Common use of Events of Default, Etc Clause in Contracts

Events of Default, Etc. Promptly upon any officer of Borrower ----------------------- obtaining knowledge of any of the following events or conditions, Borrower shall deliver a certificate of Borrower's chief executive officer specifying the nature and period of existence of such condition or event and what action Borrower has taken, is taking and proposes to take with respect thereto: (1) any condition or event that constitutes an Event of Default or Default; (2) any notice of default that any Person has given to Borrower or any of its Subsidiaries or any other action taken with respect to a claimed default; or (3) any Material Adverse Effect.

Appears in 3 contracts

Samples: Loan and Security Agreement (Tower Air Inc), Loan and Security Agreement (Valhi Inc /De/), Loan and Security Agreement (Tower Air Inc)

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Events of Default, Etc. Promptly upon any officer of any Borrower ----------------------- or of any of a Borrower's Subsidiaries obtaining knowledge of any of the following events or conditions, such Borrower shall deliver a certificate of Borrower's its chief executive officer specifying the nature and period of existence of such condition or event and what action such Borrower and/or its Subsidiary has taken, is taking and proposes to take with respect thereto: (1) any condition or event that constitutes an Event of Default or Default; (2) any notice of default that any Person has given to such Borrower or any of its Subsidiaries or any other action taken with respect to a claimed default; or (3) any Material Adverse Effect.

Appears in 1 contract

Samples: Loan Agreement (North Face Inc)

Events of Default, Etc. Promptly upon any officer of Borrower ----------------------- or of ---------------------- any of its Subsidiaries obtaining knowledge of any of the following events or conditions, Borrower shall deliver a certificate of Borrower's chief executive officer specifying the nature and period of existence of such condition or event and what action Borrower and/or its Subsidiary has taken, is taking and proposes to take with respect thereto: (1) any condition or event that constitutes an Event of Default or Default; (2) any notice of default that any Person has given to Borrower or any of its Subsidiaries or any other action taken with respect to a claimed default; or (3) any Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (North Face Inc)

Events of Default, Etc. Promptly upon any officer of Holdings or any Borrower ----------------------- obtaining knowledge of any of the following events or conditions, Borrower Borrowers shall deliver a certificate of each Borrower's chief executive officer specifying the nature and period of existence of such condition or event and what action Borrower has Borrowers have taken, is are taking and proposes propose to take with respect thereto: (1) any condition or event that constitutes an Event of Default or Default; (2) any notice of default that any Person has given to Borrower or any of its Subsidiaries Loan Party or any other action taken with respect to a claimed default; or (3) any Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Uniforce Temporary Personnel Inc)

Events of Default, Etc. Promptly upon any officer of Borrower ----------------------- obtaining knowledge of any of the following events or conditions, Borrower shall deliver a certificate of Borrower's ’s chief executive officer specifying the nature and period of existence of such condition or event and what action Borrower has taken, is taking and proposes to take with respect thereto: (1) any condition or event that constitutes an Event of Default or Default; (2) any notice of default that any Person has given to Borrower or any of its Subsidiaries or any other action taken with respect to a claimed default; or (3) any Material Adverse Effect.

Appears in 1 contract

Samples: Credit and Security Agreement (Tower Air Inc)

Events of Default, Etc. Promptly upon any officer of Borrower ----------------------- ---------------------- obtaining knowledge of any of the following events or conditions, Borrower shall deliver a certificate of Borrower's chief executive officer specifying the nature and period of existence of such condition or event and what action Borrower has taken, is taking and proposes to take with respect thereto: (1) any condition or event that constitutes an Event of Default or Default; (2) any notice of default that any Person has given to Borrower or any of its Subsidiaries or any other action taken with respect to a claimed default; or (3) any Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Right Start Inc /Ca)

Events of Default, Etc. Promptly upon any officer of Borrower ----------------------- obtaining knowledge of any of the following events or conditions, Borrower shall deliver a certificate of Borrower's chief executive officer specifying the nature and period of existence of such condition or event and what action Borrower has taken, is taking and proposes to take with respect thereto: (1) any condition or event that constitutes an Event of Default or Default; (2) any notice of default that any Person has given to Borrower or any of its Subsidiaries or any other action taken with respect to a claimed default; or (3) any Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Continental Information Systems Corp)

Events of Default, Etc. Promptly upon any officer of Borrower ----------------------- or of any of its Subsidiaries obtaining knowledge of any of the following events or conditions, Borrower shall deliver a certificate of Borrower's chief executive officer specifying the nature and period of existence of such condition or event and what action Borrower and/or its Subsidiary has taken, is taking and proposes to take with respect thereto: (1) any condition or event that constitutes an Event of Default or Default; (2) any notice of default that any Person has given to Borrower or any of its Subsidiaries or any other action taken with respect to a claimed default; or (3) any Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (North Face Inc)

Events of Default, Etc. Promptly upon any officer of any Borrower ----------------------- obtaining knowledge of any of the following events or conditions, Borrower Representative shall deliver to Agent and each Lender a certificate of BorrowerBorrower Representative's chief executive officer specifying the nature and period of existence of such condition or event and what action Borrower has Borrowers have taken, is are taking and proposes propose to take with respect thereto: (1) any condition or event that constitutes an Event of Default or Default; (2) any notice of default that any Person has given to Borrower or any of its Subsidiaries Loan Party or any other action taken with respect to a claimed default; or (3) any Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Hawker Pacific Aerospace)

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Events of Default, Etc. Promptly upon any officer of Borrower ----------------------- obtaining knowledge of any of the following events or conditions, Borrower shall deliver a certificate of signed by Borrower's chief executive officer of ficer specifying the nature and period of existence of such condition or event and what action Borrower has taken, is taking and proposes to take with respect thereto: (11 ) any condition or event that constitutes an Event of Default or Default; (2) any notice of material default that any Person has given to Borrower or any of its Subsidiaries or any other action taken with respect to a claimed material default; or (3) any Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Finantra Capital Inc)

Events of Default, Etc. Promptly upon any officer of Borrower ----------------------- obtaining knowledge of any of the following events or conditions, Borrower shall deliver a certificate of Borrower's chief executive officer an Authorized Officer specifying the nature and period of existence of such condition or event and what action Borrower has taken, is taking and proposes to take with respect thereto: (1) any condition or event that constitutes an Event of Default or Default; (2) any notice of default that any Person has given to Borrower or any of its Subsidiaries or any other action taken with respect to a claimed defaultdefault with respect to the Senior Notes, any other Indebtedness or otherwise; or (3) any Material Adverse Effect.

Appears in 1 contract

Samples: Revolving Loan and Security Agreement (Shoppers Food Warehouse Corp)

Events of Default, Etc. Promptly upon any officer of a Borrower ----------------------- obtaining knowledge of any of the following events or conditions, Borrower Borrowers shall deliver a certificate of Borrower's Borrowers' chief executive officer specifying the nature and period of existence of such condition or event and what action Borrower has Borrowers have taken, is are taking and proposes propose to take with respect thereto: (1) any condition or event that constitutes an Event of Default or Default; (2) any notice of default that any Person has given to Borrower Borrowers or any of its their respective Subsidiaries or any other action taken with respect to a claimed default; or (3) any Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Editek Inc)

Events of Default, Etc. Promptly upon any officer of Borrower ----------------------- obtaining knowledge of any of the following events or conditions, Borrower shall deliver a certificate of signed by Borrower's chief executive officer Chief Executive Officer specifying the nature and period of existence of such condition or event and what action Borrower has taken, is taking and proposes to take with respect thereto: (1) any condition or event that constitutes an Event of Default or Default; (2) any notice of material default that any Person has given to Borrower or any of its Subsidiaries or any other action taken with respect to a claimed defaultmaterial default that would result in a Material Adverse Effect; or (3) any Material Adverse Effect.. (H)

Appears in 1 contract

Samples: Loan and Security Agreement (Perma Fix Environmental Services Inc)

Events of Default, Etc. Promptly upon any officer of ----------------------- Borrower ----------------------- obtaining knowledge of any of the following events or conditions, Borrower shall deliver a certificate of Borrower's chief executive officer specifying the nature and period of existence of such condition or event and what action Borrower has taken, is taking and proposes to take with respect thereto: (1) any condition or event that constitutes an Event of Default or Default; (2) any notice of default that any Person has given to Borrower or any member of its Subsidiaries Parent Group or any other action taken with respect to a claimed default; or (3) any Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Gradall Industries Inc)

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