Common use of Pending Litigation or Other Proceeding Clause in Contracts

Pending Litigation or Other Proceeding. There are no pending or, to the best of the Borrower’s knowledge, threatened investigations, litigation, suits or proceedings involving the Borrower which could reasonably be expected to have a Material Adverse Effect.

Appears in 3 contracts

Sources: Revolving Credit and Security Agreement (Invesco Dynamic Credit Opportunities Fund), Revolving Credit and Security Agreement (Morgan Stanley Prime Income Trust), Revolving Credit and Security Agreement (Invesco Prime Income Trust)

Pending Litigation or Other Proceeding. There are no pending or, to the best of the Borrower’s knowledge, threatened investigations, litigationactions, suits or proceedings involving the Borrower which could reasonably be expected give rise to have a reasonable possibility of a Material Adverse Effect.

Appears in 2 contracts

Sources: Revolving Credit and Security Agreement (Highland Distressed Opportunities, Inc.), Revolving Credit and Security Agreement (Highland Credit Strategies Fund)