Litigation; Adverse Events Clause Samples
Litigation; Adverse Events. Promptly inform the Agent of the commencement of any action, suit, proceeding, arbitration, mediation or investigation against either Borrower, or the making of any counterclaim against either Borrower, which could be reasonably expected to have a Material Adverse Effect, and promptly inform the Agent of all Liens against any of either Borrower's property, other than Permitted Liens, which could be reasonably expected to have a Material Adverse Effect, and promptly advise the Agent in writing of any other condition, event or act which comes to either of their attention that could be reasonably expected to have a Material Adverse Effect or might materially prejudice Lenders’ rights under this Agreement or the Loan Documents.
Litigation; Adverse Events. The Borrower will promptly inform the Agent of the commencement of any material action, suit, proceeding, arbitration, mediation or investigation against the Borrower, or the making of any counterclaim against the Borrower and of all material Liens against any of the Borrower's property and promptly advise the Agent in writing of any other condition, event or act which comes to their attention that would or might materially prejudice the Agent's or any Lender's rights under this Agreement or the Loan Documents or otherwise result in a Material Adverse Effect.
Litigation; Adverse Events. Promptly inform Lender of the commencement of any material action, suit, proceeding or investigation against Company or Guarantor, or the making of any material counterclaim against Company or Guarantor and of all material liens against any of the Company's property and promptly advise Lender in writing of any other condition, event or act which comes to its attention that would or might materially prejudice Lender's rights under this Agreement or the Loan Documents.
Litigation; Adverse Events. Promptly inform Bank in writing of (i) the commencement of any material action, suit, proceeding or investigation against Borrower or any Affiliate; (ii) the making of any material counterclaim against Borrower or any Affiliate; or (iii) the granting or presence of any liens against any of Borrower's or an Affiliate's property; (iv) of any other condition, event or act which comes to Borrower's attention that would or might prejudice Bank's rights under the Loan Documents; and (v) the filing by any person, firm or entity of a Schedule 13D, 13G or 14D-1 under the provisions of the Securities Exchange Act of 1934 or any similar provisions of such or subsequent laws (the "ACT") which reflects that such person, firm or entity has acquired securities of Borrower with the purpose or effect of changing the control of Borrower as contemplated under Regulation 13D-G promulgated under the Act.
Litigation; Adverse Events. Notify Bank immediately of the commencement of any material action, suit, proceeding or investigation against Company or Guarantors, or the making of any counterclaim against Company or Guarantors and promptly advise Bank in writing of any other condition, event or act which comes to the Company's of Guarantors' attention that would or might prejudice Bank's rights under this Agreement or the Loan Documents.
Litigation; Adverse Events. The Borrowers will promptly inform the Lender of the commencement of any material action, suit, proceeding, arbitration, mediation or investigation against either Borrower or any Guarantor, or the making of any counterclaim against either Borrower or any Guarantor and of all material Liens against any of either Borrower’s or any Guarantor’s property and promptly advise the Lender in writing of any other condition, event or act which comes to its attention that would or might materially prejudice Lender's rights under this Agreement or the Loan Documents or otherwise result in a Material Adverse Effect.
Litigation; Adverse Events. Notify Lender immediately in writing of the commencement of any material action, suit, proceeding or investigation against any Borrower, or the making of any counterclaim against any Borrower and of all Liens against any of Borrowers’ property and promptly advise Lender in writing of any other condition, event or act which comes to Borrower’s attention that would or might prejudice Lender’s rights under this Agreement or the Loan Documents.
Litigation; Adverse Events. Promptly inform Lenders of the commencement of any material action, suit, proceeding, arbitration, mediation or investigation against Company, or the making of any counterclaim against Company and of all material liens against any of the Company's property and promptly advise Lenders in writing of any other condition, event or act which comes to its attention that would or might materially prejudice Lenders' rights under this Agreement or the Loan Documents.