Common use of Pending Actions or Proceedings Clause in Contracts

Pending Actions or Proceedings. No material claim or litigation by any Governmental Authority shall be pending, as of the Closing Date, which would be reasonably expected to result in a Material Adverse Effect to the Initial Noteholders, except as disclosed prior to the Closing Date and acceptable to the Initial Noteholders.

Appears in 3 contracts

Sources: Note Purchase Agreement (Enova International, Inc.), Note Purchase Agreement (Enova International, Inc.), Note Purchase Agreement (Enova International, Inc.)