Common use of Litigation Reports Clause in Contracts

Litigation Reports. With the annual financial statements furnished to the Agent under Section 5.1(b), reports by counsel to Borrower describing all Litigation affecting Borrower or any of its Property; and if a significant change in Litigation occurs or additional Litigation is threatened or commenced during a Fiscal Quarter, with the quarterly financial statements furnished to the Agent under Section 5.1(a) for such Fiscal Quarter, reports by counsel to Borrower describing such changes in or additions to Litigation since the date of the Litigation report most recently furnished to the Agent;