Breach or Default. Borrower shall notify Lender immediately upon the occurrence of any circumstance which: (a) makes any representation or warranty of Borrower contained in this Agreement or any other Loan Document incorrect or misleading in any material respect; or (b) constitutes an Event of Default.
Appears in 4 contracts
Samples: Loan and Security Agreement (PRB Energy, Inc.), Possession Loan and Security Agreement (PRB Energy, Inc.), Loan and Security Agreement (Galaxy Nutritional Foods Co)
Breach or Default. Borrower shall notify Lender immediately upon the occurrence of any circumstance which: (a) makes any representation or warranty of Borrower Borrower, any guarantor or any other obligor contained in this Agreement or any other Loan Document incorrect or misleading materially misleading; (b) puts Borrower, any guarantor or any other obligor other than in full compliance with all of Borrower's covenants and agreements contained in this Agreement or any material respectother Loan Document; or (bc) constitutes an Event of DefaultDefault under this Agreement.
Appears in 1 contract
Samples: Loan and Security Agreement (Halifax Corp of Virginia)
Breach or Default. Borrower shall notify Lender immediately upon the occurrence of any circumstance which: (a) makes any representation or warranty of Borrower contained in this Agreement or any other Loan Document incorrect or misleading in any material respect; or (b) constitutes a Default or an Event of Default; or (c) which might adversely affect the Client Loans, taken as a whole.
Appears in 1 contract
Samples: Loan and Security Agreement (United Development Funding III, LP)
Breach or Default. Borrower shall notify Lender immediately upon the occurrence of any circumstance which: (a) makes any representation or warranty of Borrower contained in this Agreement or any other Loan Document incorrect or misleading in any material respect; or (b) constitutes an Event of DefaultDefault or (c) which might adversely affect the Client Loans, taken as a whole.
Appears in 1 contract
Samples: Loan and Security Agreement (United Development Funding III, LP)