Common use of Litigation or Other Proceedings Clause in Contracts

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

Appears in 3 contracts

Samples: Credit Agreement (Las Vegas Sands Inc), Credit Agreement (Grand Canal Shops Mall Construction LLC), Credit Agreement (Las Vegas Sands Inc)

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

Appears in 3 contracts

Samples: Credit Agreement (Winsloew Furniture Inc), Credit Agreement (Winsloew Furniture Inc), Credit Agreement (Directed Electronics, Inc.)

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

Appears in 2 contracts

Samples: Construction Loan Agreement (Las Vegas Sands Inc), Construction Loan Agreement (Las Vegas Sands Corp)

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

Appears in 1 contract

Samples: Credit Agreement (Grand Canal Shops Mall Construction LLC)

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

Appears in 1 contract

Samples: Credit Agreement (Las Vegas Sands Inc)

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

Appears in 1 contract

Samples: Credit Agreement (Bristol Hotels & Resorts Inc)

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

Appears in 1 contract

Samples: Credit Agreement (Behringer Harvard Opportunity REIT I, Inc.)

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

Appears in 1 contract

Samples: Credit Agreement (La Quinta Properties Inc)

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

Appears in 1 contract

Samples: Credit Agreement (Directed Electronics, Inc.)

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