Litigation Notices. Immediately and in any event within five (5) calendar days of becoming aware, give notice to the Lender of any arbitral, administrative or judicial litigation or proceeding affecting the Borrower or any of its Subsidiaries in which (i) the amount involved is at least US$500,000, (ii) in which injunctive or similar relief is sought or (iii) which relates to any Credit Document or (iv) which could reasonably be expected to have a Material Adverse Effect or the outcome of which could result in a Credit Event or otherwise affect the ability of the Borrower to contract with public entities or to bid for and obtain additional contracts, in each case regardless of the amount involved.
Litigation Notices. Each Loan Party shall give prompt notice to Lender of any litigation claiming in excess of One Hundred Thousand Dollars($100,000) from such Loan Party, or which may otherwise have a Material Adverse Effect.
Litigation Notices. Each Borrower shall give prompt notice to Lender of any litigation claiming in excess of One Hundred Thousand Dollars ($100,000), from such Borrower, or which may otherwise have a Material Adverse Effect.
Litigation Notices. Immediately and in any event within five (5) calendar days, give notice to the Lender of any arbitral, administrative or judicial litigation or proceeding affecting the Borrower or any of its Subsidiaries in which, to the extent of the Borrower’s knowledge, (i) the amount involved is at least US$500,000 (ii) in which injunctive or similar relief is sought or (iii) which relates to any Credit Document or (iv) which could reasonably be expected to have a Material Adverse Effect or the outcome of which could result in a Credit Event.
Litigation Notices. In the event a subpoena or other legal process including any notice, order, or inquiry from any state or federal regulatory authority concerning the Assets is served upon Seller, Seller agrees that it will notify Purchaser immediately upon receipt of such legal process and will cooperate in a lawful effort to comply with or contest the validity of the legal process.
Litigation Notices. Borrowers and Guarantors shall provide written notice to Lender of each investigation by any governmental agency that, to the knowledge of any Responsible Officer, is pending or threatened against or affects any Borrower or any other member of the Affiliated Borrower Group or their properties or business, and of each action, suit, proceeding or claim by any Person that, to the knowledge of any Responsible Officer, is pending or threatened against any Borrower or any other member of the Affiliated Borrower Group or their properties or business (other than future pending or threatened litigation involving the enforcement of lease obligations by or against Hanover as successor to The Horn & Hardart Company as to leased properties not used in or related to the business of Borrowers), or against or affecting any transaction contemplated by this Agreement, the other Financing Agreements, or other instruments, agreements or documents delivered in connection herewith or therewith, which could reasonably be expected to result in a determination adverse to any Borrower or any other member of the Affiliated Borrower Group, and which, if so adversely determined with respect to any of them, would result in either (i) a fine, judgment, penalty, loss or liability, including costs and attorneys' fees, not - 99 - 105 covered by insurance, which, individually, exceeds Three Hundred Thousand Dollars ($300,000) or (ii) any material adverse change in the business, assets, liabilities or financial condition of any Borrower or of the Affiliated Borrower Group taken as a whole. Borrowers and Guarantors shall also provide written notice to Lender of each investigation by any governmental agency or supplier that, to the knowledge of any Responsible Officer, is pending or threatened concerning a possible product recall, or that actually results in, a product recall, of goods of or sold by Borrowers or Guarantors having an aggregate value of Three Hundred Thousand dollars ($300,000) or more.
Litigation Notices. Borrower shall give prompt written notice to Lender of any litigation, arbitration or other proceedings or governmental investigation pending or threatened against Borrower, Mortgage Borrower or Operating Lessee which is reasonably likely to have a Material Adverse Effect.
Litigation Notices. Each Loan Party (but, prior to a JetPay Dallas Pledge Event, excluding JetPay Dallas) shall give prompt notice to Lender of any litigation claiming in excess of One Hundred Thousand Dollars ($100,000) from such Loan Party, or which may otherwise have a Material Adverse Effect.
Litigation Notices. (a) Borrower shall give prompt written notice to Lender of any litigation or governmental proceedings pending or threatened in writing against Borrower which, if determined adversely to Borrower would have a Material Adverse Effect.
(b) In addition to all other notices required to be given by Borrower hereunder, Borrower shall give notice to Lender promptly upon the occurrence of: (i) any Default; and (ii) a material adverse change in the business, operations, property or financial condition of Borrower or the Property.
Litigation Notices. 99 SECTION 7.
