Common use of Additional Notification Clause in Contracts

Additional Notification. Borrower will notify Lender of significant events as to Borrower, its assets and its business, including without limitation any event causing material loss or depreciation in value of Borrower's properties or assets by reason of casualty or any other cause. Further, Borrower will notify Lender of any change in its structure, the name under which Borrower conducts its business or any material portion thereof, or any change in the ownership of any material portion of Borrower's business, properties or assets.