Litigation Notice. Borrower will deliver to Lender prompt written notice of any action, suit or proceeding at law or in equity or by or before any governmental instrumentality or other agency which, if adversely determined, would materially adversely affect the business, properties or condition, financial or otherwise, of Borrower.
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Samples: Revolving Line of Credit Agreement, Loan Agreement (Saddlebrook Resorts Inc), Term Loan Agreement (Jagged Peak, Inc.)
Litigation Notice. Borrower will deliver to shall give Lender prompt written notice of any action, suit or proceeding at law or in equity or by or before any governmental instrumentality or other agency whichagency, if adversely determinedincluding any investigation by any governmental instrumentality or any other agency, would materially the outcome of which might adversely affect the business, properties operations or condition, financial or otherwise, condition of Borrower.
Appears in 2 contracts
Samples: Credit and Security Agreement (Global Axcess Corp), Credit and Security Agreement (Global Axcess Corp)
Litigation Notice. The Borrower will deliver to the Lender prompt written notice of any action, suit or proceeding at law or in equity or by or before any governmental instrumentality or other agency which, if adversely determined, would materially adversely affect the business, properties or condition, financial or otherwise, of the Borrower.
Appears in 1 contract
Samples: Loan Agreement (Tropical Sportswear International Corp)
Litigation Notice. Borrower will deliver to Lender prompt written notice of any action, suit or proceeding at law or in equity or by or before any governmental instrumentality or other agency which, if adversely determined, would materially adversely affect the business, properties or condition, financial or otherwise, of Borrowercould reasonably be expected to have a Material Adverse Effect.
Appears in 1 contract
Samples: Loan and Security Agreement (Tropical Sportswear International Corp)
Litigation Notice. Borrower will shall deliver to Lender prompt written notice of any action, suit or proceeding at law or in equity or by or before any governmental instrumentality or other agency which, if adversely determined, would materially adversely affect the business, properties or condition, financial or otherwise, of Borrowerany Loan Party. This shall include notification as to any and all enforcement proceedings brought by any environmental agency, the Florida Department of Revenue, or any other county, state or federal agency.
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Litigation Notice. Borrower will deliver to shall give Lender prompt written notice of any action, suit or proceeding at law or in equity or by or before any governmental instrumentality or other agency whichagency, if adversely determinedincluding, would materially any investigation by any governmental instrumentality or any other agency, the outcome of which might adversely affect the business, properties operations or condition, financial or otherwise, condition of Borrower.
Appears in 1 contract
Litigation Notice. Borrower will deliver to Borrowers, as the case may be, shall give Lender prompt written notice of any action, suit or proceeding at law or in equity or by or before any governmental instrumentality or other agency whichagency, if adversely determined, would materially the outcome of which might adversely affect the business, properties operations or condition, financial or otherwise, condition of Borrowerthe Borrowers.
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