Judgment and Proceedings. (1) The entry of any judgment or decree against the Originator or any of its Subsidiaries in excess of $15,000,000 and (2) the institution of any litigation, arbitration proceeding or governmental proceeding against the Originator which, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect.
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Samples: Receivables Sale Agreement (Convergys Corp), Receivables Sale Agreement (Convergys Corp), Receivables Sale Agreement (Convergys Corp)
Judgment and Proceedings. (1) The entry of any judgment or decree against the Originator or any of its Subsidiaries in excess if the aggregate amount of all judgments and decrees then outstanding against Originator and its Subsidiaries exceeds $15,000,000 25,000,000 and (2) the institution of any litigation, arbitration proceeding or governmental proceeding against the Originator which, individually or in the aggregate, if adversely determined, would reasonably be expected to result in a judgment in excess of $50,000,000 or could reasonably be expected to have a Material Adverse Effect.
Appears in 4 contracts
Samples: Receivables Sale Agreement (Avnet Inc), Receivables Sale Agreement (Avnet Inc), Receivables Sale Agreement (Avnet Inc)
Judgment and Proceedings. (1A) The entry of any judgment or decree against Originator if the aggregate amount of all judgments and decrees then outstanding against Originator or any of its Subsidiaries in excess of exceeds $15,000,000 25,000,000, and (2B) the institution of any litigation, arbitration proceeding or governmental proceeding against the Originator which, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect.
Appears in 4 contracts
Samples: Securitization Property Servicing Agreement (Consumers Energy Co), Securitization Property Servicing Agreement (Consumers Energy Co), Receivables Sale Agreement (CMS Energy Corp)
Judgment and Proceedings. (1) The entry of any judgment or decree against the such Originator or any of its Subsidiaries in excess if the aggregate amount of all judgments and decrees then outstanding exceeds $15,000,000 1,000,000, and (2) the institution of any litigation, arbitration proceeding or governmental proceeding against the such Originator whichthat, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect.
Appears in 3 contracts
Samples: Receivables Sale Agreement (Patterson Companies, Inc.), Receivables Sale Agreement (Patterson Companies, Inc.), Receivables Sale Agreement (Patterson Dental Co)
Judgment and Proceedings. (1) The entry of any judgment or decree against the Originator or any of its Subsidiaries in excess if the aggregate amount of all judgments and decrees then outstanding against the Originator and its Subsidiaries exceeds $15,000,000 and 10,000,000, or (2) the institution of any litigation, arbitration proceeding or governmental proceeding against the Originator which, individually or in the aggregate, could reasonably be expected to have a Material Adverse EffectOriginator.
Appears in 3 contracts
Samples: Receivables Sale Agreement (Pennsylvania Electric Co), Receivables Sale Agreement (Pennsylvania Power Co), Receivables Sale Agreement (Pennsylvania Electric Co)
Judgment and Proceedings. (1A) The entry of any judgment or decree against the Originator or any of its Subsidiaries in excess if the aggregate amount of all judgments and decrees then outstanding against Originator and its Subsidiaries exceeds $15,000,000 and 25,000,000, (2B) the institution of any litigation, arbitration proceeding proceeding, investigation or governmental proceeding against the Originator which, individually or in the aggregate, could reasonably be expected to have a Material Adverse EffectEffect and (C) any material development in any previously disclosed litigation, arbitration proceeding, investigation or governmental proceeding.
Appears in 2 contracts
Samples: Receivables Sale Agreement (Puget Energy Inc /Wa), Receivables Sale Agreement (Puget Sound Energy Inc)
Judgment and Proceedings. (1) The entry of any judgment or decree against the such Originator or any of its Subsidiaries in excess if the aggregate amount of all judgments and decrees then outstanding exceeds $15,000,000 1,000,000, and (2) the institution of any litigation, arbitration proceeding or governmental proceeding against the such Originator whichthat, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect.;
Appears in 2 contracts
Samples: Receivables Sale Agreement, Receivables Sale Agreement (Patterson Companies, Inc.)
Judgment and Proceedings. (1) The entry of any judgment or decree against the such Originator or any of its Subsidiaries in excess if the aggregate amount of all judgments and decrees then outstanding exceeds $15,000,000 10,000,000, and (2) the institution of any litigation, arbitration proceeding or governmental proceeding against the such Originator whichthat, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect.
Appears in 2 contracts
Samples: Receivables Sale Agreement (Patterson Companies, Inc.), Receivables Sale Agreement (Patterson Companies, Inc.)
Judgment and Proceedings. (1) The entry of any judgment or decree against the such Originator or any of its Subsidiaries in excess if the aggregate amount of all judgments and decrees then outstanding against the Originators and their respective Subsidiaries exceeds $15,000,000 and 5,000,000, or (2) the institution of any litigation, arbitration proceeding or governmental proceeding against the such Originator which, individually or in the aggregate, which could reasonably be expected to have a Material Adverse Effect.
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Judgment and Proceedings. (1) The entry of any judgment or decree against the Originator or any of its Subsidiaries in excess if the aggregate amount of all judgments and decrees then outstanding against Originator and its Subsidiaries exceeds $15,000,000 1,000,000, and (2) the institution of any litigation, arbitration proceeding or governmental proceeding against the Originator which, individually or in the aggregate, which could reasonably be expected to have a Material Adverse Effect.
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Judgment and Proceedings. (1) The entry of any judgment or decree against the Originator or any of its Subsidiaries in excess if the aggregate amount of all judgments and decrees then outstanding against Originator and its Subsidiaries exceeds $15,000,000 and 25,000,000, (2) the institution of any litigation, arbitration proceeding proceeding, investigation or governmental proceeding against the Originator which, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect, and (3) any material development in any previously disclosed litigation, arbitration proceeding, investigation or governmental proceeding.
Appears in 1 contract
Samples: Receivables Sale Agreement (Puget Sound Energy Inc)
Judgment and Proceedings. (1) The entry of any judgment or decree against the such Originator or any of its Subsidiaries in excess if the aggregate amount of all judgments and decrees then outstanding against such Originator and its Subsidiaries exceeds $15,000,000 and 5,000,000, or (2) the institution of any litigation, arbitration proceeding or governmental proceeding against the such Originator which, individually or in the aggregateif determined adversely to such Originator, could reasonably be expected to have a Material Adverse Effect.
Appears in 1 contract
Samples: Receivables Sale Agreement (Insight Enterprises Inc)
Judgment and Proceedings. (1) The entry of any judgment or decree against the such Originator or any of its Subsidiaries in excess if the aggregate amount of all judgments and decrees then outstanding against such Originator and its Subsidiaries exceeds $15,000,000 10,000,000, and (2) the institution of any litigation, arbitration proceeding or governmental proceeding against the such Originator or any of its Subsidiaries which, individually or in the aggregate, aggregate could reasonably be expected to have a Material Adverse Effect.
Appears in 1 contract
Samples: Receivables Sale Agreement (Lennox International Inc)
Judgment and Proceedings. (1A) The entry of any judgment ------------------------ or decree against the Originator or any of its Subsidiaries in excess if the aggregate amount of all judgments and decrees then outstanding against Originator and its Subsidiaries exceeds $15,000,000 7,500,000 and (2B) the institution of any material litigation, arbitration proceeding or governmental proceeding against the Originator which, individually or in the aggregate, could reasonably be expected to have a Material Adverse EffectOriginator.
Appears in 1 contract
Samples: Receivables Sale Agreement (Graybar Electric Co Inc)
Judgment and Proceedings. (1) The entry of any judgment or decree against the Originator or any of its Subsidiaries in excess if the aggregate amount of all judgments and decrees then outstanding against Originator and its Subsidiaries exceeds $15,000,000 10,000,000, and (2) the institution of any litigation, arbitration proceeding or governmental proceeding against the Originator which, individually or in the aggregate, that could reasonably be expected to have a Material Adverse Effect.
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Judgment and Proceedings. (1A) The entry of any judgment or decree against the Originator or any of its Subsidiaries in excess if the aggregate amount of all judgments and decrees then outstanding against Originator and its Subsidiaries exceeds $15,000,000 and 25,000,000, or (2B) the institution of any litigation, arbitration proceeding or governmental proceeding against the Originator whichOriginator, which individually or in the aggregate, aggregate could reasonably be expected to have a Material Adverse Effect, or which seeks to enjoin performance of or otherwise relates to the Transaction Documents.
Appears in 1 contract
Samples: Receivables Sale Agreement (Anixter International Inc)
Judgment and Proceedings. (1A) The entry of any judgment or decree against the Originator or any of its Subsidiaries in excess if the aggregate amount of all judgments and decrees then outstanding against the Originator and its Subsidiaries exceeds $15,000,000 25,000,000 and (2B) the institution of any litigation, arbitration proceeding or governmental proceeding against the Originator which, individually or in if the aggregate, could reasonably be expected to have a Material Adverse Effectaggregate amount of all such claims against the Originator and its Subsidiaries exceeds $25,000,000.
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