Common use of Material Adverse Effect on Collateral Clause in Contracts

Material Adverse Effect on Collateral. As soon as possible, upon the Borrower becoming aware of any default related to any Collateral which should reasonably be expected to have a Material Adverse Effect;

Appears in 5 contracts

Samples: Loan and Security Agreement (Mr. Cooper Group Inc.), Loan and Security Agreement (Mr. Cooper Group Inc.), Loan and Security Agreement (Mr. Cooper Group Inc.)

AutoNDA by SimpleDocs

Material Adverse Effect on Collateral. As soon as possible, each Borrower shall inform Lender in writing upon the such Borrower becoming aware of any default related to any Collateral which should reasonably be expected to have a Material Adverse Effect;.

Appears in 4 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement (PennyMac Mortgage Investment Trust), Loan and Security Agreement (PennyMac Mortgage Investment Trust)

AutoNDA by SimpleDocs

Material Adverse Effect on Collateral. As soon as possible, Borrower shall inform Lender in writing upon the Borrower becoming aware of any default related to any Collateral which should reasonably be expected to have a Material Adverse Effect;.

Appears in 3 contracts

Samples: Loan and Security Agreement (Pennymac Financial Services, Inc.), Loan and Security Agreement (Pennymac Financial Services, Inc.), Loan and Security Agreement (PennyMac Mortgage Investment Trust)

Time is Money Join Law Insider Premium to draft better contracts faster.