Common use of Actions, Suits Clause in Contracts

Actions, Suits. (i) There are no actions, suits or proceedings pending, or to the best of the Seller’s knowledge, threatened in writing, against or affecting the Seller, or any of its properties, in or before any court, arbitrator or other body, and which determination could reasonably be expected to have a Material Adverse Effect, and (ii) the Seller is not in default with respect to any order of any court, arbitrator or governmental body.

Appears in 3 contracts

Samples: Receivables Purchase Agreement (COMMERCIAL METALS Co), Receivables Purchase Agreement (Commercial Metals Co), Receivables Purchase Agreement (Commercial Metals Co)

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Actions, Suits. (i) There are no actions, suits or proceedings pending, or to the best of the Seller’s knowledge, threatened in writing, against or affecting the Seller, or any of its properties, in or before any court, arbitrator or other body, and which determination could reasonably be expected to have a Material Adverse Effect, and (ii) the Seller is not in default with respect to any order of any court, arbitrator or governmental body.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Commercial Metals Co), Receivables Purchase Agreement (Commercial Metals Co)

Actions, Suits. (i) There are no actions, suits or proceedings pending, or to the best of the Seller’s knowledge, threatened in writingthreatened, against or affecting the Seller, or any of its properties, in or before any court, arbitrator or other body, and which determination that could reasonably be expected to have a Material Adverse Effect, and (ii) the Seller is not in default with respect to any order of any court, arbitrator or governmental body.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Borgwarner Inc), Receivables Purchase Agreement (Borgwarner Inc)

Actions, Suits. (i) There are no actions, suits or proceedings pending, or to the best of the Seller’s knowledge, threatened in writingthreatened, against or affecting the Seller, or any of its properties, in or before any court, arbitrator or other body, and which determination that could reasonably be expected to have a Material Adverse Effect, and (ii) the Seller is not in default with respect to any order of any court, arbitrator or governmental bodybody that could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Schneider National, Inc.)

Actions, Suits. (i) There are no actions, suits or proceedings pending, or to the best of the such Seller’s 's knowledge, threatened in writingthreatened, against or affecting the such Seller, or any of its properties, in or before any court, arbitrator or other body, and which determination court that could be reasonably be expected to have a Material Adverse Effect, and (ii) the Seller is not in default with respect to any order of any court, arbitrator or governmental body.

Appears in 1 contract

Samples: Receivables Transfer Agreement (Trendwest Resorts Inc)

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Actions, Suits. (iA) There are no actions, suits or proceedings pending, or to the best of the Seller’s 's knowledge, threatened in writingthreatened, against or affecting the Seller, or any of its properties, in or before any court, arbitrator or other body, and which determination could reasonably be expected to have a Material Adverse Effect, and (ii) the . Seller is not in default with respect to any order of any court, arbitrator or governmental body.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Hypercom Corp)

Actions, Suits. (i) There are no actions, suits or proceedings pending, or to the best of the Seller’s 's knowledge, threatened in writingthreatened, against or affecting the Seller, or any of its or WorldMark's properties, in or before any court, arbitrator or other body, and which determination court that could be reasonably be expected to have a Material Adverse Effect, and (ii) the Seller is not in default with respect to any order of any court, arbitrator or governmental body.

Appears in 1 contract

Samples: Receivables Sale Agreement (Trendwest Resorts Inc)

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