Common use of 3Notices Clause in Contracts

3Notices. Notify Agent and Lenders in writing, promptly (and in any event within five Business Days) after an Obligor’s knowledge thereof, of any of the following affecting an Obligor or Subsidiary: (a) commencement of any proceeding or investigation, whether or not covered by insurance, which could reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect; (b) a pending or threatened labor dispute, strike, walkout or expiration of a material labor contract which could reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect; (c) a material default under, or termination of (other than expiration in accordance with its terms), a Material Contract; (d) existence of a Default or Event of Default; (e) a judgment in an amount exceeding $25,000,000; (f) assertion of any Intellectual Property Claim that could reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect; (g) violation or asserted violation of any Applicable Law (including ERISA, OSHA, FLSA or any Environmental Law) that could reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect; (h) an Environmental Release by an Obligor or on any Property owned, leased or occupied by an Obligor; or receipt of an Environmental Notice, in each case, that could reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect; (i) occurrence of an ERISA Event; (j) a material change in any accounting or financial reporting practice that affects calculation of the Borrowing Base, any Reserve or any covenant hereunder; (k) a change in any information contained in a Beneficial Ownership Certificate delivered to Agent or any Lender; (l) Helix opening or moving its headquarters location; (m) any event materially and adversely affecting the value or operation of a Vessel, or its continued ability to generate Accounts and earnings under any contract, including any casualty, seizure or arrest of a Vessel; (n) the closing of any financing, whether or not constituting Permitted Debt, secured by any Vessel or its earnings; (o) the filing of any pleadings in respect of, or any order entered for, garnishment or attachment with respect to any Property of an Obligor; or (p) any default by an Obligor under its charter of a Vessel resulting in termination thereof.

3Notices. Notify Agent and Lenders in writing, promptly (and in after any event within five Business Days) after an Obligor’s Senior Officer of Borrower obtains knowledge thereof, of any of the following affecting that affects an Obligor or SubsidiaryObligor: (a) the threat or commencement of any proceeding or investigation, whether or not covered by insurance, which if an adverse determination could reasonably be expected, individually or in the aggregate, expected to have a Material Adverse Effect; (b) a any pending or threatened labor dispute, strikestrike or walkout, walkout or the expiration of a any material labor contract which could reasonably be expected, individually or in the aggregate, to have a Material Adverse Effectcontract; (c) a material any default under, under or termination of (other than expiration in accordance with its terms), a Material Contract; (d) the existence of a any Default or Event of Default; (e) a any judgment in an amount exceeding $25,000,000<1,000,000>250,000; (f) the assertion of any Intellectual Property Claim that could Claim, if its resolution would reasonably be expected, individually or in the aggregate, expected to have a Material Adverse Effect; , (g) any violation or asserted violation of any Applicable Law (including ERISA, OSHA, FLSA FLSA, or any Environmental Law) that Laws), for which an adverse resolution could reasonably be expected, individually or in the aggregate, expected to have a Material Adverse Effect; (h) an any Environmental Release by an Obligor or on any Property owned, leased or occupied by an Obligor; or receipt of an any Environmental Notice; (i) the occurrence of any ERISA Event; (j) the discharge of or any withdrawal or resignation by Borrower's independent accountants; (k) any opening of a new office or place of business, in each case, at least thirty (30) days prior to such opening; or (l) any other matter that could reasonably be expected, individually or in the aggregate, expected to have a Material Adverse Effect; (i) occurrence . Each notice pursuant to this Section 10.1.3 shall be accompanied by a statement of an ERISA Event; (j) a material change in any accounting or financial reporting practice that affects calculation Senior Officer setting forth details of the Borrowing Base, any Reserve occurrence referred to therein and stating what action Borrower or any covenant hereunder; (k) a change in any information contained in a Beneficial Ownership Certificate delivered the relevant Subsidiary proposes to Agent or any Lender; (l) Helix opening or moving its headquarters location; (m) any event materially and adversely affecting the value or operation of a Vessel, or its continued ability to generate Accounts and earnings under any contract, including any casualty, seizure or arrest of a Vessel; (n) the closing of any financing, whether or not constituting Permitted Debt, secured by any Vessel or its earnings; (o) the filing of any pleadings in respect of, or any order entered for, garnishment or attachment take with respect to any Property of an Obligor; or (p) any default by an Obligor under its charter of a Vessel resulting in termination thereof.thereto. <->84<->

3Notices. Notify Agent and Lenders in writing, promptly (and in any event within five Business Days) after an Obligor’s knowledge thereof, of any of the following affecting an Obligor or Subsidiary: (a) commencement of any proceeding or investigation, whether or not covered by insurance, which could reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect; (b) a pending or threatened labor dispute, strike, walkout or expiration of a material labor contract which could reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect; (c) a material default under, or termination of (other than expiration in accordance with its terms), a Material Contract; (d) existence of a Default or Event of Default; (e) a judgment in an amount exceeding $25,000,000; (f) assertion of any Intellectual Property Claim that could reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect; (g) violation or asserted violation of any Applicable Law (including ERISA, OSHA, FLSA or any Environmental Law) that could reasonably be expected, ​ 110 ​ ​ individually or in the aggregate, to have a Material Adverse Effect; (h) an Environmental Release by an Obligor or on any Property owned, leased or occupied by an Obligor; or receipt of an Environmental Notice, in each case, that could reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect; (i) occurrence of an ERISA Event; (j) a material change in any accounting or financial reporting practice that affects calculation of the Borrowing Base, any Reserve or any covenant hereunder; (k) a change in any information contained in a Beneficial Ownership Certificate delivered to Agent or any Lender; (l) Helix opening or moving its headquarters location; (m) any event materially and adversely affecting the value or operation of a Vessel, or its continued ability to generate Accounts and earnings under any contract, including any casualty, seizure or arrest of a Vessel; (n) the closing of any financing, whether or not constituting Permitted Debt, secured by any Vessel or its earnings; (o) the filing of any pleadings in respect of, or any order entered for, garnishment or attachment with respect to any Property of an Obligor; or (p) any default by an Obligor under its charter of a Vessel resulting in termination thereof.

3Notices. Notify Agent and Lenders in writing, promptly (and in any event within five Business Days) after an Obligor’s knowledge thereof, of any of the following affecting an Obligor or Subsidiary: (a) commencement of any proceeding or investigation, whether or not covered by insurance, which could reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect; (b) a pending or threatened labor dispute, strike, walkout or expiration of a material labor contract which could reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect; (c) a material default under, or termination of (other than expiration in accordance with its terms), a Material Contract; (d) existence of a Default or Event of Default; (e) a judgment in an amount exceeding $25,000,000; (f) assertion of any Intellectual Property Claim that could reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect; (g) violation or asserted violation of any Applicable Law (including ERISA, OSHA, FLSA or any Environmental Law) that could reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect; (h) an Environmental Release by an Obligor or on any Property owned, leased or occupied by an Obligor; or receipt of an Environmental Notice, in each case, that could reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect; (i) occurrence of an ERISA Event; (j) a material change in any accounting or financial reporting practice that affects calculation of the Borrowing Base, any Reserve or any covenant hereunder; (k) a change in any information contained in a 106 ​ Beneficial Ownership Certificate delivered to Agent or any Lender; (l) Helix opening or moving its headquarters location; (m) any event materially and adversely affecting the value or operation of a Vessel, or its continued ability to generate Accounts and earnings under any contract, including any casualty, seizure or arrest of a Vessel; (n) the closing of any financing, whether or not constituting Permitted Debt, secured by any Vessel or its earnings; (o) the filing of any pleadings in respect of, or any order entered for, garnishment or attachment with respect to any Property of an Obligor; or (p) any default by an Obligor under its charter of a Vessel resulting in termination thereof.

3Notices. Notify Agent and Lenders in writing, promptly (and in after any event within five Business Days) after an Obligor’s Senior Officer of any Borrower obtains knowledge thereof, of any of the following affecting that affects an Obligor or SubsidiaryObligor: (a) the threat or commencement of any proceeding or investigation, whether or not covered by insurance, which if an adverse determination could reasonably be expected, individually or in the aggregate, expected to have a Material Adverse Effect; (b) a any pending or threatened labor dispute, strikestrike or walkout, walkout or the expiration of a any material labor contract which could reasonably be expected, individually or in the aggregate, to have a Material Adverse Effectcontract; (c) a material any default under, under or termination of (other than expiration in accordance with its terms), a Material Contract; (d) the existence of a any Default or Event of Default; (e) a any judgment in an amount exceeding $25,000,0001,000,000250,000; (f) the assertion of any Intellectual Property Claim that could Claim, if its resolution would reasonably be expected, individually or in the aggregate, expected to have a Material Adverse Effect; , (g) any violation or asserted violation of any Applicable Law (including ERISA, OSHA, FLSA FLSA, or any Environmental Law) that Laws), for which an adverse resolution could reasonably be expected, individually or in the aggregate, expected to have a Material Adverse Effect; (h) an any Environmental Release by an Obligor or on any Property owned, leased or occupied by an Obligor; or receipt of an any Environmental Notice; (i) the occurrence of any ERISA Event; (j) the discharge of or any withdrawal or resignation by Borrowers’ independent accountants; (k) any opening of a new office or place of business, in each case, at least 30 days prior to such opening; or (l) any other matter that could reasonably be expected, individually or in the aggregate, expected to have a Material Adverse Effect; (i) occurrence . Each notice pursuant to this Section 10.1.3 shall be accompanied by a statement of an ERISA Event; (j) a material change in any accounting or financial reporting practice that affects calculation Senior Officer setting forth details of the Borrowing Base, any Reserve occurrence referred to therein and stating what action Borrowers or any covenant hereunder; (k) a change in any information contained in a Beneficial Ownership Certificate delivered the relevant Subsidiary proposes to Agent or any Lender; (l) Helix opening or moving its headquarters location; (m) any event materially and adversely affecting the value or operation of a Vessel, or its continued ability to generate Accounts and earnings under any contract, including any casualty, seizure or arrest of a Vessel; (n) the closing of any financing, whether or not constituting Permitted Debt, secured by any Vessel or its earnings; (o) the filing of any pleadings in respect of, or any order entered for, garnishment or attachment take with respect to any Property of an Obligor; or (p) any default by an Obligor under its charter of a Vessel resulting in termination thereofthereto.