Common use of Suits and Proceedings Clause in Contracts

Suits and Proceedings. To Seller’s Knowledge, except as listed in Exhibit H, there are no legal actions, suits or similar proceedings pending and served, or threatened in writing against Seller or the Property which (i) are not adequately covered by existing insurance and (ii) if adversely determined, would materially and adversely affect the value of the Property, the continued operations thereof, or Seller’s ability to consummate the transactions contemplated hereby.

Appears in 17 contracts

Samples: Operating Agreement (Mack Cali Realty L P), Operating Agreement (Mack Cali Realty L P), Operating Agreement (Mack Cali Realty L P)

AutoNDA by SimpleDocs

Suits and Proceedings. To Seller’s 's Knowledge, except as listed in Exhibit HI, there are no legal actions, suits or similar proceedings pending and served, or threatened in writing against Seller or the Property which (i) are not adequately covered by existing insurance and (ii) if adversely determined, would materially and adversely affect affect, in other than a de minimus manner, the value of the Property, the continued operations thereof, or Seller’s 's ability to consummate the transactions contemplated hereby.

Appears in 6 contracts

Samples: Agreement of Sale and Purchase (Mack Cali Realty Corp), Agreement of Sale and Purchase (Mack Cali Realty L P), Agreement of Sale and Purchase (Mack Cali Realty Corp)

Suits and Proceedings. To Seller’s Knowledge, except as listed in Exhibit H, there There are no legal actions, suits or similar proceedings pending and served, or or, to Seller’s knowledge, threatened in writing against Seller or the Property which (i) are not adequately covered by existing insurance and or (ii) if adversely determined, would materially and adversely affect the value of the Property, the continued operations thereof, or Seller’s ability to consummate the transactions contemplated hereby.hereby in accordance with the terms hereof;

Appears in 3 contracts

Samples: Agreement of Purchase and Sale (Saul Centers Inc), Agreement of Purchase and Sale (Saul Centers Inc), Agreement of Purchase and Sale (Saul Centers Inc)

Suits and Proceedings. To Seller’s Knowledge, except as listed in Exhibit H, there There are no legal actions, suits or similar proceedings pending and served, or or, to Seller’s knowledge, threatened in writing against any Seller or the Property which (i) are not adequately covered by existing insurance and insurance, (ii) will bind or encumber the Property or Buyer after the Closing Date, or (iii) if adversely determined, would materially and adversely affect the value of the Property, the continued operations thereof, or Seller’s ability to consummate the transactions contemplated hereby.

Appears in 2 contracts

Samples: Agreement of Sale and Purchase, Agreement of Sale and Purchase (Fore Holdings LLC)

Suits and Proceedings. To Seller’s Knowledge, except as listed in Exhibit HE, there are no legal actions, suits or similar proceedings pending and served, or threatened in writing against Seller or the Property which (i) are not adequately covered by existing insurance and (ii) if adversely determined, would materially and adversely affect the value of the Property, the continued operations thereof, or Seller’s ability to consummate the transactions contemplated hereby.

Appears in 2 contracts

Samples: Agreement of Sale and Purchase (Mack Cali Realty Corp), Agreement of Sale and Purchase (Mack Cali Realty Corp)

Suits and Proceedings. To Except as listed in Exhibit C, there is no written legal action, suit or similar proceeding pending or, to Seller’s Knowledge, except as listed in Exhibit H, there are no legal actions, suits or similar proceedings pending and served, or threatened in writing against Seller or the Property which (i) are is not adequately fully covered by existing insurance and insurance, or (ii) if adversely determined, would materially and adversely affect is reasonably likely to have a material adverse effect on the value of the Property, the continued operations thereof, or Seller’s ability to consummate the transactions contemplated hereby.

Appears in 1 contract

Samples: Agreement of Sale and Purchase (Xstelos Holdings, Inc.)

Suits and Proceedings. To Seller’s Knowledge, except Except as listed in Exhibit H, there are no legal actions, suits or similar proceedings pending and served, or or, to Seller’s Knowledge, threatened in writing against Seller or the Property which (i) are not adequately covered by existing insurance and (ii) if adversely determined, would materially and adversely affect the value of the Property, the continued operations thereof, or Seller’s ability to consummate the transactions contemplated hereby.

Appears in 1 contract

Samples: Agreement of Sale and Purchase (Wells Real Estate Investment Trust Inc)

Suits and Proceedings. To Seller’s Knowledge, except Except as listed in Exhibit HE, there are no legal actions, suits or similar proceedings pending and served, or or, to Seller's Knowledge, threatened in writing against Seller or relating to the Property or Seller's ownership or operation of the Property, which (i) are not adequately covered by existing insurance and (ii) or, if adversely determined, would materially and adversely affect the value of the Property, the continued operations thereof, thereof or Seller’s 's ability to consummate the transactions contemplated herebyperform Seller's obligations under this Agreement.

Appears in 1 contract

Samples: Agreement of Sale and Purchase (Franklin Street Properties Corp /Ma/)

Suits and Proceedings. To Seller’s Knowledge, except as listed in Exhibit HI, there are no legal actions, suits or similar proceedings pending and served, or threatened in writing against Seller or the Property which (i) are not adequately covered by existing insurance and (ii) if adversely determined, would materially and adversely affect the value of the Property, the continued operations thereof, Property or Seller’s ability to consummate the transactions contemplated hereby.

Appears in 1 contract

Samples: Agreement of Sale and Purchase (Mack Cali Realty L P)

Suits and Proceedings. To Seller’s Knowledge, except as listed in Exhibit H, there are no legal actions, suits or similar proceedings pending and served, or threatened in writing against Seller or the Property which (i) are not adequately covered by existing insurance and (ii) if adversely determined, would materially and adversely affect have a material adverse effect on (x) the value continued operation of the PropertyProperty as currently operated, the continued operations thereof, or (y) Seller’s ability to consummate the transactions contemplated hereby, or (iii) the value of the Property.

Appears in 1 contract

Samples: Agreement of Sale and Purchase (Griffin Capital Essential Asset REIT II, Inc.)

AutoNDA by SimpleDocs

Suits and Proceedings. To Seller’s KnowledgeKnowledge as of the Effective Date, except as listed in Exhibit HD, there are no legal actions, suits or similar proceedings pending and served, or threatened in writing against Seller or relating to the Property or Seller’s ownership or operation of the Property, which (i) are not adequately covered by existing insurance and (ii) or, if adversely determined, would materially and adversely affect the value of the Property, the continued operations thereof, thereof or Seller’s ability to consummate the transactions contemplated herebyperform Seller’s obligations under this Agreement.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Ust Inc)

Suits and Proceedings. To Seller’s Knowledge, except Except as listed in Exhibit EXHIBIT H, there are no legal actions, suits or similar proceedings pending and served, or or, to Seller's Knowledge, threatened in writing against Seller or the Property which (i) are not adequately covered by existing insurance and (ii) if adversely determined, would materially and adversely affect the value of the Property, the continued operations thereof, or Seller’s 's ability to consummate the transactions contemplated hereby.

Appears in 1 contract

Samples: Agreement of Sale and Purchase (Mack Cali Realty L P)

Suits and Proceedings. To Seller’s 's Knowledge, except as listed in Exhibit H, there are no legal actions, suits or similar proceedings pending and served, or threatened in writing against (i) Seller or the Property which (iA) are not adequately covered by existing insurance and or (iiB) if adversely determined, would materially and adversely affect the value of the Property, the continued operations thereof, or Seller’s 's ability to consummate the transactions contemplated herebyhereby or (ii) the Property.

Appears in 1 contract

Samples: Agreement of Sale and Purchase (G Reit Inc)

Suits and Proceedings. To Seller’s 's Knowledge, except as listed in Exhibit H, there are no legal actions, suits or similar proceedings pending and served, or threatened in writing against Seller or the Property which (i) are not adequately covered by existing insurance and (ii) if adversely determined, would materially and adversely affect have a material adverse effect on (x) the value continued operation of the PropertyProperty as currently operated, the continued operations thereof, or (y) Seller’s 's ability to consummate the transactions contemplated hereby, or (iii) the value of the Property.

Appears in 1 contract

Samples: Agreement of Sale and Purchase (Cole Corporate Income Trust, Inc.)

Suits and Proceedings. To Seller’s Knowledge, except as listed in Exhibit H, there There are no legal actions, suits or similar proceedings pending and servedpending, or or, to Seller’s knowledge, threatened in writing against Seller or the Real Property which (i) are not adequately covered by existing insurance and (ii) if adversely determined, would materially and adversely affect the value of the Real Property, the continued operations thereof, or Seller’s ability to consummate the transactions contemplated hereby.

Appears in 1 contract

Samples: Agreement of Sale and Purchase (Donnelley Financial Solutions, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.