Notices Regarding Collateral. The Borrower will advise the Administrative Agent and each Lender in writing promptly, in reasonable detail, of (i) any Lien (other than Permitted Liens) asserted or claim made against a material portion of the Collateral, (ii) the occurrence of a material breach by the Borrower of any of its representations, warranties or covenants contained herein and (iii) the occurrence of any other event which would have a material adverse effect on the security interest of the Administrative Agent on behalf of the Secured Parties in the Collateral or the collectability of all or a material portion of the Receivables or which would have a material adverse effect on the security interests of the Administrative Agent for the benefit of the Secured Parties.
Notices Regarding Collateral. Promptly upon receipt from any Manufacturer, the Manager, any Lessee or any Lessee’s insurance carrier or broker, copies of any material notice, communication, document or agreement related to any Portfolio Railcar or other Collateral. Promptly upon a Responsible Officer of any Facility Party obtaining knowledge thereof, notice of Liens with respect to any Collateral other than Permitted Liens.
Notices Regarding Collateral. The Borrower will provide notice to the Collateral Agent, the Backup Servicer, the Image File Custodian, the Administrative Agent and each Lender in writing promptly, in reasonable detail, upon, and in any event within three (3) Business Days of, the Borrower having knowledge of any Lien (other than Permitted Liens) asserted or claim made against a material portion of the Collateral. In addition, the Borrower will inform the Administrative Agent, the Collateral Agent, each Agent and each Lender promptly and in any event within three (3) Business Days, in writing, upon knowledge that any Receivable is not an Eligible Receivable and will cause the Servicer to disclose the identity of the affected Receivables on the next Monthly Report relating to the Collection Period in which such Receivable was determined not to be an Eligible Receivable.
Notices Regarding Collateral the Company will advise the Secured Party promptly, in reasonable detail, (i) of any lien or claim made or asserted against any of the Collateral, and it will defend the Collateral against and take such other action as is necessary to remove, any lien or claim in or to the Collateral; (ii) of any material change in the composition of the Collateral; and (iii) of the occurrence of any other event that would have a material adverse effect on the Collateral taken as a whole or the Secured Party’s Liens.
Notices Regarding Collateral. Promptly upon a Responsible Officer of the Borrower obtaining Knowledge thereof, notice of Liens with respect to any Portfolio Railcar other than Permitted Liens.
Notices Regarding Collateral. The Borrower agrees to notify the Agent, and cause each of the other Credit Parties to notify the Agent (a) of any matters adversely affecting the value, enforceability or collectability of any material Account and of all customer disputes, offsets, defences, counterclaims, returns, rejections and all reclaimed or repossessed merchandise or goods and of any adverse effect in the value of its Inventory, in its reports provided to the Agent hereunder, in such detail and format as the Agent may reasonably require from time to time, and (b) promptly of any such matters which are material, as a whole, to the Accounts and/or the Inventory. The Borrower shall issue credit memoranda and will provide duplicates to the Agent upon its request after the occurrence of a Default or an Event of Default upon accepting returns or granting allowances, and shall cause each of the Credit Parties to do so.
Notices Regarding Collateral. Each Borrower agrees to notify the Agent, and cause each of its Restricted Subsidiaries to notify the Agent (a) of any matters adversely affecting the value, enforceability or collectability of any of its material Accounts and of all material customer disputes, offsets, defences, counterclaims, returns, rejections and all material reclaimed or repossessed merchandise or goods and of any material adverse effect in the value of its Inventory, in its reports provided to the Agent hereunder, in such detail and format as the Agent may reasonably require from time to time, and (b) promptly of any such matters which are material, as a whole, to its Accounts and/or its Inventory. Each Borrower shall issue credit memoranda and will provide duplicates to the Agent upon its request after the occurrence of a Default or an Event of Default upon accepting returns or granting allowances, and shall cause each of its Restricted Subsidiaries to do so.
Notices Regarding Collateral. Promptly advise the Bank, in reasonable detail, of (a) any Lien, other than Permitted Liens, attaching to or asserted against any of the Collateral, (b) except for depreciation and normal wear, tear and deterioration, any material adverse change in the composition of the Collateral and (c) the occurrence of any other event which might have or result in a Material Adverse Effect with respect to the Collateral or on the security interest created under the Collateral Documents.
Notices Regarding Collateral. Promptly upon receipt from any Manufacturer, any insurance carrier or broker, including any TSA Party’s insurance carrier or broker, or any TSA Party, copies of any notice, communication, document or agreement related to any Portfolio Railcar or other Collateral if the effect of such notice, communication, document or agreement would materially adversely affect the interests of the Borrower or the Lenders. Promptly upon a Responsible Officer of the Borrower obtaining knowledge thereof, notice of Liens with respect to any Portfolio Railcar other than Permitted Liens.
Notices Regarding Collateral. The Borrower will provide notice to the Collateral Agent, the Backup Servicer, the Image File Custodian, the Administrative Agent and each Lender in writing promptly, in reasonable detail, upon, and in any event within three (3) Business Days of, the Borrower having knowledge of any Lien (other than Permitted Liens) asserted or claim made against a material portion of the Collateral. In addition, the Borrower will inform the Administrative Agent and each Lender promptly and in any event within three (3) Business Days, in writing, upon knowledge that any Receivable is not an Eligible Receivable and will cause the Servicer to disclose the identity of the affected Receivables on the next Monthly Report relating to the Collection Period in which such Receivable was determined not to be an Eligible Receivable. (o)
