Common use of Legal Action Notice Clause in Contracts

Legal Action Notice. A prompt report of any legal actions pending or threatened in writing against Borrower or any of its Subsidiaries that could result in damages or costs to Borrower or any of its Subsidiaries that could reasonably be expected to cause a Material Adverse Change with respect to Borrower or any of its Subsidiaries;

Appears in 3 contracts

Samples: Loan and Security Agreement (Acme United Corp), Loan and Security Agreement (Acme United Corp), Loan and Security Agreement (Acme United Corp)

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Legal Action Notice. A prompt report of any legal actions pending or threatened in writing against Borrower or any of its Subsidiaries that could is reasonably likely to result in damages or costs to Borrower or any of its Subsidiaries that could reasonably be expected to cause a Material Adverse Change with respect to Borrower or any of its Subsidiaries;Change; and

Appears in 3 contracts

Samples: Subordinate Loan and Security Agreement (S&W Seed Co), Subordinate Loan and Security Agreement (S&W Seed Co), Subordinate Loan and Security Agreement (S&W Seed Co)

Legal Action Notice. A prompt report of any legal actions pending or threatened in writing against Borrower or any of its Subsidiaries that could result in damages or costs to Borrower or any of its Subsidiaries that could reasonably be expected to cause a Material Adverse Change with respect to Borrower of, individually or any of its Subsidiaries;in the aggregate, [****] or more; and

Appears in 2 contracts

Samples: Loan and Security Agreement (Stemcells Inc), Loan and Security Agreement (Stemcells Inc)

Legal Action Notice. A prompt report of any legal actions pending or threatened in writing against Borrower or any of its Subsidiaries that could reasonably be expected to result in damages or costs to Borrower or any of its Subsidiaries that could reasonably be expected to cause a Material Adverse Change with respect to Borrower of, individually or any of its Subsidiariesin the aggregate, $250,000 or more;

Appears in 2 contracts

Samples: Loan and Security Agreement (Titan Pharmaceuticals Inc), Loan and Security Agreement (Titan Pharmaceuticals Inc)

Legal Action Notice. A prompt report of any legal actions pending or threatened in writing against Borrower or any of its Subsidiaries that could result in damages or costs to Borrower or any of its Subsidiaries that could reasonably be expected to cause have a Material Adverse Change with respect to material adverse effect on the financial condition or business of Borrower or any of and its consolidated Subsidiaries, taken as a whole;

Appears in 1 contract

Samples: Loan and Security Agreement (Solazyme Inc)

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Legal Action Notice. A prompt report of any legal actions action, litigation, investigation or proceeding pending or or, in each case, threatened in writing against Borrower any Credit Party or any of its Subsidiaries that could result in damages or costs to Borrower Subsidiaries, or any of its Subsidiaries material development in any such legal action, litigation, investigation or proceeding, that could reasonably be expected to cause be determined adversely and, if so determined, to result in a Material Adverse Change with respect to Borrower or any of its SubsidiariesChange;

Appears in 1 contract

Samples: Loan Agreement (Lexicon Pharmaceuticals, Inc.)

Legal Action Notice. A prompt report of any legal actions pending or threatened in writing against Borrower or any of its Subsidiaries that could result in damages or costs to Borrower or any of its Subsidiaries that could reasonably be expected to cause result in damages of $250,000 or more or have a Material Adverse Change with respect to Borrower or any of its Subsidiaries;material adverse effect upon Borrower’s business; and

Appears in 1 contract

Samples: Loan and Security Agreement (Fusion-Io, Inc.)

Legal Action Notice. A prompt report of any legal actions pending or threatened in writing against Borrower a Loan Party or any of its Subsidiaries that could result in damages or costs to Borrower or any of its Subsidiaries that could that, if adversely determined, would reasonably be expected to cause result in a Material Adverse Change with respect to Borrower or any of its SubsidiariesChange;

Appears in 1 contract

Samples: Loan and Security Agreement (Omnichannel Acquisition Corp.)

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