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Notice of Material Claims and Litigation Sample Clauses

Notice of Material Claims and Litigation. Promptly notify the Agent and each Lender of the commencement of any claims (other than claims under a policy of insurance in amounts which, together with any interest accrued thereon, do not exceed the face value of such policy), actions, suits, proceedings or investigations of any kind pending or threatened against the Parent Guarantor or any of its Subsidiaries before any court, tribunal or administrative-agency or board in an amount in excess of $3,000,000, or which, if adversely determined, would be reasonably likely, either in any case or in the aggregate, to have a Material Adverse Effect or materially impair the right of the Parent Guarantor and its Subsidiaries considered as a whole, or the Borrower considered individually, to carry on their respective businesses substantially as now conducted, or which question the validity of this Agreement, any Note or the Security Documents or any action taken or to be taken pursuant hereto or thereto.
Sample 1Sample 2Sample 3See All (4)
Notice of Material Claims and Litigation. Notify the Banks within five (5) Business Days after becoming aware of the commencement of any claims (other than claims under a policy of insurance in amounts which, together with any interest accrued thereon, do not exceed the face value of such policy), actions, suits, proceedings or investigations of any kind pending or threatened against the Borrower or any of its Subsidiaries in an amount in excess of $2,500,000, before any court, tribunal or administrative agency or board or which, if adversely determined, might, either in any case or in the aggregate, materially adversely affect the business, assets or financial condition of the Borrower and its Subsidiaries, considered as a whole, or materially impair the right of the Borrower and its Subsidiaries, considered as a whole, to carry on their businesses substantially as now conducted, or which question the validity of this Agreement or the Notes or any other Loan Documents or any action taken or to be taken pursuant hereto or thereto.
Sample 1Sample 2
Notice of Material Claims and Litigation. The Borrower shall promptly notify the Lender of the commencement of any claims, actions, suits, proceedings or investigations of any kind pending or threatened against the Borrower before any Governmental Authority in an amount in excess of $100,000, if relating to one or all of the Vessels, or which, if adversely determined, would have a Materially Adverse Effect.
Sample 1
Notice of Material Claims and Litigation. The Parent Guarantor and the Borrower will promptly notify the Agent and each Lender of the commencement of any claims (other than claims under a policy of insurance in amounts which, together with any interest accrued thereon, do not exceed the face value of such policy), actions, suits, proceedings or investigations of any kind pending or threatened against the Borrower, the Parent Guarantor or any of its Subsidiaries before any court, tribunal or administrative-agency or board in an amount in excess of $5,000,000, or which, if adversely determined, might, either in any case or in the aggregate, have a Materially Adversely Effect or materially impair the right of the Parent Guarantor and its Subsidiaries considered as a whole, or the Borrower considered individually, to carry on their respective businesses substantially as now conducted, or which question the validity of this Agreement, any Note or the Security Documents or any action taken or to be taken pursuant hereto or thereto.
Sample 1
Notice of Material Claims and Litigation. The Committee will notify the Bank within five (5) Business Days after becoming aware of the commencement of any claims (other than claims under a policy of insurance in amounts which, together with any interest accrued thereon, do not exceed the face value of such policy), actions, suits, proceedings or investigations of any kind pending or threatened against it in an amount in excess of $500,000, before any court, tribunal or administrative agency or board or which, if adversely determined, might, either in any case or in the aggregate, materially adversely affect the ESOP's assets or materially impair the ESOP's right to carry on its activities substantially as now conducted, or which question the validity of this Agreement or the Note or any action taken or to be taken pursuant hereto or thereto.
Sample 1
Notice of Material Claims and Litigation. The Borrower shall promptly notify the Agent of the commencement of any claims, actions, suits, proceedings or investigations of any kind pending or threatened against the Borrower before any Governmental Authority in an amount in excess of $500,000, if relating to one or all of the Vessels, or which, if adversely determined, would have a Material Adverse Effect.
Sample 1
Notice of Material Claims and Litigation. Promptly notify the Agent and each Lender of the commencement of any claims (other than claims under a policy of insurance in amounts which, together with any interest accrued thereon, do not exceed the face value of such policy), actions, suits, proceedings or investigations of any kind pending or threatened against Interpool or any of its Subsidiaries before any court, tribunal or administrative-agency or board in an amount in excess of $5,000,000, or which, either individually or in the aggregate, if adversely determined, could be reasonably expected, to have a Materially Adverse Effect or materially impair the right of Interpool and its Subsidiaries considered as a whole, or the Borrowers considered individually, to carry on their respective businesses substantially as now conducted, or which question the validity of this Agreement, any Loan Document or any action taken or to be taken pursuant hereto or thereto.
Sample 1
Notice of Material Claims and Litigation. The Borrower shall promptly notify the Lender of the commencement of any claims, actions, suits, proceedings or investigations of any kind pending or threatened against the Borrower or any of its Affiliates before any Governmental Authority in an amount in excess of the equivalent in Canadian Dollars of Five Hundred Thousand U.S. Dollars ($500,000), if relating to one or all of the Vessels, or which, if adversely determined, would have a Material Adverse Effect.
Sample 1

Related to Notice of Material Claims and Litigation

  • Claims and Litigation No pending or, to the Company's knowledge, threatened, claims, suits or other proceedings exist with respect to any Employee Benefit Plan other than normal benefit claims filed by participants or beneficiaries.

  • Notices of Claims and Litigation Promptly inform Lender in writing of (1) all material adverse changes in Borrower’s financial condition, and (2) all existing and all threatened litigation, claims, investigations, administrative proceedings or similar actions affecting Borrower or any Guarantor which could materially affect the financial condition of Borrower or the financial condition of any Guarantor.

  • Notice of Litigation Each Purchaser shall promptly notify the applicable Seller upon becoming aware of any Proceedings or threatened Proceedings concerning any Serviced Appointment (whether or not the Sellers are named in such Proceedings), in each case, excluding Proceedings in servicer-managed mortgage-level litigation with respect to residential mortgage-backed securities transactions. Notices pursuant to this Section 6.4 will be delivered to the notice recipient designated on Annex B.

  • Notice of Legal Matter or Litigation Grantee will send notice to the Substance Use Disorder (SUD) email box, XxxxxxxxxXxxxx.Xxxxxxxxx@xxxx.xxxxx.xx.xx of any litigation or legal matter related to or affecting this Contract within seven (7) calendar days of becoming aware of the litigation or legal matter.

  • Notice of Third Party Claims Pursuant to Public Contract Code Section 9201, District shall provide Contractor timely notification of the receipt of any third-party claim relating to this Contract. District shall be entitled to recover its reasonable costs incurred in providing such notification.

  • Pending Litigation Financial position and prospective long-term profitability of the Single Tenderer, and in the case the Tenderer is a JV, of each member of the JV, shall remain sound according to criteria established with respect to Financial Capability under paragraph I (i) above assuming that all pending litigation will be resolved against the Tenderer. Tenderer shall provide information on pending litigations as per Form CON-2.

  • Legal Actions A Receiver may bring, prosecute, enforce, defend and abandon any action, suit or proceedings in relation to any Security Asset which he thinks fit.

  • Legal Action Notice A prompt report of any legal actions pending or threatened in writing against Borrower or any of its Subsidiaries that could result in damages or costs to Borrower or any of its Subsidiaries of, individually or in the aggregate, One Hundred Thousand Dollars ($100,000) or more; and

  • Claims and Proceedings 14 3.17 Taxes...................................................................15 3.18 Personnel...............................................................16

  • Third Party Litigation The undersigned agrees to be available to the Company and its affiliates on a reasonable basis in connection with any pending or threatened claims, charges or litigation in which the Company or any of its affiliates is now or may become involved, or any other claims or demands made against or upon the Company or any of its affiliates, regardless of whether or not the undersigned is a named defendant in any particular case.

Most Referenced Clauses

Most Referenced Definitions