Common use of Notice Regarding Material Contracts Clause in Contracts

Notice Regarding Material Contracts. Promptly (but in any event within fifteen (15) Business Days) (i) after any material contract of Parent or any of its Subsidiaries is terminated or amended in a manner that is materially adverse to Parent or such Subsidiary, as the case may be, or (ii) any new material contract is entered into, a written statement describing such event, with copies of such material amendments or new contracts, delivered to the Administrative Agent, and an explanation of any actions being taken with respect thereto.

Appears in 3 contracts

Samples: Receivables Purchase Agreement (Exela Technologies, Inc.), Joinder Agreement (Exela Technologies, Inc.), Loan and Security Agreement (Exela Technologies, Inc.)

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Notice Regarding Material Contracts. Promptly (but in any event within fifteen ten (1510) Business Days) (i) after any material contract of Parent or any of its Subsidiaries is terminated or amended in a manner that is materially adverse to Parent or such Subsidiary, as the case may be, or (ii) any new material contract is entered into, a written statement describing such event, with copies of such material amendments or new contracts, delivered to the Administrative Agent, and an explanation of any actions being taken with respect thereto.

Appears in 3 contracts

Samples: Receivables Purchase Agreement (Exela Technologies, Inc.), Joinder Agreement (Exela Technologies, Inc.), Loan and Security Agreement (Exela Technologies, Inc.)

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Notice Regarding Material Contracts. Promptly (but Promptly, and in any event within fifteen (15) ten Business Days) Days (i) after any material contract Material Contract of Parent or any of its Subsidiaries is terminated or amended in a manner that is materially adverse to Parent or such Subsidiary, the Credit Parties (taken as the case may bea whole), or (ii) any new material contract Material Contract is entered into, a written statement describing such event, with copies of such material amendments or new contracts, delivered to the Administrative Agent, and an explanation of any actions being taken with respect thereto.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Dura Automotive Systems Inc), Credit and Guaranty Agreement (Dura Automotive Systems Inc)

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