Notice of Adverse Events. Borrower shall promptly notify Lender in writing of any litigation, indictment, governmental proceeding, default, or any other occurrence which may have a material adverse effect on Borrower's business, property or financial condition.
Appears in 5 contracts
Samples: Loan Agreement (Bingham Financial Services Corp), Subordinated Term Loan Agreement (Sun Communities Inc), Subordinated Loan Agreement (Bingham Financial Services Corp)
Notice of Adverse Events. Borrower Borrowers shall promptly notify Lender in writing of any litigation, indictment, governmental proceeding, default, or any other occurrence which may have a material adverse effect on either Borrower's business, property or financial condition.
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