Pending and Threatened Litigation Clause Samples
The Pending and Threatened Litigation clause requires parties to disclose any ongoing or potential legal actions that could affect the agreement or the parties' ability to fulfill their obligations. In practice, this means a party must inform the other if they are currently involved in lawsuits or are aware of circumstances likely to result in legal proceedings, such as regulatory investigations or disputes with third parties. This clause helps ensure transparency and allows the other party to assess potential risks associated with unresolved or anticipated legal matters.
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Pending and Threatened Litigation. Please furnish our auditors with details of any litigation or lawsuits with which Buyer is involved in directly or indirectly, and any claims asserted against Buyer even though legal proceedings have not started, including (1) the nature of any pending or threaten litigation, (2) the progress of the matter to date, (3) the response which is being made or which will be made to the matter, and (4) an evaluation of the likelihood of an unfavorable outcome and an estimate, if one can be made, of the amount or range of potential loss.
Pending and Threatened Litigation. Complaint and Jury Demand filed against ▇▇ ▇▇▇▇▇▇ in District Court, City and County of Denver, Colorado in case number 01CV4226.
Pending and Threatened Litigation. Except as set forth on Schedule 5.11 hereto, Neither Holdings nor any Joint Issuer is a party to any litigation that is pending or to the knowledge of any Joint Issuer, threatened, which is likely to be determined adversely to Holdings or that Joint Issuer and, which, if so determined, would have a Material Adverse Effect.
Pending and Threatened Litigation. To the knowledge of Seller, there are no pending or threatened matters of litigation, administrative action or examination, claim or demand whatsoever relating to the Property.
Pending and Threatened Litigation. Transcend Services, Inc., Plaintiff vs. Farnam Street Financial, Inc., Defendant in THE UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF GEORGIA ATLANTA DIVISION. This case pertains to three leases entered into between Transcend and Defendant for computer and other equipment in 2005 and ▇▇▇▇. ▇▇▇▇▇▇ ▇▇▇▇▇▇ maintains that only lease schedule #1 contains a fair market value buyout provision. Transcend disagrees. In addition, Farnam Street automatically renewed the leases against Transcend’s wishes when Transcend was attempting in good faith to negotiate lease buyouts. Transcend simply wants to negotiate a reasonable buyout quote as of the end of the original lease terms. A disposition of this dispute adverse to Transcend would be immaterial.
Pending and Threatened Litigation. Except as described on Schedule 3.6, as of the date hereof there are no actions, suits, claims (including products liability claims) or proceedings (a) pending or, (b) to the best Knowledge of Seller, threatened, before any foreign, federal, state, municipal or other governmental court, department, commission, board, bureau, agency, body or instrumentality against Seller or affiliate of Seller or affecting the Assets, at law or in equity, which, if determined adversely to Seller, net of insurance, would have a material adverse effect on the Assets or the Business. Seller is not a party to or subject to the provisions of any written order, writ, injunction, decree or judgment with respect to the Assets of any court or foreign, federal, state, municipal or other governmental or administrative body, department, commission, board, bureau, any securities exchange or other agency or instrumentality.
Pending and Threatened Litigation. There are no pending or, to the knowledge of the Stockholders, threatened matters of litigation, administrative action or examination, claim or demand whatsoever relating to the Real Property.
Pending and Threatened Litigation. Except as set forth in Exhibit 2, as of the date hereof there are no actions, suits, claims (including products liability claims) or proceedings (a) pending or, (b) to the best knowledge of Transferor, threatened, before any foreign, federal, state, municipal or other governmental court, department, commission, board, bureau, agency, body or instrumentality against Transferor or affiliate of Transferor or affecting the Assets, at law or in equity, which, if determined adversely to Transferor, net of insurance, would have a material adverse effect on the Assets or the Business. Transferor is not a party to or subject to the provisions of any written order, writ, injunction, decree or judgment with respect to the Assets of any court or foreign, federal, state, municipal or other governmental or administrative body, department, commission, board, bureau, any securities exchange or other agency or instrumentality.
Pending and Threatened Litigation. The Agent shall have received SCHEDULE 5.1(c) and shall have reviewed all such pending or threatened litigation against the Borrowers and their Subsidiaries, and such disclosures shall reveal no conditions unacceptable to the Agent in its sole discretion.
Pending and Threatened Litigation. There is no action, suit or --------------------------------- proceeding pending against, or to the knowledge of the Borrowers threatened against or affecting, any Borrower, Restricted Subsidiary or the Operating Partnership before any court or arbitrator or any governmental body, agency or official in which there is a reasonable possibility of an adverse decision which would reasonably be likely to have a Material Adverse Effect.