Default; Material Adverse Effect Clause Samples
Default; Material Adverse Effect. Promptly advise Buyers of any material adverse change in the business, property, assets, operations or financial condition of such Person, any other Material Adverse Effect, or the occurrence of any Event of Default (as defined in any Note) or the occurrence of any event which, if uncured, will become an Event of Default after notice or lapse of time (or both). All of the foregoing notices shall be provided by the Company or applicable Subsidiary to such Buyers in writing.
Default; Material Adverse Effect. Promptly advise Lender of (a) the occurrence of or any event which has a Material Adverse Effect on Borrower or (b) the occurrence of any Event of Default hereunder or the occurrence of any event which, if uncured, will become an Event of Default after notice or lapse of time (or both).
Default; Material Adverse Effect. The occurrence of any Default or other event that has had or could reasonably be expected to have a Material Adverse Effect.
Default; Material Adverse Effect. Promptly (but no later than one (1) Business Day after becoming aware thereof and in any event prior to requesting a borrowing hereunder) advise Agent of the occurrence of any Material Adverse Effect, Default or Event of Default.
Default; Material Adverse Effect. The Company and Buyer shall each give prompt notice to the other of: (i) any notice of, or other communication relating to, a default or event that, with notice or lapse of time or both, would become a default, received by it or any of its subsidiaries subsequent to the date of this Agreement and prior to the Effective Time, under any contract material to the financial condition, properties, businesses or results of operations of such party and its subsidiaries taken as a whole to which such party or any such subsidiary is a party or is subject; (ii) any Material Adverse Effect with respect to such party or the occurrence of any event which, so far as reasonably can be foreseen at the time of its occurrence, is reasonably likely to result in a Material Adverse Effect; and (iii) any notice or other communication from any third party alleging that the consent of such third party is or may be required in connection with the transactions contemplated by this Agreement, if a failure to obtain such consent would constitute a Material Adverse Effect.
Default; Material Adverse Effect. The Borrower shall provide the Lender with prompt written notice of any Event of Default, Potential Event of Default or Material Adverse Effect.
Default; Material Adverse Effect. Promptly advise Agent of the occurrence of or any event which has a Material Adverse Effect on Borrower, the occurrence of any Event of Default hereunder or the occurrence of any event which, if uncured, will become an Event of Default after notice or lapse of time (or both).
Default; Material Adverse Effect. No Default or Event of Default shall have occurred and remain continuing, and no Material Adverse Effect shall have occurred since December 31, 1997.
Default; Material Adverse Effect. The Company and Buyer shall each give prompt notice to the other of: (i) any notice of, or other communication relating to, a default or event that, with notice or lapse of time or both, would become a default, received by it or any of its subsidiaries subsequent to the date of this Agreement and prior to the Effective Time, under any contract material to the financial condition, properties, businesses or results of operations of such party and its subsidiaries taken as a whole to which such party or any such subsidiary is a party or is subject; (ii) any Material Adverse Effect with respect to such party or the occurrence of any event which, so far as reasonably can be foreseen at the time of its occurrence, is reasonably likely to result in a Material Adverse Effect; and (iii) any notice or other communication from any third party alleging that the consent of such third party is or may be required in connection with the transactions contemplated by this Agreement, if a failure to obtain such consent would constitute a Material Adverse Effect.