Common use of Notice of Litigation and Other Matters Clause in Contracts

Notice of Litigation and Other Matters. (a) Promptly upon (and in any event within five (5) Business Days of) any Borrower Party’s obtaining knowledge of the institution of, or a written threat of, any action, suit, governmental investigation or arbitration proceeding against any Borrower Party, any Subsidiary of a Borrower Party or any Property, which action, suit, governmental investigation or arbitration proceeding, if adversely determined, would expose, in such Borrower Party’s reasonable judgment, any Borrower Party or any Subsidiary of a Borrower Party to liability in an aggregate amount in excess of $7,500,000, the Administrative Borrower shall notify the Lender Group of the occurrence thereof, and the Administrative Borrower shall provide such additional information with respect to such matters as the Lender Group, or any of them, may reasonably request.

Appears in 4 contracts

Samples: Credit Agreement (Oxford Industries Inc), Credit Agreement (Oxford Industries Inc), Credit Agreement (Oxford Industries Inc)

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Notice of Litigation and Other Matters. (a) Promptly upon (and in any event within five (5) Business Days of) any Borrower Party’s obtaining knowledge of the institution of, or a written threat of, any action, suit, governmental investigation or arbitration proceeding against any Borrower Party, any Subsidiary of a Borrower Party or any Property, which action, suit, governmental investigation or arbitration proceeding, if adversely determined, would could expose, in such Borrower Party’s reasonable judgment, any Borrower Party or any Subsidiary of a Borrower Party to liability in an aggregate amount in excess of $7,500,000750,000, the Administrative such Borrower Party shall notify the Lender Group in writing of the occurrence thereof, and the Administrative Borrower Parties shall provide such additional information with respect to such matters as the Lender Group, or any of them, may reasonably request.

Appears in 3 contracts

Samples: Credit Agreement (Fluent, Inc.), Credit Agreement, Credit Agreement (Cogint, Inc.)

Notice of Litigation and Other Matters. (a) Promptly upon (and in any event within five (5) Business Days of) any Borrower Party’s obtaining knowledge of the institution of, or a written threat of, any action, suit, governmental investigation or arbitration proceeding against any Borrower Party, any Subsidiary of a Borrower Party or any Property, which action, suit, governmental investigation or arbitration proceeding, if adversely determined, would expose, in such Borrower Party’s reasonable judgment, any Borrower Party or any Subsidiary of a Borrower Party to liability in an aggregate amount in excess of $7,500,00010,000,000, the Administrative Borrower shall notify the Lender Group of the occurrence thereof, and the Administrative Borrower shall provide such additional information with respect to such matters as the Lender Group, or any of them, may reasonably request.

Appears in 3 contracts

Samples: Credit Agreement (Oxford Industries Inc), Credit Agreement (Oxford Industries Inc), Credit Agreement (Oxford Industries Inc)

Notice of Litigation and Other Matters. (a) Promptly upon (and in any event within five three (53) Business Days of) any Borrower Party’s obtaining knowledge of the institution of, or a written threat of, any action, suit, governmental investigation or arbitration proceeding against any Borrower Party, any Subsidiary of a Borrower Party or any Property, which action, suit, governmental investigation or arbitration proceeding, if adversely determined, would expose, in such Borrower Party’s reasonable judgment, any Borrower Party or any Subsidiary of a Borrower Party to liability in an aggregate amount in excess of $7,500,0005,000,000, the Administrative such Borrower Party shall notify the Lender Group of the occurrence thereof, and the Administrative Borrower Parties shall provide such additional information with respect to such matters as the Lender Group, or any of them, may reasonably request.

Appears in 3 contracts

Samples: Credit Agreement (Chicos Fas Inc), Credit Agreement (Chicos Fas Inc), Credit Agreement (Chicos Fas Inc)

Notice of Litigation and Other Matters. (a) Promptly upon (and in any event within five three (53) Business Days of) any Borrower Party’s obtaining knowledge of the institution of, or a written threat of, any action, suit, governmental investigation or arbitration proceeding against any Borrower Party, any Subsidiary of a Borrower Party or any Property, which action, suit, governmental investigation or arbitration proceeding, if adversely determined, would could expose, in such Borrower Party’s reasonable judgment, any Borrower Party or any Subsidiary of a Borrower Party to liability in an aggregate amount in excess of $7,500,000100,000, the Administrative such Borrower Party shall notify the Lender Group in writing of the occurrence thereof, and the Administrative Borrower Parties shall provide such additional information with respect to such matters as the Lender Group, or any of them, may reasonably request.

Appears in 2 contracts

Samples: Possession Credit Agreement, Possession Credit Agreement

Notice of Litigation and Other Matters. (a) Promptly upon (and in any event within five three (53) Business Days of) any Borrower Party’s obtaining knowledge of the institution of, or a written threat of, any action, suit, governmental investigation or arbitration proceeding against any Borrower Party, any Subsidiary of a Borrower Party or any Property, which action, suit, governmental investigation or arbitration proceeding, if adversely determined, would expose, in such Borrower Party’s reasonable judgment, any Borrower Party or any Subsidiary of a Borrower Party to liability in an aggregate amount in excess of $7,500,000250,000, the Administrative such Borrower Party shall notify the Lender Group of the occurrence thereof, and the Administrative Borrower Parties shall provide such additional information with respect to such matters as the Lender Group, or any of them, may reasonably request.

Appears in 2 contracts

Samples: Credit Agreement (Affinity Guest Services, LLC), Credit Agreement (Affinity Group Holding, Inc.)

Notice of Litigation and Other Matters. (a) Promptly upon (and in any event within five three (53) Business Days of) any Borrower Party’s obtaining knowledge of the institution of, or a written threat of, any action, suit, governmental investigation or arbitration proceeding against any Borrower Party, any Subsidiary of a Borrower Party or any Property, which action, suit, governmental investigation or arbitration proceeding, if adversely determined, would expose, in such Borrower Party’s reasonable judgment, any Borrower Party or any Subsidiary of a Borrower Party to liability in an aggregate amount in excess of $7,500,00010,000,000, the Administrative such Borrower Party shall notify the Lender Group of the occurrence thereof, and the Administrative Borrower Parties shall provide such additional information with respect to such matters as the Lender Group, or any of them, may reasonably request.

Appears in 1 contract

Samples: Credit Agreement (American Fiber Systems, Inc.)

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Notice of Litigation and Other Matters. (a) Promptly upon (and in any event within five three (53) Business Days of) any Borrower Party’s obtaining knowledge of the institution of, or a written threat of, any action, suit, governmental investigation or arbitration proceeding against any Borrower Party, any Subsidiary of a Borrower Party or any Property, which action, suit, governmental investigation or arbitration proceeding, if adversely determined, would expose, in such Borrower Party’s reasonable judgment, any Borrower Party or any Subsidiary of a Borrower Party to liability in an aggregate amount in excess of $7,500,00020,000,000,50,000,000, the Administrative such Borrower Party shall notify the Lender Group of the occurrence thereof, and the Administrative Borrower Parties shall provide such additional information with respect to such matters as the Lender Group, or any of them, may reasonably request.

Appears in 1 contract

Samples: Security Agreement (Zayo Group LLC)

Notice of Litigation and Other Matters. (a) Promptly upon (and in any event within five three (53) Business Days of) any Borrower Party’s obtaining knowledge of the institution of, or a written threat of, any action, suit, governmental investigation or arbitration proceeding against any Borrower Party, any Subsidiary of a Borrower Party or any Property, which action, suit, governmental investigation or arbitration proceeding, if adversely determined, would expose, in such Borrower Party’s reasonable judgment, any Borrower Party or any Subsidiary of a Borrower Party to liability in an aggregate amount in excess of $7,500,00020,000,000, the Administrative such Borrower Party shall notify the Lender Group of the occurrence thereof, and the Administrative Borrower Parties shall provide such additional information with respect to such matters as the Lender Group, or any of them, may reasonably request.

Appears in 1 contract

Samples: Credit Agreement (Zayo Group LLC)

Notice of Litigation and Other Matters. (a) Promptly upon (and in any event within five (5) Business Days of) any Borrower Party’s obtaining knowledge of the institution of, or a written threat of, any action, suit, governmental investigation or arbitration proceeding against any Borrower Party, any Subsidiary of a Borrower Party or any Property, which action, suit, governmental investigation or arbitration proceeding, if adversely determined, would expose, in such Borrower Party’s reasonable judgment, any Borrower Party or any Subsidiary of a Borrower Party to liability in an aggregate amount in excess of $7,500,000500,000, the Administrative such Borrower Party shall notify the Lender Group of the occurrence thereof, and the Administrative Borrower Parties shall provide such additional information with respect to such matters as the Lender Group, or any of them, may reasonably request.

Appears in 1 contract

Samples: Credit Agreement (Gtsi Corp)

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