Common use of Notice of Proceeding Clause in Contracts

Notice of Proceeding. Borrower will promptly notify Lender of any notice of violation, action, suit, proceeding or arbitration (including, without limitation, any foreclosure proceeding, any voluntary or involuntary bankruptcy proceeding or any proceeding for the appointment of a receiver), commenced or threatened in writing against Borrower, any of the Collateral or any portion thereof or interest therein. Borrower shall deliver to Lender copies of all notices and other information in connection with any such action, suit, proceeding or arbitration promptly upon receipt or transmittal thereof.

Appears in 2 contracts

Samples: Loan and Security Agreement (William Harwell Lyon Separate Property Trust), Loan and Security Agreement (William Lyon Homes)

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Notice of Proceeding. Borrower will promptly notify Lender of any notice of violation, action, suit, proceeding or arbitration (including, without limitation, any judicial or nonjudicial foreclosure proceeding, any voluntary or involuntary bankruptcy proceeding or any proceeding for the appointment of a receiver), commenced or threatened in writing against Borrower, any of the Collateral or any portion thereof or interest therein. Borrower shall deliver to Lender copies of all notices and other information in connection with any such action, suit, proceeding or arbitration promptly upon receipt or transmittal thereof.

Appears in 2 contracts

Samples: Loan and Security Agreement (William Lyon Homes), Loan and Security Agreement (William Harwell Lyon Separate Property Trust)

Notice of Proceeding. Borrower will promptly notify Lender of any notice of violation, action, suit, proceeding or arbitration (including, without limitation, any judicial or nonjudicial foreclosure proceeding, any voluntary or involuntary bankruptcy proceeding or any proceeding for the appointment of a receiver), commenced or threatened in writing against Borrower, any of the Collateral Improvements, Borrowers' interest in the Project or any portion thereof or interest therein. Borrower shall deliver to Lender copies of all notices and other information in connection with any such action, suit, proceeding or arbitration promptly upon receipt or transmittal thereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Matrix Pharmaceutical Inc/De)

Notice of Proceeding. Borrower will promptly notify Lender of any notice of violation, action, suit, proceeding or arbitration (including, without limitation, any judicial or nonjudicial foreclosure proceeding, any voluntary or EXHIBIT 4.13 involuntary bankruptcy proceeding or any proceeding for the appointment of a receiver), commenced or threatened in writing against Borrower, any of the Principal Parties, or the Project or the other Collateral or any portion thereof or interest therein. Borrower shall deliver to Lender copies of all notices and other information in connection with any such action, suit, proceeding or arbitration promptly upon receipt or transmittal thereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Aar Corp)

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Notice of Proceeding. Borrower will promptly notify Lender of any notice of violation, action, suit, proceeding or arbitration (including, without limitation, any judicial or nonjudicial foreclosure proceeding, any voluntary or involuntary bankruptcy proceeding or any proceeding for the appointment of a receiver), commenced or threatened in writing against Borrower, any of the Collateral Principals, or the Project or any portion thereof or interest therein. Borrower shall deliver to Lender copies of all notices and other information in connection with any such action, action suit, proceeding or arbitration promptly upon receipt or transmittal thereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Aspect Communications Corp)

Notice of Proceeding. Borrower will promptly notify Lender of any notice of violation, action, suit, proceeding or arbitration (including, without limitation, any judicial or nonjudicial foreclosure proceeding, any voluntary or involuntary bankruptcy proceeding or any proceeding for the appointment of a receiver), commenced or threatened in writing against Borrower, any of the Collateral Principals, or the Project or any portion thereof or interest therein. Borrower shall deliver to Lender copies of all notices and other information in connection with any such action, suit, proceeding or arbitration promptly upon receipt or transmittal thereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Xm Satellite Radio Holdings Inc)

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