administrative agency in which a likely an adverse decision would reasonably be expected to could have a Material Adverse EffectEffect or a material adverse effect on Borrower's interest or Bank's security interest in the Collateral.

Litigation. Except as set forth in the Schedule, there are no ---------- actions or proceedings pending by or against Borrower or any Subsidiary before any court or administrative agency in which a likely adverse decision would reasonably be expected to have a Material Adverse EffectEffect or a material adverse effect on Borrower's interest or Bank's security interest in the Collateral. Borrower does not have knowledge of any such pending or threatened actions or proceedings.

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending by or against Borrower or any Subsidiary before any court or administrative agency in which a likely adverse decision would could reasonably be expected to have a Material Adverse Effect, or a material adverse effect on Borrower's interest or Bank's security interest in the Collateral.

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending by or against Borrower or any Subsidiary before any court or administrative agency in which a likely adverse decision would would, if there were an unfavorable decision, has or could reasonably be expected to have result in a Material Adverse Effect.

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending or, to Borrower's knowledge, threatened by or against Borrower or any Subsidiary before any court or administrative agency in which a likely an adverse decision would could reasonably be expected to have a Material Adverse EffectEffect or a material adverse effect on Borrower's interest or Bank's security interest in the Collateral.

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending by or against Borrower or any Subsidiary before any court or administrative agency in which a likely an adverse decision would reasonably be expected to could have a Material Adverse EffectEffect or a material adverse effect on Borrower’s interest or Bank’s security interest in the Collateral.

Litigation. Except as set forth in the Schedule, there are no ---------- actions or proceedings pending by or against Borrower or any Subsidiary before any court or administrative agency in which a likely an adverse decision would could reasonably be expected to have a Material Adverse EffectEffect or a material adverse effect on Borrower's interest or Bank's security interest in the Collateral. Borrower does not have knowledge of any such pending or threatened actions or proceedings.

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending by or against Borrower or any Subsidiary before any court or administrative agency in which there is a likely reasonable probability of an adverse decision would reasonably be expected to that could have a Material Adverse Effect.

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending by or against Borrower or any Subsidiary Subsidiary, as applicable, before any court or administrative agency in which a likely adverse decision would reasonably be expected to have a Material Adverse Effect.

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending by or against Borrower or any Subsidiary before any court or administrative agency in which a likely an adverse decision would reasonably be expected to could have a Material Adverse Effect, or a material adverse effect on Borrower’s interest or Lender’s security interest in the Collateral.

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending by or against Borrower or any Subsidiary before any court court, or administrative agency agency, in which a likely adverse decision would reasonably be expected to have a Material Adverse Effect.

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending by or against Borrower or any Subsidiary before any court or administrative agency in which a likely adverse decision would that could reasonably be expected to have a Material Adverse Effect, or a material adverse effect on Borrower’s interest or Bank’s security interest in the Collateral.

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending by or against Borrower Borrowers or any Subsidiary before any court or administrative agency in which a likely adverse decision would reasonably be expected to have a Material Adverse Effect.

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending by or against Borrower or any Subsidiary before any court or administrative agency in which a likely an adverse decision would could reasonably be expected to have a Material Adverse Effect.

Litigation. Except as set forth in the Schedule, there are no actions actions, suits, litigation, or proceedings pending by or against Borrower or any Subsidiary before any court or administrative agency in which a likely adverse decision would reasonably be expected to have a Material Adverse Effect.

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending by or against Borrower or any Subsidiary before any court or administrative agency in which a likely an adverse decision would reasonably be expected to could have a Material Adverse Effect.

Litigation. Except as set forth in the ScheduleSchedule or otherwise disclosed in writing to Bank, there are no actions or proceedings pending by or against Borrower or any Subsidiary before any court or administrative agency in which a likely adverse decision would reasonably be expected to have a Material Adverse Effect.

Litigation. Except as set forth in the Schedule, there are no ---------- actions or proceedings pending by or against Borrower or any Subsidiary before any court or administrative agency in which a likely an adverse decision would reasonably be expected to could have a Material Adverse Effect, or a material adverse effect on Borrower's interest or Bank's security interest in the Collateral.

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending by or against Borrower or any Subsidiary before any court or administrative agency in which a likely an adverse decision would reasonably be expected to have a Material Adverse Effect.

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending by or against Borrower or any Subsidiary before any court or administrative agency in which a likely an adverse decision is likely and would reasonably be expected to have a Material Adverse Effect, or a material adverse effect on Borrower's interest or Bank's security interest in the Collateral.

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending by or against a Borrower or any Subsidiary before any court or administrative agency in which a likely adverse decision would would, if there were an unfavorable decision, has or could reasonably be expected to have result in a Material Adverse Effect.

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending by or against either Borrower or any Subsidiary before any court or administrative agency in which a likely adverse decision would reasonably be expected to have a Material Adverse Effect, or a material adverse effect on either Borrower's interest or Bank's security interest in the Collateral.

Litigation. Except as set forth in the Schedule, there are no ---------- actions or proceedings pending by or against Borrower or any Subsidiary before any court or administrative agency in which a likely an adverse decision would reasonably be expected to could have a Material Adverse EffectEffect or a material adverse effect on Borrower's interest or Bank's security interest in the Collateral.

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending by or against Borrower or any Subsidiary before any court or administrative agency in which a likely adverse decision would reasonably be expected to have a Material Adverse Effect, or a material adverse effect on Borrower’s interest or Bank’s security interest in the Collateral.

Litigation. Except as set forth in the ScheduleSchedule 7.14, if any, there are no actions or proceedings pending by or against Borrower or any Subsidiary before any court or administrative agency in which a likely an adverse decision would reasonably be expected to could have a Material Adverse EffectEffect on Borrower. Borrower does not have knowledge of any such pending or threatened actions or proceedings.

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending by or against a Borrower or any Subsidiary before any court or administrative agency in which a likely an adverse decision would reasonably be expected to could have a Material Adverse Effect, or a material adverse effect on a Borrower’s interest or Bank’s security interest in the Collateral.

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending by or against Borrower or any Subsidiary before any court or administrative agency in which a likely an adverse decision would reasonably be expected to have a Material Adverse Effect, or a material adverse effect on Borrower’s interest or Bank’s security interest in the Collateral.

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending by or against any Borrower or any Subsidiary before any court or administrative agency in which a likely adverse decision would could reasonably be expected to have a Material Adverse Effect, or a material adverse effect on Borrowers' interest or Bank's security interest in the Collateral.

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending by or against a Borrower or any Subsidiary before any court or administrative agency in which a likely adverse decision would reasonably be expected to have a Material Adverse Effect.

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending by or against Borrower or any Subsidiary before any court or administrative agency in which a likely an adverse decision would is reasonably be expected likely to have a Material Adverse Effect, or a material adverse effect on Borrower's interest or Bank's security interest in the Collateral.

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending by or against any Borrower or any Subsidiary before any court or administrative agency of competent jurisdiction in which a likely an adverse decision would reasonably be expected to could have a Material Adverse Effect, or a material adverse effect on such Borrower’s interest or Bank’s security interest in the Collateral.

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending by or against Borrower or any Subsidiary before any court or administrative agency in which a likely an adverse decision would is reasonably be expected likely to have a Material Adverse EffectEffect or a material adverse effect on Borrower's interest or Bank's security interest in the Collateral.

Litigation. Except as set forth in the Schedule, there are no ---------- actions or proceedings pending by or against Borrower or any Subsidiary before any court or administrative agency in which a likely an adverse decision would reasonably be expected to could have a Material Adverse Effect, or a material adverse effect on Borrower's interest.

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending by or against Borrower or any Subsidiary before any court or administrative agency in which a likely an adverse decision would reasonably be expected to could have a Material Adverse Effect, or a material adverse effect on Borrower's interest or Bank's security interest in the Collateral.

Litigation. Except as set forth in As of the Scheduledate hereof, there are no actions or proceedings pending by or against Borrower or any Subsidiary before any court or administrative agency in which a likely adverse decision would reasonably be expected to have a Material Adverse Effect.

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending by or against Borrower or any Subsidiary before any court or administrative agency in which a likely adverse decision would that could reasonably be expected to have a Material Adverse Effect.

Litigation. Except as set forth in the ScheduleSchedule of Exceptions, there are no actions or proceedings pending by or against Borrower or any Subsidiary before any court or administrative agency in which a likely adverse decision would could reasonably be expected to have a Material Adverse Effect.

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending by or against Borrower or any Subsidiary before any court or administrative agency in which a likely an adverse decision would reasonably be expected to could have a Material Adverse Effect, or a material adverse effect on Borrower’s interest.

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending by or against Borrower or any Subsidiary before any court or administrative agency in which a likely an adverse decision would reasonably be expected to could have a Material Adverse Effect, or a material adverse effect on Borrower’s interest or Banks security interest in the Collateral.

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending by or against Borrower Borrowers or any Subsidiary before any court or administrative agency in which a likely an adverse decision would is reasonably be expected likely to have a Material Adverse Effect.

Litigation. Except as set forth in the ScheduleSchedule and in Borrower’s filings with the Securities and Exchange Commission, there are no actions or proceedings pending by or against Borrower or any Subsidiary before any court or administrative agency in which a likely adverse decision would reasonably be expected to have a Material Adverse Effect.

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending by or against Borrower or any Subsidiary before any court or administrative agency in which a likely an adverse decision would reasonably be expected likely to have a Material Adverse Effect.. 5.9

Litigation. Except as set forth in the Schedule, there are no material actions or proceedings pending by or against Borrower or any Subsidiary before any court or administrative agency that are reasonably likely to be determined in which a likely an adverse decision would manner and, if so adversely determined, could reasonably be expected to have result in a Material Adverse Effect.

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending by or against such Borrower or any Subsidiary before any court or administrative agency in which a likely an adverse decision would reasonably be expected to could have a Material Adverse Effect, or a material adverse effect on Borrower’s interest or Bank’s security interest in the Collateral.

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending by or against Borrower or any Subsidiary before any court or administrative agency in which a likely an adverse decision is reasonably likely and, if adversely determined would reasonably be expected to have result in a Material Adverse Effect.

Litigation. Except as set forth in the Schedule, there are no ---------- actions or proceedings pending by or against Borrower or any Subsidiary before any court or administrative agency in which a likely an adverse decision would reasonably be expected to could have a Material Adverse EffectEffect or a material adverse effect on Borrower's interest or Bank's security interest in the Collateral.

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending by or against Borrower or any Subsidiary before any court or administrative agency in which a likely an adverse decision would reasonably be expected to could have a Material Adverse EffectEffect or a material adverse effect on Borrower's interest in Borrower's Assets. Borrower does not have knowledge of any such pending or threatened actions or proceedings.

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending by or against Borrower or any Subsidiary before any court or administrative agency in which there is a likely reasonable likelihood of an adverse decision that would reasonably be expected to have a Material Adverse Effect.

Litigation. Except as set forth in the Schedule, to Borrower’s knowledge, there are no actions or proceedings pending by or against Borrower or any Subsidiary before any court or administrative agency in which a likely adverse decision would could reasonably be expected to have a Material Adverse Effect.

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending by or against Borrower or any Subsidiary Guarantor before any court or administrative agency in which a likely adverse decision would could reasonably be expected to have a Material Adverse Effect.

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending by or against Borrower or any Subsidiary before any court or administrative agency in which a likely an adverse decision would reasonably be expected to could have either (i) a Material Adverse Effect, or (ii) a material adverse effect on Borrower's interest or Bank's security interest in the Collateral. Borrower does not have knowledge of any such pending or threatened actions or proceedings.

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending by or against Borrower or any Subsidiary before any court or administrative agency in which a likely an adverse decision would reasonably be expected to have a Material Adverse Effect, or a material adverse effect on Borrower's interest or Bank's security interest in the Collateral.

Litigation. Except as set forth in the ScheduleSchedule attached hereto, there are no actions or proceedings pending by or against Borrower Borrowers or any Subsidiary before any court or administrative agency in which a likely adverse decision would reasonably be expected to have a Material Adverse Effect.

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending by or against Borrower or any Subsidiary before any court or administrative agency in which a likely an adverse decision would could reasonably be expected to have a Material Adverse EffectEffect on Borrower’s interest or Lender’s security interest in the Collateral.

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending pending, or, to Borrower's knowledge, threatened by or against Borrower or any Subsidiary before any court or administrative agency in which a likely an adverse decision would reasonably be expected to have a Material Adverse Effect.

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending by or against Borrower or any Subsidiary before any court or administrative agency in which a likely adverse decision would could reasonably be expected to have a Material Adverse Effect, or a material adverse effect on Borrower’s interest, or Bank’s security interest, in the Collateral.

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending or, to Borrower’s knowledge, threatened by or against Borrower or any Subsidiary before any court or administrative agency in which a likely an adverse decision would could reasonably be expected to have a Material Adverse Effect.

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending by or against Borrower or any Subsidiary before any court or administrative agency in which a likely adverse decision would could reasonably be expected to have a Material Adverse Effect.

Litigation. Except as set forth in the Disclosure Schedule, there are no actions or proceedings pending by or against any Borrower or any Subsidiary before any court or administrative agency in which a likely adverse decision would reasonably be expected to have a Material Adverse Effect.

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending by or against any Borrower or any Subsidiary before any court or administrative agency in which a likely adverse decision would could reasonably be expected to have a Material Adverse Effect, or a material adverse effect on Borrowers’ interest or Bank’s security interest in the Collateral.

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending by or against either Borrower or any Subsidiary before any court or administrative agency in which a likely adverse decision would reasonably be expected to have a Material Adverse Effect.

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending by or against Borrower or any Subsidiary before any court or administrative agency in which a likely adverse decision would could be determined adversely to Borrower and if adversely determined could reasonably be expected to have a Material Adverse Effect, or a material adverse effect on Borrower’s interest or Bank’s security interest in the Collateral.

Litigation. Except as set forth in the Schedule, there are ---------- no actions or proceedings pending by or against Borrower or any Subsidiary before any court or administrative agency in which a likely an adverse decision would reasonably be expected to could have a Material Adverse Effect, or a material adverse effect on Borrower's interest or Bank's security interest in the Collateral.

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending by or against Borrower or any Subsidiary before any court or administrative agency in which a likely an adverse decision would reasonably be expected to could have a Material Adverse Effect, or a material adverse effect on Borrower's interest or Lender's security interest in the Collateral.

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending by or against Borrower or any Subsidiary before any court or administrative agency in which a likely adverse decision would reasonably be expected to have a Material Adverse Effect, including but not limited to any action to assert, foreclose or enforce mechanics or other involuntary liens, the outcome of which could materially impair Borrower’s financial condition or its ability to carry on its business.

Litigation. Except as set forth in the Scheduleon Schedule 4.6 hereto, there are no actions or proceedings pending by or against Borrower or any Subsidiary before any court or administrative agency in which a likely an adverse decision would reasonably be expected to could have a Material Adverse Effect.

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending by or against Borrower or any Subsidiary before any court or administrative agency in which a likely an adverse decision would reasonably be expected likely to have a Material Adverse Effect.

Litigation. Except as set forth in the Schedule, there are no actions or proceedings pending by or against a Borrower or any Subsidiary before any court or administrative agency which could result in liabilities in excess of $250,000 or in which a likely an adverse decision would reasonably be expected to could have a Material Adverse Effect.