Common use of Pending and Threatened Litigation Clause in Contracts

Pending and Threatened Litigation. Please furnish our auditors with details of any litigation or lawsuits with which Buyer is involved in directly or indirectly, and any claims asserted against Buyer even though legal proceedings have not started, including (1) the nature of any pending or threaten litigation, (2) the progress of the matter to date, (3) the response which is being made or which will be made to the matter, and (4) an evaluation of the likelihood of an unfavorable outcome and an estimate, if one can be made, of the amount or range of potential loss.

Appears in 5 contracts

Samples: Purchase and Sale Agreement and Joint Escrow Instructions (Healthcare Trust of America, Inc.), Purchase and Sale Agreement and Joint Escrow Instructions (Healthcare Trust of America, Inc.), Purchase and Sale Agreement and Joint Escrow Instructions (Healthcare Trust of America, Inc.)

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