Common use of Material Litigation Clause in Contracts

Material Litigation. Within ten (10) days after the Company learns of the commencement or written threat of commencement of any litigation or proceeding against the Company, any of its Subsidiaries or any of their respective assets that could reasonably be expected to have a material effect on the Company or any of the Subsidiaries, written notice of the nature and extent of such litigation or proceeding.

Appears in 2 contracts

Samples: 12% Series C Senior Redeemable Preferred Stock Purchase Agreement (It Partners Inc), 12% Series C Senior Redeemable Preferred Stock Purchase Agreement (It Partners Inc)

AutoNDA by SimpleDocs

Material Litigation. Within ten (10) days after the Company learns of the commencement or written threat of commencement of any litigation or proceeding against the Company, Company or any of its Subsidiaries or any of their respective assets that could reasonably be expected to have a material adverse effect on the Company or any of the SubsidiariesCompany, written notice of the nature and extent of such litigation or proceeding.

Appears in 2 contracts

Samples: Stockholders' Agreement (Vantas Inc), Stockholders' Agreement (Reckson Services Industries Inc)

Material Litigation. Within ten twenty (1020) days after the Company learns of the commencement or written threat of commencement of any litigation or proceeding against the Company, any of its Subsidiaries or any of the Partnerships or any of their respective assets that could reasonably be expected to have a material effect on the Company or any of the SubsidiariesMaterial Adverse Effect, written notice of the nature and extent of such litigation or proceeding.

Appears in 2 contracts

Samples: Preferred Stock Purchase Agreement (Jacobs Jay Inc), Securities Purchase Agreement (Jacobs Jay Inc)

Material Litigation. Within ten twenty (1020) days after the Company learns of the commencement or written threat of commencement of any litigation or proceeding against the Company, Company or any of its Subsidiaries or any of their respective assets that could reasonably be expected to have a material effect on the Company or any of the Subsidiarieseffect, written notice of the nature and extent of such litigation or proceeding.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Energy Partners LTD)

Material Litigation. Within ten (10) days after the Company learns of the commencement or written threat of commencement of any litigation or proceeding against the Company, Company or any of its Subsidiaries or any of their respective assets that could reasonably would likely be expected to have a material effect on the Company or any of the SubsidiariesMaterial Adverse Effect, written notice of the nature and extent of such litigation or proceeding.

Appears in 1 contract

Samples: Convertible Preferred Stock Purchase Agreement (Cahill Edward L)

Material Litigation. Within ten twenty (1020) days after the Company learns of the commencement or written threat of commencement of any litigation or proceeding against the Company, any of its Subsidiaries subsidiaries or any of their respective assets that could reasonably be expected to have a material effect on the Company or any of the SubsidiariesMaterial Adverse Effect, written notice of the nature and extent of such litigation or proceeding.

Appears in 1 contract

Samples: Exchange Agreement (Kennedy Wilson Inc)

Material Litigation. Within ten twenty (1020) days after the Company learns of ------------------- the commencement or written threat of commencement of any litigation or proceeding against the Company, any of its Subsidiaries or any of the Partnerships or any of their respective assets that could reasonably be expected to have a material effect on the Company or any of the SubsidiariesMaterial Adverse Effect, written notice of the nature and extent of such litigation or proceeding.

Appears in 1 contract

Samples: Securities Purchase Agreement (Cahill Edward L)

Material Litigation. Within ten twenty (1020) days after the Company learns of the commencement or written threat of commencement of any litigation or proceeding against the Company, Company or any of its Subsidiaries subsidiaries or any of their respective assets that could reasonably be expected to have a material effect on the Company or any of the Subsidiarieseffect, written notice of the nature and extent of such litigation or proceeding.

Appears in 1 contract

Samples: Securities Purchase Agreement (Medplus Inc /Oh/)

AutoNDA by SimpleDocs

Material Litigation. Within ten (10) days after the -------------------- Company learns of the commencement or written threat of commencement of any litigation or proceeding against the Company, Company or any of its Subsidiaries or any of their respective assets that could reasonably be expected to have a material adverse effect on the Company or any of the SubsidiariesCompany, written notice of the nature and extent of such litigation or proceeding.

Appears in 1 contract

Samples: Stockholders' Agreement (Reckson Services Industries Inc)

Material Litigation. Within ten twenty (1020) days after the Company learns of the commencement or written threat of commencement of any litigation or proceeding against the Company, any of its Subsidiaries subsidiaries or any of the Partnerships or any of their respective assets that could reasonably be expected to have a material effect on the Company or any of the SubsidiariesMaterial Adverse Effect, written notice of the nature and extent of such litigation or proceeding.

Appears in 1 contract

Samples: Convertible Debenture Purchase Agreement (Kennedy Wilson Inc)

Material Litigation. Within ten twenty (1020) days after the Company ------------------- learns of the commencement or written threat of commencement of any litigation or proceeding against the Company, any of its Subsidiaries or any of the Partnerships or any of their respective assets that could reasonably be expected to have a material effect on the Company or any of the Subsidiarieseffect, written notice of the nature and extent of such litigation or proceeding.

Appears in 1 contract

Samples: Series B Convertible Preferred and Series C Preferred Stock Purchase Agreement (Cahill Edward L)

Material Litigation. Within ten (10) days after the Company ------------------- learns of the commencement or written threat of commencement of any litigation or proceeding against the Company, Company or any of its Subsidiaries or any of their respective assets that could reasonably would likely be expected to have a material effect on the Company or any of the SubsidiariesMaterial Adverse Effect, written notice of the nature and extent of such litigation or proceeding.

Appears in 1 contract

Samples: Convertible Preferred Stock Purchase Agreement (Concorde Career Colleges Inc)

Material Litigation. Within ten (10) days after the Company ------------------- learns of the commencement or receives a written threat of commencement of any litigation or proceeding against the Company, Company or any of its Subsidiaries or any of their respective assets that could reasonably be expected to have a material adverse effect on the Company or any of the Subsidiariesand its Subsidiaries taken as a whole, written notice of the nature and extent of such litigation or proceeding.

Appears in 1 contract

Samples: Investor Rights Agreement (Cahill Edward L)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!