Pending Legal Proceedings. No judicial or administrative investigations, actions, suits or proceedings are pending or, to the knowledge of BNPPLC, threatened against or affecting BNPPLC by or before any court or other Governmental Authority. BNPPLC is not in default with respect to any order, writ, injunction, decree or demand of any court or other Governmental Authority in a manner that has or could reasonably be expected to have a a material adverse effect on BNPPLC or its ability to perform its obligations under the Operative Documents.
Pending Legal Proceedings. No judicial or administrative investigations, actions, suits or proceedings are pending or, to the knowledge of NAI, threatened against or affecting NAI by or before any court or other Governmental Authority that have or could reasonably be expected to have a Material Adverse Effect. NAI is not in default with respect to any order, writ, injunction, decree or demand of any court or other Governmental Authority in a manner that has or could reasonably be expected to have a Material Adverse Effect.
Pending Legal Proceedings. The Borrower shall have disclosed to the Bank about any action, suit proceedings, winding up/insolvency proceedings or investigation pending initiated against him/her/it.
Pending Legal Proceedings. The Borrower shall have furnished a declaration to the effect that there is no action, suit, proceedings or investigation pending to the knowledge of the Borrower or against the Borrower before any court of Law or Government authority or any other competent Authority which might have a material effect on the financial and other affairs of the Borrower or which might adversely affect the validity or performance of this agreement or any of its terms and conditions.
Pending Legal Proceedings. No judicial or administrative investigations, actions, suits or proceedings are pending or, to the knowledge of LRC, threatened against or affecting LRC or any of its Subsidiaries by or before any court or other Governmental Authority that have or could reasonably be expected to have a Material Adverse Effect. Neither LRC nor any of its Subsidiaries is in default with respect to any order, writ, injunction, decree or demand of any court or other Governmental Authority in a manner that has or could reasonably be expected to have a Material Adverse Effect.
Pending Legal Proceedings. There shall not be pending or instituted, threatened or proposed, any action or proceeding, by any individual or entity other than Seller or an Affiliate or Seller, by or before any court, administration agency, or other tribunal challenging or complaining of, or seeking to collect damages or other relief in connection with the transactions contemplated by this Agreement.
Pending Legal Proceedings. On the Approval Date and pursuant to the terms of the Approval Order, the Rejection Motion and the Turnover Action will be deemed resolved and withdrawn with prejudice. The Parties will make any additional filings in the Turnover Action necessary to accomplish the foregoing.
Pending Legal Proceedings. Any Litigation Account which is identified by Buyer as such within 180 days of the applicable Closing Date, shall, at Buyer's option, be substituted by GTC and the Trustee pursuant to Section IX. In the event Buyer elects not to require GTC and the Trustee to substitute the Account or fails to notify GTC that said Account is a Litigation Account within 180 days of the applicable Closing Date, Buyer agrees that it shall, to the extent applicable, at its own cost, (i) notify the Clerk of the Court, any trustee and all counsel of record in each such proceeding of the transfer of the Account from Sellers to Buyer, (ii) file pleadings to relieve Sellers' counsel of record from further responsibility in such litigation (unless said counsel has agreed, with GTC's written consent, to represent Buyer in said proceedings at Buyer's expense), and (iii) remove Sellers as parties in such action, substitute Buyer as the real party-in-interest, and change the caption thereof accordingly. Buyer agrees to notify GTC immediately in the event a claim, counterclaim or cross-claim is brought or threatened against any Seller in any litigation or bankruptcy involving an Account. In connection therewith, Buyer shall have the sole responsibility to determine the appropriate direction and strategy for such litigation or proceeding. If Buyer fails to comply with the above requirements (i)-(iii), GTC may, but is not obligated to take such actions as it deems necessary to effectuate the provisions of this paragraph. Buyer acknowledges that its failure to comply with the provisions of this paragraph may affect Buyer's rights in any such litigation or proceeding including, without limitation, any dismissal with prejudice or the running of any statute of limitations if any such action or proceeding is dismissed. Buyer shall reimburse and indemnify Sellers for any costs and legal fees incurred by Sellers in connection with such proceeding after the applicable Transfer Date, including, without limitation, any fees and costs incurred by Sellers
Pending Legal Proceedings. There shall not be pending or instituted, threatened or proposed, any action or proceeding before any court, administrative agency or other tribunal challenging or complaining of, or seeking to collect damages or other relief in connection with, the transactions contemplated by this Agreement, which action or proceeding may materially adversely affect (i) the business, operations, or condition (financial or otherwise) of any party to this Agreement or (ii) the ability of the Seller or the Purchaser to consummate the transactions contemplated by this Agreement.
Pending Legal Proceedings. No Legal Proceeding shall be pending under any Antitrust Law brought by any Governmental Authority as contemplated by Section 7.2(e) of the Company Disclosure Letter.
