Significant Litigation definition

Significant Litigation means each action, suit, proceeding, litigation and controversy involving Borrower involving claims in excess of Two Million Dollars ($2,000,000.00) or which if determined adverse to the interests of Borrower could result in a Material Adverse Change.
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Significant Litigation means any litigation, arbitration, mediation and/or similar dispute resolution matters and/or proceedings pertaining to a particular dispute or series of related disputes that either General Partner reasonably estimates will cost the Partnership and/or any SP Subsidiaries aggregate legal fees, costs and expenses in excess of Five Hundred Thousand Dollars ($500,000).
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Significant Litigation means each action, suit, proceeding, litigation and controversy against, or to the actual knowledge of Borrowers threatened, or affecting any member of the Argosy Consolidation, or any of them, not fully covered by insurance or that is subject to a reservation of rights and involving claims in excess of Three Million Dollars ($3,000,000.00) or which if determined adverse to the interests of any member of the Argosy Consolidation, or any of them, would reasonably be expected to result in a Material Adverse Change.
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Examples of Significant Litigation in a sentence

  • The Facility is under Court Order or Class Action FindingCourt Order Class Action OrderThe Facility has Significant Litigation Pending Major Litigation Life/Safety IssuesCheck if None.

  • The Facility is under Court Order or Class Action FindingCourt Order Class Action OrderThe Facility has Significant Litigation PendingMajor Litigation Life/Safety Issues Check if None.

  • Prepared approximately 90 appellate briefs and writs responses relating to child welfare and child dependency cases.• Significant Litigation Unit Accomplishments: Developed summons and complain handbook for county staff.

  • The Facility is under Court Order or Class Action Finding Court Order Class Action OrderThe Facility has Significant Litigation Pending Major Litigation Life/Safety Issues Check if None.

  • The Facility has Significant Litigation Pending Major Litigation Life/Safety IssuesThe Facility is under Court Order or Class Action Finding Court Order Class Action Order Check if None.

  • The perspective plan for the next 05 years was prepared to take into consideration the changing needs of the hour.

  • The site plan application should include a table listing all trees to be removed, and how the proposed landscape plan will satisfy the 2-to-1 replacement requirements.

  • The Settlement Provides for Reasonable Compensation for Class26 Members in Light of Significant Litigation Risks 1427 E.

  • A floor levels survey was undertaken to establish the level of unevenness.

  • He has been invited to join monthly meetings in the district on an antiracism focus group.


More Definitions of Significant Litigation

Significant Litigation means each action, suit, proceeding, litigation and controversy involving Borrower involving claims in excess of One Million Dollars ($1,000,000.00) or which if determined adversely to the interests of Borrower, could have a Material Adverse Effect.
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Related to Significant Litigation

  • Material Litigation is defined in Section 6.7.

  • Disclosed Litigation has the meaning specified in Section 3.01(b).

  • Pending Litigation means a proceeding in a court of law whose activity is in progress but not yet completed.

  • Transaction Litigation means any Legal Proceeding commenced or threatened against a Party or any of its Subsidiaries or Affiliates (and/or their respective directors and/or executive officers) or otherwise relating to, involving or affecting such Party or any of its Subsidiaries or Affiliates, in each case in connection with, arising from or otherwise relating to the Transaction or the consummation thereof, other than any Legal Proceedings among the Parties or their Affiliates related to this Agreement.

  • Threatened litigation as used herein shall include governmental investigations and civil investigative demands. “Litigation” as used herein shall include administrative enforcement actions brought by governmental agencies. The Contractor must also disclose any material litigation threatened or pending involving Subcontractors, consultants, and/or lobbyists. For purposes of this section, “material” refers, but is not limited, to any action or pending action that a reasonable person knowledgeable in the applicable industry would consider relevant to the Work under the Contract or any development such a person would want to be aware of in order to stay fully apprised of the total mix of information relevant to the Work, together with any litigation threatened or pending that may result in a substantial change in the Contractor’s financial condition.

  • Litigation means any action, suit or proceeding before any court, mediator, arbitrator or Governmental Authority.

  • Adverse action means a home or remote state action.

  • Material Condemnation has the meaning set forth in Section 14.2.1.

  • Significant change means a major decline or improvement in the tenant’s status which does not normally resolve itself without further interventions by staff or by implementing standard disease-related clinical interventions that have an impact on the tenant’s mental, physical, or functional health status.

  • Material Casualty has the meaning set forth in Section 14.1.1.

  • Tax Contest means an audit, review, examination, or any other administrative or judicial proceeding with the purpose or effect of redetermining Taxes (including any administrative or judicial review of any claim for refund).

  • Lawsuit means any lawsuit, arbitration or other dispute resolution filed by either party herein pertaining to any of this Warrant, the Facility Agreement and the Registration Rights Agreement.

  • Significant deficiency means a shortcoming in the system that materially affects the ability of officials of the Department of Defense to rely upon information produced by the system that is needed for management purposes.

  • Significant Assets means one or more assets or businesses which, when purchased, optioned or otherwise acquired by the CPC, together with any other concurrent transactions, would result in the CPC meeting the initial listing requirements of the Exchange.

  • legal or administrative action means any legal proceeding or arbitration and any administrative or regulatory action or investigation;

  • Significant business transaction means any business transaction or series of transactions that, during any one fiscal year, exceeds the lesser of $25,000 or 5 percent of the total operating expense of a provider.

  • Legal Action means and includes any claim, counterclaim, demand, action, suit, counterclaim, arbitration, inquiry, proceeding or investigation before any

  • Litigation Claims means the claims, rights of action, suits or proceedings, whether in law or in equity, whether known or unknown, that any Debtor or any Estate may hold against any Person or Entity, including, without limitation, the Causes of Action of the Debtors or their Estates, in each case solely to the extent of the Debtors’ or their Estates’ interest therein. A non-exclusive list of the Litigation Claims held by the Debtors as of the Effective Date will be Filed with the Plan Supplement, which will be deemed to include any derivative actions filed against any Debtor as of the Effective Date.

  • Adverse Proceeding means any action, suit, proceeding (whether administrative, judicial or otherwise), governmental investigation or arbitration (whether or not purportedly on behalf of Holdings or any of its Subsidiaries) at law or in equity, or before or by any Governmental Authority, domestic or foreign (including any Environmental Claims), whether pending or, to the knowledge of Holdings or any of its Subsidiaries, threatened against or affecting Holdings or any of its Subsidiaries or any property of Holdings or any of its Subsidiaries.

  • Adverse employment action means an action that affects an em- ployee ’s compensation, promotion, transfer, work assignment, or performance evaluation, or any other employment action that would dissuade a reasonable employee from making or supporting a report of abuse or neglect under Family Code 261.101.

  • Environmental Claims means all claims, however asserted, by any Governmental Authority or other Person alleging potential liability or responsibility for violation of any Environmental Law, or for release or injury to the environment.

  • Tax Audit means any audit, assessment, or other examination relating to Taxes by any Tax Authority or any judicial or administrative proceedings relating to Taxes.

  • Significant impact means that the proposal is likely to have a noticeable effect on specific section(s) of the community greater than on the general community at large.