Common use of As to Commercial Tort Claims Clause in Contracts

As to Commercial Tort Claims. Each Grantor covenants and agrees that, until the payment in full of the Obligations and termination of all Commitments, with respect to any Commercial Tort Claim hereafter arising which the Company holds that could reasonably be expected to have a value in excess of $50,000, it shall deliver to the Lender a supplement in form and substance reasonably satisfactory to the Lender, together with all supplements to schedules thereto, identifying such new Commercial Tort Claim.

Appears in 4 contracts

Samples: Pledge and Security Agreement (TransMedics Group, Inc.), Credit Agreement (TransMedics Group, Inc.), Credit Agreement (TransMedics Group, Inc.)

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As to Commercial Tort Claims. Each Grantor covenants and agrees that, until the payment in full of the Obligations and termination of all Commitments, with respect to any Commercial Tort Claim hereafter arising which the Company holds that could reasonably be expected to have a value in excess of $50,000500,000 individually or in the aggregate hereafter arising, it shall deliver to the Lender Administrative Agent a supplement in form and substance reasonably satisfactory to the LenderAdministrative Agent, together with all supplements to schedules thereto, thereto identifying such new Commercial Tort ClaimClaims.

Appears in 1 contract

Samples: Credit Agreement (Sabre Industries, Inc.)

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As to Commercial Tort Claims. Each Grantor covenants and agrees that, until the payment in full of the Obligations and termination of all Commitments, with respect to any Commercial Tort Claim hereafter arising which the Company holds that could reasonably be expected to have a value in excess of $50,0001,000,000 individually or in the aggregate hereafter arising, it shall deliver to the Lender Agent a supplement in form and substance reasonably satisfactory to the LenderAgent, together with all supplements to schedules thereto, thereto identifying such new Commercial Tort ClaimClaims.

Appears in 1 contract

Samples: Credit Agreement (Empire Resources Inc /New/)

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