No Pending Litigation, Etc Clause Samples

The "No Pending Litigation, Etc" clause serves to confirm that, at the time of agreement, a party is not involved in any ongoing legal disputes or similar proceedings that could affect its obligations or the transaction. Typically, this clause requires the party to disclose any lawsuits, governmental investigations, or administrative actions that are currently pending or threatened against them. By including this clause, the parties aim to ensure transparency and reduce the risk of undisclosed legal issues impacting the agreement, thereby protecting the interests of all involved and supporting informed decision-making.
No Pending Litigation, Etc. No suit, claim, action, arbitration, or legal, administrative or other proceeding is pending or, to the best knowledge of Design-Builder, threatened against Design-Builder that could affect the validity or enforceability of this Agreement, the ability of Design-Builder to fulfill its commitments hereunder in any material respect, or that would result in any material adverse change in the business or financial condition of Design-Builder; and
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No Pending Litigation, Etc. No suit, claim, action, arbitration, or legal, administrative or other proceeding is pending or, to the best knowledge of Owner, threatened against Owner that would affect the validity or enforceability of this Agreement, the ability of Owner to fulfill its commitments hereunder in any material respect, or that could result in any material adverse change in the business or financial condition of Owner. Owner has no knowledge of any violation or default with respect to, or the existence of, any order, writ, injunction or any decree of any court or any governmental department, commission, board, agency or instrumentality or any arbitration panel which may result in any such nonperformance of its obligations under this Agreement or material adverse effect on its ability to perform such obligations.
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No Pending Litigation, Etc. No suit, claim, action, arbitration, or legal, administrative or other proceeding is pending or, to the best knowledge of Contractor, threatened against Contractor that could affect the validity or enforceability of this Agreement, the ability of Contractor to fulfill its commitments hereunder in any material respect, or that would result in any material adverse change in the business or financial condition of Contractor. Contractor has no knowledge of any violation or default with respect to, or the existence of, any order, writ, injunction or any decree of any court or any governmental department, commission, board, agency or instrumentality or any arbitration panel which may result in any such nonperformance of its obligations under this Agreement or material adverse effect on its ability to perform such obligations; and
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Related to No Pending Litigation, Etc

  • No Pending Litigation There is no action, suit, proceeding, investigation or litigation pending or, to the Purchaser’s knowledge, threatened, which either in any one instance or in the aggregate, if determined adversely to the Purchaser would adversely affect the purchase of the Mortgage Loans by the Purchaser hereunder, or the Purchaser’s ability to perform its obligations under this Agreement; and

  • Pending Litigation Financial position and prospective long-term profitability of the Single Tenderer, and in the case the Tenderer is a JV, of each member of the JV, shall remain sound according to criteria established with respect to Financial Capability under paragraph I (i) above assuming that all pending litigation will be resolved against the Tenderer. Tenderer shall provide information on pending litigations as per Form CON-2.

  • No Litigation, Etc No suit, action or other proceeding, investigation, or injunction or final judgment relating thereto, shall be pending or threatened before any court or governmental agency in which it is sought to restrain or prohibit or to obtain damages or other relief in connection with any of the Transaction Documents or the consummation of the Transaction.

  • No Litigation Pending There is no action, suit, proceeding or investigation pending or threatened against the Servicer which, either in any one instance or in the aggregate, may result in any material adverse change in the business, operations, financial condition, properties or assets of the Servicer, or in any material impairment of the right or ability of the Servicer to carry on its business substantially as now conducted, or in any material liability on the part of the Servicer, or which would draw into question the validity of this Agreement or of any action taken or to be taken in connection with the obligations of the Servicer contemplated herein, or which would be likely to impair materially the ability of the Servicer to perform under the terms of this Agreement;

  • No Pending Proceedings That there are no lawsuits or proceedings pending or threatened which affect its ability to perform the terms of this Agreement.