Notice of Litigation and Judgments. The Borrower will, and will cause each of its 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 the Parent, the Borrower or any of the Subsidiaries or to which any such Person is or becomes a party involving an uninsured claim against any such Person that could reasonably be expected to have a Material Adverse Effect and stating the nature and status of such litigation or proceedings. The Borrower will, and will cause each of its Subsidiaries to, give notice to the Administrative Agent and each of the Lenders, in writing, in form and detail reasonably satisfactory to the Administrative Agent, within ten (10) days of any judgment not covered by insurance, final or otherwise, against the Parent, the Borrower or any of the Subsidiaries in an amount in excess of $5,000,000.
Appears in 5 contracts
Samples: Revolving Credit and Term Loan Agreement (Emmis Communications Corp), Revolving Credit and Term Loan Agreement (Emmis Communications Corp), Revolving Credit and Term Loan Agreement (Emmis Communications Corp)
Notice of Litigation and Judgments. The Borrower will, and will cause each of its Subsidiaries to, give notice to the Administrative Agent and each of the Lenders in writing within fifteen thirty (1530) days of becoming aware of any litigation or proceedings threatened in writing or any pending litigation and proceedings affecting the Parent, Borrower or any of its Subsidiaries or to which the Borrower or any of the its Subsidiaries or to which any such Person is or becomes a party involving an uninsured claim against the Borrower or any such Person of its Subsidiaries that could reasonably be expected to have a Material Adverse Effect on the Borrower or any of its Subsidiaries and stating the nature and status of such litigation or proceedings. The Borrower will, and will cause each of its Subsidiaries to, give notice to the Administrative Agent and each of the LendersAgent, in writing, in form and detail reasonably satisfactory to the Administrative Agent, within ten (10) days of any final judgment not covered by insurance, final or otherwise, against the Parent, the Borrower or any of the its Subsidiaries in an amount in excess of $5,000,000.
Appears in 5 contracts
Samples: Letter of Credit Reimbursement and Pledge Agreement (Montpelier Re Holdings LTD), Letter of Credit Reimbursement and Pledge Agreement (Montpelier Re Holdings LTD), Letter of Credit Reimbursement and Pledge Agreement (Montpelier Re Holdings LTD)
Notice of Litigation and Judgments. The Borrower Borrowers will, and will cause each of its 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 any of the Parent, the Borrower Borrowers or any of the their Subsidiaries or to which any such Person of the Borrowers or any of their Subsidiaries is or becomes a party involving an uninsured claim against any such Person of the Borrowers or any of their Subsidiaries that could reasonably be expected to have a Material Adverse Effect and stating the nature and status of such litigation or proceedings. The Borrower Borrowers will, and will cause each of its their Subsidiaries to, give notice to the Administrative Agent and each of the LendersAgent, in writing, in form and detail reasonably satisfactory to the Administrative Agent, within ten (10) days of any judgment not covered by insurance, final or otherwise, against any of the Parent, the Borrower Borrowers or any of the their Subsidiaries in an amount in excess of $5,000,0001,000,000.
Appears in 3 contracts
Samples: Credit Agreement (McCormick & Schmicks Seafood Restaurants Inc.), Revolving Credit Agreement (McCormick & Schmicks Seafood Restaurants Inc.), Revolving Credit Agreement (McCormick & Schmicks Seafood Restaurants Inc.)
Notice of Litigation and Judgments. The Borrower Borrowers will, and will cause each of its 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 the Parent, the Borrower Borrowers or any of the their Subsidiaries or to which the Borrowers or any such Person of their Subsidiaries is or becomes a party involving an uninsured claim against the Borrowers or any such Person of their Subsidiaries that could reasonably be expected to have a Material Adverse Effect and stating the nature and status of such litigation or proceedings. The Borrower Borrowers will, and will cause each of its their Subsidiaries to, give notice to the Administrative Agent and each of the Lenders, in writing, in form and detail reasonably satisfactory to the Administrative Agent, within ten (10) days of any judgment not covered by insurance, final or otherwise, against the Parent, the Borrower Borrowers or any of the their Subsidiaries in an amount in excess of $5,000,000750,000.
Appears in 2 contracts
Samples: Revolving Credit, Tranche B Loan and Security Agreement (Mayors Jewelers Inc/De), Revolving Credit, Tranche B Loan and Security Agreement (Mayors Jewelers Inc/De)
Notice of Litigation and Judgments. The Borrower Each Loan Party will, and will cause each of its respective Subsidiaries to, give notice to the Administrative Agent and each of the Lenders in writing within fifteen (15) days of becoming aware of any material litigation or proceedings threatened in writing or any pending litigation and proceedings affecting the Parent, the Borrower any Loan Party or any of the its respective Subsidiaries or to which any such Person Loan Party or any of its respective Subsidiaries is or becomes a party involving an uninsured claim against any such Person Loan Party or any of its respective Subsidiaries that could reasonably be expected to have a Material Adverse Effect on any Loan Party and stating the nature and status of such litigation or proceedings. The Borrower Loan Parties will, and will cause each of its their respective Subsidiaries to, give notice to the Administrative Agent and each of the Lenders, in writing, in form and detail reasonably satisfactory to the Administrative Agent, within ten (10) days of any judgment not covered by insurance, final or otherwise, against the Parent, the Borrower any Loan Party or any of the its respective Subsidiaries in an amount in excess of $5,000,000.
Appears in 2 contracts
Samples: Term Loan Agreement (CAI International, Inc.), Term Loan Agreement (CAI International, Inc.)
Notice of Litigation and Judgments. The Borrower will, and will cause each of its Subsidiaries to, give notice to the Administrative Agent and each of the Lenders Banks in writing within fifteen (15) days of becoming aware of any litigation or proceedings threatened in writing or any pending litigation and proceedings affecting the Parent, Borrower or any of its Subsidiaries or to which the Borrower or any of the its Subsidiaries or to which any such Person is or becomes a party involving an uninsured claim against the Borrower or any such Person of its Subsidiaries that could reasonably be expected to have a Material Adverse Effect Effect, and stating the nature and status of such litigation or proceedings. The Borrower will, and will cause each of its Subsidiaries to, give notice to the Administrative Agent and each of the LendersBanks, in writing, in form and detail reasonably satisfactory to the Administrative Agent, within ten (10) days of any judgment not covered by insurance, final or otherwise, against the Parent, the Borrower or any of the its Subsidiaries in an amount in excess of $5,000,000.
Appears in 2 contracts
Samples: Multicurrency Revolving Credit Agreement (Rogers Corp), Multicurrency Revolving Credit Agreement (Rogers Corp)
Notice of Litigation and Judgments. The Borrower Borrowers will, and will cause each of its their Subsidiaries to, give notice to the Administrative Agent and each of the Lenders in writing within fifteen thirty (1530) days of becoming aware of any litigation or proceedings threatened in writing or any pending litigation and proceedings affecting the Parent, the a Borrower or any of the its Subsidiaries or to which a Borrower or any such Person of its Subsidiaries is or becomes a party involving an uninsured claim against a Borrower or any such Person of its Subsidiaries that could reasonably be expected to have a Material Adverse Effect on such Borrower or any of its Subsidiaries and stating the nature and status of such litigation or proceedings. The Each Borrower will, and will cause each of its Subsidiaries to, give notice to the Administrative Agent and each of the LendersAgent, in writing, in form and detail reasonably satisfactory to the Administrative Agent, within ten (10) days of any final judgment not covered by insurance, final or otherwise, against the Parent, the such Borrower or any of the its Subsidiaries in an amount in excess of $5,000,000.
Appears in 2 contracts
Samples: Letter of Credit Reimbursement and Pledge Agreement (Montpelier Re Holdings LTD), Letter of Credit Reimbursement and Pledge Agreement (Montpelier Re Holdings LTD)
Notice of Litigation and Judgments. The Borrower will, and will cause each of its Subsidiaries to, give notice to the Administrative Agent and each of the Lenders Banks in writing within fifteen (15) days of becoming aware of any litigation or proceedings threatened in writing or any pending litigation and proceedings affecting the Parent, Borrower or any of its Subsidiaries or to which the Borrower or any of the its Subsidiaries or to which any such Person is or becomes a party involving an uninsured claim against the Borrower or any such Person of its Subsidiaries that could reasonably be expected to have a Material Adverse Effect Effect. and stating the nature and status of such litigation or proceedings. The Borrower will, and will cause each of its Subsidiaries to, give notice to the Administrative Agent and each of the LendersBanks, in writing, in form and detail reasonably satisfactory to the Administrative Agent, within ten (10) days of any judgment not covered by insurance, final or otherwise, against the Parent, the Borrower or any of the its Subsidiaries in an amount in excess of $5,000,00010,000,000.
Appears in 1 contract
Samples: Revolving Credit Agreement (Rollins Truck Leasing Corp)
Notice of Litigation and Judgments. The Borrower will, REIT and the Borrowers will cause each of its Subsidiaries to, give notice to the Administrative Agent and each of the Lenders in writing within fifteen (15) 15 days of becoming aware of any litigation or proceedings threatened in writing or any pending litigation and proceedings affecting the ParentREIT, the any Borrower or any of the their Subsidiaries or to which the REIT, any such Person Borrower or any of their Subsidiaries is or becomes a party involving an uninsured claim against any such Person Borrower or any of its 58 Subsidiaries that could reasonably be expected to have a Material Adverse Effect materially adverse effect on the REIT and the Borrowers taken as a whole and stating the nature and status of such litigation or proceedings. The Borrower will, REIT and the Borrowers will cause each of its Subsidiaries to, give notice to the Administrative Agent and each of the LendersAgent, in writing, in form and detail reasonably satisfactory to the Administrative Agent, within ten (10) days of any judgment not covered by insurance, whether final or otherwise, against the ParentREIT, the any Borrower or any of the their Subsidiaries in an amount in excess of $5,000,0002,000,000.
Appears in 1 contract
Samples: Revolving and Term Credit Agreement (Heritage Property Investment Trust Inc)
Notice of Litigation and Judgments. The Borrower Borrowers will, and will cause each of its 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 the Parent, the any Borrower or any Subsidiary of the Subsidiaries a Borrower or to which any such Person Borrower or Subsidiary is or becomes a party involving an uninsured claim against any such Person Borrower or Subsidiary that could reasonably be expected to have a Material Adverse Effect and stating the nature and status of such litigation or proceedings. The Borrower Borrowers will, and will cause each of its their Subsidiaries to, give notice to the Administrative Agent and each of the Lenders, in writing, in form and detail reasonably satisfactory to the Administrative Agent, within ten (10) days of any judgment not covered by insurance, final or otherwise, against the Parent, the any Borrower or any Subsidiary of the Subsidiaries a Borrower in an amount in excess of $5,000,000250,000.
Appears in 1 contract
Samples: Revolving Credit Agreement (Seneca Foods Corp /Ny/)
Notice of Litigation and Judgments. The Borrower will, and will cause each of its 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 the Parent, Borrower or any of its Subsidiaries or to which the Borrower or any of the its Subsidiaries or to which any such Person is or becomes a party involving an uninsured claim against the Borrower or any such Person of its Subsidiaries that could reasonably be expected to have a Material Adverse Effect on the Borrower or any of its Subsidiaries and stating the nature and status of such litigation or proceedings. The Borrower will, and will cause each of its Subsidiaries to, give notice to the Administrative Agent and each of the LendersAgent, in writing, in form and detail reasonably satisfactory to the Administrative Agent, within ten (10) days of any judgment not covered by insurance, final or otherwise, against the Parent, the Borrower or any of the its Subsidiaries in an amount in excess of $5,000,000500,000.
Appears in 1 contract
Notice of Litigation and Judgments. The Borrower will, and will cause each of its 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 the Parent, Borrower or any of its Subsidiaries or to which the Borrower or any of the its Subsidiaries or to which any such Person is or becomes a party involving an uninsured claim against the Borrower or any such Person of its Subsidiaries that could reasonably be expected to have a Material Adverse Effect and stating the nature and status of such litigation or proceedings. The Borrower will, and will cause each of its Subsidiaries to, give notice to the Administrative Agent and each of the Lenders, in writing, in form and detail reasonably satisfactory to the Administrative Agent, within ten (10) days of any judgment not covered by insurance, final or otherwise, against the Parent, the Borrower or any of the its Subsidiaries in an amount in excess of $5,000,0002,000,000.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Emmis Communications Corp)
Notice of Litigation and Judgments. The Each Borrower will, and will cause each of its Subsidiaries to, give notice to the Administrative Agent and each of the Lenders in writing within fifteen thirty (1530) days of becoming aware of any litigation or proceedings threatened in writing or any pending litigation and proceedings affecting the Parent, the such Borrower or any of the its Subsidiaries or to which such Borrower or any such Person of its Subsidiaries is or becomes a party involving an uninsured claim against such Borrower or any such Person of its Subsidiaries that could reasonably be expected to have a Material Adverse Effect on such Borrower or any of its Subsidiaries and stating the nature and status of such litigation or proceedings. The Each Borrower will, and will cause each of its Subsidiaries to, give notice to the Administrative Agent and each of the LendersAgent, in writing, in form and detail reasonably satisfactory to the Administrative Agent, within ten (10) days of any final judgment not covered by insurance, final or otherwise, against the Parent, the such Borrower or any of the its Subsidiaries in an amount in excess of $5,000,000.
Appears in 1 contract
Notice of Litigation and Judgments. The Borrower Borrowers will, and will cause each of its 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 any of the Parent, the Borrower Borrowers or any of the their Subsidiaries or to which any such Person of the Borrowers or any of their Subsidiaries is or becomes a party involving an uninsured claim against any such Person of the Borrowers or any of their Subsidiaries that could reasonably be expected to have a Material Adverse Effect and stating the nature and status of such litigation or proceedings. The Borrower Borrowers will, and will cause each of its their Subsidiaries to, give notice to the Administrative Agent and each of the LendersAgent, in writing, in form and detail reasonably satisfactory to the Administrative Agent, within ten (10) days of any judgment not covered by insurance, final or otherwise, against any of the Parent, the Borrower Borrowers or any of the their Subsidiaries in an amount in excess of $5,000,000500,000.
Appears in 1 contract
Samples: Revolving Credit Agreement (McCormick & Schmick Holdings, L.L.C.)