Common use of Absence of Litigation Events Clause in Contracts

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.