Common use of Material Claims Clause in Contracts

Material Claims. There is no litigation, claim, lawsuit, investigation, action or other proceeding pending or, to the knowledge of Credit Parties, threatened before any court, agency, arbitrator or other tribunal which individually or in the aggregate might result in any material adverse change in the financial condition, operations, businesses or prospects of Credit Parties.

Appears in 2 contracts

Sources: Credit Agreement (Colonial Properties Trust), Credit Agreement (Colonial Realty Limited Partnership)

Material Claims. There is no litigation, claim, lawsuit, investigation, action or other proceeding pending or, to the knowledge of Credit Parties, threatened before any court, agency, arbitrator or other tribunal which individually or in the aggregate might aggregate, if determined adversely to Credit Parties, could result in any material adverse change in the financial condition, operations, businesses or prospects of Credit Partiesa Material Adverse Effect.

Appears in 1 contract

Sources: Credit Agreement (Monarch Properties Inc)

Material Claims. There is no litigation, claim, lawsuit, investigation, action or other proceeding pending or, to the knowledge of Credit Parties, threatened before any court, agency, arbitrator or other tribunal which individually or in the aggregate might result in any material adverse change in the financial condition, operations, businesses or prospects of any of the Credit Parties.

Appears in 1 contract

Sources: Credit Agreement (Colonial Realty Limited Partnership)

Material Claims. There is no litigation, claim, lawsuit, investigation, action or other proceeding pending or, to the knowledge of Credit Partiesthe Borrower, threatened before any court, agency, arbitrator or other tribunal which individually or in the aggregate might result in any material adverse change in the financial condition, operations, businesses or prospects of Credit Partiesthe Borrower.

Appears in 1 contract

Sources: Credit Agreement (Infinity Property & Casualty Corp)

Material Claims. There is no litigation, claim, lawsuit, investigation, action or other proceeding pending or, to the knowledge of Credit PartiesBorrower, threatened before any court, agency, arbitrator or other tribunal which individually or in the aggregate might result in any material adverse change in the financial condition, operations, businesses or prospects of Credit PartiesBorrower.

Appears in 1 contract

Sources: Credit Agreement (Nichols Research Corp /Al/)