Common use of Proceedings, Etc Clause in Contracts

Proceedings, Etc. There are no actions, suits, investigations or proceedings (including, without limitation, disciplinary actions of regulatory authorities) pending or, to the knowledge of Shareholder threatened against the Companies or any officer, director, shareholder or employee of the Companies, as such, which singly or in the aggregate might have a material adverse effect on the Companies. As used in this Agreement, the term “material adverse effect” means any change in, or effect on, the Companies that is materially adverse to the assets, properties, financial condition or prospects of the Companies, not including (i) ordinary wear and tear, (ii) transactions in the ordinary course of business, (iii) depreciation and (iv) changes in the economy. The Companies are not in default with respect to any notice, order, writ, injunction or decree or investigation, inquiry or demand of court or any federal, state, local or foreign governmental authority.

Proceedings, Etc. There are no actions, suits, investigations or proceedings (including, without limitation, disciplinary actions of regulatory authorities) pending or, to the knowledge of Shareholder threatened against the Companies Each Entity or any officer, director, shareholder or employee of the CompaniesEach Entity, as such, which singly or in the aggregate might have a material adverse effect on the CompaniesEach Entity. As used in this Agreement, the term “material adverse effectMaterial Adverse Effect” means any change in, or effect on, the Companies Each Entity that is materially adverse to the assets, properties, financial condition or prospects of the CompaniesEach Entity, not including (i) ordinary wear and tear, (ii) transactions in the ordinary course of business, (iii) depreciation and (iv) changes in the economy. The Companies are Company is not in default with respect to any notice, order, writ, injunction or decree or investigation, inquiry or demand of court or any federal, state, local or foreign governmental authority.