Common use of By Cooperative Clause in Contracts

By Cooperative. In consideration of the agreement by Statesman to provide the Cooperative with such notices, the Cooperative covenants and agrees it will promptly notify Statesman upon the occurrence of any of the following events: the Cooperative puts any such Dealership on C.O.D. or otherwise limits sales to such Dealership, or terminates any existing agreement between the Cooperative and any such Dealership; any such Dealership makes any material misrepresentation to the Cooperative; there is a material change in the management or ownership of such Dealership; any material adverse change occurs in the financial condition or operations of such Dealership; or if to the knowledge of any executive officer of the Cooperative an event of default has occurred under any agreement between any such Dealership and the Cooperative or any condition exists or event has occurred which with the giving of notice or lapse of time or both would constitute such an Event of Default.

By Cooperative. In consideration of the agreement by Statesman to -------------- provide the Cooperative with such notices, the Cooperative covenants and agrees it will promptly notify Statesman upon the occurrence of any of the following events: the Cooperative puts any such Dealership on C.O.D. or otherwise limits sales to such Dealership, or terminates any existing agreement between the Cooperative and any such Dealership; any such Dealership makes any material misrepresentation to the Cooperative; there is a material change in the management or ownership of such Dealership; any material adverse change occurs in the financial condition or operations of such Dealership; or if to the knowledge of any executive officer of the Cooperative an event of default has occurred under any agreement between any such Dealership and the Cooperative or any condition exists or event has occurred which with the giving of notice or lapse of time or both would constitute such an Event of Default.