Notice of Legal Matters. The Company shall notify Lenders promptly after the Company shall obtain knowledge of any written notice of any legal or arbitral proceedings, and of all proceedings by or before any governmental authority, and each material development in respect of such legal or other proceeding affecting the Company, except proceedings which, if adversely determined, would not reasonably be likely to have a Material Adverse Effect.
Appears in 9 contracts
Samples: Note Purchase Agreement (Berkshire Homes, Inc.), Note Purchase Agreement (Cannabis-Rx Inc.), Note Purchase Agreement (Longview Real Estate, Inc.)
