Litigation Notice. Give the Bank prompt written notice of any action, suit or proceeding at law or in equity or by or before any governmental instrumentality or other agency, the outcome of which might materially adversely affect the operations or financial condition of any Borrower.
Appears in 3 contracts
Samples: Revolving Credit Loan and Security Agreement (Deer Valley Corp), Revolving Credit Loan and Security Agreement (Deer Valley Corp), Revolving Credit Loan and Security Agreement (Deer Valley Corp)
Litigation Notice. Give the Bank prompt written notice of any action, suit or proceeding at law or in equity or by or before any governmental instrumentality or other agency, the outcome of which might materially adversely affect the operations or financial condition of any Borrowerthe Borrower or the Guarantor. The Bank has been given notice by Borrower of the currently pending litigation described in Exhibit "B" attached hereto.
Appears in 2 contracts
Samples: Revolving Bridge Loan and Security Agreement (Deer Valley Corp), Revolving Bridge Loan and Security Agreement (Deer Valley Corp)
Litigation Notice. Give the Bank prompt written notice of any action, suit or proceeding at law or in equity or by or before any governmental instrumentality or other agency, the outcome of which might materially adversely affect the operations or financial condition of any the Borrower. The Bank has been given notice by Borrower of the currently pending litigation described in the SEC Reports.
Appears in 2 contracts
Samples: Credit Loan and Security Agreement, Loan and Security Agreement (Odyssey Marine Exploration Inc)
Litigation Notice. Give the Bank prompt written notice of any ------------------ action, suit or proceeding at law or in equity or by or before any governmental instrumentality or other agency, the outcome of which might materially adversely affect the operations or financial condition of any Borrowerthe Borrower or the Guarantor. The Bank has been given notice by Borrower of the currently pending litigation described in EXHIBIT "B" attached hereto.
Appears in 1 contract
Samples: Revolving Credit Loan and Security Agreement (Cytation Corp)
Litigation Notice. Give the Bank prompt written notice of any action, suit or proceeding at law or in equity or by or before any governmental instrumentality or other agency, the outcome of which might materially adversely affect the operations or financial condition of any Borrowerthe Borrower or the Guarantor. The Bank has been given notice by Guarantor of the currently pending litigation described in Exhibit "B" attached hereto.
Appears in 1 contract
