Active Litigation definition

Active Litigation. Any litigation commenced by any Person (including the related Mortgagor) (the “Plaintiff”) against the Seller, any Trustee, any servicer or originator of an Asset or any other party (each a “Defendant” and collectively, the “Defendants”) which (i) relates to or arises from the Plaintiff's Asset, and (ii) asserts direct causes of action or counterclaims pursuant to which the Plaintiff is seeking monetary damages against a Defendant(s).
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Active Litigation has the meaning set forth in Section 4.8(b).
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Active Litigation means any civil action or proceeding in a regularly established court, whereby LICENSEE seeks to protect and enforce the Patent Rights pursuant to Section 9.3 hereof, so long as such action or proceeding is not stayed by the court or by agreement of the parties to the litigation." 2 3. Article IX, Section 9.3, of each of the License Agreements (as previously amended) is hereby deleted in its entirety, and the following substituted therefor:
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Examples of Active Litigation in a sentence

  • Platinum shall pay, or cause to be paid, and indemnify Seller, the Companies and the Subsidiaries from any costs of defense and any amounts to be paid in connection with the Active Litigation, including pursuant to any judgment or settlement related thereto, except to the extent accrued as a liability in connection with the determination of the Actual Equity Book Value as of the Closing Date.

  • Active Litigation On May 5, 1998, a class action lawsuit was filed against CLC in the Superior Court of New Jersey in Bergen County, New Jersey.

  • Projects in Active Litigation on the Basis of NEPA Determination: The department is currently not in active litigation in any lawsuits on the basis of the NEPA determination.

Related to Active Litigation

  • Transaction Litigation has the meaning set forth in Section 5.2(d).

  • Pending Litigation means a proceeding in a court of law whose activity is in progress but not yet completed.

  • Litigation as used herein shall include administrative enforcement actions brought by governmental agencies. The Grantee must also disclose any material litigation threatened or pending involving Subcontractors, consultants, and/or lobbyists. For purposes of this section, “material” refers, but is not limited, to any action or pending action that a reasonable person knowledgeable in the applicable industry would consider relevant to the Work under the Grant Agreement or any development such a person would want to be aware of in order to stay fully apprised of the total mix of information relevant to the Work, together with any litigation threatened or pending that may result in a substantial change in the ▇▇▇▇▇▇▇’s financial condition.

  • Threatened litigation as used herein shall include governmental investigations and civil investigative demands. “Litigation” as used herein shall include administrative enforcement actions brought by governmental agencies. The Grantee must also disclose any material litigation threatened or pending involving Subcontractors, consultants, and/or lobbyists. For purposes of this section, “material” refers, but is not limited, to any action or pending action that a reasonable person knowledgeable in the applicable industry would consider relevant to the Work under the Grant Agreement or any development such a person would want to be aware of in order to stay fully apprised of the total mix of information relevant to the Work, together with any litigation threatened or pending that may result in a substantial change in the ▇▇▇▇▇▇▇’s financial condition.

  • Unresolved Claim means a Claim, which at the relevant time, in whole or in part: (a) has not been Finally Determined to be a Proven Claim in accordance with the Amended Claims Procedure Order and this Plan; (b) is validly disputed in accordance with the Amended Claims Procedure Order; and/or (c) remains subject to review and for which a Notice of Allowance or Notice of Revision or Disallowance (each as defined in the Amended Claims Procedure Order) has not been issued to the Creditor in accordance with the Amended Claims Procedure Order as at the date of this Plan, in each of the foregoing clauses, including both as to proof and/or quantum;