Covenant to Notify Clause Samples
A Covenant to Notify clause requires one party to promptly inform the other party of specific events, changes, or circumstances that may affect the agreement. Typically, this clause outlines what types of occurrences must be reported, such as breaches, legal actions, or material changes in business operations, and may specify the timeframe and method for providing notice. Its core practical function is to ensure transparency and timely communication between parties, allowing them to address issues proactively and mitigate potential risks or disputes.
Covenant to Notify. Tenant will notify Landlord of the occurrence of any event of which ▇▇▇▇▇▇ has notice and which event, to the knowledge of Tenant, would constitute a defaultin Tenant’s obligations under this Exhibit B-2.
Covenant to Notify. The Contractor will notify the Board as soon as practicable, but in any event within fifteen (15) Business Days, of any of the following involving the Contractor, its affiliates, any subcontractor or its affiliates, or any Key Personnel:
(a) Receipt or actual knowledge of any subpoena, summons, complaint, order instituting proceedings, notice of investigation, indictment, criminal information or other legal process, involving any Governmental Authority or Regulatory Body with jurisdiction over ERISA, federal or state tax or securities laws, with respect to any alleged violation of laws applicable to Services provided by the Contractor, its affiliates, related entities or any subcontractor;
(b) Entry into a settlement agreement by the Contractor or by any affiliate, related entity or subcontractor in any proceeding described in clause (a), or the issuance by any Governmental Authority or Regulatory Body of any “consent order”, “cease and desist order” or similar order or sanction applicable to the Contractor, any affiliate, related entity or subcontractor with respect to any alleged law violation(s) described in clause (a); or
(c) Any admission by the Contractor, any affiliate, related entity or subcontractor in any proceeding described in (a) that the Contractor, affiliate, or related entity or subcontractor has violated any Applicable Law; and
(d) Any administrative determination or entry of judgment in any proceeding described in subparagraph (a), above, that the Contractor, affiliate, related entity or subcontractor has violated any Applicable Law. Agreement No. CSCRSIB07-17
Covenant to Notify. 26 Section 5.16 No Interest of Authority in Project...................................................26 Section 5.17
Covenant to Notify. In the event any officer of the Borrower knows of any Event of Default which shall have occurred or knows of the occurrence of any event which, upon notice or lapse of time or both would constitute an Event of Default, the Borrower shall promptly notify the Authority and the Trustee as to such occurrence, specifying the nature and extent thereof and the action (if any) which is proposed to be taken with respect thereto.
Covenant to Notify. (a) The Borrower covenants that from the date hereof and for 180 days after the Payment of the Bonds it shall immediately notify the Authority and the Trustee of the filing of a petition commencing a case under the United States Bankruptcy Code by or against the Borrower.
(b) In the event any officer of the Borrower knows of any Event of Default which shall have occurred or knows of the occurrence of any event which, upon notice or lapse of time or both would constitute an Event of Default, the Borrower shall promptly notify the Authority, the Trustee and the Letter of Credit Bank as to such occurrence, specifying the nature and extent thereof and the action (if any) which is proposed to be taken with respect thereto.
Covenant to Notify. The Assignor shall promptly notify the Assignee, and the Assignee shall promptly notify the Assignor, of any notice or communication from any third party alleging that the consent of such third party is or may be required in connection with the transactions contemplated hereby, or of any notice or communication from any governmental or regulatory authority in connection with the transactions contemplated hereby.
Covenant to Notify