Litigation Disclosure Clause Samples

Litigation Disclosure. Seller has no knowledge of any litigation, proceeding, arbitration, investigation, violations, or actions pending or threatened which might result in any material adverse change lathe business, assets, or status of the business or which questions the validity of this Agreement. Seller has no knowledge of any grounds upon which any litigation, arbitration, proceedings, or investigation could be based.

Litigation Disclosure. Seller hereby notifies Buyer that it is contemplating legal action against a former tenant at the Property, Hardgoods Distributors of Massachusetts, Inc. and its successors

Litigation Disclosure. List any action, suit, proceeding, inquiry or investigation at law or in equity before or by any court, public board or body in the last ten (10) years, which was initiated by a client of Respondent against the Respondent, initiated by Respondent against a client, or arose from Respondent’s past projects.

Litigation Disclosure. ▇▇▇▇▇▇ ▇. ▇▇▇▇▇, ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇-▇▇▇▇▇▇ and ▇▇▇▇▇ ▇▇▇▇▇ (collectively, the "Plaintiffs") have filed a lawsuit in the superior court of the state of California, county of San Francisco naming TRW, Inc., ESL Incorporated and the Company as defendants. The claims contained in the Plaintiffs' complaint related to their dismissal on or about the time at which Corsair purchased the PhonePrint assets from ESL Incorporated. Only two of the seven Plaintiffs were ever employed by Corsair, and Corsair is seeking indemnification from TRW, Inc. with regard to this matter.

Litigation Disclosure. That portion of Section 8 of the Schedule to Loan and Security Agreement regarding Material Adverse Litigation is hereby amended to include the information set forth on Exhibit 1 attached hereto.

Litigation Disclosure. Failure to fully and truthfully disclose the information required, may result in the disqualification of your bid or proposal from consideration or termination of the Contract, once awarded.

Litigation Disclosure. Borrower hereby represents as follows: We are presently subject to various lawsuits, claims and proceedings of a nature considered normal to our ordinary course of business. We expect most of these legal proceedings to be covered by our liability insurance. The most significant of these contingencies not covered by insurance is described below. In December 2001, the owner of the entertainment center at our Howard Hughes Center project asserted a claim against us for indemn▇▇▇▇▇▇i▇▇ ▇▇▇sing out of a Los Angeles Superior Court judgment against them, which invalidated a transfer of in-lieu credits that we made in August of 1999 as part of our sale of the land for the entertainment center. The value of these in-lieu credits was approximately $6.0 million and were transferred to satisfy certain Transportation Impact Assessment fees related to the entertainment center. The owner of the entertainment center is currently appealing the judgment. Based on our review of the current facts and circumstances and advice of our outside counsel, we are not able to express an opinion as to the ultimate outcome of this matter. However, we do not believe that the resolution of this matter or any of our ongoing legal proceedings will have a material adverse effect on our consolidated results of operations, cash flow or financial position. Loan No. 9188ZL SCHEDULE 4.1(s) ENVIRONMENTAL DISCLOSURE None Loan No. 9188ZL SCHEDULE 4.1(v) MANAGEMENT AGREEMENTS/GROUND LEASES

Litigation Disclosure. BUYER is not a party to any suit, action, arbitration or legal, administrative or other proceeding, or governmental investigation pending or, to the best knowledge of BUYER, threatened against or affecting BUYER or its business, assets or financial condition, except for matters which would not have a material effect on BUYER or its properties. BUYER is not in default with respect to any order, writ, injunction or decree of any federal, state, local or foreign court, department, agency or instrumentality applicable to it. BUYER is not engaged in any lawsuits to recover any material amount of monies due to it. BUYER represents that they have completed their own investigation into SCL. BUYER represents that any shares issued under this Agreement to its shareholders are for the sole ownership of the individuals listed on Schedule B and are not subject to any nominee relationships, and that the names on Schedule B are the correct and true names of the individuals receiving any issuance of shares under this Agreement.

Litigation Disclosure. Borrower hereby represents as follows: We are presently subject to various lawsuits, claims and proceedings of a nature considered normal to our ordinary course of business. We expect most of these legal proceedings to be covered by our liability insurance. The most significant of these contingencies not covered by insurance is described below. In December 2001, the owner of the entertainment center at our Howard Hughes Center projec▇ ▇▇▇▇r▇▇▇ ▇ claim against us for indemnification arising out of a Los Angeles Superior Court judgment against them, which invalidated a transfer of in-lieu credits that we made in August of 1999 as part of our sale of the land for the entertainment center. The value of these in-lieu credits was approximately $6.0 million and were transferred to satisfy certain Transportation Impact Assessment fees related to the entertainment center. The owner of the entertainment center is currently appealing the judgment. Based on our review of the current facts and circumstances and advice of our outside counsel, we are not able to express an opinion as to the ultimate outcome of this matter. However, we do not believe that the resolution of this matter or any of our ongoing legal proceedings will have a material adverse effect on our consolidated results of operations, cash flow or financial position. Loan No. 5849ZL SCHEDULE 4.1(s) ENVIRONMENTAL DISCLOSURE None Loan No. 5849ZL SCHEDULE 4.1(v) MANAGEMENT AGREEMENTS None Loan No. 5849ZL SCHEDULE 4.2(l) ERISA BENEFIT PLANS 1. Arden Realty 401(k) Plan and Trust, pursuant to Agreement dated December 30, 1996, by and between Arden Realty Limited Partnership and Victor J. Coleman, as Trust▇▇. ▇. Arden Realty Limited Partnership Deferred Compensation Plan. Loan No. 5849ZL SCHEDULE 8.5 UNENCUMBERED ASSETS Property Net Rentable Square Feet Century Park Center 243,404 5000 Spring 163,358 Westwood Terrace 135,943 9665 Wilshire 158,684 Imperial Bank Tower 540,413 Center Promenade 174,837 5200 West Century 310,910 Sumitomo Bank Building 110,641 535 Brand 109,187 10780 Santa Monica 92,486 California Twin Center 155,189 Whittier Financial Center 135,415 8383 Wilshire 417,463 299 Euclid 73,522 1000 Town Center 107,656 1821 Dyer 115,061 Crown Cabot 172,900 South Bay Technology Center 104,815 Foremost Professional Plaza 60,534 Northpoint 104,235 Pennsfield Plaza 21,202 Bernardo Regency 47,916 City Centre 302,519 Wilshire Pacific Plaza 100,122 Glendale Corporate Center 108,209 World Savings Center 469,115 92...