Common use of Legal Action Notice Clause in Contracts

Legal Action Notice. Prompt written notice of any legal actions, investigations or proceedings pending or threatened in writing against Borrower or any of its Subsidiaries that could reasonably be expected to result in damages or costs to Borrower or any of its Subsidiaries of, individually or in the aggregate, $250,000.00 or more;

Appears in 5 contracts

Samples: Loan and Security Agreement (Achieve Life Sciences, Inc.), 2023 Contingent Convertible Debt Agreement (Achieve Life Sciences, Inc.), Loan and Security Agreement (Candel Therapeutics, Inc.)

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Legal Action Notice. Prompt written notice of any legal actions, investigations or proceedings pending or threatened in writing against Borrower or any of its Subsidiaries that could reasonably be expected to result in damages or costs to Borrower or any of its Subsidiaries of, individually or in the aggregate, Five Hundred Thousand Dollars ($250,000.00 500,000) or more;

Appears in 4 contracts

Samples: Loan and Security Agreement (AVROBIO, Inc.), Loan and Security Agreement (Netlist Inc), Loan and Security Agreement (Castle Biosciences Inc)

Legal Action Notice. Prompt written notice of any legal actions, investigations or proceedings pending or threatened in writing against Borrower or any of its Subsidiaries that could reasonably be expected to result in damages or costs to Borrower or any of its Subsidiaries of, individually or in the aggregate, $250,000.00 1,000,000.00 or more;

Appears in 3 contracts

Samples: Loan and Security Agreement (Evolv Technologies Holdings, Inc.), Loan and Security Agreement (Ibotta, Inc.), Loan and Security Agreement (Ibotta, Inc.)

Legal Action Notice. Prompt written notice of any legal actions, investigations or proceedings pending or threatened in writing against Borrower or any of its Subsidiaries that could reasonably be expected to result in damages or costs to Borrower or any of its Subsidiaries of, individually or in the aggregate, Two Hundred Fifty Thousand Dollars ($250,000.00 250,000) or more;

Appears in 3 contracts

Samples: Loan and Security Agreement (Direct Digital Holdings, Inc.), Loan and Security Agreement (Augmedix, Inc.), Loan and Security Agreement (MedAvail Holdings, Inc.)

Legal Action Notice. Prompt written notice of any legal actions, investigations or proceedings pending or threatened in writing against Borrower or any of its Subsidiaries that could reasonably be expected to result in damages or costs to Borrower or any of its Subsidiaries of, individually or in the aggregate, $250,000.00 100,000.00 or more;

Appears in 2 contracts

Samples: Loan and Security Agreement (6d Bytes Inc.), Loan and Security Agreement (Cue Biopharma, Inc.)

Legal Action Notice. Prompt written notice of any legal actions, investigations or proceedings pending or threatened in writing against Borrower or any of its Subsidiaries that could reasonably be expected to result in damages or costs to Borrower or any of its Subsidiaries of, individually or in the aggregate, $250,000.00 500,000.00 or more;

Appears in 2 contracts

Samples: Loan and Security Agreement (Olema Pharmaceuticals, Inc.), Loan and Security Agreement (Liquidia Corp)

Legal Action Notice. Prompt written notice of any legal actions, investigations or proceedings pending or threatened in writing against Borrower or any of its Subsidiaries that could reasonably be expected to result in damages or costs to Borrower or any of its Subsidiaries of, individually or in the aggregate, $250,000.00 25,000 or more;

Appears in 1 contract

Samples: Loan and Security Agreement (Beamr Imaging Ltd.)

Legal Action Notice. Prompt written notice of any legal actions, investigations or proceedings pending or threatened in writing against Borrower or any of its Subsidiaries that could reasonably be expected to result in damages or costs to Borrower or any of its Subsidiaries of, individually or in the aggregate, $250,000.00 100,000 ($500,000 following the Permitted SPAC Transaction) or more;

Appears in 1 contract

Samples: Loan and Security Agreement (Atlas Crest Investment Corp.)

Legal Action Notice. Prompt written notice of any legal actions, investigations investigations, or proceedings pending or threatened in writing against Borrower or any of its Subsidiaries that could reasonably be expected to result in damages or costs to Borrower or any of its Subsidiaries of, individually or in the aggregate, $250,000.00 150,000.00 or more;

Appears in 1 contract

Samples: Loan and Security Agreement (Imunon, Inc.)

Legal Action Notice. Prompt written notice of any legal actions, investigations or proceedings pending or threatened in writing against Borrower or any of its Subsidiaries that could reasonably be expected to result in damages or costs to Borrower or any of its Subsidiaries of, individually or in the aggregate, One Hundred Thousand Dollars ($250,000.00 100,000) or more;

Appears in 1 contract

Samples: Loan and Security Agreement (Inmune Bio, Inc.)

Legal Action Notice. Prompt written notice of any legal actions, investigations investigations, or proceedings pending or threatened in writing against Borrower or any of its Subsidiaries that could reasonably be expected to result in damages or costs to Borrower or any of its Subsidiaries of, individually or in the aggregate, $250,000.00 or more;

Appears in 1 contract

Samples: Loan and Security Agreement (Environmental Impact Acquisition Corp)

Legal Action Notice. Prompt written notice of any legal actions, investigations or proceedings pending or threatened in writing against Borrower or any of its Subsidiaries that could would reasonably be expected to result in damages or costs to Borrower or any of its Subsidiaries of, individually individually, $250,000 or more or in the aggregate, $250,000.00 1,000,000.00 or more;

Appears in 1 contract

Samples: Loan and Security Agreement (Spartan Acquisition Corp. II)

Legal Action Notice. Prompt written notice of any legal actions, investigations or proceedings pending or threatened in writing against Borrower or any of its Subsidiaries that could reasonably be expected to result in damages or costs to Borrower or any of its Subsidiaries of, individually or in the aggregate, One Hundred Twenty-Five Thousand Dollars ($250,000.00 125,000) or more;

Appears in 1 contract

Samples: Loan and Security Agreement (Serve Robotics Inc. /DE/)

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Legal Action Notice. Prompt written notice of any legal actions, investigations or proceedings pending or threatened in writing against Borrower or any of its Subsidiaries that could reasonably be expected to result in damages or costs to Borrower or any of its Subsidiaries of, individually or in the aggregate, One Million Dollars ($250,000.00 1,000,000) or more;

Appears in 1 contract

Samples: Loan and Security Agreement (Savara Inc)

Legal Action Notice. Prompt written notice of any legal actions, investigations or proceedings pending or threatened in writing against Borrower or any of its Subsidiaries that could reasonably be expected to result in damages or costs to Borrower or any of its Subsidiaries of, individually or in the aggregate, Five Hundred Thousand ($250,000.00 500,000) or more;

Appears in 1 contract

Samples: Loan and Security Agreement (Airgain Inc)

Legal Action Notice. Prompt written notice of any legal actions, investigations or proceedings pending or or, to the Borrower’s knowledge, threatened in writing against Borrower or any of its Subsidiaries and not previously disclosed to the Bank that could reasonably be expected to result in damages or costs to Borrower or any of its Subsidiaries of, individually or in the aggregate, Five Hundred Thousand Dollars ($250,000.00 500,000) or more;

Appears in 1 contract

Samples: Loan and Security Agreement (Mitek Systems Inc)

Legal Action Notice. Prompt written notice of any legal actions, investigations or proceedings pending or threatened in writing against Borrower or any of its Subsidiaries that could reasonably be expected to result in damages or costs to Borrower or any of its Subsidiaries of, individually or in the aggregate, One Million Dollars ($250,000.00 1,000,000) or more;

Appears in 1 contract

Samples: Loan and Security Agreement (Singular Genomics Systems, Inc.)

Legal Action Notice. Prompt written notice of any legal actions, investigations or proceedings pending or threatened in writing against Borrower or any of its Subsidiaries that could reasonably be expected to result in damages or costs to Borrower or any of its Subsidiaries of, individually or in the aggregate, $250,000.00 [*] or more;

Appears in 1 contract

Samples: Loan and Security Agreement (Chimerix Inc)

Legal Action Notice. Prompt written notice of any legal actions, investigations or proceedings pending or threatened in writing against Borrower or any of its Subsidiaries that could would reasonably be expected to result in damages or costs to Borrower or any of its Subsidiaries of, individually individually, $[***] or more or in the aggregate, $250,000.00 [***] or more;; (l)

Appears in 1 contract

Samples: Loan and Security Agreement (Sunlight Financial Holdings Inc.)

Legal Action Notice. Prompt written notice of any legal actions, investigations or proceedings pending or threatened in writing against Borrower or any of its Subsidiaries that could reasonably be expected to result in damages or costs to Borrower or any of its Subsidiaries of, individually or in the aggregate, $250,000.00 100,000 or more;

Appears in 1 contract

Samples: Loan and Security Agreement (Owlet, Inc.)

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