Notice of Litigation definition

Notice of Litigation. With respect to any Mortgage Loan or A/B Mortgage Loan as to which litigation is instituted, the Primary Servicer, if aware of such litigation, shall notify the Master Servicer immediately as to the status of the litigation related to such Mortgage Loan or A/B Mortgage Loan and shall, when reasonably required or requested by the Master Servicer, provide to the Master Servicer copies of all pertinent information in the Primary Servicer's possession related to such litigation, including, without limitation, copies of related Servicing Documents.
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Notice of Litigation. Promptly after the receipt by the Borrower, or by any Guarantor of which Borrower has knowledge, of notice or complaint of any action, suit, and proceeding before any court or administrative agency of any type which, if determined adversely, could have a material adverse effect on the financial condition, properties, or operations of the Borrower or Guarantor, as appropriate.
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Notice of Litigation. ADMINISTRATIVE PROCEEDINGS AND TAX RE-QUALIFICATIONS: THE DEBTOR and each of the GUARANTORS, shall give written notice to THE CREDITOR, immediately after THE DEBTOR learns of any litigation or administrative or arbitration proceeding, or tax re-qualifications, which may affect THE DEBTOR, that is developing adversely or that threatens to be initiated against it, and which may have an adverse material effect on the business, assets or financial condition of THE DEBTOR, or which may affect or which can materially affect the capacity of THE DEBTOR to comply with its obligations acquired under this instrument and this LOAN AGREEMENT. ANNUAL REVIEWS OF THE LOAN: THE DEBTOR and XXXXXXX XX XXXXX RICA, S.A., agree and undertake to respect to respect the annual reviews of the loan to be conducted by THE CREDITOR, and respect all those additional requirements that may be necessary to impose on THE DEBTOR and XXXXXXX XX XXXXX RICA, S.A. as a result of such reviews. a. THE DEBTOR agrees that each year during the term of the loan, it will complete and submit OPIC's form of "Self-Monitoring Questionnaire for Insurance & Financial Projects" (as that form may be amended from time to time) with respect to the operation of the project. Also, THE DEBTOR agrees that it will, upon OPIC's request, permit OPIC representatives to inspect the Debtor's facilities and properties during normal business hours. KEEPING OF BOOKS AND RECORDS: THE DEBTOR and XXXXXXX XX XXXXX RICA, S.A. undertake to adequately and accurately keep all the books and records necessary and common in similar companies. BUSINESS WITH AFFILIATES: Both THE DEBTOR and XXXXXXX XX XXXXX RICA, S.A. can undertake business or transactions with affiliates, provided said business
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Examples of Notice of Litigation in a sentence

  • Testimony in judicial or quasi-judicial proceedings relating to the Contract or other delivery of information requested by the HHSC or other agencies’ investigators or legal staff.14.08 Notice of Litigation or Contract Action Contractor will notify HHSC of any litigation or legal matter related to or affecting the Contract within seven calendar days of becoming aware of the litigation or legal matter.

  • As soon as practicable after a Responsible Officer of the Company knows of the existence of any Default, the Company will notify the Lender, in writing, of the occurrence of such Default, together with a reasonably detailed description thereof, and the actions the Company proposes to take with respect thereto.(f) Notice of Litigation and Judgments.

  • POST-CLOSING COVENANTS OF THE PURCHASER 7 5.1 Information and Reports to be Furnished 7 5.2 Budget and Operating Forecast 8 5.3 Notice of Litigation, Defaults, etc.

  • Carry out inspections or request competent authorities to carry out inspections at enterprises according to information in applications for enterprise registration; provide instructions for business registration authorities of districts on necessary documents and procedures for business household registration; provide in necessary documents and procedures for enterprise registration.

  • Notice of Litigation, Legislative Developments and Defaults 39 Section 5.06.

  • This indicates that the reform contributed to a reduction in this form of fraud.

  • Plaintiff had also been disciplined for failing to complete his duties as a server for five consecutive days.

  • A sample Reminder Notice of Litigation Hold is provided as Attachment 2.

  • Furnish to the Bank: Notice of Litigation: Promptly after the receipt by Guarantor, or by Borrower of which Guarantor has knowledge, of notice of any action, suit, and proceeding before any court or governmental agency of any type which, if determined adversely, could have a material adverse effect on the financial condition, properties, or operations of the Guarantor or Borrower, as appropriate.

  • File all tax returns and pay or make adequate provision for the payment of all taxes, assessments and other charges on or prior to the date when due;6.1.3 Notice of Litigation.

Related to Notice of Litigation

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

  • Notice of Lien means any "notice of lien" or similar document intended to be filed or recorded with any court, registry, recorder's office, central filing office or other Governmental Authority for the purpose of evidencing, creating, perfecting or preserving the priority of a Lien securing obligations owing to a Governmental Authority.

  • Notice of Motion means a notice setting out the text of a motion, which it is proposed to move at the next relevant meeting;

  • Notice of Appeal means a notice given pursuant to Condition 6.2.

  • Notice of Action shall have the meaning set forth in Section 7.1C.

  • Notice of Hearing means a notice containing the information set out in Schedule VIII;

  • Arbitration Notice has the meaning set forth in Section 9.13.

  • Mediation Notice has the meaning set forth in Section 7.06(c).

  • 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 Contractor 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 Contract 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 Contractor’s financial condition.

  • Notice of Arbitration means the formal notice from the CONTRACTOR or the CUSTOMER to the other party referring a dispute to arbitration in accordance with the provisions of Schedule 2-9.

  • dispute resolution proceeding ’ means any process in which an alternative means of dispute resolution is used to resolve an issue in controversy in which a neutral is appointed and specified parties participate;

  • Notice of Dispute has the meaning provided in Section 2.1(f)(iii) of this Commercial Shared-Loss Agreement.

  • Lawsuit means any lawsuit, arbitration or other dispute resolution filed by either party herein pertaining to any of this Warrant, the Facility Agreement and the Registration Rights Agreement.

  • Notice of Extension has the meaning specified in Section 2.20.

  • Notice and Claims Agent means Prime Clerk LLC.

  • Notice of Violation means a written notice prepared by an enforcement official that informs a responsible person of code violations and orders them to take certain steps to correct the violations.

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

  • Informal proceedings means proceedings for probate of a will or appointment of a personal representative conducted by the probate register without notice to interested persons.

  • Notice of Revocation means, in connection with the revocation by a Beneficial Owner or its Agent Member of its Notice of Tender, a notice, substantially in the form attached to the Tender and Paying Agent Agreement, delivered by a Beneficial Owner or its Agent Member to the Tender and Paying Agent indicating an intention to revoke the tender of some or all of the VRDP Shares for sale on a Purchase Date pursuant to Section 1 of Part II of this Statement.

  • Disclosed Litigation has the meaning specified in Section 3.01(b).

  • Complaints Procedure means the School's procedure for handling complaints from parents, as amended from time to time for legal or other substantive reasons, or in order to assist the proper administration of the School. It does not form part of the contract between you and the School. A copy of the most up-to-date procedure is on the School's website and is otherwise available from the School at any time upon request;

  • Dispute Resolution Process means the process described in clause 9

  • Litigation means any action, suit or proceeding before any court, mediator, arbitrator or Governmental Authority.

  • Notice of Claim has the meaning set forth in Section 9.4(a).

  • Xxxxx Notice means the Notice of Grant of Stock Option accompanying the Agreement, pursuant to which Optionee has been informed of the basic terms of the option evidenced hereby.

  • Arbitration Request shall have the meaning set forth in Section 7.3(a).