Common use of Proceedings or Adverse Changes Clause in Contracts

Proceedings or Adverse Changes. Promptly, and in any event within 5 Business Days after any Credit Party becomes aware of (i) any proceedings being instituted or threatened to be instituted by or against such Credit Party or any of its Subsidiaries in any federal, state, local or foreign court or before any commission or other regulatory body (federal, state, local or foreign) which, if adversely determined, singly or in the aggregate could reasonably be expected to have a Material Adverse Effect, (ii) any order, judgment or decree in excess of $3,000,000 being entered against such Credit Party or any of its Subsidiaries or any of their respective properties or assets or (iii) any actual or prospective change, development or event which has had or could reasonably be expected to have a Material Adverse Effect, a written statement describing such proceeding, order, judgment, decree, change, development or event and any action being taken with respect thereto by such Credit Party or such Subsidiary.

Proceedings or Adverse Changes. Promptly, and in any event ------------------------------ within 5 five Business Days after any Credit Party becomes aware of (i) any proceedings proceeding being instituted or threatened to be instituted by or against such any Credit Party or any Subsidiary of its Subsidiaries a Credit Party in any federal, state, local or foreign court or before any commission or other regulatory body (federal, state, local or foreign) which), if adversely determined, singly except for threatened or pending proceedings which in the aggregate could not reasonably be expected to have result in an Event of Default or a Material Adverse Effect, (ii) any order, judgment or decree in excess of $3,000,000 being entered against such any Credit Party or any of its Subsidiaries or any of their respective properties or assets assets, if the amount which is or may become payable by any Credit Party or any of its Subsidiaries in connection with all such orders, judgments or decrees then outstanding, exceeds confirmed insurance coverage by more than $1,000,000, or (iii) any actual or prospective change, development or event which has had or could reasonably be expected to have a Material Adverse EffectEffect other than general economic conditions, a written statement describing such proceeding, order, judgment, decree, change, development or event and any action being taken with respect thereto by such the Credit Party or any such Subsidiary.

Proceedings or Adverse Changes. Promptly, and in any event within 5 five (5) Business Days after any Credit Party becomes aware of (i) any proceedings being instituted or threatened to be instituted by or against such Credit Party or any of its Subsidiaries in any federal, state, local or foreign court or before any commission or other regulatory body (federal, state, local or foreign) which, if adversely determined, singly or in the aggregate could reasonably be expected to have a Material Adverse Effect, (ii) any order, judgment or decree in excess of $3,000,000 being entered against such Credit Party or any of its Subsidiaries or any of their respective properties or assets or (iii) any actual or prospective change, development or event which has had or could reasonably be expected to have a Material Adverse Effect, a written statement describing such proceeding, order, judgment, decree, change, development or event and any action being taken with respect thereto by such Credit Party or such Subsidiary.

Proceedings or Adverse Changes. Promptly, and in any event within 5 five (5) Business Days after any Credit Party becomes aware of (iI) any proceedings being instituted or threatened to be instituted by or against such Credit Party or any of its Subsidiaries in any federal, state, local or foreign court or before any commission or other regulatory body (federal, state, local or foreign) which, if adversely determined, singly or in the aggregate could reasonably be expected to have a Material Adverse Effect, (iiII) any order, judgment or decree in excess of $3,000,000 250,000 being entered against such Credit Party or any of its Subsidiaries or any of their respective properties or assets or (iiiIII) any actual or prospective change, development or event which has had or could reasonably be expected to have a Material Adverse Effect, a written statement describing such proceeding, order, judgment, decree, change, development or event and any action being taken with respect thereto by such Credit Party or such Subsidiary.