Common use of No Litigation Clause in Contracts

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which challenges any Credit Party's right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which has a reasonable risk of being determined adversely to any Credit Party and which, if so determined, could have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.13), as of the Closing Date there is no Litigation pending or threatened which seeks damages in excess of $100,000 or injunctive relief or alleges criminal misconduct of any Credit Party.

Appears in 5 contracts

Sources: Credit Agreement (Playcore Inc), Credit Agreement (Hometown Auto Retailers Inc), Credit Agreement (Zomax Optical Media Inc)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, Party or before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that challenges any Credit Party's ’s, right or power to enter into or perform any of its obligations under the any Related Transaction Document or any Loan Documents Document to which it is a party, or the validity or enforceability of any Related Transaction Document or any Loan Document or any action taken thereunder, or (b) which that has a reasonable risk of being determined adversely to any Credit Party Party, and which, if so determined, could reasonably be expected to have a Material Adverse Effect. Except as set forth on in Disclosure Schedule (3.13), as of the Closing Date there is no Litigation pending or to any Credit Party’s knowledge threatened which against any Credit Party that seeks damages in excess of $100,000 or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 5 contracts

Sources: Loan Agreement (H&E Equipment Services, Inc.), Credit Agreement (H&E Equipment Services, Inc.), Credit Agreement (H&E Equipment Services, Inc.)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that challenges any Credit Party's right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which that has a reasonable risk of being determined adversely to any Credit Party and whichthat, if so determined, could be reasonably be expected to have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.13), as of the Closing Date there is no Litigation pending or threatened which or, to any Credit Party's knowledge, threatened, that seeks damages in excess of $100,000 1,000,000 or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 5 contracts

Sources: Credit Agreement (Universal Hospital Services Inc), Credit Agreement (Universal Hospital Services Inc), Credit Agreement (Universal Hospital Services Inc)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that challenges any Credit Party's ’s right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which that has a reasonable risk of being determined adversely to any Credit Party and whichthat, if so determined, could reasonably be expected to have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.13), as of the Closing Date there is no Litigation pending or threatened which that seeks damages in excess of $100,000 500,000 or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 4 contracts

Sources: Credit Agreement (Navarre Corp /Mn/), Credit Agreement (Wesco International Inc), Credit Agreement (Wesco International Inc)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that challenges any Credit Party's right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which that has a reasonable risk of being determined adversely to any Credit Party and whichthat, if so determined, could reasonably be expected to have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.13), as of the Closing Date there is no Litigation pending or threatened which that seeks damages in excess of $100,000 250,000 or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 3 contracts

Sources: Credit Agreement (Insteel Industries Inc), Credit Agreement (Insteel Industries Inc), Credit Agreement (Guardian International Inc)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that challenges any Credit Party's ’s right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which that has a reasonable risk of being determined adversely to any Credit Party and whichthat, if so determined, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.13), as of the Closing Date there is no Litigation pending or threatened which that seeks damages in excess of $100,000 500,000 or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 3 contracts

Sources: Credit Agreement (Brindlee Mountain Telephone Co), Credit Agreement (Otelco Inc.), Credit Agreement (Otelco Telecommunications LLC)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that challenges any Credit Party's ’s right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which that has a reasonable risk of being determined adversely to any Credit Party and whichthat, if so determined, could reasonably be expected to have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.13), as of the Closing Date there is no Litigation pending or threatened which that seeks damages in excess of $100,000 250,000 or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 3 contracts

Sources: Credit Agreement (Insteel Industries Inc), Credit Agreement (Insteel Industries Inc), Credit Agreement (Pediatric Services of America Inc)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that challenges any Credit Party's ’s right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunderDocument, or (b) which that is not stayed under Section 362 of the Bankruptcy Code and has a reasonable risk of being determined adversely to any Credit Party and whichthat, if so determined, could reasonably be expected to have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.133.14), as of the Closing Date there is no Litigation pending or threatened which or, to any Credit Party’s knowledge, threatened, that seeks damages in excess of $100,000 250,000 or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 3 contracts

Sources: Revolving Credit Agreement, Revolving Credit Agreement (Blockbuster Inc), Revolving Credit Agreement

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that challenges any Credit Party's right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which that has a reasonable risk of being determined adversely to any Credit Party and whichthat , if so determined, could be reasonably be expected to have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.13), as of the Closing Date there is no Litigation pending or threatened which or, to any Credit Party's knowledge, threatened, that seeks damages in excess of $100,000 or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 3 contracts

Sources: Credit Agreement (Lacrosse Footwear Inc), Credit Agreement (Black Warrior Wireline Corp), Credit Agreement (Applied Extrusion Technologies Inc /De)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that challenges any Credit Party's ’s right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which that has a reasonable risk of being determined adversely to any Credit Party and whichthat, if so determined, could reasonably be expected to have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.13), as of the Closing Date there is no Litigation pending or threatened which or, to any Credit Party’s knowledge, threatened, that seeks damages in excess of $100,000 250,000 or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 3 contracts

Sources: Credit Agreement (Thermadyne Holdings Corp /De), Credit Agreement (Thermadyne Holdings Corp /De), Credit Agreement (Rowe Companies)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any such Credit Party, threatened against such Credit Party or any Subsidiary of such Credit Party, Party before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), ) that (a) which challenges any such Credit Party's right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which has a reasonable risk of being determined adversely to such Credit Party or any Subsidiary of such Credit Party and whichthat, if so determined, could have a Material Adverse Effect. Except as set forth on in Disclosure Schedule (3.13), as of the Closing Date there is no Litigation pending or threatened which that seeks damages in excess of $100,000 1,000,000 or injunctive relief against, or alleges criminal misconduct by, such Credit Party or any Subsidiary of any such Credit Party.

Appears in 3 contracts

Sources: Credit Agreement (Western Digital Corp), Credit Agreement (Western Digital Corp), Credit Agreement (Western Digital Corp)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that challenges any Credit Party's ’s right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which that has a reasonable risk of being determined adversely to any Credit Party and whichthat, if so determined, could reasonably be expected to have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.13), as of the Closing Date there is no Litigation pending or threatened which seeks or, to any Credit Party’s knowledge, threatened, that could reasonably be likely to result in damages in excess of $100,000 2,000,000 (net of insurance coverages for such damages) or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 2 contracts

Sources: Credit Agreement (Blount International Inc), Credit Agreement (Blount International Inc)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that challenges any Credit Party's right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which that has a reasonable risk of being determined adversely to any Credit Party and whichthat, if so determined, could reasonably be expected to have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.133.12), as of the Restatement Closing Date Date, there is no Litigation pending or threatened which that seeks damages in excess of $100,000 US$250,000 or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 2 contracts

Sources: Credit Agreement (Rand Logistics, Inc.), Credit Agreement (Rand Logistics, Inc.)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that challenges any Credit Party's ’s right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which that has a reasonable risk of being determined adversely to any Credit Party and whichthat, if so determined, could be reasonably be expected to have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.13), as of the Closing Date there is no Litigation pending or threatened which or, to any Credit Party’s knowledge, threatened, that seeks damages in excess of $100,000 250,000 or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 2 contracts

Sources: Credit Agreement (Standard Motor Products Inc), Credit Agreement (Standard Motor Products Inc)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that challenges any Credit Party's right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which that has a reasonable risk of being determined adversely to any Credit Party and whichthat, if so determined, could reasonably be expected to have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.133.12), as of the Closing Date Date, there is no Litigation pending or threatened which that seeks damages in excess of $100,000 US$500,000 or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 2 contracts

Sources: Term Loan Credit Agreement (Rand Logistics, Inc.), Term Loan Credit Agreement (Rand Logistics, Inc.)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened in writing against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that challenges any Credit Party's ’s right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which has a reasonable risk of being that is reasonably likely to be determined adversely to any Credit Party and whichthat, if so determined, could would have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.13), as of the Closing Effective Date there is no Litigation pending or or, to any Credit Party’s knowledge, threatened which that seeks damages in excess of $100,000 250,000 or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 2 contracts

Sources: Credit Agreement (RBC Bearings INC), Credit Agreement (RBC Bearings INC)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that challenges any Credit Party's right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which that has a reasonable risk of being determined adversely to any Credit Party and whichthat, if so determined, could be reasonably be expected to have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.13), as of the Closing Date there is no Litigation pending or threatened which or, to any Credit Party's knowledge, threatened, that seeks damages in excess of $100,000 250,000 or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 2 contracts

Sources: Credit Agreement (Standard Motor Products Inc), Credit Agreement (Carmike Cinemas Inc)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that challenges any Credit Party's ’s right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which that has a reasonable risk of being determined adversely to any Credit Party and whichthat, if so determined, could reasonably be expected to have a Material Adverse EffectEffect (other than the litigation between Borrower and ValueVision Media, Inc. that has been previously publicly disclosed by Borrower (“ValueVision Litigation”). Except as set forth on Disclosure Schedule (3.13), as of the Closing Date there is no Litigation pending or threatened which that seeks damages in excess of $100,000 or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 2 contracts

Sources: Credit Agreement (Navarre Corp /Mn/), Credit Agreement (Navarre Corp /Mn/)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that challenges any Credit Party's right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which that has a reasonable risk of being determined adversely to any Credit Party and whichthat, if so determined, could reasonably be expected to have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.13), as of the Closing Date there is no Litigation pending or threatened which that seeks damages in excess of $100,000 or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 2 contracts

Sources: Credit Agreement (Navarre Corp /Mn/), Credit Agreement (Navarre Corp /Mn/)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that challenges any Credit Party's right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which that has a reasonable risk of being determined adversely to any Credit Party and whichthat, if so determined, could be reasonably be expected to have a Material Adverse Effect. No Litigation is pending or threatened against any Credit Party by Centre Partners. Except as set forth on Disclosure Schedule (3.13), as of the Closing Date there is no Litigation pending or threatened which or, to any Credit Party's knowledge, threatened, that seeks damages in excess of $100,000 or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 2 contracts

Sources: Second Lien Credit Agreement (Black Warrior Wireline Corp), Credit Agreement (Black Warrior Wireline Corp)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that challenges any Credit Party's right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which that has a reasonable risk of being determined adversely to any Credit Party and whichthat, if so determined, could reasonably be expected to have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.133.12), as of the Restatement Closing Date Date, there is no Litigation pending or threatened which that seeks damages in excess of $100,000 US$500,000 or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 2 contracts

Sources: Credit Agreement (Rand Logistics, Inc.), Credit Agreement (Rand Logistics, Inc.)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that challenges any Credit Party's right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which that has a reasonable risk of being determined adversely to any Credit Party and whichthat, if so determined, could reasonably be expected to have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.13), as of the Closing Date there is no Litigation pending or threatened which or, to any Credit Party's knowledge, threatened, that seeks damages in excess of $100,000 250,000 or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 2 contracts

Sources: Credit Agreement (Thermadyne Holdings Corp /De), Credit Agreement (Thermadyne Holdings Corp /De)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "LitigationLITIGATION"), (a) which challenges any Credit Party's right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which has a reasonable risk of being determined adversely to any Credit Party and which, if so determined, could have a Material Adverse Effect. Except as set forth on Disclosure Schedule DISCLOSURE SCHEDULE (3.13), as of the Closing Date there is no Litigation pending or or, to the knowledge of any Credit Party, threatened which seeks damages in excess of $100,000 or injunctive relief or alleges criminal misconduct of any Credit Party.

Appears in 2 contracts

Sources: Credit Agreement (Morton Industrial Group Inc), Credit Agreement (Morton Industrial Group Inc)

No Litigation. No Except as disclosed in Disclosure Schedule (3.13), no action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that challenges any Credit Party's ’s right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which that has a reasonable risk of being determined adversely to any Credit Party and whichthat, if so determined, could reasonably be expected to have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.13), as of the Closing Date there is no Litigation pending or threatened which or, to any Credit Party’s knowledge, threatened, that seeks damages in excess of $100,000 500,000, or injunctive relief against, or alleges criminal misconduct of, or that would have a Material Adverse Effect on the value of the Collateral of, any Credit Party.

Appears in 2 contracts

Sources: Credit Agreement (Penn Traffic Co), Credit Agreement (Penn Traffic Co)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that challenges any Credit Party's right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which that has a reasonable risk of being determined adversely to any Credit Party and whichthat, if so determined, could reasonably be expected to have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.133.12), as of the Closing Date Date, there is no Litigation pending or threatened which that seeks damages in excess of $100,000 US$50,000 or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 2 contracts

Sources: Credit Agreement (Rand Logistics, Inc.), Credit Agreement (Rand Acquisition CORP)

No Litigation. No action, claim, lawsuit, demand, investigation or ------------- proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that ---------- challenges any Credit Party's right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which that has a reasonable risk of being determined adversely to any Credit Party and whichthat, if so determined, could have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.13), as of the Closing Date there is no ------------------------- Litigation pending or threatened which that seeks damages in excess of $100,000 or injunctive relief against, or alleges criminal misconduct of any Credit Party.

Appears in 2 contracts

Sources: Credit Agreement (Icon Health & Fitness Inc), Credit Agreement (Icon Health & Fitness Inc)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that challenges any Credit Party's ’s right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which that has a reasonable risk of being determined adversely to any Credit Party and whichthat, if so determined, could be reasonably be expected to have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.13), as of the Closing Date there is no Litigation pending or threatened which or, to any Credit Party’s knowledge, threatened, that seeks damages in excess of $100,000 or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 2 contracts

Sources: Credit Agreement (Black Warrior Wireline Corp), Credit Agreement (FCA Acquisition Corp.)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which challenges any Credit Party's right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which has a reasonable risk of being determined adversely to any Credit Party and which, if so determined, could have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.13), as of the Closing Date there is no Litigation pending or threatened which seeks damages in excess of $100,000 250,000 or injunctive relief or alleges criminal misconduct of any Credit Party.

Appears in 2 contracts

Sources: Credit Agreement (Filenes Basement Corp), Debtor in Possession Credit Agreement (Filenes Basement Corp)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that challenges any Credit Party's right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which that has a reasonable risk of being determined adversely to any Credit Party and whichthat , if so determined, could be reasonably be expected to have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.13), as of the Closing Date there is no Litigation pending or threatened which or, to any Credit Party's knowledge, threatened, that seeks damages in excess of $100,000 500,000 or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 2 contracts

Sources: Credit Agreement (Agway Inc), Credit Agreement (Agway Inc)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that challenges any Credit Party's ’s right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which that has a reasonable risk of being determined adversely to any Credit Party and whichthat , if so determined, could reasonably be expected to have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.13), as of the Closing Date there is no Litigation pending or threatened which or, to any Credit Party’s knowledge, threatened, that seeks damages in excess of $100,000 250,000 or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 2 contracts

Sources: Credit Agreement (Perfumania Holdings, Inc.), Credit Agreement (Westaff Inc)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that challenges any Credit Party's right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which that has a reasonable risk of being determined adversely to any Credit Party and whichthat, if so determined, could reasonably be expected to have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.13), as of the Closing Date there is no Litigation pending or threatened which that seeks damages in excess of $100,000 250,000 or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 2 contracts

Sources: Credit Agreement (Reading International Inc), Credit Agreement (Reading International Inc)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Loan Party, threatened against any Credit Loan Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that challenges any Credit Loan Party's right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which that has a reasonable risk of being determined adversely to any Credit Loan Party and whichthat, if so determined, could be reasonably be expected to have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.13), as of the Closing Restatement Date there is no Litigation pending or threatened which or, to any Loan Party's knowledge, threatened, that seeks damages in excess of $100,000 250,000 or injunctive relief against, or alleges criminal misconduct of of, any Credit Loan Party.

Appears in 1 contract

Sources: Credit Agreement (Brightpoint Inc)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit PartyParty or Worthington, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which challenges Worthington's or any Credit Party's right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which has a reasonable risk of being determined adversely to any Credit Party and which, if so determined, could have a Material Adverse Effect. Except as set forth on Disclosure Schedule DISCLOSURE SCHEDULE (3.13), as of the Closing Date there is no Litigation pending or or, to the knowledge of any Credit Party, threatened which seeks damages in excess of $100,000 or injunctive relief or alleges criminal misconduct of Worthington or any Credit Party.

Appears in 1 contract

Sources: Credit Agreement (Morton Industrial Group Inc)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation" Litigation "), (a) which that challenges any Credit Party's ’s right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which that has a reasonable risk of being determined adversely to any Credit Party and whichthat , if so determined, could be reasonably be expected to have a Material Adverse Effect. Except as set forth on in Disclosure Schedule (3.13)) , as of the Closing Date there is no Litigation pending or threatened which or, to any Credit Party’s knowledge, threatened, that seeks damages in excess of the Dollar Equivalent of $100,000 1,000,000 or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 1 contract

Sources: Credit Agreement (Fibermark Inc)

No Litigation. No Other than the commencement of the Chapter 11 Cases, no action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that challenges any Credit Party's ’s right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which that has a reasonable risk of being determined adversely to any Credit Party and whichthat , if so determined, could be reasonably be expected to have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.13), as of the Closing Date there is no Litigation pending or threatened which or, to any Credit Party’s knowledge, threatened, that seeks damages in excess of $100,000 or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 1 contract

Sources: Credit Agreement (Applied Extrusion Technologies Inc /De)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "LitigationLITIGATION"), (a) which challenges any Credit Party's right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which has a reasonable risk of being determined adversely to any Credit Party and which, if so determined, could have a Material Adverse Effect. Except as set forth on Disclosure Schedule DISCLOSURE SCHEDULE (3.13), as of the Closing Date there is no Litigation pending or threatened which seeks damages in excess of $100,000 or injunctive relief or alleges criminal misconduct of any Credit Party.

Appears in 1 contract

Sources: Credit Agreement (Recycling Industries Inc)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, Party before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), ) (a) which that challenges any Credit Party's right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, party or the validity or enforceability of any Loan Document or any action taken thereunder, thereunder or (b) which that has a reasonable risk of being determined adversely to any Credit Party and whichthat, if so determined, could reasonably be expected to have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.13), as of the Closing Date there is no Litigation pending or threatened which or, to any Credit Party's knowledge, threatened, that seeks damages in excess of $100,000 or injunctive relief against any Credit Party or that alleges criminal misconduct of any Credit Party.

Appears in 1 contract

Sources: Credit Agreement (Life Time Fitness Inc)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which challenges any Credit Party's right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which has a reasonable risk of being determined adversely to any Credit Party and which, if so determined, could have a Material Adverse Effect. Except as set forth on Disclosure Schedule DISCLOSURE SCHEDULE (3.13), as of the Closing Date there is no Litigation pending or threatened which seeks damages in excess of $100,000 or injunctive relief or alleges criminal misconduct of any Credit Party.

Appears in 1 contract

Sources: Credit Agreement (Rawlings Sporting Goods Co Inc)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any such Credit Party, threatened in writing against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that challenges any such Credit Party's ’s right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which has a reasonable risk of being that is reasonably likely to be determined adversely to any such Credit Party and whichthat, if so determined, could would have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.13), as of the Closing Effective Date there is no Litigation pending or or, to such Credit Party’s knowledge, threatened which that seeks damages in excess of the Dollar Equivalent of $100,000 250,000 or injunctive relief against, or alleges criminal misconduct of any of, such Credit Party.

Appears in 1 contract

Sources: Credit Agreement (Roller Bearing Co of America Inc)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "LitigationLITIGATION"), (a) which challenges any Credit Party's right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which has a reasonable risk of being determined adversely to any Credit Party and which, if so determined, could have a Material Adverse Effect. Except as set forth on Disclosure Schedule (DISCLOSURE SCHEDULE 3.13), as of the Closing Date there is no Litigation pending or threatened which seeks damages in excess of $100,000 or injunctive relief or alleges criminal misconduct of any Credit Party.

Appears in 1 contract

Sources: Credit and Security Agreement (Unapix Entertainment Inc)

No Litigation. No As of the Closing Date, no action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that challenges any Credit Party's ’s right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which that has a reasonable risk of being determined adversely to any Credit Party and whichthat, if so determined, could reasonably be expected to have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.13), as of the Closing Date there is no Litigation pending or threatened which that seeks damages in excess of $100,000 or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 1 contract

Sources: Credit Agreement (Pioneer Drilling Co)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that challenges any Credit Party's right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which that has a reasonable risk of being determined adversely to any Credit Party and whichthat, if so determined, could be reasonably be expected to have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.13), as of the Closing Date there is no Litigation pending or threatened which or, to any Credit Party's knowledge, threatened, that seeks damages in excess of $100,000 1,000,000 not otherwise covered by or in excess of any applicable insurance policy of a Credit Party, or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 1 contract

Sources: Credit Agreement (Odyssey Healthcare Inc)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), that (a) which challenges any Credit Party's right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which has a reasonable risk of being determined adversely to any Credit Party and whichthat, if so determined, could be reasonably be expected to have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.13), as of the Closing Date there is no Litigation pending or threatened which or, to any Credit Party's knowledge, threatened, that seeks damages in excess of $100,000 (or the Equivalent Amount thereof) or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 1 contract

Sources: Credit Agreement (Inverness Medical Innovations Inc)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that challenges any Credit Party's right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which that has a reasonable risk of being determined adversely to any Credit Party and whichthat, if so determined, could have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.13), as of the Closing Date there is no Litigation pending or threatened which that seeks damages in excess of $100,000 250,000 or injunctive relief or alleges criminal misconduct of any Credit Party.

Appears in 1 contract

Sources: Credit Agreement (Astec Industries Inc)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which challenges any Credit Party's right or power to enter into or perform any of its obligations under the Loan Operative Documents to which it is a party, or the validity or enforceability of any Loan Operative Document or any action taken thereunder, or (b) which has a reasonable risk of being determined adversely to any Credit Party and which, if so determined, could would reasonably be expected to have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.13), as of the Closing Date there is no Litigation pending or threatened threatened, which seeks damages in excess of $100,000 or injunctive relief or alleges criminal misconduct of any Credit Party.

Appears in 1 contract

Sources: Credit Agreement (Precision Partners Inc)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that challenges any Credit Party's ’s right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which that has a reasonable risk of being determined adversely to any Credit Party and whichthat, if so determined, could have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.13), as of the Closing Date there is no Litigation pending or threatened which that seeks damages in excess of $100,000 or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 1 contract

Sources: Credit Agreement (Drugmax Inc)

No Litigation. No As of the Closing Date, no action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that challenges any Credit Party's ’s right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which that has a reasonable risk of being determined adversely to any Credit Party and whichthat, if so determined, could reasonably be expected to have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.13), as of the Closing Date there is no Litigation pending or threatened which or, to any Credit Party’s knowledge, threatened, that seeks damages in excess of $100,000 1,000,000 or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 1 contract

Sources: Credit Agreement (Finlay Fine Jewelry Corp)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that challenges any Credit Party's right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which that has a reasonable risk of being determined adversely to any Credit Party and whichthat, if so determined, could reasonably be expected to have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.13), as of the Closing Date there is no Litigation pending or threatened which that seeks damages in excess of $100,000 1,000,000 or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 1 contract

Sources: Credit Agreement (PAV Republic, Inc.)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that challenges any Credit Party's ’s right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which that has a reasonable risk of being determined adversely to any Credit Party and whichthat, if so determined, could reasonably be expected to have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.13), as of the Closing Date there is no Litigation pending or or, to the best of any Credit Party’s knowledge, threatened which that seeks damages in excess of $100,000 500,000 or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 1 contract

Sources: Credit Agreement (Huttig Building Products Inc)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened in writing against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that challenges any Credit Party's ’s right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which that has a reasonable risk of being determined adversely to any Credit Party and whichthat, if so determined, could would reasonably be expected to have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.13), as of the Closing Date there is no Litigation pending or threatened which or, to any Credit Party’s knowledge, threatened, that seeks damages in excess of $100,000 5,000,000 or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 1 contract

Sources: Credit Agreement (Oregon Steel Mills Inc)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which challenges any Credit Party's right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) except as set forth on Disclosure Schedule (3.13(a)), which has a reasonable risk of being determined adversely to any Credit Party and which, if so determined, could have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.133.13(b)), as of the Closing Date there is no Litigation pending or threatened which seeks damages in excess of $100,000 250,000 or injunctive relief against or alleges criminal misconduct of any Credit Party.

Appears in 1 contract

Sources: Credit Agreement (Gibson Greetings Inc)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "LitigationLITIGATION"), (a) which that challenges any Credit Party's right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which that has a reasonable risk of being determined adversely to any Credit Party and whichthat, if so determined, could reasonably be expected to have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.13), as of the Closing Date there is no Litigation pending or threatened which that seeks damages in excess of $100,000 or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 1 contract

Sources: Credit Agreement (Navarre Corp /Mn/)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that challenges any Credit Party's right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which that has a reasonable risk of being determined adversely to any Credit Party and whichthat, if so determined, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.13), as of the Second Restatement Execution Date and the Second Restatement Closing Date there is no Litigation pending or threatened which that seeks damages in excess of $100,000 1,000,000 or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 1 contract

Sources: Credit Agreement (Otelco Inc.)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, Party or before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "LitigationLITIGATION"), (a) which that challenges any Credit Party's 's, right or power to enter into or perform any of its obligations under the any Related Transaction Document or any Loan Documents Document to which it is a party, or the validity or enforceability of any Related Transaction Document or any Loan Document or any action taken thereunder, or (b) which that has a reasonable risk of being determined adversely to any Credit Party Party, and which, if so determined, could reasonably be expected to have a Material Adverse Effect. Except as set forth on in Disclosure Schedule (3.13), as of the Closing Date there is no Litigation pending or to any Credit Party's knowledge threatened which against any Credit Party that seeks damages in excess of $100,000 or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 1 contract

Sources: Credit Agreement (H&e Finance Corp)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the best knowledge of any Credit Party, threatened against any Credit Party, Party before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which challenges any Credit Party's right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which has a reasonable risk of being determined adversely to any Credit Party and which, if so determined, could have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.13), as of the Closing Date there is no Litigation pending or threatened which seeks damages in excess of $100,000 or injunctive relief or alleges criminal misconduct of any Credit Party.

Appears in 1 contract

Sources: Credit Agreement (Video Services Corp)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that challenges any Credit Party's ’s right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which that has a reasonable risk of being determined adversely to any Credit Party and whichthat, if so determined, could reasonably be expected to have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.13), . as of the Closing Date there is no Litigation pending or threatened which that seeks damages in excess of $100,000 500,000 or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 1 contract

Sources: Second Lien Credit Agreement (Butler International Inc /Md/)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that challenges any Credit Party's right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which that has a reasonable risk of being determined adversely to any Credit Party and whichthat, if so determined, could have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.13), as of the Closing Date there is no Litigation pending or threatened which that seeks damages in excess of $100,000 or injunctive relief against, or alleges criminal misconduct of any Credit Party.

Appears in 1 contract

Sources: Credit Agreement (510152 N B LTD)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that challenges any Credit Party's right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which that has a reasonable risk of being determined adversely to any Credit Party and whichthat, if so determined, could reasonably be expected to have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.13), as of the Closing Date there is no Litigation pending or threatened which that seeks damages in excess of $100,000 50,000 or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 1 contract

Sources: Credit Agreement (Infogrames Inc)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened in writing against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that challenges any Credit Party's right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which has a reasonable risk of being that is reasonably likely to be determined adversely to any Credit Party and whichthat, if so determined, could would have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.13), as of the Closing Effective Date there is no Litigation pending or or, to any Credit Party's knowledge, threatened which that seeks damages in excess of $100,000 250,000 or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 1 contract

Sources: Credit Agreement (Roller Bearing Co of America Inc)

No Litigation. No action, claim, lawsuit, dispute, demand, investigation or proceeding of any kind is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that directly or indirectly challenges any Credit Party's right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which that has a reasonable risk of being determined adversely to any Credit Party and whichthat, if so determined, could have reasonably be expected to result in a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.13)3.11, as of the Closing Date there is no Litigation pending or, to the knowledge of any Credit Party, threatened against or threatened otherwise involving any Credit Party which seeks (i) damages in excess of $100,000 or (ii) injunctive relief or alleges criminal misconduct of against any Credit Party which would materially effect the operations of such Credit Party's business.

Appears in 1 contract

Sources: Term Loan Agreement (Northland Cable Properties Seven Limited Partnership)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, Party before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), ) that (a) which challenges any Credit Party's right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which has a reasonable risk of being determined adversely to any Credit Party and whichthat, if so determined, could have a Material Adverse Effect. Except as set forth on in Disclosure Schedule (3.13), as of the Closing Date there is no Litigation pending or threatened which that seeks damages in excess of $100,000 250,000 in the aggregate or injunctive relief against, or alleges criminal misconduct of by, any Credit Party.

Appears in 1 contract

Sources: Credit Agreement (Itron Inc /Wa/)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that challenges any Credit Party's right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which that has a reasonable risk of being determined adversely to any Credit Party and whichthat, if so determined, could reasonably be expected to have a Material Adverse Effect. Except as set forth on Disclosure Schedule in DISCLOSURE SCHEDULE (3.13), as of the Closing Date there is no Litigation pending or threatened which or, to any Credit Party's knowledge, threatened, that seeks damages (if specified) in excess of $100,000 500,000 or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 1 contract

Sources: Credit Agreement (Ddi Corp)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that challenges any Credit Party's right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which that has a reasonable risk of being determined adversely to any Credit Party and whichthat, if so determined, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.13), as of the Restatement Closing Date there is no Litigation pending or threatened which that seeks damages in excess of $100,000 500,000 or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 1 contract

Sources: Credit Agreement (Otelco Inc.)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that challenges any Credit Party's ’s right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which that has a reasonable risk of being determined adversely to any Credit Party and whichthat, if so determined, could reasonably be expected to have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.13), as of the Closing Date there is no Litigation pending or threatened which that seeks damages in excess of $100,000 500,000 or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 1 contract

Sources: Credit Agreement (Butler International Inc /Md/)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit PartyParty or any of its Subsidiaries, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which challenges any Credit Party's right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which has a reasonable risk of being determined adversely to any Credit Party or any of its Subsidiaries and which, if so determined, could have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.13), as of the Closing Date there is no Litigation pending or threatened which seeks damages in excess of $100,000 200,000 or injunctive relief against or alleges criminal misconduct of any Credit PartyParty or any of its Subsidiaries.

Appears in 1 contract

Sources: Credit Agreement (Baldwin Piano & Organ Co /De/)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that challenges any Credit Party's ’s right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which that has a reasonable risk of being determined adversely to any Credit Party and whichthat, if so determined, could be reasonably be expected to have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.13), as of the Closing Date date hereof there is no Litigation pending or threatened which or, to any Credit Party’s knowledge, threatened, that seeks damages in excess of $100,000 or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 1 contract

Sources: Credit Agreement (Amedisys Inc)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that challenges any Credit Party's right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which that has a reasonable risk of being determined adversely to any Credit Party and whichthat, if so determined, could be reasonably be expected to have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.13), as of the Restatement Closing Date there is no Litigation pending or threatened which or, to any Credit Party's knowledge, threatened, that seeks damages in excess of $100,000 1,000,000 or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 1 contract

Sources: Credit Agreement (Universal Hospital Services Inc)

No Litigation. No Other than the commencement of the Chapter 11 Cases, no action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that challenges any Credit Party's right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which that has a reasonable risk of being determined adversely to any Credit Party and whichthat, if so determined, could would reasonably be expected to have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.13), as of the Closing Date there is no Litigation pending or threatened which seeks or, to any Credit Party's knowledge, threatened, that involves damages in excess of $100,000 250,000 or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 1 contract

Sources: Credit Agreement (Allied Holdings Inc)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that challenges any Credit Party's right or power to enter into or perform any of its obligations under the Loan Related Transaction Documents to which it is a party, or the validity or enforceability of any Loan Related Transaction Document or any action taken thereunder, or (b) which that has a reasonable risk of being determined adversely to any Credit Party and whichthat, if so determined, could reasonably be expected to have a Material Adverse Effect. Except as set forth on Disclosure Schedule DISCLOSURE SCHEDULE (3.13), as of the Closing Date there is no Litigation pending or threatened which that seeks damages in excess of $100,000 50,000 or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 1 contract

Sources: Credit Agreement (Tefron LTD)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, Party or before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that challenges any Credit Party's ’s, right or power to enter into or perform any of its obligations under the any Loan Documents Document to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which that has a reasonable risk of being determined adversely to any Credit Party Party, and which, if so determined, could reasonably be expected to have a Material Adverse Effect. Except as set forth on in Disclosure Schedule (3.13), as of the Closing Date there is no Litigation pending or to any Credit Party’s knowledge threatened which against any Credit Party that seeks damages in excess of $100,000 500,000 or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 1 contract

Sources: Credit Agreement (H&E Equipment Services, Inc.)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened in writing against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that challenges any Credit Party's right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which has a reasonable risk of being that is reasonably likely to be determined adversely to any Credit Party and whichthat, if so determined, could would have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.13), as of the Closing Date there is no Litigation pending or or, to any Credit Party's knowledge, threatened which that seeks damages in excess of $100,000 250,000 or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 1 contract

Sources: Credit Agreement (Roller Bearing Co of America Inc)

No Litigation. No Other than the filing of the Cases, no action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that challenges any Credit Party's ’s right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which that has a reasonable risk of being determined adversely to any Credit Party and whichthat , if so determined, could reasonably be expected to have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.13), as of the Closing Date there is no Litigation pending or threatened which or, to any Credit Party’s knowledge, threatened, that seeks damages in excess of $100,000 1,000,000 or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 1 contract

Sources: Secured Debtor in Possession Credit Agreement

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that challenges any Credit Party's right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which that has a reasonable risk of being determined adversely to any Credit Party and whichthat, if so determined, could reasonably be expected to have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.13), as of the Closing Date there is no Litigation pending or threatened which that seeks damages in excess of $100,000 500,000 or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 1 contract

Sources: Credit Agreement (Butler International Inc /Md/)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "LitigationLITIGATION"), (a) which that challenges any Credit Party's right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which that has a reasonable risk of being determined adversely to any Credit Party and whichthat, if so determined, could reasonably be expected to have a Material Adverse Effect. Except as set forth on Disclosure Schedule DISCLOSURE SCHEDULE (3.13), as of the Closing Date there is no Litigation pending or threatened which that seeks damages in excess of $100,000 500,000 or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 1 contract

Sources: Credit Agreement (Wesco International Inc)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that challenges any Credit Party's ’s right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which that has a reasonable risk of being determined adversely to any Credit Party and whichthat, if so determined, could be reasonably expected to have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.13), as of the Closing Date there is no Litigation pending or or, to any Credit Party’s knowledge, threatened which seeks damages in excess of $100,000 250,000 or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 1 contract

Sources: Credit Agreement (Newtek Business Services Inc)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that challenges any Credit Party's right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which that has a reasonable risk of being determined adversely to any Credit Party and whichthat, if so determined, could be reasonably be expected to have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.13), as of the Closing Date there is no Litigation pending or threatened which or, to any Credit Party's knowledge, threatened, that seeks damages in excess of $100,000 500,000 or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 1 contract

Sources: Credit Agreement (Odyssey Healthcare Inc)

No Litigation. No Except as set forth on Disclosure Schedule (3.13), there is no action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that challenges any Credit Party's ’s right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which that has a reasonable risk of being determined adversely to any Credit Party and whichthat, if so determined, could reasonably be expected to have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.13), as of the Closing Date there is no Litigation pending or threatened which that seeks damages in excess of $100,000 250,000 or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 1 contract

Sources: Credit Agreement (Palace Entertainment Holdings, Inc.)

No Litigation. No As of the Closing Date, no action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "LitigationLITIGATION"), (a) which challenges any Credit Party's right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which has a reasonable risk of being determined adversely to any Credit Party and which, if so determined, could have a Material Adverse Effect. Except as set forth on Disclosure Schedule DISCLOSURE SCHEDULE (3.13), as of the Closing Date (or such later date as of which this representation and warranty is made or is deemed to be made) there is no Litigation pending or threatened which seeks damages in excess of $100,000 or injunctive relief or alleges criminal misconduct of any Credit Party.

Appears in 1 contract

Sources: Credit Agreement (Hi Rise Recycling Systems Inc)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority Authority, or before any arbitrator or panel of arbitrators (collectively, "LitigationLITIGATION"), (a) which challenges any Credit Party's right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which has a reasonable risk of being determined adversely to any Credit Party and which, if so determined, could reasonably be expected to have a Material Adverse Effect. Except as set forth on Disclosure Schedule DISCLOSURE SCHEDULE (3.13), as of the Closing Date there is no Litigation pending or threatened which seeks damages in excess of $100,000 500,000 or injunctive relief or alleges criminal misconduct of any Credit Party.

Appears in 1 contract

Sources: Credit Agreement (Superior Energy Services Inc)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that challenges any Credit Party's ’s right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which that has a reasonable risk of being determined adversely to any Credit Party and whichthat, if so determined, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.13), as of the Closing Date there is no Litigation pending or threatened which that seeks damages in excess of $100,000 1,000,000 or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 1 contract

Sources: Credit Agreement (Otelco Inc.)

No Litigation. No action, claim, lawsuit, demand, investigation ------------- or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, Party before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), ) that (a) which challenges any Credit Party's right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which that has a reasonable risk of being determined adversely to any Credit Party and whichthat, if so determined, could have a Material Adverse Effect. Except as set forth on in Disclosure Schedule (3.13), as of the Closing Date there is no Litigation pending or threatened which that seeks damages in excess of $100,000 or injunctive relief against, or alleges criminal misconduct of by, any Credit Party.

Appears in 1 contract

Sources: Credit Agreement (Peets Coffee & Tea Inc)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that challenges any Credit Party's ’s right or power to enter into or perform any of its obligations under the Loan Documents or other Related Transaction Documents to which it is a party, or the validity or enforceability of any Loan Document, any other Related Transaction Document or any action taken thereunder, or (b) which that has a reasonable risk of being determined adversely to any Credit Party and whichthat, if so determined, could reasonably be expected to have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.13), as of the Closing Date there is no Litigation pending or threatened which that seeks damages in excess of $100,000 500,000 or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 1 contract

Sources: Credit Agreement (Northland Cable Properties Seven Limited Partnership)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, Party before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "LitigationLITIGATION"), ) that (a) which challenges any Credit Party's right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which has a reasonable risk of being determined adversely to any Credit Party and whichthat, if so determined, could have a Material Adverse Effect. Except as set forth on Disclosure Schedule in DISCLOSURE SCHEDULE (3.13), as of the Closing Date there is no Litigation pending or threatened which that seeks damages in excess of $100,000 or injunctive relief against, or alleges criminal misconduct of by, any Credit Party.

Appears in 1 contract

Sources: Credit Agreement (Track N Trail Inc)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that challenges any Credit Party's ’s right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which that has a reasonable risk of being determined adversely to any Credit Party and whichthat, if so determined, could would reasonably be expected to have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.13), as of the Closing Restatement Date there is no Litigation pending or or, to the best of any Credit Party’s knowledge, threatened which that seeks damages in excess of $100,000 500,000 or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 1 contract

Sources: Credit Agreement (Huttig Building Products Inc)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of Parent or any Credit Party, threatened against Parent or any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that challenges any Credit Party's ’s right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which that has a reasonable risk of being determined adversely to Parent or any Credit Party and whichthat, if so determined, could reasonably be expected to have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.13), as of the Closing Date there is no Litigation pending or threatened which that seeks damages in excess of $100,000 50,000 or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 1 contract

Sources: Credit Agreement (Comverge, Inc.)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, Party or before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that challenges any Credit Party's ’s, right or power to enter into or perform any of its obligations under the any Loan Documents Document to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which that has a reasonable risk of being determined adversely to any Credit Party Party, and which, if so determined, could reasonably be expected to have a Material Adverse Effect. Except as set forth on in Disclosure Schedule (3.13), as of the Closing Date Date, there is no Litigation pending or to any Credit Party’s knowledge threatened which against any Credit Party that seeks damages in excess of $100,000 2,500,000 or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 1 contract

Sources: Credit Agreement (H&E Equipment Services, Inc.)

No Litigation. No Except as set forth in Disclosure Schedule (3.13), no action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which challenges any Credit Party's right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which has a reasonable risk of being determined adversely to any Credit Party and which, if so determined, could reasonably be expected to have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.13), as of the Closing Date there is no Litigation pending or threatened which seeks damages in excess of $100,000 500,000 or injunctive relief or alleges criminal misconduct of any Credit Party.

Appears in 1 contract

Sources: Credit Agreement (United Shipping & Technology Inc)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Loan Party, threatened against any Credit Loan Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that challenges any Credit Loan Party's right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which that has a reasonable risk of being determined adversely to any Credit Loan Party and whichthat , if so determined, could be reasonably be expected to have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.13), as of the Closing Date there is no Litigation pending or threatened which or, to any Loan Party's knowledge, threatened, that seeks damages in excess of $100,000 250,000 or injunctive relief against, or alleges criminal misconduct of of, any Credit Loan Party.

Appears in 1 contract

Sources: Credit Agreement (Brightpoint Inc)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that challenges any Credit Party's ’s right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which that has a reasonable risk of being determined adversely to any Credit Party and whichthat, if so determined, could reasonably be expected to have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.13), as of the Closing Date there is no Litigation pending or threatened which that seeks damages in excess of $100,000 or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 1 contract

Sources: Credit Agreement (Analysts International Corp)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "LitigationLITIGATION"), (a1) which challenges any Credit Party's right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b2) which which, as of the Closing Date, has a reasonable risk of being determined adversely to any Credit Party and which, if so determined, could have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.13)3.12, as of the Closing Date there is no Litigation pending or threatened which seeks damages in excess of $100,000 C$500,000 or the Equivalent Amount thereof in another currency or injunctive relief or alleges criminal misconduct of any Credit Party.

Appears in 1 contract

Sources: Credit Agreement (Hockey Co)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that challenges any Credit Party's ’s right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which that has a reasonable risk of being determined adversely to any Credit Party and whichthat, if so determined, could reasonably be expected to have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.133.12), as of the Closing Date Date, there is no Litigation pending or threatened which that seeks damages in excess of $100,000 US$500,000 or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 1 contract

Sources: Credit Agreement (Rand Logistics, Inc.)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that challenges any Credit Party's right or power to enter into or perform any of its obligations under the Loan Related Transaction Documents to which it is a party, or the validity or enforceability of any Loan Related Transaction Document or any action taken thereunder, or (b) which that has a reasonable risk of being determined adversely to any Credit Party and whichthat, if so determined, could be reasonably be expected to have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.13), as of the Closing Date there is no Litigation pending or threatened which or, to any Credit Party's knowledge, threatened, that seeks damages in excess of $100,000 50,000 or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 1 contract

Sources: Credit Agreement (Coyne International Enterprises Corp)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which challenges any Credit Party's right or power to enter into or perform any of its obligations under the Loan Letter of Credit Documents to which it is a party, or the validity or enforceability of any Loan Letter of Credit Document or any action taken thereunder, or (b) which has a reasonable risk of being determined adversely to any Credit Party and which, if so determined, could have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.13), as of the Closing Date there is no Litigation pending or threatened which seeks damages in excess of $100,000 500,000 or injunctive relief or alleges criminal misconduct of any Credit Party.

Appears in 1 contract

Sources: Letter of Credit Agreement (Labor Ready Inc)

No Litigation. No action, claim, lawsuit, demand, investigation or ------------- proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which challenges any Credit Party's right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which has a reasonable risk of being determined adversely to any Credit Party and which, if so determined, could have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.13), as of the Closing Date there is no Litigation pending or threatened which seeks damages in excess of $100,000 or injunctive relief against or alleges criminal misconduct of any Credit Party.

Appears in 1 contract

Sources: Credit Agreement (American Eco Corp)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that challenges any Credit Party's ’s right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which that has a reasonable risk of being determined adversely to any Credit Party and whichthat, if so determined, could reasonably be expected to have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.13)4.11, as of the Closing Date Date, there is no Litigation pending or threatened which that seeks damages in excess of $100,000 1,000,000 or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 1 contract

Sources: Credit Agreement (Clean Harbors Inc)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that challenges any Credit Party's ’s right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which that has a reasonable risk of being determined adversely to any Credit Party and whichthat, if so determined, could reasonably be expected to have a Material Adverse Effect. Except as set forth on in Disclosure Schedule (3.13), as of the Closing Date there is no Litigation pending or threatened which or, to any Credit Party’s knowledge, threatened, that seeks damages (if specified) in excess of $100,000 500,000 or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 1 contract

Sources: Credit Agreement (Ddi Corp)

No Litigation. No action, claim, lawsuit, demand, investigation or proceeding is now pending or, to the knowledge of any Credit Party, threatened in writing against any Credit Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which that challenges any Credit Party's ’s right or power to enter into or perform any of its obligations under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document or any action taken thereunder, or (b) which has a reasonable risk of being that is reasonably likely to be determined adversely to any Credit Party and whichthat, if so determined, could would have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.13), as of the Closing Date there is no Litigation pending or or, to any Credit Party’s knowledge, threatened which that seeks damages in excess of $100,000 250,000 or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 1 contract

Sources: Credit Agreement (RBC Bearings INC)