Certain Required Notices. Promptly, upon its receipt of notice or knowledge thereof, Borrower will report to Lender: (i) any lawsuit or administrative proceeding in which Borrower is a defendant in which the amount or amounts in controversy exceed $175,000; or (ii) the existence and nature of any Default Condition or Event of Default.
Appears in 3 contracts
Samples: Loan and Security Agreement (Headhunter Net Inc), Loan and Security Agreement (Headhunter Net Inc), Loan and Security Agreement (Headhunter Net Inc)
Certain Required Notices. Promptly, upon its receipt of --------------------------- notice or knowledge thereof, Borrower will report to Lender: (i) any lawsuit or administrative proceeding in which Borrower is a defendant in which the amount or amounts in controversy exceed $175,000100,000; or (ii) the existence and nature of any Default Condition or Event of Default.
Appears in 2 contracts
Samples: Loan and Security Agreement (Concurrent Computer Corp/De), Loan and Security Agreement (Concurrent Computer Corp/De)
Certain Required Notices. Promptly, upon its receipt of notice or knowledge thereof, Borrower will report to Lender: (i) any lawsuit or administrative proceeding in which Borrower is a defendant in which the amount or amounts in controversy exceed $175,000100,000; or (ii) the existence and nature of any Default Condition or Event of Default.
Appears in 2 contracts
Samples: Loan Agreement (SouthPeak Interactive CORP), Loan Agreement (SouthPeak Interactive CORP)
Certain Required Notices. Promptly, upon its receipt -------------------------- of notice or knowledge thereof, Borrower will report to Lender: (i) any lawsuit or administrative proceeding in which Borrower is a defendant in which the amount or amounts in controversy exceed $175,000100,000; or (ii) the existence and nature of any Default Condition or Condition, Event of DefaultDefault or Commitment Suspension Event.
Appears in 1 contract
Samples: Loan and Security Agreement (Concurrent Computer Corp/De)
Certain Required Notices. Promptly, upon its receipt of notice or knowledge thereof, Borrower will report to Lender: (i) any lawsuit lawsuit, proceeding, action, arbitration, claim or administrative proceeding governmental investigation, inquiry or proceeding, pending or threatened against Borrower or any Subsidiary seeking damages for an amount in which Borrower is a defendant in which the amount or amounts in controversy exceed excess of $175,0001 million; or (ii) the existence and nature of any Default Condition or Event of Default.
Appears in 1 contract
Samples: Loan and Security Agreement (Magellan Health Services Inc)
