Defaults, Other Claims. Immediately inform Secured Party of any default in payment or performance by Debtor or any other Person of any obligation with respect to the Intangible Collateral or of claims made by others in regard to the Intangible Collateral, if either of which could have a Material Adverse Effect.
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Samples: Security Agreement (Scott Cable Communications Inc), Security Agreement (Scott Cable Communications Inc), Security Agreement (Scott Cable Communications Inc)
Defaults, Other Claims. Immediately inform Secured Party of any material default in payment or performance by Debtor or any other Person of any obligation with respect to the Intangible Collateral or of material claims made by others in regard to the Intangible Collateral, if either of which could have a Material Adverse Effect.
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