Common use of Notices of Claims and Litigation Clause in Contracts

Notices of Claims and Litigation. Promptly inform Lender in writing of (1) all material adverse changes in Borrower’s financial condition, and (2) all existing and all threatened litigation, claims, investigations, administrative proceedings or similar actions affecting Borrower or any Guarantor which could materially affect the financial condition of Borrower or the financial condition of any Guarantor.

Appears in 61 contracts

Samples: Business Loan Agreement (FGI Industries Ltd.), Business Loan Agreement (Asset Based) (TSS, Inc.), Business Loan Agreement (AmpliTech Group, Inc.)

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Notices of Claims and Litigation. Promptly inform Lender Xxxxxx in writing of (1) all material adverse changes in Borrower’s financial condition, and (2) all existing and all threatened litigation, claims, investigations, administrative proceedings or similar actions affecting Borrower or any Guarantor which could materially affect the financial condition of Borrower or the financial condition of any Guarantor.

Appears in 55 contracts

Samples: Business Loan Agreement (TSS, Inc.), Business Loan Agreement (Heritage Global Inc.), Business Loan Agreement (LiveOne, Inc.)

Notices of Claims and Litigation. Promptly inform Lender Xxxxxx in writing of (1) all material adverse changes in Borrower’s 's financial condition, and (2) all existing and all threatened litigation, claims, investigations, administrative proceedings or similar actions affecting Borrower or any Guarantor which could materially affect the financial condition of Borrower or the financial condition of any Guarantor.

Appears in 49 contracts

Samples: Business Loan Agreement (Ames National Corp), Business Loan Agreement (LFTD Partners Inc.), Business Loan Agreement (Lodging Fund REIT III, Inc.)

Notices of Claims and Litigation. Promptly inform Lender in writing of (1) all material adverse changes in Borrower’s 's financial condition, and (2) all existing and all threatened litigation, claims, investigations, administrative proceedings or similar actions affecting Borrower or any Guarantor which could materially affect the financial condition of Borrower or the financial condition of any Guarantor.

Appears in 41 contracts

Samples: Business Loan Agreement (Autoscope Technologies Corp), Business Loan Agreement (Asset Based) (Better Choice Co Inc.), Business Loan Agreement (Black Ridge Oil & Gas, Inc.)

Notices of Claims and Litigation. Promptly inform Lender Lxxxxx in writing of (1) all material adverse changes in Borrower’s financial condition, and (2) all existing and all threatened litigation, claims, investigations, administrative proceedings or similar actions affecting Borrower or any Guarantor which could materially affect the financial condition of Borrower or the financial condition of any Guarantor.

Appears in 10 contracts

Samples: Business Loan Agreement (Syra Health Corp), Business Loan Agreement (BioLife4D Corp), Business Loan Agreement (Amrep Corp.)

Notices of Claims and Litigation. Promptly inform Lender Lxxxxx in writing of (1) all material adverse changes in Borrower’s 's financial condition, and (2) all existing and all threatened litigation, claims, investigations, administrative proceedings or similar actions affecting Borrower or any Guarantor which could materially affect the financial condition of Borrower or the financial condition of any Guarantor.

Appears in 6 contracts

Samples: Business Loan Agreement (FGI Industries Ltd.), Business Loan Agreement (Pro Dex Inc), Business Loan Agreement (Reliv International Inc)

Notices of Claims and Litigation. Promptly inform Lender in writing of (1) all material adverse changes in Borrower’s financial condition, and (2) all existing and all threatened litigation, claims, investigations, administrative proceedings or similar actions affecting Borrower or any Guarantor which could materially affect the financial condition of Borrower or the financial condition of any GuarantorBorrower.

Appears in 3 contracts

Samples: Business Loan Agreement (Amtd Idea Group), Business Loan Agreement (CarePayment Technologies, Inc.), Business Loan Agreement (Pc Universe Inc)

Notices of Claims and Litigation. Promptly inform Lender in writing of (1) all material adverse changes in Borrower’s 's financial condition, and (2) all existing and all threatened litigation, claims, investigations, administrative proceedings or similar actions affecting Borrower or any Guarantor which could materially affect the financial condition of Borrower or the financial condition of any Guarantor.Borrower;

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement

Notices of Claims and Litigation. Promptly inform Lender Xxxxxx in writing of (1) all material adverse changes in Borrower’s 's financial condition, and (2) all existing and all threatened litigation, claims, investigations, administrative proceedings or similar actions affecting Borrower or any Guarantor which could materially affect the financial condition of Borrower or the financial condition of any GuarantorBorrower.

Appears in 2 contracts

Samples: Business Loan Agreement (Hancock Park Corporate Income, Inc.), Business Loan Agreement (Hancock Park Corporate Income, Inc.)

Notices of Claims and Litigation. Promptly inform Lender Xxxxxx in writing of (1) all material adverse changes in Borrower’s financial conditioncondition or in the financial condition of any of its subsidiaries and affiliates, and (2) all existing and all threatened threatened, in writing, litigation, claims, investigations, administrative proceedings or similar actions affecting Borrower or any Guarantor which could materially affect the financial condition of Borrower or the financial condition of any Guarantorits subsidiaries and affiliates.

Appears in 2 contracts

Samples: Business Loan Agreement (Farmland Partners Inc.), Business Loan Agreement (Farmland Partners Inc.)

Notices of Claims and Litigation. Promptly inform Lender in writing of (1) all material adverse changes in Borrower’s financial conditionsuch Borrower which reasonably could be expected to result in a Material Adverse Effect, and (2) all existing and all litigation threatened litigationin writing, claims, investigations, administrative proceedings or similar actions affecting any Borrower or any Guarantor which reasonably could materially affect the financial condition of Borrower or the financial condition of any Guarantorbe expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Security Agreement (Telanetix,Inc), Loan and Security Agreement (Telanetix,Inc)

Notices of Claims and Litigation. Promptly inform Lender in writing of (1) all material adverse changes in Borrower’s financial condition, and (2) all existing and all threatened litigation, claims, investigations, administrative proceedings or similar actions affecting Borrower or any Guarantor which could materially affect the financial condition of Borrower or the financial condition of any GuarantorBorrower.

Appears in 2 contracts

Samples: Business Loan Agreement (Wilhelmina International, Inc.), Business Loan Agreement (Collectors Universe Inc)

Notices of Claims and Litigation. Promptly inform Lender in writing wr iting of (1) all material adverse changes in BorrowerBorrower ’s financial condition, and (2) all existing and all threatened litigation, claims, investigations, administrative proceedings or similar actions affecting Borrower or any Guarantor which could materially affect the financial condition of Borrower or the financial condition of any GuarantorGuarantor .

Appears in 1 contract

Samples: Business Loan Agreement (Shells Seafood Restaurants Inc)

Notices of Claims and Litigation. Promptly inform Lender in writing of (1) all material adverse changes in Borrower’s or Guarantor’s financial condition, and (2) all existing and all threatened litigation, claims, investigations, administrative proceedings or similar actions affecting Borrower or any Guarantor which could materially affect the financial condition of Borrower or the financial condition of any Guarantor.

Appears in 1 contract

Samples: Business Loan Agreement (ComSovereign Holding Corp.)

Notices of Claims and Litigation. Promptly inform Lender in writing of (1) all material adverse changes in Borrower’s or Parent’s financial condition, and (2) all existing and all threatened litigation, claims, investigations, administrative proceedings or similar actions affecting Borrower Borrower, Parent or any Guarantor which could materially affect the financial condition of Borrower Borrower, the financial condition of Parent or the financial condition of any Guarantor.

Appears in 1 contract

Samples: Business Loan Agreement (Advanced Life Sciences Holdings, Inc.)

Notices of Claims and Litigation. Promptly inform Lender Xxxxxx in writing of (1) all material adverse changes in Borrower’s financial condition, and (2) all existing and all threatened litigation, claims, investigations, administrative proceedings or similar actions affecting Borrower or any Guarantor which could materially affect the financial condition of Borrower or the financial condition of any GuarantorBorrower.

Appears in 1 contract

Samples: Business Loan Agreement (Amtd Idea Group)

Notices of Claims and Litigation. Promptly inform Lender in writing of (1) all material adverse changes in Borrower’s financial condition, and (2) all existing and all threatened litigation, claims, investigations, administrative proceedings proceedings, or similar actions affecting Borrower or any Guarantor which could materially affect the financial condition of Borrower or the financial condition of any Guarantor.

Appears in 1 contract

Samples: Business Loan Agreement (Champion Industries Inc)

Notices of Claims and Litigation. Promptly inform Lender Xxxxxx in writing of (1) all material adverse changes in Borrower’s financial condition, and (2) all existing and all threatened litigation, claims, investigations, administrative proceedings or similar actions affecting Borrower or any Guarantor or which could materially affect the financial condition of Borrower or the financial condition of any Guarantor.

Appears in 1 contract

Samples: Business Loan Agreement (Arts Way Manufacturing Co Inc)

Notices of Claims and Litigation. Promptly inform Lender Lxxxxx in writing of (1) all material adverse changes in Borrower’s financial condition, and (2) all existing and all threatened litigation, claims, investigations, administrative proceedings or similar actions affecting Borrower or any Guarantor which could materially affect the financial condition of Borrower or the financial condition of any Guarantor.. Financial Statements. Furnish Lender with the following:

Appears in 1 contract

Samples: Business Loan Agreement (Niocorp Developments LTD)

Notices of Claims and Litigation. Promptly inform Lender Xxxxxx in writing of (1) all material adverse changes in Borrower’s financial condition, condition ,and (2) all existing and all threatened litigation, claims, investigations, administrative proceedings or similar actions affecting Borrower or any Guarantor which could materially affect the financial condition of Borrower or the financial condition of any Guarantor.

Appears in 1 contract

Samples: Business Loan Agreement (AMERICAN POWER GROUP Corp)

Notices of Claims and Litigation. Promptly inform Lender Lxxxxx in writing of (1) all material adverse changes in Borrower’s 's financial condition, and (2) all existing and all threatened litigation, claims, investigations, administrative proceedings or similar actions affecting Borrower or any Guarantor which could reasonably be expected to materially affect the financial condition of Borrower or the financial condition of any Guarantor.

Appears in 1 contract

Samples: Business Loan Agreement (Janel Corp)

Notices of Claims and Litigation. Promptly inform Lender in writing of (1) all material adverse changes in Borrower’s financial condition, . and (2) all existing and all threatened litigation, claims, investigations, administrative proceedings or similar actions affecting Borrower or any Guarantor which could materially affect the financial condition of Borrower or the financial condition of any Guarantor.

Appears in 1 contract

Samples: Business Loan Agreement (Torotel Inc)

Notices of Claims and Litigation. Promptly inform Lender Xxxxxx in writing of (1) all material adverse changes in Borrower’s financial condition, . and (2) all existing and all threatened litigation, claims, investigations, administrative proceedings or similar actions affecting Borrower or any Guarantor which could materially affect the financial condition of Borrower or the financial condition of any Guarantor.

Appears in 1 contract

Samples: Business Loan Agreement (Prospect Acquisition Corp)

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Notices of Claims and Litigation. Promptly inform Lender in writing of (1) all material adverse changes in Borrower’s 's financial condition, condition and (2) all existing and all threatened litigation, claims, investigations, administrative proceedings or similar actions affecting Borrower or any Guarantor which could materially affect the financial condition of Borrower or the financial condition of any Guarantor.

Appears in 1 contract

Samples: Business Loan Agreement (Eaco Corp)

Notices of Claims and Litigation. Promptly inform Lender in writing of (1) all material adverse changes in Borrower’s 's financial condition, and (212) all existing and all threatened litigation, claims, investigations, administrative proceedings or similar actions affecting Borrower or any Guarantor which could materially affect the financial condition of Borrower or the financial condition of any Guarantor.

Appears in 1 contract

Samples: Business Loan Agreement (Charge Enterprises, Inc.)

Notices of Claims and Litigation. Promptly inform Lender in writing of (1) all material adverse changes in Borrower’s financial condition, and (2) all existing and all threatened litigation, claims, investigations, administrative proceedings or similar actions affecting Borrower or any Guarantor which could materially affect the financial condition of Borrower or of the financial condition of any Guarantor.

Appears in 1 contract

Samples: Business Loan Agreement (Collectors Universe Inc)

Notices of Claims and Litigation. Promptly inform Lender Xxxxxx in writing of (1) all material adverse changes in Borrower’s 's financial condition, and (2) : all existing and all threatened litigation, claims, investigations, administrative proceedings or similar actions affecting Borrower or any Guarantor which could materially affect the financial condition of Borrower or the financial condition of any Guarantor.

Appears in 1 contract

Samples: Business Loan Agreement (Premier Financial Bancorp Inc)

Notices of Claims and Litigation. Promptly inform Lender in writing of (1) all material adverse changes in Borrower’s financial condition, and (2) all existing and all threatened litigation, claims, investigations, administrative proceedings or similar actions affecting Borrower or any Guarantor guarantor which could materially affect the financial condition of Borrower or the financial condition of any Guarantor.

Appears in 1 contract

Samples: Business Loan Agreement (Cornerstone Realty Fund LLC)

Notices of Claims and Litigation. Promptly inform Lender in writing of (1) all material adverse changes in Borrower’s financial condition, and (2) all existing and all threatened litigation, claims, investigations, administrative proceedings or similar actions affecting Borrower or any Guarantor which could materially affect the financial condition of Borrower or and/or the financial condition of any GuarantorTridentHE.

Appears in 1 contract

Samples: Loan Agreement (Aegis Identity Software, Inc.)

Notices of Claims and Litigation. Promptly inform Lender in writing of (1) all material adverse changes in Borrower’s financial condition, and (2) all existing and and, to Borrower’s knowledge, all threatened litigation, claims, investigations, administrative proceedings or similar actions affecting Borrower or any Guarantor which could materially affect the financial condition of Borrower or the financial condition of any Guarantor.

Appears in 1 contract

Samples: Business Loan Agreement (Wayside Technology Group, Inc.)

Notices of Claims and Litigation. Promptly inform Lender Xxxxxx in writing of (1) all 1)all material adverse changes in BorrowerBorrower ’s financial condition, and (2) all 2)all existing and all threatened litigation, claims, investigations, administrative proceedings or similar actions affecting Borrower or any Guarantor which could materially affect the financial condition of Borrower or the financial condition of any Guarantor.

Appears in 1 contract

Samples: Business Loan Agreement (Arena Resources Inc)

Notices of Claims and Litigation. Promptly inform Lender in writing of (1) all material adverse changes in Borrower’s financial condition, and (2) all existing and all threatened litigation, claims, investigationsInvestigations, administrative proceedings or similar actions affecting Borrower or any Guarantor which could materially affect the financial condition of Borrower or the financial condition of any Guarantor.

Appears in 1 contract

Samples: Business Loan Agreement (Super Micro Computer, Inc.)

Notices of Claims and Litigation. Promptly inform Lender in writing of (1) all material adverse changes in Borrower’s 's financial condition, and (2) all existing and all an threatened litigation, claims, investigations, administrative proceedings or similar actions affecting Borrower or any Guarantor which could materially affect the financial condition of Borrower or the financial condition of any Guarantor.

Appears in 1 contract

Samples: Business Loan Agreement (Dougherty's Pharmacy, Inc.)

Notices of Claims and Litigation. Promptly inform Lender in writing of (1) all material adverse changes in Borrower’s their respective financial condition, and (2) all existing and all threatened in writing litigation, claims, investigations, administrative proceedings or similar actions affecting Borrower or any Guarantor Borrowers which could materially affect the financial condition of Borrower or the financial condition any of any GuarantorBorrowers.

Appears in 1 contract

Samples: Business Loan Agreement (Sports Field Holdings, Inc.)

Notices of Claims and Litigation. Promptly inform Lender in writing of (1) all ail material adverse changes in Borrower’s financial condition, and (2) all existing and all threatened litigation, claims, investigations, administrative proceedings or similar actions affecting Borrower or any Guarantor which could materially affect the financial condition of Borrower or the financial condition of any Guarantor.

Appears in 1 contract

Samples: Business Loan Agreement (Dynamic Health Products Inc)

Notices of Claims and Litigation. Promptly inform Lender in writing of (1) 10 all material adverse changes in Borrower’s financial condition, and (2) all existing and all threatened litigation, claims, investigations, administrative proceedings or similar actions affecting Borrower or any Guarantor which could materially affect the financial condition of Borrower or the financial condition of any Guarantor.

Appears in 1 contract

Samples: Business Loan Agreement (Asset Based) (TSS, Inc.)

Notices of Claims and Litigation. Promptly inform Lender Xxxxxx in writing of (1) all material adverse changes in In Borrower’s 's financial condition, and (2) all existing and all threatened litigation, claims, investigations, administrative proceedings or similar actions affecting effecting Borrower or any Guarantor which could materially affect the financial condition of Borrower or the financial condition of any Guarantor.

Appears in 1 contract

Samples: Business Loan Agreement (Premier Financial Bancorp Inc)

Notices of Claims and Litigation. Promptly inform Lender in writing of (1) all material adverse changes in Borrower’s financial condition, and (2) all existing and all threatened litigation, claims, investigations, administrative proceedings or or, similar actions affecting Borrower or any Guarantor which could materially affect the financial condition of Borrower or the financial condition of any Guarantor.

Appears in 1 contract

Samples: Business Loan Agreement (Flotek Industries Inc/Cn/)

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