Material Proceeding definition
Material Proceeding any litigation, investigation or other proceeding by or before any Governmental Authority (i) which involves any of the Loan Documents or any of the transactions contemplated thereby, or involves a Covered Person as a party or any property of a Covered Person, and would have a Material Adverse Effect with respect to any Covered Person if adversely determined, (ii) in which there has been issued an injunction, writ, temporary restraining order or any other order of any nature which purports to restrain or enjoin the making of any Advance, the consummation of any other transaction contemplated by the Loan Documents, or the enforceability of any provision of any of the Loan Documents, (iii) which involves the actual or alleged breach or violation by a Covered Person of, or default by a Covered Person under, any Material Agreement, or (iv) which involves the actual or alleged violation by a Covered Person of any Material Law.
Material Proceeding means any litigation, investigation or other proceeding by or before any Governmental Authority (a) which involves any of the Loan Documents or any of the transactions contemplated thereby, or involves a Covered Person as a party or any property of Covered Person, and its reasonably likely to have a Material Adverse Effect, or (b) in which there has been issued an injunction, writ, temporary restraining order or any other order of any nature which purports to restrain or enjoin the making of any Loan, the consummation of any other transaction contemplated by the Loan Documents, or the enforceability of any provision of any of the Loan Documents.
Material Proceeding means any litigation, investigation or other proceeding by or before any Governmental Authority (a) which involves any of the Credit Documents or any of the transactions contemplated hereby or thereby, or involves the Borrower or any of its Subsidiaries as a party or the property of Borrower or any of its Subsidiaries, and could have a Material Adverse Effect if adversely determined, (b) in which there has been issued an injunction, writ, temporary restraining order or any other order of any nature which purports to restrain or enjoin the making of any requested Extension of Credit, the consummation of any other transaction contemplated by the Credit Documents, or the enforceability of any provision of any of the Credit Documents, (c) which involves the actual or alleged breach or violation by the Borrower or any of its Subsidiaries of, or default by the Borrower or any of its Subsidiaries under, any Material Contract or (d) which involves the actual or alleged violation by the Borrower or any of its Subsidiaries of any applicable law.
Examples of Material Proceeding in a sentence
In addition, Borrower shall furnish to Administrative Agent from time to time all information which Administrative Agent reasonably requests with respect to the status of any Material Proceeding.
Borrower shall, promptly upon any Responsible Officer of Borrower obtaining knowledge or notice thereof, give notice to Administrative Agent of (i) any breach of any of the covenants in Section 14, 15, or 16; (ii) any Default or Event of Default; and (iii) the commencement of any Material Proceeding.
There is no Material Proceeding to which Televisa HoldCo is a party in connection with any insurance or bonds policies.
There is no Material Proceeding by any of the Target Companies under any of such policies as to which coverage has been denied or disputed by the underwriters of such policies.
In addition, no such Material Proceeding has been threatened and (2) no event has occurred or circumstance exists that is reasonably likely to give rise to or serve as a basis for the commencement of any such Material Proceeding.
More Definitions of Material Proceeding
Material Proceeding is defined in Section 6.01(L).
Material Proceeding has the meaning given to it in Section 7.11(b).
Material Proceeding means, with respect to any Person, to file any insolvency or reorganization case or proceeding, to institute proceedings to have such Person be adjudicated bankrupt or insolvent, to institute proceedings under any applicable insolvency law, to seek any relief under any law relating to relief from debts or the protection of debtors, to consent to the filing or institution of bankruptcy or insolvency proceedings against such Person, to file a petition seeking, or consent to, reorganization or relief with respect to such Person under any applicable federal or state law relating to bankruptcy or insolvency, to seek or consent to the appointment of a receiver, liquidator, assignee, trustee, sequestrator, custodian, or any similar official of or for such Person or a substantial part of its property, to make any assignment for the benefit of creditors of such Person, to admit in writing such Person's inability to pay its debts generally as they become due, or to take action in furtherance of any of the foregoing.
Material Proceeding any litigation, investigation or other proceeding by or before any Governmental Authority which, if adversely determined, would be reasonably likely to have a Material Adverse Effect.
Material Proceeding means any litigation, investigation or other proceeding by or before any Governmental Body (a) which involves any of the Guarantor Credit Documents or any of the transactions contemplated thereby, (b) which involves the Guarantor or any of its Subsidiaries as a party or the property of the Guarantor or any of its Subsidiaries, and could reasonably be expected to have a Material Adverse Effect if adversely determined, (c) in which there has been issued an injunction, writ, temporary
Material Proceeding means any litigation, investigation or other proceeding by or before any Governmental Body (a) which involves any of the Guarantor Credit Documents or any of the transactions contemplated thereby, (b) which involves the Guarantor or any of its Subsidiaries as a party or the property of the Guarantor or any of its Subsidiaries, and could reasonably be expected to have a Material Adverse Effect if adversely determined, (c) in which there has been issued an injunction, writ, temporary restraining order or any other order of any nature which purports to restrain or enjoin the making of any requested Extension of Credit, the consummation of any other transaction contemplated by the Guarantor Credit Documents, or the enforceability of any provision of any of the Guarantor Credit Documents, (d) which involves the breach or violation by the Guarantor or any of its Subsidiaries of, or default by the Guarantor or any of its Subsidiaries under, any Material Contract which, in each case, could reasonably be expected to have a Material Adverse Effect or (e) which involves the violation by the Guarantor or any of its Subsidiaries of any applicable law which could reasonably be expected to have a Material Adverse Effect;
Material Proceeding any litigation, investigation or other proceeding by or before any Governmental Authority (i) which involves any of the Loan Documents or any of the transactions contemplated thereby, or involves Borrower as a party or any property of Borrower, and would have a Material Adverse Effect on Borrower if adversely determined, (ii) in which there has been issued an injunction, writ, temporary restraining order or any other order of any nature which purports to restrain or enjoin the making of any Advance, the consummation of any other transaction contemplated by the Loan Documents, or the enforceability of any provision of any of the Loan Documents, (iii) which involves the actual or alleged breach or violation by Borrower of, or default by Borrower under, any Material Agreement, or (iv) which involves the actual or alleged violation by Borrower of any Material Law.