Common use of Suits, Actions, Etc Clause in Contracts

Suits, Actions, Etc. There are no investigations, actions, suits or proceedings pending or to the knowledge of Borrower threatened before or by any Governmental Authority or arbitration authority (a) involving the validity, enforceability or priority of any of the Loan Documents or (b) against or affecting any Loan Party that if adversely determined could reasonably be expected to result in a Material Adverse Change.

Suits, Actions, Etc. There are no investigations, actions, suits or proceedings pending or to the knowledge of Borrower threatened in writing before or by any Governmental Authority or arbitration authority (a) against or directly affecting Borrower, any Guarantor or the Collateral, or involving the validity, enforceability or priority of any of the Loan Documents or (b) against or affecting any Loan Party that if adversely determined could reasonably be expected to result in a Material Adverse ChangeDocuments.