Common use of Notice of Litigation and Judgments Clause in Contracts

Notice of Litigation and Judgments. Each of the Borrowers will, and will cause each of its Subsidiaries to, give notice to the Administrative Agent in writing within fifteen (15) days of becoming aware of (i) any litigation or proceedings threatened in writing or any pending litigation and proceedings, or (ii) any violation of any Environmental Law that any of the Borrowers or any of their Subsidiaries reports in writing or is reportable by such Person in writing (or for which any written report supplemental to any oral report is made) to any Governmental Authority affecting any of the Borrowers or any of their Subsidiaries, or (iii) any event in which any of the Borrowers or any of their Subsidiaries is or becomes a party involving an uninsured claim against any of the Borrowers or any of their Subsidiaries provided that such matters referred to in clauses (i), (ii), or (iii) above could reasonably be expected to have a Material Adverse Effect on any of the Borrowers or any of their Subsidiaries, taken as a whole. Such notices shall state the nature and status of such litigation, proceedings, violation or event. Each of the Borrowers will, and will cause each of its Subsidiaries to, give notice to the Administrative Agent, in writing, in form and detail satisfactory to the Administrative Agent, within ten (10) days of any judgment not covered by insurance, final or otherwise, against any of the Borrowers or any of their Subsidiaries in an amount in excess of $5,000,000.

Appears in 3 contracts

Samples: Credit Agreement (Barnes Group Inc), Senior Unsecured Revolving Credit Agreement (Barnes Group Inc), Senior Unsecured Revolving Credit Agreement (Barnes Group Inc)

AutoNDA by SimpleDocs

Notice of Litigation and Judgments. Each of the Borrowers will, and will cause each of its Subsidiaries to, give notice to the Administrative Agent in writing within fifteen (15) days of becoming aware of (i) any litigation or proceedings threatened in writing or any pending litigation and proceedings, or (ii) any violation of any Environmental Law that any of the Borrowers or any of their Subsidiaries reports in writing or is reportable by such Person in writing (or for which any written report supplemental to any oral report is made) to any Governmental Authority affecting any of the Borrowers or any of their Subsidiaries, or (iii) any event in which any of the Borrowers or any of their Subsidiaries is or becomes a party involving an uninsured claim against any of the Borrowers or any of their Subsidiaries provided that such matters referred to in clauses (i), (ii), or (iii) above could reasonably be expected to have a Material Adverse Effect on any of the Borrowers or any of their Subsidiaries, taken as a whole. Such notices shall state the nature and status of such litigation, proceedings, violation or event. Each of the Borrowers will, and will cause each of its Subsidiaries to, give notice to the Administrative Agent, in writing, in form and detail satisfactory to the Administrative Agent, within ten (10) days of any judgment not covered by insurance, final or otherwise, against any of the Borrowers or any of their Subsidiaries in an amount in excess of $5,000,00020,000,000.

Appears in 3 contracts

Samples: Credit Agreement (Barnes Group Inc), Credit Agreement (Barnes Group Inc), Senior Unsecured Revolving Credit Agreement (Barnes Group Inc)

Notice of Litigation and Judgments. CML and each of the Borrowers will, and will cause each of their Subsidiaries to, give notice to the Administrative Agent and each of the Lenders in writing within fifteen (15) days of becoming aware of any litigation or proceedings threatened in writing or any pending litigation and proceedings affecting CML, any of the Borrowers or any of their Subsidiaries or to which CML, any of the Borrower or any of their Subsidiaries is or becomes a party involving an uninsured claim against CML, any of the Borrowers or any of their Subsidiaries that could reasonably be expected to have a materially adverse effect on CML, any of the Borrowers or any of their Subsidiaries and stating the nature and status of such litigation or proceedings. Each of CML and each of the Borrowers will, and will cause each of its Subsidiaries to, give notice to the Administrative Agent in writing within fifteen (15) days of becoming aware of (i) any litigation or proceedings threatened in writing or any pending litigation and proceedings, or (ii) any violation of any Environmental Law that any each of the Borrowers or any of their Subsidiaries reports in writing or is reportable by such Person in writing (or for which any written report supplemental to any oral report is made) to any Governmental Authority affecting any of the Borrowers or any of their Subsidiaries, or (iii) any event in which any of the Borrowers or any of their Subsidiaries is or becomes a party involving an uninsured claim against any of the Borrowers or any of their Subsidiaries provided that such matters referred to in clauses (i), (ii), or (iii) above could reasonably be expected to have a Material Adverse Effect on any of the Borrowers or any of their Subsidiaries, taken as a whole. Such notices shall state the nature and status of such litigation, proceedings, violation or event. Each of the Borrowers will, and will cause each of its Subsidiaries to, give notice to the Administrative AgentLenders, in writing, in form and detail satisfactory to the Administrative Agent, within ten (10) days of any judgment not covered by insurance, final or otherwise, against CML, any of the Borrowers or any of their Subsidiaries in an amount in excess of $5,000,0001,000,000.

Appears in 1 contract

Samples: Revolving Credit Agreement (CML Group Inc)

Notice of Litigation and Judgments. Each of the Borrowers The Borrower will, and will cause each of its Subsidiaries to, give notice to the Administrative Agent in writing within fifteen (15) days of becoming aware of (i) any litigation or proceedings threatened in writing or any pending litigation and proceedings, or (ii) any violation of any Environmental Law that any of the Borrowers Borrower or any of their its Subsidiaries reports in writing or is reportable by such Person in writing (or for which any written report supplemental to any oral report is made) to any Governmental Authority affecting any of the Borrowers Borrower or any of their its Subsidiaries, or (iii) any event in which any of the Borrowers Borrower or any of their its Subsidiaries is or becomes a party involving an uninsured claim against any of the Borrowers Borrower or any of their its Subsidiaries provided that such matters referred to in clauses (i), (ii), or (iii) above could reasonably be expected to have a Material Adverse Effect on any of the Borrowers Borrower or any of their its Subsidiaries, taken as a whole. Such notices shall state the nature and status of such litigation, proceedings, violation or event. Each of the Borrowers The Borrower will, and will cause each of its Subsidiaries to, give notice to the Administrative Agent, in writing, in form and detail satisfactory to the Administrative Agent, within ten (10) days of any judgment not covered by insurance, final or otherwise, against any of the Borrowers Borrower or any of their its Subsidiaries in an amount in excess of $5,000,000.

Appears in 1 contract

Samples: Senior Unsecured Credit Agreement (Barnes Group Inc)

Notice of Litigation and Judgments. Each of the Borrowers will, and will cause each of its Subsidiaries to, give notice to the Administrative Agent in writing within fifteen (15) days of becoming aware of (i) any litigation or proceedings threatened in writing or any pending litigation and proceedings, or (ii) any violation of any Environmental Law that any of the Borrowers or any of their Subsidiaries reports in writing or is reportable by such Person in writing (or for which any written report supplemental to any oral report is made) to any Governmental Authority affecting any of the Borrowers or any of their Subsidiaries, or (iii) any event in which any of the Borrowers or any of their Subsidiaries is or becomes a party involving an uninsured claim against any of the Borrowers or any of their Subsidiaries provided that such matters referred to in clauses (i), (ii), or (iii) above could reasonably be expected to have a Material Adverse Effect on any of the Borrowers or any of their Subsidiaries, taken as a whole. Such notices shall state the nature and status of such litigation, proceedings, violation or event. Each of the Borrowers will, and will cause each of its Subsidiaries to, give notice to the Administrative Agent, in writing, in form and detail satisfactory to the Administrative Agent, within ten (10) days of any judgment not covered by insurance, final or otherwise, against any of the Borrowers or any of their Subsidiaries in an amount in excess of $5,000,000.

Appears in 1 contract

Samples: Senior Unsecured Revolving Credit Agreement (Barnes Group Inc)

AutoNDA by SimpleDocs

Notice of Litigation and Judgments. Each of the Borrowers The Borrower will, and will cause each of its Subsidiaries to, give notice to the Administrative Agent Agent, with a copy for each of the Lenders, in writing within fifteen (15) days of becoming aware of (i) any litigation or proceedings threatened in writing or any pending litigation and proceedingsproceedings likely to have a Material Adverse Effect, or (ii) any violation of any Environmental Law that any of the Borrowers Borrower or any of their its Subsidiaries reports in writing or is reportable by such Person in writing (or for which any written report supplemental to any oral report is made) to any Governmental Authority affecting any of the Borrowers Borrower or any of their its Subsidiaries, or (iii) any event in which any of the Borrowers Borrower or any of their its Subsidiaries is or becomes a party involving an uninsured claim against any of the Borrowers Borrower or any of their its Subsidiaries provided that such matters in the case of any matter referred to in clauses (i), (ii), or (iii) above above, could reasonably be expected to have a Material Adverse Effect on any of the Borrowers Borrower or any of their Subsidiaries, taken as a whole. Such notices shall state its Subsidiaries and stating the nature and status of such litigation, proceedings, violation or event. Each of the Borrowers The Borrower will, and will cause each of its Subsidiaries to, give notice to the Administrative Agent, with a copy for each of the Lenders, in writing, in form and detail satisfactory to the Administrative Agent, within ten (10) days of any judgment not covered by insurance, final or otherwise, against any of the Borrowers Borrower or any of their its Subsidiaries in an amount in excess of $5,000,000. The Administrative Agent will promptly deliver to each Lender copies of all notices and other information received pursuant to this §8.5.

Appears in 1 contract

Samples: Senior Unsecured Revolving Credit Agreement (Barnes Group Inc)

Notice of Litigation and Judgments. CML and each of the Borrowers will, and will cause each of their Subsidiaries to, give notice to the Administrative Agent and each of the Lenders in writing within fifteen (15) days of becoming aware of any litigation or proceedings threatened in writing or any pending litigation and proceedings affecting CML, any of the Borrowers or any of their Subsidiaries or to which CML, any of the Borrower or any of their Subsidiaries is or becomes a party involving an uninsured claim against CML, any of the Borrowers or any of their Subsidiaries that could reasonably be expected to have a materially adverse effect on CML, any of the Borrowers or any of their Subsidiaries and stating the nature and status of such litigation or proceedings. Each of CML and each of the Borrowers will, and will cause each of its Subsidiaries to, give notice to the Administrative Agent in writing within fifteen (15) days of becoming aware of (i) any litigation or proceedings threatened in writing or any pending litigation and proceedings, or (ii) any violation of any Environmental Law that any each of the Borrowers or any of their Subsidiaries reports in writing or is reportable by such Person in writing (or for which any written report supplemental to any oral report is made) to any Governmental Authority affecting any of the Borrowers or any of their Subsidiaries, or (iii) any event in which any of the Borrowers or any of their Subsidiaries is or becomes a party involving an uninsured claim against any of the Borrowers or any of their Subsidiaries provided that such matters referred to in clauses (i), (ii), or (iii) above could reasonably be expected to have a Material Adverse Effect on any of the Borrowers or any of their Subsidiaries, taken as a whole. Such notices shall state the nature and status of such litigation, proceedings, violation or event. Each of the Borrowers will, and will cause each of its Subsidiaries to, give notice to the Administrative AgentLenders, in writing, in form and detail satisfactory to the Administrative Agent, within ten (10) 58 days of any judgment not covered by insurance, final or otherwise, against CML, any of the Borrowers or any of their Subsidiaries in an amount in excess of $5,000,0001,000,000.

Appears in 1 contract

Samples: Revolving Credit Agreement (CML Group Inc)

Notice of Litigation and Judgments. Each of the Borrowers The Borrower will, and will cause each of its Subsidiaries to, give notice to the Administrative Agent Agent, with a copy for each of the Lenders, in writing within fifteen (15) days of becoming aware of (i) any litigation or proceedings threatened in writing or any pending litigation and proceedingsproceedings likely to have a Material Adverse Effect, or (ii) any violation of any Environmental Law that any of the Borrowers Borrower or any of their its Subsidiaries reports in writing or is reportable by such Person in writing (or for which any written report supplemental to any oral report is made) to any Governmental Authority affecting any of the Borrowers Borrower or any of their its Subsidiaries, or (iii) any event in which any of the Borrowers Borrower or any of their its Subsidiaries is or becomes a party involving an uninsured claim against any of the Borrowers Borrower or any of their its Subsidiaries provided that such matters in the case of any matter referred to in clauses (i), (ii), or (iii) above above, could reasonably be expected to have a Material Adverse Effect on any of the Borrowers Borrower or any of their Subsidiaries, taken as a whole. Such notices shall state its Subsidiaries and stating the nature and status of such litigation, proceedings, violation or event. Each of the Borrowers The Borrower will, and will cause each of its Subsidiaries to, give notice to the Administrative Agent, with a copy for each of the Lenders, in writing, in form and detail satisfactory to the Administrative Agent, within ten (10) days of any judgment not covered by insurance, final or otherwise, against any of the Borrowers Borrower or any of their its Subsidiaries in an amount in excess of $5,000,000. The Administrative Agent will promptly deliver to each Lender copies of all notices and other information received pursuant to this (S)8.5.

Appears in 1 contract

Samples: Senior Unsecured Revolving Credit Agreement (Barnes Group Inc)

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