Common use of Notices of Claims and Litigation Clause in Contracts

Notices of Claims and Litigation. Promptly inform ▇▇▇▇▇▇ in writing of (1) all existing and all threatened litigation, claims, investigations, administrative proceedings or similar actions affecting Borrower which could materially affect the financial condition of Borrower.

Notices of Claims and Litigation. Promptly inform ▇▇▇▇▇▇ Lender in writing of (1) all existing and all threatened litigation, claims, investigations, administrative proceedings or similar actions affecting Borrower which could materially affect the financial condition of Borrower.