Legal Action Notice. A prompt report of any legal actions pending or threatened in writing against any Loan Party or any of its Subsidiaries that could result in damages or costs to any Loan Party or any of its Subsidiaries, individually or in the aggregate for all related proceedings, of $250,000 or more, or of any Loan Party or any of its Subsidiaries taking or threatening legal action against any third person with respect to a material claim, and with respect to any pending action or threatened action, promptly report any material development with respect thereto.
Appears in 3 contracts
Sources: Loan and Security Agreement (Metacrine, Inc.), Loan and Security Agreement (Metacrine, Inc.), Loan and Security Agreement (Metacrine, Inc.)
Legal Action Notice. A prompt report of any legal actions pending or threatened in writing against any Loan Party or any of its Subsidiaries that could result in damages or costs to any Loan Party or any of its Subsidiaries, individually or in the aggregate for all related proceedings, of Five Hundred Thousand Dollars ($250,000 500,000) or more, or of any Loan Party or any of its Subsidiaries taking or threatening legal action against any third person with respect to a material claim, and with respect to any pending action or threatened action, promptly a prompt report of any material development with respect thereto.
Appears in 3 contracts
Sources: Loan and Security Agreement (Porch Group, Inc.), Loan and Security Agreement (Evelo Biosciences, Inc.), Loan and Security Agreement (Evelo Biosciences, Inc.)
Legal Action Notice. A prompt report of any legal actions pending initiated or threatened in writing that occur after the Closing Date against any Loan Party or any of its Subsidiaries that could reasonably result in damages or costs to any Loan Party or any of its SubsidiariesParty, individually or in the aggregate for all related proceedings, of Two Hundred Fifty Thousand dollars ($250,000 250,000) or more, or of any Loan Party or any of its Subsidiaries taking or threatening legal action against any third person with respect to a material claim, and with respect to any pending legal action existing or threatened actionaction in writing as of the Closing Date or initiated thereafter, promptly a prompt report of any material adverse development with respect thereto.
Appears in 3 contracts
Sources: Loan and Guaranty Agreement (Ault Alliance, Inc.), Loan and Guaranty Agreement (Ault Alliance, Inc.), Loan and Guaranty Agreement (BitNile Holdings, Inc.)
Legal Action Notice. A prompt report of any legal actions pending or threatened in writing against any Loan Party or any of its Subsidiaries that could result in damages or costs to any Loan Party or any of its Subsidiaries, individually or in the aggregate for all related proceedings, of Five Hundred Thousand Dollars ($250,000 500,000.00) or more, or of any Loan Party or any of its Subsidiaries taking or threatening legal action against any third person with respect to a material claim, and with respect to any pending action or threatened action, promptly a prompt report of any material development with respect thereto.
Appears in 3 contracts
Sources: Loan and Security Agreement (Mind Medicine (MindMed) Inc.), Loan and Security Agreement (Aptinyx Inc.), Loan, Guaranty, and Security Agreement (ASLAN Pharmaceuticals LTD)
Legal Action Notice. A prompt report of any legal actions pending or threatened in writing against any Loan Party or any of its Subsidiaries that could reasonably be expected to result in damages or costs to any Loan Party or any of its Subsidiaries, individually or in the aggregate for all related proceedings, of Two Hundred Fifty Thousand Dollars ($250,000 250,000.00) or more, or of any Loan Party or any of its Subsidiaries taking or threatening in writing legal action against any third person with respect to a material claim, and with respect to any pending action or threatened in writing action, promptly a prompt report of any material development with respect thereto.
Appears in 3 contracts
Sources: Loan and Security Agreement (Alto Neuroscience, Inc.), Loan and Security Agreement (Alto Neuroscience, Inc.), Loan and Security Agreement (Alto Neuroscience, Inc.)
Legal Action Notice. A prompt report of any legal actions pending or threatened in writing against any Loan Party or any of its Subsidiaries that could result in damages or costs to any Loan Party or any of its Subsidiaries, individually or in the aggregate for all related proceedings, of Two Hundred Fifty Thousand Dollars ($250,000 250,000) or more, or of any Loan Party or any of its Subsidiaries taking or threatening legal action against any third person with respect to a material claim, and with respect to any pending action or threatened action, promptly a prompt report of any material development with respect thereto.
Appears in 2 contracts
Sources: Loan and Security Agreement (Surface Oncology, Inc.), Loan and Security Agreement (Surface Oncology, Inc.)
Legal Action Notice. A prompt report of any legal actions pending or threatened in writing against any Loan Party or any of its Subsidiaries that could result in damages or costs to any Loan Party or any of its Subsidiaries, individually or in the aggregate for all related proceedings, of $250,000 500,000 or more, or of any Loan Party or any of its Subsidiaries taking or threatening legal action against any third person with respect to a material claim, and with respect to any pending action or threatened action, promptly a prompt report of any material development with respect thereto.
Appears in 2 contracts
Sources: Loan and Security Agreement (Werewolf Therapeutics, Inc.), Loan and Security Agreement (Corbus Pharmaceuticals Holdings, Inc.)
Legal Action Notice. A prompt report of any legal actions pending or threatened in writing against any Loan Party or any of its Subsidiaries that could result in damages or costs to any Loan Party or any of its Subsidiaries, individually or in the aggregate for all related proceedings, of $250,000 or more, or of any Loan Party or any of its Subsidiaries taking or threatening legal action against any third person with respect to a material claim, and with respect to any pending action or threatened action, promptly a prompt report of any material development with respect thereto.
Appears in 2 contracts
Sources: Loan and Security Agreement (89bio, Inc.), Loan and Security Agreement (89bio, Inc.)
Legal Action Notice. A prompt report of any legal actions pending or threatened in writing against any Loan Party or any of its Subsidiaries Controlled Entity that could result in damages or costs to any Loan Party or any of its SubsidiariesControlled Entity of, individually or in the aggregate for all related proceedingsaggregate, of Five Hundred Thousand Dollars ($250,000 500,000.00) or more, or of any Loan Party or any of its Subsidiaries taking or threatening legal action against any third person with respect to a material claim, and with respect to any pending action or threatened action, promptly report any material development with respect thereto.;
Appears in 2 contracts
Sources: Loan and Security Agreement (ATAI Life Sciences N.V.), Loan and Security Agreement (ATAI Life Sciences N.V.)
Legal Action Notice. A prompt report of any legal actions pending or threatened in writing against any Loan Party or any of its Subsidiaries that could would reasonably be expected to result in damages or costs to any Loan Party or any of its SubsidiariesSubsidiaries of, individually or in the aggregate for all related proceedingsaggregate, of Twenty Five Thousand Dollars ($250,000 25,000) or more, or of any Loan Party or any of its Subsidiaries taking or threatening legal action against any third person with respect to a material claim, and with respect to any pending action or threatened action, promptly report any material development with respect thereto.
Appears in 2 contracts
Sources: Loan and Security Agreement, Loan and Security Agreement (Aspen Group, Inc.)
Legal Action Notice. A prompt report of any legal actions pending or threatened in writing against any Loan Party or any of its Subsidiaries that could reasonably be expected to result in damages or costs to any Loan Party or any of its Subsidiaries, individually or in the aggregate for all related proceedings, of $250,000 500,000 or more, or of any Loan Party or any of its Subsidiaries taking or threatening legal action against any third person with respect to a material claim, and with respect to any pending action or threatened action, promptly a prompt report of any material development with respect thereto.
Appears in 1 contract
Sources: Loan and Security Agreement (TScan Therapeutics, Inc.)
Legal Action Notice. A prompt report of any legal actions pending initiated or threatened in writing that occur after the Closing Date against any Loan Party or any of its Subsidiaries that could reasonably result in damages or costs to any Loan Party or any of its SubsidiariesParty, individually or in the aggregate for all related proceedings, of Three Hundred Fifty Thousand dollars ($250,000 350,000) or more, or of any Loan Party or any of its Subsidiaries taking or threatening legal action against any third person with respect to a material claim, and with respect to any pending legal action existing or threatened actionaction in writing as of the Closing Date or initiated thereafter, promptly a prompt report of any material adverse development with respect thereto.
Appears in 1 contract
Legal Action Notice. A prompt report of any legal actions pending or threatened in writing against any Loan Party or any of its Subsidiaries that could result in damages or costs to any Loan Party or any of its Subsidiaries, individually or in the aggregate for all related proceedings, of Five Hundred Thousand Dollars ($250,000 500,000.00) or more, or of any Loan Party or any of its Subsidiaries taking or threatening legal action against any third person with respect to a material claim, and with respect to any such pending action or threatened action, promptly a prompt report of any material development with respect thereto.
Appears in 1 contract
Legal Action Notice. A prompt report of any legal actions pending or threatened in writing against any Loan Party Borrower or any of its Subsidiaries that could result in damages or costs to any Loan Party or Borrower on any of its Subsidiaries, individually or in the aggregate for all related proceedings, of $250,000 50,000 or more, or of any Loan Party Borrower or any of its Subsidiaries taking or threatening legal action against any third person with respect to a material claimclaim of $50,000 or more, and with respect to any pending action or threatened action, promptly a prompt report of any material development with respect thereto.
Appears in 1 contract
Sources: Loan and Security Agreement (Molecular Templates, Inc.)
Legal Action Notice. A prompt report of any legal actions pending or threatened in writing against any Loan Party or any of its Subsidiaries that could result in damages or costs to any Loan Party or any of its SubsidiariesSubsidiaries of, individually or in the aggregate for all related proceedings, of $250,000 500,000 or more, or more of any claim asserted in writing that a Loan Party or any of its Subsidiaries taking or threatening legal action against any third person with respect to a material claim, and with respect to any pending action or threatened action, promptly report any material development with respect theretoproducts infringes on the Intellectual Property of another Person.
Appears in 1 contract
Sources: Loan and Security Agreement (PROCEPT BioRobotics Corp)
Legal Action Notice. A prompt report of any legal actions pending or threatened in writing against any Loan Party Obligor or any of its Subsidiaries that could result in damages or costs to any Loan Party Obligor or any of its Subsidiaries, individually or in the aggregate for all related proceedings, of $250,000 500,000 or more, or of any Loan Party Obligor or any of its Subsidiaries taking or threatening legal action against any third person with respect to a material claimclaim of $500,000 or more, and with respect to any pending action or threatened action, promptly a prompt report of any material development with respect thereto.
Appears in 1 contract
Sources: Convertible Secured Contingent Value Right Agreement (Molecular Templates, Inc.)
Legal Action Notice. A prompt report of any legal actions pending or threatened in writing against any Loan Party or any of its their respective Subsidiaries that could reasonably be expected to result in damages or costs to any Loan Party or any of its Subsidiaries, individually or in the aggregate for all related proceedings, of $250,000 or more, or of any a Loan Party or any of its Subsidiaries taking of, individually or threatening legal action against any third person with respect to a material claimin the aggregate, and with respect to any pending action One Hundred Thousand Dollars ($100,000) or threatened action, promptly report any material development with respect thereto.more;
Appears in 1 contract
Sources: Intercreditor Agreement (Osprey Technology Acquisition Corp.)
Legal Action Notice. A prompt report of any legal actions pending or threatened in writing against any Loan Party or any of its Subsidiaries that could result in damages or costs to any Loan Party or any of its Subsidiaries, individually or in the aggregate for all related proceedings, of Five Hundred ThousandOne Million Dollars ($250,000 500,000.001,000,000.00) or more, or of any Loan Party or any of its Subsidiaries taking or threatening legal action against any third person with respect to a material claim, and with respect to any pending action or threatened action, promptly a prompt report of any material development with respect thereto.
Appears in 1 contract
Sources: Loan and Security Agreement (Mind Medicine (MindMed) Inc.)
Legal Action Notice. A prompt report of any legal actions pending or threatened in writing against any Loan Party or any of its Subsidiaries that could result in damages or costs to any Loan Party or any of its Subsidiaries, individually or in the aggregate for all related proceedings, of Five Hundred Thousand Dollars ($250,000 or 500,000)or more, or of any Loan Party or any of its Subsidiaries taking or threatening material legal action against any third person with respect to a material claim, and with respect to any pending material action or threatened action, promptly a prompt report of any material development with respect thereto.
Appears in 1 contract
Sources: Loan and Security Agreement (Brilliant Earth Group, Inc.)
Legal Action Notice. A prompt report of any legal actions pending or threatened in writing against any Loan Party or any of its Subsidiaries the Collateral that could reasonably result in damages or costs to any Loan Party or any of its SubsidiariesParty, individually or in the aggregate for all related proceedings, of Five Hundred Thousand dollars ($250,000 500,000) or moremore or that would reasonably be expected to result in a Material Adverse Effect, or of any Loan Party or any of its Subsidiaries taking or threatening legal action in writing against any third person with respect to a material claim, and with respect to any pending action claim that could reasonably result in damages or threatened action, promptly report any material development with respect theretocosts against such third party of Five Hundred Thousand dollars ($500,000) or more.
Appears in 1 contract
Sources: Loan and Guaranty Agreement (Tonix Pharmaceuticals Holding Corp.)
Legal Action Notice. A prompt report of any legal actions pending or threatened in writing against any Loan Party or any of its Subsidiaries that could reasonably be expected to result in damages or costs to any Loan Party or any of its Subsidiaries, individually or in the aggregate for all related proceedings, of One Hundred Thousand Dollars ($250,000 100,000.00) or more, or of any Loan Party or any of its Subsidiaries taking or threatening legal action against any third person with respect to a material claim, and with respect to any such pending action or threatened action, promptly a prompt report of any material development with respect thereto.
Appears in 1 contract
Legal Action Notice. A prompt report of any legal actions pending or threatened in writing against any Loan Party or any of its Subsidiaries that could result in damages or costs to any Loan Party or any of its Subsidiaries, individually or in the aggregate for all related proceedings, of $250,000 [***] or more, or of any Loan Party or any of its Subsidiaries taking or threatening legal action against any third person with respect to a material claim, and with respect to any pending action or threatened action, promptly a prompt report of any material development with respect thereto.
Appears in 1 contract
Sources: Loan and Security Agreement (Neumora Therapeutics, Inc.)
Legal Action Notice. A prompt report of any legal actions pending or threatened in writing against any Loan Party or any of its Subsidiaries that could result in damages or costs to any Loan Party or any of its Subsidiaries, individually or in the aggregate for all related proceedings, of Two Hundred and Fifty Thousand ($250,000 250,000) or more, or of any Loan Party or any of its Subsidiaries taking or threatening legal action against any third person with respect to a material claim, and with respect to any pending action or threatened action, promptly a prompt report of any material development with respect thereto.
Appears in 1 contract
Legal Action Notice. A prompt report of any legal actions pending or threatened in writing against any Loan Party or any of its Subsidiaries that could would reasonably be expected to result in damages or costs to any Loan Party or any of its Subsidiaries, individually or in the aggregate for all related proceedings, of $250,000 500,000 or more, or of any Loan Party or any of its Subsidiaries taking or threatening legal action against any third person with respect to a material claim, and with respect to any pending action or threatened action, promptly a prompt report of any material development with respect thereto.
Appears in 1 contract
Sources: Loan and Security Agreement (Elevation Oncology, Inc.)
Legal Action Notice. A prompt report of any legal actions pending or threatened in writing against any Loan Party or any of its Subsidiaries that could reasonably be expected to result in damages or costs to any Loan Party or any of its Subsidiaries, individually or in the aggregate for all related proceedings, of Two Hundred Fifty Thousand Dollars ($250,000 250,000) or more, or of any Loan Party or any of its Subsidiaries taking or threatening legal action against any third person with respect to a material claim, and with respect to any pending action or threatened action, promptly report any material development with respect thereto.
Appears in 1 contract
Sources: Loan and Security Agreement (Tracon Pharmaceuticals, Inc.)
Legal Action Notice. A prompt report of any legal actions pending or threatened in writing against any Loan Party or any of its Subsidiaries that could result in damages or costs to any Loan Party or any of its Subsidiaries, individually or in the aggregate for all related proceedings, of $250,000 500,000 or more, or of any Loan Party or any of its Subsidiaries taking or threatening legal action against any third person with respect to a material claimclaim of $500,000 or more, and with respect to any pending action or threatened action, promptly a prompt report of any material development with respect thereto.
Appears in 1 contract
Sources: Loan and Security Agreement (Molecular Templates, Inc.)
Legal Action Notice. A prompt report of any legal actions pending or threatened in writing against any Loan Party or any of its Subsidiaries that could reasonably be expected to result in damages or costs to any Loan Party or any of its Subsidiaries, individually or in the aggregate for all related proceedings, of Two Hundred Fifty Thousand Dollars ($250,000 250,000.00) or more, or of any Loan Party or any of its Subsidiaries taking or threatening legal action against any third person with respect to a material claim, and with respect to any pending action or threatened action, promptly a prompt report of any material development with respect thereto.
Appears in 1 contract
Sources: Loan and Security Agreement (Acumen Pharmaceuticals, Inc.)