Litigation and Administrative Proceedings. Each Borrower will notify Administrative Agent in writing immediately upon the institution or commencement of any litigation, legal or administrative proceeding, or labor controversy (a) with a purported amount in controversy in excess of $100,000, or (b) that could otherwise reasonably be expected to have or cause a Material Adverse Effect.
Appears in 3 contracts
Samples: Credit Facility Agreement (Talk Com), Credit Facility Agreement (Bizness Online Com), Credit Facility Agreement (MCG Finance Corp)
Litigation and Administrative Proceedings. Each Borrower will notify Administrative Agent in writing immediately upon the institution or commencement of any litigation, legal or administrative proceeding, or labor controversy (a) with a purported amount in controversy in excess of $100,00050,000, or (b) that could otherwise reasonably be expected to have or cause a Material Adverse Effect.
Appears in 2 contracts
Samples: Credit Facility Agreement (NBG Radio Network Inc), Credit Facility Agreement (MCG Finance Corp)
Litigation and Administrative Proceedings. Each Borrower will notify Administrative Agent in writing immediately upon the institution or commencement of any litigation, legal or administrative proceeding, or labor controversy affecting the Borrower or any of its Subsidiaries (a) with a purported amount in controversy in excess of $100,000, 50,000 or (b) that could otherwise reasonably be expected to have or cause a Material Adverse Effect.
Appears in 1 contract
Samples: Credit Agreement (Integrity Inc)
