Common use of No Material Proceedings Clause in Contracts

No Material Proceedings. There are no Material Proceedings pending or, to the best knowledge of Borrower, threatened, against any Covered Person.

Appears in 6 contracts

Sources: Loan Agreement (Layne Christensen Co), Loan Agreement (Angelica Corp /New/), Loan Agreement (Talx Corp)

No Material Proceedings. There are no No Material Proceedings are pending or, to the best knowledge of Borrower, threatened, against Borrower or any Covered Person.

Appears in 3 contracts

Sources: Credit Facilities Agreement (MTM Technologies, Inc.), Credit Facilities Agreement (Pomeroy It Solutions Inc), Credit Facilities Agreement (Gtsi Corp)

No Material Proceedings. There are no Material Proceedings pending or, to the best knowledge of either Borrower, threatened, against any Covered Person.

Appears in 1 contract

Sources: Loan Agreement (Felcor Suite Hotels Inc)

No Material Proceedings. There are no Material Proceedings pending or, to the best knowledge of Borrower, threatened, against any Covered Person.

Appears in 1 contract

Sources: Credit Facilities Agreement (MTM Technologies, Inc.)