Litigation Event definition

Litigation Event means, with respect to the Adviser, the Trust or the Fund, as applicable, the submission of any claim or the commencement of any proceedings by or against such party in any federal, state or local court in any jurisdiction or before any other Government Authority, or before any arbitrator, or the explicit threat of any such proceedings, which, if adversely determined, could have an Adverse Effect in respect of such party.

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Litigation Event means the commencement or continuation of litigation involving a Fund, Fund Manager or other service provider of that Fund that is, in the determination of the Calculation Agent, material;

Litigation Event means, with respect to the Adviser or the Fund, as applicable, the submission of any claim or the commencement of any proceedings by or against such party in any Federal, state or local court or before any governmental body or agency, or before any arbitrator, or the explicit threat of any such proceedings, which, if adversely determined, would reasonably be expected to have an Adverse Effect with respect to such party.

Examples of Litigation Event in a sentence

In the event that the Main Plaintiffs and Hershey Canada are unable to agreed upon whether an event qualifies as a Materially Adverse Litigation Event, such disputes shall be resolved in accordance with section 14.2.
As of the date hereof, no Negative Litigation Event has occurred, and neither the Corporation nor any of its Subsidiaries is aware of any facts that indicate a reasonable likelihood of the occurrence of a Negative Litigation Event.
The Springing Event Notice shall (i) provide reasonable background on the facts and circumstances of the Specified Litigation Event, (ii) inform the Holders that the Springing Event has occurred and (iii) request that each of the Holders notify the Company of the number of shares of Common Stock held by such Holders or their Affiliates.
The Springing Event Notice shall (i) provide reasonable background on the facts and circumstances of the Specified Litigation Event, (ii) inform such holders or lenders that the Springing Event has occurred and (iii) to the extent applicable, request that each of the holders, or lenders, of such Subordinated Obligations notify the Company of the number of shares of common stock held by such holder or lender.
During the term of this Agreement, the Company shall provide to the Purchaser notice of any and all actions, suits, proceedings or other litigation (each, a “Litigation Event”) to which the Company is a party, regardless of the materiality of such Litigation Event to the business, operations, financial condition, properties or assets of the Company.
Effective upon the Second Amendment Effective Date, the undersigned Required Lenders hereby waive the Litigation Event of Default.
In addition, upon the occurrence of a Mezzanine Litigation Event (as defined in the Litigation Indemnity), Lender may cause Borrower to establish (or establis▇ ▇▇ ▇▇▇▇▇▇▇▇'▇ ▇▇▇▇▇▇) an account to collect excess cash flow pursuant to the terms of the Litigation Indemnity.
The Company shall furnish to the Purchaser such reports or information regarding such Litigation Event as the Purchaser may reasonably request.
The Series 1999D Bonds are limited obligations of the Issuer and, as provided in the Indenture, are payable, solely from the Litigation Proceeds upon the occurrence of a Litigation Event, Exit Funding Payments and other moneys deposited in the accounts established under the Indenture for payment of the Series 1999D Bonds.
This Series 1999B Bond shall bear interest at the rate of 8.375% per annum unless a Litigation Event occurs while the Series 1999B Bonds are Outstanding in which case the Series 1999B Bonds will bear interest at the Interest Rate set forth above plus the Supplemental Interest at a rate not to exceed 5.625% per annum, all as provided in the Indenture.

More Definitions of Litigation Event

Litigation Event means the commencement or continuation of litigation involving the Fund, the Fund Manager or other service provider of the Fund that is, in the determination of the Calculation Agent, material;

Litigation Event as defined in Section 7.3. Loan-to-Value Ratio or LTV: With respect to any Mortgage Loan, the ratio of the original loan amount of the Mortgage Loan at its origination (unless otherwise indicated) to the Appraised Value of the Mortgaged Property. MERS: MERSCORP, Inc., its successors and assigns.

Litigation Event means (i) any Action pending or, to the knowledge EMCC or the Company, threatened against the Company, any of its Subsidiaries or any of their respective directors or officers (in their capacities as such) that would reasonably be expected to have a Company Material Adverse Effect, or (ii) any judgment or order of any Governmental Entity against the Company, any of its Subsidiaries or any of their respective directors or officers (in their capacities as such) that would reasonably be expected to have a Company Material Adverse Effect, except in each case, to the extent (i) caused primarily by the knowing and willful action (or omission to act) of any Specified Individual or (ii) primarily the result of the transactions contemplated by this Agreement.

Litigation Event means (a) the written assertion by the Company or any Subsidiary of the Company of a claim for compensation as a result of a default, breach or other violation of rights under the Core Petrodelta Documents or otherwise in connection with the Company and its Subsidiaries’ investment in Petrodelta, (b) the exercise of or written threat to exercise any remedies or (c) the commencement of or written threat to commence by the Company or any Subsidiary of the Company any Adversary Proceeding, in each case under clause (a), (b) and (c) made to or against Petrodelta, any Affiliate of Petrodelta or any Governmental Authority of Venezuela.

Litigation Event means any investigation by a Governmental Authority or any litigation, indictment or proceeding commenced or threatened in writing against any Credit Party or any Senior Management of any Credit Party that (A) seeks damages in excess of $400,000, (B) seeks injunctive relief, (C) is asserted or instituted against any Plan, its fiduciaries or its assets, (D) alleges criminal misconduct by any Credit Party or any Senior Management of any Credit Party, (E) involves an SEC or other regulatory enforcement action again any Credit Party or any Senior Management, or (F) asserts liability on the part of any Credit Party or any Subsidiary in excess of $400,000 in respect of any tax, fee, assessment, or other governmental charge.

Litigation Event means any event that results in the actual receipt of Litigation Proceeds.