Notices to Bank. To promptly notify the Bank in writing of: (a) Any lawsuit over Two Hundred Fifty Thousand and 00/100 Dollars ($250,000.00) against any Borrower (or any guarantor or, if any Borrower is comprised of the trustees of a trust, any trustor). (b) Any substantial dispute between any governmental authority and any Borrower (or any guarantor or, if any Borrower is comprised of the trustees of a trust, any trustor). (c) Any event of default under this Agreement, or any event which, with notice or lapse of time or both, would constitute an event of default. (d) Any material adverse change in any Borrower’s (or any guarantor’s, or, if any Borrower is comprised of the trustees of a trust, any trustor’s) business condition (financial or otherwise), operations, properties or prospects, or ability to repay the credit. (e) Any change in any Borrower’s name, legal structure, place of business, or chief executive office if such Borrower has more than one place of business. (f) Any actual contingent liabilities of any Borrower (or any guarantor or, if any Borrower is comprised of the trustees of a trust, any trustor), and any such contingent liabilities which are reasonably foreseeable, where such liabilities are in excess of Two Hundred Fifty Thousand and 00/100 Dollars ($250,000.00) in the aggregate.
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Notices to Bank. To promptly notify the Bank in writing of:
(a) Any lawsuit claiming actual damages over Two Million Five Hundred Fifty Thousand and 00/100 Dollars ($250,000.002,500,000.00) that a plaintiff files against any the Borrower (or any guarantor or, if any the Borrower is comprised of the trustees of a trust, any trustor).
(b) Any substantial dispute between any governmental authority and any the Borrower (or any guarantor or, if any the Borrower is comprised of the trustees of a trust, any trustor).
(c) Any event of default under this Agreement, or any event which, with notice or lapse of time or both, would constitute an event of default.
(d) Any material adverse change in any the Borrower’s (or any guarantor’s, or, if any the Borrower is comprised of the trustees of a trust, any trustor’s) business condition (financial or otherwise), operations, properties or prospects, or a material adverse change affects the Borrower’s ability to repay the credit.
(e) Any change in any the Borrower’s name, legal structure, place of business, or chief executive office if such the Borrower has more than one place of business.
(f) Any actual contingent liabilities of any the Borrower (or any guarantor or, if any the Borrower is comprised of the trustees of a trust, any trustor), and any such contingent liabilities which are reasonably foreseeable, where such liabilities are in excess of Two Million Five Hundred Fifty Thousand and 00/100 Dollars ($250,000.00) in the aggregate2,500,000.00).
Appears in 1 contract
Notices to Bank. To promptly notify the Bank in writing of:
(a) Any lawsuit over Two Five Hundred Fifty Thousand and 00/100 Dollars ($250,000.00500,000.00) against any the Borrower (or any guarantor or, if any the Borrower is comprised of the trustees of a trust, any trustor).
(b) Any substantial dispute between any governmental authority and any the Borrower (or any guarantor or, if any the Borrower is comprised of the trustees of a trust, any trustor).
(c) Any event of default under this Agreement, or any event which, with notice or lapse of time or both, would constitute an event of default.
(d) Any material adverse change in any the Borrower’s (or any guarantor’s, or, if any the Borrower is comprised of the trustees of a trust, any trustor’s) business condition (financial or otherwise), operations, properties or prospects, or ability to repay the credit.
(e) Any change in any the Borrower’s name, legal structure, place of business, or chief executive office if such the Borrower has more than one place of business.
(f) Any substantial change in the present executive or management personnel of the Borrower.
(g) Any actual contingent liabilities of any the Borrower (or any guarantor or, if any the Borrower is comprised of the trustees of a trust, any trustor), and any such contingent liabilities which are reasonably foreseeable, where such liabilities are in excess of Two Five Hundred Fifty Thousand and 00/100 Dollars ($250,000.00500,000.00) in the aggregate.
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Samples: Loan Agreement (Annas Linen Co)
Notices to Bank. To promptly notify the Bank in writing of:
(a) Any lawsuit over Two Hundred Fifty Thousand Five Million and 00/100 Dollars ($250,000.005,000,000.00) against any the Borrower (or any guarantor or, if any the Borrower is comprised of the trustees of a trust, any trustor).
(b) Any substantial dispute between any governmental authority and any the Borrower (or any guarantor or, if any the Borrower is comprised of the trustees of a trust, any trustor).
(c) Any event of default under this Agreement, or any event which, with notice or lapse of time or both, would constitute an event of default.
(d) Any material adverse change in any the Borrower’s (or any guarantor’s, or, if any the Borrower is comprised of the trustees of a trust, any trustor’s) business condition (financial or otherwise), operations, properties or prospects, or ability to repay the credit.
(e) Any change in any the Borrower’s name, legal structure, principal residence (for an individual), state of registration (for a registered entity), place of business, or chief executive office if such the Borrower has more than one place of business.
(f) Any actual contingent liabilities of any the Borrower (or any guarantor or, if any the Borrower is comprised of the trustees of a trust, any trustor), and any such contingent liabilities which are reasonably foreseeable, where such liabilities are in excess of Two Hundred Fifty Thousand One Million and 00/100 Dollars ($250,000.001,000,000.00) in the aggregate.
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Samples: Loan Agreement (Cohu Inc)
Notices to Bank. To promptly notify the Bank in writing of:
(a) Any lawsuit over Two Hundred Fifty Thousand and 00/100 00/1 00 Dollars ($250,000.00) against any the Borrower (or any guarantor or, if any the Borrower is comprised of the trustees of a trust, any trustor).
(b) Any substantial dispute between any governmental authority and any the Borrower (or any guarantor or, if any the Borrower is comprised of the trustees of a trust, any trustor).
(c) Any event of default under this Agreement, or any event which, with notice or lapse of time or both, would constitute an event of default.
(d) Any material adverse change in any the Borrower’s (or any guarantor’s, or, if any the Borrower is comprised of the trustees of a trust, any trustor’s) business condition (financial or otherwise), operations, properties or prospects, or ability to repay the credit.
(e) Any change in any the Borrower’s name, legal structure, place of business, or chief executive office if such the Borrower has more than one place of business.
(f) Any actual contingent liabilities of any the Borrower (or any guarantor or, if any the Borrower is comprised of the trustees of a trust, any trustor), and any such contingent liabilities which are reasonably foreseeable, where such liabilities are in excess of Two Hundred Fifty Thousand and 00/100 Dollars ($250,000.00) in the aggregate.
Appears in 1 contract
Samples: Loan Agreement (Thomas Group Inc)
Notices to Bank. To promptly notify the Bank in writing of:
(a) Any lawsuit over Two Hundred Fifty Thousand and 00/100 One Million Dollars ($250,000.001,000,000.00) against any the Borrower (or any guarantor or, if any Borrower is comprised of the trustees of a trust, any trustor).
(b) Any substantial dispute between any governmental authority and any the Borrower (or any guarantor or, if any Borrower is comprised of the trustees of a trust, any trustor).
(c) Any event of default under this Agreement, or any event which, with notice or lapse of time or both, would constitute an event of default.
(d) Any material adverse change in any the Borrower’s (or any guarantor’s, or, if any Borrower is comprised of the trustees of a trust, any trustor’s) business condition (financial or otherwise), operations, properties or prospects, or ability to repay the credit.
(e) Any change in any the Borrower’s name, legal structure, place of business, or chief executive office if such the Borrower has more than one place of business.
(f) Any actual material contingent liabilities of any Borrower (or any guarantor or, if any Borrower is comprised of the trustees of a trust, any trustor), and any such material contingent liabilities which are reasonably foreseeable, where such liabilities are in excess of Two Hundred Fifty Thousand and 00/100 Dollars ($250,000.00) in the aggregate.
Appears in 1 contract
Samples: Business Loan Agreement (TRM Corp)
Notices to Bank. To promptly notify the Bank in writing of:
(a) Any lawsuit over Two Hundred Fifty Thousand One Million and 00/100 Dollars ($250,000.001,000,000.00) against any the Borrower (or any guarantor or, if any the Borrower is comprised of the trustees of a trust, any trustor).
(b) Any substantial dispute between any governmental authority and any the Borrower (or any guarantor or, if any the Borrower is comprised of the trustees of a trust, any trustor)) that could have a material adverse impact on the Borrower.
(c) Any event of default under this Agreement, or any event which, with notice or lapse of time or both, would constitute an event of default.
(d) Any material adverse change in any the Borrower’s (or any guarantor’s, or, if any the Borrower is comprised of the trustees of a trust, any trustor’s) business condition (financial or otherwise), operations, properties or prospects, or ability to repay the credit.
(e) Any change in any the Borrower’s name, legal structure, place of business, or chief executive office if such the Borrower has more than one place of business.
(f) Any actual contingent liabilities of any the Borrower (or any guarantor or, if any the Borrower is comprised of the trustees of a trust, any trustor), and any such contingent liabilities which are reasonably foreseeable, where such liabilities are in excess of Two Hundred Fifty Thousand One Million and 00/100 Dollars ($250,000.001,000,000.00) in the aggregate.
Appears in 1 contract
Notices to Bank. To promptly notify the Bank in writing of:
(a) Any lawsuit over Two One Hundred Fifty Thousand and 00/100 Dollars ($250,000.00100,000.00) against any Borrower (or any guarantor or, if any Borrower is comprised of the trustees of a trust, any trustor).
(b) Any substantial dispute between any governmental authority and any Borrower (or any guarantor or, if any Borrower is comprised of the trustees of a trust, any trustor).
(c) Any event of default under this Agreement, or any event which, with notice or lapse of time or both, would constitute an event of default.
(d) Any material adverse change in any Borrower’s (or any guarantor’s, or, if any Borrower is comprised of the trustees of a trust, any trustor’s) business condition (financial or otherwise), operations, properties or prospects, or ability to repay the credit.
(e) Any change in any Borrower’s name, legal structure, place of business, or chief executive office if such Borrower has more than one place of business.
(f) Any actual contingent liabilities of any Borrower (or any guarantor or, if any Borrower is comprised of the trustees of a trust, any trustor), and any such contingent liabilities which are reasonably foreseeable, where such liabilities are in excess of Two Hundred Fifty Thousand and 00/100 Dollars ($250,000.00) in the aggregate.
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