Common use of Report on Proceedings Clause in Contracts

Report on Proceedings. promptly upon the Company's becoming aware of (i) any proposed or pending investigation of it by any governmental authority or agency, or (ii) any pending or proposed 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 Company the Company shall deliver to the Trustee a written notice specifying the nature of such investigation or proceeding and what action the Company is taking or proposes to take with respect thereto and evaluating its merits.

Report on Proceedings. promptly Promptly upon the Company's becoming aware of of (i) any proposed or pending investigation of it by any governmental authority or agency, or ; or (ii) any pending or proposed 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 Company Company, the Company shall deliver to the Trustee a written notice specifying the nature of such investigation or proceeding and what action the Company is taking or proposes to take with respect thereto and evaluating its merits.

Report on Proceedings. promptly upon the Company's becoming aware of: (i) any proposed or pending investigation of it by any governmental authority or agency, ; or (ii) any pending or proposed 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 Company Company; the Company shall deliver to the Trustee a written notice specifying the nature of such investigation or proceeding and what action the Company is taking or proposes to take with respect thereto and evaluating its merits.