Common use of Litigation or Other Proceedings Clause in Contracts

Litigation or Other Proceedings. (a) promptly upon any Responsible Officer obtaining knowledge of (X) the institution of, or non-frivolous threat of, any action, suit, proceeding (whether administrative, judicial or otherwise), governmental investigation or arbitration against or affecting Company or any of its Subsidiaries or any property of Company or any of its Subsidiaries (collectively, "Proceedings") not previously disclosed in writing by Company to Lenders or (Y) any material development in any Proceeding that, in any case of (X) or of (Y):

Appears in 3 contracts

Samples: Credit Agreement (Players International Inc /Nv/), Credit Agreement (Players International Inc /Nv/), Credit Agreement (Players International Inc /Nv/)

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Litigation or Other Proceedings. (a) promptly upon any Responsible Officer executive ------------------------------- officer of Company obtaining actual knowledge of (X) the institution of, or non-frivolous threat of, any action, suit, proceeding (whether administrative, judicial or otherwise), governmental investigation or arbitration against or affecting Company Holdings or any of its Subsidiaries or any property of Company Holdings or any of its Subsidiaries (collectively, "ProceedingsPROCEEDINGS") not previously disclosed in writing by Company to Lenders or (Y) any material development in any Proceeding that, in any case of (X) or of (Y):case:

Appears in 2 contracts

Samples: Security Agreement (Diamond Brands Operating Corp), Credit Agreement (Diamond Brands Operating Corp)

Litigation or Other Proceedings. (a) promptly upon any Responsible Officer officer of Company obtaining knowledge of (X) the institution of, or non-frivolous threat of, any action, suit, proceeding (whether administrative, judicial or otherwise), governmental investigation or arbitration against or affecting Company Holdings or any of its Subsidiaries or any property of Company Holdings or any of its Subsidiaries (collectively, "Proceedings") not previously disclosed in writing by Company to Lenders or (Y) Administrative Agent any material development in any Proceeding that, in any case of (X) or of (Y):case:

Appears in 2 contracts

Samples: Security Agreement (MBW Foods Inc), Credit Agreement (Aurora Foods Inc)

Litigation or Other Proceedings. (a) promptly upon any Responsible Officer officer of Company obtaining knowledge of (X) the institution of, or non-frivolous threat of, any action, suit, proceeding (whether administrative, judicial or otherwise), governmental investigation or arbitration against or affecting Company or any of its Subsidiaries or any property of Company or any of its Subsidiaries (collectively, "Proceedings") not previously disclosed in writing by Company to Lenders or (Y) Administrative Agent any material development in any Proceeding that, in any case of (X) or of (Y):case:

Appears in 2 contracts

Samples: Security Agreement (Aurora Foods Inc /Md/), Credit Agreement (Aurora Foods Inc /De/)

Litigation or Other Proceedings. (a) promptly upon any Responsible Officer obtaining actual knowledge of (Xx) the institution of, or non-frivolous written threat of, any action, suit, proceeding (whether administrative, judicial or otherwise), Environmental Claim, governmental investigation or arbitration against or affecting Company or any of its Subsidiaries Loan Party or any property of Company or any of its Subsidiaries Loan Party (collectively, "Proceedings") not previously disclosed in writing by Company Holdings or the Borrowers to the Lenders or (Yy) any material development in any Proceeding that, in any case of (X) or of (Y):case:

Appears in 2 contracts

Samples: Credit Agreement (FX Real Estate & Entertainment Inc.), Credit Agreement (FX Real Estate & Entertainment Inc.)

Litigation or Other Proceedings. (a) promptly upon any Responsible Officer officer of Company obtaining knowledge of (X) the institution of, or non-frivolous threat of, any action, suit, proceeding (whether administrative, judicial or otherwise), governmental investigation or arbitration against or affecting Company or any of its Subsidiaries or any property of Company or any of its Subsidiaries (collectively, "Proceedings") not previously disclosed in writing by Company to Lenders or (Y) any material development in any Proceeding that, in any case of set forth in clause (Xx) or of (Yy):

Appears in 1 contract

Samples: Credit Agreement (Autotote Corp)

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

Appears in 1 contract

Samples: Credit Agreement (Petco Animal Supplies Inc)

Litigation or Other Proceedings. (a) promptly upon any Responsible Officer of Company obtaining knowledge of (Xx) the institution of, or non-frivolous threat of, any action, suit, proceeding (whether administrative, judicial or otherwise), governmental investigation or arbitration against or affecting Company or any of its Subsidiaries or any property of Company or any of its Subsidiaries (collectively, "Proceedings") not previously disclosed in writing by Company to Lenders or (Yy) any material development in any Proceeding that, in any case of (X) or of (Y):case:

Appears in 1 contract

Samples: Credit Agreement (Urs Corp /New/)

Litigation or Other Proceedings. (a) promptly upon any Responsible Officer officer of Company obtaining knowledge of (X) the institution of, or non-frivolous threat of, any action, suit, proceeding (whether administrative, judicial or otherwise), governmental investigation or arbitration against or affecting Company or any of its Subsidiaries or any property of Company or any of its Subsidiaries (collectively, "``Proceedings"'') not previously disclosed in writing by Company to Lenders or (Y) any material development in any Proceeding that, in any case of (X) or of (Y):case:

Appears in 1 contract

Samples: Credit Agreement (Granite Broadcasting Corp)

Litigation or Other Proceedings. (a) promptly upon any Responsible Officer officer of Company obtaining knowledge of (X) the institution of, or non-frivolous threat of, any action, suit, proceeding (whether administrative, judicial or otherwise), governmental investigation or arbitration against or affecting Company or any of its Subsidiaries or any property of Company or any of its Subsidiaries (collectively, "Proceedings") not previously disclosed in writing by Company to Lenders or (Y) any material development in any Proceeding that, in any case of (X) or of (Y):case:

Appears in 1 contract

Samples: Senior Subordinated Loan Agreement (Falcon Financial Investment Trust)

Litigation or Other Proceedings. (a) promptly upon any Responsible Officer of Company obtaining knowledge of (X1) the institution of, or non-frivolous threat of, any non-frivolous action, suit, proceeding (whether administrative, judicial or otherwise), governmental investigation or arbitration against or affecting Company or any of its Subsidiaries or any property of Company or any of its Subsidiaries (collectively, "ProceedingsPROCEEDINGS") not previously disclosed in writing by Company to Lenders or (Y2) any material development in any Proceeding that, in any case of (X) or of (Y):case:

Appears in 1 contract

Samples: Term Loan Agreement (Loews Cineplex Entertainment Corp)

Litigation or Other Proceedings. (a) promptly upon any Responsible Officer officer of Company obtaining knowledge of (X) the institution of, or non-frivolous threat of, any action, suit, proceeding (whether administrative, judicial or otherwise), governmental investigation or arbitration against or affecting Company or any of its Subsidiaries or any property of Company or any of its Subsidiaries (collectively, "Proceedings") not previously disclosed in writing by Company to Lenders or (Y) any material development in any Proceeding that, in any the case of either clause (X) or of (Y):

Appears in 1 contract

Samples: Credit Agreement (Regency Health Services Inc)

Litigation or Other Proceedings. (a) promptly upon any Responsible Officer officer of Company obtaining knowledge of (X) the institution of, or non-frivolous threat of, REVOLVING LOAN CREDIT AGREEMENT EXECUTION 99 107 any action, suit, proceeding (whether administrative, judicial or otherwise), governmental investigation or arbitration against or affecting Company or any of its Subsidiaries or any property of Company or any of its Subsidiaries (collectively, "Proceedings") not previously disclosed in writing by Company to Lenders or (Y) any material development in any Proceeding that, in any case of (X) or of (Y):case:

Appears in 1 contract

Samples: Credit Agreement (JCS Realty Corp)

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

Appears in 1 contract

Samples: Credit Agreement (DMW Worldwide Inc)

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Litigation or Other Proceedings. (a) promptly upon any Responsible Officer officer of Company obtaining knowledge of (X) the institution of, or non-frivolous overt threat of, any action, suit, proceeding (whether administrative, judicial or otherwise), governmental investigation or arbitration against or affecting Company or any of its Subsidiaries or any property of Company or any of its Subsidiaries (collectively, "Proceedings") not previously disclosed in writing by Company to Lenders or (Y) any material development in any Proceeding that, in any case of (X) or of (Y):case:

Appears in 1 contract

Samples: Security Agreement (Arterial Vascular Engineering Inc)

Litigation or Other Proceedings. (a) promptly upon any Responsible Officer officer of Company obtaining knowledge of (X) the institution of, or non-frivolous threat of, any action, suit, proceeding (whether administrative, judicial or otherwise), governmental investigation or arbitration against or affecting Company or any of its Subsidiaries or any property of Company or any of its Subsidiaries (collectively, "ProceedingsPROCEEDINGS") not previously disclosed in writing by Company to Lenders or (Y) Chase Co- Administrative Agent any material development in any Proceeding that, in any case of (X) or of (Y):case:

Appears in 1 contract

Samples: Credit Agreement (Sherman Acquisition Corp)

Litigation or Other Proceedings. (a) promptly upon any Responsible Officer officer of Company obtaining knowledge of (X) the institution of, or non-frivolous threat of, any action, suit, proceeding (whether administrative, judicial or otherwise), governmental investigation or arbitration against or affecting Company or any of its Subsidiaries or any property of Company or any of its Subsidiaries (collectively, "ProceedingsPROCEEDINGS") not previously disclosed in writing by Company to Lenders or (Y) any material development in any Proceeding that, in any case of (X) or of (Y):not

Appears in 1 contract

Samples: Security Agreement (Horseshoe Gaming Holding Corp)

Litigation or Other Proceedings. (a) promptly upon any Responsible Officer officer ------------------------------- of Company obtaining knowledge of (X) the institution of, or non-frivolous threat of, any action, suit, proceeding (whether administrative, judicial or otherwise), governmental investigation or arbitration against or affecting Company or any of its Subsidiaries or any property of Company or any of its Subsidiaries (collectively, "Proceedings") not previously disclosed in writing by Company to Lenders or (Y) any material development in any Proceeding that, in any case of (X) or of (Y):case:

Appears in 1 contract

Samples: Credit Agreement (Isle of Capri Casinos Inc)

Litigation or Other Proceedings. (a) promptly upon any Responsible Officer officer of Company obtaining knowledge of (X) the institution of, or non-frivolous threat of, any non-frivolous action, suit, proceeding (whether administrative, judicial or otherwise), governmental investigation or arbitration against or affecting Company or any of its Subsidiaries or any property of Company or any of its Subsidiaries (collectively, "ProceedingsPROCEEDINGS") not previously disclosed in writing by Company to Lenders or (Y) any material development in any Proceeding that, in any case of (X) or of (Y):case:

Appears in 1 contract

Samples: Credit Agreement (FWT Inc)

Litigation or Other Proceedings. (a) promptly upon any Responsible Officer officer of any Borrower obtaining knowledge of (X) the institution of, or non-non- frivolous threat of, any action, suit, proceeding (whether administrative, judicial or otherwise), governmental investigation or arbitration against or affecting Company or any of its Subsidiaries or any property of Company or any of its Subsidiaries (collectively, 113 "Proceedings") not previously disclosed in writing by Company to Lenders or (Y) any material development in any Proceeding that, in any case of (X) or of (Y):case:

Appears in 1 contract

Samples: Credit Agreement (Hines Holdings Inc)

Litigation or Other Proceedings. (a) promptly upon any Responsible Officer officer of Company obtaining knowledge of (X) the institution of, or non-frivolous threat of, any action, suit, proceeding (whether administrative, judicial or otherwise), governmental investigation or arbitration against or affecting Company or any of its Subsidiaries or any property of Company or of any of its Subsidiaries (collectively, "ProceedingsPROCEEDINGS") not previously disclosed in writing by Company to Lenders or (Y) any material development in any Proceeding that, in any case of (X) or of (Y):case:

Appears in 1 contract

Samples: Credit Agreement (Northstar Health Services Inc)

Litigation or Other Proceedings. (a) promptly upon any Responsible Officer officer of Company obtaining knowledge of (X) the institution of, or non-non- frivolous threat of, any action, suit, proceeding (whether administrative, judicial or otherwise), governmental investigation or arbitration against or affecting Company or any of its Subsidiaries or any property of Company or any of its Subsidiaries (collectively, "ProceedingsPROCEEDINGS") not previously disclosed in writing by Company to Lenders or (Y) Chase Co-Administrative Agent any material development in any Proceeding that, in any case of (X) or of (Y):case:

Appears in 1 contract

Samples: Credit Agreement (Account Portfolios Gp Inc)

Litigation or Other Proceedings. (a) promptly upon any Responsible Officer officer of ------------------------------- Company obtaining knowledge of (X) the institution of, or non-frivolous threat of, any action, suit, proceeding (whether administrative, judicial or otherwise), governmental investigation or arbitration against or affecting Company or any of its Subsidiaries or any property of Company or any of its Subsidiaries (collectively, "Proceedings"``PROCEEDINGS'') not previously disclosed in writing by Company to Lenders or (Y) any material development in any Proceeding that, in any case of (X) or of (Y):case:

Appears in 1 contract

Samples: Credit Agreement (Granite Broadcasting Corp)

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