Common use of 4Litigation Clause in Contracts

4Litigation. There are no actions or proceedings pending or, to the knowledge of any Responsible Officer, threatened in writing by or against Borrower or any of its Subsidiaries that would reasonably be expected to result in damages or costs to Borrower or any of its Subsidiaries in an amount more than, individually or in the aggregate, Two Hundred Fifty Thousand Dollars ($250,000).

4Litigation. There are no actions actions, investigations or proceedings pending or, to the knowledge of any Responsible Officer, threatened in writing by or against Borrower or any of its Subsidiaries that which would reasonably be expected to result in damages or costs costs, including settlement payments, to Borrower or any of its Subsidiaries in an amount more than, individually or in the aggregate, Two Five Hundred Fifty Thousand Dollars ($250,000500,000).