Common use of No Litigation and Claims Clause in Contracts

No Litigation and Claims. There is no civil, criminal or administrative notice, action, suit, demand, claim, hearing, proceeding, notice of violation, inquiry or investigation from, by or before any Government Authority pending or, to the knowledge of the Seller threatened, against the Seller or any of its Affiliates that, individually or in the aggregate, would have a Material Adverse Change on this Agreement or on any action taken or to be taken in connection with Seller’s obligations contemplated herein, or which would be likely to impair materially its ability to perform under the terms of this Agreement. The Seller is not subject to any order, writ, judgment, award, injunction or decree of any Governmental Authority of competent jurisdiction or any arbitrator or arbitrators that, individually or in the aggregate, would be likely to impair materially its ability to perform under the terms of this Agreement.

Appears in 3 contracts

Samples: Loan Purchase and Sale Agreement (Shepherd's Finance, LLC), Loan Purchase and Sale Agreement (Shepherd's Finance, LLC), Loan Purchase and Sale Agreement (Shepherd's Finance, LLC)

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No Litigation and Claims. There is no civil, criminal or administrative notice, action, suit, demand, claim, hearing, proceeding, notice of violation, inquiry or investigation from, by or before any Government Authority pending or, to the knowledge of the Seller Buyer threatened, against the Seller Buyer or any of its Affiliates that, individually or in the aggregate, would have a Material Adverse Change on this Agreement or on any action taken or to be taken in connection with SellerBuyer’s obligations contemplated herein, or which would be likely to impair materially its ability to perform under the terms of this Agreement. The Seller Buyer is not subject to any order, writ, judgment, award, injunction or decree of any Governmental Authority of competent jurisdiction or any arbitrator or arbitrators that, individually or in the aggregate, would be likely to impair materially its ability to perform under the terms of this Agreement.

Appears in 3 contracts

Samples: Loan Purchase and Sale Agreement (Shepherd's Finance, LLC), Loan Purchase and Sale Agreement (Shepherd's Finance, LLC), Loan Purchase and Sale Agreement (Shepherd's Finance, LLC)

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