Notice of Proceedings. The Borrower shall, immediately after knowledge thereof shall have come to the attention of any officer of the Borrower, give written notice to the Bank of all threatened or pending actions, suits, and proceedings before any court or governmental department, commission, board or other administrative agency which may have a material effect on the business, property or operations of the Borrower.
Appears in 6 contracts
Samples: Loan and Security Agreement (Banyan Rail Services Inc.), Loan Agreement (Metrocorp Inc), Loan and Security Agreement (Bhit Inc)
Notice of Proceedings. The Borrower shall, immediately after knowledge thereof shall have come to the attention of any officer of the Borrower, give written notice to the Bank Lenders of all threatened or pending actions, suits, and proceedings before any court or governmental department, commission, board or other administrative agency agency, whether filed against or on behalf of Borrower, which may reasonably be expected to have a material effect on the business, property or operations of the BorrowerMaterial Adverse Effect.
Appears in 3 contracts
Samples: Credit Agreement (Ipalco Enterprises Inc), Credit Agreement (Ipalco Enterprises, Inc.), Credit Agreement (Ipalco Enterprises Inc)
Notice of Proceedings. The Borrower shall, immediately after knowledge thereof shall have come to the attention of any officer of the Borrower, give written notice to the Bank of all threatened or pending actions, suits, and proceedings before any court or governmental department, commission, board or other administrative agency which may have a material effect on the business, property or operations of the BorrowerBorrower or any Subsidiary.
Appears in 3 contracts
Samples: Loan and Security Agreement (Arlington Hospitality Inc), Loan and Security Agreement (Arlington Hospitality Inc), Loan and Security Agreement (Arlington Hospitality Inc)
Notice of Proceedings. The Borrower shall, immediately promptly after knowledge thereof shall have come to the attention of any officer of the Borrower, give written notice to the Bank Lender of all threatened or pending actions, suits, and proceedings before any court or governmental department, commission, board or other administrative agency which may could reasonably be expected to have a material effect on the business, property or operations of the BorrowerMaterial Adverse Effect.
Appears in 2 contracts
Samples: Loan and Security Agreement (Dynatronics Corp), Loan and Security Agreement (Flux Power Holdings, Inc.)
Notice of Proceedings. The Borrower shall, immediately promptly after knowledge thereof shall have come to the attention of any officer of the Borrower, give written notice to the Bank of all threatened or pending actions, suits, and proceedings before any court or governmental department, commission, board or other administrative agency which may have a material adverse effect on the business, property or operations of the Borrower.
Appears in 2 contracts
Samples: Loan Agreement (Hutchinson Technology Inc), Loan Agreement (Hutchinson Technology Inc)
Notice of Proceedings. The Borrower shall, immediately promptly after knowledge thereof shall have come to the attention of any officer of the Borrower, give written notice to the Bank of all threatened or pending actions, suits, and proceedings before any court or governmental department, commission, board or other administrative agency which may which, if adversely determined would reasonably be expected to have a material effect Material Adverse Effect on the business, property or operations of the BorrowerBorrower and any of its Subsidiaries.
Appears in 2 contracts
Samples: Revolving Loan Agreement (Aar Corp), Revolving Loan Agreement (Aar Corp)
Notice of Proceedings. The Borrower shall, immediately after knowledge thereof shall have come to the attention of any officer of the Borrower, give written notice to the Bank of all threatened or pending actions, suits, and proceedings before any court or governmental department, commission, board or other administrative agency which may that, if adversely determined, would be reasonably likely to have a material effect on the business, property or operations of the BorrowerMaterial Adverse Change.
Appears in 2 contracts
Samples: Loan and Security Agreement (Huron Consulting Group Inc.), Loan and Security Agreement (Huron Consulting Group Inc.)
Notice of Proceedings. The Borrower Borrowers shall, immediately after knowledge thereof shall have come to the attention of any senior officer of the BorrowerBorrowers, give written notice to the Bank of all threatened or pending actions, suits, and proceedings before any court or governmental department, commission, board or other administrative agency which may could reasonably be expected to have a material effect on the business, property or operations of the BorrowerMaterial Adverse Effect.
Appears in 1 contract
Samples: Loan and Security Agreement (FreightCar America, Inc.)
Notice of Proceedings. The Borrower Borrowers shall, immediately after knowledge thereof shall have come to the attention of the general counsel of any officer of the Borrower, give written notice to the Bank Lender of all threatened or pending actions, suits, and proceedings before any court or governmental department, commission, board or other administrative agency which may would reasonably be expected to have a material effect on the business, property or operations of the BorrowerMaterially Adverse Effect.
Appears in 1 contract
Samples: Subordinated Loan Agreement (TRC Companies Inc /De/)
Notice of Proceedings. The Borrower shall, immediately promptly after knowledge thereof shall have come to the attention of any officer of the Borrower, give written notice to the Bank Lender of all threatened or pending actions, suits, and proceedings before any court or governmental department, commission, board or other administrative agency which may could, in the commercially reasonable judgment of Lender reasonably be expected to have a material effect Material Adverse Effect on the business, property or operations of the Borrower.
Appears in 1 contract
Samples: Loan and Security Agreement (Chromcraft Revington Inc)
Notice of Proceedings. The Borrower shall, immediately promptly after knowledge thereof shall have come comes to the attention of any officer of the Borrowerits attention, give written notice to the Bank Lender of all threatened or pending actions, suits, and proceedings before any court or governmental department, commission, board or other administrative agency which may have a material effect on the business, property or operations of the BorrowerMaterial Adverse Effect.
Appears in 1 contract
Samples: Loan and Security Agreement (Itt Educational Services Inc)
Notice of Proceedings. The Borrower shall, immediately promptly after knowledge thereof shall have come to the attention of any officer of the Borrower, give written notice to the Bank Lender of all threatened or pending actions, suits, and proceedings before any court or governmental department, commission, board or other administrative agency which may could, in the reasonable judgment of Lender, be expected to have a material effect on the business, property or operations of the BorrowerMaterial Adverse Effect.
Appears in 1 contract
Notice of Proceedings. The Borrower shall, immediately promptly after knowledge thereof shall have come to the attention of any officer of the BorrowerBorrower or its Subsidiaries, give written notice to the Bank of all threatened or pending actions, suits, and proceedings before any court or governmental department, commission, board or other administrative agency which may have a material adverse effect on the business, property or operations of the BorrowerBorrower or its Subsidiaries.
Appears in 1 contract
Notice of Proceedings. The Borrower shall, immediately after knowledge thereof shall have come to the attention of any officer of the Borrower, give written notice to the Bank of all threatened or pending actions, suits, and proceedings before any court or governmental department, commission, . board or other administrative agency which may have a material effect on the business, property or operations of the Borrower.
Appears in 1 contract
Samples: Loan and Security Agreement (CFC International Inc)
Notice of Proceedings. The Borrower shall, immediately promptly after knowledge thereof shall have come to the attention of any officer of the Borrower, give written notice to the Bank Lender of all threatened or pending actions, suits, and proceedings before any court or governmental department, commission, board or other administrative agency which may have a material effect on the business, business or property or operations of the Borrower.
Appears in 1 contract
Samples: Promissory Note (Fisbeck John F)
Notice of Proceedings. The Borrower Borrowers shall, immediately after knowledge thereof shall have come to the attention of any officer of the BorrowerBorrowers, give written notice to the Bank of all threatened or pending actions, suits, and proceedings before any court or governmental department, commission, board or other administrative agency which may have a material Material effect on the business, property or operations of the BorrowerBorrowers.
Appears in 1 contract
Notice of Proceedings. The Borrower shall, immediately after knowledge thereof shall have come to the attention of any officer of the Borrower, give written notice to the Bank Agent of all threatened or pending actions, suits, and proceedings before any court or governmental department, commission, board or other administrative agency which may have a material effect on the business, property or operations of the Borrower.
Appears in 1 contract
Notice of Proceedings. The Borrower shall, immediately after knowledge thereof shall have come to the attention of any officer of the Borrower, give written notice to the Bank of all threatened or pending actions, suits, and proceedings before any court or governmental department, commission, board or other administrative agency which may have a material effect on the business, property or operations of the Borrower.
Appears in 1 contract
Samples: Loan Agreement (Landauer Inc)