Common use of Suits or Other Proceedings Clause in Contracts

Suits or Other Proceedings. Upon any officer of the Borrower obtaining knowledge of any litigation or other proceedings being instituted against the Borrower or any Subsidiary or any attachment, levy, execution or other process being instituted against any assets of the Borrower or any Subsidiary making a claim or claims which is likely to result in damages in an aggregate amount greater than $[1,000,000] not otherwise covered by insurance, promptly deliver to the Agent written notice thereof stating the nature and status of such litigation, dispute, proceeding, levy, execution or other process;

Appears in 1 contract

Samples: Credit Agreement (Wackenhut Corrections Corp)

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Suits or Other Proceedings. Upon any officer of the Borrower obtaining knowledge of any litigation or other proceedings being instituted against the Borrower or any Subsidiary or other Credit Party, or any attachment, levy, execution or other process being instituted against any assets of the Borrower or any Subsidiary or other Credit Party, making a claim or claims which is likely to result in damages in an aggregate amount greater than $[1,000,000] 100,000 not otherwise covered by insurance, promptly deliver to the Agent written notice thereof stating the nature and status of such litigation, dispute, proceeding, levy, execution or other process;

Appears in 1 contract

Samples: Credit Agreement (Saratoga Beverage Group Inc)

Suits or Other Proceedings. Upon any an officer of the Borrower obtaining knowledge of any litigation or other proceedings being instituted against the Borrower or any Subsidiary Subsidiary, or any attachment, levy, execution or other process being instituted against any assets of the Borrower or any Subsidiary making a claim or claims which is likely to result in damages Subsidiary, in an aggregate amount greater than $[1,000,000] 100,000 not otherwise covered by insurance, promptly deliver to the Agent written notice thereof stating the nature and status of such litigation, dispute, proceeding, levy, execution or other process;.

Appears in 1 contract

Samples: Credit and Reimbursement Agreement (Capstone Capital Corp)

Suits or Other Proceedings. Upon any officer of the Borrower -------------------------- obtaining knowledge of any litigation or other proceedings being instituted against the Borrower or any Subsidiary or any attachment, levy, execution or other process being instituted against any assets of the Borrower or any Subsidiary making a claim or claims which is likely to result in damages in an aggregate amount greater than $[1,000,000] not otherwise covered by insurance, promptly deliver to the Agent written notice thereof stating the nature and status of such litigation, dispute, proceeding, levy, execution or other process;

Appears in 1 contract

Samples: Credit Agreement (Roper Industries Inc /De/)

Suits or Other Proceedings. Upon any officer of the Borrower -------------------------- obtaining knowledge of any litigation or other proceedings being instituted against the Borrower or any Subsidiary or other Credit Party, or any attachment, levy, execution or other process being instituted against any assets of the Borrower or any Subsidiary or other Credit Party, making a claim or claims which is likely to result in damages in an aggregate amount greater than $[1,000,000] 3,000,000, to the extent not otherwise covered by insurance, promptly deliver to the Agent written notice thereof stating the nature and status of such litigation, dispute, proceeding, levy, execution or other process;.

Appears in 1 contract

Samples: Credit Agreement (Cone Mills Corp)

Suits or Other Proceedings. Upon any officer of the Borrower obtaining knowledge of any litigation or other proceedings being instituted against the Borrower or any Subsidiary or other Credit Party, or any attachment, levy, execution or other process being instituted against any assets of the Borrower or any Subsidiary or other Credit Party, making a claim or claims which is likely to result in damages in an aggregate amount greater than $[1,000,000] 3,000,000, to the extent not otherwise covered by insurance, promptly deliver to the Agent written notice thereof stating the nature and status of such litigation, dispute, proceeding, levy, execution or other process;.

Appears in 1 contract

Samples: Credit Agreement (Cone Mills Corp)

Suits or Other Proceedings. Upon any officer of the Borrower obtaining knowledge of any litigation or other proceedings being instituted against the Borrower or any Subsidiary or other Credit Party, or any attachment, levy, execution or other process being instituted against any assets of the Borrower or any Subsidiary or other Credit Party, making a claim or claims which is likely to result in damages in an aggregate amount greater than $[1,000,000] 1,000,000 not otherwise covered by insurance, promptly deliver to the Agent written notice thereof stating the nature and status of such litigation, dispute, proceeding, levy, execution or other process;.

Appears in 1 contract

Samples: Credit Agreement (Insteel Industries Inc)

Suits or Other Proceedings. Upon any officer of the Borrower obtaining knowledge of any litigation or other proceedings being instituted against the Borrower or any Subsidiary or other Credit Party, or any attachment, levy, execution or other process being instituted against any assets of the Borrower or any Subsidiary or other Credit Party, making a claim or claims which is likely to result in damages in an aggregate amount greater than $[1,000,000] 500,000 not otherwise covered by insurance, promptly deliver to the Agent written notice thereof stating the nature and status of such litigation, dispute, proceeding, levy, execution or other process;

Appears in 1 contract

Samples: Stock Pledge Agreement (Cultural Access Worldwide Inc)

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Suits or Other Proceedings. Upon any officer of the Borrower obtaining knowledge of any litigation material litigation, dispute or other proceedings being instituted or threatened against the Borrower or any Subsidiary Borrower, or any attachment, levy, execution or other process being instituted against any assets of the Borrower Borrower, in any case embodying or any Subsidiary making relating to a claim or claims which is likely in excess of $100,000 net of insurance coverages, cause to result in damages in an aggregate amount greater than $[1,000,000] not otherwise covered by insurance, be delivered promptly deliver to the Agent written notice thereof stating the nature and status of Lender an Officers' Certificate describing such litigation, dispute, proceeding, levy, execution or other process;.

Appears in 1 contract

Samples: Credit Agreement (Lai Worldwide Inc)

Suits or Other Proceedings. Upon any officer of the any Borrower obtaining knowledge of any litigation or other proceedings being instituted against the Borrower or any Subsidiary Borrower, any Subsidiary, or any attachment, levy, execution or other process being instituted against any assets of the any Borrower or any Subsidiary Subsidiary, making a claim or claims which is likely to result in damages in an aggregate amount greater than $[1,000,000] 500,000 not otherwise covered by insurance, promptly deliver to the Agent written notice thereof stating the nature and status of such litigation, dispute, proceeding, levy, execution or other process;

Appears in 1 contract

Samples: Term Loan Agreement (River Oaks Furniture Inc)

Suits or Other Proceedings. Upon any officer of the Borrower obtaining knowledge of any claim, litigation or other proceedings being instituted against the any Borrower or any Subsidiary Subsidiary, or any attachment, levy, execution or other process being instituted against any assets of the any Borrower or any Subsidiary Subsidiary, making a claim or claims which is likely to result in damages in an aggregate amount greater than $[1,000,000] 500,000 not otherwise covered by insurance, promptly deliver to the each Agent written notice thereof stating the nature and status of such claim, litigation, dispute, proceeding, levy, execution or other process;.

Appears in 1 contract

Samples: Credit Agreement (Consoltex Usa Inc)

Suits or Other Proceedings. Upon any officer of the Borrower obtaining knowledge of any litigation or other proceedings being instituted against the Borrower or any Subsidiary or any attachment, levy, execution or other process being instituted against any assets of the Borrower or any Subsidiary making a claim or claims which is likely to result in damages in an aggregate amount greater than $[1,000,000] 1,000,000 not otherwise covered by insurance, promptly deliver to the Agent written notice thereof stating the nature and status of such litigation, dispute, proceeding, levy, execution or other process;

Appears in 1 contract

Samples: Credit Agreement (Wackenhut Corrections Corp)

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