Legal Action Notice. A prompt report of any legal actions pending or threatened in writing against any Loan Party or any Controlled Entity that could result in damages or costs to any Loan Party or any Controlled Entity of, individually or in the aggregate, Five Hundred Thousand Dollars ($500,000.00) or more;
Appears in 2 contracts
Samples: Loan and Security Agreement (ATAI Life Sciences N.V.), Loan and Security Agreement (ATAI Life Sciences N.V.)
Legal Action Notice. A prompt report of any legal actions pending or threatened in writing against any Loan Party or any Controlled Entity of its Subsidiaries that could would reasonably be expected to result in damages or costs to any Loan Party or any Controlled Entity of its Subsidiaries of, individually or in the aggregate, Twenty Five Hundred Thousand Dollars ($500,000.0025,000) or more;.
Appears in 2 contracts
Samples: Loan and Security Agreement, Loan and Security Agreement (Aspen Group, Inc.)
Legal Action Notice. A prompt report of any legal actions pending or threatened in writing against any Loan Party or any Controlled Entity of their respective Subsidiaries that could reasonably be expected to result in damages or costs to any a Loan Party or any Controlled Entity of its Subsidiaries of, individually or in the aggregate, Five One Hundred Thousand Dollars ($500,000.00100,000) or more;
Appears in 1 contract
Samples: Intercreditor Agreement (Osprey Technology Acquisition Corp.)
Legal Action Notice. A prompt report of any legal actions pending or threatened in writing against any Loan Party or any Controlled Entity the Collateral that could reasonably result in damages or costs to any Loan Party or any Controlled Entity ofParty, individually or in the aggregateaggregate for all related proceedings, of Five Hundred Thousand Dollars dollars ($500,000.00500,000) or more or that would reasonably be expected to result in a Material Adverse Effect, or of any Loan Party taking or threatening legal action in writing against any third person with respect to a material claim that could reasonably result in damages or costs against such third party of Five Hundred Thousand dollars ($500,000) or more;.
Appears in 1 contract
Samples: Loan and Guaranty Agreement (Tonix Pharmaceuticals Holding Corp.)
Legal Action Notice. A prompt report of any legal actions pending or threatened in writing against any Loan Party or any Controlled Entity of its Subsidiaries that could reasonably be expected to result in damages or costs to any Loan Party or any Controlled Entity ofof its Subsidiaries, individually or in the aggregateaggregate for all related proceedings, Five of Two Hundred Fifty Thousand Dollars ($500,000.00250,000) or more;.
Appears in 1 contract
Samples: Loan and Security Agreement (Tracon Pharmaceuticals, Inc.)
