Common use of Retail Contracts Clause in Contracts

Retail Contracts. (a) No legal or governmental proceedings are pending which would reasonably be seen as likely to materially impair the value of the Retail Contracts taken as a whole, and to the knowledge of Company and Cornerstone, no such proceedings are threatened or contemplated by any Governmental Authority or any other Person.

Appears in 2 contracts

Samples: Credit Agreement (Sonic Automotive Inc), Credit Agreement (Sonic Automotive Inc)

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Retail Contracts. (aA) No legal or governmental proceedings are pending which would reasonably be seen as likely to materially impair the value of the Retail Contracts taken as a whole, and to the knowledge of Company Borrower and CornerstoneHMC Finance, no such proceedings are threatened or contemplated by any Governmental Authority governmental authorities or any other Personthreatened by others.

Appears in 1 contract

Samples: Credit Agreement (Sonic Automotive Inc)

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Retail Contracts. (ai) No legal or governmental proceedings are pending which would reasonably be seen as likely to materially impair the value of the Retail Contracts taken as a whole, and to the knowledge of Company Borrower and CornerstoneHMC Finance, no such proceedings are threatened or contemplated by any Governmental Authority governmental authorities or any other Personthreatened by others.

Appears in 1 contract

Samples: Credit Agreement (Sonic Automotive Inc)

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