Common use of Notice of Litigation and Judgments Clause in Contracts

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 thirty (30) days of becoming aware of any litigation or proceedings threatened in writing or any pending litigation and proceedings affecting the Borrower or any of its Subsidiaries or to which the Borrower or any of its Subsidiaries is or becomes a party involving an uninsured claim against the Borrower or any 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 give notice to the Administrative Agent, in writing, in form and detail satisfactory to the Administrative Agent, within ten (10) days of any final judgment not covered by insurance, against the Borrower or any of its Subsidiaries in an amount in excess of $5,000,000.

Appears in 5 contracts

Samples: Reimbursement and Pledge Agreement (Montpelier Re Holdings LTD), Reimbursement and Pledge Agreement (Montpelier Re Holdings LTD), Reimbursement and Pledge Agreement (Montpelier Re Holdings LTD)

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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 thirty fifteen (3015) days of becoming aware of any litigation or proceedings threatened in writing or any pending litigation and proceedings affecting the Borrower or any of its Subsidiaries or to which Parent, the Borrower or any of its the Subsidiaries or to which any such Person is or becomes a party involving an uninsured claim against the Borrower or any of its Subsidiaries such Person 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 AgentAgent and each of the Lenders, 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 its 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 Parent will, and will cause each of its Subsidiaries to, give notice to the Administrative Agent and each of the Lenders Banks in writing within thirty twenty-one (3021) days (or such shorter time by which the Parent notifies the Securities and Exchange Commission) of becoming aware of any litigation or proceedings threatened in writing or any pending litigation and proceedings affecting the Borrower Parent or any of its Subsidiaries or to which the any Borrower or any of its Subsidiaries is or becomes a party involving an uninsured claim against the Borrower Parent or any of its Subsidiaries that could reasonably be expected to have a Material Adverse Effect on the Borrower Parent or any of its Subsidiaries and stating the nature and status of such litigation or proceedings. The Borrower Parent will, and will cause each of its Subsidiaries to, give notice to the Administrative AgentAgent and each of the Banks, in writing, in form and detail satisfactory to the Administrative Agent, within ten (10) days of any final judgment not covered by insurance, final or otherwise, against the any Borrower or any of its Subsidiaries in an amount in excess of $5,000,00010,000,000.

Appears in 2 contracts

Samples: Credit Agreement (Sensormatic Electronics Corp), Credit Agreement (Sensormatic Electronics 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 thirty (30) days of becoming aware of any litigation or proceedings threatened in writing or any pending litigation and proceedings affecting the a Borrower or any of its Subsidiaries or to which the a Borrower or any of its Subsidiaries is or becomes a party involving an uninsured claim against the a Borrower or any of its Subsidiaries that could reasonably be expected to have a Material Adverse Effect on the such Borrower or any of its Subsidiaries and stating the nature and status of such litigation or proceedings. The Each Borrower will give notice to the Administrative Agent, in writing, in form and detail satisfactory to the Administrative Agent, within ten (10) days of any final judgment not covered by insurance, against the such Borrower or any of its Subsidiaries in an amount in excess of $5,000,000.

Appears in 2 contracts

Samples: Reimbursement and Pledge Agreement (Montpelier Re Holdings LTD), Control Agreement (Montpelier Re Holdings LTD)

Notice of Litigation and Judgments. The Each of the Parent and the Borrower will, and will cause each of its their Subsidiaries to, give notice to the 91 -82- Administrative Agent and each of the Lenders in writing within thirty fifteen (3015) 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 its their Subsidiaries or to which the Borrower Parent or any of its their Subsidiaries is or becomes a party involving an uninsured claim against the Parent, the Borrower or any of its their 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 Each of the Parent and the Borrower will, and will cause each of their 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 final judgment not covered by insurance, final or otherwise, against the Parent, the Borrower or any of its their Subsidiaries in an amount in excess of $5,000,0001,000,000.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Bell Sports 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 thirty (30) days of becoming aware of any litigation or proceedings threatened in writing or any pending litigation and proceedings affecting the such Borrower or any of its Subsidiaries or to which the such Borrower or any of its Subsidiaries is or becomes a party involving an uninsured claim against the such Borrower or any of its Subsidiaries that could reasonably be expected to have a Material Adverse Effect on the such Borrower or any of its Subsidiaries and stating the nature and status of such litigation or proceedings. The Each Borrower will give notice to the Administrative Agent, in writing, in form and detail satisfactory to the Administrative Agent, within ten (10) days of any final judgment not covered by insurance, against the such Borrower or any of its Subsidiaries in an amount in excess of $5,000,000.

Appears in 1 contract

Samples: Credit Agreement (Montpelier Re Holdings LTD)

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Notice of Litigation and Judgments. The Borrower Parent will, and will cause each of its Subsidiaries to, give notice to the Administrative Agent and each of the Lenders in writing within thirty fifteen (3015) days of becoming aware of any litigation or proceedings threatened in writing or any pending litigation and proceedings affecting the Borrower Parent or any of its Subsidiaries or to which the Borrower Parent or any of its Subsidiaries is or becomes a party involving an uninsured claim against the Borrower Parent or any of its Subsidiaries that could reasonably be expected to have a Material Adverse Effect on the Borrower Parent or any of its Subsidiaries and stating the nature and status of such litigation or proceedings. The Borrower Parent 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 final judgment not covered by insurance, final or otherwise, against the Borrower Parent or any of its Subsidiaries in an amount in excess of $5,000,000.

Appears in 1 contract

Samples: Revolving Credit Agreement (Watts Industries 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 thirty fifteen (3015) days of becoming aware of any litigation or proceedings threatened in writing or any pending litigation and proceedings affecting the any Borrower or any Subsidiary of its Subsidiaries a Borrower or to which the any Borrower or any of its Subsidiaries Subsidiary is or becomes a party involving an uninsured claim against the any Borrower or any of its Subsidiaries Subsidiary 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 Borrowers will, and will cause each of their Subsidiaries to, give notice to the Administrative AgentAgent and each of the Lenders, in writing, in form and detail satisfactory to the Administrative Agent, within ten (10) days of any final judgment not covered by insurance, final or otherwise, against the any Borrower or any Subsidiary of its 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 Banks in writing within thirty fifteen (3015) days of becoming aware of any litigation or proceedings threatened in writing or any pending litigation and proceedings affecting the Borrower or any of its Subsidiaries or to which the Borrower or any of its Subsidiaries is or becomes a party involving an uninsured claim against the Borrower or any of its Subsidiaries that could reasonably be expected to have a Material Adverse Effect materially 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 AgentAgent and each of the Banks, in writing, in form and detail satisfactory to the Administrative Agent, within ten twenty (1020) days of any final judgment not covered by insurance, final or otherwise, against the Borrower or any of its Subsidiaries in an amount in excess of $5,000,000100,000.

Appears in 1 contract

Samples: Revolving Credit Agreement (Republic Engineered Steels Inc)

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