Future Condition. Notify the Bank, in writing, immediately of (i) the institution of any litigation; (ii) the commencement of any administrative proceedings; or (iii) the happening of any event which would materially adversely affect the business operations or financial condition of the Borrower or any Subsidiary.
Appears in 1 contract
Sources: Revolving Credit Loan Agreement (Integrated Circuit Systems Inc)
Future Condition. Notify the Bank, in writing, immediately of (i) the institution of any litigation; (ii) the commencement of any administrative proceedings; or (iii) the happening of any event which would materially adversely affect the business operations or financial condition of the Borrower Borrower, any Subsidiary, or any SubsidiaryGuarantor.
Appears in 1 contract
Sources: Business Line of Credit Loan Agreement (Avangard Capital Group, Inc)