there are no pending actions suits or proceedings against or affecting the issuer or its subsidiaries or any of their respective properties or assets, which individually or in the aggregate have a significant adverse effect on the financial conditions, results of operation or general affairs of the issuer or the issuer and its subsidiaries viewed as a whole or significantly adversely affect the ability of the issuer to perform any of its obligations under this agreement or which otherwise have material adverse effect to the context of the issuance of the bills and to the best of the issuer's knowledge, no such actions, suits or proceeding are threatened.