Default; Material Adverse Change. Promptly advise Lender of any material adverse change in the business, property, assets, prospects, operations or condition, financial or otherwise, of Borrower, the occurrence of any Event of Default hereunder or the occurrence of any event which, if uncured, will become an Event of Default after notice or lapse of time (or both). All of the foregoing notices shall be provided by Borrower to Lender in writing.
Appears in 6 contracts
Samples: Loan and Security Agreement (Obsidian Enterprises Inc), Loan and Security Agreement (Infinity Inc), Loan and Security Agreement (Tarpon Industries, Inc.)
Default; Material Adverse Change. Promptly advise Lender of any material adverse change in the business, property, assets, prospects, operations or condition, financial or otherwise, of Borrower, the occurrence of any Default or Event of Default hereunder or the occurrence of any event which, if uncured, will become an Event of Default after notice or lapse of time (or both). All of the foregoing notices shall be provided by Borrower to Lender in writing.
Appears in 5 contracts
Samples: Loan and Security Agreement (Crdentia Corp), Loan and Security Agreement (Crdentia Corp), Loan and Security Agreement (Crdentia Corp)
Default; Material Adverse Change. Promptly advise Lender of any material adverse change in the business, property, assets, prospects, operations or condition, financial or otherwise, of such Borrower, the occurrence of any Event of Default hereunder or the occurrence of any event which, if uncured, will become an Event of Default after notice or lapse of time (or both). All of the foregoing notices shall be provided by Borrower Borrowers to Lender in writing.
Appears in 3 contracts
Samples: Loan and Security Agreement (Novitron International Inc), Loan and Security Agreement (Digital Recorders Inc), Loan and Security Agreement (Smithway Motor Xpress Corp)
Default; Material Adverse Change. Promptly advise Lender of any material adverse change in the business, property, assets, prospects, operations or condition, financial or otherwise, of Material Adverse Change with respect to Borrower, the occurrence of any Event of Default hereunder or the occurrence of any event which, if uncured, will become an Event of Default after notice or lapse of time (or both). All of the foregoing notices shall be provided by Borrower to Lender in writing.
Appears in 2 contracts
Samples: Loan and Security Agreement (Seven Arts Pictures PLC), Loan and Security Agreement (Seven Arts Pictures PLC)
Default; Material Adverse Change. Promptly advise Lender of any material adverse change in the business, property, assets, prospects, operations or condition, financial or otherwise, of BorrowerBorrower or any Subsidiary, the occurrence of any Event of Default hereunder or the occurrence of any event which, if uncured, will become an Event of Default after notice or lapse of time (or both). All of the foregoing notices shall be provided by Borrower to Lender in writing.
Appears in 1 contract
Samples: Loan and Security Agreement (Delphax Technologies Inc)
Default; Material Adverse Change. Promptly advise Lender of any material adverse change in the business, property, assets, prospects, operations or condition, financial or otherwise, of Borrowersuch Borrower or any Subsidiary, the occurrence of any Event of Default hereunder or the occurrence of any event which, if uncured, will become an Event of Default after notice or lapse of time (or both). All of the foregoing notices shall be provided by Borrower Borrowers to Lender in writing.
Appears in 1 contract
Default; Material Adverse Change. Promptly advise Lender of any material adverse change in the business, property, assets, prospectsliabilities, operations or condition, financial or otherwise, of Borrower, the occurrence of any Event of Default hereunder or the occurrence of any event which, if uncured, will become an Event of Default after notice or lapse of time (or both). All of the foregoing notices shall be provided by Borrower to Lender in writing.
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Default; Material Adverse Change. Promptly advise Lender of any material adverse change in the business, property, assets, prospects, operations or condition, financial or otherwise, of such Borrower, which could reasonably be expected to have a Material Adverse Effect upon such Borrower; the occurrence of any Event of Default hereunder or the occurrence of any event which, if uncured, will become an Event of Default after notice or lapse of time (or both). All of the foregoing notices shall be provided by Borrower Borrowers to Lender in writing.
Appears in 1 contract
Samples: Loan and Security Agreement (Wells Gardner Electronics Corp)
Default; Material Adverse Change. Promptly advise Lender upon becoming aware of any material adverse change in the business, property, assets, prospects, operations or condition, financial or otherwise, of BorrowerBorrower or any Obligor, the occurrence of any Default or Event of Default hereunder or the occurrence of any event which, if uncured, will become an Event of Default after notice or lapse of time (or both)hereunder. All of the foregoing notices shall be provided by Borrower to Lender in writing.
Appears in 1 contract
Default; Material Adverse Change. Promptly advise Lender of any material adverse change in the business, property, assets, prospects, operations or condition, financial or otherwise, of such Borrower, the occurrence of any Event of Default hereunder or the occurrence of any event which, if uncured, will become an Event of Default after notice or lapse of time (time, or both). All of the foregoing notices shall be provided by Borrower to Lender in writing.
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Default; Material Adverse Change. Promptly advise Lender of any material adverse change in the business, property, assets, prospects, operations or condition, financial or otherwise, of BorrowerBorrower or its Subsidiaries, the occurrence of any Event of Default hereunder or the occurrence of any event which, if uncured, will become an Event of Default after notice or lapse of time (or both). All of the foregoing notices shall be provided by Borrower to Lender in writing.
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Default; Material Adverse Change. Promptly advise Lender of any material adverse change in the business, property, assets, prospects, operations or condition, financial or otherwise, of such Borrower, the occurrence of any Event of Default hereunder hereunder, under the UPS Debt Documents or the Intercreditor Documents, or the occurrence of any event which, if uncured, will become an Event of Default after notice or lapse of time (or both), under any of the aforementioned documents. All of the foregoing notices shall be provided by Borrower Borrowers to Lender in writing.
Appears in 1 contract
