Common use of District Litigation Clause in Contracts

District Litigation. On December 1, 0000, Xxxx Xxxxxxx Xxxxxxxxxxxx Xxxxxxxx No. 2 (“District No. 2”), whose boundaries encompass the Project, commenced a civil action in the District Court of Pitkin County, Colorado, No. 2017-CV-30137, which asserts claims against the previous master developer of Snowmass Base Village, The Related Companies, LP and various company affiliates (“Related”), together with named attorneys and consultants of District No. 2, previous lenders to District No. 2 and/or the former master developer of Snowmass Base Village and the former receiver for Snowmass Base Village, alleging certain unlawful and fraudulent activity by the defendants as related to the organization, financial structuring and administration of District No. 2. The lawsuit seeks the award of monetary damages, disgorgement of wrongfully obtained funds and other relief, all as more fully set forth in the filed action. Please refer to the complete text of the filed complaint and related filings for further information.

District Litigation. On December 1, 0000, Xxxx Xxxxxxx Xxxxxxxxxxxx Xxxxxxxx No. 2 (“District No. 2”), whose boundaries encompass the Project, commenced a civil action in the District Court of Pitkin County, Colorado, No. 2017-CV-30137CV-thirty137, which asserts claims against the previous master developer of Snowmass Base Village, The Related Companies, LP and various company affiliates (“Related”), together with named attorneys and consultants of District No. 2, previous lenders to District No. 2 and/or the former master developer of Snowmass Base Village and the former receiver for Snowmass Base Village, alleging certain unlawful and fraudulent activity by the defendants as related to the organization, financial structuring and administration of District No. 2. The lawsuit seeks the award of monetary damages, disgorgement of wrongfully obtained funds and other relief, all as more fully set forth in the filed action. Please refer to the complete text of the filed complaint and related filings for further information.