Absence of Litigation Events Clause Samples
The Absence of Litigation Events clause serves to confirm that, at the time of agreement, neither party is involved in any ongoing or threatened legal proceedings that could materially affect their ability to fulfill contractual obligations. In practice, this clause requires each party to disclose any significant lawsuits, regulatory actions, or investigations that might impact the transaction or relationship. Its core function is to provide assurance and transparency, reducing the risk that undisclosed legal issues could disrupt the agreement or expose the parties to unforeseen liabilities.
Absence of Litigation Events. There shall not have been issued any injunction, order or decree that prohibits or limits any of the transactions contemplated by any of the Loan Documents and there shall not be any action, suit, proceeding or investigation pending or, to the Best Knowledge of Borrower, currently threatened against Borrower or any of the Lenders which (i) questions the validity of this Agreement or any other Loan Document or the right of Borrower or any of the Lenders to enter into this Agreement or any other Loan Document or to consummate the transactions contemplated hereby or thereby, (ii) might result, either individually or in the aggregate, in any Material Adverse Change, or (iii) might result in any change in the current equity ownership of Borrower.
Absence of Litigation Events. There has not been issued any injunction, order or decree that prohibits or limits any of the transactions contemplated by the Loan Documents and there shall not be any action, suit, proceeding or investigation pending or, to the best knowledge of the Borrower, currently threatened against the Borrower or any Lender Party that (i) draws into question the validity, legality or enforceability of any Loan Document or to consummate the transactions contemplated thereby or (ii) might result, either individually or in the aggregate, in any Material Adverse Change, except as set forth in Schedule 4.6.
Absence of Litigation Events. There shall not have been issued any injunction, order or decree that prohibits any of the transactions contemplated by the Loan Documents and there shall not be any action, suit, proceeding or investigation pending or, to the knowledge of the Borrower, currently threatened against the Borrower or the Lender that (i) draws into question the validity, legality or enforceability of any Loan Document or the ability of any such Person to consummate the transactions contemplated thereby or (ii) would reasonably result, either individually or in the aggregate, in any Material Adverse Effect.
Absence of Litigation Events. There has not been issued any injunction, order or decree that prohibits or limits any of the transactions contemplated by the Loan Documents and there shall not be any action, suit, proceeding or investigation pending or, to the knowledge of any Sponsor Party, currently threatened against any Loan Party that (i) draws into question the validity, legality or enforceability of any Loan Document or the ability of any such Person to consummate the transactions contemplated thereby or (ii) would reasonably be expected to result, either individually or in the aggregate, in any Material Adverse Change.
Absence of Litigation Events. There shall not have been issued any injunction, order or decree that prohibits or limits any of the transactions contemplated by the Loan Documents and there shall not be any action, suit, proceeding or investigation pending or, to the best knowledge of the Borrower, currently threatened against the Borrower, any of its Affiliates or any Lender Party that (i) draws into question the validity, legality or enforceability of any Loan Document or to consummate the transactions contemplated thereby or (ii) could reasonably be expected to result, either individually or in the aggregate, in any Material Adverse Change, except as set forth in Schedule 4.6.