Material Litigation Development definition

Material Litigation Development means any Litigation, or development in any Litigation, as the case may be (a) which involves this Agreement, any Related Document or other transactions contemplated hereby or thereby, or (b) which could reasonably be expected to have a Material Adverse Effect.
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Material Litigation Development means any ------------------- ------------------------------- Litigation or development in any Litigation which could individually or in the aggregate impair the validity or enforceability of or the ability of the Company to perform any of its obligations under this Agreement or the Notes or the Retail Credit Program Agreement, or materially impair the ability of the Company to conduct business substantially as now conducted, or materially and adversely affect the consolidated business, operations, prospects or financial condition of the Company and its Subsidiaries, taken as a whole.
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Material Litigation Development means any Litigation or any development in any Litigation (i) which involves this Agreement or any of the transactions contemplated hereby or thereby (including, without limitation, any judgment, order, injunction or other restraint prohibiting or imposing materially adverse conditions upon the performance by a member of the G&K Group or any Subsidiary of its obligations under or in connection with this Agreement or any Loan Document to which it is a party), (ii) involving uninsured liabilities which could individually or in the aggregate exceed $10,000,000, (iii) which could individually or in the aggregate otherwise impair the validity or enforceability of or the ability of a member of the G&K Group to perform any of its obligations under this Agreement or any Loan Document, (iv) which could individually or in the aggregate materially impair the ability of a member of the G&K Group to conduct business substantially as now conducted, or (v) which could individually or in the aggregate materially and adversely affect the consolidated business, operations, prospects or financial condition of a member of the G&K Group taken as a whole.
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Examples of Material Litigation Development in a sentence

  • Litigation exists except as disclosed on Schedule 7.8, and since the Effective Date no Material Litigation Development has occurred with respect to any Litigation so disclosed on Schedule 7.8.

Related to Material Litigation Development

  • Material litigation means any litigation that, according to

  • experimental development means acquiring, combining, shaping and using existing scientific, technological, business and other relevant knowledge and skills with the aim of developing new or improved products, processes or services. This may also include, for example, activities aiming at the conceptual definition, planning and documentation of new products, processes or services;

  • sustainable development means development which meets the needs of the present without compromising the ability of future generations to meet their own needs.

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

  • 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.