Item 3. Legal Proceedings
ITEM
3. Legal Proceedings.
We
do not consider any claims, lawsuits or proceedings that are currently pending against us, individually or in the aggregate, to be material
to our business or likely to result in a material adverse effect on our future operating results, financial condition or cash flows.
However, from time to time, we may be subject to various claims, lawsuits and other legal and administrative proceedings that may arise
in the ordinary course of business. Some of these claims, lawsuits and other proceedings may involve highly complex issues that are subject
to substantial uncertainties, and could result in damages, fines, penalties, non-monetary sanctions or relief. We recognize provisions
for claims or pending litigation when we determine that an unfavorable outcome is probable and the amount of loss can be reasonably estimated.
Due to the inherent uncertain nature of litigation, the ultimate outcome or actual cost of settlement may materially vary from estimates.
ITEM
4. Mine Safety Disclosures.
Not
applicable.
37
PART II
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.