Common use of No Material Clause in Contracts

No Material. Proceedings No litigation, arbitration or administrative proceeding of or before any court, arbitral body or agency against any member of the TOO Group has been started or, to its knowledge, threatened, which have or, if adversely determined, are reasonably likely to have a Material Adverse Effect or which is not covered by adequate insurance.

No Material. Proceedings No litigation, arbitration or administrative proceeding of or before any court, arbitral body or agency against any member of the TOO Group has been started or, to its knowledge, threatened, which have or, if adversely determined, are reasonably likely to have a Material Adverse Effect or which is not covered by adequate insurance.