Common use of Adverse Conditions or Events Clause in Contracts

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 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 ’s financial condition condition, reputation or operations or Lender's ’s rights under the Loan Documents, (ii) any litigation in excess of $50,000 is 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 $50,000.0010,000.00.

Adverse Conditions or Events. Promptly advise the Lender in writing of (i) any condition, event or act which comes to its attention that would or might materially adversely affect such the Borrower's financial condition or operations or the Lender's rights under the Loan Documents, (ii) any litigation filed by or against such the 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 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 ’s financial condition or operations or Lender's ’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 $50,000.00250,000.