Common use of Notice of Litigation Clause in Contracts

Notice of Litigation. Promptly after the commencement and knowledge thereof, notice of all actions, suits, and proceedings before any court or arbitrator, affecting Borrower which, if determined adversely to Borrower is likely to result in a Material Adverse Change;

Appears in 20 contracts

Samples: Term Loan Agreement (Avalonbay Communities Inc), Revolving Loan Agreement (Avalonbay Communities Inc), Revolving Loan Agreement (Avalonbay Communities Inc)

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Notice of Litigation. Promptly after the commencement and knowledge thereof, notice of all actions, suits, and proceedings before any court or arbitrator, affecting Borrower which, if determined adversely to Borrower is likely to result in a Material Adverse ChangeChange and which would be required to be reported in Borrower’s SEC Reports;

Appears in 10 contracts

Samples: Term Loan Agreement (Vornado Realty Lp), Revolving Credit Agreement (Vornado Realty Lp), Revolving Credit Agreement (Vornado Realty Lp)

Notice of Litigation. Promptly after the commencement and knowledge thereof, notice of all actions, suits, and proceedings before any court or arbitratorarbitrator or any Governmental Authority, affecting (i) Borrower which, if determined adversely to Borrower is are likely to result in a Material Adverse ChangeChange or (ii) all or any portion of the Mortgaged Property under any Mortgage;

Appears in 8 contracts

Samples: Assignment and Assumption Agreement (Acadia Realty Trust), Revolving Loan Agreement (Acadia Realty Trust), Loan Agreement (Acadia Realty Trust)

Notice of Litigation. Promptly after the commencement and knowledge thereof, notice of all actions, suits, and proceedings before any court or arbitratorarbitrator or any Governmental Authority, affecting Borrower (i) Borrower, Guarantor or the Other Mortgagor which, if determined adversely to Borrower is Borrower, Guarantor or the Other Mortgagor, are likely to result in a Material Adverse ChangeChange or (ii) all or any portion of the Collateral;

Appears in 2 contracts

Samples: Assignment and Assumption Agreement (Crescent Real Estate Equities Co), Crescent Real Estate Equities Co

Notice of Litigation. Promptly after the commencement and knowledge thereof, notice of all actions, suits, and proceedings before any court or arbitrator, affecting (i) Borrower which, if determined adversely to Borrower is are likely to result in a Material Adverse Change; or (ii) any Mortgagor or all or any portion of the Mortgaged Property under any Mortgage which, if determined adversely to the Mortgagor are likely to result in a Material Adverse Change;

Appears in 2 contracts

Samples: Secured Revolving Credit Agreement (Taubman Centers Inc), Secured Revolving Credit Agreement (Taubman Centers Inc)

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Notice of Litigation. Promptly after the commencement and knowledge thereof, notice of all actions, suits, and proceedings before any court or arbitrator, affecting Borrower which, if determined adversely to Borrower is likely to result in a Material Adverse ChangeChange and which would be required to be reported in Borrower's SEC Reports;

Appears in 2 contracts

Samples: Assignment and Assumption Agreement (Vornado Realty Trust), Revolving Credit Agreement (Price Enterprises Inc)

Notice of Litigation. Promptly after the commencement and knowledge thereof, notice of all actions, suits, and proceedings before any court or arbitratorGovernmental Authority, affecting the Borrower which, if determined adversely to Borrower is likely to the Borrower, could result in a Material Adverse Change;.

Appears in 1 contract

Samples: Mortgage Warehousing Loan and Security Agreement (American Home Mortgage Holdings Inc)

Notice of Litigation. Promptly after following the commencement and knowledge thereof, notice of any and all actions, suits, suits and proceedings before any court court, arbitrator or arbitrator, administrative body affecting Borrower or all or any part of the Collateral which, if determined adversely to Borrower is likely to Borrower, could result in a Material Adverse Change;Effect.

Appears in 1 contract

Samples: Secured Loan Agreement (Resource America Inc)

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