Common use of Litigation and Undisclosed Liabilities Clause in Contracts

Litigation and Undisclosed Liabilities. A true and complete list of all pending litigation related to the Branches is set forth on Schedule 5.5 of the Seller Disclosure Schedule, except for suits, actions or proceedings involving the collection of delinquent accounts and garnishment proceedings in the ordinary course of business. There are no actions, complaints, petitions, suits or other proceedings or any decree, injunction, judgment, order or ruling entered, promulgated or pending or, to Seller’s knowledge, threatened against Seller and affecting or relating to in any manner the Branches, the Assets or the Assumed Liabilities or against any of the Branches that, individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect. To Seller’s knowledge, there are no facts or circumstances that would reasonably be expected to result in any material claims, obligations or liabilities with respect to the Branches, the Assets or the Assumed Liabilities other than as otherwise disclosed in this Agreement.

Litigation and Undisclosed Liabilities. A true and complete list of all pending litigation related to the Branches is set forth on Schedule 5.5 6.5 of the Seller Disclosure Schedule, except for suits, actions or proceedings involving the collection of delinquent accounts and garnishment proceedings in the ordinary course of business. There are no actions, complaints, petitions, suits or other proceedings or any decree, injunction, judgment, order or ruling entered, promulgated or pending or, to Seller’s knowledge, threatened against Seller and affecting or relating to in any manner the Branches, the Assets or the Assumed Liabilities or against any of the Branches that, individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect. To Seller’s knowledge, there are no facts or circumstances that would reasonably be expected to result in any material claims, obligations or liabilities with respect to the Branches, the Assets or the Assumed Liabilities other than as otherwise disclosed in this Agreement.