Common use of Defaults and other Material Events Clause in Contracts

Defaults and other Material Events. As soon as practicable, and in any event within five (5) Business Days after any executive or financial officer of any Credit Party obtains knowledge of the existence of any event that could reasonably be expected to have a Material Adverse Effect or of any Default, telephonic or telecopied notice specifying the nature of such event or Default, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.

Appears in 4 contracts

Samples: Credit Agreement (Curative Health Services Inc), Credit Agreement (Medical Staffing Network Holdings Inc), Credit Agreement (Medical Staffing Network Holdings Inc)

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Defaults and other Material Events. As soon as practicable, and in any event within five (5) Business Days after any executive or financial officer Responsible Officer of any Credit Party obtains knowledge of the existence of any Default or other event that could reasonably be expected to have a Material Adverse Effect or of any DefaultEffect, telephonic or telecopied notice specifying the nature of such event Default or Defaultother event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.

Appears in 1 contract

Samples: Loan and Security Agreement (Clarient, Inc)

Defaults and other Material Events. As soon as practicable, and in any event within five (5) Business Days after any executive the Chief Executive Officer or financial officer Chief Financial Officer of any Credit Party obtains knowledge of the existence of any event that could reasonably be expected to have a Material Adverse Effect or of any Event of Default, telephonic or telecopied notice specifying the nature of such event or Event of Default, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.

Appears in 1 contract

Samples: Credit Agreement (Castle Dental Centers Inc)

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Defaults and other Material Events. As soon as practicable, and in any event within five (5) Business Days Busixxxx Xxxx after any executive or financial officer of any Credit Party obtains knowledge of the existence of any event that could reasonably be expected to have a Material Adverse Effect or of any Default, telephonic or telecopied notice specifying the nature of such event or Default, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.

Appears in 1 contract

Samples: Credit Agreement (Curative Health Services Inc)

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