Common use of Suits or Other Proceedings Clause in Contracts

Suits or Other Proceedings. Upon any officer of the Borrower obtaining knowledge of any action, suit, litigation, investigation, or other proceeding being instituted or threatened against the Borrower or any Subsidiary, in any court or before any Governmental Authority, or any attachment, levy, execution or other process being instituted against any assets of the Borrower or any Subsidiary, making a claim or claims in an aggregate amount greater than $5,000,000, exclusive of punitive damages, not otherwise covered by insurance or that would otherwise be reasonably expected to have a Material Adverse Effect, promptly deliver to the Agent written notice thereof stating the nature and status of such action, suit, litigation, investigation, dispute, proceeding, levy, execution or other process.

Suits or Other Proceedings. Upon any officer of the Borrower obtaining knowledge of any action, suit, litigation, investigation, or other proceeding being instituted or threatened against the Borrower or any Subsidiary, in any court or before any Governmental Authority, or any attachment, levy, execution or other process being instituted against any assets of the Borrower or any Subsidiary, making a claim or claims in an aggregate amount greater than $5,000,000, exclusive of punitive damages, not otherwise covered by insurance or that would otherwise be reasonably expected to have a Material Adverse Effect, promptly deliver to the Agent written notice thereof stating the nature and status of such action, suit, litigation, investigation, dispute, proceeding, levyxxxx, execution or other process. 8.12.

Suits or Other Proceedings. Upon any officer of the Borrower obtaining knowledge of (a) any action, suit, litigation, investigation, action or proceeding against the Borrower or any Subsidiary by any Governmental Authority the outcome of which could reasonably be expected to have a Material Adverse Effect or (b) any litigation or other proceeding proceedings being instituted or threatened against the Borrower or any Subsidiary, in any court or before any Governmental Authority, or any attachment, levy, execution or other process being instituted against any assets of the Borrower or any Subsidiary, making a claim or claims in an aggregate amount in respect of all such proceedings and processes greater than $5,000,000, exclusive of punitive damages, 1,000,000 not otherwise covered by insurance or that would otherwise be reasonably expected to have a Material Adverse Effectinsurance, in each case promptly deliver to the Agent written notice thereof stating the nature and status of such action, suit, litigation, investigation, dispute, proceeding, levy, execution or other process.