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 Agent and each of the 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 Borrower or any of its Subsidiaries or to which the Borrower or any of its Subsidiaries is or becomes a party involving an uninsured claim against the Borrower or any of its Subsidiaries that could reasonably be expected to have a 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 Agent and each of the Banks, in writing, in form and detail satisfactory to the Bank, within ten (10) days of any judgment not covered by insurance, final or otherwise, against the Borrower or any of its Subsidiaries in an amount in excess of $1,000,000.

Appears in 1 contract

Samples: Credit Agreement (Raytel Medical 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 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 Borrower or any of its Subsidiaries or to which the Borrower or any of its Subsidiaries is or becomes a party involving an uninsured claim against the Borrower or any of its Subsidiaries that could reasonably be expected to have a materially adverse effect 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 BanksLenders, in writing, in form and detail satisfactory to the BankAdministrative Agent, within ten (10) days of any judgment not covered by insurance, final or otherwise, against the Borrower or any of its Subsidiaries in an amount in excess of $1,000,000500,000.

Appears in 1 contract

Samples: And Term Loan Agreement (Il Fornaio America Corp)

Notice of Litigation and Judgments. The Borrower Obligors will, and will cause each of its their Subsidiaries to, give notice to the Agent and each of the 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 Borrower any Obligor or any of its their Subsidiaries or to which the Borrower any Obligor or any of its their Subsidiaries is or becomes a party involving an uninsured claim against the Borrower any Obligor or any of its their Subsidiaries that could reasonably be expected to have a materially adverse effect on the Borrower any Obligor or any of its their Subsidiaries and stating the nature and status of such litigation or proceedings. The Borrower Obligors will, and will cause each of its their Subsidiaries to, give notice to the Agent and each of the Banks, in writing, in form and detail satisfactory to the BankAgent, within ten (10) days of any judgment not covered by insurance, final or otherwise, against the Borrower any Obligor or any of its their Subsidiaries in an amount in excess of $1,000,000250,000.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Morgan Group Inc)

Notice of Litigation and Judgments. The Borrower will, and will cause each of its Subsidiaries to, give notice to the Agent and each of the Banks 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 Borrower or any of its Subsidiaries or to which the Borrower or any of its Subsidiaries is or becomes a party involving an uninsured claim against the Borrower or any of its Subsidiaries that could reasonably be expected to have a 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 Agent and each of the BanksLenders, in writing, in form and detail satisfactory to the BankAgent, within ten (10) days of any judgment not covered by insurance, final or otherwise, against the Borrower or any of its Subsidiaries in an amount in excess of $1,000,000100,000.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Humphrey Hospitality Trust Inc)

Notice of Litigation and Judgments. The Borrower Company will, and will cause each of its Subsidiaries to, give notice to the Administrative Agent and each of the Banks Holders of record 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 Borrower Company or any of its Subsidiaries or to which the Borrower Company or any of its Subsidiaries is or becomes a party involving an uninsured claim against the Borrower Company or any of its Subsidiaries that could reasonably be expected to have a materially adverse effect on the Borrower Company or any of its Subsidiaries and stating the nature and status of such litigation or proceedings. The Borrower Company will, and will cause each of its its, Subsidiaries to, give notice to the Administrative Agent and each of the BanksHolders of record, in writing, in form and detail satisfactory to the BankAdministrative Agent, within ten (10) days of any judgment not covered by insurance, final or otherwise, against the Borrower Company or any of its Subsidiaries in an amount in excess of $1,000,000.

Appears in 1 contract

Samples: Senior Subordinated Note Purchase Agreement (Transtechnology Corp)

Notice of Litigation and Judgments. The Borrower will, and will cause each of its Subsidiaries to, give notice to the Agent and each of the 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 Borrower or any of its Subsidiaries or to which the Borrower or any of its Subsidiaries is or becomes a party involving an uninsured claim against the Borrower or any of its Subsidiaries that could reasonably be expected to have a 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 Agent and each of the Banks, in writing, in form and detail satisfactory to the BankAgent, within ten (10) days of any judgment not covered by insurance, final or otherwise, against the Borrower or any of its Subsidiaries in an amount in excess of [$1,000,000500,000].

Appears in 1 contract

Samples: Revolving Credit Agreement (Anacomp Inc)

Notice of Litigation and Judgments. The Borrower will, and will cause each of its Subsidiaries to, give notice to the Agent and each of the 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 Borrower or any of its Subsidiaries or to which the Borrower or any of its Subsidiaries is or becomes a party involving an uninsured claim against the Borrower or any of its Subsidiaries that could reasonably be expected to have a 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 Agent and each of the Banks, in writing, in form and detail satisfactory to the BankAgent, within ten (10) days of any judgment not covered by insurance, final or otherwise, against the Borrower or any of its Subsidiaries in an amount in excess of $1,000,00010,000,000.

Appears in 1 contract

Samples: Revolving Credit Agreement (Varian Semiconductor Equipment Associates Inc)

Notice of Litigation and Judgments. The Borrower will, and will cause each of its Subsidiaries to, give notice to the Agent and each of the 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 Borrower or any of its Subsidiaries or to which the Borrower or any of its Subsidiaries is or becomes a party involving an uninsured claim -27- against the Borrower or any of its Subsidiaries that could reasonably be expected to have a 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 Agent and each of the Banks, in writing, in form and detail satisfactory to the BankAgent, within ten (10) days of any judgment not covered by insurance, final or otherwise, against the Borrower or any of its Subsidiaries in an amount in excess of $1,000,000250,000.

Appears in 1 contract

Samples: Revolving Credit Agreement (Moore Medical Corp)

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Notice of Litigation and Judgments. The Borrower Each of the Borrowers will, and will cause each of its Subsidiaries to, give notice to the Agent and each of the Banks in writing within fifteen (15) days of becoming aware of any litigation or proceedings threatened in writing or any significant development in any pending litigation and proceedings affecting the Borrower Borrowers or any of its their Subsidiaries or to which the Borrower or any of its the Borrowers or their Subsidiaries is or becomes a party involving an uninsured claim against the Borrower or any of its the Borrowers or their Subsidiaries that could reasonably be expected to have a materially adverse effect on the Borrower or any of its Borrowers and their Subsidiaries and stating the nature and status of such litigation or proceedings. The Borrower Each of the Borrowers will, and will cause each of its Subsidiaries to, give notice to the Agent and each of the BanksAgent, in writing, in form and detail satisfactory to the BankAgent, within ten (10) days of any judgment not covered by insurance, final or otherwise, against the Borrower or any of its the Borrowers or their Subsidiaries in an amount in excess of $1,000,000500,000.

Appears in 1 contract

Samples: Possession Credit Agreement (Real Mex Restaurants, Inc.)

Notice of Litigation and Judgments. The Borrower will, and will cause each of its Subsidiaries to, give notice to the Agent and each of the 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 Borrower or any of its Subsidiaries or to which the Borrower or any of its Subsidiaries is or becomes a party involving an uninsured claim against the Borrower or any of its Subsidiaries that could reasonably be expected to have a 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 Agent and each of the Banks, in writing, in form and detail satisfactory to the BankAgent, within ten twenty (1020) days of any judgment not covered by insurance, final or otherwise, against the Borrower or any of its Subsidiaries in an amount in excess of $1,000,000100,000.

Appears in 1 contract

Samples: Revolving Credit Agreement (Republic Engineered Steels Inc)

Notice of Litigation and Judgments. The Borrower will, and will cause each of its Subsidiaries to, give notice to the Agent and each of the 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 Borrower or any of its Subsidiaries or to which the Borrower or any of its Subsidiaries is or becomes a party involving an uninsured claim against the Borrower or any of its Subsidiaries that could reasonably be expected to have a materially adverse effect on the Borrower or any of and its Subsidiaries considered as a whole 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 Agent and each of the Banks, in writing, in form and detail satisfactory to the BankBanks, within ten (10) days of any judgment not fully covered by insurance, final or otherwise, against the Borrower or any of its Subsidiaries in an amount in excess of $1,000,000500,000.

Appears in 1 contract

Samples: Revolving Credit and Deferred Payment Sales Agreement (Andersen Group Inc)

Notice of Litigation and Judgments. The Borrower Each of the Borrowers will, and will cause each of its Subsidiaries to, give notice to the Agent and each of the Banks 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 Borrower or any of its the Borrowers or their Subsidiaries or to which the Borrower or any of its the Borrowers or their Subsidiaries is or becomes a party involving an uninsured claim against the Borrower or any of its the Borrowers or their Subsidiaries that could reasonably be expected to have a materially adverse effect on the Borrower or any of its the Borrowers or their Subsidiaries and stating the nature and status of such litigation or proceedings. The Borrower Each of the Borrowers will, and will cause each of its Subsidiaries to, give notice to the Agent and each of the BanksLenders, in writing, in form and detail satisfactory to the BankAgent, within ten (10) days of any judgment not covered by insurance, final or otherwise, against the such Borrower or any of its Subsidiaries in an amount in excess of $1,000,000100,000.

Appears in 1 contract

Samples: Credit Agreement (Ict Group Inc)

Notice of Litigation and Judgments. The Borrower will, and will cause each of its Subsidiaries to, give notice to the Agent and each of the 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 Borrower or any of its Subsidiaries or to which the Borrower or any of its Subsidiaries is or becomes a party involving an uninsured claim against the Borrower or any of its Subsidiaries that could reasonably be expected to have a 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 Agent and each of the Banks, in writing, in form and detail satisfactory to the BankAgent, within ten twenty (1020) days of any judgment not covered by insurance, final or otherwise, against the Borrower or any of its Subsidiaries in an amount in excess of $1,000,0002,500,000.

Appears in 1 contract

Samples: Revolving Credit Agreement (Rti Capital Corp)

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