Common use of Other Material Developments Clause in Contracts

Other Material Developments. Any other event, occurrence or circumstance, including a change in Law, that has resulted or could reasonably be expected to result in a material adverse effect on the Guarantor. Each notice pursuant to this Section 9.2 shall be accompanied by a statement of a Responsible Officer of the Guarantor setting forth details of the occurrence referred to therein and stating what action the Guarantor has taken and propose to take with respect thereto. Each notice pursuant to Section 9.2(a) shall describe with particularity any and all provisions of this Guaranty and any other Loan Document under which a Default has occurred.

Appears in 2 contracts

Sources: Loan Agreement (Aaon, Inc.), Guaranty Agreement (Aaon, Inc.)