Common use of Prompt Notification Clause in Contracts

Prompt Notification. If Chargor becomes aware that any person or entity is asserting any lien, encumbrance, security interest or adverse claim (including any writ, garnishment, judgment, warrant of attachment, execution or similar process or any claim of control) against any funds in any Securities Account, Chargor shall promptly notify Investor thereof.

Appears in 3 contracts

Sources: Note Subscription Agreement, Note Subscription Agreement (Cheng Zheng), Note Subscription Agreement (Cheng Zheng)