Common use of Notice of Material Proceedings Clause in Contracts

Notice of Material Proceedings. Promptly upon becoming aware thereof Borrower shall give Lender written notice of the commencement, existence or threat of any proceeding by or before any court or administrative agency against or affecting Borrower, any Guarantor or the Collateral which, if adversely decided, would have a material adverse effect on the business, operations or financial condition of Borrower or any Guarantor or on the ability of Borrower or any Guarantor to perform its obligations under this Agreement, the Note, the other Loan Documents or on the Collateral.

Notice of Material Proceedings. Promptly upon becoming aware thereof Borrower shall give Lender written notice of the commencement, existence or threat of any proceeding by or before any court or administrative agency against or affecting Borrower, any Guarantor Borrower or the Collateral which, if adversely decided, would have a material adverse effect on the business, operations or financial condition of Borrower or any Guarantor or on the ability of Borrower or any Guarantor to perform its obligations under this Agreement, the Note, the other Loan Documents or on the Collateral.

Notice of Material Proceedings. Promptly upon becoming aware thereof Borrower shall give Lender Collateral Agent and Lenders written notice of the commencement, existence or threat of any proceeding by or before any court or administrative agency against or affecting Borrower, any Guarantor or the Collateral which, if adversely decided, would have a material adverse effect on the business, operations or financial condition of Borrower or any Guarantor or on the ability of Borrower or any Guarantor to perform its obligations under this Agreement, the Note, the other Loan Documents or on the Collateral.

Notice of Material Proceedings. Promptly upon becoming aware thereof Borrower shall give Lender written notice of the commencement, existence or threat of any proceeding by or before any court or administrative agency against or affecting Borrower, any Guarantor or the Collateral which, if adversely decided, would have a material adverse effect on the business, operations or financial condition of Borrower or any Guarantor or on the ability of Borrower or any Guarantor to perform its obligations under this Agreement, the Note, Note or the other Loan Documents or on the Collateral.

Notice of Material Proceedings. Promptly upon becoming aware thereof Borrower shall give Lender written notice of the commencement, existence or threat of any proceeding by or before any court or administrative agency against or affecting Borrower, any Guarantor Guarantors, Lynton Properties, or the Collateral which, if adversely decided, would have a material adverse effect on the business, operations or financial condition of Borrower or any Guarantor Guarantors or Lynton Properties or on the ability of Borrower or any Guarantor Guarantors or Lynton Properties to perform its their obligations under this Agreement, the Note, or the other Loan Documents or on the Collateral.

Notice of Material Proceedings. Promptly upon becoming aware thereof Borrower shall give Lender written notice of the commencement, existence or threat of any proceeding by or before any court or administrative agency against or affecting Borrower, any Guarantor or the Collateral which, if adversely decided, would have a material adverse effect on the business, operations or financial condition of Borrower or any Guarantor or on the ability of Borrower or any Guarantor to perform its obligations under this Agreement, the Note, Note or the other Loan Documents or on the CollateralDocuments.