Common use of Litigation; Adverse Changes Clause in Contracts

Litigation; Adverse Changes. The Borrower will promptly notify the Bank in writing of (a) any event which, if existing at the date hereof, would require a material qualification of the representations and warranties set forth in Section 3.11 and (b) any material adverse change in the condition, business, or prospects, financial or otherwise, of the Borrower.

Appears in 2 contracts

Samples: Reimbursement Agreement (Core Molding Technologies Inc), Reimbursement Agreement (Core Materials Corp)

AutoNDA by SimpleDocs

Litigation; Adverse Changes. The Borrower will promptly --------------------------- notify the Bank in writing of (a) any event which, if existing at the date hereof, would require a material qualification of the representations and warranties set forth in Section 3.11 3.6 and (b) any material adverse change in the condition, business, or prospects, financial or otherwise, of the Borrower.

Appears in 1 contract

Samples: Reimbursement Agreement (Aerovox Inc)

AutoNDA by SimpleDocs

Litigation; Adverse Changes. The Borrower will promptly notify the Bank in writing of (a) any event which, if existing at the date hereof, would require a material qualification of the representations and warranties set forth in Section 3.11 Sections 3.10 and 3.13 and (b) any material adverse change in the condition, business, or prospects, financial or otherwise, of the Borrower.

Appears in 1 contract

Samples: Letter of Credit Reimbursement Agreement (Spurlock Industries Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!