Common use of Litigation or Other Proceedings Clause in Contracts

Litigation or Other Proceedings. promptly upon any Officer of Borrower obtaining knowledge of (1) the institution of, or written threat of, any Proceeding against or affecting Holdings or any of its Subsidiaries or any property of Holdings or any of its Subsidiaries not previously disclosed in writing by Holdings to Lender or (2) any material development in any Proceeding that, in any case:

Appears in 1 contract

Samples: Credit Agreement (IntraLinks Holdings, Inc.)

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Litigation or Other Proceedings. (a) promptly upon any Officer officer of any Borrower obtaining knowledge of (1) the institution of, or written non-frivolous threat of, any Proceeding or Proceedings against or affecting Holdings or any of its Subsidiaries or any 110 120 property of Holdings or any of its Subsidiaries not previously disclosed in writing by Holdings Borrowers to Lender Lenders, involving alleged liability of, or claims equal to or greater than $2,000,000 in the aggregate or (2) any material development in any Proceeding that, in any case:

Appears in 1 contract

Samples: Credit Agreement (Arris Group Inc)

Litigation or Other Proceedings. (a) promptly upon any Officer officer of a Borrower obtaining knowledge of (1) the institution of, or written non-frivolous threat of, any Proceeding against or affecting Holdings a Borrower or any of its Restricted Subsidiaries or any property of Holdings a Borrowers or any of its Restricted Subsidiaries not previously disclosed in writing by Holdings Borrowers to Lender DIP Lenders or (2) any material development in any Proceeding that, in any case:

Appears in 1 contract

Samples: Debtor in Possession Credit Agreement (Farmland Industries Inc)

Litigation or Other Proceedings. (a) promptly upon any Officer officer of Borrower obtaining knowledge of (1) the institution of, or written non-frivolous threat of, any Proceeding against or affecting Holdings Borrower or any of its Subsidiaries or any property of Holdings Borrower or any of its Subsidiaries not previously disclosed in writing by Holdings Borrower to Lender Lenders or (2) any material development in any Proceeding that, in any case:

Appears in 1 contract

Samples: Credit Agreement (Isle of Capri Casinos Inc)

Litigation or Other Proceedings. (a) promptly upon any Officer of Borrower obtaining knowledge of (1) the institution of, or written non-frivolous threat of, any Proceeding against or affecting Holdings Borrower or any of its Subsidiaries or any property of Holdings Borrower or any of its Subsidiaries not previously disclosed in writing by Holdings Borrower to Lender Lenders or (2) any material development in any Proceeding that, in any case:

Appears in 1 contract

Samples: Credit Agreement (Newmarket Corp)

Litigation or Other Proceedings. promptly upon any Officer of Borrower obtaining knowledge of (1a) the institution of, or written non-frivolous threat of, any Proceeding against or affecting Holdings Borrower or any of its Subsidiaries or any property of Holdings Borrower or any of its Subsidiaries not previously disclosed in writing by Holdings Borrower to Lender Lenders or (2b) any material development in any Proceeding that, in any case:

Appears in 1 contract

Samples: Credit Agreement (Stancorp Financial Group Inc)

Litigation or Other Proceedings. (a) promptly upon any Officer of Company or any other Borrower obtaining knowledge of (1) the institution of, or written non-frivolous threat of, any Proceeding against or affecting Holdings or any of its Subsidiaries or any property of Holdings or any of its Subsidiaries not previously disclosed in writing by Holdings Company or any other Borrower to Lender Lenders or (2) any material development in any Proceeding that, in any case:

Appears in 1 contract

Samples: Credit Agreement (Sybron Dental Specialties Inc)

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Litigation or Other Proceedings. promptly upon any Officer officer of Borrower obtaining knowledge of (1x) the institution of, or written non-frivolous threat of, any Proceeding action, suit, proceeding (whether administrative, judicial, or otherwise), governmental investigation, or arbitration against or affecting Holdings Borrower or any of its Subsidiaries or any property of Holdings Borrower or any of its Subsidiaries (collectively, "PROCEEDINGS") not previously disclosed in writing by Holdings Borrower to Lender Lenders or (2y) any material development in any Proceeding that, in any case:

Appears in 1 contract

Samples: Term Loan and Security Agreement (American Real Estate Partners L P)

Litigation or Other Proceedings. (a) promptly upon any Officer officer of Borrower Borrowers obtaining knowledge of (1) the institution of, or written non-frivolous threat of, any Proceeding against or affecting Holdings Borrowers or any of its their Restricted Subsidiaries or any property of Holdings Borrowers or any of its their Restricted Subsidiaries not previously disclosed in writing by Holdings Borrowers to Lender Lenders or (2) any material development in any Proceeding that, in any case:

Appears in 1 contract

Samples: Credit Agreement (Farmland Industries Inc)

Litigation or Other Proceedings. (a) promptly upon any Officer of Company or any other Borrower obtaining knowledge of (1) the institution of, or written non-frivolous threat of, any Proceeding against or affecting Holdings Company or any of its Subsidiaries or any property of Holdings Company or any of its Subsidiaries not previously disclosed in writing by Holdings Company or any other Borrower to Lender Lenders or (2) any material development in any Proceeding that, in any case:

Appears in 1 contract

Samples: Credit Agreement (Sybron Dental Specialties Inc)

Litigation or Other Proceedings. (a) promptly upon any Officer officer of Borrower obtaining knowledge of (1) the institution of, or written non-frivolous threat of, any Proceeding against or affecting Holdings Borrower or any of its Subsidiaries or any property of Holdings Borrower or any of its Subsidiaries not previously disclosed in writing by Holdings Borrower to Lender Lenders or (2) upon the reasonable request of Administrative Agent, any material development in any Proceeding that, in any case:

Appears in 1 contract

Samples: Credit Agreement (Lodgenet Entertainment Corp)

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