UMC Litigation definition
UMC Litigation means any of the claims, proceedings (present or future) and causes of action involving the Borrower and/or any of its Affiliates (including UMC) relating to or arising out of the sale of UMC to the Borrower or the acquisition, reorganisation or ownership of UMC by the Borrower.
Examples of UMC Litigation in a sentence
The UMC Litigation is adversely determined and, in the reasonable opinion of the Lender, such adverse determination has or is reasonably likely to have a Material Adverse Effect.
The UMC Litigation is adversely determined and, in the reasonable opinion of the Majority Lenders, such adverse determination has or is reasonably likely to have a Material Adverse Effect.
The UMC Litigation is adversely determined, and (i) at the time of such determination, UMC is a Significant Subsidiary and (ii) any losses incurred by any member of the Group as a consequence of such adverse determination of the UMC Litigation exceed in aggregate USD 75,000,000 or its equivalent in any other currency or currencies (including legal fees and associated expenses).