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).
Active Litigation has the meaning set forth in Section 4.8(b).
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:
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.