Judgment and Proceedings. (A) (1) The entry of any judgment or decree against the Servicer or any of its respective Subsidiaries if the aggregate amount of all judgments and decrees then outstanding against the Servicer and its Subsidiaries exceeds $25,000,000 and (2) the institution of any litigation, arbitration proceeding or governmental proceeding against the Servicer, which, individually or in the aggregate, if adversely determined, would reasonably be expected to result in a judgment in excess of $50,000,000; and (B) the entry of any judgment or decree or the institution of any litigation, arbitration proceeding or governmental proceeding against Seller.
Appears in 6 contracts
Samples: Receivables Purchase Agreement (Avnet Inc), Receivables Purchase Agreement (Avnet Inc), Receivables Purchase Agreement (Avnet Inc)
Judgment and Proceedings. (A) (1) The entry of any judgment or decree against the Servicer or any of its respective Subsidiaries if the aggregate amount of all judgments and decrees then outstanding against the Servicer and its Subsidiaries exceeds $25,000,000 and (2) the institution of any litigation, arbitration proceeding or governmental proceeding against the Servicer, which, individually or in Servicer if the aggregate, if adversely determined, would reasonably be expected to result in a judgment in excess aggregate amount of all such claims against the Servicer and its Subsidiaries exceeds $50,000,00025,000,000; and (B) the entry of any judgment or decree or the institution of any litigation, arbitration proceeding or governmental proceeding against Seller.
Appears in 3 contracts
Samples: Receivables Purchase Agreement (Beckman Coulter Inc), Receivables Purchase Agreement (Beckman Coulter Inc), Receivables Purchase Agreement (Beckman Coulter Inc)
Judgment and Proceedings. (A) (1x) The entry of any judgment or decree against the Servicer or any of its respective material Subsidiaries if the aggregate amount of all judgments and decrees then outstanding against the Servicer and its material Subsidiaries exceeds $25,000,000 and 50,000,000, (2y) the institution of any litigation, arbitration proceeding proceeding, investigation or governmental proceeding against the Servicer, Servicer which, individually or in the aggregate, if adversely determined, would could reasonably be expected to result in have a judgment in excess of $50,000,000; Material Adverse Effect, and (Bz) the entry of any judgment or decree or the institution of material adverse development in any previously disclosed litigation, arbitration proceeding proceeding, investigation or governmental proceeding against Sellerproceeding.
Appears in 2 contracts
Samples: Loan and Servicing Agreement (SNAP-ON Inc), Loan and Servicing Agreement (SNAP-ON Inc)
Judgment and Proceedings. (A) (1) The entry of any judgment or decree against the Servicer or any of its respective Subsidiaries if the aggregate amount of all judgments and decrees then outstanding against the Servicer and its Subsidiaries exceeds $25,000,000 and (2) the institution of any litigation, arbitration proceeding or governmental proceeding against the Servicer, Servicer which, individually or in the aggregate, if adversely determined, would could reasonably be expected to result in have a judgment in excess of $50,000,000Material Adverse Effect; and (B) the entry of any judgment or decree or the institution of any litigation, arbitration proceeding or governmental proceeding against Seller.
Appears in 2 contracts
Samples: Receivables Purchase Agreement (Convergys Corp), Receivables Purchase Agreement (Convergys Corp)
Judgment and Proceedings. (A) (1) The entry of any judgment or decree against the Servicer or any of its respective Subsidiaries if the aggregate amount of all judgments and decrees then outstanding against the Servicer and its Subsidiaries exceeds $25,000,000 15,000,000, and (2) the institution of any litigation, arbitration proceeding or governmental proceeding against the Servicer, Servicer which, individually or in the aggregate, if adversely determineddetermined to the Servicer, would could reasonably be expected to result in have a judgment in excess of $50,000,000Material Adverse Effect; and (B) the entry of any judgment or decree or the institution of any litigation, arbitration proceeding or governmental proceeding against Seller.
Appears in 2 contracts
Samples: Receivables Purchase Agreement (Insight Enterprises Inc), Receivables Purchase Agreement (Insight Enterprises Inc)
Judgment and Proceedings. (A) (1) The entry of any judgment or decree against the Servicer or any of its respective Subsidiaries if the aggregate amount of all judgments and decrees then outstanding against the Servicer and its Subsidiaries exceeds $25,000,000 15,000,00025,000,000, and (2) the institution of any litigation, arbitration proceeding or governmental proceeding against the Servicer, Servicer which, individually or in the aggregate, if adversely determineddetermined to the Servicer, would could reasonably be expected to result in have a judgment in excess of $50,000,000Material Adverse Effect; and (B) the entry of any judgment or decree or the institution of any litigation, arbitration proceeding or governmental proceeding against Seller.
Appears in 1 contract
Samples: Receivables Purchase Agreement (Insight Enterprises Inc)
Judgment and Proceedings. (A) (1) The entry of any judgment or decree against the Servicer or any of its respective Subsidiaries if the aggregate amount of all judgments and decrees then outstanding against the Servicer and its Subsidiaries exceeds $25,000,000 15,000,000 and (2) the institution of any litigation, arbitration proceeding or governmental proceeding against the Servicer, Servicer which, individually or in the aggregate, if adversely determined, would could reasonably be expected to result in have a judgment in excess of $50,000,000Material Adverse Effect; and (B) the entry of any judgment or decree or the institution of any litigation, arbitration proceeding or governmental proceeding against Seller.
Appears in 1 contract
