Common use of Notification By Customer Clause in Contracts

Notification By Customer. Customer shall provide MLBFS with prompt written notification of: (i) any Default; (ii) any materially adverse change in the business, financial condition or operations of Customer or any Business Guarantor; (iii) any information which indicates that any financial statements of Customer or any Guarantor fail in any material respect to present fairly the financial condition and results of operations purported to be presented in such statements; and (iv) any change in Customer's outside accountants. Each notification by Customer pursuant hereto shall specify the event or information causing such notification, and, to the extent applicable, shall specify the steps being taken to rectify or remedy such event or information.

Appears in 4 contracts

Samples: Loan Agreement (Main Street & Main Inc), Loan Agreement (Main Street & Main Inc), Loan and Security Agreement (Drugmax Com Inc)

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Notification By Customer. Customer shall provide MLBFS with prompt written notification of: of (i) any Default; , (ii) any materially adverse change in the business, financial condition or operations of Customer or any Business Guarantor; , (iii) any information which indicates that any financial statements of Customer or any Guarantor fail in any material respect to present fairly the financial condition and results of operations purported to be presented in such statements; , and (iv) any change in Customer's Customers outside accountantsaccounts. Each notification by Customer pursuant hereto shall specify the event or information causing such notification, and, to the extent applicable, shall specify the steps being taken to rectify or remedy such event or information.

Appears in 1 contract

Samples: Loan and Security Agreement (Dynacq Healthcare Inc)

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