Common use of Claims and Litigation Clause in Contracts

Claims and Litigation. Promptly inform Lender in writing of (1) all material adverse changes in Borrower's financial condition, and (2) all existing and all threatened litigation, claims, investigations, administrative proceedings or similar actions affecting Borrower or any Guarantor which could materially affect the financial condition of Borrower or the financial condition of any Guarantor.

Appears in 25 contracts

Samples: Business Loan Agreement (Community First Bancorp Inc), Business Loan Agreement (Sardy House LLC), Business Loan Agreement (Infinite Graphics Inc)

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Claims and Litigation. Promptly inform Lender in writing of of: (1) all material adverse changes in Borrower's ’s financial condition, condition and (2) all existing and all threatened litigation, claims, investigations, administrative proceedings or similar actions affecting Borrower or any Guarantor which could materially affect the financial condition of Borrower or the financial condition of any Guarantor.

Appears in 1 contract

Samples: Business Loan Agreement (BayFirst Financial Corp.)

Claims and Litigation. Promptly inform Lender in writing of (1) all material adverse changes in Borrower's Borrower`s financial condition, and (2) all existing and all threatened litigation, claims, investigations, administrative proceedings or similar actions affecting Borrower or any Guarantor which could materially affect the financial condition of Borrower or the financial condition of any Guarantor.

Appears in 1 contract

Samples: Trimedia Entertainment Group Inc

Claims and Litigation. Promptly inform Lender Xxxxxx in writing of (1) all material adverse changes in Borrower's financial condition, and (2) all existing and all threatened litigation, claims, investigations, administrative proceedings or similar actions affecting Borrower or any Guarantor which could materially affect the financial condition of Borrower or the financial condition of any Guarantor.

Appears in 1 contract

Samples: Avid Sportswear & Golf Corp

Claims and Litigation. Promptly inform Lender in writing of (1) all material adverse changes in change sin Borrower's financial condition, and (2) all existing and all threatened litigation, claims, investigations, administrative proceedings or similar actions affecting Borrower or any Guarantor which could materially affect the financial condition of Borrower or the of financial condition of or any Guarantor.

Appears in 1 contract

Samples: Loan Agreement (Wellington Hall LTD)

Claims and Litigation. Promptly inform Lender in Lendxx xx writing of (1) all material adverse changes in Borrower's financial condition, and (2) all existing and all threatened litigation, claims, investigations, administrative proceedings or similar actions affecting Borrower or any Guarantor which could materially affect the financial condition of Borrower or the financial condition of any Guarantor.

Appears in 1 contract

Samples: Fafco Inc

Claims and Litigation. Promptly inform Lender in writing of (1) all material xxxxxxal adverse changes in Borrower's financial condition, and (2) all existing and all threatened litigation, claims, investigations, administrative proceedings or similar actions affecting Borrower or any Guarantor which could materially affect the financial condition of Borrower or the financial condition of any Guarantor.

Appears in 1 contract

Samples: Loan Agreement (I/Omagic Corp)

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Claims and Litigation. Promptly inform Lender in writing of (1) all material adverse changes in Borrower's financial condition, and (2) all existing and all threatened litigation, claims, investigationsInvestigations, administrative proceedings or similar actions affecting Borrower or any Guarantor which could materially affect the financial condition of Borrower or the financial condition of any Guarantor.

Appears in 1 contract

Samples: Business Loan Agreement (Accord Advanced Technologies Inc)

Claims and Litigation. Promptly inform Lender in writing of (1) all xxx material adverse changes in Borrower's financial condition, and (2) all existing and all threatened litigation, claims, investigations, administrative proceedings or similar actions affecting Borrower or any Guarantor which could materially affect the financial condition of Borrower or the financial condition of any Guarantor.

Appears in 1 contract

Samples: Loan Agreement (I/Omagic Corp)

Claims and Litigation. Promptly inform Lender in writing of (1) all material axx xxxerial adverse changes in Borrower's financial condition, and (2) all existing and all threatened litigation, claims, investigations, administrative proceedings or similar actions affecting Borrower or any Guarantor which could materially affect the financial condition of Borrower or the financial condition of any Guarantor.

Appears in 1 contract

Samples: Loan Agreement (Baywood International Inc)

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