Common use of Notices of Claims and Litigation Clause in Contracts

Notices of Claims and Litigation. Borrower shall give prompt written notice to Lender of any litigation or governmental proceedings pending or threatened against Borrower or Merger Sub, if the same may have a Material Adverse Effect.

Appears in 1 contract

Sources: Loan Agreement (U.S. Auto Parts Network, Inc.)

Notices of Claims and Litigation. Borrower shall give prompt written notice to Lender of any litigation or governmental proceedings pending or threatened against Borrower or Merger Sub, if Guarantor which might materially and adversely affect Borrower’s or any Guarantor’s condition (financial or otherwise) or business or the same may have a Material Adverse EffectCollateral.

Appears in 1 contract

Sources: Business Loan Agreement (NV5 Holdings, Inc.)