Common use of Litigation Notice Clause in Contracts

Litigation Notice. Each of the Borrowers shall, promptly ----------------- after the same shall have become known to any officer of such Borrower, notify the Lender in writing of any action, suit or proceeding at law or in equity or by or before any Governmental Authority in which there is a reasonable likelihood of an outcome that would have a Material Adverse Effect.

Appears in 3 contracts

Samples: Credit Agreement (Hibbett Sporting Goods Inc), Credit Agreement (Hibbett Sporting Goods Inc), Credit Agreement (Hibbett Sporting Goods Inc)

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Litigation Notice. Each of the Borrowers shall, promptly ----------------- after the same shall have become known to any officer of such Borrower, notify the Lender in writing of any action, suit or proceeding at law or in equity or by or before any Governmental Authority in which there is a reasonable likelihood of an outcome that would have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Hibbett Sporting Goods Inc)

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