Except as set forth in the Information Certificate, there are no actions or proceedings, pending as to the knowledge of Borrower or threatened, against any Obligor before any court or administrative agency in which amounts in dispute exceed $25,000, and Borrower has no knowledge or belief of any pending, threatened or imminent, governmental investigations or claims, complaints, actions or prosecutions involving Borrower or any Obligor. Borrower is not in default with respect to any order, writ, injunction, decree or demand of any court or any governmental or regulatory authority.