Material Litigation. Borrower has no pending or overtly threatened litigation, actions or proceedings which would materially and adversely affect its business, assets, operations, prospects or condition, financial or otherwise, or the Collateral or any of FINOVA's interests therein;
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Samples: Loan and Security Agreement (Javelin Systems Inc), Loan and Security Agreement (Medley Credit Acceptance Corp), Loan and Security Agreement (Revenge Marine Inc)
Material Litigation. Borrower has no pending or overtly threatened litigation, actions or proceedings which would materially and adversely affect its business, assets, operations, prospects or condition, financial or otherwise, or the Collateral or any of FINOVATEXTRONS's interests therein;
Appears in 2 contracts
Samples: Loan and Security Agreement (Micros to Mainframes Inc), Loan and Security Agreement (I Sector Corp)
Material Litigation. Borrower has no pending or overtly threatened litigation, actions or proceedings which would materially and adversely affect its business, assets, operations, prospects or condition, financial or otherwise, or the Collateral or any of FINOVAAgent's interests therein, except for the Shareholder Litigation and the Water Company Litigation;
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Samples: Loan and Security Agreement (Usa Detergents Inc), Loan and Security Agreement (Usa Detergents Inc)
Material Litigation. Except as described in the Schedule, Borrower has no pending or overtly threatened litigation, actions or proceedings which would materially and adversely affect its business, assets, operations, prospects or condition, financial or otherwise, or the Collateral or any of FINOVA's interests therein;
Appears in 1 contract
Samples: Finova Loan and Security Agreement (Arv Assisted Living Inc)
Material Litigation. No Borrower has no any pending or overtly threatened litigation, actions or proceedings which would materially and adversely affect its business, assets, operations, prospects or condition, financial or otherwise, or the Collateral or any of FINOVALender's interests therein;
Appears in 1 contract
Samples: Loan and Security Agreement (Core Technologies Pennsylvania Inc)
Material Litigation. Borrower has no pending or overtly threatened litigation, actions or proceedings which would materially and adversely affect its business, assets, operations, prospects or condition, financial or otherwise, or the Collateral or any of FINOVAGFC's interests therein;
Appears in 1 contract
Samples: Loan and Security Agreement (Procom Technology Inc)
Material Litigation. Borrower has no pending or or, to its knowledge, overtly ------------------- threatened litigation, actions or proceedings which would materially and adversely affect its business, assets, operations, prospects or condition, financial or otherwise, or the Collateral or any of FINOVA's interests therein;
Appears in 1 contract
Samples: Loan and Security Agreement (Avery Communications Inc)
Material Litigation. Except as disclosed on Exhibit "12.7" attached hereto, Borrower has no pending or overtly threatened litigation, actions or proceedings which would materially and adversely affect its business, assets, operations, prospects or condition, financial or otherwise, or the Collateral or any of FINOVA's interests therein;
Appears in 1 contract
Material Litigation. Borrower has no pending or overtly threatened ------------------- litigation, actions or proceedings which would materially and adversely affect its business, assets, operations, prospects or condition, financial or otherwise, or the Collateral or any of FINOVA's interests therein;
Appears in 1 contract
Samples: Loan and Security Agreement (Cumetrix Data Systems Corp)
Material Litigation. Borrower has no pending or overtly threatened litigation, actions or proceedings which would materially and adversely affect its business, assets, operations, prospects or condition, financial or otherwise, or the Collateral or any of FINOVACB&T's interests therein;
Appears in 1 contract
Material Litigation. Borrower has no pending or overtly threatened litigation, actions or proceedings which would materially and adversely affect its business, assets, operations, prospects or condition, financial or otherwise, or the Collateral or any of FINOVALender's interests therein;
Appears in 1 contract
