Notice of Default; Material Adverse Effect Sample Clauses

Notice of Default; Material Adverse Effect. Promptly upon any Authorized Representative of Borrowers obtaining knowledge (i) of any condition or event that constitutes a Default or an Event of Default or that notice has been given to Borrowers or any other Credit Party with respect thereto; (ii) of any (A) condition or event that constitutes an event of default or enforcement action by lenders under the Project Financing Documents, (B) condition or event that constitutes or causes a material force majeure, material casualty loss or material condemnation and (C) notice that has been given to Credit Parties with respect to the items set forth in clauses (A) and (B); (iii) that any Person has given any notice to any Credit Party or taken any action asserting the occurrence of any event or condition set forth in Section 8.1(b); or (iv) of the occurrence of any other event or change that has caused or evidences, either in any case or in the aggregate, a Material Adverse Effect, in each case, deliver a certificate of its Authorized Representatives specifying the nature and period of existence of such condition, event or change, or specifying the notice given and action taken by any such Person and the nature of such claimed Event of Default, Default, default, event or condition, and what action any Credit Party has taken, is taking and proposes to take with respect thereto; provided, however, that with respect to the preceding clause (ii), such preparation and delivery of notice shall only be required to the extent a similar preparation and delivery of notice is required pursuant to the applicable Project Financing Documents.
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Notice of Default; Material Adverse Effect. Promptly and in any event within three days after any officer of any Credit Party obtaining knowledge (i) of any condition or event that constitutes a Default or an Event of Default or that notice has been given to Holdings or any of its Subsidiaries with respect thereto; (ii) any notices of default under the ABL Credit Documents or any notice of any Enforcement Action (as defined in the Intercreditor Agreement); (iii) that any Person has given any notice to Holdings or any of its Subsidiaries or taken any other action with respect to any event or condition set forth in Section 8.1(b); or (iv) of the occurrence of any event or change that has caused or evidences, either in any case or in the aggregate, a Material Adverse Effect, a certificate of an Authorized Officer specifying the nature and period of existence of such condition, event or change, or specifying the notice given and action taken by any such Person and the nature of such claimed Default, Event of Default, default, event or condition, and what action the Credit Parties have taken, are taking and propose to take with respect thereto; (g)
Notice of Default; Material Adverse Effect. Promptly upon any Authorized Officer of any Credit Party obtaining knowledge (i) of any condition or event that constitutes a Default or an Event of Default, (ii) of any condition or event that constitutes a default or event of default under the CRSA or any condition or event that would otherwise give the Assignor the right to terminate the CRSA or notice from any Person or action taken by any such Person with respect thereto, (iii) the occurrence of a Security Incident (as such term is defined in the CRSA), or (iv) of the occurrence of any Material Adverse Effect, including as a result of a lost HC Claim, to the extent such lost HC Claim could reasonably be expected to have a Material Adverse Effect on the business, operations, assets, condition (financial or otherwise) or liabilities of a Credit Party, the Credit Parties shall deliver, or cause to be delivered, to the Administrative Agent a certificate of one of its Authorized Officers specifying the nature and period of existence of such condition, event or change, or specifying the notice given and action taken by any such Person and the nature of such claimed Event of Default, Default, default, event or condition, and what action the applicable Credit Party has taken, is taking and proposes to take with respect thereto.
Notice of Default; Material Adverse Effect. Promptly, and in any event within 10 days after an executive officer of the Borrower becomes aware of, the existence of any Default or Event of Default or of any event or circumstance which could reasonably be expected to have a Material Adverse Effect.
Notice of Default; Material Adverse Effect. Promptly upon any senior officer of any member of the Corvus Group obtaining knowledge (i) of any condition or event that constitutes a default under the terms of this Agreement (including without limitation any breach of any representation or warranty set forth in Section 8), or that notice has been given to any member of the Corvus Group with respect thereto; or (ii) the occurrence of any event or change that has caused or evidences, either in any case or in the aggregate, a Material Adverse Effect, Borrower shall provide notice to Lender describing the nature of the issue and the action the Corvus Group has taken, is taking, and proposes to take with respect thereto. 13.
Notice of Default; Material Adverse Effect. Promptly, and in any event within ten (10) Business Days, (i) upon any Responsible Officer of any Loan Party obtaining knowledge (A) of the occurrence of a Default or an Event of Default that is continuing or (B) of the occurrence of any event or change that has caused or evidences, either in any case or in the aggregate, a Material Adverse Effect, written notice thereof specifying the nature and period of existence of such condition, event or change and the corrective action (if any) taken or proposed to be taken with respect thereto and (ii) upon any Responsible Officer of the Tribe obtaining knowledge (A) of the occurrence of a Default or Event of Default by or with respect to the Tribe that is continuing or (B) of the occurrence of any event or change with respect to the Tribe that has caused or evidences, either in any case or in the aggregate, a Material Adverse Effect, written 134 notice thereof specifying the nature and period of existence of such condition, event or change and the corrective action (if any) taken or proposed to be taken with respect thereto;
Notice of Default; Material Adverse Effect. Promptly upon any Authorized Representative of Borrowers obtaining knowledge (i) of any condition or event that constitutes a Default or an Event of Default or that notice has been given to Borrowers or any other Credit Party with respect thereto; (ii) of any (A) condition or event that constitutes an event of default or enforcement action by lenders under the Project Financing Documents, (B) condition or event that constitutes or causes a material force majeure, material casualty loss or material condemnation and (C) notice that has been given to Credit Parties with respect to the items set forth in clauses (A) and (B); (iii) that any Person has given any notice to any Credit Party or taken any action asserting the occurrence of any event or condition set forth in Section -109- CREDIT AGREEMENT (PATTERN REVOLVER)
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Notice of Default; Material Adverse Effect. Promptly upon becoming aware of any of the following, written notice describing the same and the steps being taken by Borrower affected thereby with respect thereto: (a)the occurrence of a Default or an Event of Default; and (b) any other event (including the enactment or effectiveness of any law, rule or regulation) which would reasonably be expected to have a Material Adverse Effect.
Notice of Default; Material Adverse Effect. The Borrower will give, and will cause each of its Subsidiaries to give, prompt notice in writing to the Administrative Agent and the Lenders of the occurrence of any Default or Event of Default and of any other development, financial or otherwise, which could reasonably be expected to have a Material Adverse Effect.
Notice of Default; Material Adverse Effect. Upon any of the officers or directors of the Borrower becoming aware of any of the events or occurrences in clauses (i) through (iii) below, Borrower will promptly notify Lenders of (i) any breach of any of the covenants contained herein, (ii) any change in circumstance that would reasonably result in a Material Adverse Effect with respect to the Borrower or the Collateral, or (iii) the filing of any claim, action, suit or proceeding before any Governmental Authority against the Borrower or any of their respective Subsidiaries in which an adverse decision could have a Material Adverse Effect upon the Borrower and advise Agents from time to time of the status thereof.
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