Litigation definition
Examples of Litigation in a sentence
All parties' claims, defenses, or otherwise in the Osmak Canadian Litigation shall remain preserved.
Notwithstanding the foregoing, no Party shall be required to pay any consideration or other amounts, or to commence, defend or participate in any Litigation or offer or grant any accommodation (financial or otherwise) to any third party in connection with the foregoing, and neither Seller nor its Affiliates shall commit to make any such payment or accommodation without Buyer’s prior written consent if such payment or accommodation would be an Assumed Liability.
There is no Litigation by Seller or any Affiliate pending, or which Seller or any Affiliate intends to initiate, in each case, relating to or affecting the Business, the Transferred Assets or the Assumed Liabilities.
To the Knowledge of Seller, there are no facts, circumstances, actions or omissions that would reasonably be likely to result in any Litigation or Order being instituted or imposed against Seller or any Affiliate with respect to the Business.
If, in any judicial proceeding, a court shall refuse to enforce all of the separate covenants of this Section 4.13 because taken together they are more extensive than necessary to assure the intended benefits of this Agreement, it is expressly understood and agreed by the Parties that the provisions hereof that, if eliminated, would permit the remaining separate provisions to be enforced in such Litigation, shall be deemed eliminated, for the purposes of such Litigation, from this Agreement.