Common use of Notice of Suit or Adverse Change in Business or Default Clause in Contracts

Notice of Suit or Adverse Change in Business or Default. The Borrower shall, as soon as possible, and in any event within five (5) days after the Borrower learns of the following, give written notice to the Banks of (a) any material proceeding(s) being instituted or threatened to be instituted by or against the Borrower or any Subsidiary in any federal, state, local or foreign court or before any commission or other regulatory body (federal, state, local or foreign), (b) any material adverse change in the business, Property or condition, financial or otherwise of the Borrower and (c) the occurrence of any Potential Default or Event of Default.

Notice of Suit or Adverse Change in Business or Default. The Borrower shall, as soon as possible, and in any event within five ten (510) days after the Borrower it learns of the following, give written notice to the Banks Agent and each Bank of (ai) any material proceeding(s) being instituted or threatened to be instituted by or against the Borrower or any Subsidiary in any federal, state, local or foreign court or before any commission or other regulatory body (federal, state, local or foreign), (bii) any material adverse change in the business, Property or condition, financial or otherwise (including, without limitation, any material loss or depreciation in the value of the Borrower Collateral) of the Borrower, and (ciii) the occurrence of any Potential Default or Event of Default.

Notice of Suit or Adverse Change in Business or Default. The Each Borrower shall, as soon as possible, and in any event within five (5) 5 days after the such Borrower learns of the following, give written notice to the Banks Agent of (a) any material proceeding(s) being instituted or threatened to be instituted by or against the any Borrower or any Subsidiary in any federal, state, local or foreign court or before any commission or other regulatory body (federal, state, local or foreign), (b) any material adverse change in the business, Property or condition, financial or otherwise (including, without limitation, any material loss or depreciation in the value of the Collateral) of any Borrower or any Subsidiary, and (c) the occurrence of any Potential Default or Event of Default.

Notice of Suit or Adverse Change in Business or Default. The Each Borrower shall, as soon as possible, and in any event within five (5) days after the such Borrower learns of the following, give written notice to the Banks of (a) any material proceeding(s) being instituted or threatened to be instituted by or against the any Borrower or any Subsidiary in any federal, state, local or foreign court or before any commission or other regulatory body (federal, state, local or foreign), (b) any material adverse change in the business, Property or condition, financial or otherwise of the any Borrower and (c) the occurrence of any Potential Default or Event of Default.