Notice of Litigation, Default and Other Matters. Prompt ----------------------------------------------- notice of the following events after the Borrower has knowledge or notice thereof:
(a) The commencement of all proceedings and investigations by or before any governmental body, and all actions and proceedings in any court or before any arbitrator involving claims for damages (including punitive damages) in excess of $100,000 (after deducting the amount with respect to any Obligor is insured), against or in any other way relating directly to any Obligor, or any of their respective properties or businesses;
(b) Promptly upon the happening of any condition or event of which the Borrower has current actual knowledge which constitutes a Default, a written notice specifying the nature and period of existence thereof and what action is being taken or is proposed to be taken with respect thereto; and
(c) Any material adverse change with respect to the business, assets, liabilities, financial position, results of operations or prospective business of any Obligor, other than changes in the ordinary course of business which have not had and are not likely to have a Material Adverse Effect.
Notice of Litigation, Default and Other Matters. Prompt notice of the following events after the Borrower has knowledge or notice thereof:
(a) The commencement of all Litigation and investigations by or before any Tribunal, and all actions and proceedings in any court or before any arbitrator involving claims (i) for damages (including punitive damages) in excess of $500,000 (after deducting the amount with respect to the Borrower or any Subsidiary of the Borrower is insured), against or in any other way relating directly to the Borrower, any Subsidiary of the Borrower, or any of their respective properties or businesses or (ii) which otherwise could affect any Collateral and which could reasonably be expected to have a Material Adverse Effect; and
(b) Promptly upon the happening of any condition or event of which the Borrower has current actual knowledge which constitutes a Default, a written notice specifying the nature and period of existence thereof and what action is being taken or is proposed to be taken with respect thereto.
Notice of Litigation, Default and Other Matters. Prompt notice of the following events after the Borrower has knowledge or notice thereof:
(a) The commencement of all Litigation and investigations by or before any Tribunal, and all actions and proceedings in any court or before any arbitrator involving claims for damages (including punitive damages) in excess of $1,000,000 (after deducting the amount with respect to which creditworthy insurance companies have acknowledged coverage), against or in any other way relating directly to the Borrower, any of its Subsidiaries or any of their respective properties or businesses; and
(b) Promptly upon the happening of any condition or event of which the Borrower has current actual knowledge which constitutes a Default, a written notice specifying the nature and period of existence thereof and what action is being taken or is proposed to be taken with respect thereto.
Notice of Litigation, Default and Other Matters. Prompt notice of the following events after the Borrower has knowledge or notice thereof:
(a) The commencement of all proceedings and investigations by or before the FCC, the FAA or any other governmental body, and all other actions and proceedings in any court or before any arbitrator involving claims for damages (including punitive damages) in excess of $250,000 in the aggregate (after deducting the amount with respect to the Parent, the Borrower or any Subsidiary of the Borrower is insured), against or in any other way relating directly to the Parent, the Borrower, any Subsidiary of the Borrower, or any of their Properties or businesses;
(b) Promptly upon the happening of any condition or event which constitutes a Default, a written notice specifying the nature and period of existence thereof and what action is being taken or is proposed to be taken with respect thereto; and
(c) Any Material Adverse Change with respect to the business, assets, liabilities, financial position, results of operations or prospective business of the Parent, the Borrower or any Subsidiary of the Borrower.
Notice of Litigation, Default and Other Matters. Prompt notice of the following events after the Borrower has knowledge or notice thereof:
(a) The commencement of all proceedings and investigations by or before the FCC or any other governmental body, and all actions and proceedings in any court or before any arbitrator involving claims for damages, fines or penalties (including punitive damages) in excess of $750,000 in the aggregate (after deducting the amount with respect to the Borrower or any Restricted Subsidiary such Person is insured, provided such claim has not been denied), against or in any other way relating directly to the Borrower, any Restricted Subsidiary, or any of their properties or businesses; provided, however, no notice shall be required to be delivered hereunder if, in the opinion of counsel to the Borrower or such Restricted Subsidiary, there is no reasonable possibility of an adverse determination in such action or proceeding; (b) Promptly upon the happening of any condition or event which constitutes a Default, a written notice specifying the nature and period of existence thereof and what action is being taken or is proposed to be taken with respect thereto; and
Notice of Litigation, Default and Other Matters. Notice of the following events within 10 Business Days after an Authorized Officer of the Borrower has actual knowledge or notice thereof:
(a) Any action or proceedings in any court or before any arbitrator involving claims for damages (including punitive damages) in excess of either $25,000,000 for any one proceeding or investigation, or $50,000,000 in the aggregate for all such proceedings (after deducting the amount with respect to which the Borrower or any of its Restricted Subsidiaries is insured), against the Borrower or any of its Restricted Subsidiaries, or any of their properties, assets or businesses or with respect to which the Borrower or any Restricted Subsidiary has liability; and
(b) The happening of any condition or event which constitutes a Default or Event of Default. Such notice shall specify the nature and period of existence thereof and what action is being taken or is proposed to be taken with respect thereto.
Notice of Litigation, Default and Other Matters. 62 ----------------------------------------------- Section 6.6 ERISA Reporting Requirements........................ 62 ---------------------------- Section 6.7 RPA and TAA Reporting Requirements.................. 63 ----------------------------------
Notice of Litigation, Default and Other Matters. Prompt notice of the following events after any Senior Officer of the Borrower has knowledge or notice thereof:
(a) The commencement of all Litigation and investigations by or before any Tribunal, and all actions and proceedings in any court or before any arbitrator involving claims for damages (including punitive damages) in excess of $250,000 (after deducting the amount with respect to which creditworthy insurance companies have acknowledged coverage), against or in any other way relating directly to the Borrower, any Restricted Subsidiary of the Borrower, or any of their respective properties or businesses; and
(b) Promptly upon the happening of any condition or event of which any Senior Officer of the Borrower has current actual knowledge which constitutes a Default, a written notice specifying the nature and period of existence thereof and what action is being taken or is proposed to be taken with respect thereto.
Notice of Litigation, Default and Other Matters. Prompt notice of ----------------------------------------------- the following events after the Borrower has knowledge or notice thereof:
(a) The commencement of all Litigation and investigations by or before any Tribunal, and all actions and proceedings in any court or before any arbitrator involving claims (i) for damages (including punitive damages) in excess of $500,000 (after deducting the amount with respect to the Borrower or any Subsidiary of the Borrower is insured), against or in any other way relating directly to the Borrower, any Subsidiary of the Borrower, or any of their respective properties or businesses or (ii) which otherwise could affect any Collateral and which could reasonably be expected to have a Material Adverse Effect; and
(b) Promptly upon the happening of any condition or event of which the Borrower has current actual knowledge which constitutes a Default, a written notice specifying the nature and period of existence thereof and what action is being taken or is proposed to be taken with respect thereto.
Notice of Litigation, Default and Other Matters. Prompt ----------------------------------------------- notice of the following events after the Borrower has knowledge or notice thereof:
(a) The commencement of all proceedings and investigations by or before any governmental body, and all actions and proceedings in any court or before any arbitrator involving claims for damages (including punitive damages) which could reasonably be expected to result in the payment of $5,000,000 or more by the Borrower or any of its Subsidiaries (after deducting the amount with respect to which the Borrower or any Subsidiary is insured), against or in any other way relating directly to the Borrower, any Subsidiary, or any of their properties or businesses;
(b) Promptly upon the happening of any condition or event of which the Borrower has current actual knowledge which constitutes a Default, a written notice specifying the nature and period of existence thereof and what action is being taken or is proposed to be taken with respect thereto; and
(c) Any material adverse change with respect to the business, assets, liabilities, financial position, results of operations or prospective business of the Borrower or any Subsidiary, other than changes in the ordinary course of business which have not had and are not likely to have a Material Adverse Effect.
