Common use of Notification of litigation Clause in Contracts

Notification of litigation. The Guarantor will provide the Security Trustee with details of any material legal or administrative action involving the Guarantor as soon as such action is instituted or it becomes apparent to the Guarantor that it is likely to be instituted (and for this purpose proceedings shall be deemed to be material if they involve a claim in an amount exceeding twenty million Dollars ($20,000,000) or the equivalent in another currency).

Notification of litigation. The Guarantor will provide the Security Trustee with details of any material legal or administrative action involving the Guarantor as soon as such action is instituted or it becomes apparent to the Guarantor that it is likely to be instituted (and for this purpose proceedings shall be deemed to be material if they involve a claim in an amount exceeding twenty ten million Dollars ($20,000,000) or the equivalent in another currency).

Notification of litigation. The Guarantor will provide the Security Trustee with details of any material legal or administrative action involving the Guarantor as soon as such action is instituted or it becomes apparent to the Guarantor that it is likely to be instituted (and for this purpose proceedings shall be deemed to be material if they involve a claim in an amount exceeding twenty million Dollars ($20,000,000) or the equivalent in another currency).

Notification of litigation. The Guarantor will provide the Security Trustee with details of any material legal legal, arbitral or administrative action proceedings involving the Guarantor or any other Obligor (other than the Approved Manager) or Group Member as soon as such action is instituted or it becomes apparent to the Guarantor that it is likely to be instituted instituted, provided that such proceedings (and for this purpose proceedings shall be deemed to be material if they adversely determined) might have a Material Adverse Effect or which would involve a claim in an amount liability (or a potential or alleged liability) exceeding twenty million Dollars $7,000,000 ($20,000,000) or the its equivalent in another currencyother currencies).

Notification of litigation. The Guarantor will provide the Security Trustee with details of any material legal or administrative action involving the Guarantor in an amount equal to or exceeding $1,000,000 as soon as such action is instituted or it becomes apparent to instituted, unless the Guarantor reasonably believes that it is likely to the legal or administrative action cannot be instituted (and for considered material in the context of this purpose proceedings shall be deemed to be material if they involve a claim in an amount exceeding twenty million Dollars ($20,000,000) or the equivalent in another currency)Guarantee.

Notification of litigation. The Guarantor will provide the Security Trustee with details of any material legal or administrative action involving the Guarantor as soon as such action is instituted or it becomes apparent to the Guarantor that it is likely to be instituted instituted, unless either (and for i) it is clear that the legal or administrative action cannot be considered material in the context of this purpose proceedings shall be deemed Guarantee or (ii) relates to be material if they involve a any claim in of an amount exceeding twenty million Dollars (that is less than $20,000,000) or the equivalent in another currency)500,000.