Common use of Litigation, claims, etc Clause in Contracts

Litigation, claims, etc. The Borrower shall provide the Lender with (i) a litigation status report with respect to any suit at law or in equity asserted against it of the type referred to in Schedule 4.01(vii) attached hereto, in form and substance satisfactory to the Lender, promptly after the close of each calendar quarter; (ii) notice of any suit at law or in equity or claim brought or asserted against the Borrower, its Subsidiaries and/or its Affiliates promptly after learning thereof with respect to any suit or claim involving money or property valued in excess of $500,000.00 or any such suits or claims which in the aggregate involve money or property valued in excess of $500,000.00; and (iii) prompt notice of any investigation or proceeding before or by any Governmental Authority, the effect of which is reasonably likely to have a Material Adverse Effect.

Litigation, claims, etc. The Borrower Co-Borrowers shall provide the Lender Agent with (i) a litigation status report with respect to any suit at law or in equity asserted against it of the type referred to in Schedule 4.01(vii) attached hereto, in form and substance satisfactory to the LenderAgent, promptly after the close of each calendar quarter; (ii) notice of any suit at law or in equity or claim brought or asserted against the BorrowerCo-Borrowers, its their Subsidiaries and/or its Affiliates promptly after learning thereof with respect to any suit or claim involving money or property valued in excess of $500,000.00 or any such suits or claims which in the aggregate involve money or property valued in excess of $500,000.00; and (iii) prompt notice of any investigation or proceeding before or by any Governmental Authority, the effect of which is reasonably likely to have a Material Adverse Effect.

Litigation, claims, etc. The Borrower Co-Borrowers shall provide the Lender Agent with (i) a litigation status report with respect to any suit at law or in equity asserted against it of the type referred to in Schedule 4.01(vii) attached hereto, in form and substance satisfactory to the LenderAgent, promptly after the close of each calendar quarter; (ii) notice of any suit at law or in equity or claim brought or asserted against the BorrowerCo-Borrowers, its their Subsidiaries and/or its Affiliates promptly after learning thereof with respect to any suit or claim involving money or property valued in excess of $500,000.00 1,000,000.00 or any such suits or claims which in the aggregate involve money or property valued in excess of $500,000.001,000,000.00; and (iii) prompt notice of any investigation or proceeding before or by any Governmental Authority, the effect of which is reasonably likely to have a Material Adverse Effect.