Common use of Notification of litigation Clause in Contracts

Notification of litigation. The Borrower will provide the Lender with details of any legal or administrative action involving the Borrower, any Security Party, the Approved Manager or any Ship, its Earnings or the Insurances as soon as such action is instituted, unless it is clear that the legal or administrative action cannot be considered material in the context of any Finance Document.

Notification of litigation. The Each Borrower will provide the Lender with details of any legal or administrative action involving the either Borrower, any Security Party, the Approved Manager or any Manager, either Ship, its the Earnings or the Insurances as soon as such action is instituted, unless it is clear that the legal or administrative action cannot be considered material in the context of any Finance Document.

Notification of litigation. The Borrower will provide the Lender with details of any legal or administrative action involving the Borrower, any Security Party, the Approved Manager or any the Ship, its the Earnings or the Insurances as soon as such action is instituted, unless it is clear that the legal or administrative action cannot be considered material in the context of any Finance Document.

Notification of litigation. The Borrower will provide the Lender with details of any legal or administrative action involving the Borrower, any Security Party, the Approved Manager or Manager, any Ship, its the Earnings or the Insurances as soon as such action is instituted, unless it is clear that the legal or administrative action cannot be considered material in the context of any Finance Document.

Notification of litigation. The Each Borrower will provide the Lender with details of any legal or administrative action involving the either Borrower, any Security Party, the Approved Manager or Manager, any Ship, its the Earnings or the Insurances as soon as such action is instituted, unless it is clear that the legal or administrative action cannot be considered material in the context of any Finance Document.

Notification of litigation. The Borrower will provide the Lender with details of any legal or administrative action involving the Borrower, any Security Party, the Approved Manager or any Manager, the Ship, its the Earnings or the Insurances as soon as such action is instituted or it becomes apparent to the Borrower that it is likely to be instituted, unless it is clear that the legal or administrative action cannot be considered material in the context of any Finance Document.

Notification of litigation. The Each Borrower will provide the Lender with details of any legal or administrative action involving the any Borrower, any Security Party, the Approved Manager or Manager, any Ship, its the Earnings or the Insurances as soon as such action is instituted, unless it is clear that the legal or administrative action cannot be considered material in the context of any Finance Document.

Notification of litigation. The Each Borrower will provide the Lender with details of any legal or administrative action involving the that Borrower, any Security Party, the Approved Manager or any Shipthe Ship owned by it, its the Earnings or the Insurances as soon as such action is instituted or it becomes apparent to that Borrower that it is likely to be instituted, unless it is clear that the legal or administrative action cannot be considered material in the context of any Finance Document.

Notification of litigation. The Each Borrower will provide the Lender with details of any legal or administrative action involving the that Borrower, any Security Party, the Approved Manager or any Shipthe Ship owned by that Borrower, its Earnings or the its Insurances as soon as such action is instituted or it becomes apparent to that Borrower that it is likely to be instituted, unless it is clear that the legal or administrative action cannot be considered material in the context of any Finance Document.

Notification of litigation. The Borrower It will provide the Lender with details of any legal or administrative action involving the that Borrower, any Security Party, the any Approved Manager or any Shipthe Ship owned by it, its Earnings or the its Insurances as soon as such action is instituted or it becomes apparent to that Borrower that it is likely to be instituted, unless it is clear that the legal or administrative action cannot be considered material in the context of any Finance Document.

Notification of litigation. The Borrower will provide the Lender with details of any legal or administrative action involving the Borrower, any Security Party, Borrower or the Approved Manager or any Ship, its Earnings or the its Insurances or any Security Party as soon as such action is instituted or it becomes apparent to the Borrower that it is likely to be instituted, unless it is clear that the legal or administrative action cannot be considered material in the context of any the Finance DocumentDocuments taken as a whole.

Notification of litigation. The Each Borrower will provide the Lender with details of any legal or administrative action involving the any Borrower, any Security Party, the Approved Manager or any Ship, its Earnings or the its Insurances as soon as such action is instituted or it becomes apparent to such Borrower that it is likely to be instituted, unless it is clear that the legal or administrative action cannot be considered material in the context of any Finance Document.

Notification of litigation. The Borrower will provide the Lender with details of any legal or administrative action involving the Borrower, the Owner, any other Security Party, the Approved Manager, the Approved Technical Sub-Manager or any the Ship, its the Earnings or the Insurances as soon as such action is instituted or it becomes apparent to the Borrower that it is likely to be instituted, unless it is clear that the legal or administrative action cannot be considered material in the context of any Finance Document.

Notification of litigation. The Each Borrower will promptly provide the Lender with details of any legal or administrative action involving the that Borrower, any Security Party, the Approved Manager or any Shipthe Ship owned by it, its the Earnings or the Insurances as soon as such action is instituted or it becomes apparent to that Borrower that it is likely to be instituted, unless it is clear that the legal or administrative action cannot be considered material in the context of any Finance Document.

Notification of litigation. The Borrower will provide the Lender with details of any legal or administrative action involving the Borrower, any Security Party, the Approved Manager or any ShipVessel, its the Earnings or the Insurances as soon as such action is instituted or it becomes apparent to the Borrower that it is likely to be instituted, unless it is clear that the legal or administrative action cannot be considered material in the context of any Finance Document.

Notification of litigation. The Each Borrower will provide the Lender with details of any legal or administrative action involving the that Borrower, any Security PartyParty or the Ship owned by it, the Approved Manager or any Ship, its Earnings or the Insurances as soon as such action is instituted, unless it is clear that the legal or administrative action cannot be considered material in the context of any Finance Document.

Notification of litigation. The Borrower will provide the Lender with details of any legal or administrative action involving the Borrower, either of the Owners, any other Security Party, the an Approved Manager or any Shipthe Ships, its the Earnings or the Insurances of either Ship as soon as such action is instituted or it becomes apparent to the Borrower that it is likely to be instituted, unless it is clear that the legal or administrative action cannot be considered material in the context of any Finance Document.

Notification of litigation. The Each Borrower will provide the Lender with details of any legal or administrative action involving the that Borrower, any Security Party, the Approved Manager or any its Ship, its the Earnings or the Insurances as soon as such action is instituted or it becomes apparent to that Borrower that it is likely to be instituted, unless it is clear that the legal or administrative action cannot be considered material in the context of any Finance Document.

Notification of litigation. The Borrower will provide the Lender with details of any legal or administrative action involving the Borrower, any Security Party, the Approved Manager or any Shipthe Ships, its their Earnings or the their Insurances as soon as such action is instituted or becomes apparent to the Borrower that it is likely to be instituted, unless it is clear that the legal or administrative action cannot be considered material in the context of any Finance Document.

Notification of litigation. The Borrower will provide the Lender with details of any legal or administrative action involving the Borrower, the Owner, any other Security Party, the Approved Manager Manager, each Ship or any Ship, its the Earnings or the Insurances of each Ship as soon as such action is instituted or it becomes apparent to the Borrower that it is likely to be instituted, unless it is clear that the legal or administrative action cannot be considered material in the context of any the Finance DocumentDocuments.

Notification of litigation. The Borrower will provide the Lender with details of any legal or administrative action involving the Borrower, any Security Party, the Approved Manager or any Manager, either Ship, its any New Ship or the Earnings or the Insurances of either Ship as soon as such action is instituted or it becomes apparent to the Borrower that it is likely to be instituted, unless it is clear that the legal or administrative action cannot be considered material in the context of any Finance Document.

Notification of litigation. The Borrower will provide the Lender with details of any legal or administrative action involving the Borrowerit, any Security Party, the Approved Manager or any the Ship, its the Earnings or the Insurances as soon as such action is instituted or it becomes apparent to the Borrower that it is likely to be instituted, unless it is clear that the legal or administrative action cannot be considered material in the context of any Finance Document.

Notification of litigation. The Borrower will provide the Lender with details of any legal or administrative action involving the Borrower, any Security Party, the Approved Manager or any Shipthe Ships, its their Earnings or the their Insurances as soon as such action is instituted or becomes apparent to that Borrower that it is likely to be instituted, unless it is clear that the legal or administrative action cannot be considered material in the context of any Finance Document.

Notification of litigation. The Borrower will provide the Lender with details of any legal or administrative action involving the Borrower, any Security Party, the either Approved Manager or any the Ship, its the Earnings or the Insurances as soon as such action is instituted or it becomes apparent to the Borrower that it is likely to be instituted, unless it is clear that the legal or administrative action cannot be considered material in the context of any Finance Document.

Notification of litigation. The Borrower will provide the Lender with details of any legal or administrative action involving the Borrower, any Security Party, the Group, the Approved Manager or any Manager, the Ship, its the Earnings or the its Insurances as soon as such action is instituted or it becomes apparent to the Borrower that it is likely to be instituted, unless it is clear that the legal or administrative action cannot be considered material in the context of any Finance Document.

Notification of litigation. The Borrower will provide the Lender with details of any legal or administrative action involving the Borrower, any Security Party, the either Approved Manager or any Manager, either Ship, its their Earnings or the their Insurances as soon as such action is instituted or it becomes apparent to the Borrower that it is likely to be instituted, unless it is clear that the legal or administrative action cannot be considered material in the context of any Finance Document.

Notification of litigation. The Borrower will provide the Lender with details of any legal or administrative action involving the Borrowerit, any Security Party, or the Approved Manager or any Ship, its the Earnings or the Insurances as soon as such action is instituted or it becomes apparent to the Borrower that it is likely to be instituted, unless it is clear that the legal or administrative action cannot be considered material in the context of any Finance Document.

Notification of litigation. The Borrower will provide the Lender with details of any legal or administrative action involving the Borrower, any Security Party, the Approved Manager or any the Ship, its the Earnings or the Insurances as soon as such action is instituted or it becomes apparent to the Borrower that it is likely to be instituted, unless it is clear that the legal or administrative action cannot be considered material in the context of any Finance Document.

Notification of litigation. The Each Borrower will provide the Lender with details of any legal or administrative action involving the either Borrower, any Security Party, the Approved Manager or any Shipthe Ships, its their Earnings or Insurances promptly upon becoming aware of the Insurances same where such as soon as such action is instituted, unless it is clear that the legal or administrative action cannot be considered might, if adversely determined, have a material in adverse effect on the context ability of that Borrower to perform its obligations under any Finance DocumentDocument to which it is a party.

Notification of litigation. The Borrower will provide the Lender with details of any legal or administrative action involving the Borrower, any Security Partythe Guarantor, the Approved Manager or any the Ship, its the Earnings or the Insurances as soon as such action is instituted or it becomes apparent to the Borrower that it is likely to be instituted, unless it is clear that the legal or administrative action cannot be considered material in the context of any Finance Document.