Example ContractsClausesLegal Action Notice
Legal Action Notice
Legal Action Notice contract clause examples

Legal Action Notice. Prompt written notice of any legal actions, investigations or proceedings pending or threatened in writing against Borrower or any of its Subsidiaries that could reasonably be expected to result in damages or costs to Borrower or any of its Subsidiaries of, individually or in the aggregate, $250,000.00 or more;

Legal Action Notice. A prompt report of any legal actions pending or threatened in writing against Borrower or any of its Subsidiaries that would reasonably be expected to result in damages or costs to Borrower or any of its Subsidiaries of, individually or in the aggregate, Two Hundred Fifty Thousand Dollars ($250,000.00) or more;

Legal Action Notice. A prompt report of any legal actions pending or threatened in writing against any Loan Party or any of its Subsidiaries that could reasonably be expected to result in damages or costs to any Loan Party or any of its Subsidiaries, individually or in the aggregate for all related proceedings, of Two Hundred Fifty Thousand Dollars ($250,000) or more.

Legal Action Notice. Prompt written notice of any legal actions, investigations or proceedings pending or threatened in writing against Borrower or any of its Subsidiaries that could reasonably be expected to result in damages or costs to Borrower or any of its Subsidiaries of, individually or in the aggregate, Five Hundred Thousand Dollars ($500,000) or more;

Legal Action Notice. A prompt report of any legal actions pending or threatened in writing against Borrower or any of its Subsidiaries that could reasonably be expected to result in damages or costs to Borrower or any of its Subsidiaries of, individually or in the aggregate, Two Hundred Fifty Thousand Dollars ($250,000.00) or more; and (j) Other Financial Information. Other financial information reasonably requested by Bank.

Legal Action Notice. Prompt notice of any legal action, litigation, investigation or proceeding pending or threatened in writing against any Credit Party or any Subsidiary, or any material development in any such legal action, litigation, investigation or proceeding # that could result in damages or costs to such Credit Party or such Subsidiary in an amount in excess of Five Hundred Thousand Dollars ($500,000.00), individually, or One Million Dollars ($1,000,000.00), in the aggregate, when aggregated with all pending or threatened legal actions against all Credit Parties and their respective Subsidiaries or # which alleges potential violations of the Health Care Laws, the FDA Laws or the EMA Laws which, individually or in the aggregate, could reasonably be expected to have a Material Adverse Change; (e) Board Approved Projections; Consolidated Plan and Financial Forecast. As soon as available, but in no event later than the earlier of # two (2) Business Days after delivery to the audit committee of the Board of Directors of Borrower and # 60 days after year end, commencing with the calendar year ending December 31, 2018, through the Term Loan Maturity Date, a copy of the report that is prepared in good faith by a Responsible Officer of Borrower and delivered to the audit committee of the Board of Directors of Borrower for such calendar year, which shall include a detailed review of the financial reports of such year and such other items as may be included in any such report from time to time consistent with past practice. Any amendment, revision or other modification made to any such report shall promptly (but in no event later than thirty (30) days after such amendment, revision or modification) be delivered to Lender by Borrower;

Legal Action Notice. Prompt written notice (which shall be deemed given to the extent reported in the Borrower’s periodic reporting under the Exchange Act and available on the SEC’s EDGAR system (or any successor system adopted by the SEC)) of any legal action, litigation, investigation or proceeding pending or threatened in writing against any Credit Party or any Subsidiary # that could reasonably be expected to result in uninsured damages or costs to such Credit Party or such Subsidiary in an amount in excess of ​ and related regulations and standards for purposes of its Exchange Act reporting or # which alleges potential violations of the Health Care Laws, the FDA Laws or any applicable statutes, rules, regulations, standards, guidelines, policies and order administered or issued by any foreign Governmental Authority, which, individually or in the aggregate, could reasonably be expected to ​; and in each case, provide such additional information (including any material development therein) as the Collateral Agent may reasonably request in relation thereto; provided that Borrower shall not be obligated to disclose any information that is reasonably subject to the assertion of attorney-client privilege or attorney work-product.

Legal Action Notice. A prompt report of any legal actions pending or threatened in writing against Borrower or any of its Subsidiaries that could result in damages or costs to Borrower or any of its Subsidiaries that could reasonably be expected to cause a Material Adverse Change with respect to Borrower or any of its Subsidiaries;

Legal Action Notice. The Borrower shall promptly report of any legal actions pending or threatened in writing against Borrower or any of its Subsidiaries that could result in damages or costs to Borrower or any of its Subsidiaries of, individually or in the aggregate, Fifty Thousand Dollars ($50,000) or more.

Legal Action Notice. A prompt report of any legal actions pending or threatened in writing against Borrower or any of its Subsidiaries that could reasonably be expected to result in damages or costs to Borrower or any of its Subsidiaries of, individually or in the aggregate, Two Hundred Fifty Thousand Dollars ($250,000.00) or more; and

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