Common use of Material Notices Clause in Contracts

Material Notices. Borrower shall give the Lender prompt written notice of any and all (i) litigation, arbitration or administrative proceedings to which Borrower is a party or which affects the Collateral; (ii) other matters which have resulted in, or might result in a material adverse change in the Collateral or the financial condition or business operations of Borrower, and (iii) any enforcement, cleanup, removal or other governmental or regulatory actions instituted, completed or threatened against Borrower or any of its properties.

Appears in 4 contracts

Samples: Loan and Security Agreement (Truett-Hurst, Inc.), Loan and Security Agreement (Truett-Hurst, Inc.), Loan Agreement (Truett-Hurst, Inc.)

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Material Notices. Borrower shall give the Lender prompt written notice of any and all (i) litigation, arbitration or administrative proceedings to which Borrower is a party and in which the claim or liability exceeds $500,000.00 or which affects the Collateral; (ii) other matters which have resulted in, or might result in a material adverse change in the Collateral or the financial condition or business operations of Borrower, and (iii) any enforcement, cleanup, removal or other governmental or regulatory actions instituted, completed or threatened against Borrower or any of its properties.

Appears in 1 contract

Samples: Loan Agreement (Point.360)

Material Notices. Borrower shall give the Lender Agent prompt written notice of any and all (ia) litigation, arbitration or administrative proceedings to which Borrower is a party or which affects affect the CollateralProject or any other collateral for the Loan; (iib) other matters which have resulted in, or might result in in, a material adverse change in the Collateral Project or any other collateral for the Loan or the financial condition or business operations of Borrower, Borrower and (iiic) any enforcement, cleanup, removal or other governmental or regulatory actions instituted, completed or threatened against Borrower or any of its properties.

Appears in 1 contract

Samples: Building Loan Agreement (IMH Financial Corp)

Material Notices. Borrower shall give the Lender prompt written notice of any and all (i) litigation, arbitration or administrative proceedings to which Borrower is a party or which affects materially threatens the Collateral; (ii) other matters which have resulted in, or might result in a material adverse change in the Collateral or the financial condition or business operations of Borrower, and (iii) any enforcement, cleanup, removal or other governmental or regulatory actions instituted, completed or threatened against Borrower or any of its properties.

Appears in 1 contract

Samples: Loan and Security Agreement (Guidance Software, Inc.)

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Material Notices. Borrower shall Upon acquiring knowledge, give the Lender prompt written notice of any and all (i) litigation, arbitration arbitration, or administrative proceedings to which Borrower is a party or which that affects the Collateral; (ii) other matters which that have resulted in, in or might result in a material adverse change in the Collateral or the financial condition has resulted in or business operations of Borrower, might result in a Material Adverse Effect; and (iii) any enforcement, cleanup, removal removal, or other governmental or regulatory actions instituted, completed completed, or threatened against Borrower or any of its properties.

Appears in 1 contract

Samples: Term Loan Agreement (S&W Seed Co)

Material Notices. Borrower shall give the Lender prompt written notice of any and all (i) litigation, arbitration or administrative proceedings to which Borrower is a party or which affects the Collateral; (ii) other matters which have resulted in, or might result in a material adverse change in the Collateral or of the financial condition or business operations of Borrower, and (iii) any enforcement, cleanup, removal or other governmental or regulatory actions instituted, completed or threatened against Borrower or any of its properties.

Appears in 1 contract

Samples: Credit Agreement (First Wave BioPharma, Inc.)

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