Common use of Notify Bank immediately Clause in Contracts

Notify Bank immediately. upon acquiring knowledge of (a) the institution or threatened institution of any lawsuit or administrative proceeding which, if adversely determined, might adversely affect any Borrower; (b) any material adverse change in the assets, liabilities, financial condition, business or affairs of any Borrower; (c) any Event of Default; or (d) any reportable event or any prohibited transaction in connection with any employee benefit plan.

Appears in 2 contracts

Samples: Restatement of Credit Agreement (Tanisys Technology Inc), Credit Agreement (Tanisys Technology Inc)

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Notify Bank immediately. upon acquiring knowledge of (a) the institution or threatened institution of any lawsuit or administrative proceeding which, if adversely determined, might materially adversely affect any Borrower; (b) any material adverse change in the assets, liabilities, financial condition, business or affairs of any Borrower; (c) any Event of Default; or (d) any reportable event or any prohibited transaction involving potentially material adverse effect in connection with any employee benefit plan.

Appears in 2 contracts

Samples: Credit Agreement (Pervasive Software Inc), Restatement of Credit Agreement (Pervasive Software Inc)

Notify Bank immediately. upon acquiring knowledge of (a) the institution or threatened institution of any material lawsuit or administrative proceeding which, if adversely determined, might materially adversely affect any Borrower; (b) any material adverse change in the assets, liabilities, financial condition, business or affairs of any Borrower; (c) any Event of Default; or (d) any reportable event or any prohibited transaction in connection with any employee benefit plan.

Appears in 1 contract

Samples: Credit Agreement (Xetel Corp)

Notify Bank immediately. upon acquiring knowledge of (a) the a)'the institution or threatened institution of any lawsuit or administrative proceeding which, if adversely determined, might materially adversely affect any Borrower; (b) any material adverse change in the assets, liabilities, financial condition, business or affairs of any Borrower; (c) any Event of Default; or (d) any reportable event or any prohibited transaction in connection with any employee benefit plan.

Appears in 1 contract

Samples: Credit Agreement (PSW Technologies Inc)

Notify Bank immediately. upon acquiring knowledge of (a) the institution or threatened institution of any lawsuit or administrative proceeding which, if adversely determined, might adversely affect any Borrower; (b) any material adverse change in the assets, liabilities, financial condition, business or affairs of or any Borrower; , (c) any Event of Default; or (d) any reportable event or any prohibited transaction in connection with any employee benefit plan.

Appears in 1 contract

Samples: Credit Agreement (Tanisys Technology Inc)

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Notify Bank immediately. upon acquiring knowledge of (a) the institution or threatened institution of any lawsuit or administrative proceeding which, if adversely determined, might adversely affect any Borrower; (b) any material adverse change in the assets, liabilities, financial condition, business or affairs of any Borrower; (c) any Event of Default; or (d) any reportable event or any prohibited transaction (as defined by ERISA) in connection with any employee benefit plan.

Appears in 1 contract

Samples: And Restatement of Credit Agreement (Handy Hardware Wholesale Inc)

Notify Bank immediately. upon acquiring knowledge of (a) the institution or threatened institution of any lawsuit or administrative proceeding which, if adversely determined, might adversely affect any Borrower; (b) any material adverse change in the assets, liabilities, financial condition, business or affairs of any Borrower; (c) any Event of Default; or (d) any reportable event or any prohibited transaction in connection with any employee benefit plan.

Appears in 1 contract

Samples: Credit Agreement (Turbochef Technologies Inc)

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