Common use of Litigation, Arbitration or Government Investigation Clause in Contracts

Litigation, Arbitration or Government Investigation. Promptly upon Borrower obtaining knowledge of (i) the institution of, or written threat of, any material Proceeding against or affecting Borrower or the Property not previously disclosed in writing by Borrower to Lender pursuant to this Section 6.1(f), including any eminent domain or other condemnation proceedings affecting the Property, or (ii) any material development in any Proceeding already disclosed, which, in either case, has a Material Adverse Effect, a notice thereof to Lender and such other information as may be reasonably available to it to enable Lender and its counsel to evaluate such matters.

Appears in 14 contracts

Samples: Loan Agreement (KBS Real Estate Investment Trust, Inc.), Loan Agreement (KBS Real Estate Investment Trust II, Inc.), Loan Agreement (KBS Real Estate Investment Trust, Inc.)

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Litigation, Arbitration or Government Investigation. Promptly upon Borrower obtaining knowledge of (i) the institution of, or written threat of, any material Proceeding against or affecting Borrower, Senior Borrower or the Property not previously disclosed in writing by Borrower to Lender pursuant to this Section 6.1(f10.1(g), including any eminent domain or 39 other condemnation proceedings affecting the Property, or (ii) any material development in any Proceeding already disclosed, which, in either case, has a Material Adverse Effect, a notice thereof to Lender and such other information as may be reasonably available to it to enable Lender and its counsel to evaluate such matters.

Appears in 1 contract

Samples: Loan Agreement (KBS Strategic Opportunity REIT, Inc.)

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Litigation, Arbitration or Government Investigation. Promptly upon Borrower obtaining knowledge of (i) the institution of, or written threat of, any material Proceeding against or affecting Borrower or the Property any of its Subsidiaries not previously disclosed in writing by Borrower to Lender Agent pursuant to this Section 6.1(f)6.1.8, including any eminent domain or other condemnation proceedings affecting the any Unencumbered Pool Property, or (ii) any material development in any Proceeding already disclosed, which, in either case, has a Material Adverse EffectEffect on Borrower, a notice thereof to Lender Agent and such other information as may be reasonably available to it to enable Lender Agent, Lenders and its their counsel to evaluate such matters.

Appears in 1 contract

Samples: Credit Agreement (Pacific Gulf Properties Inc)

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