Common use of Notice of Litigation Clause in Contracts

Notice of Litigation. Promptly after the commencement thereof, notice of all actions, suits, and proceedings before any Governmental Authority or arbitrator affecting the Borrower or any Subsidiary which, if determined adversely to the Borrower or such Subsidiary, could reasonably be expected to have a Material Adverse Effect;

Appears in 13 contracts

Samples: Credit Agreement (Ezcorp Inc), Credit Agreement (Ezcorp Inc), Loan Agreement (Spacehab Inc \Wa\)

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Notice of Litigation. Promptly after receipt of notice of the commencement thereof, notice of all actions, suits, and proceedings before any Governmental Authority or arbitrator Authority, affecting the Borrower or any Restricted Subsidiary which, if determined adversely to the Borrower or such any Restricted Subsidiary, could reasonably be expected to have result in a Material Adverse Effect;Change.

Appears in 10 contracts

Samples: Credit Agreement and Guaranty (Hampshire Group LTD), Credit Agreement and Guaranty (Hampshire Group LTD), Credit Agreement and Guaranty (Hampshire Group LTD)

Notice of Litigation. Promptly after the commencement thereof, notice of all actions, suits, and proceedings before any Governmental Authority court or arbitrator governmental department, commission, board, bureau, agency, or instrumentality, domestic or foreign, affecting the Borrower or any Subsidiary which, if determined adversely to the Borrower or such Subsidiary, could reasonably be expected to have a Material Adverse Effectmaterial adverse effect on the financial condition, properties, or operations of the Borrower or such Subsidiary;

Appears in 9 contracts

Samples: Term Loan Agreement (Community Bankshares Inc /Ga/), Loan Agreement (Bankatlantic Bancorp Inc), Term Loan Agreement (Community Bankshares Inc /Ga/)

Notice of Litigation. Promptly after the commencement thereof, notice of all actions, suits, and proceedings before any Governmental Authority or arbitrator affecting the Borrower or any Subsidiary which, if determined adversely to the Borrower or such Subsidiary, could reasonably be expected to have a Material Adverse Effectmaterial adverse effect on the business, condition (financial or otherwise), operations, prospects, or properties of the Borrower or such Subsidiary;

Appears in 8 contracts

Samples: Loan Agreement (Rf Monolithics Inc /De/), Credit Agreement (Home Solutions of America Inc), Loan Agreement (Rf Monolithics Inc /De/)

Notice of Litigation. Promptly after the commencement thereof, notice of all actions, suits, and proceedings before any Governmental Authority or arbitrator affecting the Borrower or any Subsidiary of its Subsidiaries which, if determined adversely to the Borrower or such Subsidiary, could reasonably be expected to have a Material Adverse EffectEvent;

Appears in 7 contracts

Samples: Credit Agreement (Century Communities, Inc.), Credit Agreement (Victory Energy Corp), Credit Agreement (Century Communities, Inc.)

Notice of Litigation. Promptly after the commencement thereof, notice of the commencement of all actions, suits, and suits or proceedings before any Governmental Authority court, arbitrator, or arbitrator governmental department, commission, board, bureau, agency or instrumentality affecting the Borrower or any Subsidiary which, if determined adversely to the Borrower or such Subsidiarydetermined, could reasonably be expected to have a Material Adverse Effect;

Appears in 7 contracts

Samples: Loan Contract (Oglethorpe Power Corp), Loan Contract (Oglethorpe Power Corp), Loan Contract (Oglethorpe Power Corp)

Notice of Litigation. Promptly after the commencement thereof, notice of all actions, suits, and proceedings before any Governmental Authority or arbitrator affecting the Borrower or any Subsidiary of its Subsidiaries which, if determined adversely to the Borrower or such Subsidiary, could reasonably be expected to have be a Material Adverse EffectEvent;

Appears in 7 contracts

Samples: Credit Agreement (Bgsf, Inc.), Credit Agreement (Bgsf, Inc.), Credit Agreement (Bgsf, Inc.)

Notice of Litigation. Promptly after the commencement thereof, notice of all actions, suits, and proceedings before any Governmental Authority court or arbitrator governmental department, commission, board, bureau, agency, or instrumentality, domestic or foreign, affecting the Borrower or any Subsidiary Borrower, which, if determined adversely to the Borrower or such SubsidiaryBorrower, could reasonably be expected to have a Material Adverse Effectmaterial adverse effect on the financial condition, properties, or operations of Borrower;

Appears in 6 contracts

Samples: Revolving Credit and Term Loan Agreement (Xeta Technologies Inc), Agented Credit Agreement (Orchids Paper Products CO /DE), Guaranty Agreement (Adera Mines LTD)

Notice of Litigation. Promptly after the commencement thereof, notice of all actions, suits, and proceedings before any Governmental Authority or arbitrator affecting the Borrower or any Subsidiary of its Subsidiaries which, if determined adversely to the Borrower or such Subsidiary, could reasonably be expected to have result in a Material Adverse EffectEvent;

Appears in 5 contracts

Samples: Credit Agreement (Granite Ridge Resources, Inc.), Credit Agreement (Granite Ridge Resources, Inc.), Credit Agreement (Cryo Cell International Inc)

Notice of Litigation. Promptly after the commencement thereof, notice of all actions, suits, and proceedings before any Governmental Authority court or arbitrator governmental department, commission, board, bureau, agency, or instrumentality, domestic or foreign, affecting the Borrower or any Subsidiary which, if determined adversely to the Borrower or such Subsidiary, could reasonably be expected to have a Material Adverse Effect;material adverse effect on the financial condition, properties, or operations of Borrower.

Appears in 5 contracts

Samples: Loan and Security Agreement (Viewcast Com Inc), Exchange Agreement (Viewcast Com Inc), Loan and Security Agreement (Viewcast Com Inc)

Notice of Litigation. Promptly after the commencement thereof, notice of all actions, suits, and proceedings before any Governmental Authority or arbitrator affecting the Borrower or any Subsidiary which, if determined adversely to the Borrower or such Subsidiary, could reasonably be expected to have a Material Adverse EffectEffect on the Borrower or such Subsidiary;

Appears in 4 contracts

Samples: Loan Agreement (Quest Resource Holding Corp), Loan Agreement (Quest Resource Holding Corp), Loan Agreement (Pizza Inn Holdings, Inc /Mo/)

Notice of Litigation. Promptly after the commencement thereof, notice of all actions, suits, investigations (with respect to investigations only, of which the Borrower has actual knowledge) and proceedings before any Governmental Authority or arbitrator affecting the Borrower or any Subsidiary which, if determined adversely to the Borrower or such Subsidiary, could which would reasonably be expected to have a Material Adverse Effect;

Appears in 4 contracts

Samples: Credit Agreement (Bank One Corp), Credit Agreement (Darling International Inc), Credit Agreement (Darling International Inc)

Notice of Litigation. Proceedings. Promptly after the commencement thereof, notice of all actions, suits, investigations and proceedings before any Governmental Authority court or arbitrator governmental department, commission, board, bureau, agency or instrumentality, domestic or foreign, affecting the Borrower or any Subsidiary whicha Borrower, that, if determined adversely to the Borrower or such SubsidiaryBorrower, could reasonably be expected to have a Material Adverse Effect;

Appears in 3 contracts

Samples: Loan and Security Agreement (Global Defense Technology & Systems, Inc.), Loan and Security Agreement (Global Defense Technology & Systems, Inc.), Loan and Security Agreement (Global Defense Technology & Systems, Inc.)

Notice of Litigation. Promptly after the commencement thereof, notice of all actions, suits, suits and proceedings before any Governmental Authority or arbitrator affecting the against Borrower or any Subsidiary which, if determined adversely to the Borrower or such Subsidiary, which could reasonably be expected to have a Material Adverse Effect;.

Appears in 3 contracts

Samples: Loan Agreement (Sharps Compliance Corp), Credit Agreement (Remote Knowledge Inc), Loan Agreement (Sharps Compliance Corp)

Notice of Litigation. Promptly after the commencement thereof, notice of all actions, suits, and proceedings before any Governmental Authority or arbitrator affecting the Borrower or any Subsidiary which, if determined adversely to the Borrower or such Subsidiary, could reasonably be expected to have a Material Adverse Effectmaterial adverse effect on the business, condition (financial or otherwise), operations, prospects, or properties of Borrower or such Subsidiary;

Appears in 3 contracts

Samples: Loan Agreement (Dgse Companies Inc), Loan Agreement (Dgse Companies Inc), Loan Agreement (Coolbrands International Inc)

Notice of Litigation. Promptly after the commencement thereof, notice of all actions, suits, suits and proceedings before any Governmental Authority or arbitrator affecting the against Borrower or any Subsidiary whichas to which there is a reasonable possibility of an adverse determination and that, if determined adversely to the Borrower or such Subsidiarydetermined, could reasonably be expected is likely to have a Material Adverse Effect;.

Appears in 3 contracts

Samples: Credit Agreement (Insperity, Inc.), Credit Agreement (Insperity, Inc.), Credit Agreement (Insperity, Inc.)

Notice of Litigation. Promptly after the commencement thereof, notice of all actions, suits, suits and proceedings before any Governmental Authority or arbitrator affecting the against Borrower or any Subsidiary which, if determined adversely to the Borrower or such Subsidiary, Guarantor which could reasonably be expected to have a Material Adverse Effect;.

Appears in 2 contracts

Samples: Loan Agreement (HC Government Realty Trust, Inc.), Loan Agreement (HG Holdings, Inc.)

Notice of Litigation. Promptly after the commencement thereof, notice of all actions, suits, and proceedings before any Governmental Authority or arbitrator affecting the either Borrower or any Subsidiary which, if determined adversely to the either Borrower or such Subsidiary, could reasonably be expected to have a Material Adverse Effect;

Appears in 2 contracts

Samples: Security Agreement (Nelnet Inc), Security Agreement (Nelnet Inc)

Notice of Litigation. Promptly after the commencement thereof, notice of all actions, suits, suits and proceedings before any Governmental Authority court or arbitrator governmental department, commission, board, agency or instrumentality, domestic or foreign, affecting the Borrower any Borrower, any Guarantor or any Subsidiary which, which if determined concluded adversely to the Borrower or such Subsidiary, could Person might reasonably be expected to have a Material Adverse Effect;.

Appears in 2 contracts

Samples: Loan Agreement (Oyo Geospace Corp), Loan Agreement (Oyo Geospace Corp)

Notice of Litigation. Promptly after the commencement thereof, notice of all actions, suits, investigations (with respect to investigations only, of which the Borrower has actual knowledge) and proceedings before any Governmental Authority or arbitrator affecting the Borrower or any Subsidiary which, if determined adversely to the Borrower or such Subsidiary, which could reasonably be expected to have a Material Adverse Effect;

Appears in 2 contracts

Samples: Security Agreement (Darling International Inc), Credit Agreement (Blanch E W Holdings Inc)

Notice of Litigation. Promptly after the commencement thereof, notice of all actions, suits, and proceedings before any Governmental Authority or arbitrator affecting the Borrower or any Subsidiary which, if determined adversely to the Borrower or such Subsidiary, could reasonably be expected to have a Material Adverse Effect;

Appears in 2 contracts

Samples: Loan Agreement (Uici), Loan Agreement (Uici)

Notice of Litigation. Promptly after the commencement thereof, notice of all actions, suits, and proceedings before any Governmental Authority or arbitrator affecting the any Borrower or any Subsidiary of its Subsidiaries which, if determined adversely to the such Borrower or such Subsidiary, could reasonably be expected to have a Material Adverse Effect;

Appears in 2 contracts

Samples: Credit Agreement and Guaranty (Maxwell W Keith III), Credit Agreement and Guaranty (Via Renewables, Inc.)

Notice of Litigation. Promptly after the commencement thereof, notice of all actions, suits, and proceedings before any Governmental Authority or arbitrator affecting the any Borrower or any Subsidiary which, if determined adversely to the any Borrower or such Subsidiary, could reasonably be expected to have a Material Adverse Effect;

Appears in 2 contracts

Samples: Credit Agreement (Transcoastal Marine Services Inc), Credit Agreement (Transcoastal Marine Services Inc)

Notice of Litigation. Promptly after the commencement thereof, notice of all actions, suits, and proceedings before any Governmental Authority or arbitrator Authority, affecting the Borrower or any Consolidated Subsidiary which, if determined adversely to the Borrower or such any Consolidated Subsidiary, could reasonably be expected to have result in a Material Adverse EffectChange;

Appears in 2 contracts

Samples: Credit Agreement and Guaranty (Hampshire Group LTD), Credit Agreement and Guaranty (Hampshire Group LTD)

Notice of Litigation. Promptly after the commencement thereof, notice of all actions, suits, arbitration and any other proceedings before any Governmental Authority or arbitrator Authority, affecting the Borrower or any Subsidiary which, if determined adversely to the Borrower or such any Subsidiary, could reasonably be expected to have result in a Material Adverse Effect;.

Appears in 2 contracts

Samples: Credit Agreement (CHS Inc), Credit Agreement (CHS Inc)

Notice of Litigation. Promptly after the commencement thereof, notice of all actions, suits, and proceedings before any Governmental Authority Tribunal or arbitrator affecting the Borrower or any Subsidiary which, if determined adversely to the Borrower or such Subsidiary, could reasonably be expected to have a Material Adverse Effect;

Appears in 2 contracts

Samples: Loan Agreement (Penson Worldwide Inc), Loan Agreement (Penson Worldwide Inc)

Notice of Litigation. Promptly after receipt by the Borrower or -------------------- any Subsidiary of notice of the commencement thereof, notice of all actions, suits, and proceedings before any Governmental Authority or arbitrator affecting the Borrower or any Subsidiary which, if determined adversely to the Borrower or such Subsidiary, could reasonably be expected to have a Material Adverse Effect;

Appears in 2 contracts

Samples: Credit Agreement (Imperial Financial Group Inc), Credit Agreement (Imperial Financial Group Inc)

Notice of Litigation. Promptly after the commencement thereof, notice of the commencement of all actions, suits, and suits or proceedings before any Governmental Authority court, arbitrator, or arbitrator governmental department, commission, board, bureau, agency or instrumentality affecting the Borrower or any Subsidiary which, if determined adversely to the Borrower or such Subsidiary, which could reasonably be expected to have a Material Adverse Effect;; (c)

Appears in 1 contract

Samples: Loan Contract (Oglethorpe Power Corp)

Notice of Litigation. Promptly after the commencement thereof, notice of all actions, suits, and proceedings before any Governmental Authority or arbitrator affecting the Borrower or any Subsidiary which, if determined adversely to the Borrower or such Subsidiary, could reasonably be expected to have a Material Adverse Effect;

Appears in 1 contract

Samples: Credit Agreement (Universal Power Group Inc.)

Notice of Litigation. Promptly after the commencement thereof, notice of all actions, suits, suits and proceedings before any Governmental Authority or arbitrator Tribunal affecting the a Borrower or any Subsidiary Any Subsidiary, which, in the reasonable opinion of the Borrowers, if determined adversely adversely, is reasonably likely to have a material adverse effect on the financial condition, properties or operations of such Borrower or such Subsidiary, could reasonably be expected to have a Material Adverse Effect;

Appears in 1 contract

Samples: Loan and Security Agreement (Spacehab Inc \Wa\)

Notice of Litigation. Promptly after the commencement thereof, notice of all actions, suits, and proceedings before any Governmental Authority or arbitrator affecting the Borrower or any Subsidiary of its Subsidiaries which, if determined adversely to the Borrower or such Subsidiary, could reasonably be expected to have a Material Adverse Effect;.

Appears in 1 contract

Samples: Term Loan Agreement (Pillowtex Corp)

Notice of Litigation. Promptly after the commencement thereof, -------------------- notice of all actions, suits, and proceedings before any Governmental Authority or arbitrator affecting the Borrower or any Subsidiary which, if determined adversely to the Borrower or such Subsidiary, could reasonably be expected to result in a judgment greater than $250,000 or have a Material Adverse Effect;

Appears in 1 contract

Samples: Credit Agreement (Learningstar Inc)

Notice of Litigation. Promptly after the commencement thereof, notice of all actions, suits, and proceedings before any Governmental Authority or arbitrator affecting the any Borrower or any Subsidiary of its Subsidiaries which, if determined adversely to the such Borrower or such Subsidiary, could reasonably be expected to have a Material Adverse EffectEvent;

Appears in 1 contract

Samples: Credit Agreement (Sunnova Energy International Inc.)

Notice of Litigation. Promptly after the commencement thereof, notice of all actions, suits, suits and proceedings before any Governmental Authority or arbitrator Tribunal affecting the Borrower or any Subsidiary an Subsidiary, which, in the reasonable opinion of the Borrower, if determined adversely to adversely, could have a material adverse effect on the financial condition, properties or operations of the Borrower or such Subsidiary, could reasonably be expected to have a Material Adverse Effect;

Appears in 1 contract

Samples: Loan and Security Agreement (Dunn Computer Corp)

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Notice of Litigation. Promptly after the commencement thereof, notice of all actions, suits, and proceedings before any Governmental Authority or arbitrator affecting the Borrower or any Subsidiary of its Affiliates which, if determined adversely to the Borrower or such SubsidiaryAffiliate, could reasonably be expected to have a Material Adverse EffectEvent;

Appears in 1 contract

Samples: Credit Agreement

Notice of Litigation. Promptly after the commencement thereof, notice of all actions, suits, and proceedings before any Governmental Authority or arbitrator affecting the Borrower or any Subsidiary which, if determined adversely to the Borrower or such Subsidiary, could reasonably be expected to have a Material Adverse EffectEvent;

Appears in 1 contract

Samples: Loan Agreement (Vertical Capital Income Fund)

Notice of Litigation. Promptly after the commencement thereof, notice of all actions, suits, investigations and proceedings before any Governmental Authority court or arbitrator governmental department, commission, board, bureau, agency or instrumentality, domestic or foreign, affecting the Borrower or any Subsidiary whicha Borrower, that, if determined adversely to the Borrower or such SubsidiaryBorrower, could reasonably be expected to have a Material Adverse Effect;

Appears in 1 contract

Samples: Loan and Security Agreement (Halifax Corp)

Notice of Litigation. Promptly after the commencement thereof, notice of all actions, suits, and proceedings before any Governmental Authority or arbitrator affecting the Borrower or any Subsidiary which, if determined adversely to the Borrower or such Subsidiary, could reasonably be expected to have a Material Adverse Averse Effect;

Appears in 1 contract

Samples: Credit Agreement (First Wave Marine Inc)

Notice of Litigation. Promptly after the commencement thereof, notice of all actions, suits, and proceedings before any Governmental Authority or arbitrator affecting the Borrower or any Subsidiary which, if determined adversely to the Borrower or such Subsidiary, could would reasonably be expected to have a Material Adverse Effect;

Appears in 1 contract

Samples: Credit Agreement (Drypers Corp)

Notice of Litigation. Promptly after the commencement thereof, notice of all actions, suits, and proceedings before any Governmental Authority or arbitrator Authority, affecting the Borrower or any Subsidiary of its Consolidated Subsidiaries which, if determined adversely to the Borrower or such Subsidiaryany of its Consolidated Subsidiaries, could reasonably be expected to have result in a Material Adverse Effect;Change.

Appears in 1 contract

Samples: Credit Agreement (Navigators Group Inc)

Notice of Litigation. Promptly after the commencement thereof, notice of all actions, suits, and proceedings before any Governmental Authority court or arbitrator governmental department, commission, board, bureau, agency, or instrumentality, domestic or foreign, affecting the Borrower or any Subsidiary which, if determined adversely to the Borrower or such Subsidiary, could would reasonably be expected to have a Material Adverse Effect;

Appears in 1 contract

Samples: Credit Agreement (Iri International Corp)

Notice of Litigation. Promptly after the commencement thereof, notice of all actions, suits, and proceedings before any Governmental Authority or arbitrator affecting the Borrower or any Subsidiary of its subsidiaries which, if determined adversely to the Borrower or such Subsidiarysubsidiary, could reasonably be expected to have cause a Material Adverse Effect;

Appears in 1 contract

Samples: Loan Agreement (Hartman Short Term Income Properties XX, Inc.)

Notice of Litigation. Promptly after the commencement thereof, notice of all actions, suits, suits and proceedings before any Governmental Authority court or arbitrator governmental department, commission, board, bureau, agency, or instrumentality, domestic or foreign, whether or not covered by insurance, affecting the Borrower or any Subsidiary which, if determined adversely to the Borrower or such Subsidiary, could Subsidiary would be reasonably be expected likely to have result in a Material Adverse Effect;Change in Borrower; (xiv)

Appears in 1 contract

Samples: Loan Agreement (BRT Apartments Corp.)

Notice of Litigation. Promptly after the commencement thereof, notice of all actions, suits, and proceedings before any Governmental Authority or arbitrator affecting the any Borrower or any Subsidiary which, if determined adversely to the such Borrower or such Subsidiary, could reasonably be expected to have cause or create a Material Adverse EffectEvent on the business, condition (financial or otherwise), operations, or properties of such Borrower or such Subsidiary;

Appears in 1 contract

Samples: Credit Agreement (Direct Digital Holdings, Inc.)

Notice of Litigation. Promptly after the commencement thereof, notice of all actions, suits, and proceedings before any Governmental Authority or arbitrator affecting the Borrower or any Subsidiary of its Subsidiaries which, if determined adversely to the Borrower or such Subsidiary, could be a Material Adverse Effect; and promptly after the entry of any judgment, award or order by any Governmental Authority or arbitrator against Borrower or any of its Subsidiaries that could reasonably be expected to have a Material Adverse Effect;

Appears in 1 contract

Samples: Credit Agreement (TriState Capital Holdings, Inc.)

Notice of Litigation. Promptly after the commencement thereof, notice of all actions, suits, and proceedings before any Governmental Authority or arbitrator affecting the Borrower Holding or any Subsidiary which, if determined adversely to the Borrower Holding or such Subsidiary, could reasonably be expected to have a Material Adverse Effect;; (h)

Appears in 1 contract

Samples: Credit Agreement (Jotan Inc)

Notice of Litigation. Promptly after the commencement thereof, notice -------------------- of all actions, suits, suits and proceedings before any Governmental Authority or arbitrator Tribunal affecting the Borrower or any Subsidiary Subsidiary, which, in the reasonable opinion of the Borrower, if determined adversely to adversely, could have a material adverse effect on the financial condition, properties or operations of the Borrower or such Subsidiary, could reasonably be expected to have a Material Adverse Effect;

Appears in 1 contract

Samples: Loan Agreement (Template Software Inc)

Notice of Litigation. Promptly after the commencement thereof, notice of all actions, suits, and proceedings before any Governmental Authority or arbitrator affecting the Borrower or any Subsidiary which, if determined adversely to the Borrower or such SubsidiaryBorrower, could reasonably be expected to have a Material Adverse Effectmaterial adverse effect on the business, condition (financial or otherwise), operations, prospects, or properties of the Borrower;

Appears in 1 contract

Samples: Loan Agreement (Advanced Environmental Recycling Technologies Inc)

Notice of Litigation. Promptly after the commencement thereof, notice of all actions, suits, suits and proceedings before any court or other Governmental Authority or arbitrator affecting the Borrower or any Subsidiary whichof its Subsidiaries that, if determined adversely to the Borrower or such Subsidiary, could reasonably be expected to have result in a Material Adverse Effect;Event.

Appears in 1 contract

Samples: Credit Agreement (Guild Holdings Co)

Notice of Litigation. Promptly after the commencement thereof, notice of all actions, suits, and proceedings before any Governmental Authority or arbitrator affecting the any Borrower or any Subsidiary which, if determined adversely to the Borrower or such SubsidiaryBorrower, could reasonably be expected to have a Material Adverse Effectmaterial adverse effect on the business, condition (financial or otherwise), operations, prospects, or properties of such Borrower;

Appears in 1 contract

Samples: Loan Agreement (Castle Energy Corp)

Notice of Litigation. Promptly after the commencement thereof, notice -------------------- of all actions, suits, suits and proceedings before any Governmental Authority or arbitrator affecting the Borrower or any Subsidiary of its Subsidiaries in which there is a reasonable likelihood of an adverse determination, which, if determined adversely to the Borrower or any such Subsidiary, could reasonably be expected to have a Material Adverse Effect;

Appears in 1 contract

Samples: Credit Agreement (Earthwatch Inc)

Notice of Litigation. Promptly after receipt by the Borrower or any Subsidiary of notice of the commencement thereof, notice of all actions, suits, and proceedings before any Governmental Authority or arbitrator affecting the Borrower or any Subsidiary which, if determined adversely to the Borrower or such Subsidiary, could reasonably be expected to have a Material Adverse Effect;

Appears in 1 contract

Samples: Credit Agreement (Oreilly Automotive Inc)

Notice of Litigation. Promptly after the commencement thereof, notice of all actions, suits, and proceedings before any Governmental Authority or arbitrator affecting the Borrower or any Subsidiary Borrowers which, if determined adversely to the Borrower or such Subsidiaryany Borrower, could reasonably be expected to have a Material Adverse Effectmaterial adverse effect on the business, condition (financial or otherwise), operations, prospects, or properties of any Borrower;

Appears in 1 contract

Samples: Loan Agreement (Integrated Performance Systems Inc)

Notice of Litigation. Promptly after the commencement thereof, notice of all actions, suits, investigations and proceedings by or before any Governmental Authority or arbitrator affecting the Borrower or any Subsidiary which, if determined adversely to the Borrower or such Subsidiary, could reasonably be expected to have a Material Adverse Effect;

Appears in 1 contract

Samples: Credit Agreement (Dave & Busters Inc)

Notice of Litigation. Promptly after the commencement thereof, notice of all actions, suits, suits and proceedings before any Governmental Authority court or arbitrator governmental department, commission, board, bureau, agency or instrumentality, domestic or foreign, affecting the Borrower a Borrower, or any Subsidiary of a Borrower which, if determined adversely to the such Borrower or any such Subsidiary, could would reasonably be expected anticipated to have a Material Adverse Effect;

Appears in 1 contract

Samples: Loan Agreement (LGL Group Inc)

Notice of Litigation. Promptly after the commencement thereof, notice of all actions, suits, suits and proceedings before any Governmental Authority or arbitrator Tribunal affecting the Borrower or any Subsidiary Subsidiary, which, in the reasonable opinion of the Borrower, if determined adversely to adversely, could have a material adverse effect on the financial condition, properties or operations of the Borrower or such Subsidiary, could reasonably be expected to have a Material Adverse Effect;

Appears in 1 contract

Samples: Loan and Security Agreement (Template Software Inc)

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