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 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, written notice of the nature and extent of such litigation or proceeding.

Appears in 2 contracts

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

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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 or Company, any of its Subsidiaries or any of their respective assets that could reasonably be expected to have a material adverse effect on the CompanyCompany or any of the Subsidiaries, written notice of the nature and extent of such litigation or proceeding.

Appears in 2 contracts

Samples: Redeemable Preferred Stock Purchase Agreement (It Partners Inc), Redeemable Preferred Stock Purchase Agreement (It Partners 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 or 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 adverse effect on the CompanyMaterial Adverse Effect, written notice of the nature and extent of such litigation or proceeding.

Appears in 2 contracts

Samples: Employment 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 or any of its Subsidiaries or any of their respective assets that could reasonably be expected to have a material adverse effect on the Companyeffect, 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 twenty (1020) days after the Company ------------------- learns of the commencement or written threat of commencement of any litigation or proceeding against the Company or 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 adverse effect on the Companyeffect, written notice of the nature and extent of such litigation or proceeding.

Appears in 1 contract

Samples: 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 or any of its Subsidiaries or any of their respective assets that could reasonably would likely be expected to have a material adverse effect on the CompanyMaterial Adverse Effect, written notice of the nature and extent of such litigation or proceeding.

Appears in 1 contract

Samples: Execution Copy (Concorde Career Colleges Inc)

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 or any of its Subsidiaries or any of their respective assets that could reasonably would likely be expected to have a material adverse effect on the CompanyMaterial Adverse Effect, written notice of the nature and extent of such litigation or proceeding.

Appears in 1 contract

Samples: Stock Purchase Agreement (Cahill Edward L)

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 or any of its Subsidiaries or any of their respective assets that could reasonably be expected to have a material adverse effect on the CompanyCompany and 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)

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, any of its subsidiaries or any of its Subsidiaries the Partnerships or any of their respective assets that could reasonably be expected to have a material adverse effect on the CompanyMaterial 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)

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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 or 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 adverse effect on the CompanyMaterial 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 or any of its Subsidiaries subsidiaries or any of their respective assets that could reasonably be expected to have a material adverse effect on the Companyeffect, written notice of the nature and extent of such litigation or proceeding.

Appears in 1 contract

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

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 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, 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 (10) days after ------------------- the Company learns of the commencement or receives a written threat of commencement of any litigation or proceeding against the 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 CompanyCompany and 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 (Touchstone Applied Science Associates Inc /Ny/)

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 or Company, any of its Subsidiaries subsidiaries or any of their respective assets that could reasonably be expected to have a material adverse effect on the CompanyMaterial Adverse Effect, written notice of the nature and extent of such litigation or proceeding.

Appears in 1 contract

Samples: Exchange Agreement (Kennedy Wilson Inc)

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