Litigation definition
Examples of Litigation in a sentence
The Company, Speedlight, and the Individual Defendants were named as Defendants in the Litigation (as defined below).
There shall not exist any pending or threatened Litigation that could reasonably be expected to give rise to a Material Adverse Event.
Within five (5) business days of the Execution Date, the Parties and the Legacy Directors who are among the Defendants shall file with the Court an executed Stipulation of Voluntary Dismissal With Prejudice (the “Stipulation”), dismissing with prejudice all claims and counterclaims asserted in the Litigation.
Except as disclosed on the attached Schedule 7.7 or the most recently amended Schedule 7.7, no Company is subject to, or aware of the threat of, any Litigation that is reasonably likely to be determined adversely to any Company and, if so adversely determined, is a Material Adverse Event.
Judgment Creditor and Judgment Debtor now desire to resolve all disputes and fully and finally settle the Litigation under the terms set forth in this Agreement.