Notice of Suit, Proceedings, Adverse Change. Each Loan Party shall promptly give the Administrative Agent notice in writing if it becomes aware (a) of all threatened in writing or actual actions or suits (at law or in equity) and of all threatened in writing or actual investigations or proceedings by or before any court, arbitrator or any governmental department, commission, board, bureau, agency or other instrumentality, state, federal or foreign, affecting such Loan Party which the governing body or manager of such Loan Party believes in good faith is likely to materially and adversely affect the financial condition of such Loan Party or to impair the right or ability of such Loan Party to carry on its business as now conducted or to pay the Obligations or perform its duties under the Loan Documents; (b) of any material adverse change in the condition (financial or otherwise) of a Loan Party; and (c) of any seizure or levy upon any part of the properties of a Loan Party under any process or by a receiver.
Notice of Suit, Proceedings, Adverse Change. The Borrower shall promptly give the Lender notice in writing (a) of all threatened or actual actions or suits (at law or in equity) and of all threatened or actual investigations or proceedings by or before any court, arbitrator or any governmental department, commission, board, bureau, agency or other instrumentality, state, federal or foreign, affecting Borrower or the rights or other properties of Borrower or (i) which involves potential liability of Borrower in an amount in excess of $500,000.00, or (ii) which the shareholders of Borrower believe in good faith is likely to materially and adversely affect the financial condition of Borrower or to impair the right or ability of Borrower to carry on their businesses as now conducted or to pay the Obligations or perform its duties under the Loan Documents; (b) of any material adverse change in the condition (financial or otherwise) of Borrower; and (c) of any seizure or levy upon any part of the properties of Borrower under any process or by a receiver.
Notice of Suit, Proceedings, Adverse Change. The Borrower shall promptly give the Bank notice in writing (a) of all actions or suits (at law or in equity) and of all investigations or proceedings by or before any court, arbitrator or any governmental department, commission, board, bureau, agency or other instrumentality, state, federal or foreign, affecting the Borrower or its Subsidiaries or the rights or other properties of the Borrower or its Subsidiaries which a reasonably prudent Person would consider likely to have a material adverse effect on the Borrower or any Subsidiary if decided against the Borrower or any Subsidiary; (b) of any material adverse change in the condition (financial or otherwise) of the Borrower; and (c) of any seizure or levy upon any part of the properties of the Borrower under any process or by a receiver.
Notice of Suit, Proceedings, Adverse Change. The Borrower and ------------------------------------------- each Guarantor shall promptly give the Bank notice in writing (a) of all threatened or actual actions or suits (at law or in equity) and of all threatened or actual investigations or proceedings by or before any court, arbitrator or any governmental department, commission, board, bureau, agency or other instrumentality, state, federal or foreign, affecting the Borrower or the rights of other properties of the Borrower or such Guarantor, (i) which involves potential liability of the Borrower or such Guarantor in an amount in excess of $10,000.00 in any individual case or $10,000.00 in the aggregate for all such cases, or (ii) which the Board of Directors of the Borrower or such Guarantor has reason to believe in good faith is likely to materially and adversely affect the financial condition of the Borrower or to impair the right or ability of the Borrower or such Guarantor to carry on its business as now conducted or to pay the Obligations or perform its duties under the Loan Documents; (b) of any material adverse change in the condition (financial or otherwise) of the Borrower or such Guarantor; and (c) of any siege or levy of any material part of the properties of the Borrower or such Guarantor under any process or by a receiver.
Notice of Suit, Proceedings, Adverse Change. The Company shall promptly give the Bank notice in writing (a) of all threatened or actual actions or suits (at law or in equity) and of all threatened or actual investigations or proceedings by or before any court, arbitrator or any governmental department, commission, board, bureau, agency or other instrumentality, state, federal or foreign, affecting the Company or its Subsidiaries, the rights or other properties of the Company or its Subsidiaries, (i) which involves potential liability of the Company in an amount of $2,500,000 or more, or (ii) which the Company believes in good faith is likely to materially and adversely affect the financial condition of the Company or to impair the right or ability of the Company to carry on its businesses as now conducted or to pay the Obligations or perform the duties under the Loan Documents; (b) of any material adverse change in the condition (financial or otherwise) of the Company; (c) of any seizure or levy upon any part of the properties of the Company or its Subsidiaries under any process or by a receiver and (d) of any memorandum of understanding, cease and desist order or similar action taken by any state or federal regulatory against the Company or any of its Subsidiaries.
Notice of Suit, Proceedings, Adverse Change. Each Borrower shall promptly give Agent notice in writing (a) of all threatened or actual actions or suits (at law or in equity) and of all threatened or actual investigations or proceedings by or before any court, arbitrator or any governmental department, commission, board, bureau, agency or other instrumentality, state, federal or foreign, affecting any Borrower or the rights or other properties of any Borrower or (i) which involves potential liability of any Borrower in an amount in excess of $50,000.00, or (ii) which the officers or directors of any Borrower believe in good faith is likely to materially and adversely affect the financial condition of such Borrower or to impair the right or ability of such Borrower to carry on its businesses as now conducted or to pay the Obligations or perform its duties under the Loan Documents; (b) of any material adverse change in the condition (financial or otherwise) of any Borrower; and (c) of any seizure or levy upon any part of the properties of any Borrower under any process or by a receiver.
Notice of Suit, Proceedings, Adverse Change. The Company shall promptly give the Bank notice in writing (a) of all known threatened or actual actions or suits (at law or in equity) and of all threatened or actual investigations or proceedings by or before any court, arbitrator or any governmental department, commission, board, bureau, agency or other instrumentality, state, federal or foreign, affecting the Company, the rights or other properties of the Company, (i) which involves potential liability of the Company in an amount in excess of $500,000.00 or (ii) which the President or Executive Vice-President of the Company believe in good faith is likely to materially and adversely affect the financial condition of the Company or to impair the right or ability of the Company to carry on its businesses as now conducted or to pay the Obligations or perform the duties under the Loan Documents and which the Company has knowledge; (b) or any material adverse change in the condition (financial or otherwise) of the Company; and (c) of any seizure or levy upon any part of the properties of the Company under any process or by a receiver.
Notice of Suit, Proceedings, Adverse Change. The Borrower shall give the Bank notice in writing within five (5) Days of the occurrence of (i) all threatened or actual actions or suits (at law or in equity) and of all threatened or actual investigations or proceedings
Notice of Suit, Proceedings, Adverse Change. The Borrower shall promptly give the Bank notice in writing (a) of all threatened or actual actions or suits (at law or in equity) and of all threatened or actual investigations or proceedings by or before any court, arbitrator or any governmental department, commission, board, bureau, agency or other instrumentality, state, federal or foreign, affecting the Borrower or its rights or properties, (i) which involves potential liability in an amount in excess of $2,500,000.00 or (ii) which the Borrower believes in good faith is likely to materially and adversely affect the financial condition of the Borrower or to impair the right or ability of the Borrower to carry on its businesses as now conducted or to pay the Obligations or perform the duties under the Loan Documents; (b) of any material adverse change in the condition (financial or otherwise) of the Borrower or any of the Subsidiaries; (c) of any seizure or levy upon any material part of their properties under any process or by a receiver and (d) of any memorandum or understanding, cease and desist order or similar action taken by any state or federal regulatory body against the Borrower of any or its Subsidiaries.
Notice of Suit, Proceedings, Adverse Change. The Borrower shall promptly give the Bank notice in writing (i) of all actions or suits (at law or in equity) and of all investigations or proceedings by or before any court, arbitrator or any governmental department, commission, board, bureau, agency or other instrumentality, state, federal or foreign, affecting the Borrower or its Subsidiaries the rights or other properties of the Borrower or its Subsidiaries, (A) which involve uninsured liability of the Borrower in an amount in excess of $1,000,000.00, or (B) which the Board of Directors of the Borrower believes in good faith is likely to materially and adversely affect the financial condition of the Borrower or to impair the right or ability of the Borrower to carry on its business as now conducted or to pay the Obligations or perform its duties under the Loan Documents, as the case may be; (ii) of any material adverse change in the condition (financial or otherwise) of the Borrower; and (iii) of any seizure or levy upon any part of the properties of the Borrower under any process or by a receiver.
