Notify Bank Sample Clauses
Notify Bank. Promptly inform the Bank if any one or more of the representations and warranties made by the Borrower in this Agreement or in any document related hereto shall no longer be entirely true, accurate and complete in any material respect.
Notify Bank of each location and of each office of Borrower at which records of Borrower relating to the Accounts are kept;
Notify Bank within three (3) Business Days after the occurrence thereof, in writing of any of the following events:
(a) the termination of any Pension Plan pursuant to Subtitle C of Title IV of ERISA or otherwise;
(b) the appointment of a trustee by a United States District Court to administer any Pension Plan;
(c) the commencement by the PBGC, or any successor thereto of any proceeding to terminate any Pension Plan;
(d) the failure of any Pension Plan to satisfy the minimum funding requirements for any plan year as established in Section 412 of the Code;
(e) the withdrawal of Company from a Pension Plan; or
(f) a “reportable event”, within the meaning of Title IV of ERISA, except for any reportable event to which the PBGC has waived the 30-day notice period.
Notify Bank promptly upon becoming aware of the occurrence of any Event of Default or of any fact, condition or event that, with the giving of notice or passage of time, or both, could become an Event of Default, or of the failure of any obligor to observe any of its undertakings hereunder or under the Guaranty.
(1) Fund all its employee benefit plans in accordance with no less than the minimum funding standards of Section 302 of ERISA, (2) promptly advise Bank of the occurrence of any Reportable Event or Prohibited Transaction with respect to any such Employee Benefit Plan(s) and the action which Borrower or such Subsidiary proposes to take with respect thereto; and (3) promptly advise Bank of any claim for withdrawal liability made against it or a member of its Controlled Group.