Common use of No proceedings pending or threatened Clause in Contracts

No proceedings pending or threatened. No litigation, arbitration or administrative proceedings or investigations of, or before any court, arbitral body or agency which are reasonably likely to be adversely determined, and if so determined, would reasonably be expected to have a Material Adverse Effect, have been commenced or (to the best knowledge of the Borrower and/or the Shareholder) threatened in writing against the Borrower and/or the Shareholder.

No proceedings pending or threatened. No litigation, arbitration or administrative proceedings or investigations of, or before before, any court, arbitral body or agency which are reasonably likely to be adversely determineddetermined and, and if so adversely determined, would have or would be reasonably be expected likely to have a Material Adverse EffectEffect have (as far as the Issuer is aware having made due and careful enquiry) been started, have been commenced pending or (to the best knowledge of the Borrower and/or the Shareholder) threatened in writing against the Borrower and/or the Shareholderwriting.