Common use of Litigation or Other Proceedings Clause in Contracts

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

Appears in 3 contracts

Samples: Security Agreement (Isle of Capri Casinos Inc), Credit Agreement (Isle of Capri Casinos Inc), Credit Agreement (Joy Global Inc)

AutoNDA by SimpleDocs

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

Appears in 2 contracts

Samples: Credit Agreement (Atlas Air Inc), Credit Agreement (Atlas Air Inc)

Litigation or Other Proceedings. (a) promptly upon any Officer officer of Borrower obtaining knowledge of (X1) the institution of, or non-frivolous threat of, any Proceeding against or affecting Borrower or any of its Subsidiaries or any property of Borrower or any of its Subsidiaries not previously disclosed in writing by Borrower to Lenders or (Y2) any material development in any Proceeding that, in any case:

Appears in 2 contracts

Samples: Credit Agreement (Isle of Capri Casinos Inc), Credit Agreement (Isle of Capri Casinos Inc)

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

Appears in 2 contracts

Samples: Credit Agreement (Isle of Capri Casinos Inc), Credit Agreement (Isle of Capri Casinos Inc)

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

Appears in 1 contract

Samples: Credit Agreement (Hartmarx Corp/De)

Litigation or Other Proceedings. (a) promptly upon any Officer officer of a Borrower obtaining knowledge of (X1) the institution of, or non-frivolous threat of, any Proceeding against or affecting a Borrower or any of its Restricted Subsidiaries or any property of Borrower a Borrowers or any of its Restricted Subsidiaries not previously disclosed in writing by Borrower Borrowers to DIP Lenders or (Y2) any material development in any Proceeding that, in any case:

Appears in 1 contract

Samples: Farmland Industries Inc

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

Appears in 1 contract

Samples: Credit Agreement (Joy Global Inc)

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

Appears in 1 contract

Samples: Credit Agreement (Atlas Air Inc)

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

Appears in 1 contract

Samples: Credit Agreement (Thoratec Corp)

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

Appears in 1 contract

Samples: Credit Agreement (Grand Palais Riverboat Inc)

AutoNDA by SimpleDocs

Litigation or Other Proceedings. (a) promptly upon any Officer of Borrower obtaining knowledge of (Xa) the institution of, or non-frivolous threat of, any Proceeding against or affecting Borrower or any of its Subsidiaries or any property of Borrower or any of its Subsidiaries not previously disclosed in writing by Borrower to Lenders or (Yb) 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 officer of Borrower Borrowers obtaining knowledge of (X1) the institution of, or non-frivolous threat of, any Proceeding against or affecting Borrower Borrowers or any of its their Restricted Subsidiaries or any property of Borrower Borrowers or any of its their Restricted Subsidiaries not previously disclosed in writing by Borrower Borrowers to Lenders or (Y2) 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 officer of Borrower obtaining knowledge of (X) the institution of, or non-frivolous threat of, any Proceeding against or affecting Borrower or any of its Subsidiaries or any property of Borrower or any of its Subsidiaries not previously disclosed in writing by Borrower to Lenders or (Y) 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)

Litigation or Other Proceedings. (a) promptly upon any Officer officer of Borrower obtaining knowledge of (X1) the institution of, or non-frivolous threat of, any Proceeding against or affecting Borrower or any of its Subsidiaries or any property of Borrower or any of its Subsidiaries such Person not previously disclosed in writing by Borrower to the Lenders or (Y2) any material development in any Proceeding that, in any case:case of (1) or (2):

Appears in 1 contract

Samples: Credit Agreement (Courtside Acquisition Corp)

Litigation or Other Proceedings. (a) promptly upon any Officer of Borrower obtaining knowledge of (X1) the institution of, or non-frivolous threat of, any Proceeding against or affecting Borrower or any of its Subsidiaries or any property of Borrower or any of its Subsidiaries not previously disclosed in writing by Borrower to Lenders or (Y2) any material development in any Proceeding that, in any case:

Appears in 1 contract

Samples: Credit Agreement (Newmarket Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.