No Material. Proceedings No action or administrative proceeding of or before any court, arbitral body or agency which is not covered by adequate insurance or which might have a Material Adverse Effect has been started or is reasonably likely to be started.
Appears in 6 contracts
Sources: Secured Term Loan Facility Agreement (Teekay Tankers Ltd.), Senior Secured Revolving Credit Facility Agreement, Secured Term Loan Facility Agreement
No Material. Proceedings No action or administrative proceeding of or before any court, arbitral body or agency which is not covered by adequate insurance or which might have a Material Adverse Effect material adverse effect on the business or financial condition of the Group taken as a whole has been started or is reasonably likely to be started.
Appears in 5 contracts
Sources: Loan Agreement, Loan Agreement, Loan Agreement (Teekay LNG Partners L.P.)
No Material. Proceedings No action or administrative proceeding of or before any court, arbitral body or agency which is not covered by adequate insurance or which might have a Material Adverse Effect material adverse effect on the business or financial condition of either Group taken as a whole has been started or is reasonably likely to be started.
Appears in 4 contracts
Sources: Loan Agreement, Facility Agreement (Teekay Corp), Facility Agreement (Teekay Corp)
No Material. Proceedings No action or administrative proceeding of or before any court, arbitral body or agency which is not covered by adequate insurance or which might have a Material Adverse Effect on the business or financial condition of the Group taken as a whole has been started or is reasonably likely to be started.
Appears in 2 contracts
Sources: Secured Loan Agreement (Teekay LNG Partners L.P.), Secured Loan Agreement (Teekay LNG Partners L.P.)