Common use of NOTICE TO BANK Clause in Contracts

NOTICE TO BANK. Promptly (but in no event more than five (5) days) after Borrower’s knowledge of the occurrence of each such event or matter, but notwithstanding the foregoing in no event more than one (1) business day after Borrower’s knowledge of the occurrence of each such event or matter described below with respect to Sanctions, Anti-Money Laundering Laws, and Anti-Corruption Laws, give written notice to Bank in reasonable detail of: (a) the occurrence of any Event of Default, or any condition, event or act which with the giving of notice or the passage of time or both would constitute an Event of Default; (b) any change in the name or the organizational structure of Borrower or any of its subsidiaries, including, by illustration, merger, conversion or division; (c) the occurrence and nature of any Reportable Event or Prohibited Transaction, each as defined in ERISA, or any funding deficiency with respect to any Plan; (d) any termination or cancellation of any insurance policy which Borrower or any of its subsidiaries is required to maintain, or any uninsured or partially uninsured loss through liability or property damage, or through fire, theft or any other cause affecting the property of Borrower or any of its subsidiaries having a replacement value in excess of $1,000,000 in the aggregate; or (e) any breach of any covenant contained herein related to Sanctions, Anti-Money Laundering Laws, and Anti-Corruption Laws or the Borrower’s inability to make the representations and warranties contained herein related to Sanctions, Anti-Money Laundering Laws, and Anti-Corruption Laws on any date, or the failure of any representations and warranties contained herein related to Sanctions, Anti-Money Laundering Laws, and Anti-Corruption Laws to be true and correct in all respects on or as of any date.

NOTICE TO BANK. Promptly (but in no event more than five (5) days) days after Borrower’s knowledge of the occurrence of each such event or matter, but notwithstanding the foregoing matter and in no event more than one (1) business day after Borrower’s knowledge of the occurrence of each such event or matter described below with respect to Sanctions, Anti-Money Laundering Laws, and Anti-Corruption Laws, ) give written notice to Bank in reasonable detail of: (a) the occurrence of any Event of Default, Default or any condition, event or act which with the giving of notice or the passage of time or both would constitute an Event of Default; (b) any change in the name or the organizational structure of Borrower or any subsidiary of its subsidiariesBorrower, including, by illustration, merger, conversion or division; (c) the occurrence and nature of any Reportable Event or Prohibited Transaction, each as defined in ERISA, or any funding deficiency with respect to any Plan; (d) any termination or cancellation of any insurance policy which Borrower or any of its subsidiaries subsidiary is required to maintain, or any uninsured or partially uninsured loss through liability or property damage, or through fire, theft or any other cause affecting the property of Borrower Borrower’s or any of its subsidiaries having a replacement value subsidiary’s property in excess of an aggregate of $1,000,000 in the aggregate250,000; or (e) any breach of any covenant contained herein related to Sanctions, Anti-Money Laundering Laws, and Anti-Corruption Laws or the Borrower’s inability to make the representations and warranties contained herein related to Sanctions, Anti-Money Laundering Laws, and Anti-Corruption Laws on any date, or the failure of any representations and warranties contained herein related to Sanctions, Anti-Money Laundering Laws, and Anti-Corruption Laws to be true and correct in all respects on or as of any date.

NOTICE TO BANK. Promptly (but in no event more than five (5) days) days after Borrower’s knowledge of the occurrence of each such event or matter, but notwithstanding the foregoing matter and in no event more than one (1) business day after Borrower’s knowledge of the occurrence of each such event or matter described below with respect to Sanctions, Anti-Money Laundering Laws, and Anti-Corruption Laws, ) give written notice to Bank in reasonable detail of: (a) the occurrence of any Event of Default, or any condition, event or act which with the giving of notice or the passage of time or both would constitute an Event of Default; (b) any change in the name or the organizational structure of Borrower or any of its subsidiariesBorrower, including, by illustration, merger, conversion or division; (c) the occurrence and nature of any Reportable Event or Prohibited Transaction, each as defined in ERISA, or any funding deficiency with respect to any Plan; (d) any termination or cancellation of any insurance policy which Borrower or any of its subsidiaries is required to maintain, or any material uninsured or partially uninsured loss through liability or property damage, or through fire, theft or any other cause affecting the property of Borrower’s property; (e) failure by Borrower or Tilly’s Inc. to pay rent or such other amounts due (i) at any of its subsidiaries having a replacement value distribution centers or warehouses; (ii) in excess of $1,000,000 500,000.00 in the aggregateaggregate at any location where collateral required hereunder is located; or (eiii) any of Borrower’s or Tilly’s Inc.’s locations if such failure continues for more than ten (10) days following the day on which such rent first came due and such failure would be reasonably likely to have a material adverse effect on Borrower or Tilly’s Inc., or (f) any breach of any covenant contained herein related to Sanctions, Anti-Money Laundering Laws, and Anti-Corruption Laws or the Borrower’s inability to make the representations and warranties contained herein related to Sanctions, Anti-Money Laundering Laws, and Anti-Corruption Laws on any date, or the failure of any representations and warranties contained herein related to Sanctions, Anti-Money Laundering Laws, and Anti-Corruption Laws to be true and correct in all respects on or as of any date.

NOTICE TO BANK. Promptly Borrower shall, and shall cause each subsidiary to, promptly (but in no event more than five (5) days) days after Borrower’s knowledge of the occurrence of each such event or matter, but notwithstanding the foregoing matter and in no event more than one (1) business day after Borrower’s knowledge of the occurrence of each such event or matter described below with respect to Sanctions, Anti-Money Laundering Laws, and Anti-Anti Corruption Laws, ) give written notice to Bank in reasonable detail of: (a) the occurrence of any Event of Default, or any condition, event or act which with the giving of notice or the passage of time or both would constitute an Event of Default; (b) any change in the name or the organizational structure of Borrower or any of its subsidiariessubsidiary, including, by illustration, merger, conversion or division; (c) the occurrence and nature of any Reportable Event or Prohibited Transaction, each as defined in ERISA, or any funding deficiency with respect to any Plan; (d) any termination or cancellation of any insurance policy which Borrower or any of its subsidiaries subsidiary is required to maintain, or any uninsured or partially uninsured loss through liability or property damage, or through fire, theft or any other cause affecting the property of Borrower Borrower's or any of its subsidiaries having a replacement value in excess of $1,000,000 in the aggregatesubsidiary's property; or (e) any breach of any covenant contained herein related to Sanctions, Anti-Money Laundering Laws, and Anti-Corruption Laws or the Borrower’s 's inability to make the representations and warranties contained herein related to Sanctions, Anti-Money Laundering Laws, and Anti-Corruption Laws on any date, or the failure of any representations and warranties contained herein related to Sanctions, Anti-Money Laundering Laws, and Anti-Anti Corruption Laws to be true and correct in all respects on or as of any date.

NOTICE TO BANK. Promptly (but in no event more than five (5) days) Business Days after Borrower’s knowledge Borrower becomes aware of the occurrence of each such event or matter, but notwithstanding the foregoing matter and in no event more than one (1) business day after Borrower’s knowledge of the occurrence of each such event or matter described below with respect to Sanctions, Anti-Money Laundering Laws, and Anti-Corruption Laws, ) give written notice to Bank in reasonable detail of: (a) the occurrence of any Event of Default, or any condition, event or act which with the giving of notice or the passage of time or both would constitute an Event of Default, together with the details of any action which Borrower is taking or proposes to take with respect thereto; (b) any change in the name name, jurisdiction of organization or location of the chief executive office, or any material change in the organizational structure of Borrower or any of its subsidiariesSubsidiaries, including, by illustration, merger, conversion or division; (c) the occurrence and nature of any Reportable Event or Prohibited Transaction, each as defined in ERISA, or any funding deficiency with respect to any Plan; (d) any termination or cancellation (without replacement therefor by Borrower) of any insurance policy which Borrower or any of its subsidiaries is required to maintain, or any uninsured or partially uninsured loss through liability or property damage, or through fire, theft or any other cause affecting the Borrower's property of Borrower or any of its subsidiaries having a replacement value in excess of $1,000,000 in the aggregate5,000,000.00 (or any uninsured or partially uninsured loss through liability or property damage, or through fire, theft or any other cause affecting eligible finished goods inventory and/or eligible raw material inventory); or (e) any breach of any covenant contained herein related to Sanctions, Anti-Money Laundering Laws, and Anti-Corruption Laws or the Borrower’s inability to make the representations and warranties contained herein related to Sanctions, Anti-Money Laundering Laws, and Anti-Corruption Laws on any date, or the failure of any representations and warranties contained herein related to Sanctions, Anti-Money Laundering Laws, and Anti-Corruption Laws to be true and correct in all respects on or as of any date.

NOTICE TO BANK. Promptly (but in no event more than five (5) days) days after Borrower’s knowledge of the occurrence of each such event or matter, but notwithstanding the foregoing in no event more than one (1) business day after Borrower’s knowledge of the occurrence of each such event or matter described below with respect to Sanctions, Anti-Money Laundering Laws, and Anti-Corruption Laws, give written notice to Bank in reasonable detail of: (a) the occurrence of any Event of Default, or any condition, event or act which with the giving of notice or the passage of time or both would constitute an Event of Default; (b) any change in the name or the organizational structure of Borrower other than the planned name change of Borrower to United Western Bancorp, Inc. which is tentatively scheduled to occur in the third or any fourth quarter of its subsidiaries2006; provided, includinghowever, that not later than thirty days after the effective date of such name change, Borrower shall give notice to Bank that the name change has occurred, which notice shall be used by illustration, merger, conversion or divisionBank to initiate the necessary changes to Bank's records ; (c) the occurrence and nature of any Reportable Event or Prohibited Transaction, each as defined in ERISA, or any funding deficiency with respect to any Plan; (d) any termination or cancellation of any insurance policy which Borrower or any of its subsidiaries is required to maintain, or any uninsured or partially uninsured loss through liability or property damage, or through fire, theft or any other cause affecting the Borrower's property of Borrower or any of its subsidiaries having a replacement value in excess of an aggregate of $1,000,000 in the aggregate3,000,000.00; or (e) any breach change in Executive Management of Borrower or of any covenant contained herein related Bank Subsidiary, with "Executive Management" defined as the Chairman of the Board, President or Chief Financial Officer; or (f) any negotiations to Sanctionssell any capital stock of Borrower and/or any Bank Subsidiary, Anti-Money Laundering Laws, and Anti-Corruption Laws or the Borrower’s inability to make the representations and warranties contained herein related to Sanctions, Anti-Money Laundering Laws, and Anti-Corruption Laws on any date, or the failure together with copies of any representations and warranties contained herein related to Sanctionsproposed buy/sell agreements; provided however, Anti-Money Laundering Laws, and Anti-Corruption Laws to that this clause shall not be true and correct in all respects on or as deemed approval by Bank of any datesuch negotiation and shall not apply to information which under applicable law or regulation is prohibited from disclosure to Bank.