Common use of Disclosure Updates Clause in Contracts

Disclosure Updates. Promptly and in no event later than 5 Business Days after obtaining knowledge thereof, (a) notify Lender if any written information, exhibit, or report furnished to Lender contained any untrue statement of a material fact or omitted to state any material fact necessary to make the statements contained therein not misleading in light of the circumstances in which made, and (b) correct any defect or error that may be discovered therein or in any Loan Document or in the execution, acknowledgement, filing, or recordation thereof.

Appears in 17 contracts

Sources: Loan Agreement (Synalloy Corp), Loan and Security Agreement (I Link Inc), Loan and Security Agreement (Old Evangeline Downs Capital Corp)

Disclosure Updates. Promptly and in no event later than 5 Business Days after obtaining knowledge thereof, (a) notify Lender if any written information, exhibit, or report furnished to Lender contained any untrue statement of a material fact or omitted to state any material fact necessary to make the statements contained therein not misleading in light of the circumstances in which made, and (b) correct any defect or error that may be discovered therein or in any Loan Document or in the execution, acknowledgementacknowledgment, filing, or recordation thereof.

Appears in 4 contracts

Sources: Loan and Security Agreement (Mikohn Gaming Corp), Loan and Security Agreement (Epicor Software Corp), Loan and Security Agreement (Cray Inc)

Disclosure Updates. Promptly and in no event later than 5 10 Business Days after obtaining knowledge thereof, (a) notify Lender if any written information, exhibit, or report furnished to Lender contained any untrue statement of a material fact or omitted to state any material fact necessary to make the statements contained therein not misleading in light of the circumstances in which made, and (b) correct any defect or error that may be discovered therein or in any Loan Document or in the execution, acknowledgement, filing, or recordation thereof.

Appears in 3 contracts

Sources: Loan and Security Agreement (Vitalworks Inc), Loan and Security Agreement (Vitalworks Inc), Loan and Security Agreement (Metalico Inc)

Disclosure Updates. Promptly and in no event later than 5 Business ------------------ Days after obtaining knowledge thereof, (a) notify Lender if any written information, exhibit, or report furnished to Lender contained any untrue statement of a material fact or omitted to state any material fact necessary to make the statements contained therein not misleading in light of the circumstances in which made, and (b) correct any defect or error that may be discovered therein or in any Loan Document or in the execution, acknowledgement, filing, or recordation thereof.

Appears in 2 contracts

Sources: Loan and Security Agreement (Microstrategy Inc), Loan and Security Agreement (Microstrategy Inc)

Disclosure Updates. Promptly and in no event later than 5 Business Days after obtaining knowledge thereof, (a) notify Lender Agent if any written information, exhibit, or report furnished to the Lender Group contained any untrue statement of a material fact or omitted to state any material fact necessary to make the statements contained therein not misleading in light of the circumstances in which made, and (b) correct any material defect or error that may be discovered therein or in any Loan Document or in the execution, acknowledgement, filing, or recordation thereof.

Appears in 2 contracts

Sources: Loan and Security Agreement (Dairy Mart Convenience Stores Inc), Loan and Security Agreement (Frontstep Inc)

Disclosure Updates. Promptly and in no event later than 5 Business Days after obtaining knowledge thereof, (a) notify the Lender if any written information, exhibit, or report furnished furnished, or any representation or warranty made by the Borrower, to the Lender is or becomes untrue in any respect, contained any untrue statement of a material fact fact, or omitted to state any material fact necessary to make the statements contained therein not misleading in light of the circumstances in which made, and (b) correct any defect or error that may be discovered therein or in any Loan Document or in the execution, acknowledgement, filing, or recordation thereof.

Appears in 1 contract

Sources: Loan and Security Agreement (Quest Minerals & Mining Corp)

Disclosure Updates. Promptly and in no event later than 5 Business Days after obtaining knowledge thereof, (a) notify Lender the Purchasers if any written information, exhibit, or report furnished to Lender the Purchasers contained any untrue statement of a material fact or omitted to state any material fact necessary to make the statements contained therein not misleading in light of the circumstances in which made, and (b) correct any defect or error that may be discovered therein or in any Loan Document or in the execution, acknowledgement, filing, or recordation thereof.

Appears in 1 contract

Sources: Note Purchase Agreement (Greka Energy Corp)

Disclosure Updates. Promptly and in no event later than 5 five Business Days after obtaining knowledge thereof, (a) notify Lender if any written information, exhibit, or report furnished to Lender contained any untrue statement of a material fact or omitted to state any material fact necessary to make the statements contained therein not misleading in light of the circumstances in which made, and (b) correct any defect or error that may be discovered therein or in any Loan Related Document or in the execution, acknowledgement, filing, or recordation thereof.

Appears in 1 contract

Sources: Loan and Stock Purchase Agreement (Autotradecenter Com Inc)

Disclosure Updates. Promptly and in no event later than 5 Business Days after obtaining knowledge thereof, (a) notify Lender if any written information, exhibit, or report furnished to Lender contained any untrue statement of a material fact or omitted to state any material fact necessary to make the statements contained therein not misleading in light of the circumstances in which made, and (b) correct any defect or error that may be discovered therein or in any Subsidiary Loan Document or in the execution, acknowledgement, filing, or recordation thereof.

Appears in 1 contract

Sources: Loan Agreement (Futurelink Corp)

Disclosure Updates. Promptly and in no event later than 5 Business Days after obtaining knowledge thereofthereof (unless a longer period of time is specifically provided for in another Section of this Agreement), (a) notify Lender if any written information, exhibit, or report furnished to Lender contained any untrue statement of a material fact or omitted to state any material fact necessary to make the statements contained therein not misleading in light of the circumstances in which made, and (b) correct any defect or error that may be discovered therein or in any Loan Document or in the execution, acknowledgement, filing, or recordation thereof.

Appears in 1 contract

Sources: Loan and Security Agreement (Fortegra Financial Corp)

Disclosure Updates. Promptly and in no event later than 5 Business Days after obtaining knowledge thereof, (a) notify Lender if any written information, schedule exhibit, or report furnished to Lender contained any untrue statement of a material fact or omitted to state any material fact necessary to make the statements contained therein not misleading in light of the circumstances in which made, and (b) correct any defect or error that may be discovered therein or in any Loan Document or in the execution, acknowledgement, filing, or recordation thereof.

Appears in 1 contract

Sources: Loan and Security Agreement (MRS Fields Holding Co Inc)