Common use of Material Changes and Litigation Clause in Contracts

Material Changes and Litigation. The Company shall promptly notify the Investor Stockholders of any material adverse change in the business, assets or condition, financial or otherwise, of the Company, of any defaults by the Company under any material contracts to which the Company is a party, and of any litigation or governmental proceeding or investigation brought or, to the best of the Company’s knowledge, threatened against the Company, any officer, director, key employee or principal stockholder of the Company which, if adversely determined, would materially adversely affect the Company or its business, prospects, assets or condition, financial or otherwise.

Material Changes and Litigation. The Company shall promptly notify the Investor Stockholders Investors of any material adverse change in the business, prospects, assets or condition, financial or otherwise, of the Company, of any defaults by the Company under any material contracts to which the Company is a party, and of any litigation or governmental proceeding or investigation brought or, to the best of the Company’s 's knowledge, threatened against the Company, any officer, director, key employee or principal stockholder Stockholder of the Company materially adversely affecting or which, if adversely determined, would materially adversely affect the Company or its business, prospects, assets or condition, financial or otherwise.

Material Changes and Litigation. The Company shall promptly notify the Investor Significant Stockholders of (a) any material adverse change in the business, prospects, assets or condition, financial or otherwise, of the Company, of any defaults by the Company under any material contracts to which the Company is a party, and of (b) any litigation or governmental proceeding or investigation brought or, to the best of the Company’s 's knowledge, threatened against the Company, or against any Founder, officer, director, key employee or principal stockholder of the Company which, if adversely determined, would materially adversely affect could reasonably be expected to have a material adverse effect on the Company or its business, prospects, assets or condition, financial or otherwiseCompany.

Material Changes and Litigation. The Company shall will promptly notify -------- ------- --- ---------- the Investor Stockholders Investors of any material adverse change in the business, properties, assets or condition, financial or otherwise, of the Company, of any defaults by the Company under any material contracts to which the Company is a party, and of any litigation or governmental proceeding or investigation brought pending or, to the best knowledge of the Company’s knowledge, threatened against the Company, or against any officer, director, key employee or principal stockholder shareholder of the Company materially affecting or which, if adversely determined, would materially adversely affect the Company its present or its proposed business, prospectsproperties, or assets or condition, financial or otherwisetaken as a whole.

Material Changes and Litigation. The Company shall will promptly notify the Investor Stockholders ------------------------------- Preferred Shareholders of any material adverse change in the business, properties, assets or condition, financial or otherwise, of the Company, of any defaults by the Company under any material contracts to which the Company is a party, and of any litigation or governmental proceeding or investigation brought pending or, to the best knowledge of the Company’s knowledge, threatened against the Company, or against any officer, director, key employee or principal stockholder shareholder of the Company materially affecting or which, if adversely determined, would materially adversely affect the Company its present or its proposed business, prospectsproperties, or assets or condition, financial or otherwisetaken as a whole.

Material Changes and Litigation. The Company shall promptly notify the each Investor Stockholders of any material adverse change in the business, prospects, assets or condition, financial or otherwise, of the Company, of any defaults by the Company under any material contracts to which the Company is a party, and of any litigation or governmental proceeding or investigation brought or, to the best of the Company’s knowledge, threatened against the Company, or against any officer, director, key employee or principal stockholder of the Company whichthat materially adversely affects or that, if adversely determined, would could reasonably be expected to materially adversely affect the Company or its business, prospects, assets or condition, financial or otherwise.

Material Changes and Litigation. The Company shall promptly notify the Investor Significant Stockholders of (a) any material adverse change in the business, prospects, assets or condition, financial or otherwise, of the Company, of any defaults by the Company under any material contracts to which the Company is a party, and of (b) any litigation or governmental proceeding or investigation brought or, to the best of the Company’s 's knowledge, threatened against the Company, or against any Founder, officer, director, key employee or principal stockholder of the Company which, if adversely determined, would materially adversely affect which could reasonably be expected to have a material adverse effect on the Company or its business, prospects, assets or condition, financial or otherwiseCompany.

Material Changes and Litigation. The Company shall ------------------------------- promptly notify the Investor Questar Stockholders of any material adverse change in the business, prospects, assets or condition, financial or otherwise, of the Company, of any defaults by the Company under any material contracts to which the Company is a party, and of any litigation or governmental proceeding or investigation brought or, to the best of the Company’s 's knowledge, threatened against the Company, or against any officer, director, or key employee or principal stockholder of the Company which, if adversely determined, would materially adversely affect have a material adverse effect on the Company or its business, prospects, assets or condition, condition (financial or otherwise) of the Company.

Material Changes and Litigation. The Company shall will promptly notify the Investor Stockholders Preferred Shareholders of any material adverse change in the business, properties, assets or condition, financial or otherwise, of the Company, of any defaults by the Company under any material contracts to which the Company is a party, and of any litigation or governmental proceeding or investigation brought pending or, to the best knowledge of the Company’s knowledge, threatened against the Company, or against any officer, director, key employee Key Employee or principal stockholder of the Company Company, which materially affects or which, if adversely determined, would materially adversely affect the Company its present or its business, prospectsproposed business properties, assets or condition, financial or otherwisecondition taken as a whole.