Common use of Notice of Litigation and Judgments Clause in Contracts

Notice of Litigation and Judgments. The Borrower will, and will cause each of its Subsidiaries to, give notice to the Administrative Agent and each of the Lenders in writing within fifteen (15) days of becoming aware of any litigation or proceedings threatened in writing or any pending litigation and proceedings affecting the Parent, the Borrower or any of the Subsidiaries or to which any such Person is or becomes a party involving an uninsured claim against any such Person that could reasonably be expected to have a Material Adverse Effect and stating the nature and status of such litigation or proceedings. The Borrower will, and will cause each of its Subsidiaries to, give notice to the Administrative Agent and each of the Lenders, in writing, in form and detail reasonably satisfactory to the Administrative Agent, within ten (10) days of any judgment not covered by insurance, final or otherwise, against the Parent, the Borrower or any of the Subsidiaries in an amount in excess of $5,000,000.

Appears in 5 contracts

Samples: Revolving Credit and Term Loan Agreement (Emmis Communications Corp), Revolving Credit and Term Loan Agreement (Emmis Communications Corp), Revolving Credit and Term Loan Agreement (Emmis Communications Corp)

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Notice of Litigation and Judgments. The Borrower will, and will cause each of its Subsidiaries to, give notice to the Administrative Agent and each of the Lenders Banks in writing within fifteen (15) days of becoming aware of any litigation or proceedings threatened in writing or any pending litigation and proceedings affecting the Parent, Borrower or any of its Subsidiaries or to which the Borrower or any of the its Subsidiaries or to which any such Person is or becomes a party involving an uninsured claim against the Borrower or any such Person of its Subsidiaries that could reasonably be expected to have a Material Adverse Effect materially adverse effect on the Borrower or any of its Subsidiaries and stating the nature and status of such litigation or proceedings. The Borrower will, and will cause each of its Subsidiaries to, give notice to the Administrative Agent and each of the LendersBanks, in writing, in form and detail reasonably satisfactory to the Administrative Agent, within ten (10) days of any judgment not covered by insurance, final or otherwise, against the Parent, the Borrower or any of the its Subsidiaries in an amount in excess of $5,000,0001,000,000.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Answerthink Inc), Revolving Credit and Term Loan Agreement (Marcam Corp), Revolving Credit and Term Loan Agreement (Mapics Inc)

Notice of Litigation and Judgments. The Borrower will, and will cause each of its Subsidiaries to, give notice to the Administrative Agent and each of the Lenders Banks in writing within fifteen (15) days of becoming aware of any litigation or proceedings threatened in writing or any pending litigation and proceedings affecting the Parent, Borrower or any of its Subsidiaries or to which the Borrower or any of the its Subsidiaries or to which any such Person is or becomes a party involving an uninsured claim against the Borrower or any such Person of its Subsidiaries that could reasonably be expected to have a Material Adverse Effect materially adverse effect on the Borrower or any of its Subsidiaries and stating the nature and status of such litigation or proceedings. The Borrower will, and will cause each of its Subsidiaries to, give notice to the Administrative Agent and each of the LendersBanks, in writing, in form and detail reasonably satisfactory to the Administrative Agent, within ten (10) days of any judgment not covered by insurance, final or otherwise, against the Parent, the Borrower or any of the its Subsidiaries in an amount in excess of $5,000,000500,000.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Anacomp Inc), Revolving Credit Agreement (Appnet Systems Inc)

Notice of Litigation and Judgments. The Borrower will, and will cause each of its Subsidiaries to, give notice to the Administrative Agent and each of the Lenders in writing within fifteen (15) days of becoming aware of any litigation or proceedings threatened in writing or any pending litigation and proceedings affecting the Parent, Borrower or any of its Subsidiaries or to which the Borrower or any of the its Subsidiaries or to which any such Person is or becomes a party involving an uninsured claim against the Borrower or any such Person of its Subsidiaries that could reasonably be expected to have a Material Adverse Effect on the Borrower or any of its Subsidiaries and stating the nature and status of such litigation or proceedings. The Borrower will, and will cause each of its Subsidiaries to, give notice to the Administrative Agent and each of the Lenders, in writing, in form and detail reasonably satisfactory to the Administrative Agent, within ten (10) days of any judgment not covered by insurance, final or otherwise, against the Parent, the Borrower or any of the its Subsidiaries in an amount in excess of $5,000,0001,000,000.

Appears in 2 contracts

Samples: Revolving Credit Agreement (SeaCube Container Leasing Ltd.), Revolving Credit Agreement (Seacastle Inc.)

Notice of Litigation and Judgments. The Borrower Borrowers will, and will cause each of its their Subsidiaries to, give notice to the Administrative Agent and each of the Lenders in writing within fifteen thirty (1530) days of becoming aware of any litigation or proceedings threatened in writing or any pending litigation and proceedings affecting the Parent, the a Borrower or any of the its Subsidiaries or to which a Borrower or any such Person of its Subsidiaries is or becomes a party involving an uninsured claim against a Borrower or any such Person of its Subsidiaries that could reasonably be expected to have a Material Adverse Effect on such Borrower or any of its Subsidiaries and stating the nature and status of such litigation or proceedings. The Each Borrower will, and will cause each of its Subsidiaries to, give notice to the Administrative Agent and each of the LendersAgent, in writing, in form and detail reasonably satisfactory to the Administrative Agent, within ten (10) days of any final judgment not covered by insurance, final or otherwise, against the Parent, the such Borrower or any of the its Subsidiaries in an amount in excess of $5,000,000.

Appears in 2 contracts

Samples: Reimbursement and Pledge Agreement (Montpelier Re Holdings LTD), Control Agreement (Montpelier Re Holdings LTD)

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Notice of Litigation and Judgments. The Borrower Parent will, and will cause each of its Subsidiaries to, give notice to the Administrative Agent and each of the Lenders in writing within fifteen (15) days of becoming aware of any litigation or proceedings threatened in writing or any pending litigation and proceedings affecting the Parent, the Borrower Parent or any of the its Subsidiaries or to which the Parent or any such Person of its Subsidiaries is or becomes a party involving an uninsured claim against the Parent or any such Person of its Subsidiaries that could reasonably be expected to have a Material Adverse Effect on the Parent or any of its Subsidiaries and stating the nature and status of such litigation or proceedings. The Borrower Parent will, and will cause each of its Subsidiaries to, give notice to the Administrative Agent and each of the LendersAgent, in writing, in form and detail reasonably satisfactory to the Administrative Agent, within ten (10) days of any judgment not covered by insurance, final or otherwise, against the Parent, the Borrower Parent or any of the its Subsidiaries in an amount in excess of $5,000,000.

Appears in 1 contract

Samples: Revolving Credit Agreement (Watts Industries Inc)

Notice of Litigation and Judgments. The Borrower Borrowers will, and will cause each of its their Subsidiaries to, give notice to the Administrative Agent and each of the Lenders in writing within fifteen (15) days of becoming aware of any litigation or proceedings threatened in writing or any pending litigation and proceedings affecting the Parent, the any Borrower or any Subsidiary of the Subsidiaries a Borrower or to which any such Person Borrower or Subsidiary is or becomes a party involving an uninsured claim against any such Person Borrower or Subsidiary that could reasonably be expected to have a Material Adverse Effect and stating the nature and status of such litigation or proceedings. The Borrower Borrowers will, and will cause each of its their Subsidiaries to, give notice to the Administrative Agent and each of the Lenders, in writing, in form and detail reasonably satisfactory to the Administrative Agent, within ten (10) days of any judgment not covered by insurance, final or otherwise, against the Parent, the any Borrower or any Subsidiary of the Subsidiaries a Borrower in an amount in excess of $5,000,000250,000.

Appears in 1 contract

Samples: Revolving Credit Agreement (Seneca Foods Corp /Ny/)

Notice of Litigation and Judgments. The Each Borrower will, and will cause each of its Subsidiaries to, give notice to the Administrative Agent and each of the Lenders in writing within fifteen thirty (1530) days of becoming aware of any litigation or proceedings threatened in writing or any pending litigation and proceedings affecting the Parent, the such Borrower or any of the its Subsidiaries or to which such Borrower or any such Person of its Subsidiaries is or becomes a party involving an uninsured claim against such Borrower or any such Person of its Subsidiaries that could reasonably be expected to have a Material Adverse Effect on such Borrower or any of its Subsidiaries and stating the nature and status of such litigation or proceedings. The Each Borrower will, and will cause each of its Subsidiaries to, give notice to the Administrative Agent and each of the LendersAgent, in writing, in form and detail reasonably satisfactory to the Administrative Agent, within ten (10) days of any final judgment not covered by insurance, final or otherwise, against the Parent, the such Borrower or any of the its Subsidiaries in an amount in excess of $5,000,000.

Appears in 1 contract

Samples: Credit Agreement (Montpelier Re Holdings LTD)

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