Common use of Litigation or Other Proceedings Clause in Contracts

Litigation or Other Proceedings. (a) promptly upon any officer of any Loan Party obtaining knowledge of (X) the institution of, or non-frivolous threat of, any action, suit, proceeding (whether administrative, judicial or otherwise), governmental investigation or arbitration against or affecting such Borrower or any of its Subsidiaries or any property of such Borrower or any of its Subsidiaries (collectively, "PROCEEDINGS") not previously disclosed in writing by Company or any of its Subsidiaries to Lenders or (Y) any material development in any Proceeding that, in any case:

Appears in 4 contracts

Samples: Credit Agreement (Goss Graphic Systems Inc), Multicurrency Credit Agreement (Goss Holdings Inc), Credit Agreement (Goss Graphic Systems Inc)

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Litigation or Other Proceedings. (a) promptly upon any officer of any Loan Party Borrower obtaining knowledge of (X) the institution of, or non-frivolous threat of, any action, suit, proceeding (whether administrative, judicial or otherwise), governmental investigation or arbitration against or affecting such Borrower or any of its Subsidiaries Credit Party or any property of such Borrower or any of its Subsidiaries Credit Party (collectively, "PROCEEDINGS") not previously disclosed in writing by Company or any of its Subsidiaries Borrowers to Lenders or (Y) any material development in any Proceeding that, in any case:

Appears in 2 contracts

Samples: Credit Agreement (Northland Cable Properties Six LTD Partnership), Credit Agreement (Northland Cable Properties Six LTD Partnership)

Litigation or Other Proceedings. (a) promptly upon any officer of any Loan Party the Borrowers obtaining knowledge of (X) the institution of, or non-frivolous threat of, any action, suit, proceeding (whether administrative, judicial or otherwise), governmental investigation or arbitration against or affecting such any Borrower or any of its respective Subsidiaries or any property of such any Borrower or any of its respective Subsidiaries (collectively, "PROCEEDINGS") not previously disclosed in writing by Company or any of its Subsidiaries the Borrowers to the Lenders or (Y) any material development in any Proceeding that, in any case:

Appears in 1 contract

Samples: Credit Agreement (Wolverine Tube Inc)

Litigation or Other Proceedings. (a) promptly upon any officer of any Loan Party obtaining knowledge of (X) the non-frivolous institution of, or non-frivolous threat of, any action, suit, proceeding (whether administrative, judicial or otherwise), governmental investigation or arbitration against or affecting such Borrower the Company or any of its Subsidiaries other Loan Party, or any property of such Borrower the Company or any of its Subsidiaries other Loan Party (collectively, "PROCEEDINGS"“Proceedings”) not previously disclosed in writing by Company or any of its Subsidiaries the Borrower to Lenders or (Y) any material development in any Proceeding that, in any case:

Appears in 1 contract

Samples: Credit Agreement (Las Vegas Sands Corp)

Litigation or Other Proceedings. (a) promptly upon any officer ------------------------------- of any Loan Party Borrower obtaining knowledge of (X) the institution of, or non-non- frivolous threat of, any action, suit, proceeding (whether administrative, judicial or otherwise), governmental investigation or arbitration against or affecting such Borrower Company or any of its Subsidiaries or any property of such Borrower Company or any of its Subsidiaries (collectively, "PROCEEDINGS") not previously disclosed in writing by Company or any of its Subsidiaries to Lenders or (Y) any material development in any Proceeding that, in any case:

Appears in 1 contract

Samples: Credit Agreement (Hines Horticulture Inc)

Litigation or Other Proceedings. (ai) promptly upon any officer of any Loan Party Borrower obtaining knowledge of (Xx) the institution of, or non-frivolous threat of, any action, suit, proceeding (whether administrative, judicial judicial, or otherwise), governmental investigation investigation, or arbitration against or affecting such Borrower or any of its Subsidiaries or any property of such Borrower or any of its Subsidiaries (collectively, "PROCEEDINGS") not previously disclosed in writing by Company or any of its Subsidiaries Borrower to Lenders or (Yy) any material development in any Proceeding that, in any case:

Appears in 1 contract

Samples: Term Loan and Security Agreement (American Real Estate Partners L P)

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Litigation or Other Proceedings. (a) promptly upon any officer ------------------------------- of any Loan Party obtaining knowledge of (X) the institution of, or non-non- frivolous threat of, any action, suit, proceeding (whether administrative, judicial or otherwise), governmental investigation or arbitration against or affecting such Borrower or any of its Subsidiaries or any property of such Borrower or any of its Subsidiaries (collectively, "PROCEEDINGSProceedings") not previously disclosed in writing by Company or any of its Subsidiaries to Lenders or (Y) any material development in any Proceeding that, in any case:

Appears in 1 contract

Samples: Credit Agreement (Goss Graphic Systems Inc)

Litigation or Other Proceedings. (a) promptly upon any officer of any Loan Party obtaining knowledge of (X) the non-frivolous institution of, or non-frivolous threat of, any action, suit, proceeding (whether administrative, judicial or otherwise), governmental investigation or arbitration against or affecting such Borrower or any of its Subsidiaries Loan Party, or any property of such Borrower or any of its Subsidiaries Loan Party (collectively, "PROCEEDINGS"“Proceedings”) not previously disclosed in writing by Company or any of its Subsidiaries the Borrower to Lenders or (Y) any material development in any Proceeding that, in any case:

Appears in 1 contract

Samples: Credit Agreement (Las Vegas Sands Corp)

Litigation or Other Proceedings. (a) promptly upon any officer Specified Officer of any Loan Party obtaining knowledge of (X) the institution of, or non-frivolous nonfrivolous threat of, any action, suit, proceeding (whether administrative, judicial or otherwise), governmental investigation or arbitration against or affecting such Borrower Holdings or any of its Subsidiaries or any property of such Borrower Holdings or any of its Subsidiaries (collectively, "PROCEEDINGS") not previously disclosed in writing by Company or any of its Subsidiaries to Lenders or (Y) any material development in any Proceeding that, in any case:

Appears in 1 contract

Samples: Credit Agreement (Bay Area Warehouse Stores Inc)

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