Common use of Notice of Material Adverse Changes Clause in Contracts

Notice of Material Adverse Changes. Borrower shall immediately notify the Holder in writing of (a) any Material Adverse Effect; (b) any material adverse change in the Collateral; (c) any claim, action, suit, proceeding or investigation, or any amendment of any prior claim, action, suit, proceeding or investigation, initiated against or threatened against or affecting the Borrower or any of its Subsidiaries (or any of their respective properties or assets) which, individually or in the aggregate, may cause or result in a Material Adverse Effect or any material impairment in the ability of Borrower to carry on its business in substantially the same manner as it is now being conducted; and (d) any occurrence which could form the basis of an Event of Default.

Notice of Material Adverse Changes. Borrower shall immediately notify the Holder Lender in writing of (a) any Material Adverse Effectmaterial adverse change in the financial condition of the Loan Parties (taken as a whole); (b) any material adverse change in (including any material decline in the value of) the Collateral; and (c) any claim, actionproceeding, suit, proceeding litigation or investigation, investigation in the future threatened or instituted by or against Borrower involving any amendment of any prior claim, action, suit, proceeding claim or investigation, initiated against or threatened against or affecting the Borrower or any of its Subsidiaries (or any of their respective properties or assets) claims which, individually or in the aggregate, may cause or result in a Material Adverse Effect material adverse change in the financial condition or business of Borrower or any material impairment in the ability of Borrower to carry on its business in substantially the same manner as it is now being conducted; and (d) any occurrence which could form the basis of an Event of Default.

Notice of Material Adverse Changes. Borrower shall immediately notify the Holder Lender in writing of (a) any Material Adverse Effectmaterial adverse change in the financial condition of any Loan Party; (b) any material adverse change in (including any material decline in the value of) the Collateral; and (c) any claim, actionproceeding, suit, proceeding litigation or investigation, investigation in the future threatened or instituted by or against Borrower involving any amendment of any prior claim, action, suit, proceeding claim or investigation, initiated against or threatened against or affecting the Borrower or any of its Subsidiaries (or any of their respective properties or assets) claims which, individually or in the aggregate, may cause or result in a Material Adverse Effect material adverse change in the financial condition or business of Borrower or any material impairment in the ability of Borrower to carry on its business in substantially the same manner as it is now being conducted; and (d) any occurrence which could form the basis of an Event of Default.