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

Samples: Credit Agreement (Playcore Inc), Credit Agreement (Verdant Brands Inc), Credit Agreement (Hometown Auto Retailers Inc)

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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

Samples: 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

Samples: Credit Agreement (Wesco International Inc), Fourth Amended (Navarre Corp /Mn/), 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 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

Samples: 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 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

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

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

Samples: Credit Agreement (Otelco Telecommunications LLC), Credit Agreement (Brindlee Mountain Telephone Co), 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 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

Samples: Credit Agreement (Black Warrior Wireline Corp), Credit Agreement (Applied Extrusion Technologies Inc /De), Credit Agreement (Lacrosse Footwear 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 or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 2 contracts

Samples: 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

Samples: 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 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

Samples: Credit Agreement (Filenes Basement Corp), 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 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

Samples: 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

Samples: 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 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

Samples: 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 $100,000 250,000 or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 2 contracts

Samples: 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 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

Samples: 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

Samples: 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, "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

Samples: Assignment Agreement (Morton Industrial Group Inc), 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"), (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

Samples: 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 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

Samples: 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 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

Samples: 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 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

Samples: 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 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

Samples: 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 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

Samples: 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, "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

Samples: 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

Samples: 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 ’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

Samples: 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

Samples: 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, 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

Samples: 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 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

Samples: 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"), (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

Samples: 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, "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

Samples: 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"), ) 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

Samples: 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 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

Samples: 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" 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

Samples: Credit Agreement (Fibermark 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

Samples: 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 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

Samples: 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

Samples: 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"), (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

Samples: 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 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

Samples: 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 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 (3.133.9), 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

Samples: 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, 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

Samples: 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

Samples: 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, "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

Samples: 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 50,000 or injunctive relief against, or alleges criminal misconduct of of, any Credit Party.

Appears in 1 contract

Samples: 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

Samples: 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, "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

Samples: 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 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

Samples: Credit and Security Agreement (Unapix Entertainment 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 or injunctive relief against, or alleges criminal misconduct of any Credit Party.

Appears in 1 contract

Samples: Credit Agreement (510152 N B LTD)

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

Samples: Credit Agreement (Pioneer Drilling Co)

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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

Samples: 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 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

Samples: 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 ’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

Samples: Credit Agreement (Drugmax Inc)

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

Samples: 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 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

Samples: 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 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

Samples: 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 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

Samples: 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"), 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

Samples: 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 ’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

Samples: 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, 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

Samples: Credit Agreement (Otelco 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

Samples: Pledge 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

Samples: 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"), (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

Samples: 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 ’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.. 3.14

Appears in 1 contract

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

No Litigation. (a) 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

Samples: Credit Agreement (Measurement Specialties 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

Samples: 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

Samples: 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, 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

Samples: 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 ’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

Samples: 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 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

Samples: Credit Agreement (Universal Hospital Services Inc)

No Litigation. (a) 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 1 contract

Samples: Credit Agreement (Measurement Specialties 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 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

Samples: Credit Agreement (Amedisys 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

Samples: 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 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

Samples: 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 Loan Party, threatened against any Credit Loan Party, before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, "Litigation"), (a) which challenges any Credit Loan 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 determined adversely to any Credit Loan Party and which, if so determined, could have a Material Adverse Effect. Except as set forth on Disclosure Schedule (3.13)4.13, 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 Loan Party.

Appears in 1 contract

Samples: Credit Agreement (Princeton Review 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, "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

Samples: 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"), 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 which, 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 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

Samples: Credit Agreement (Harvard 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 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

Samples: 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 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

Samples: 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 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

Samples: 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

Samples: 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 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

Samples: Credit Agreement (Brightpoint Inc)

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