Common use of Adverse Conditions or Events Clause in Contracts

Adverse Conditions or Events. Promptly advise Bank in writing of (i) any condition, event or act which comes to its attention that would or might materially adversely affect Borrower's or any Subsidiary's financial condition or operations or Bank's rights under the Loan Documents, (ii) any material litigation filed by or against Borrower or any Subsidiary, (iii) any event that has occurred that would constitute an event of default under any Loan Documents and (iv) any uninsured or partially uninsured loss through fire, theft, liability or property damage in excess of an aggregate of Five Hundred Thousand and No/100 Dollars ($500,000.00).

Adverse Conditions or Events. Promptly advise Bank in writing of (i) any condition, event or act which comes to its attention that would or might materially adversely affect Borrower's 's, Partners' or any Subsidiary's financial condition or operations or Bank's rights under the Loan Documents, (ii) any material litigation filed by or against Borrower or any Subsidiary, (iii) any event that has occurred that would constitute an event of default under any Loan Documents and (iv) any uninsured or partially uninsured loss through fire, theft, liability or property damage in excess of an aggregate of Five Hundred Thousand and No/100 Dollars ($500,000.00).