Common use of Notice of Default or Litigation Clause in Contracts

Notice of Default or Litigation. Immediately upon learning of the occurrence of an Event of Default or Unmatured Event of Default, or the institution of or any adverse determination in any litigation, arbitration proceeding or governmental proceeding which is material to the Company or the occurrence of any event which could have a Materially Adverse Effect, written notice thereof describing the same and the steps being taken with respect thereto.

Notice of Default or Litigation. Immediately upon learning of the occurrence of an Event of Default or Unmatured Event of Default, or the institution of or any adverse determination in any litigation, arbitration proceeding or governmental proceeding which is material to the Company or any of its Subsidiaries, or the occurrence of any event which could have a Materially Adverse Effectmaterial adverse effect upon the Company or any of its Subsidiaries, written notice thereof describing the same and the steps being taken with respect thereto.

Notice of Default or Litigation. Immediately upon learning of the occurrence of an Event of Default or Unmatured Event of Default, or the institution of or any adverse determination in any litigation, arbitration proceeding or governmental proceeding which is material to the Company Company, or the occurrence of any event which could have a Materially Adverse Effectmaterial adverse effect upon the Company, written notice thereof describing the same and the steps being taken with respect thereto.

Notice of Default or Litigation. Immediately upon learning of the occurrence of a Default, an Event of Default or Unmatured Event of Default, or the institution of of, or any adverse determination in in, any litigation, arbitration proceeding or governmental proceeding which is material to the Company Borrower or the occurrence of any event which could have a Materially Adverse Effect, material adverse effect upon the Borrower written notice thereof describing the same and the steps being taken with respect thereto.

Notice of Default or Litigation. Immediately upon learning of the occurrence of an Event of Default or Unmatured Event of Default, or the institution of of, or any adverse determination in in, any litigation, arbitration proceeding or governmental proceeding which is material to the Company could cause or result in a Material Adverse Effect, or the occurrence of any other event which could have cause or result in a Materially Material Adverse Effect, written notice thereof describing the same and the steps being taken with respect thereto.

Notice of Default or Litigation. Immediately upon learning of the occurrence of an Event of Default or Unmatured Event of Default, or the institution of or any adverse determination in any litigation, arbitration proceeding or governmental proceeding which is material to the Company or Mobley, or the occurrence of any event which could xxxxx have a Materially Adverse Effectmaterial adverse effect upon the Company or Mobley, or a change in Control of the Company, written notice thereof describing the same and the steps being taken with respect thereto.

Notice of Default or Litigation. Immediately upon learning of the occurrence of an Event of Default or Unmatured Event of Default, or the institution of or any adverse determination in any litigation, arbitration proceeding or governmental proceeding which is material to the Company Company, OCP, OCC or Parent or the occurrence of any event which could have a Materially Adverse Effect, written notice thereof describing the same and the steps being taken with respect thereto.

Notice of Default or Litigation. Immediately upon learning of the occurrence of an Event of Default or Unmatured Event of Default, or the institution of or any adverse determination in any litigation, arbitration proceeding or governmental proceeding which is material to the Company or to any Affiliated Company, or the occurrence of any event which could have a Materially Adverse Effectmaterial adverse effect upon the Company or upon any Affiliated Company, written notice thereof describing the same and the steps being taken with respect thereto.

Notice of Default or Litigation. Immediately upon learning of the occurrence of an Event of Default or Unmatured Event of Default, or the institution of or any adverse determination in any litigation, arbitration proceeding or governmental proceeding which is material to the Company Borrower or any Guarantor, or the occurrence of any event which could have a Materially Material Adverse EffectEffect upon Borrower or any Guarantor, written notice thereof describing the same and the steps being taken with respect thereto.

Notice of Default or Litigation. Immediately upon learning of the occurrence of an Event of Default or Unmatured Event of Default, or the institution of or any adverse determination in any litigation, arbitration proceeding or governmental proceeding which is material to the Company or to any Guarantor, or the occurrence of any event which could have a Materially Adverse Effectmaterial adverse effect upon the Company or any Guarantor, written notice thereof describing the same and the steps being taken with respect thereto.

Notice of Default or Litigation. Immediately upon learning of ------------------------------- the occurrence of an Event of Default or Unmatured Event of Default, or the institution of or any adverse determination in any litigation, arbitration proceeding or governmental proceeding which is material to the Company Borrower or any Subsidiary, or the occurrence of any event which could have a Materially Adverse Effectmaterial adverse effect upon the Borrower or any Subsidiary, written notice thereof describing the same and the steps being taken by the Borrower or any Subsidiary with respect thereto.