Common use of Litigation; Adverse Changes Clause in Contracts

Litigation; Adverse Changes. The Borrower will promptly notify the Bank in writing of (a) any event which, if existing at the date hereof, would require a material qualification of the representations and warranties set forth in Section 3.11 and (b) any material adverse change in the condition, business, or prospects, financial or otherwise, of the Borrower.

Appears in 2 contracts

Sources: Reimbursement Agreement (Core Materials Corp), Reimbursement Agreement (Core Molding Technologies Inc)

Litigation; Adverse Changes. The Borrower will promptly --------------------------- notify the Bank in writing of (a) any event which, if existing at the date hereof, would require a material qualification of the representations and warranties set forth in Section 3.11 3.6 and (b) any material adverse change in the condition, business, or prospects, financial or otherwise, of the Borrower.

Appears in 1 contract

Sources: Reimbursement Agreement (Aerovox Inc)

Litigation; Adverse Changes. The Borrower will promptly notify the Bank in writing of (a) any event which, if existing at the date hereof, would require a material qualification of the representations and warranties set forth in Section 3.11 Sections 3.10 and 3.13 and (b) any material adverse change in the condition, business, or prospects, financial or otherwise, of the Borrower.

Appears in 1 contract

Sources: Letter of Credit Reimbursement Agreement (Spurlock Industries Inc)