Common use of Information: miscellaneous Clause in Contracts

Information: miscellaneous. Each Borrower shall supply to the Agent (in sufficient copies for all the Finance Parties, if the Agent so requests): (a) all documents dispatched by that Borrower to its shareholders (or any class of them) or its creditors generally at the same time as they are despatched; (b) promptly upon becoming aware of them, details of any litigation, arbitration or administrative proceedings which are current, threatened or pending against that Borrower or which are current, threatened or pending against any other member of the Group or any other Obligor, and which might, if adversely determined, have a Material Adverse Effect; (c) promptly, such further information regarding the financial condition, business and operations of each Obligor as any Finance Party (through the Agent) may reasonably request; (d) promptly, such further information regarding the Charged Assets as any Finance Party (through the Agent) may reasonably request; (e) promptly, any notice being received from any competent authority amending, terminating or suspending or threatening to amend, terminate or suspend any Authorisation where such action (or implementing the result thereof) constitutes a Material Adverse Effect; and (f) promptly, upon becoming aware of them, details of any circumstances which may lead to: (i) any Authorisation not being obtained or effected or not remaining in full force and effect (other than in accordance with its terms); or (ii) any Authorisation not being obtained, renewed or effected when required, where failure to obtain and/or maintain the same constitutes a Material Adverse Effect.

Appears in 4 contracts

Sources: Facility Agreement (Seanergy Maritime Holdings Corp.), Facility Agreement (Seanergy Maritime Holdings Corp.), Facility Agreement (Seanergy Maritime Holdings Corp.)

Information: miscellaneous. Each Borrower The Charterers shall supply to the Agent (in sufficient copies for all the Finance Parties, if the Agent so requests): Owners: (a) all documents dispatched by that Borrower any Obligor to its shareholders (or any class of them) or its creditors generally at the same time as they are despatched; ; (b) promptly upon becoming aware of them, the details of any litigation, arbitration or administrative proceedings which are current, threatened or pending against that Borrower or which are currentany Obligor, threatened or pending against any other member of the Group or any the Vessel with a claim amount of more than United States Dollars One Million Five Hundred Thousand (US$1,500,000) (or its equivalent in other Obligor, and currencies) or which might, if adversely determined, have a Material Adverse Effect; ; (c) promptly, such further information regarding the financial condition, business and operations of each the Vessel, any Obligor or any other member of the Group (including copies of class, technical and other certificates relating to the Vessel) as any Finance Party (through the Agent) Owners may reasonably request; request (provided that, in respect of any information referred to this sub-paragraph (c) regarding any member of the Group that is not an Obligor, before the occurrence of a Termination Event that is continuing, the Owners may only request such information for the purpose of determining whether a Termination Event has occurred and is continuing); and (d) promptly, such further information regarding the Charged Assets as any Finance Party (through the Agent) may reasonably request; (e) promptly, any notice being received from any competent authority amending, terminating or suspending or threatening to amend, terminate or suspend any Authorisation where such action (or implementing the result thereof) constitutes a Material Adverse Effect; and (f) promptly, upon becoming aware of them, details of any circumstances which may lead to: (i) change in authorised signatories of any Authorisation not being obtained Obligor signed by a director or effected or not remaining in full force and effect (other than in accordance with its terms); or (ii) company secretary of such Obligor accompanied by specimen signatures of any Authorisation not being obtained, renewed or effected when required, where failure to obtain and/or maintain the same constitutes a Material Adverse Effectnew authorised signatories.

Appears in 4 contracts

Sources: Bareboat Charter (DryShips Inc.), Bareboat Charter (DryShips Inc.), Bareboat Charter (DryShips Inc.)

Information: miscellaneous. Each Borrower The Company shall supply to the Agent (in sufficient copies for all the Finance PartiesLenders, if the Agent so requests): (a) all documents dispatched promptly upon becoming aware of them, the details of the filing or commencement of any action, suit or proceeding by that Borrower to its shareholders (or before any arbitrator or Governmental Authority against or affecting the Company or any class of them) or its creditors generally at the same time as they are despatchedAffiliates that, if adversely determined, could reasonably be expected to result in a Material Adverse Effect; (b) promptly upon becoming aware of them, the details of the occurrence of any litigationERISA Event that, arbitration alone or administrative proceedings which are current, threatened or pending against that Borrower or which are current, threatened or pending against together with any other member of the Group or any other ObligorERISA Events that have occurred, and which might, if adversely determined, have could reasonably be expected to result in a Material Adverse Effect; (c) promptly upon becoming aware of them, the details of any other development that results in, or could reasonably be expected to result in, a Material Adverse Effect; (d) if the Agent reasonably requests, promptly after the same become publicly available, copies of all periodic and other reports, proxy statements and other materials filed (excluding copies of any reports, statements or other materials that are publicly available from the SEC on ▇▇▇▇▇) by any member of the Group with the SEC, or any Governmental Authority succeeding to any or all of the functions of the SEC, or with any national securities exchange, or distributed by the Company to its shareholders generally, as the case may be; (e) promptly after ▇▇▇▇▇’▇ or S&P shall have announced a change in the ▇▇▇▇▇’▇ Rating or the S&P Rating, respectively, written notice of such rating change; (f) promptly upon their coming into full force and effect, such information on any amendment, restatement, supplement or other modification to the US Facility as the Agent may reasonably request including, but not limited to, copies of any documentation effecting such amendment, restatement, supplement or other modification; and (g) promptly, such further information regarding the financial condition, business affairs and operations of each Obligor any member of the Group, or compliance with the terms of this Agreement, as any Finance Party (through the Agent) may reasonably request; (d) promptly, such further information regarding the Charged Assets as any Finance Party (through the Agent) may reasonably request; (e) promptly, any notice being received from any competent authority amending, terminating or suspending or threatening to amend, terminate or suspend any Authorisation where such action (or implementing the result thereof) constitutes a Material Adverse Effect; and (f) promptly, upon becoming aware of them, details of any circumstances which may lead to: (i) any Authorisation not being obtained or effected or not remaining in full force and effect (other than in accordance with its terms); or (ii) any Authorisation not being obtained, renewed or effected when required, where failure to obtain and/or maintain the same constitutes a Material Adverse Effect.

Appears in 2 contracts

Sources: Facility Agreement (Smithfield Foods Inc), Credit Agreement (Smithfield Foods Inc)

Information: miscellaneous. Each Borrower The Charterers shall supply to the Agent (in sufficient copies for all the Finance Parties, if the Agent so requests):Owners: (a) all documents dispatched by that Borrower any Obligor to its shareholders (or any class of them) or its creditors generally at the same time as they are despatched; (b) promptly upon becoming aware of them, the details of any litigation, arbitration or administrative proceedings which are current, threatened or pending against that Borrower or which are currentany Obligor, threatened or pending against any other member of the Group or any the Vessel with a claim amount of more than United States Dollars One Million Five Hundred Thousand (US$1,500,000) (or its equivalent in other Obligor, and currencies) or which might, if adversely determined, have a Material Adverse Effect; (c) promptly, such further information regarding the financial condition, business and operations of each the Vessel, any Obligor or any other member of the Group (including copies of class, technical and other certificates relating to the Vessel) as any Finance Party (through the Agent) Owners may reasonably request;request (provided that, in respect of any information referred to this sub-paragraph (c) regarding any member of the Group that is not an Obligor, before the occurrence of a Termination Event that is continuing, the Owners may only request such information for the purpose of determining whether a Termination Event has occurred and is continuing); and (d) promptly, such further information regarding the Charged Assets as any Finance Party (through the Agent) may reasonably request; (e) promptly, any notice being received from any competent authority amending, terminating or suspending or threatening to amend, terminate or suspend any Authorisation where such action (or implementing the result thereof) constitutes a Material Adverse Effect; and (f) promptly, upon becoming aware of them, details of any circumstances which may lead to: change in authorised signatories of any Obligor signed BBC Rider Clause (i▇▇▇▇▇▇▇▇▇▇) (20180426) by a director or company secretary of such Obligor accompanied by specimen signatures of any Authorisation not being obtained or effected or not remaining in full force and effect (other than in accordance with its terms); or (ii) any Authorisation not being obtained, renewed or effected when required, where failure to obtain and/or maintain the same constitutes a Material Adverse Effectnew authorised signatories.

Appears in 1 contract

Sources: Bareboat Charter (DryShips Inc.)