Settlement of Lawsuits Sample Clauses

Settlement of Lawsuits. Neither CPC nor CCO shall settle or agree to settle any lawsuit to which either CPC or CCO is a party, including, without limitation, the CPC lawsuits pending in the Circuit Court for Xxxx County, Florida with the Trustees of the Internal Improvement Trust Fund of the State of Florida, without the prior written consent of Purchaser, which consent shall not be unreasonably withheld.
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Settlement of Lawsuits. The dispute described in Section VI of Schedule 3.8 attached hereto shall have been settled pursuant to written an executed settlement agreement that provides for, and will be consummated currently with, payments that are provided for in Exhibit C attached hereto.
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Settlement of Lawsuits. Seller shall have settled, on terms satisfactory to the Buyer, all of the litigation pending against the Seller, including the litigation listed in Schedule 5.1(k) attached to this Agreement, and shall demonstrate to Buyer that all settlement amounts have been duly paid.
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Settlement of Lawsuits. Make any cash payment in settlement of any litigation matters unless, after giving effect to such settlement payment and for a period of thirty (30) consecutive days prior thereto Availability is not less than $1,500,000; provided, that, without the prior written consent of Lender the Borrowers shall not make any cash payment in settlement of any of the following three litigation matters: (1) In re: Measurement Specialties, Inc. Securities Litigation, 02 Civ. No. 1071 (D.N.J.);United States District Court for the District of New Jersey; (2) Xxxxxx X. XxXxxx v. Measurement Specialties, Inc. et al., Civil Action No. 02-CV-3431; United States District Court, District of New Jersey; and (3) Hibernia Litigation; High Court of Dublin.
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Settlement of Lawsuits. In 1994, the Office of Federal Compliance Programs issued a Notice of Violation in which it alleged that two employment screening tests used by AFC were unlawful. AFC will not settle this matter without the prior written consent of Holdings, and will not admit any liability in connection therewith.
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Settlement of Lawsuits. 37 5.22 Strategic Investment..............................................................................38 5.23 Proprietary Information Agreement.................................................................38
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Settlement of Lawsuits. Target shall use commercially reasonable best efforts to settle (i) the lawsuit filed against Target in Cincinnati, Ohio on December 8, 1999 by GE Aircraft Engines Division of General Electric Company (the "GE Lawsuit"); (ii) the lawsuit filed against Target December 1999 by American Software (the "American Software Lawsuit" and collectively with the GE Lawsuit, the "Lawsuits") and (iii) the claim by Norwest Services, Inc. identified in Section 2.5 of the Targets Disclosure Letter (the "Claim") and have fully-executed and binding settlement agreements and releases (all in a form and substance reasonably satisfactory to Acquiror) with respect to the Lawsuits and the Claim on or before December 17, 1999. The GE Lawsuit shall be settled for no more than $900,000, the American Software Lawsuit shall be settled for no more than $70,000 and the Claim shall be settled for a discount of no more than twenty percent. The settlement terms in the Lawsuits and the Claim shall contain confidentiality provisions and the agreement of the plaintiffs to not disparage Target or its business in any way.
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Related to Settlement of Lawsuits

  • Litigation; Governmental Proceedings There is no action, suit, proceeding, inquiry, arbitration, investigation, litigation or governmental proceeding pending or, to the Company’s knowledge, threatened against, or involving the Company or, to the Company’s knowledge, any executive officer or director which has not been disclosed in the Registration Statement, the Pricing Disclosure Package and the Prospectus or in connection with the Company’s listing application for the listing of the Public Securities on the Exchange.

  • Cooperate in Legal Proceedings Borrower shall cooperate fully with Lender with respect to any proceedings before any court, board or other Governmental Authority which may in any way affect the rights of Lender hereunder or any rights obtained by Lender under any of the other Loan Documents and, in connection therewith, permit Lender, at its election, to participate in any such proceedings.

  • Litigation; Governmental Orders (a) There are no claims, actions, causes of action, demands, lawsuits, arbitrations, inquiries, audits, notices of violation, proceedings, litigation, citations, summons, subpoenas, or investigations of any nature, whether at law or in equity (collectively, “Actions”) pending or, to Seller’s knowledge, threatened against or by the Company, Seller, or any Affiliate of Seller: (i) relating to or affecting the Company or any of the Company’s properties or assets; or (ii) that challenge or seek to prevent, enjoin, or otherwise delay the transactions contemplated by this Agreement. No event has occurred or circumstances exist that may give rise to, or serve as a basis for, any such Action.

  • No Legal Actions No court or governmental authority of competent jurisdiction shall have issued an order, not subsequently vacated, restraining, enjoining or otherwise prohibiting the consummation of the transactions contemplated by this Agreement, and no person shall have instituted an action or proceeding which shall not have been previously dismissed seeking to restrain, enjoin or prohibit the consummation of the transactions contemplated by this Agreement or seeking damages with respect thereto.

  • No Governmental Actions No action or proceeding before any governmental authority shall have been instituted or threatened to restrain or prohibit the transactions contemplated by this Agreement, and the parties hereto shall have delivered to each other certificates dated as of the Closing Date and executed by such parties, staling that to their Best Knowledge, no such items exist. No governmental authority shall have taken any other action as a result of which the management of any of the parties, in its sole discretion, reasonably deems it inadvisable to proceed with the transactions contemplated by this Agreement.

  • Litigation; Government Proceedings No action, suit or proceeding by or before any court or governmental agency, authority or body or any arbitrator involving the Company, or to the Company’s knowledge, the Sponsor, or any executive officer or director of the Company, or its or their property is pending or, to the knowledge of the Company, threatened that (i) would reasonably be expected to have a material adverse effect on the performance of this Agreement or the consummation of any of the transactions contemplated hereby or (ii) would reasonably be expected to have a Material Adverse Effect, except as set forth in or contemplated in the Statutory Prospectus and the Prospectus (exclusive of any supplement thereto).

  • No Legal Proceedings No suit, action or other legal or administrative proceedings before any court or other governmental agency shall be pending or threatened seeking to enjoin the consummation of the Transactions contemplated hereby.

  • No Governmental Proceedings No action or proceeding has been commenced or threatened by any governmental agency to restrain or prohibit or invalidate the Transaction.

  • No Actions, Suits or Proceedings No action, suit or proceeding by or before any court or governmental agency, authority or body or any arbitrator involving the Company or any of its subsidiaries or its or their property is pending or, to the best knowledge of the Company, threatened that (i) could reasonably be expected to have a Material Adverse Effect on the performance of this Agreement or the consummation of any of the transactions contemplated hereby or (ii) could reasonably be expected to result in a Material Adverse Effect.

  • Litigation and Legal Proceedings Except as disclosed on Schedule 3.11, there is no litigation, claim, investigation, administrative proceeding, labor controversy or similar action that is pending or (to the best of each Borrower's knowledge and information after due inquiry) threatened against any Borrower or its properties that, if adversely resolved, could reasonably be expected to have or cause a Material Adverse Effect.

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