Litigation or Other Proceedings. (a) promptly upon any officer of Lessee 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 Lessee or any of its Subsidiaries or any property of Lessee or any of its Subsidiaries (collectively, "Proceedings") not previously disclosed in writing by Lessee to Lessor and Lenders or (Y) any material development in any Proceeding that, in any case:
Appears in 7 contracts
Samples: Lease Agreement (Atlas Air Inc), Lease Agreement (Atlas Air Inc), Lease Agreement (Atlas Air Inc)
Litigation or Other Proceedings. (a) promptly upon any officer of the Lessee 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 the Lessee or any of its Subsidiaries or any property of the Lessee or any of its Subsidiaries (collectively, "ProceedingsPROCEEDINGS") not previously disclosed in writing by the Lessee to the Lessor and the Lenders or (Y) any material development in any Proceeding that, in any case:
Appears in 2 contracts
Samples: Lease Agreement (Atlas Air Inc), Lease Agreement (Atlas Air Worldwide Holdings Inc)
Litigation or Other Proceedings. (a) promptly upon any officer of Lessee 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 Lessee or any of its Subsidiaries or any property of Lessee or any of its Subsidiaries (collectively, "ProceedingsPROCEEDINGS") -34- 39 not previously disclosed in writing by Lessee to Lessor and Lenders or (Y) any material development in any Proceeding that, in any case:
Appears in 1 contract
Samples: Lease Agreement (Atlas Air Inc)
Litigation or Other Proceedings. (a) promptly upon any officer of the Lessee 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 the Lessee or any of its Subsidiaries or any property of the Lessee or any of its Subsidiaries (collectively, "Proceedings") not previously disclosed in writing by the Lessee to the Lessor and the Lenders or (Y) any material development in any Proceeding that, in any case:
Appears in 1 contract
Samples: Lease Agreement (Atlas Air Inc)
Litigation or Other Proceedings. (a) promptly upon any officer of Lessee 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 Lessee or any of its Subsidiaries or any property of Lessee or any of its Subsidiaries (collectively, "Proceedings") not previously previ- ously disclosed in writing by Lessee to Lessor and Lenders or (Y) any material development in any Proceeding that, in any case:
Appears in 1 contract
Samples: Lease Agreement (Atlas Air Inc)