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 would not reasonably be expected to result in damages or costs to Borrower or any of its Subsidiaries of, individually or in the aggregate, One Hundred Thousand Dollars ($100,000.00) or more (not covered by independent third-party insurance as to which liability has been accepted by such insurance carrier);

Appears in 3 contracts

Samples: Loan and Security Agreement (Mattersight Corp), Loan and Security Agreement (Mattersight Corp), Loan and Security Agreement (Mattersight Corp)

AutoNDA by SimpleDocs

Legal Action Notice. A prompt report of any legal actions pending or threatened in writing against Borrower or any of its Subsidiaries that would not could reasonably be expected to result in damages or costs to Borrower or any of its Subsidiaries of, individually or in the aggregate, One Five Hundred Thousand Dollars ($100,000.00500,000) or more (and not covered by independent third-party insurance insurers as to which liability has been accepted by such third-party insurance carriercompany);

Appears in 2 contracts

Samples: Loan and Security Agreement (Aerohive Networks, Inc), Loan and Security Agreement (Aerohive Networks, Inc)

AutoNDA by SimpleDocs

Legal Action Notice. A prompt report of any legal actions pending or threatened in writing against Borrower or any of its Subsidiaries that would not could reasonably be expected to result in damages or costs to Borrower or any of its Subsidiaries of, individually or in the aggregate, One Five Hundred Thousand Dollars ($100,000.00500,000) or more (not covered by independent third-party insurance or indemnity as to which liability has not been accepted denied by such insurance carriercarrier or indemnifying party);

Appears in 1 contract

Samples: Loan and Security Agreement (Biodesix Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!