Common use of Reports and Information to Syndication Parties Clause in Contracts

Reports and Information to Syndication Parties. Agent shall use reasonable efforts to provide to Syndication Parties, as soon as practicable after actual knowledge thereof is acquired by an officer thereof primarily responsible for Agent's duties as such with respect to the Loan or primarily responsible for the credit relationship between Wellx Xxxgo and Borrowers: (a) notice of the existence of any Event of Default or Potential Default under the Loan Documents, and (b) any material factual information which has a material adverse effect on the creditworthiness of Borrowers, or any of them and Borrowers hereby authorize such disclosure by Agent to the Syndication Parties. Failure of Agent to provide the information referred to in this Section shall not result in any liability upon, or right to make a claim against, Agent except where a court of competent jurisdiction renders a final non- appealable determination that such failure is a result of the willful misconduct or gross negligence of Agent. Syndication Parties acknowledge and agree that all information and reports received pursuant to this Agreement will be received in confidence in connection with their Syndication Interest, and that such information and reports constitute confidential information and shall not be disclosed to any third party, except pursuant to appropriate legal or regulatory process, (or used by the Syndication Party except in connection with the Loan and its Syndication Interest) without the prior written consent of Agent or Borrowers, as applicable.

Appears in 1 contract

Samples: Credit Agreement (Edwards J D & Co)

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Reports and Information to Syndication Parties. Agent shall use reasonable efforts to provide to Syndication Parties, as soon as practicable after actual knowledge thereof is acquired by an officer thereof primarily responsible for Agent's duties as such with respect to the Loan or primarily responsible for the credit relationship between Wellx Xxxgo Agent and BorrowersBorrower: (a) notice of the existence of any Event of Default or Potential Default under the Loan Documents, and (b) any material factual information which has a material adverse effect on the creditworthiness of Borrowers, or any of them Borrower and Borrowers Borrower hereby authorize authorizes such disclosure by Agent to the Syndication Parties. Failure of Agent to provide the information referred to in this Section shall not result in any liability upon, or right to make a claim against, Agent except where a court of competent jurisdiction renders a final non- non-appealable determination that such failure is a result of the willful misconduct or gross negligence of Agent. Syndication Parties acknowledge and agree that all information and reports received pursuant to this Agreement will be received in confidence in connection with their Syndication Interest, and that such information and reports constitute confidential information and shall not be disclosed to any third party, except pursuant to appropriate legal or regulatory process, (or used by the Syndication Party except in connection with the Loan and its Syndication Interest) without the prior written consent of Agent or BorrowersBorrower, as applicable.

Appears in 1 contract

Samples: Credit Agreement (Ecoscience Corp/De)

Reports and Information to Syndication Parties. Agent shall use reasonable efforts to provide to Syndication Parties, as soon as practicable after actual knowledge thereof is acquired by an officer thereof primarily responsible for Agent's duties as such with respect to the Loan or primarily responsible for the credit relationship between Wellx Xxxgo Agent and BorrowersBorrower: (a) notice of the existence of any Event of Default or Potential Default under the Loan Documents, and (b) any material factual information which has a material adverse effect on the creditworthiness of Borrowers, or any of them Borrower and Borrowers Borrower hereby authorize authorizes such disclosure by Agent to the Syndication Parties. Failure of Agent to provide the information referred to in this Section shall not result in any liability upon, or right to make a claim against, Agent except where a court of competent jurisdiction renders a final non- non-appealable determination that such failure is a result of the willful misconduct or gross negligence of Agent. Syndication Parties acknowledge and agree that all information and reports received pursuant to this Term Credit Agreement will be received in confidence in connection with their Syndication Interest, and that such information and reports constitute confidential information and shall not be disclosed to any third party, except pursuant to appropriate legal or regulatory process, (or used by the Syndication Party except in connection with the Loan and its Syndication Interest) without the prior written consent of Agent or BorrowersBorrower, as applicable.

Appears in 1 contract

Samples: Credit Agreement (Ecoscience Corp/De)

Reports and Information to Syndication Parties. Agent shall use reasonable efforts to provide to Syndication Parties, as soon as practicable after actual knowledge thereof is acquired by an officer thereof primarily responsible for Agent's duties as such with respect to the Loan or primarily responsible for the credit relationship between Wellx Xxxgo Agent and BorrowersBorrower: (a) notice of the existence of any Event of Default or Potential Default under the Loan Documents, and (b) any material factual information which has a material adverse effect on the creditworthiness of Borrowers, or any of them Borrower and Borrowers Borrower hereby authorize authorizes such disclosure by Agent to the Syndication Parties. Failure of Agent to provide the information referred to in this Section shall not result in any liability upon, or right to make a claim against, Agent except where a court of competent jurisdiction renders a final non- non-appealable determination that such failure is a result of the willful misconduct or gross negligence of Agent. Syndication Parties acknowledge and agree that all information and reports received pursuant to this Construction Credit Agreement will be received in confidence in connection with their Syndication Interest, and that such information and reports constitute confidential information and shall not be disclosed to any third party, except pursuant to appropriate legal or regulatory process, (or used by the Syndication Party except in connection with the Loan and its Syndication Interest) without the prior written consent of Agent or BorrowersBorrower, as applicable.

Appears in 1 contract

Samples: Credit Agreement (Ecoscience Corp/De)

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Reports and Information to Syndication Parties. Agent shall use reasonable efforts to provide to Syndication Parties, as soon as practicable after actual knowledge thereof is acquired by an officer thereof primarily responsible for Agent's duties as such with respect to the Loan or primarily responsible for the credit relationship between Wellx Xxxgo and Borrowers: (a) notice of the existence of any Event of Default or Potential Default under the Loan Documents, and (b) any material factual information which has a material adverse effect on the creditworthiness of Borrowers, or any of them and Borrowers hereby authorize such disclosure by Agent to the Syndication Parties. Failure of Agent to provide the information referred to in this Section shall not result in any liability upon, or right to make a claim against, Agent except where a court of competent jurisdiction renders a final non- non-appealable determination that such failure is a result of the willful misconduct or gross negligence of Agent. Syndication Parties acknowledge and agree that all information and reports received pursuant to this Agreement will be received in confidence in connection with their Syndication Interest, and that such information and reports constitute confidential information and shall not be disclosed to any third party, except pursuant to appropriate legal or regulatory process, (or used by the Syndication Party except in 50 connection with the Loan and its Syndication Interest) without the prior written consent of Agent or Borrowers, as applicable.

Appears in 1 contract

Samples: Credit Agreement (Edwards J D & Co)

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