Common use of Disclosure of Material Matters Clause in Contracts

Disclosure of Material Matters. Promptly upon learning thereof, report to Agent all matters materially affecting the value, enforceability or collectability of any portion of the Collateral with a value in excess of $250,000.

Appears in 3 contracts

Samples: Term Loan and Security Agreement (ARKO Corp.), Term Loan and Security Agreement (GPM Petroleum LP), Term Loan and Security Agreement (GPM Petroleum LP)

AutoNDA by SimpleDocs

Disclosure of Material Matters. Promptly Immediately upon learning thereof, report to Agent all matters materially adversely affecting the value, enforceability or collectability of any portion of the Collateral with a value in excess of $250,000100,000 in the aggregate (other than Inventory held by employees of the Borrowers for marketing and sales purposes not in excess of $10,000 in the aggregate), including any Borrower’s reclamation or repossession of, or the return to any Borrower of, a material amount of goods or claims or disputes asserted by any Customer or other obligor.

Appears in 3 contracts

Samples: Revolving Credit and Security Agreement (Virco MFG Corporation), Revolving Credit and Security Agreement (Virco MFG Corporation), Revolving Credit and Security Agreement (Virco MFG Corporation)

Disclosure of Material Matters. Promptly ImmediatelyPromptly upon learning thereof, report to Agent all matters materially affecting the value, enforceability or collectability of any portion of the Collateral with a an aggregate value in excess of $250,0002,500,000, including any Borrower's reclamation or repossession of, or the return to any Borrower of, a material amount of goods or claims or disputes asserted by any Customer or other obligor, in each case in excess of $2,500,000.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Great Lakes Dredge & Dock CORP)

Disclosure of Material Matters. Promptly upon any Responsible Officer learning thereof, report to Agent all matters materially affecting the value, enforceability or collectability of any portion of the Collateral with a value in excess of $250,0001,000,000, including any Credit Party's reclamation or repossession of, or the return to any Credit Party of, a material amount of goods or claims or disputes asserted by any Customer or other obligor.

Appears in 1 contract

Samples: Credit and Security Agreement (Ferroglobe PLC)

Disclosure of Material Matters. Promptly upon learning thereof, report to Agent all matters materially affecting the value, enforceability or collectability of any portion of the Collateral with a value in excess of $250,000500,0002,500,000, including any Borrower’s reclamation or repossession of, or the return to any Borrower of, a material amount of goods or claims or disputes asserted by any Customer or other obligor.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (ARKO Corp.)

Disclosure of Material Matters. Promptly Immediately upon learning thereof, report to Agent all matters materially adversely affecting the value, enforceability or collectability collectibilitycollectability of any portion of the Collateral with a value in excess of $250,000100,000 in the aggregate (other than Inventory held by employees of the Credit Parties for marketing and sales purposes not in excess of $10,000 in the aggregate), including any Credit Party’s reclamation or repossession of, or the return to any Credit Party of, a material amount of goods or claims or disputes asserted by any Customer or other obligor.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Virco MFG Corporation)

Disclosure of Material Matters. Promptly upon learning thereof, report to Agent all matters materially affecting the value, enforceability or collectability collectibility of any portion of the Collateral with having a value in excess of $250,0001,000,000 including, without limitation, Borrower's reclamation or repossession of, or the return to Borrower of, a material amount of goods or claims or disputes asserted by any Customer or other obligor.

Appears in 1 contract

Samples: Revolving Credit, Term Loan and Security Agreement (Signal Apparel Company Inc)

AutoNDA by SimpleDocs

Disclosure of Material Matters. Promptly Immediately upon learning thereof, report to Agent all matters materially adversely affecting the value, enforceability or collectability collectibility of any portion of the Collateral with a value in excess of $250,000100,000 in the aggregate (other than Inventory held by employees of the Credit Parties for marketing and sales purposes not in excess of $10,000 in the aggregate), including any Credit Party’s reclamation or repossession of, or the return to any Credit Party of, a material amount of goods or claims or disputes asserted by any Customer or other obligor.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Virco MFG Corporation)

Disclosure of Material Matters. Promptly Immediately upon learning thereof, report to Agent all matters materially affecting the value, enforceability or collectability of any portion of the Collateral with a value equal to or in excess of $250,00050,000, including any Loan Party’s reclamation or repossession of, or the return to any Loan Party of, a material amount of goods or claims or disputes asserted by any Customer or other obligor, other than in the Ordinary Course of Business.

Appears in 1 contract

Samples: Revolving Credit, Term Loan and Security Agreement (Cca Industries Inc)

Disclosure of Material Matters. Promptly upon learning thereof, report to Agent all matters materially affecting the value, enforceability or collectability of any portion of the Collateral with having a value in excess of $250,0005,000,000, including any Borrower’s or Guarantor’s reclamation or repossession of, or the return to any Borrower or Guarantor of, a material amount of goods or material claims or disputes asserted by any Customer or other obligor.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Finish Line Inc /In/)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!