Common use of Material Litigation Clause in Contracts

Material Litigation. As soon as possible and in any event within five days of any of the Borrower, the Parent or any of their respective Subsidiaries having knowledge thereof, notice of any litigation, claim or any other event which could reasonably be expected to cause a Material Adverse Change.

Appears in 18 contracts

Samples: Senior Unsecured Term Loan Agreement (LaSalle Hotel Properties), Guaranty and Contribution Agreement (LaSalle Hotel Properties), Senior Unsecured Credit Agreement (Lasalle Hotel Properties)

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Material Litigation. As soon as possible and in any event within five ------------------- days of any Responsible Officer of the Borrower, the Parent or any of their respective Subsidiaries having knowledge thereof, notice of any litigation, claim or any other event which could reasonably be expected to cause a Material Adverse Change.

Appears in 6 contracts

Samples: Credit Agreement (Meristar Hospitality Corp), Credit Agreement (American General Hospitality Corp), Credit Agreement (American General Hospitality Corp)

Material Litigation. As soon as possible and in any event within five days of any Responsible Officer of the Borrower, the Parent or any of their respective Subsidiaries having knowledge thereof, notice of any litigation, claim or any other event which could reasonably be expected to cause a Material Adverse Change.

Appears in 4 contracts

Samples: Senior Secured Credit Agreement (Meristar Hospitality Corp), Revolving Credit Agreement (Meristar Hotels & Resorts Inc), Revolving Credit Agreement (Meristar Hospitality Corp)

Material Litigation. As soon as possible and in any event within five (5) days of any Responsible Officer of the Borrower, the Parent or any of their respective Subsidiaries having knowledge thereof, notice of any litigation, claim or any other event which could reasonably be expected to cause a Material Adverse Change.

Appears in 3 contracts

Samples: Senior Secured Credit Agreement (Interstate Hotels & Resorts Inc), Senior Secured Credit Agreement (Interstate Hotels & Resorts Inc), Secured Credit Agreement (Interstate Hotels & Resorts Inc)

Material Litigation. As soon as possible and in any event within five days Business Days of any of the Borrower, the Parent or any of their respective Subsidiaries having knowledge thereof, notice of any litigation, claim or any other event which could reasonably be expected to cause a Material Adverse Change.

Appears in 3 contracts

Samples: Senior Unsecured Term Loan Agreement (Seritage Growth Properties), Senior Secured Term Loan Agreement (Seritage Growth Properties), Senior Unsecured Term Loan Agreement (Seritage Growth Properties)

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Material Litigation. As soon as possible and in any event within five days of any Responsible Officer of the Borrower, the Parent Borrower or any of their respective its Subsidiaries having knowledge thereof, notice of any litigation, claim or any other event which could reasonably be expected to cause a Material Adverse Change.;

Appears in 3 contracts

Samples: Security Agreement (Arkansas Best Corp /De/), Security Agreement (Arkansas Best Corp /De/), Security Agreement (Arkansas Best Corp /De/)

Material Litigation. As soon as possible and in any event within five days of any Responsible Officer of the Borrower, the Parent Borrower or any of their respective its Subsidiaries having knowledge thereof, notice of any litigation, claim or any other event which could reasonably be expected to cause a Material Adverse Change.; and

Appears in 1 contract

Samples: Credit Agreement (Arkansas Best Corp /De/)

Material Litigation. As soon as possible and in any event within ------------------- five days of any of the Borrower, the Parent or any of their respective Subsidiaries having knowledge thereof, notice of any litigation, claim or any other event which could reasonably be expected to cause a Material Adverse Change.

Appears in 1 contract

Samples: Credit Agreement (Lasalle Hotel Properties)

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