Common use of Notice of Litigation and Other Proceedings Clause in Contracts

Notice of Litigation and Other Proceedings. Give prompt notice in writing to the Creditor of the commencement of (a) all material litigation which, if adversely determined, might adversely affect the business or financial condition of the Borrower; (b) all other litigation involving a claim against the Borrower for $10,000 or more in excess of applicable insurance coverage; and (c) any citation, order, decree, ruling or decision issued by, or any denial of any application or petition to, or any proceeding before any governmental commission, bureau or other administrative agency public regulatory body against or affecting the Borrower, or any property of the Borrower or any lapse, suspension or other termination or modification of any certification, license, consent or other authorization of any agency or public regulatory body, or any refusal of any thereof to grant any application therefor, in connection with the operation of any business conducted by the Borrower.

Notice of Litigation and Other Proceedings. Give prompt notice ------------------------------------------ in writing to the Creditor Lender of the commencement of (a) all material litigation which, if adversely determined, might adversely affect the business or financial condition of the BorrowerBorrowers; (b) all other litigation involving a claim against the Borrower for $10,000 25,000 or more in excess of applicable insurance coverage; and (c) any citation, order, decree, ruling or decision issued by, or any denial of any application or petition to, or any proceeding before any governmental commission, bureau or other administrative agency public regulatory body against or affecting the Borrower, or any property of the Borrower or any lapse, suspension or other termination or modification of any certification, license, consent or other authorization of any agency or public regulatory body, or any refusal of any thereof to grant any application therefor, in connection with the operation of any business conducted by any of the BorrowerBorrowers.

Notice of Litigation and Other Proceedings. Give prompt notice in writing to the Creditor Lender of the commencement of of: (a) all material litigation which, if adversely determined, might adversely affect the business or financial condition of the Borrower; (b) all other litigation involving a claim against the Borrower for $10,000 25,000 or more in excess of applicable insurance coverage; and (c) any citation, order, decree, ruling or decision issued by, or any denial of any application or petition to, or any proceeding before any governmental commission, bureau or other administrative agency public regulatory body against or affecting the Borrower, or any property of the Borrower or any lapse, suspension or other termination or modification of any certification, license, consent or other authorization of any agency or public regulatory body, or any refusal of any thereof to grant any application therefor, in connection with the operation of any business conducted by the Borrower.

Notice of Litigation and Other Proceedings. Give prompt notice in writing to the Creditor Lender of the commencement of (a) all material litigation which, if adversely determined, might adversely affect the business or financial condition of the BorrowerBorrowers; (b) all other litigation involving a claim against the Borrower for $10,000 25,000 or more in excess of applicable insurance coverage; and (c) any citation, order, decree, ruling or decision issued by, or any denial of any application or petition to, or any proceeding before any governmental commission, bureau or other administrative agency public regulatory body against or affecting the Borrower, or any property of the Borrower or any lapse, suspension or other termination or modification of any certification, license, consent or other authorization of any agency or public regulatory body, or any refusal of any thereof to grant any application therefor, in connection with the operation of any business conducted by any of the BorrowerBorrowers.

Notice of Litigation and Other Proceedings. Give prompt notice in writing to the Creditor Lender of the commencement of (a) all material litigation which, if adversely determined, might adversely affect the business or financial condition of the BorrowerObligors; (b) all other litigation involving a claim against the Borrower Obligor for $10,000 25,000 or more in excess of applicable insurance coverage; and (c) any citation, order, decree, ruling or decision issued by, or any denial of any application or petition to, or any proceeding before any governmental commission, bureau or other administrative agency public regulatory body against or affecting the BorrowerObligor, or any property of the Borrower Obligor or any lapse, suspension or other termination or modification of any certification, license, consent or other authorization of any agency or public regulatory body, or any refusal of any thereof to grant any application therefor, in connection with the operation of any business conducted by any of the BorrowerObligors.