Additional Advice. Consent for the activities outlined in 3.0 is granted subject to all reasonable endeavours being taken to achieve the following conditions:
Additional Advice. The Company will promptly advise Citizens of (i) any material casualty loss whether or not insured; (ii) the threat of or commencement of any material litigation; (iii) the assertion by any governmental authority or private party of a material violation of or material liability arising under any environmental law; (iv) any change which constitutes or, after notice or lapse of time or both, would constitute an Event of Default of this Agreement; and (v) each waiver, consent or amendment granted or made with respect to instruments or agreements relating to borrowed money in excess of $100,000 and each request by the Company therefor.
Additional Advice. Promptly, and in any event within 10 days after the discovery or receipt of notice of the existence of any default in the performance by the Company, any Company Subsidiary, WTAC or any WTAC Subsidiary under any covenant or agreement contained in the Credit Agreement, this Agreement, any Purchase Agreement, or any other Contractual Obligation to which any of them is subject or by which any of them is bound, or the commencement of any litigation against the Company, any Company Subsidiary, WTAC or any WTAC Subsidiary in which the amount in controversy exceeds $50,000, the Company shall give written notice to each Investor specifying the nature and period of existence thereof and what actions the Company, any Company Subsidiary, WTAC or any WTAC Subsidiary has taken and proposes to take with respect thereto.
Additional Advice. ◼ Electric and hybrid vehicles do not make any sound when they are turned on. Electric vehicles may thus move quietly and “unnoticed” any time: vehicles need to be se- cured against rolling away. ◼ Damaged cells (and cells under ther- mal stress) are prone to delayed self-ignition (even after a successful extinguishing operation). For this reason, electric and hybrid vehicles must NEVER be left unattended or parked indoors. ◼ Damaged high-volt batteries or their components are to be treated as hazardous materials when transport- ed and thus have to be loaded and unloaded by professionals, trans- ported on open vehicles and stored in the open air. ◼ Recovering vehicles from water: The risk of electric shocks caused by the HV system is principally not higher in water. The recovering procedure is the same as for conventional ve- hicles. There are no greater hazards for the drinking water than in case of conventional vehicles. ◼ Caution: voltages of up to 1,000 V! Due to the electric hazards, rescue workers have to adhere to the princi- ples of fighting fires in electric instal- lations and comply with steel pipe distances according to VDE 0132.
Additional Advice. The Borrower will promptly advise the Bank of any change which constitutes a Default or an Event of Default as defined in Article VI of this Agreement, or a default in the performance by the Borrower under any covenant or agreement contained in any other agreement to which it is a party or by which it is bound which has not been cured within the applicable grace period, if any. The Borrower will also promptly give notice to the Bank of each waiver, consent or amendment granted or made with respect to borrowed money in excess of $10,000.
Additional Advice. The Borrower will promptly advise the Bank of any change which constitutes or, after notice or lapse of time or both, would constitute an Event of Default as defined in Article VI of this Agreement, or a default in the performance by the Borrower or any Subsidiary under any covenant or agreement contained in any other agreement to which it is a party or by which it is bound which has not been cured within the applicable grace period, if any. The Borrower will also promptly give notice to the Bank of (a) each waiver, consent or amendment granted or made with respect to borrowed money in excess of $25,000, and (b) any dispute or default under or change in a material term of any collection agreement during the prior fiscal year.
Additional Advice. The Borrowers will promptly advise Bank of (i) any material casualty loss whether or not insured; (ii) the threat of or commencement of any material litigation; (iii) the assertion by any governmental authority or private party of a material violation of or material liability arising under any environmental law; (iv) any change which constitutes or, after notice or lapse of time or both, would constitute an Event of Default as defined in Article V of this Agreement; and (v) each waiver, consent or amendment granted or made with respect to instruments or agreements relating to borrowed money in excess of $100,000 and each request by any Borrower therefor.
Additional Advice. Borrower will promptly advise Lender of the occurrence, to Borrower’s knowledge, of any Event of Default or any material default in performance by Borrower under any covenant or agreement to which it is a party or by which it is bound hereunder or under any of the Project Documents and of any material default in performance by any other party to any of the Project Documents. Borrower will also promptly advise Lender of each proceeding commenced or, to its knowledge, threatened against or affecting Borrower before any court, government body, or arbitration body.
Additional Advice. Promptly, and in any event within ten days after the discovery or receipt of notice of (i) the existence of any default in the performance by the Company or any of its Subsidiaries under any covenant or agreement contained in this Agreement, the other Transaction Documents to which the Company or any of its Subsidiaries is a party or any other Contractual Obligations to which the Company or any of its Subsidiaries is subject or by which the Company or any of its Subsidiaries is bound or (ii) any pending or threatened litigation or proceeding against the Company or any of its Subsidiaries (A) in which the amount in controversy could exceed $100,000 or (B) which involves the possibility of any judgment or liability that is reasonably likely to materially and adversely affect any of the property and assets of the Company or any of its Subsidiaries, or the right of the Company or any of its Subsidiaries to conduct its or their businesses, the Company shall give written notice to the Purchaser specifying the nature and period of existence thereof and what actions the Company or such Subsidiary has taken and proposes to take with respect thereto.
Additional Advice. The Company shall promptly advise each ------------ ----------------- Investor which holds at least 25,000 shares of the Preferred Stock (or the number of shares of Common Stock into which such number of shares of Preferred Stock shall have been converted), adjusted appropriately for stock splits, stock dividends, combinations and the like, of the existence of any Condition of Default or a material default in the performance by the Company under any covenant or agreement contained in any other material agreement to which it is party or by which it is bound or the commencement of any litigation in which the amount in controversy exceeds $25,000.
