Common use of Notices of Adverse Events Clause in Contracts

Notices of Adverse Events. Promptly inform Bank of the occurrence of an Event of Default, or any event (including, without limitation, any pending or threatened litigation or other proceedings before any governmental body or agency) which could reasonably be expected to have a Material Adverse Effect upon Borrower’s business, properties, financial condition or ability to comply with its obligations under the Loan Documents.

Notices of Adverse Events. Promptly inform Bank of the occurrence of an any Event of Default, Default or of any event (including, including without limitation, limitation any pending or threatened litigation or other proceedings before any governmental body or agency) which could reasonably be expected to have a Material Adverse Effect material adverse effect upon Borrower’s business, properties, financial condition or ability to comply with its obligations under the Loan DocumentsLoans.