Common use of Notification of litigation Clause in Contracts

Notification of litigation. Borrower shall notify Lender in writing of any litigation commenced against it and of any proceeding commenced against or concerning it by any governmental agency or authority, if there is any reasonable likelihood that such litigation or proceeding, singly or in combination with others, reasonably might be expected to have a material adverse effect upon it. Such notice shall be given within five business days after the commencement of the action or proceeding.

Notification of litigation. Borrower shall will notify Lender in writing of any litigation commenced against it any of the Obligors and of any proceeding commenced against or concerning it any of the Obligors by any governmental agency or authority, if there is any reasonable likelihood that such litigation or proceeding, singly or in combination with others, reasonably might be expected to have a material adverse effect upon itany or all of the Obligors. Such notice shall will be given within five business days after the commencement of the action or proceeding.

Notification of litigation. Borrower shall Borrowers will notify Lender in writing of any litigation commenced against it any of the Obligors and of any proceeding commenced against or concerning it any of the Obligors by any governmental agency or authority, if there is any reasonable likelihood that such litigation or proceeding, singly or in combination with others, reasonably might be expected to have a material adverse effect upon itany or all of the Obligors. Such notice shall will be given within five business days after the commencement of the action or proceeding.