DOJ Settlement. Seller and Shareholders shall have entered into and delivered to Buyer a court approved settlement agreement with the Department of Justice regarding the DOJ Lawsuit and all other matters pending against Seller, Shareholders or any entity owned or operated by Seller or any Shareholder by the Department of Justice or other federal, state or local regulators or agencies.
DOJ Settlement. At or prior to the Second Closing, Sellers and Parent shall have paid all amounts due and owing to the U.S. Department of Justice in connection with its investigation of Sellers’ billing practices.
DOJ Settlement. To Agent, promptly upon execution thereof, fully executed copies of any settlement agreement, corporate integrity agreement or other material document evidencing the Indebtedness permitted under Section 6.3(viii) or otherwise executed in connection with the DOJ Settlement.
DOJ Settlement. (a) Each of LBFC and New Long Beach agrees that it shall, and it shall cause its subsidiaries and affiliates to, comply in all respects with the terms and conditions set 8 forth in Old Long Beach's settlement agreement with the United States Department of Justice, dated September 6, 1996 (the "DOJ Settlement") (excluding Sections 12 and 17 through 23 of the DOJ Settlement). The parties agree to cooperate with each other in good faith with respect to any issues related to the DOJ Settlement; provided, however, that the parties will not make, and each will cause its employees, officers, directors and agents not to make, any public statement regarding the DOJ Settlement other than to describe and discuss how the DOJ Settlement specifically applies to and affects such party.
DOJ Settlement. (a) Each of LBFC and New Long Beach agrees that it shall, and it shall cause its subsidiaries and affiliates to, comply in all respects with the terms and conditions set forth in Old Long Beach's settlement agreement with the United States Department of Justice, dated September 6, 1996 (the "DOJ Settlement") (excluding Sections 12 and 17 through 23 of the DOJ Settlement). The parties agree to cooperate with each other in good faith with
DOJ Settlement. On or before February 28, 2010, or such later date as Bank and Borrower may, in their good faith business judgment, mutually agree, Borrower shall have entered into the DOJ Settlement. Borrower shall keep Bank informed, no less than two times per month or more frequently as Bank shall require, of the status of the negotiations with the Department of Justice with respect to the definitive DOJ Settlement. Borrower shall ensure that such DOJ Settlement provides, at a minimum, that, until the termination of the Loan Agreement when all Obligations of Borrower to Bank are paid-in-full and Bank has no obligation to make any further Credit Extensions to Borrower, the DOJ Obligations shall (i) be payable in accordance with scheduled terms with a present value of and in a maximum amount of principal and interest not to exceed the present value and the amount provided by Borrower to Bank, listed on Exhibit A attached hereto; and (ii) be unsecured and remain free and clear of any and all Liens or encumbrances, whether consensual, involuntary, contractual, statutory or otherwise, other than the right of set-off retained against any amounts due and owing to the Borrower by the Department of Justice or other agencies or instrumentalities of the United States of America. Borrower shall deliver to Bank, as soon as available, an executed copy of such definitive DOJ Settlement. Failure of Borrower to comply with any portion of this Section 5 shall result in an immediate Event of Default under the Loan Agreement, for which there shall be no cure period available.
