Common use of Disclosure of Classified Material Clause in Contracts

Disclosure of Classified Material. Borrowers and the Lender Group acknowledge that due to the nature of Borrowers’ business and their customers, certain items comprising the Collateral contain “classified” information and/or data (“Classified Material”) which may not be legally disclosed without proper authorization and/or security clearance (a “Security Clearance”). The Lender Group agrees that to the extent any representation, warranty, or covenant of either Borrower or right or remedy of the Lender Group contained in this Agreement or the other Loan Documents would otherwise require any Borrower to disclose Classified Material without a proper Security Clearance, such representation, warranty, covenant, right or remedy shall not apply with respect to obligations which would lead to such illegal disclosure; provided that any time a Borrower refuses, declines or otherwise fails to fulfill an obligation under this Agreement or the other Loan Documents due to an invocation of this provision or the substance thereof, such Borrower shall promptly provide written notice to Agent of that fact certifying that it has complied with its obligations hereunder or under the other Loan Documents to the fullest extent possible without illegally disclosing Classified Material and, upon the reasonable request of Agent, such Borrower shall provide evidence reasonably satisfactory to Agent that the requested items of Collateral or information are in fact “classified.”

Appears in 2 contracts

Samples: Credit Agreement (Silicon Graphics Inc), Loan and Security Agreement (Silicon Graphics Inc /Ca/)

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Disclosure of Classified Material. (a) Borrowers and the Lender Group DIP Lenders acknowledge that due to the nature of Borrowers’ business and their customers, certain items comprising the Collateral contain “classified” information and/or data (“Classified Material”) which may not be legally disclosed without proper authorization and/or security clearance (a “Security Clearance”). The Lender Group agrees DIP Lenders agree that to the extent any representation, warranty, or covenant of either any Borrower or right or remedy of the Lender Group DIP Lenders contained in this DIP Loan Agreement or the other Loan Documents would otherwise require any Borrower to disclose Classified Material without a proper Security Clearance, such representation, warranty, covenant, right or remedy shall not apply with respect to obligations which would lead to such illegal disclosure; provided that any time a Borrower refuses, declines or otherwise fails to fulfill an obligation under this DIP Loan Agreement or the other Loan Documents due to an invocation of this provision or the substance thereof, such Borrower shall promptly provide written notice to Agent the DIP Lenders of that fact certifying that it has complied with its obligations hereunder or under the other Loan Documents to the fullest extent possible without illegally disclosing Classified Material and, upon the reasonable request of Agentany DIP Lender, such Borrower shall provide evidence reasonably satisfactory to Agent such DIP Lender that the requested items of Collateral or information are in fact “classified.”

Appears in 1 contract

Samples: Loan and Security Agreement (Silicon Graphics Inc)

Disclosure of Classified Material. (a) The Borrowers and the Lender Group acknowledge that due to the nature of the Borrowers’ business and their customers, certain items comprising the Collateral contain “classified” information and/or or data (“Classified Material”) which may not be legally disclosed without proper authorization and/or or security clearance (a “Security Clearance”). The Lender Group agrees that to the extent any representation, warranty, or covenant of either any Borrower or right or remedy of the Lender Group contained in this Agreement or the other Loan Documents would otherwise require any Borrower to disclose Classified Material without a proper Security Clearance, such representation, warranty, covenant, right or remedy shall not apply with respect to obligations which would lead to such illegal disclosure; provided that any time a Borrower refuses, declines or otherwise fails to fulfill an obligation under this Agreement or the other Loan Documents due to an invocation of this provision or the substance thereof, such Borrower shall promptly provide written notice to Agent the Agents of that fact certifying that it has complied with its obligations hereunder or under the other Loan Documents to the fullest extent possible without illegally disclosing Classified Material and, upon the reasonable request of the Administrative Agent, such Borrower shall provide evidence reasonably satisfactory to the Administrative Agent that the requested items of Collateral or information are in fact “classified.

Appears in 1 contract

Samples: Loan and Security Agreement (Silicon Graphics Inc)

Disclosure of Classified Material. (a) Borrowers and the Lender Group acknowledge that due to the nature of Borrowers’ business and their customers, certain items comprising the Collateral contain “classified” information and/or data (“Classified Material”) which may not be legally disclosed without proper authorization and/or security clearance (a “Security Clearance”). The Lender Group agrees that to the extent any representation, warranty, or covenant of either any Borrower or right or remedy of the Lender Group contained in this Agreement or the other Loan Documents would otherwise require any Borrower to disclose Classified Material without a proper Security Clearance, such representation, warranty, covenant, right or remedy shall not apply with respect to obligations which would lead to such illegal disclosure; provided that any time a Borrower refuses, declines or otherwise fails to fulfill an obligation under this Agreement or the other Loan Documents due to an invocation of this provision or the substance thereof, such Borrower shall promptly provide written notice to Agent of that fact certifying that it has complied with its obligations hereunder or under the other Loan Documents to the fullest extent possible without illegally disclosing Classified Material and, upon the reasonable request of Agent, such Borrower shall provide evidence reasonably satisfactory to Agent that the requested items of Collateral or information are in fact “classified.”

Appears in 1 contract

Samples: Credit Agreement (Silicon Graphics Inc)

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Disclosure of Classified Material. Borrowers and the Lender Group acknowledge that due to the nature of Borrowers' business and their customers, certain items comprising the Collateral contain "classified" information and/or data ("Classified Material") which may not be legally disclosed without proper authorization and/or security clearance (a "Security Clearance"). The Lender Group agrees that to the extent any representation, warranty, or covenant of either Borrower or right or remedy of the Lender Group contained in this Agreement or the other Loan Documents would otherwise require any Borrower to disclose Classified Material without a proper Security Clearance, such representation, warranty, covenant, right or remedy shall not apply with respect to obligations which would lead to such illegal disclosure; provided that any time a Borrower refuses, declines or otherwise fails to fulfill an obligation under this Agreement or the other Loan Documents due to an invocation of this provision or the substance thereof, such Borrower shall promptly provide written notice to Agent of that fact certifying that it has complied with its obligations hereunder or under the other Loan Documents to the fullest extent possible without illegally disclosing Classified Material and, upon the reasonable request of Agent, such Borrower shall provide evidence reasonably satisfactory to Agent that the requested items of Collateral or information are in fact "classified."

Appears in 1 contract

Samples: Loan and Security Agreement (Silicon Graphics Inc /Ca/)

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