Common use of Notification of Legal Proceedings Clause in Contracts

Notification of Legal Proceedings. No later than three days after discovery, the Customer will notify WFBC in writing of (a) any litigation or other proceeding before any court or governmental agency which seeks a monetary recovery against the Customer in excess of $100,000 or (b) any Insolvency Proceeding against the Customer.

Notification of Legal Proceedings. No later than three days after discovery, the Customer will notify WFBC in writing of (a) any litigation or other proceeding before any court or governmental agency which seeks a monetary recovery against the Customer in excess of $100,000 5,000,000 or (b) any Insolvency Proceeding against the Customer. The Customer will notify WFBC in advance of the filing of any Insolvency Proceeding by the Customer.

Notification of Legal Proceedings. No later than three (3) days after discovery, the Customer will notify WFBC WFB in writing of (a) any litigation or other proceeding before any court or governmental agency which seeks a monetary recovery against the Customer in excess of $100,000 50,000 or (b) any Insolvency Proceeding against the Customer. The Customer will notify WFB in advance of the filing of any Insolvency Proceeding by the Customer.

Notification of Legal Proceedings. No later than three days (3) Business Days after discovery, the Customer will notify WFBC in writing of (a) any litigation or other proceeding before any court or governmental agency which seeks a monetary recovery against the Customer in excess of $100,000 250,000 or (b) any Insolvency Proceeding against the Customer.