Common use of Lawsuits Clause in Contracts

Lawsuits. Any lawsuit or lawsuits are filed on behalf of one or more trade creditors against the Borrower in an aggregate amount of Two Hundred Fifty Thousand Dollars ($250,000) or more in excess of any insurance coverage.

Appears in 6 contracts

Sources: Business Loan Agreement (Impco Technologies Inc), Business Loan Agreement (Edelbrock Corp), Business Loan Agreement (Claremont Technology Group Inc)

Lawsuits. Any lawsuit or lawsuits are filed on behalf of one or more trade creditors against the Borrower in an aggregate amount of Two Hundred Fifty Thousand One Million Dollars ($250,0001,000,000) or more in excess of any insurance coverage.

Appears in 5 contracts

Sources: Business Loan Agreement (Flir Systems Inc), Business Loan Agreement (Remedytemp Inc), Business Loan Agreement (Powerwave Technologies Inc)

Lawsuits. Any lawsuit or lawsuits are filed on behalf of one or more trade creditors against the Borrower in an aggregate amount of Two Five Hundred Fifty Thousand Dollars ($250,000500,000.00) or more in excess of any insurance coverage.

Appears in 3 contracts

Sources: Revolving Credit Agreement, Term Loan Agreement (Solarcity Corp), Revolving Credit Agreement (Solarcity Corp)

Lawsuits. Any lawsuit or lawsuits are filed on behalf of one or more trade creditors against the Borrower in an aggregate amount of Two Five Hundred Fifty Thousand Dollars ($250,000500,000) or more in excess of any insurance coverage.

Appears in 3 contracts

Sources: Business Loan Agreement (E Tek Dynamics Inc), Business Loan Agreement (Channell Commercial Corp), Business Loan Agreement (United Bancorp /Or/)

Lawsuits. Any lawsuit or lawsuits are filed on behalf of one or more trade creditors against the Borrower or any Obligor in an aggregate amount of Two Hundred Fifty Thousand and 00/100 Dollars ($250,000250,000.00) or more in excess of any insurance coverage.

Appears in 2 contracts

Sources: Loan Agreement (Insys Therapeutics, Inc.), Loan Agreement (Unilens Vision Inc)

Lawsuits. Any lawsuit or lawsuits are filed on behalf of one or more trade creditors against the Borrower (or any guarantor) in an aggregate amount of Two Hundred Fifty Thousand Dollars ($250,000) or more in excess of any insurance coverage.

Appears in 2 contracts

Sources: Business Loan Agreement (Sunrise Telecom Inc), Business Loan Agreement (Sunrise Telecom Inc)

Lawsuits. Any lawsuit or lawsuits are filed on behalf of one or more trade creditors against the Borrower in an aggregate amount of Two One Hundred Fifty Thousand Dollars ($250,000100,000) or more in excess of any insurance coverage.

Appears in 2 contracts

Sources: Business Loan Agreement (Wholesome & Hearty Foods Inc), Business Loan Agreement (Variflex Inc)

Lawsuits. Any lawsuit or lawsuits are filed on behalf of one or more trade creditors against the Borrower any one or more of Borrowers in an aggregate amount of Two Hundred Fifty Thousand Dollars ($250,000) or more in excess of any insurance coverage.

Appears in 2 contracts

Sources: Business Loan Agreement (Ashworth Inc), Business Loan Agreement (Ashworth Inc)

Lawsuits. Any lawsuit or lawsuits are filed on behalf of one or more trade creditors against the any Borrower in an aggregate amount of Two Hundred Fifty Thousand Dollars ($250,000) 100,000 or more or by any other person against any Borrower in the aggregate in an amount of $100,000 or more in excess of any insurance coverage.

Appears in 1 contract

Sources: Business Loan Agreement (Crop Growers Corp)

Lawsuits. Any lawsuit or lawsuits are filed on behalf of one or more trade creditors against the Borrower or any guarantor in an aggregate amount of Two Hundred Fifty Thousand Dollars ($250,000) or more in excess of any insurance coverage.

Appears in 1 contract

Sources: Business Loan Agreement (Coffee People Inc)

Lawsuits. Any lawsuit or lawsuits are filed on behalf of one or more trade creditors against the Borrower or any Obligor in an aggregate amount of Two Hundred Fifty Thousand U.S. Dollars ($250,000250,000.00) or more in excess of any insurance coverage.

Appears in 1 contract

Sources: Revolving Line of Credit Agreement (Gse Systems Inc)

Lawsuits. Any lawsuit or lawsuits are filed on behalf of one or more trade creditors against the Borrower or any Obligor in an aggregate amount of Two Hundred Fifty Thousand U.S. Dollars (U.S. $250,000) or more in excess of any insurance coverage.

Appears in 1 contract

Sources: Loan Agreement (Annie's, Inc.)

Lawsuits. Any lawsuit or lawsuits are filed on behalf of one or more trade creditors against the Borrower (or any guarantor) in an aggregate amount of Two Hundred Fifty Thousand Million Dollars ($250,0002,000,000) or more in excess of any insurance coverage.

Appears in 1 contract

Sources: Business Loan Agreement (Wet Seal Inc)

Lawsuits. Any lawsuit or lawsuits are filed on behalf of on one or more trade creditors against the Borrower or any Obligor in an aggregate amount of Two Hundred Fifty Thousand Dollars ($250,000250,000.00) or more in excess of any insurance coverage.

Appears in 1 contract

Sources: Loan Agreement (Eloyalty Corp)

Lawsuits. Any lawsuit or lawsuits are filed on behalf of one or more trade creditors against the Borrower in an aggregate amount of Two Hundred Fifty Thousand Dollars ($250,000) 50,000 or more in excess of any insurance coverage.

Appears in 1 contract

Sources: Business Loan Agreement (Winter Sports Inc /New)

Lawsuits. Any lawsuit or lawsuits are filed on behalf of one or more trade creditors against the Borrower in an aggregate amount of Two Seven Hundred Fifty Thousand and No/100 Dollars ($250,000750,000.00) or more in excess of any insurance coverage.

Appears in 1 contract

Sources: Automobile Flooring and Security Agreement (United Auto Group Inc)

Lawsuits. Any lawsuit or lawsuits are filed on behalf of one or more trade creditors against the Borrower in an aggregate amount of Two Hundred Fifty Thousand and No/100 Dollars ($250,00050,000.00) or more in excess of any insurance coverage.

Appears in 1 contract

Sources: Business Loan Agreement (Sunrise Preschools Inc/De/)

Lawsuits. Any lawsuit or lawsuits are filed on behalf of one or more trade creditors against any one or more of the Borrower Borrowers (or any guarantor) in an aggregate amount of Two Hundred Fifty Thousand Dollars ($250,000) or more in excess of any insurance coverage.

Appears in 1 contract

Sources: Business Loan Agreement (Ashworth Inc)

Lawsuits. Any lawsuit or lawsuits are filed on behalf of one or more trade creditors against the Borrower in an aggregate amount of Two Hundred Fifty Thousand One Million and No/100 Dollars ($250,0001,000,000.00) or more in excess of any insurance coverage, except those which the Bank has been previously notified.

Appears in 1 contract

Sources: Business Loan Agreement (Image Entertainment Inc)

Lawsuits. Any lawsuit or lawsuits are filed on behalf of one or more trade creditors against the Borrower in an aggregate amount of Two Hundred Fifty Thousand Dollars ($250,00050,000) or more in excess of any insurance coverage.

Appears in 1 contract

Sources: Business Loan Agreement (Aml Communications Inc)

Lawsuits. Any lawsuit or lawsuits are filed on behalf of one or more trade creditors against the Borrower or any guarantor (or any trustor) in an aggregate amount of Two Hundred Fifty Thousand Dollars ($250,000) or more in excess of any insurance coverage.

Appears in 1 contract

Sources: Business Loan Agreement (California Jockey Club)

Lawsuits. Any lawsuit or lawsuits are filed on behalf of one or more trade creditors against the Borrower or any Obligor in an aggregate amount of Two Hundred Fifty Thousand Dollars ($250,000250,000.00) or more in excess of any insurance coverage.

Appears in 1 contract

Sources: Loan Agreement (KSW Inc)

Lawsuits. Any lawsuit or lawsuits are filed on behalf of one or more trade creditors against the Borrower in an aggregate amount of Two Seven Hundred Fifty Thousand Dollars ($250,000750,000) or more in excess of any insurance coverage.

Appears in 1 contract

Sources: Business Loan Agreement (Pia Merchandising Services Inc)

Lawsuits. Any lawsuit or lawsuits are filed on behalf of one or more trade creditors against the Borrower in an aggregate amount of Two Hundred Fifty Thousand and NO/ 100 Dollars ($250,000250,000.00) or more in excess of any insurance coverage.

Appears in 1 contract

Sources: Loan Agreement (Video Display Corp)

Lawsuits. Any lawsuit or lawsuits are filed on behalf of one or more trade creditors against the Borrower or any of the Borrower's related entities or affiliates in an aggregate amount of Two Hundred Fifty Thousand Million Dollars ($250,00050,000,000) or more in excess of any insurance coverage.

Appears in 1 contract

Sources: Business Loan Agreement (Longs Drug Stores Corp)

Lawsuits. Any lawsuit or lawsuits are filed on behalf of one or more trade creditors against the Borrower or any Obligor in an aggregate amount of Two Hundred Fifty Thousand and No/100 Dollars ($250,00050,000.00) or more in excess of any insurance coverage.

Appears in 1 contract

Sources: Loan Agreement (American Locker Group Inc)

Lawsuits. Any lawsuit or lawsuits are filed on behalf of one or more trade creditors against the Borrower or any Obligor in an aggregate amount of Two Hundred Fifty Thousand Dollars ($250,000) or more in excess of any insurance coverage.

Appears in 1 contract

Sources: Loan Agreement (Game Trading Technologies, Inc.)

Lawsuits. Any lawsuit or lawsuits are filed on behalf of one or more trade creditors against the Borrower in an aggregate amount of Two Hundred Fifty Thousand Dollars ($250,000S250,000) or more in excess of any insurance coverage.

Appears in 1 contract

Sources: Business Loan Agreement (American Eco Corp)

Lawsuits. Any lawsuit or lawsuits are filed on behalf of one or more trade creditors against the Borrower in an aggregate amount of Two Hundred Fifty Thousand and No/100 Dollars ($250,000250,000.00) or more in excess of any insurance coverage.

Appears in 1 contract

Sources: Business Loan Agreement (Temtex Industries Inc)

Lawsuits. Any lawsuit or lawsuits are filed on behalf of one or more trade creditors against the Borrower in an aggregate amount of Two One Hundred Fifty Thousand Dollars ($250,000S100,000) or more in excess of any insurance coverage.

Appears in 1 contract

Sources: Business Loan Agreement (Variflex Inc)