Common use of Material Litigation Clause in Contracts

Material Litigation. There shall be no pending or, to the best knowledge of the Borrower, threatened litigation with respect to the Borrower or the Guarantor before any court, arbitrator or governmental or administrative body or agency which challenges or relates to (i) the transactions contemplated hereby or (ii) the Loan Documents.

Appears in 3 contracts

Sources: Credit Agreement (Genzyme Transgenics Corp), Credit Agreement (Genzyme Transgenics Corp), Credit Agreement (Genzyme Transgenics Corp)

Material Litigation. There shall be no pending or, to the best knowledge of the BorrowerCompany, threatened litigation with respect to the Borrower Company or the any Subsidiary Guarantor before any court, arbitrator or governmental or administrative body or agency which challenges or relates to (i) the transactions contemplated hereby or (ii) the Loan Documents.

Appears in 2 contracts

Sources: Credit Agreement (Genzyme Corp), Credit Agreement (Genzyme Corp)

Material Litigation. There shall be no pending or, to the best knowledge of the BorrowerCompany, threatened litigation with respect to the Borrower or the Guarantor Company before any court, arbitrator or governmental or administrative body or agency which challenges or relates to (i) the transactions contemplated hereby or (ii) the Loan Documents. 6.

Appears in 1 contract

Sources: Credit Agreement (Green Mountain Power Corp)

Material Litigation. There shall be no pending or, to the best knowledge of the Borrower, threatened litigation with respect to the Borrower or the Guarantor before any court, arbitrator or governmental or administrative body or agency which challenges or relates related to (i) the transactions contemplated hereby or (ii) the Loan Documents, as amended hereby and by the other Transaction Documents, or which might have a material adverse effect on the business, operations, properties, assets, liabilities or condition, financial or otherwise, of the Borrower.

Appears in 1 contract

Sources: Credit Agreement (Btu International Inc)