Common use of Report on Proceedings Clause in Contracts

Report on Proceedings. promptly upon the Originator becoming --------------------- aware of (1) any proposed or pending investigation of it by any governmental authority or agency, or (2) any court or administrative proceeding, which involves or may involve the possibility of materially and adversely affecting the properties, business, prospects, profits or condition (financial or otherwise) of the Originator, a written notice specifying the nature of such investigation or proceeding and what action the Originator is taking or proposes to take with respect thereto and evaluating its merits;

Report on Proceedings. promptly upon the Originator becoming --------------------- aware of (1) any proposed or pending investigation of it by any governmental authority or agency, or (2) any court or administrative proceeding, which involves or may involve the possibility of materially and adversely affecting the properties, business, prospects, profits or condition (financial or otherwise) of the Originator, a written notice specifying the nature of such investigation or proceeding and what action the Originator is taking or proposes to take with respect thereto and evaluating its merits;

Report on Proceedings. promptly upon the Originator becoming aware --------------------- aware of (1) any proposed or pending investigation of it by any governmental authority or agency, or (2) any court or administrative proceeding, which involves or may involve the possibility of materially and adversely affecting the properties, business, prospects, profits or condition (financial or otherwise) of the Originator, a written notice specifying the nature of such investigation or proceeding and what action the Originator is taking or proposes to take with respect thereto and evaluating its merits;

Report on Proceedings. promptly upon the Originator Originator's becoming --------------------- aware of (1) any proposed or pending investigation of it by any governmental authority or agency, or (2) any court or administrative proceeding, which involves or may involve the possibility of materially and adversely affecting the properties, business, prospects, profits or condition (financial or otherwise) of the Originator, a written notice specifying the nature of such investigation or proceeding and what action the Originator is taking or proposes to take with respect thereto and evaluating its merits;

Report on Proceedings. promptly upon the Originator becoming --------------------- aware ofof --------------------- (1) any proposed or pending investigation of it by any governmental authority or agency, or (2) any court or administrative proceeding, which involves or may involve the possibility of materially and adversely affecting the properties, business, prospects, profits or condition (financial or otherwise) of the Originator, a written notice specifying the nature of such investigation or proceeding and what action the Originator is taking or proposes to take with respect thereto and evaluating its merits;