Furnish to Lender notice of. (i) any development related to the business, financial condition, properties or assets of Borrower or Guarantor, that would have or has a materially adverse affect on such business, financial condition, properties or assets, or ability to perform their obligations under this Agreement and (ii) any material and adverse litigation or investigation to which either of them may be a party.
Appears in 6 contracts
Samples: Loan and Security Agreement (Thaxton Group Inc), Loan and Security Agreement (American Business Financial Services Inc /De/), Loan and Security Agreement (Finantra Capital Inc)
Furnish to Lender notice of. (i) any development related to the business, financial condition, properties or assets of Borrower or Guarantor, that would have or has a materially adverse affect effect on such business, financial condition, properties or assets, or ability to perform their obligations under this Agreement and (ii) any material and adverse litigation or investigation to which either of them may be a party.
Appears in 3 contracts
Samples: Loan and Security Agreement (Smart Choice Automotive Group Inc), Loan and Security Agreement (Crown Group Inc /Tx/), Loan and Security Agreement (Smart Choice Automotive Group Inc)
Furnish to Lender notice of. (i) any development related to the business, financial condition, properties or assets of Borrower or GuarantorBorrower, that would have or has a materially adverse affect effect on such business, financial condition, properties or assets, or ability to perform their obligations under this Agreement and (ii) any material and adverse litigation or investigation to which either of them may be a party.
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Furnish to Lender notice of. (i) any development related to the business, financial condition, properties or assets of Borrower or Guarantor, that would have or has a materially adverse affect on such business, financial condition, properties or assets, or ability to perform their obligations under this Agreement and (ii) any material and adverse litigation or investigation to which either of them may be a party.or
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