Common use of Notice of Material Event Clause in Contracts

Notice of Material Event. Borrower shall give Lender prompt notice (containing reasonable detail) of (i) any material change in the financial or physical condition of any Property that would have a Material Adverse Effect, (ii) any litigation or governmental proceedings pending or threatened in writing against Borrower or any Property that is reasonably expected to result in a Material Adverse Effect, (iii) the insolvency or bankruptcy filing of any Borrower, Guarantor or an affiliate of any of the foregoing and (iv) any other circumstance or event that could reasonably be expected to result in a Material Adverse Effect.

Notice of Material Event. Borrower shall give Lender prompt notice (containing reasonable detail) of (i) any material change in the financial or physical condition of any Property that would have a Material Adverse Effect, (ii) any litigation or governmental proceedings pending or threatened in writing against Borrower or any Property that is reasonably expected to result in a Material Adverse Effect, (iii) the insolvency any Insolvency Proceeding by or bankruptcy filing of against any Borrower, Guarantor or an affiliate of any of the foregoing and foregoing, (iv) any other circumstance or event that could reasonably be expected to result in a Property Material Adverse Effect or Material Adverse Effect, and (v) the occurrence of any Default or Event of Default.

Notice of Material Event. Borrower shall give Lender prompt notice (containing reasonable detail) upon learning of (ix) any material change in the financial or physical condition of any Property that would have a Material Adverse Effectof the Properties, as reasonably determined by Borrower, including, without limitation, the termination or cancellation of any Major Lease and the termination or cancellation of terrorism or other insurance required by this Agreement, (iiy) any litigation or governmental proceedings pending or threatened in writing against Borrower or any Property that which is reasonably expected likely to result in have a Material Adverse Effect, or (iii) the insolvency or bankruptcy filing of any Borrower, Guarantor or an affiliate of any of the foregoing and (ivz) any other circumstance or event that could reasonably be expected likely to result in cause a Material Adverse Effect.