Common use of Default; Material Adverse Change Clause in Contracts

Default; Material Adverse Change. Promptly of (i) any Material Adverse Effect, (ii) the occurrence of any Event of Default hereunder, or (iii) 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 Borrowers to Lender in writing and shall describe the steps being taken by Borrowers or any Subsidiary affected thereby with respect thereto.

Appears in 2 contracts

Samples: Credit and Security Agreement (Mendocino Brewing Co Inc), Credit and Security Agreement (Clark Holdings Inc.)

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Default; Material Adverse Change. Promptly of (i) any Material Adverse Effect, (ii) the occurrence of any Event of Default hereunder, or (iii) 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 Borrowers Borrower to Lender in writing and shall describe the steps being taken by Borrowers Borrower or any Subsidiary of Borrower affected thereby with respect thereto.

Appears in 2 contracts

Samples: Credit and Security Agreement (Singing Machine Co Inc), Credit and Security Agreement (LIVE VENTURES Inc)

Default; Material Adverse Change. Promptly following becoming aware of (i) any Material Adverse Effect, (ii) the occurrence of any Event of Default hereunder, or (iii) 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 Borrowers Borrower to Lender Bank in writing and shall describe the steps being taken by Borrowers Borrower or any Subsidiary affected thereby with respect thereto.

Appears in 2 contracts

Samples: Loan and Security Agreement (Siebert Financial Corp), Loan and Security Agreement (Siebert Financial Corp)

Default; Material Adverse Change. Promptly of (i) any Material Adverse Effect, (ii) the occurrence of any Event of Default hereunder, or (iii) 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 Borrowers to Lender in writing and shall describe the steps being taken by Borrowers any Loan Party or any Subsidiary affected thereby with respect thereto.

Appears in 1 contract

Samples: Loan and Security Agreement (Enservco Corp)

Default; Material Adverse Change. Promptly of (i) any Material Adverse Effect, (ii) the occurrence of any Event of Default hereunder, or (iii) 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 Borrowers Borrower to Lender Agent in writing and shall describe the steps being taken by Borrowers any Loan Party or any Subsidiary affected thereby with respect thereto.

Appears in 1 contract

Samples: Loan and Security Agreement (iLearningEngines, Inc.)

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Default; Material Adverse Change. Promptly of (i) any Material Adverse Effect, (ii) the occurrence of any Event of Default hereunder, or (iii) 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 Borrowers Loan Parties to Lender in writing and shall describe the steps being taken by Borrowers Loan Parties or any Subsidiary affected thereby with respect thereto.

Appears in 1 contract

Samples: Credit and Security Agreement (Lime Energy Co.)

Default; Material Adverse Change. Promptly of (i) any Material Adverse Effect, (ii) the occurrence of any Event of Default hereunder, or (iii) the occurrence of any event which, if uncured, will become an Event of Default after notice or lapse of time (or both). 62 All of the foregoing notices shall be provided by Borrowers to Lender in writing and shall describe the steps being taken by Borrowers or any Subsidiary of Borrowers affected thereby with respect thereto.

Appears in 1 contract

Samples: Credit and Security Agreement (LIVE VENTURES Inc)

Default; Material Adverse Change. Promptly of (i) any Material Adverse EffectChange or any event or circumstance that would reasonably be expected to result in a Material Adverse Change, (ii) the occurrence of any Event of Default hereunder, or (iii) the occurrence of any event which, if uncured, will become an Event of Default after notice or lapse of time (or both)Potential Default. All of the foregoing notices shall be provided by Borrowers Borrower to Lender in writing and shall describe the steps being taken by Borrowers Borrower or any Subsidiary affected thereby with respect thereto.

Appears in 1 contract

Samples: Subordinated Term Loan and Security Agreement (Sonim Technologies Inc)

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