Common use of Notice of Litigation Clause in Contracts

Notice of Litigation. Each Grantor shall give notice, in writing, to the Secured Party of (a) any actions, suits or proceedings wherein the amount at issue is in excess of $50,000, instituted by any person against any Grantor, or affecting any of the assets of any Grantor, and (b) any dispute, not resolved within fifteen (15) days of the commencement thereof, between any Grantor on the one hand and any governmental or regulatory body on the other hand, which might reasonably be expected to have a Material Adverse Effect on the business operations or financial condition of any Grantor.

Notice of Litigation. Each Grantor The Grantors shall give notice, in writing, to the Secured Party of (a) any actions, suits or proceedings wherein the amount at issue is in excess of $50,000, instituted by any person persons against any a Grantor, or affecting any of the assets of any a Grantor, and (b) any dispute, not resolved within fifteen (15) days of the commencement thereof, between any a Grantor on the one hand and any governmental or regulatory body on the other hand, which might reasonably be expected to have a Material Adverse Effect on the business operations or financial condition of any Grantorsuch Grantors.

Notice of Litigation. Each Grantor shall give notice, in writing, to the Secured Party of (a) any actions, suits or proceedings wherein the amount at issue is in excess of $50,000250,000, instituted by any person persons against any the Grantor, or affecting any of the assets of any Grantorthe Company, and (b) any dispute, not resolved within fifteen (15) days of the commencement thereof, between any the Grantor on the one hand and any governmental or regulatory body on the other hand, which might reasonably be expected to have a Material Adverse Effect on the business operations or financial condition of any the Grantor.

Notice of Litigation. Each Grantor shall give notice, in writing, to the Secured Party of (a) any actions, suits or proceedings wherein the amount at issue is in excess of $50,000100,000, instituted by any person persons against any a Grantor, or affecting any of the assets of any such Grantor, and (b) any dispute, not resolved within fifteen (15) days of the commencement thereof, between any a Grantor on the one hand and any governmental or regulatory body on the other hand, which might reasonably be expected to have a Material Adverse Effect on the business operations or financial condition of any such Grantor.

Notice of Litigation. Each Grantor The Grantors shall give notice, in writing, to the Secured Party of (a) any actions, suits or proceedings wherein the amount at issue is in excess of $50,000100,000, instituted by any person persons against any a Grantor, or affecting any of the assets of any a Grantor, and (b) any dispute, not resolved within fifteen (15) days of the commencement thereof, between any a Grantor on the one hand and any governmental or regulatory body on the other hand, which might reasonably be expected to have a Material Adverse Effect on the business operations or financial condition of any such Grantor.

Notice of Litigation. Each Grantor shall give notice, in writing, to the Secured Party of (a) any actions, suits or proceedings wherein the amount at issue is in excess of $50,000500,000, instituted by any person persons against any the Grantor, or affecting any of the assets of any Grantorthe Company, and (b) any dispute, not resolved within fifteen (15) days of the commencement thereof, between any the Grantor on the one hand and any governmental or regulatory body on the other hand, which might reasonably be expected to have a Material Adverse Effect on the business operations or financial condition of any the Grantor.

Notice of Litigation. Each Grantor shall give notice, in writing, to the Secured Party of (a) any actions, suits or proceedings wherein the amount at issue is in excess of $50,000250,000, instituted by any person persons against any a Grantor, or affecting any of the assets of any such Grantor, and (b) any dispute, not resolved within fifteen (15) days of the commencement thereof, between any a Grantor on the one hand and any governmental or regulatory body on the other hand, which might reasonably be expected to have a Material Adverse Effect on the business operations or financial condition of any such Grantor.

Notice of Litigation. Each Grantor shall give notice, in writing, to the Secured Party of (a) any actions, suits or proceedings wherein the amount at issue is in excess of $50,000, instituted by any person persons against any the Grantor, or affecting any of the assets of any Grantorthe Company, and (b) any dispute, not resolved within fifteen (15) days of the commencement thereof, between any the Grantor on the one hand and any governmental or regulatory body on the other hand, which might reasonably be expected to have a Material Adverse Effect on the business operations or financial condition of any the Grantor.

Notice of Litigation. Each Grantor shall give notice, in writing, to the Secured Party of (a) any actions, suits or proceedings wherein the amount at issue is in excess of $50,00025,000, instituted by any person persons against any a Grantor, or affecting any of the assets of any such Grantor, and (b) any dispute, not resolved within fifteen (15) days of the commencement thereof, between any a Grantor on the one hand and any governmental or regulatory body on the other hand, which might reasonably be expected to have a Material Adverse Effect on the business operations or financial condition of any such Grantor.

Notice of Litigation. Each Grantor shall give notice, in writing, to the Secured Party of (a) any actions, suits or proceedings wherein the amount at issue is in excess of $50,000250,000, instituted by any person persons against any the Grantor, or affecting any of the assets of any Grantorthe Company, and (b) any dispute, not resolved within fifteen (15) days of the commencement thereof, between any the Grantor on the one hand and any governmental or regulatory body on the other hand, which might reasonably be expected to have result in a Material Adverse Effect on the business operations or financial condition of any the Grantor.

Notice of Litigation. Each The Grantor shall give notice, in writing, to the Secured Party of (a) any actions, suits or proceedings wherein the amount at issue is in excess of $50,000250,000, instituted by any person persons against any the Grantor, or affecting any of the assets of any GrantorPledged Property, and (b) any dispute, not resolved within fifteen (15) days of the commencement thereof, between any the Grantor on the one hand and any governmental or regulatory body on the other hand, which might reasonably be expected to have a Material Adverse Effect on the business operations or financial condition of any GrantorPledged Property.

Notice of Litigation. Each The Grantor shall give notice, in writing, to the Secured Party of (a) any actions, suits or proceedings wherein the amount at issue is in excess of $50,000500,000, instituted by any person persons against any the Grantor, or affecting any of the assets of any the Grantor, and (b) any dispute, not resolved within fifteen (15) days of the commencement thereof, between any the Grantor on the one hand and any governmental or regulatory body on the other hand, which might reasonably be expected to have a Material Adverse Effect on the business operations or financial condition of any the Grantor.

Notice of Litigation. Each The Grantor shall give notice, in writing, to the Secured Party of (a) any actions, suits or proceedings wherein the amount at issue is in excess of $50,000250,000, instituted by any person persons against any the Grantor, or affecting any of the assets of any Grantorthe Company instituted after the date hereof, and (b) any dispute, not resolved within fifteen (15) days of the commencement thereof, between any the Grantor on the one hand and any governmental or regulatory body on the other hand, which might reasonably be expected to have a Material Adverse Effect on the business operations or financial condition of any the Grantor.

Notice of Litigation. Each Grantor shall give notice, in writing, to the Secured Party of (a) any actions, suits or proceedings wherein the amount at issue is in excess of $50,000, instituted by any person against any a Grantor, or affecting any of the assets of any such Grantor, and (b) any b)any dispute, not resolved within fifteen (15) days of the commencement thereof, between any a Grantor on the one hand and any governmental or regulatory body on the other hand, which might reasonably be expected to have a Material Adverse Effect on the business operations or financial condition of any such Grantor.

Notice of Litigation. Each Grantor shall give notice, in writing, to the Secured Party of (a) any actions, suits or proceedings wherein the amount at issue is in excess of $50,000, instituted by any person against any Grantor, or affecting any of the assets of any GrantorGuarantor, and (b) any dispute, not resolved within fifteen (15) days of the commencement thereof, between any Grantor on the one hand and any governmental or regulatory body on the other hand, which might reasonably be expected to have a Material Adverse Effect on the business operations or financial condition of any Grantor.

Notice of Litigation. Each Grantor shall give notice, in writing, to the Secured Party of (a) any actions, suits or proceedings wherein the amount at issue is in excess of $50,00025,000, instituted by any person persons against any the Grantor, or affecting any of the assets of any Grantorthe Company, and (b) any dispute, not resolved within fifteen (15) days of the commencement thereof, between any the Grantor on the one hand and any governmental or regulatory body on the other hand, which might would reasonably be expected to have a Material Adverse Effect on the business operations or financial condition of any the Grantor.

Notice of Litigation. Each Grantor shall give notice, in writing, to the Secured Party of (a) any actions, suits or proceedings wherein the amount at issue is in excess of $50,000, instituted by any person against any a Grantor, or affecting any of the assets of any such Grantor, and (b) any b)any dispute, not resolved within fifteen (15) days of the commencement thereof, between any a Grantor on the one hand and any governmental or regulatory body on the other hand, which might reasonably be expected to have a Material Adverse Effect on the business operations or financial condition of any such Grantor.

Notice of Litigation. Each The Grantor shall give notice, in writing, to the Secured Party of (a) any actions, suits or proceedings wherein the amount at issue is in excess of $50,000250,000, instituted by any person persons against any the Grantor, or affecting any of the assets of any Grantorthe Company, and (b) any dispute, not resolved within fifteen (15) days of the commencement thereof, between any the Grantor on the one hand and any governmental or regulatory body on the other hand, which might reasonably be expected to have a Material Adverse Effect on the business operations or financial condition of any the Grantor.