Significant Litigation definition

Significant Litigation means each action, suit, proceeding, litigation and controversy involving Borrower involving claims in excess of Two Million Dollars ($2,000,000.00) or which if determined adverse to the interests of Borrower could result in a Material Adverse Change.
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Significant Litigation means any litigation, arbitration, mediation and/or similar dispute resolution matters and/or proceedings pertaining to a particular dispute or series of related disputes that either General Partner reasonably estimates will cost the Partnership and/or any SP Subsidiaries aggregate legal fees, costs and expenses in excess of Five Hundred Thousand Dollars ($500,000).
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Significant Litigation means each action, suit, proceeding, litigation and controversy against, or to the actual knowledge of Borrowers threatened, or affecting any member of the Argosy Consolidation, or any of them, not fully covered by insurance or that is subject to a reservation of rights and involving claims in excess of Three Million Dollars ($3,000,000.00) or which if determined adverse to the interests of any member of the Argosy Consolidation, or any of them, would reasonably be expected to result in a Material Adverse Change.
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Examples of Significant Litigation in a sentence

  • Except as set forth on Exhibit P, There are no actions, suits or legal, equitable, arbitration or administrative proceedings pending or, to the knowledge of the Company, threatened, against the Company or any of its Subsidiaries that would, if adversely determined, have a Material Adverse Effect, except as described in the Company's December 31, 2003, year-end financial statements (the "Significant Litigation").

  • Except as disclosed on the Schedule of Significant Litigation delivered in connection with Section 3.20, to the best knowledge of Borrowers, after due inquiry and investigation, there is no action, suit, proceeding, inquiry, hearing or investigation pending or threatened, in any court of law or in equity, or before any Governmental Authority, which could reasonably be expected to result in any Material Adverse Change.

  • As of the date of Closing the Borrower shall provide to the Agent a current Summary of Current Significant Litigation in a form consistent with that delivered prior hereto and referred to in (a) of this subsection.

  • Borrower hereby confirms the representations contained in Sections 2.1 and 2.2 of the Environmental Certificate are true and correct in all respects, except with respect to the matters disclosed on the Schedule of Significant Litigation.

  • The amount(s) of any judgment(s) resulting from the Significant Litigation (if adversely determined) are fully insured (less customary deductibles) by one or more binding and enforceable insurance policies in favor of the Company and its Subsidiaries, which policies are issued in accordance with the provisions of this Loan Agreement, or adequate reserves to satisfy them are reflected on the balance sheet.

  • Except as disclosed on the Schedule of Significant Litigation delivered in connection with Section 3.10, to the best knowledge of Borrowers, after due inquiry and investigation, there is no action, suit, proceeding, inquiry, hearing or investigation pending or threatened, in any court of law or in equity, or before any Governmental Authority, which could reasonably be expected to (a) result in any Material Adverse Change in the Business Operation, or (b) result in any Material Adverse Effect.

Related to Significant Litigation

  • Material litigation means any litigation that, according to

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

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

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

  • 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.