Common use of Default Notices Clause in Contracts

Default Notices. As soon as practicable, and in any event within five Business Days after a Responsible Officer of any Loan Party has actual knowledge of the existence of any Default, Event of Default or other event having had a Material Adverse Effect or having any reasonable likelihood of causing or resulting in a Material Adverse Change, the Borrower shall give the Administrative Agent notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given by telephone, shall be promptly confirmed in writing on the next Business Day.

Default Notices. As soon as practicable, and in any event within five Business Days after a Responsible Officer of any Loan Party has actual knowledge of the existence of any Default, Event of Default or other event having had a Material Adverse Effect or having any reasonable likelihood of causing or resulting in a Material Adverse ChangeEffect, the Borrower shall give the Administrative Agent notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given by telephone, shall be promptly confirmed in writing on the next Business Day.

Default Notices. As soon as practicable, and in any event within five Business Days after a Responsible Officer of any Loan Party has actual knowledge of the existence of any Default, Event of Default or other event having which has had a Material Adverse Effect or having which has any reasonable likelihood of causing or resulting in a Material Adverse Change, the Borrower shall give the Administrative Agent notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given by telephone, shall be promptly confirmed in writing on the next Business Day.

Default Notices. As soon as practicable, and in any event within five (5) Business Days after a Responsible Officer of any a Loan Party has actual knowledge of the existence of any Default, Event of Default or other event having had which has had, or would reasonably be expected to have, a Material Adverse Effect or having any reasonable likelihood of causing or resulting in a Material Adverse ChangeEffect, the Borrower shall give the Administrative Agent written notice specifying the nature and period of such Default or Event of Default or other event, including the anticipated effect thereofthereof and what action the Borrower (or such Loan Party) has taken, which notice, if given by telephone, shall be promptly confirmed in writing on the next Business Day.is taking and proposes to take with respect thereto;

Default Notices. As soon as practicable, and in any event within five 5 Business Days after a Responsible Officer an executive officer of any Loan Party has actual knowledge of the existence of any Default, Event of Default or other event having that has had a Material Adverse Effect or having any reasonable likelihood of causing or resulting in a Material Adverse ChangeEffect, the Borrower shall give the Administrative Agent written notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given by telephone, shall be promptly confirmed in writing on the next Business Day.

Default Notices. As soon as practicable, and in any event within five two Business Days after a Responsible Officer of any Loan Party Borrower has actual knowledge of the existence of any Default, Event of Default or other event having which has had a Material Adverse Effect or having which has any reasonable likelihood of causing or resulting in a Material Adverse Change, the Borrower shall give the Administrative Agent Lender notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given by telephone, shall be promptly confirmed in writing on the next Business Day.

Default Notices. As soon as practicable, and in any event within five Business Days after a Responsible Officer of any Loan Party the Borrower has actual knowledge of the existence of any Default, Event of Default or other event having had a Material Adverse Effect or having any reasonable likelihood of causing or resulting in a Material Adverse Change, the Borrower shall give the Administrative Agent Lender notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given by telephone, shall be promptly confirmed in writing on the next Business Day.

Default Notices. As soon as practicable, and in any event within five Business Days after a Responsible Officer of any Loan Party has actual knowledge of the existence of any Default, Event of Default or other event having had a Material Adverse Effect or having any reasonable likelihood of causing or resulting in a Material Adverse ChangeEffect, the Borrower Parent shall give the Administrative Agent notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given by telephone, shall be promptly confirmed in writing on the next Business Day.

Default Notices. As soon as practicable, and in any event within five (5) Business Days after a Responsible Officer an executive officer of any Loan Party has actual knowledge of the existence of any Default, Event of Default or other event having that has had a Material Adverse Effect or having any reasonable likelihood of causing or resulting in a Material Adverse ChangeEffect, the Borrower shall give the Administrative Agent written notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given by telephone, shall be promptly confirmed in writing on the next Business Day.

Default Notices. As soon as practicable, and in any event within five 5 Business Days after a Responsible Officer of any Loan Party has actual knowledge of the existence of any Default, Event of Default or other event having had a Material Adverse Effect or having any reasonable likelihood of causing or resulting in a Material Adverse Change, the Borrower shall give the Administrative Agent notice specifying the nature of such Default or Event of Default or such other event, including the anticipated effect thereof, which notice, if given by telephone, shall be promptly confirmed in writing on the next Business Day.

Default Notices. As soon as practicable, and in any event within five 7 Business Days after a Responsible Officer of any Loan Party has actual knowledge of the existence of any Default, Event of Default or other event having had a Material Adverse Effect or having any reasonable likelihood of causing or resulting in that could reasonably be expected to cause a Material Adverse Change, the Borrower Company shall give the Administrative Agent notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given by telephone, shall be promptly confirmed in writing on the next Business Day.

Default Notices. As soon as practicable, and in any event within five Business Days after a Responsible Officer of any Loan Party has actual knowledge of the existence of any Default, Event of Default or other event having had a Material Adverse Effect or having any reasonable likelihood of causing or resulting in a Material Adverse ChangeEffect, the Borrower Company shall give the Administrative Agent notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given by telephone, shall be promptly confirmed in writing on the next Business Day.

Default Notices. As soon as practicable, and in any event within five Business Days after a Responsible Officer of any Loan Party has actual knowledge of the existence of any Default, Event of Default or other event having had a Material Adverse Effect or having any reasonable likelihood of causing or resulting in a Material Adverse Change, the Borrower Company shall give the Administrative Agent notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given by telephone, shall be promptly confirmed in writing on the next Business Day.

Default Notices. As soon as practicable, and in any --------------- event within five Business Days after a Responsible Officer of any Loan Party has actual knowledge of the existence of any Default, Event of Default or other event having which has had a Material Adverse Effect or having which has any reasonable likelihood of causing or resulting in a Material Adverse Change, the Borrower Borrowers shall give the Administrative Agent notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given by telephone, shall be promptly confirmed in writing on the next Business Day.

Default Notices. As soon as practicable, and in any event within five Business Days after a Responsible Officer of any Loan Transaction Party has actual knowledge Knowledge of the existence of any Potential Default, Event of Default or other event having had a Material Adverse Effect or having any reasonable likelihood of causing or resulting in a Material Adverse ChangeEffect, the Borrower shall give the Administrative Agent notice specifying the nature of such Potential Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given by telephone, shall be promptly confirmed in writing on the next Business Day.

Default Notices. As soon as practicable, and in any event within five Business Days after a Responsible Officer of any Loan Party has actual knowledge of the existence of any Default, Event of Default or other event having had a Material Adverse Effect or having any reasonable likelihood of causing or resulting in a Material Adverse Change, the Borrower shall give the Administrative Agent notice specifying the nature of such Default or Event of Default or such other event, including the anticipated effect thereof, which notice, if given by telephone, shall be promptly confirmed in writing on the next Business Day.

Default Notices. As soon as practicable, and in any event within five Business Days after a Responsible Officer of any Loan Party has actual knowledge of the existence of any Default, Event of Default or other event having had a Material Adverse Effect or having any reasonable likelihood of causing or resulting in a Material Adverse Change, the Borrower shall give the Administrative Agent notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given by telephone, shall be promptly confirmed in writing on the next Business Day.. AMENDED AND RESTATED CREDIT AGREEMENT XXXXX HEALTHCARE CORPORATION

Default Notices. As soon as practicable, and in any event within five Business Days after a Responsible Officer of any Loan Party has actual knowledge of the existence of any Default, Event of Default or other event having had a Material Adverse Effect or having any reasonable likelihood of causing or resulting in a Material Adverse ChangeEffect, the Ultimate Parent Co-Borrower shall give the Administrative Agent notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given by telephone, shall be promptly confirmed in writing on the next Business Day.

Default Notices. As soon as practicable, and in any event within five 5 Business Days after a Responsible Officer of any Loan Party has actual knowledge of the existence of any Default, Event of Default or other event or condition having had a Material Adverse Effect or having any reasonable likelihood of causing or resulting in a Material Adverse ChangeEffect, the Administrative Borrower shall give the Administrative Agent notice specifying the nature of such Default or Event of Default or other eventevent or condition, including the anticipated effect thereof, which notice, if given by telephone, shall be promptly confirmed in writing on the next Business Day.

Default Notices. As soon as practicable, and in any event within five Business Days after a Responsible Officer of any Loan Party has actual knowledge of the existence of any Default, Event of Default or other event or condition having had a Material Adverse Effect, including a Default, Event of Default or other event or condition having had a Material Adverse Effect under the First Lien Term Loan Credit Agreement or having any reasonable likelihood of causing or resulting in a Material Adverse Changethe Second Lien Credit Agreement, the Administrative Borrower shall give the Administrative Agent notice specifying the nature of such Default or Event of Default or other eventevent or condition, including the anticipated effect thereof, which notice, if given by telephone, shall be promptly confirmed in writing on the next Business Day.

Default Notices. As soon as practicable, and in any event within five Business Days after a Responsible Officer of any Loan Borrower Party has actual knowledge Knowledge of the existence of any Potential Default, Event of Default or other event having had a Material Adverse Effect or having any reasonable likelihood of causing or resulting in a Property Material Adverse ChangeEffect, the Borrower shall give the Administrative Agent notice specifying the nature of such Potential Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given by telephone, shall be promptly confirmed in writing on the next Business Day.

Default Notices. As soon as practicable, and in any event within five two Business Days after a Responsible Officer of any Loan Party has actual knowledge of the existence of any Default, Event of Default or other event having which has had a Material Adverse Effect or having any reasonable likelihood of causing or resulting in a Material Adverse ChangeEffect, the Borrower Group shall give the Administrative Agent notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given by telephone, shall be promptly confirmed in writing on the next Business Day.

Default Notices. As soon as practicable, and in any event within five Business Days after a Responsible Officer of any Loan Party has actual knowledge of the existence of any Default, Event of Default or other event having which has had a Material Adverse Effect or having any reasonable likelihood of causing or resulting in a Material Adverse ChangeEffect, the Borrower Applicable Memec Parent shall give the Administrative Agent Facility Agents notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given by telephone, shall be promptly confirmed in writing on the next Business Day.

Default Notices. As soon as practicable, and in any event within five Business Days after a Responsible Officer of any Loan Party has actual knowledge of the existence of any Default, Event of Default or other the occurrence of an event having had a Material Adverse Effect or having any a reasonable likelihood of causing or resulting in a Material Adverse Change, the Borrower Company shall give the Administrative Agent notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given by telephone, shall be promptly confirmed in writing on the next Business Day.

Default Notices. As soon as practicable, and in any event within five Business Days after a Responsible Officer of any Loan Party has actual knowledge of the existence of any Default, Event of Default or other event or condition having had a Material Adverse Effect, including a Default, Event of Default or other event or condition having had a Material Adverse Effect under the Revolving Credit Agreement or having any reasonable likelihood of causing or resulting in a Material Adverse Changethe First Lien Term Loan Credit Agreement, the Administrative Borrower shall give the Administrative Agent notice specifying the nature of such Default or Event of Default or other eventevent or condition, including the anticipated effect thereof, which notice, if given by telephone, shall be promptly confirmed in writing on the next Business Day.

Default Notices. As soon as practicable, and in any event within five Business Days after a Responsible Officer of any Loan Party has actual knowledge of the existence of any Default, Event of Default or other event having had a Material Adverse Effect or having any reasonable likelihood of causing or resulting in could reasonably be expected to have a Material Adverse Change, the Borrower shall give the Administrative Agent notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given by telephone, shall be promptly confirmed in writing on the next Business Day.

Default Notices. As soon as practicable, and in any event within five Business Days after a Responsible Officer of any Loan Party has actual knowledge of the existence of any default by the Borrower under the terms of any agreement governing any of the Borrower's Indebtedness, Default, Event of Default or other event having which has had a Material Adverse Effect or having which has any reasonable likelihood of causing or resulting in a Material Adverse Change, the Borrower shall give the Administrative Agent and the Permitted Participant notice specifying the nature of such default, Default or Event of Default or other event, including the anticipated effect thereof, if known, which notice, if given by telephone, shall be promptly confirmed in writing on the next Business Day.

Default Notices. As soon as practicable, and in any event within five Business Days after a Responsible Officer of any Loan Party has actual knowledge of the existence of any Default, Event of Default or other event having which has had a Material Adverse Effect or having which has any reasonable likelihood of causing or resulting in a Material Adverse Change, the Borrower shall give the Administrative Agent and each of the Lenders notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, if known, which notice, if given by telephone, shall be promptly confirmed in writing on the next Business Day.

Default Notices. As soon as practicable, and in any event within five Business Days after a Responsible Officer of any Loan Party has actual knowledge of the existence of any Default, Event of Default or other event having had a Material Adverse Effect or having any reasonable likelihood of causing or resulting in a Material Adverse ChangeEffect, the Administrative Borrower shall give the Administrative Agent notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given by telephone, shall be promptly confirmed in writing on the next Business Day.

Default Notices. As soon as practicable, and in any event within five (5) Business Days after a Responsible Officer of any Loan Party has actual knowledge of the existence of any Default, Event of Default or other event having which has had a Material Adverse Effect or having any reasonable likelihood of causing which could reasonably be expected to cause or resulting result in a Material Adverse Change, the each Borrower shall give the Administrative Agent telephonic or telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given by telephonetelephonically, shall be promptly confirmed in writing on the next Business Day.

Default Notices. As soon as practicable, and in any event within five Business Days after a Responsible Officer of any Loan Party has actual knowledge of the existence of any Default, Event of Default or other event having which has had a Material Adverse Effect or having which has any reasonable likelihood of causing or resulting in a Material Adverse Change, the Borrower Borrowers shall give the Administrative Agent notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given by telephone, shall be promptly confirmed in writing on the next Business Day.

Default Notices. As soon as practicable, and in any event within five Business Days after a Responsible Officer of any Loan Party has actual knowledge of the existence of any Default, Event of Default or other event having which has had a Material Adverse Effect or having which has any reasonable likelihood of causing or resulting in a Material Adverse Change, the Borrower (and, as to CFCC, CFCC) shall give the Administrative Agent notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given by telephone, shall be promptly confirmed in writing on the next Business Day.

Default Notices. As soon as practicable, and in any event within five two Business Days after a Responsible Officer of any Loan Party has actual knowledge of the existence of any Default, Event of Default or any other event having which has had a Material Adverse Effect or having any reasonable likelihood of causing or resulting in a Material Adverse ChangeEffect, the Borrower Group shall give the each Administrative Agent notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given by telephone, shall be promptly confirmed in writing on the next Business Day.

Default Notices. As soon as practicable, and in any event within five Business Days after a Responsible Officer of any Loan Credit Party has actual knowledge of the existence of any Default, Event of Default or other event having had a Material Adverse Effect or having any reasonable likelihood of causing or resulting in a Material Adverse Change, the Borrower Company shall give the Administrative Agent notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given by telephone, shall be promptly confirmed in writing on the next Business Day.

Default Notices. As soon as practicable, and in any event within five Business Days after a Responsible Officer of any Loan Party has actual knowledge of the existence of any Default, Event of Default or other event having had a Material Adverse Effect or having any reasonable likelihood of causing or resulting in a Material Adverse ChangeEffect, the Borrower Company shall give the Administrative Agent notice specifying the nature of such Default or Event of Default or other AMENDED AND RESTATED CREDIT AGREEMENT SUNTRON CORPORATION event, including the anticipated effect thereof, which notice, if given by telephone, shall be promptly confirmed in writing on the next Business Day.

Default Notices. As To Administrative Agent and Lenders, as soon as practicable, and in any event within five (5) Business Days after a Responsible Officer of any a Loan Party has actual knowledge of the existence of any Default, Event of Default or other event having had which has had, or could reasonably be expected to have, a Material Adverse Effect Effect, by telephone or having any reasonable likelihood of causing or resulting in a Material Adverse Change, the Borrower shall give the Administrative Agent written notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given by telephonetelephonically, shall be promptly confirmed in writing on the next Business Day.;

Default Notices. As soon as practicable, and in any event within five Business Days after a Responsible Officer of any Loan Transaction Party has actual knowledge Knowledge of the existence of any Potential Default, Event of Default or other event having had a Material Adverse Effect or having any reasonable likelihood of causing or resulting in a Material Adverse ChangeEffect, the Borrower Borrowers shall give the Administrative Agent notice specifying the nature of such Potential Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given by telephone, shall be promptly confirmed in writing on the next Business Day.

Default Notices. As soon as practicable, and in any event within five Business Days after a Responsible Officer of any Loan Party has actual knowledge of the existence of any Default, Event of Default or other event having which has had a Material Adverse Effect or having any reasonable likelihood of causing or resulting in a Material Adverse Change, such Loan Party or the Borrower shall give the Administrative Agent notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given by telephone, shall be promptly confirmed in writing on the next Business Day.

Default Notices. As soon as practicable, and in any event within five Business Days after a Responsible Officer of any Loan Party has actual knowledge of the existence of any Default, Event of Default or other event having had a Material Adverse Effect or having any reasonable likelihood of causing or resulting in a Material Adverse Change, the U.S. Borrower shall give the Administrative Agent notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given by telephone, shall be promptly confirmed in writing on the next Business Day.

Default Notices. As soon as practicable, and in any event within five Business Days after a Responsible Officer of any Loan Party has actual knowledge of the existence of any Default, Event of Default or other event having had a Material Adverse Effect or having any reasonable likelihood of causing or resulting in a Material Adverse Change, the Borrower Holdings shall give the Administrative Agent notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given by telephone, shall be promptly confirmed in writing on the next Business Day.

Default Notices. As soon as practicable, and in any event within five Business Days after a Responsible Officer of any Loan Party has actual knowledge of the existence of any Default, Event of Default or other event having had a Material Adverse Effect or having any reasonable likelihood of causing or resulting in a Material Adverse Change, the Borrower and the Company shall give the Administrative Agent notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given by telephone, shall be promptly confirmed in writing on the next Business Day.

Default Notices. As soon as practicable, and in any event within five three (3) Business Days after a Responsible Officer of any Loan Party has actual knowledge of the existence of any Default, Event of Default or any other event having which has had a Material Adverse Effect or having which has any reasonable likelihood of causing or resulting in a Material Adverse Change, the Borrower shall give the Administrative Agent notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given by telephone, shall be promptly confirmed in writing on the next Business Day.

Default Notices. As To the Administrative Agent and Lenders, as soon as practicable, and in any event within five [*] Business Days after a Responsible Officer an executive officer of any Loan Party has actual knowledge of the existence of any Default, Event of Default or other event having that has had a Material Adverse Effect Effect, telephonic or having any reasonable likelihood of causing or resulting in a Material Adverse Change, the Borrower shall give the Administrative Agent telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given by telephonetelephonically, shall be promptly confirmed in writing on the next Business Day.

Default Notices. As soon as practicable, and in any event within five three Business Days after a Responsible Officer of any Loan Party Borrower has actual knowledge of the existence of any Default, Event of Default or other event having which has had a Material Adverse Effect or having any reasonable likelihood of causing which could reasonably be expected to cause or resulting result in a Material Adverse ChangeEffect, the Borrower Borrowers shall give the Administrative Agent notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given by telephone, shall be promptly confirmed in writing on the next Business Day.

Default Notices. As soon as practicable, and in any event within five Business Days after a Responsible Officer of any Loan Credit Party has actual knowledge of the existence of any Default, Event of Default or other event having had a Material Adverse Effect or having any reasonable likelihood of causing or resulting resulting in a Material Adverse Change, the Borrower Company shall give the Administrative Agent notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given by telephone, shall be promptly confirmed in writing on the next Business Day.

Default Notices. As soon as practicable, and in any event within five Business Days after a Responsible Officer of any Loan Party Group Member has actual knowledge of the existence of any Default, Event of Default or other event having had a Material Adverse Effect or having any reasonable likelihood of causing or resulting in a Material Adverse Change, the Borrower shall give the Administrative Agent notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given by telephone, shall be promptly confirmed in writing on the next Business Day.

Default Notices. As soon as practicable, and in any event within five Business Days after a Responsible Officer of any Loan Party has actual knowledge of the existence of any Default, Event of Default or other event having had a Material Adverse Effect or having any reasonable likelihood of causing could reasonably be expected to cause or resulting result in a Material Adverse Change, the Borrower shall give the Administrative Agent notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given by telephone, shall be promptly confirmed in writing on the next Business Day.

Default Notices. As soon as practicable, and in any event within five Business Days after a Responsible Officer of any Loan Party has actual knowledge of the existence of any Default, Event of Default or any other event having which has had a Material Adverse Effect or having any reasonable likelihood of causing or resulting in a Material Adverse ChangeEffect, the Borrower Group shall give the Administrative Agent notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given by telephone, shall be promptly confirmed in writing on the next Business Day.

Default Notices. As soon as practicable, and in any event within five (5) Business Days after a Responsible Officer of any Loan Party has actual knowledge of the existence of any Default, Event of Default or other event having which has had a Material Adverse Effect or having any reasonable likelihood of causing or resulting in a Material Adverse Change, such Loan Party or the Borrower shall give the Administrative Agent notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given by telephone, shall be promptly confirmed in writing on the next Business Day.

Default Notices. As soon as practicable, and in any event within five two Business Days after a Responsible Officer of any Loan Party has actual knowledge of the existence of any Default, Event of Default or other event having which has had a Material Adverse Effect or having any reasonable likelihood of causing or resulting in a Material Adverse Change, the Borrower Group shall give the Administrative Agent notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given by telephone, shall be promptly confirmed in writing on the next Business Day.