Common use of Notice of Litigation or Insolvency Clause in Contracts

Notice of Litigation or Insolvency. Borrower shall give immediate written notice to Lender of any claims, actions, suits or proceedings at law or in equity (including any insolvency, bankruptcy or receivership proceeding) by or before any Governmental Authority pending or, to Borrower’s knowledge, threatened against or affecting Borrower, any Guarantor, any Key Principal, any Principal or the Mortgaged Property, which claims, actions, suits or proceedings, if adversely determined would reasonably be expected to materially adversely affect the financial condition or business of Borrower, any Guarantor, any Key Principal or any Principal or the condition or ownership of the Mortgaged Property (including any claims, actions, suits or proceedings regarding fair housing, anti-discrimination, or equal opportunity, which shall always be deemed material).

Notice of Litigation or Insolvency. Borrower shall give immediate written notice to Lender of any claims, actions, suits suits, or proceedings at law or in equity (including any insolvency, bankruptcy bankruptcy, or receivership proceeding) by or before any Governmental Authority pending or, to Borrower’s knowledge, threatened against or affecting Borrower, any Guarantor, any Key Principal, any Principal or the Mortgaged Property, which claims, actions, suits suits, or proceedings, if adversely determined reasonably would reasonably be expected to materially adversely affect the financial condition or business of Borrower, any Guarantor, any or Key Principal or any Principal Principal, or the condition condition, operation, or ownership of the Mortgaged Property (including any claims, actions, suits suits, or proceedings regarding fair housing, anti-discrimination, or equal opportunity, which shall always be deemed material).

Notice of Litigation or Insolvency. Borrower shall give immediate written notice to Lender of any claims, actions, suits or proceedings at law or in equity (including any insolvency, bankruptcy or receivership proceeding) by or before any Governmental Authority pending or, to Borrower’s 's knowledge, threatened against or affecting Borrower, any Guarantor, any Key Principal, any Principal or the Mortgaged Property, which claims, actions, suits or proceedings, if adversely determined would reasonably be expected to materially adversely affect the financial condition or business of Borrower, any Guarantor, any Key Principal or any Principal or the condition or ownership of the Mortgaged Property (including any claims, actions, suits or proceedings regarding fair housing, anti-discrimination, or equal opportunity, which shall always be deemed material).

Notice of Litigation or Insolvency. Borrower shall give immediate written notice to Lender of any claims, actions, suits or proceedings at law or in equity (including any insolvency, bankruptcy or receivership proceeding) by or before any Governmental Authority pending or, to Borrower’s knowledge, threatened against or affecting Borrower, any Guarantor, any Key Principal, any Principal or the Mortgaged Property, which claims, actions, suits or proceedings, if adversely determined would reasonably be expected to materially adversely affect the financial condition or business of Borrower, any Guarantor, or any Key Principal or any Principal or the condition condition, operation, or ownership of the Mortgaged Property (including any claims, actions, suits or proceedings regarding fair housing, anti-discrimination, or equal opportunity, which shall always be deemed material).

Notice of Litigation or Insolvency. Borrower shall give immediate written notice to Lender of any claims, actions, suits suits, or proceedings at law or in equity (including any insolvency, bankruptcy bankruptcy, or receivership proceeding) by or before any Governmental Authority pending or, to Borrower’s knowledge, threatened against or affecting Borrower, any Property Operator, Guarantor, any Key Principal, any Principal or the Mortgaged Property, which claims, actions, suits suits, or proceedings, if adversely determined reasonably would reasonably be expected to materially adversely affect the Licenses, the financial condition or business of Borrower, any Property Operator, Guarantor, any or Key Principal or any Principal Principal, or the condition condition, operation, or ownership of the Mortgaged Property (including any claims, actions, suits suits, or proceedings regarding fair housing, anti-discrimination, or equal opportunity, which shall always be deemed material).