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.
Appears in 4 contracts
Sources: Securities Exchange Agreement (Sonterra Resources, Inc.), Securities Purchase Agreement (Sonterra Resources, Inc.), Securities Purchase Agreement (Sonterra Resources, Inc.)
Default; Material Adverse Effect. Promptly advise Buyers each Buyer of any material adverse change in the business, property, assets, operations or financial condition of such Personthe Company, 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 the applicable Subsidiary to such Buyers each Buyer in writing.
Appears in 2 contracts
Sources: Securities Purchase Agreement (South Texas Oil Co), Securities Purchase Agreement (South Texas Oil Co)
Default; Material Adverse Effect. Promptly advise Buyers Buyer 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 NoteRCGI Notes) 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 RCGI or the Company or applicable Subsidiary to such Buyers Buyer in writing.
Appears in 1 contract
Sources: Securities Exchange and Additional Note Purchase Agreement (River Capital Group, Inc.)
Default; Material Adverse Effect. Promptly advise the 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 the applicable Subsidiary to such the Buyers in writing.
Appears in 1 contract
Default; Material Adverse Effect. Promptly advise the 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 Notethe Notes) 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 the applicable Subsidiary to such the Buyers in writing.
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