No Proceedings Pending. Except as disclosed by the Borrower in writing to, and acknowledged in writing by the Lender, no litigation, arbitration or administrative proceedings of or before any court, arbitral body or agency which if adversely determined, might reasonably be expected to have a Material Adverse Effect have been (to the best of its knowledge and belief) started against any of the Security Parties.
Appears in 2 contracts
Sources: Amendment and Restatement Agreement (Heidmar Maritime Holdings Corp.), Amendment and Restatement Agreement to Working Capital Borrowing Base Facility Agreement (Heidmar Maritime Holdings Corp.)