Common use of Pending or Threatened Actions Clause in Contracts

Pending or Threatened Actions. Except as set forth on EXHIBIT RR-1 attached hereto, there are no actions, suits or proceedings pending or, to the best knowledge of the Meditrust Parties, threatened, against or affecting any of the Subsidiaries. In addition, there are no actions, suits or proceedings pending or, to the best knowledge of the Meditrust Parties, threatened, against or affecting any of the Meditrust Parties, which if determined adversely to the Meditrust Parties would adversely affect its ability to perform its obligations hereunder.

Appears in 2 contracts

Sources: Purchase and Sale Agreement, Purchase and Sale Agreement (Meditrust Corp)