Adverse Conditions or Events. Promptly advise Guarantor in writing of (i) any condition, event or act which comes to its attention that would or might materially adversely affect the Guarantor’s rights under this Agreement or the Warrant, (ii) any litigation in excess of $500,000 is filed by or against Company or (iii) any event that has occurred that would constitute an event of default under the Loan Agreement.
Adverse Conditions or Events. Promptly advise Lender in writing of (i) any condition, event or act which comes to its attention that would or might materially adversely affect such Borrower's financial condition or operations or Lender's rights under the Loan Documents, (ii) any litigation filed by or against such Borrower, (iii) any event that has occurred that would constitute an event of default under any Loan Documents and (iv) any uninsured or partially uninsured loss through fire, theft, liability or property damage in excess of an aggregate of $50,000.00.
Adverse Conditions or Events. Promptly advise Bank in writing of (i) any condition, event or act which comes to its attention that would or might materially adversely affect Borrower's financial condition or operations, the Collateral, or Bank's rights under the Loan Documents, (ii) any litigation filed by or against Borrower exceeding $50,000, (iii) any event that has occurred that would constitute an event of default under any Loan Documents and (iv) any uninsured or partially uninsured loss through fire, theft, liability or property damage in excess of an aggregate of $25,000.00.
Adverse Conditions or Events. Promptly advise Lender in writing of (i) any condition, event or act which comes to its attention that Borrower reasonably believes is likely to have a Material Adverse Effect, (ii) any litigation filed by or against Borrower, an adverse outcome of which could reasonably be expected to have a Material Adverse Effect on Borrower, (iii) any event that has occurred that would constitute an event of default under any Loan Documents and (iv) any uninsured loss of Collateral through fire, theft, liability or property damage in excess of an aggregate of $500,000.00.
Adverse Conditions or Events. Promptly advise Bank in writing of (i) any condition, event or act which comes to its attention that would or might materially adversely affect Borrower's or any Subsidiary's financial condition or operations or Bank's rights under the Loan Documents, (ii) any material litigation filed by or against Borrower or any Subsidiary, (iii) any event that has occurred that would constitute an event of default under any Loan Documents and (iv) any uninsured or partially uninsured loss through fire, theft, liability or property damage in excess of an aggregate of Five Hundred Thousand and No/100 Dollars ($500,000.00).
Adverse Conditions or Events. Promptly advise Lender in writing of (i) any condition, event or act which comes to its attention that would or might materially adversely affect Borrower's financial condition or operations, the collateral from time to time securing the Loan, or Lender's rights under the Loan Documents, (ii) any litigation filed by or against any Loan Party in which the amount in controversy exceeds $100,000, (iii) the occurrence of any Event of Default, or of any Potential Default, or the failure of any Loan Party to observe any of its undertakings hereunder or under any of the other Loan Documents, (iv) any uninsured or partially uninsured loss through fire, theft, liability or property damage in excess of an aggregate of $100,000, (v) any actual, proposed or threatened testing or other investigation by any governmental authority or other Person concerning the environmental condition of or relating to, any of the Mortgaged Properties or the release of any Hazardous Materials by or from, affecting or related to any of the Mortgaged Properties (except such releases as are made in accordance with applicable environmental laws), (vi) any material change in any information set forth in the Property Certificate(s) previously delivered to Lender, including without limitation, the name and address of any new or additional first purchaser of hydrocarbons, and (vii) any circumstances that constitute grounds entitling the PBGC to institute proceedings to terminate a Plan subject to ERISA, and the receipt of any notice to Borrower or any Commonly Controlled Entity that the PBGC intends to terminate a Plan, and the receipt of notice concerning the imposition of withdrawal liability in excess of $10,000 with respect to Borrower or any Commonly Controlled Entity.
Adverse Conditions or Events. Promptly advise Bank in writing of (i) any condition, event or act which comes to its attention that would or might materially adversely affect Borrower's or any of Borrower's Subsidiary's financial condition or operations or Bank's rights under the Loan Documents, (ii) any litigation filed by or against Borrower or any Subsidiary of Borrower, (iii) any event that has occurred that would constitute an event of default under any Loan Documents, (iv) any uninsured or partially uninsured loss through fire, theft, liability or property damage, and (v) any actual or potential contingent liability which singly or in the aggregate with all other actual or potential contingent liabilities could equal or exceed $500,000.
Adverse Conditions or Events. Promptly advise Bank in writing of (i) any condition, event or act which comes to its attention that would or might materially adversely affect Borrower's, Subsidiary's or any Guarantor's financial condition or operations or Bank's rights under the Loan Documents, (ii) any material litigation filed by or against Borrower, Subsidiary or any Guarantor, (iii) any event that has occurred that would constitute an event of default under any Loan Documents and (iv) any uninsured or partially uninsured loss through fire, theft, liability or property damage in excess of an aggregate of Five Hundred Thousand and No/100 Dollars ($500,000.00).
Adverse Conditions or Events. Debtor and the Subsidiaries shall promptly advise Secured Party in writing of any litigation filed against Debtor or any Subsidiary and of any condition, event or act which comes to its attention that would or might have a material adverse effect on Debtor's or any Subsidiary's financial condition or on Debtor's ability to perform the Obligations or any Subsidiary's ability to perform under its guaranty agreement executed in favor of Secured Party with respect to the Obligations, including without limitation any Environmental Condition that might have such a material adverse effect the financial condition of Debtor or any Subsidiary, any Reportable Event, or any event that could be the basis for institution of proceedings by the Pension Benefit Guaranty Corporation to terminate a plan subject to ERISA.
Adverse Conditions or Events. Borrower agrees to promptly notify Lender in writing of (a) the institution of or any adverse determination in any litigation, arbitration or governmental proceeding filed by or against Borrower, (b) the occurrence of any event which would constitute an Event of Default under this Loan Agreement, (c) any material uninsured or partially uninsured loss through fire, theft, liability or property damage, and (d) any other condition, event or act that would or might adversely affect Borrower's financial condition or operations, the Collateral or Lender's rights under the Loan Documents, describing the same and the steps being taken with respect thereto.
