Common use of Material Litigation Clause in Contracts

Material Litigation. Within twenty (20) days after the Company learns of the commencement or written threat of commencement of any litigation or proceeding against the Company, any of its Subsidiaries or any of the Partnerships or any of their respective assets that could reasonably be expected to have a Material Adverse Effect, written notice of the nature and extent of such litigation or proceeding.

Appears in 2 contracts

Sources: Preferred Stock Purchase Agreement (Jacobs Jay Inc), Securities Purchase Agreement (Jacobs Jay Inc)

Material Litigation. Within twenty ten (2010) days after the Company learns of the commencement or written threat of commencement of any litigation or proceeding against the Company, any of its Subsidiaries or any of the Partnerships or any of their respective assets that could reasonably be expected to have a Material Adverse Effectmaterial effect on the Company or any of the Subsidiaries, written notice of the nature and extent of such litigation or proceeding.

Appears in 2 contracts

Sources: 12% Series C Senior Redeemable Preferred Stock Purchase Agreement (It Partners Inc), 12% Series C Senior Redeemable Preferred Stock Purchase Agreement (It Partners Inc)

Material Litigation. Within twenty ten (2010) days after the Company learns of the commencement or written threat of commencement of any litigation or proceeding against the Company, Company or any of its Subsidiaries or any of the Partnerships or any of their respective assets that could reasonably be expected to have a Material Adverse Effectmaterial adverse effect on the Company, written notice of the nature and extent of such litigation or proceeding.

Appears in 2 contracts

Sources: Stockholders' Agreement (Reckson Services Industries Inc), Stockholders' Agreement (Vantas Inc)

Material Litigation. Within twenty ten (2010) days after the Company ------------------- learns of the commencement or written threat of commencement of any litigation or proceeding against the Company, Company or any of its Subsidiaries or any of the Partnerships or any of their respective assets that could reasonably would likely be expected to have a Material Adverse Effect, written notice of the nature and extent of such litigation or proceeding.

Appears in 1 contract

Sources: Convertible Preferred Stock Purchase Agreement (Concorde Career Colleges Inc)

Material Litigation. Within twenty ten (2010) days after the Company ------------------- learns of the commencement or receives a written threat of commencement of any litigation or proceeding against the Company, Company or any of its Subsidiaries or any of the Partnerships or any of their respective assets that could reasonably be expected to have a Material Adverse Effectmaterial adverse effect on the Company and its Subsidiaries taken as a whole, written notice of the nature and extent of such litigation or proceeding.

Appears in 1 contract

Sources: Investor Rights Agreement (Cahill Edward L)

Material Litigation. Within twenty (20) days after the Company learns of the commencement or written threat of commencement of any litigation or proceeding against the Company, Company or any of its Subsidiaries or any of the Partnerships or any of their respective assets that could reasonably be expected to have a Material Adverse Effectmaterial effect, written notice of the nature and extent of such litigation or proceeding.

Appears in 1 contract

Sources: Common Stock Purchase Agreement (Energy Partners LTD)

Material Litigation. Within twenty ten (2010) days after the Company learns of the commencement or written threat of commencement of any litigation or proceeding against the Company, Company or any of its Subsidiaries or any of the Partnerships or any of their respective assets that could reasonably would likely be expected to have a Material Adverse Effect, written notice of the nature and extent of such litigation or proceeding.

Appears in 1 contract

Sources: Convertible Preferred Stock Purchase Agreement (Cahill Edward L)

Material Litigation. Within twenty ten (2010) days after the -------------------- Company learns of the commencement or written threat of commencement of any litigation or proceeding against the Company, Company or any of its Subsidiaries or any of the Partnerships or any of their respective assets that could reasonably be expected to have a Material Adverse Effectmaterial adverse effect on the Company, written notice of the nature and extent of such litigation or proceeding.

Appears in 1 contract

Sources: Stockholders' Agreement (Reckson Services Industries Inc)

Material Litigation. Within twenty (20) days after the Company learns of the commencement or written threat of commencement of any litigation or proceeding against the Company, any of its Subsidiaries subsidiaries or any of the Partnerships or any of their respective assets that could reasonably be expected to have a Material Adverse Effect, written notice of the nature and extent of such litigation or proceeding.

Appears in 1 contract

Sources: Convertible Debenture Purchase Agreement (Kennedy Wilson Inc)

Material Litigation. Within twenty ten (2010) days after ------------------- the Company learns of the commencement or receives a written threat of commencement of any litigation or proceeding against the Company, Company or any of its Subsidiaries or any of the Partnerships or any of their respective assets that could reasonably be expected to have a Material Adverse Effectmaterial adverse effect on the Company and its Subsidiaries taken as a whole, written notice of the nature and extent of such litigation or proceeding.

Appears in 1 contract

Sources: Investor Rights Agreement (Touchstone Applied Science Associates Inc /Ny/)