Common use of Notice of Potential Claims or Litigation Clause in Contracts

Notice of Potential Claims or Litigation. The Borrower shall deliver to the Banks, within 30 days of receipt thereof, written notice of the initiation of any action, claim, complaint, or any other notice of dispute or potential litigation against the Borrower or any of its Subsidiaries wherein the potential liability is in excess of $25,000,000 or which questions the validity or enforceability of any Loan Document together with a copy of each such notice received by the Borrower or any of its Subsidiaries.

Appears in 4 contracts

Samples: Loan Agreement, Loan Agreement, Loan Agreement (Waste Management Holdings Inc)

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Notice of Potential Claims or Litigation. The Borrower shall deliver to the Banks, within 30 days of receipt thereof, written notice of the initiation of any action, claim, complaint, or any other notice of dispute or potential litigation against the Borrower or any of its Subsidiaries wherein the potential asserted, demanded or alleged liability is in excess of $25,000,000 or which questions the validity or enforceability of any Loan Document Document, together with a copy of each such complaint or other notice received by the Borrower or any of its SubsidiariesSubsidiaries if requested by the Administrative Agent.

Appears in 3 contracts

Samples: Revolving Credit Agreement, Revolving Credit Agreement (Waste Management Inc), Day Loan Agreement (Waste Management Inc)

Notice of Potential Claims or Litigation. The Borrower shall Borrowers will deliver to the Banks, within 30 thirty (30) days of receipt thereof, written notice of the initiation of any action, claim, complaint, or any other notice of dispute or potential litigation against the Borrower or (including without limitation any alleged violation of its Subsidiaries any Environmental Law), wherein the potential liability is in excess of $25,000,000 or which questions the validity or enforceability of any Loan Document 250,000, together with a copy of each such notice received by the Borrower or any of its SubsidiariesBorrower.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Waste Industries Usa Inc), Revolving Credit Agreement (Waste Industries Usa Inc), Revolving Credit Agreement (Waste Industries Inc)

Notice of Potential Claims or Litigation. The Borrower shall Borrowers will deliver to the Banks, within 30 days of receipt thereof, written notice of the initiation of any action, claim, complaint, or any other notice of dispute or potential litigation against the Borrower or (including without limitation any alleged violation of its Subsidiaries any Environmental Law), wherein the potential liability is in excess of $25,000,000 or which questions the validity or enforceability of any Loan Document 250,000, together with a copy of each such notice received by the Borrower or any of its SubsidiariesBorrower.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Waste Connections Inc/De), Revolving Credit Agreement (Waste Connections Inc/De)

Notice of Potential Claims or Litigation. The Borrower shall Borrowers will deliver to the Banks, within 30 days of receipt thereof, written notice of the initiation of any action, claim, complaint, or any other notice of dispute or potential litigation against the Borrower or (including without limitation any alleged violation of its Subsidiaries any Environmental Law), wherein the potential liability is in excess of $25,000,000 or which questions the validity or enforceability of any Loan Document 150,000, together with a copy of each such notice received by the Borrower or any of its SubsidiariesBorrower.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Waste Connections Inc/De), Revolving Credit Agreement (Waste Connections Inc/De)

Notice of Potential Claims or Litigation. The Borrower shall deliver to the Banks, within 30 days of receipt thereof, written notice of the initiation of any action, claim, complaint, or any other notice of dispute or potential litigation against the Borrower or any of its Subsidiaries wherein the potential liability is in excess of $25,000,000 or which questions the validity or enforceability of any Loan Document Document, together with a copy of each such complaint or other notice received by the Borrower or any of its SubsidiariesSubsidiaries if requested by the Administrative Agent.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Waste Management Holdings Inc), Loan Agreement (Waste Management Holdings Inc)

Notice of Potential Claims or Litigation. The Borrower shall deliver to the Banks, within 30 days of receipt thereof, written notice of the initiation of any action, claim, complaint, or any other notice of dispute or potential litigation against the Borrower or any of its Subsidiaries wherein the potential liability is in excess of $25,000,000 or which questions the validity or enforceability of any Loan Document 10,000,000 together with a copy of each such notice received by the Borrower or any of its Subsidiaries.

Appears in 2 contracts

Samples: Bridge Loan Agreement (Usa Waste Services Inc), Revolving Credit Agreement (Usa Waste Services Inc)

Notice of Potential Claims or Litigation. The Borrower shall will deliver to the Banks, within 30 days of receipt thereof, written notice of the initiation of any action, claim, complaint, or any other notice of dispute or potential litigation against the Borrower or (including without limitation any alleged violation of its Subsidiaries any Environmental Law described in Section 6.14(b)), wherein the potential liability is in excess of $25,000,000 or which questions the validity or enforceability of any Loan Document 1,000,000, together with a copy of each such notice received by the Borrower or any of its SubsidiariesSubsidiary.

Appears in 1 contract

Samples: Revolving Credit Agreement (Iteq Inc)

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Notice of Potential Claims or Litigation. The Borrower Borrowers shall deliver to the Banks, within 30 days of receipt thereof, written notice of the initiation of any action, claim, complaint, or any other notice of dispute or potential litigation against the Borrower or any of its Subsidiaries wherein the potential liability is in excess would be material to the Borrowers taken as a whole under the regulations of $25,000,000 or which questions the validity or enforceability of any Loan Document United States Securities and Exchange Commission, together with a copy of each such notice received by the Borrower Parent or any of its Subsidiaries.

Appears in 1 contract

Samples: Revolving Credit Agreement (Mastec Inc)

Notice of Potential Claims or Litigation. The Borrower Borrowers shall deliver to the Banks, within 30 days of receipt thereof, written notice of the initiation of any action, claim, complaint, or any other notice of dispute or potential litigation against the Borrower or (including without limitation any alleged violation of its Subsidiaries any Environmental Law), wherein the potential liability is in excess of $25,000,000 or which questions the validity or enforceability of any Loan Document 500,000, together with a copy of each such notice received by the any Borrower or any of its the Excluded Subsidiaries.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Kti Inc)

Notice of Potential Claims or Litigation. The Borrower Each of the Borrowers shall deliver to the Banks, within 30 days of receipt thereof, written notice of the initiation of any pending action, claim, complaint, or any other notice of dispute or potential litigation against the Borrower or (including without limitation any alleged violation of its Subsidiaries any Environmental Law), wherein the potential liability is unspecified or in excess of $25,000,000 or which questions the validity or enforceability of any Loan Document 1,000,000, together with a copy of each such notice received by the any Borrower or any of its SubsidiariesSubsidiary.

Appears in 1 contract

Samples: Revolving Credit Agreement (TRC Companies Inc /De/)

Notice of Potential Claims or Litigation. The Borrower shall Borrowers will deliver to the Banks, within 30 thirty (30) days of receipt thereof, written notice of the initiation of any action, claim, complaint, or any other notice of dispute or potential litigation against the Borrower or (including without limitation any alleged violation of its Subsidiaries any Environmental Law), wherein the potential liability is in excess of $25,000,000 or which questions the validity or enforceability of any Loan Document 1,000,000, together with a copy of each such notice received by the Borrower or any of its SubsidiariesBorrower.

Appears in 1 contract

Samples: Revolving Credit Agreement (Waste Industries Usa Inc)

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