Notices of Litigation, Etc. The Company will promptly, and in -------------------------- any event within seven days after the Company has knowledge of such event, give written notice to each director of (i) any litigation or any administrative proceeding to which it or any of its Subsidiaries may hereafter become a party which after giving effect to applicable insurance may result in a charge against income in excess of $50,000, and (ii) any material default by the Company under this Agreement, any other Related Agreement or any other Contractual Obligation, specifying the nature of the material default and stating the action the Company has taken or proposes to take with respect thereto.
Notices of Litigation, Etc. The Company will promptly, and in any event within five (5) days, give to each Major Investor written notice of (a) any occurrence that could reasonably be expected to have a material adverse effect on the properties, assets, liabilities, financial condition, business, operations or prospects of the Company, (b) any default under any indebtedness for money borrowed or any material agreement, and (c) any litigation or any administrative proceeding to which the Company may hereafter become a party, excepting only those in which the only relief sought is money damages in an amount not exceeding $10,000 in any one instance, or $50,000 in the aggregate with respect to all such litigation or proceedings. Upon request, the Company will promptly furnish to each Major Investor copies of all correspondence, notices, pleadings, reports, and other documents in connection with any litigation or proceeding in which it is involved or that may be received from any governmental agency or other person asserting a claim or potential claim against the Company, to the extent that such disclosure is lawful and does not breach the attorney-client privilege as it relates to such litigation or proceeding. Promptly after the receipt thereof, the Company will provide to each Major Investor copies of any reports (including management letters and reports and letters with respect to the adequacy of the Company’s internal accounting controls) submitted by independent accountants with respect to the Company.
Notices of Litigation, Etc. The Company will promptly give to each Substantial Stockholder notice of any litigation or any administrative proceeding to which the Company may hereafter become a named party, excepting only those in which the only relief sought is money damages in an amount not exceeding $100,000 in any one instance, or $250,000 in the aggregate with respect to all such litigations or proceedings. Upon the request of a Substantial Stockholder, the Company will promptly furnish to such Substantial Stockholder copies of all correspondence, notices, pleadings, reports and other documents in connection with any litigation or proceeding in which it is currently involved or of which it is required to give notice hereunder or that may be received from any governmental agency or other person asserting a claim or potential claim against the Company, except with respect to such correspondence, notices, pleadings, reports and other documents that the Company reasonably believes are subject to attorney-client privilege, work-product doctrine, or such other evidentiary privilege or similar doctrine. Promptly after the receipt thereof, the Company will provide to each Substantial Stockholder copies of any reports (including management letters and reports and letters with respect to the adequacy of the Company’s internal accounting controls) submitted by independent accountants with respect to the Company.
Notices of Litigation, Etc. The Company will promptly give notice to each Significant Holder of any litigation or any administrative proceeding to which the Company may hereafter become a party, excepting only those in which the only relief sought is money damages in an amount not exceeding $100,000 in any one instance, or $200,000 in the aggregate in any one fiscal year with respect to all such litigation or proceedings. Upon request of any Significant Holder, the Company will promptly furnish to such holder copies of all correspondence, notices, pleadings, reports and other documents in connection with any litigation or proceeding in which it is currently involved or with respect to which it is required to give notice hereunder or that may be received from any third party asserting a claim or potential claim against the Company, subject to the exceptions set forth above. Promptly after the receipt thereof, the Company will provide to each Significant Holder copies of any reports (including management letters and reports and letters with respect to the adequacy of the Company’s internal accounting controls) submitted by independent accountants with respect to the Company.
Notices of Litigation, Etc. The Company will promptly give notice to the Investor of any litigation or any administrative proceeding to which the Company or the Subsidiary may hereafter become a party, excepting only those in which the only relief sought is money damages in an amount not exceeding $50,000 in any one instance, or $125,000 in the aggregate in any one fiscal year with respect to all such litigation or proceedings. Promptly after the receipt thereof, the Company will provide to the Investor copies of any reports (including management letters and reports and letters with respect to the adequacy of the Company’s internal accounting controls) submitted by independent accountants with respect to the Company or the Subsidiary.
Notices of Litigation, Etc. The Company will promptly give notice to each holder of shares of Series D Preferred Stock of any litigation or any administrative proceeding to which the Company may hereafter become a party, excepting only those in which the only relief sought is money damages in an amount not exceeding $20,000 in any one instance, or $50,000 in the aggregate with respect to all such litigation or proceedings. The Company will promptly furnish to each holder of shares of Series D Preferred Stock copies of all correspondence, notices, pleadings, reports, and other documents in connection with any litigation or proceeding in which it is currently involved or of which it is required to give notice hereunder or that may be received from any governmental agency or other person asserting a claim or potential claim against the Company. Promptly after the receipt thereof, the Company will provide to each holder of shares of Series D Preferred Stock copies of any reports (including management letters and reports and letters with respect to the adequacy of the Company's internal accounting controls) submitted by independent accountants with respect to the Company.
