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 Guarantor Group taken as a whole has been started or is reasonably likely to be started.
Appears in 5 contracts
Sources: Secured Facility Agreement, Secured Facility Agreement (Teekay LNG Partners L.P.), Secured Facility Agreement (Teekay LNG Partners L.P.)