Common use of Notify Lender Clause in Contracts

Notify Lender. Borrower shall promptly, and in any event within three (3) Business Days of any determining of the following, inform Lender (a) if any one or more of the representations and warranties made by Borrower in this Agreement or in any document related hereto shall no longer be entirely true, accurate and complete in any respect; (b) of any Equipment which is not in good order and repair, and in running and marketable condition, or of any Equipment that is removed or is missing from the Borrower’s Premises; (c) of all material adverse information relating to the financial condition of Borrower; (d) of any material return of goods; (e) of any loss, damage or destruction of any of the Collateral; (f) the occurrence of an Event of Default or a Material Adverse Effect; and (g) of any other events or occurrences set forth in Section 7(a) of the Loan Agreement Schedule.

Appears in 2 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement (Sysorex Global)

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Notify Lender. Borrower shall promptly, and in any event within three two (32) Business Days of any determining of the followingDays, inform Lender (a) if any one or more of the representations and warranties made by Borrower in this Agreement or in any document related hereto shall no longer be entirely true, accurate and complete in any respect; , (b) of any Equipment listed on Section 5.4(J) to the Borrower’s Disclosure Schedule which is not in good order and repair, and in running and marketable condition, or of any Equipment that is removed or is missing from the Borrower’s Premisesordinary wear and tear excepted; (c) of all material adverse information relating to the financial condition of Borrower; (d) of any material return of goods; (e) of any loss, damage or destruction of any of the Collateral; and (f) the occurrence of an Event of Default or a Material Adverse Effect; and (g) of any other events or occurrences set forth in Section 7(a) of the Loan Agreement Schedule...

Appears in 2 contracts

Samples: Loan and Security Agreement (1847 Holdings LLC), Loan and Security Agreement (Youngevity International, Inc.)

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Notify Lender. Borrower shall promptly, and in any event within three two (32) Business Days of any determining of the following, inform Lender (a) if any one or more of the representations and warranties made by Borrower in this Agreement or in any document related hereto shall no longer be entirely true, accurate and complete in any respect; , (b) of any Equipment which is not has experienced a change in good order and repair, and in running and marketable conditioncondition after the date of the Appraisals, or of any Equipment that is removed or is missing from the Borrower’s Premises; (c) of all material adverse information relating to the financial condition of Borrower; (d) of any material return of goods; (e) of any loss, damage or destruction of any of the Collateral; and (f) the occurrence of an Event of Default or a Material Adverse Effect; and (g) of any other events or occurrences set forth in Section 7(a) of the Loan Agreement Schedule.

Appears in 1 contract

Samples: Loan and Security Agreement (Elio Motors, Inc.)

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