Common use of Notice of Material Proceedings Clause in Contracts

Notice of Material Proceedings. Promptly upon becoming aware thereof Borrower shall give Lender written notice of the commencement, existence or threat of any proceeding by or before any court or administrative agency against or affecting Borrower, any Guarantor or the Collateral which, if adversely decided, would have a material adverse effect on the business, operations or financial condition of Borrower or any Guarantor or on the ability of Borrower or any Guarantor to perform its obligations under this Agreement, the Note, the other Loan Documents or on the Collateral.

Notice of Material Proceedings. Promptly upon becoming aware ------------------------------ thereof Borrower shall give Lender written notice of the commencement, existence or threat of any proceeding by or before any court or administrative agency against or affecting Borrower, any Guarantor Borrower or the Collateral which, if adversely decided, would have a material adverse effect on the business, operations or financial condition of Borrower or any Guarantor or on the ability of Borrower or any Guarantor to perform its obligations under this Agreement, the Note, the other Loan Documents or on the Collateral.

Notice of Material Proceedings. Promptly upon becoming aware thereof Borrower shall give Lender written notice of the commencement, existence or threat of any proceeding by or before any court or administrative agency against or affecting Borrower, any Guarantor Borrower or the Collateral which, if adversely decided, would have a material adverse effect on the business, operations or financial condition of Borrower or any Guarantor or on the ability of Borrower or any Guarantor to perform its obligations under this Agreement, the Note, the other Loan Documents or on the Collateral.

Notice of Material Proceedings. Promptly upon becoming aware thereof Borrower shall give Lender written notice of the commencement, existence or threat of any proceeding by or before any court or administrative agency against or affecting Borrower, any Guarantor Borrower or the Collateral which, if adversely decided, would have a material adverse effect on the business, operations or financial condition of Borrower or any Guarantor or on the ability of Borrower or any Guarantor to perform its obligations under this Agreement, the Note, or the other Loan Documents or on the Collateral.

Notice of Material Proceedings. Promptly upon becoming aware thereof thereof, each Borrower shall give the Lender written notice of the commencement, existence or threat of any proceeding by or before any court or administrative agency official body against or affecting Borrower, such Borrower or any Guarantor or the Collateral Affiliate which, if adversely decided, would have a material adverse effect on the business, operations operations, properties or financial condition of such Borrower or any Guarantor or on the ability of such Borrower or any Guarantor to perform its obligations under this Agreement, Agreement or the Note, the Note or other Loan Documents or on the CollateralDocuments.

Notice of Material Proceedings. Promptly upon becoming aware thereof Borrower shall give Lender written notice of the commencement, existence or threat of any proceeding by or before any court or administrative agency against or affecting Borrower, any Guarantor or the Collateral which, if adversely decided, would have a material adverse effect on the business, operations or financial condition of Borrower or any Guarantor or on the ability of Borrower or any Guarantor to perform its obligations under this Agreement, the Note, Note or the other Loan Documents or on the Collateral.

Notice of Material Proceedings. Promptly upon becoming aware thereof Borrower shall give Lender written notice of the commencement, existence or threat of any proceeding by or before any court or administrative agency against or affecting Borrower, any Guarantor or the Collateral which, if adversely decided, would have a material adverse effect on the business, operations or financial condition of Borrower or any Guarantor or on the ability of Borrower or any Guarantor to perform its obligations under this Agreement, the Note, Note or the other Loan Documents or on the CollateralDocuments.

Notice of Material Proceedings. Promptly upon becoming aware thereof Borrower shall give Lender FINOVA written notice of the commencement, existence or threat of any proceeding by or before any court or administrative agency against or affecting Borrower, any Guarantor or the Collateral Borrower which, if adversely decided, decided1 would have a material adverse effect on the business, operations or financial condition of Borrower or any Guarantor or on the ability of Borrower or any Guarantor to perform its obligations under this Agreement, the Note, or the other Loan Documents or on the CollateralDocuments.

Notice of Material Proceedings. Promptly upon becoming aware thereof Borrower shall give Lender written notice of the commencement, existence or threat of any proceeding by or before any court or administrative agency against or affecting Borrower, any the Guarantor or the Collateral which, if adversely decided, would have a material adverse effect on the business, operations or financial condition of Borrower or any the Guarantor or on the ability of Borrower or any the Guarantor to perform its obligations under this Agreement, the Note, or the other Loan Documents or on the Collateral.

Notice of Material Proceedings. Promptly upon becoming aware thereof Borrower shall give Lender written notice of the commencement, existence or threat of any proceeding by or before any court or administrative agency against or affecting Borrower, any Guarantor Guarantors, Lynton Properties, or the Collateral which, if adversely decided, would have a material adverse effect on the business, operations or financial condition of Borrower or any Guarantor Guarantors or Lynton Properties or on the ability of Borrower or any Guarantor Guarantors or Lynton Properties to perform its their obligations under this Agreement, the Note, or the other Loan Documents or on the Collateral.

Notice of Material Proceedings. Promptly upon becoming ------------------------------ aware thereof thereof, the Borrower shall give Lender written the Bank notice of the commencement, existence or threat of any proceeding by or before any court or administrative agency Official Body against or affecting Borrower, any Guarantor or the Collateral Borrower which, if adversely decided, would reasonably be expected to have a material adverse effect on the business, operations operations, condition, financial or financial condition otherwise, or prospects of the Borrower or any Guarantor or on the ability of the Borrower or any Guarantor to perform its obligations under this Agreement, the Note, the other Notes or any Loan Documents or on the CollateralDocument.