Common use of Material Communications Clause in Contracts

Material Communications. Borrower shall transmit to Lender, within five business days after receipt thereof, any communication that may materially and adversely affect Borrower, any existing Facility, the Loan Documents or the Lease Documents and Borrower will promptly respond to Lender's inquiry with respect to such communication. Upon receipt of written notice thereof, Borrower shall promptly notify Lender in writing of any threatened or existing litigation or proceeding against, or investigation of, Borrower or any Facility that may materially and adversely affect the right to operate the Facility or title to the Facility or Lender's interest therein.

Material Communications. Borrower shall transmit to Lender, within five business days Business Days after receipt thereof, any material communication that may materially and adversely affect Borrower, affecting any existing Facility, the Loan Documents or the Lease Documents Documents, and Borrower will promptly respond to Lender's ’s inquiry with respect to such communicationinformation. Upon receipt of written notice thereof, Borrower shall promptly notify Lender in writing after Borrower has actual knowledge of any threatened or existing litigation or proceeding against, or investigation of, Borrower or any Facility that may materially and adversely affect the right to operate a Facility, the Facility financial condition of a Facility, or title to the a Facility or Lender's ’s interest therein.