Pending Lawsuit Sample Clauses

Pending Lawsuit. Executive agrees to make himself available upon three days notice from Company, or its attorneys, to be deposed, to testify at a hearing or trial or to accede to any other reasonable request by Company in connection with any lawsuit either currently pending against Company or any lawsuit filed after Executive's separation that involves issues relating to Executive's job responsibilities or to decisions made by him during his employment with Company.

Pending Lawsuit. Promptly following closing, ▇▇. ▇▇▇▇▇▇▇▇▇▇▇ shall file a stipulation and proposed order that dismisses all claims in the Lawsuit with prejudice. The Stipulation for Dismissal with Prejudice and the proposed Order of Dismissal with Prejudice are attached as Exhibit “B.”

Pending Lawsuit. The covenants and agreements contained in this Agreement shall not be effective until the date on which the Court enters such Agreement Related to Settlement and Dismissal.

Pending Lawsuit. The Company and the Trust as Plaintiffs have initiated the filing of a lawsuit requesting damages against Security Life of Denver Ins. Co., ING America Equities, Inc., Multi-Financial Securities Corp., C▇▇▇▇▇▇ ▇▇▇▇▇▇ and J▇▇ ▇▇▇▇▇▇, as Defendants, in the District Court in and for Tulsa County, State of Oklahoma, Case No: CJ 2006-1616 (the “Pending Lawsuit”). The prosecution of the Pending Lawsuit will survive the termination of the Split Dollar Agreement; therefore, the Trust and the Company agree as follows: a. All expenses incurred to prosecute the Pending Lawsuit pursuant to that Contingent Fee Letter Agreement between the Company, Trust and G▇▇▇▇▇ ▇. ▇▇▇▇▇▇, P.C. will be paid by the Company as they become due. b. The Company and the Trust each agree that they will endeavor to use their reasonable best efforts to provide such assistance to G▇▇▇▇▇ ▇. ▇▇▇▇▇▇, P.C. necessary to allow it to prosecute the Pending Lawsuit. c. Any monetary award to the Company and/or the Trust shall be allocated to the Company and the Trust as follows: i. First, to reimburse the Company for the advance of any expenses pursuant to (a) above plus interest at the rate of seven percent (7%) per annum. In the event the monetary award is not sufficient to reimburse the Company as provided herein, the Trust will have no obligation to pay the Company any portion of such amounts not reimbursed. ii. The amount remaining, if any, after the payment pursuant to (i) above, shall be split equally between the Trust and the Company. d. The Company shall have the right to terminate its participation in the Pending Lawsuit at any time. The Company shall have no further obligations under this Paragraph 5 as of the date of its termination of participation. The Company’s interest in a monetary award shall be limited to a reimbursement of expenses as described in Paragraph 5(c)(i) above incurred as of the date of its termination of participation.

Pending Lawsuit. Sellers have informed ▇▇▇▇▇ of a lawsuit that is pending by the Company against one or more parties, from which the Sellers and Company expect to recover certain sums currently estimated at One Hundred Twenty Five Thousand Dollars (the “Pending Lawsuit”). The Parties agree that they will continue to cause the Company to pursue the Pending Lawsuit at Sellers’ expense, and Buyer covenants to Sellers that any funds net of legal expenses recovered from the Pending Lawsuit will be reimbursed to Sellers, and excluded from NWC calculations thereby reducing the accounts receivable balance used for NWC calculations.