Common use of Default Notices Clause in Contracts

Default Notices. Seller Parties or Guarantors shall furnish to Administrative Agent (i) promptly, copies of any material and adverse notices (including, without limitation, notices of defaults, breaches, potential defaults or potential breaches) and any material financial information that is not otherwise required to be provided by Seller Parties or Guarantors hereunder which is given to Seller Parties’ or Guarantors’ lenders and (ii) immediately, notice of the occurrence of any (A) Event of Default hereunder, (B) default or breach by Seller Parties or Servicer or Guarantors of any obligation under any Program Agreement or any material contract or agreement of Seller Parties, Servicer or Guarantors or (C) event or circumstance that such party reasonably expects has resulted in, or will, with the passage of time, result in, a Material Adverse Effect or an Event of Default or such a default or breach by such party.

Default Notices. Seller Parties or Guarantors shall furnish to Administrative Agent Buyer (i) promptly, copies of any material and adverse notices (including, without limitation, notices of defaults, breaches, potential defaults or potential breaches) and any material financial information that is not otherwise required to be provided by Seller Parties or Guarantors hereunder which is given to Seller Parties’ or Guarantors’ Seller’s lenders and (ii) immediately, notice of the occurrence of any (A) Event of Default hereunder, (B) default or breach by Seller Parties or Servicer or Guarantors of any obligation under any Program Agreement or any material contract or agreement of Seller Parties, or Servicer or Guarantors or (C) event or circumstance that such party reasonably expects has resulted in, or will, with the passage of time, result in, a Material Adverse Effect or an Event of Default or such a default or breach by such party.

Default Notices. Seller Parties or and Guarantors shall each furnish to Administrative Agent Buyer (i) promptly, copies of any material and adverse notices (including, without limitation, notices of defaults, breaches, potential defaults or potential breaches) and any material financial information that is not otherwise required to be provided by Seller Parties or Guarantors hereunder which is given to Seller Parties’ Seller’s or Guarantors’ lenders and (ii) immediately, notice of the occurrence of any (A) Event of Default hereunder, (B) default or breach by Seller Parties Seller, Guarantors or any Servicer or Guarantors which is an Affiliate of any obligation under any Program Agreement or any material contract or agreement of Seller PartiesSeller, Guarantors or any Servicer or Guarantors which is an Affiliate or (C) event or circumstance that such party reasonably expects has resulted in, or will, with the passage of time, result in, a Material Adverse Effect or an Event of Default or such a default or breach by such party.

Default Notices. Seller Parties or Guarantors Guarantor shall furnish to Administrative Agent Buyer (i) promptly, copies of any material and adverse notices (including, without limitation, notices of defaults, breaches, potential defaults or potential breaches) and any material financial information that is not otherwise required to be provided by Seller Parties or Guarantors Guarantor hereunder which is given to Seller Parties’ Seller’s or Guarantors’ Guarantor’s lenders and (ii) immediately, notice of the occurrence of any (A) Event of Default hereunder, (B) default or breach by Seller Parties or Servicer or Guarantors Guarantor of any obligation under any Program Agreement or any material contract or agreement of Seller Parties, or Servicer or Guarantors Guarantor or (C) event or circumstance that such party reasonably expects has resulted in, or will, with the passage of time, result in, a Material Adverse Effect or an Event of Default or such a default or breach by such party.

Default Notices. Seller Parties or Guarantors shall furnish to Administrative Agent Buyer (i) promptly, copies of any material and adverse notices (including, without limitation, notices of defaults, breaches, potential defaults or potential breaches) and any material financial information that is not otherwise required to be provided by Seller Parties or Guarantors hereunder which is given to Seller Parties’ or Guarantors’ lenders and (ii) immediately, notice of the occurrence of any (A) Event of Default hereunder, (B) default or breach by Seller Parties or Servicer or Guarantors of any obligation under any Program Agreement or any material contract or agreement of Seller Parties, Servicer or Guarantors or (C) event or circumstance that such party reasonably expects has resulted in, or will, with the passage of time, result in, a Material Adverse Effect or an Event of Default or such a default or breach by such party.

Default Notices. Seller Parties Sellers or Guarantors Guarantor shall furnish to Administrative Agent Buyer (i) promptly, copies of any material and adverse notices (including, without limitation, notices of defaults, breaches, potential defaults or potential breaches) and any material financial information that is not otherwise required to be provided by Seller Parties or Guarantors Sellers hereunder which is given to Seller Parties’ or GuarantorsSellers’ lenders and (ii) immediately, notice of the occurrence of any (A) Event of Default hereunder, (B) default or breach in any material respect by any Seller Parties or Servicer Servicer, REO Subsidiary or Guarantors Guarantor of any obligation under any Program Agreement or any material contract or agreement of Seller PartiesSellers or Servicer, Servicer REO Subsidiary or Guarantors Guarantor or (C) event or circumstance that such party reasonably expects has resulted in, or will, with the passage of time, result in, a Material Adverse Effect or an Event of Default or such a default or breach by such party.

Default Notices. Seller Parties or Guarantors and Guarantor shall each furnish to Administrative Agent Buyer (i) promptly, copies of any material and adverse notices (including, without limitation, notices of defaults, termination events, breaches, potential defaults or potential breaches) and any material financial information that is not otherwise required to be provided by Seller Parties or Guarantors Guarantor hereunder which is given to Seller Parties’ Seller’s or Guarantors’ Guarantor’s lenders and (ii) immediatelypromptly, notice of the occurrence of any (A) Event of Default hereunder, (B) default or breach by Seller Parties or Servicer or Guarantors Guarantor of any obligation under any Program Agreement or any material contract or agreement of Seller Parties, or Servicer or Guarantors Guarantor or (C) event or circumstance that such party reasonably expects has resulted in, or will, with the passage of time, result in, a Material Adverse Effect or Effect, an Event of Default or such a default or breach by such party.

Default Notices. Seller Parties or Guarantors Guarantor shall furnish to Administrative Agent (i) promptly, copies of any material and adverse notices (including, without limitation, notices of defaults, breaches, potential defaults or potential breaches) and any material financial information that is not otherwise required to be provided by Seller Parties or Guarantors Guarantor hereunder which is given to Seller Parties’ Seller’s or Guarantors’ Guarantor’s lenders and (ii) immediately, notice of the occurrence of any (A) Event of Default hereunder, (B) default or breach by Seller Parties or Servicer or Guarantors Guarantor of any obligation under any Program Agreement or any material contract or agreement of Seller Parties, or Servicer or Guarantors Guarantor or (C) event or circumstance that such party reasonably expects has resulted in, or will, with the passage of time, result in, a Material Adverse Effect or an Event of Default or such a default or breach by such party.

Default Notices. Seller Parties or Guarantors shall furnish to Administrative Agent Buyer (i) promptly, copies of any material and adverse notices (including, without limitation, notices of defaults, breaches, potential defaults or potential breaches) and any material financial information that is not otherwise required to be provided by Seller Parties or Guarantors hereunder which is given to Seller Parties’ Seller’s or Guarantors’ Guarantor’s lenders and (ii) immediately, notice of the occurrence of any (A) Event of Default hereunder, (B) default or breach by Seller Parties or Servicer or Guarantors of any obligation under any Program Agreement or any material contract or agreement of Seller Parties, or Servicer or Guarantors or (C) event or circumstance that such party reasonably expects has resulted in, or will, with the passage of time, result in, a Material Adverse Effect or an Event of Default or such a default or breach by such party.