Common use of Material Litigation Clause in Contracts

Material Litigation. The Borrower promptly shall notify the Lender in writing of the institution or existence of any litigation or administrative proceeding to which the Borrower may be or become a party which might involve any material risk of any judgment or liability which (1) would be in excess of One Hundred Thousand Dollars ($100,000.00), or (2) would otherwise result in any material adverse change in the Borrower's business, assets or condition, financial or otherwise.

Material Litigation. The Borrower promptly shall notify the Lender in writing of the institution or existence of any litigation or administrative proceeding to which the Borrower may be or become a party which might involve any material risk of any judgment or liability which (1) would be in excess of One Hundred Thousand TWENTY-FIVE THOUSAND Dollars ($100,000.0025,000.00), or (2) would otherwise result in any material adverse change in the Borrower's business, assets or condition, financial or otherwise.

Material Litigation. The Borrower promptly shall notify the Lender in writing of the institution or existence of any litigation or administrative proceeding to which the Borrower may be or become a party which might involve any material risk of any judgment or liability which (1) would be in excess of One Five Hundred Thousand Dollars ($100,000.00500,000.00), or (2) would otherwise result in any material adverse change in the Borrower's business, assets or condition, financial or otherwiseotherwise or (3) would monetarily affect the Lender's Security interest in the Collateral.

Material Litigation. The Borrower promptly shall notify --------------------- the Lender in writing of the institution or existence of any litigation or administrative proceeding to which the Borrower may be or become a party which might involve any material risk of any judgment or liability which (1) would be in excess of One Hundred Thousand Dollars ($100,000.00), or (2) would otherwise result in any material adverse change in the Borrower's business, assets or condition, financial or otherwise.

Material Litigation. The Borrower promptly shall notify the Lender in writing of the institution or existence of any litigation or administrative proceeding to of which the Borrower has knowledge or which the Borrower is or may be or become a party party, and which might involve any material risk of any judgment or of a liability which (1) would be in excess of One Hundred Thousand Dollars ($100,000.00), or (2) would otherwise result in any material adverse change in the Borrower's business, assets or condition, financial or otherwise, of Borrower.