Common use of REGULATORY NOTICES AND COMMUNICATIONS Clause in Contracts

REGULATORY NOTICES AND COMMUNICATIONS. The Borrower shall notify the Agent within fourteen days upon receipt by any Covenant Group Obligor or any member of the UK Group of any notice or communication from any government, court or regulatory authority or agency (including, without prejudice to the generality of the foregoing, the Secretary of State for Trade and Industry, Oftel or the Radiocommunications Agency) which may give rise to the revocation, termination, material adverse amendment, suspension, withdrawal or avoidance of any Licences or any of the terms and conditions thereof if such revocation, termination, material adverse amendment, suspension, withdrawal or avoidance could reasonably be expected to have a Material Adverse Effect.

REGULATORY NOTICES AND COMMUNICATIONS. The Borrower shall notify the Agent within fourteen days upon of receipt by any Covenant Group Obligor or any member of the UK Group of any notice or communication from any government, court or regulatory authority or agency (including, without prejudice to the generality of the foregoing, the Secretary of State for Trade and Industry, Oftel or the Radiocommunications Agency) which may give rise to the revocation, termination, material adverse amendment, suspension, withdrawal or avoidance of any Licences or any of the terms and conditions thereof if such revocation, termination, material adverse amendment, suspension, withdrawal or avoidance could reasonably be expected to have a Material Adverse Effect.