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Common use of Notice of Litigation Clause in Contracts

Notice of Litigation. Promptly after the receipt by the Borrower, or by any Guarantor of which Borrower has knowledge, of notice or complaint of any action, suit, and proceeding before any court or administrative agency of any type which, if determined adversely, could have a material adverse effect on the financial condition, properties, or operations of the Borrower or Guarantor, as appropriate.

Appears in 20 contracts

Samples: Master Loan Agreement (Goldfield Corp), Master Loan Agreement (Goldfield Corp), Loan Agreement (Patriot Transportation Holding, Inc.)

Notice of Litigation. Promptly after the receipt by the BorrowerGuarantor, or by any Guarantor Borrower of which Borrower Guarantor has knowledge, of notice or complaint of any action, suit, and proceeding before any court or administrative governmental agency of any type which, if determined adversely, could have a material adverse effect on the financial condition, properties, or operations of the Borrower Guarantor or GuarantorBorrower, as appropriate.

Appears in 15 contracts

Samples: Master Loan Agreement (Goldfield Corp), Master Loan Agreement (Goldfield Corp), Master Loan Agreement (Goldfield Corp)

Notice of Litigation. Promptly after the receipt by the Borrower, or by any Guarantor of which Borrower has knowledge, of notice or complaint of any action, suit, and proceeding before any court or administrative agency of any type which, if determined adversely, could which would reasonably be expected to have a material adverse effect on the financial condition, properties, or operations of the Borrower or Guarantor, as appropriateMaterial Adverse Effect.

Appears in 2 contracts

Samples: Loan Agreement (Body Central Corp), Loan Agreement (Body Central Corp)

Notice of Litigation. Promptly after the receipt by the Borrowerany Guarantor, or by any Guarantor the Borrowers of which Borrower such Guarantor has knowledge, of notice or complaint of any action, suit, and proceeding before any court or administrative governmental agency of any type which, if determined adversely, could have a material adverse effect on the financial condition, properties, or operations of the Borrower Guarantors or GuarantorBorrower, as appropriate.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement (Hallwood Group Inc)

Notice of Litigation. Promptly after the receipt by the BorrowerBorrowers, or by any Guarantor of which Borrower Borrowers has knowledge, of notice or complaint of any complaint, action, suit, and suit or proceeding before any court or administrative agency or body of any type which, if determined adversely, could have a material adverse effect on the financial condition, properties, or operations of the Borrower any Borrowers or any Guarantor, as appropriateapplicable.

Appears in 2 contracts

Samples: Loan Agreement (Synalloy Corp), Loan Agreement (Synalloy Corp)

Notice of Litigation. Promptly after the receipt by the BorrowerGuarantor, or by any Guarantor Borrower of which Borrower Guarantor has knowledge, of notice or complaint of any claim, action, suit, and proceeding before any court or administrative governmental agency of any type which, if determined adversely, could have a material adverse effect on the financial condition, properties, or operations of the Borrower Guarantor or GuarantorBorrower, as appropriate.

Appears in 1 contract

Samples: Loan Agreement (Patriot Transportation Holding, Inc.)

Notice of Litigation. Promptly after the receipt by the Borrower, any Borrower or by any Guarantor of which Borrower has the Borrowers have knowledge, of notice or complaint of any action, suit, and proceeding before any court or administrative agency of any type which, if determined adversely, could reasonably be expected to have a material adverse effect on the financial condition, properties, or operations of the Borrower or Guarantor, as appropriateMaterial Adverse Effect.

Appears in 1 contract

Samples: Loan Agreement (Hallwood Group Inc)

Notice of Litigation. Promptly after the receipt by the Borrowerany Guarantor, or by any Guarantor Borrower of which Borrower such Guarantor has knowledge, of notice or complaint of any action, suit, and proceeding before any court or administrative governmental agency of any type which, if determined adversely, could have a material adverse effect on the financial condition, properties, or operations of the Borrower or Guarantor, as appropriateMaterial Adverse Effect.

Appears in 1 contract

Samples: Loan Agreement (Hallwood Group Inc)

Notice of Litigation. Promptly after the receipt by the Borrower, or by any Guarantor of which Borrower has knowledge, of notice or complaint of any action, suit, and proceeding before any court or administrative agency of any type which, if determined adversely, could have a material adverse effect on the financial condition, properties, or operations of the Borrower or Guarantor, as appropriate, Borrower shall promptly provide a copy thereof to Bank.

Appears in 1 contract

Samples: Loan Agreement (CNL Income Properties Inc)

Notice of Litigation. Promptly after the receipt by the Borrower, or by any Guarantor Borrower of which Borrower has knowledge, of notice or complaint of any action, suit, and and/or proceeding before any court or administrative agency of any type which, if determined adversely, could have a material adverse effect on the financial condition, properties, or operations of the Borrower or GuarantorBorrower, as appropriate.

Appears in 1 contract

Samples: Loan Agreement (Broad Street Realty, Inc.)

Notice of Litigation. Promptly after the receipt by the BorrowerBorrowers, or by any Guarantor of which Borrower has the Borrowers have knowledge, of notice or complaint of any action, suit, and proceeding before any court or administrative agency of any type which, if determined adversely, could reasonably be expected to have a material adverse effect on the financial condition, properties, or operations of the Borrower or Guarantor, as appropriateMaterial Adverse Effect.

Appears in 1 contract

Samples: Loan Agreement (Hallwood Group Inc)

Notice of Litigation. Promptly after the receipt by the Borrower, or by any Guarantor of which Borrower has knowledge, of notice or complaint of any action, suit, and proceeding proceedings before any court or administrative agency of any type which, if determined adversely, could have a material adverse effect on the financial condition, properties, properties or operations of the Borrower or Guarantor, as appropriate.

Appears in 1 contract

Samples: Loan Agreement (Industrial Services of America Inc /Fl)

Notice of Litigation. Promptly after the receipt by the Borrower, or by any Guarantor of which Borrower has knowledge, of notice or complaint of any action, suit, and proceeding before any court or administrative agency of any type which, if determined adversely, could have a material adverse effect on the financial condition, properties, or operations of the Borrower or Guarantor, ; as appropriate.

Appears in 1 contract

Samples: Loan Agreement (Industrial Services of America Inc /Fl)