Disclosure of Material Matters. Immediately upon learning thereof, report to Lender all matters materially affecting the value, enforceability or collectibility of any portion of the Collateral including, without limitation, 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 4 contracts
Samples: Credit and Security Agreement (Omni Energy Services Corp), Credit and Security Agreement (Omni Energy Services Corp), Security Agreement (Parlux Fragrances Inc)
Disclosure of Material Matters. Immediately upon learning thereof, report to Lender all matters materially affecting the value, enforceability or collectibility of any portion of the Collateral including, without limitation, any Borrower's ’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 2 contracts
Samples: Term Loan and Security Agreement (Allied Motion Technologies Inc), Credit and Security Agreement (Memry Corp)
Disclosure of Material Matters. Immediately It shall immediately upon learning thereof, report to the Lender all matters materially affecting the value, enforceability or collectibility of any portion of the Collateral including, without limitation, any the Borrower's reclamation or repossession of, or the return to any the Borrower of, of a material amount of goods or claims or disputes asserted by any Customer or other obligor.
Appears in 1 contract
Samples: Tristar Corp
Disclosure of Material Matters. Immediately upon learning thereof, report to Lender all matters materially affecting the value, enforceability or collectibility of any portion of the Collateral including, without limitation, any Borrower's ’s reclamation or repossession of, or the return to any such Borrower of, a material amount of goods or claims or disputes asserted by any Customer or other obligor.
Appears in 1 contract
Samples: Security Agreement (Franklin Electronic Publishers Inc)
Disclosure of Material Matters. Immediately upon learning thereof, report to Term B Lender all matters materially affecting the value, enforceability or collectibility of any portion of the Collateral includingCollateral, without limitation, any including 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: Term Loan and Security Agreement (Air Industries Group, Inc.)
Disclosure of Material Matters. Immediately Each Borrower shall immediately, upon learning thereof, report to Lender Lenders all matters materially affecting the value, enforceability or collectibility of any portion of the Collateral Collateral, including, without limitation, any Borrower's ’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 customer or other obligor.
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Disclosure of Material Matters. Immediately upon learning thereof, report to the Lender all matters materially affecting the value, enforceability or collectibility of any portion of the Collateral including, without limitation, any BorrowerLoan Party's reclamation or repossession of, or the return to any Borrower Loan Party of, a material amount of goods or material claims or material disputes asserted by any Customer or other obligor.
Appears in 1 contract
Disclosure of Material Matters. Immediately upon learning thereof, report to Lender all matters materially affecting the value, enforceability or collectibility collectability of any portion of the Collateral including, without limitation, 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 claims or disputes asserted by any Customer or other obligor.
Appears in 1 contract
Samples: Credit and Security Agreement (Cold Metal Products Inc)
Disclosure of Material Matters. Immediately upon learning thereof, report to Lender all matters materially affecting the value, enforceability or collectibility of any material portion of the Collateral including, without limitation, 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.
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Disclosure of Material Matters. Immediately upon learning thereof, report to Lender all matters materially and adversely affecting the value, enforceability or collectibility collectability of any portion of the Collateral including, without limitation, any Borrower's reclamation or repossession ofCollateral, or the return to any Lien other than Lender’s security interest (and Liens not prohibited hereunder), placed upon or asserted against Borrower of, a material amount of goods or claims or disputes asserted by any Customer or other obligorCollateral.
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Disclosure of Material Matters. Immediately upon learning thereof, report to the Lender all matters materially affecting the value, enforceability or collectibility collectability of any portion of the Collateral including, without limitationincluding any Lien or claim asserted against the Collateral, any Borrower's loss, damage or destruction of any material portion of the Collateral, and any Loan Party’s reclamation or repossession of, or the return to any Borrower Loan Party of, a material amount of goods or material claims or material disputes asserted by any Customer Account Debtor or other obligor.
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Disclosure of Material Matters. Immediately upon learning thereof, report to Lender the Borrower all matters materially affecting the value, enforceability or collectibility of any portion of the Collateral including, without limitation, any BorrowerBorrower Party's reclamation or repossession of, or the return to any Borrower Party of, a material amount of goods or claims or disputes asserted by any Customer customer or other obligor.
Appears in 1 contract
Samples: Security Agreement (Fidelity National Information Solutions Inc)
Disclosure of Material Matters. Immediately upon learning thereof, report to the Lender any Default and all matters materially affecting the value, enforceability or collectibility of any portion of the Collateral including, without limitationincluding any Lien or claim asserted against the Collateral, any Borrower's loss, damage or destruction of any material portion of the Collateral, and any Loan Party’s reclamation or repossession of, or the return to any Borrower Loan Party of, a material amount of goods or material claims or material disputes asserted by any Customer Account Debtor or other obligor.
Appears in 1 contract
Samples: Credit and Security Agreement (Sifco Industries Inc)
Disclosure of Material Matters. Immediately upon learning thereof, report to Lender all matters materially affecting the value, enforceability or collectibility collectability of any portion of the Collateral includingCollateral, without limitation, including any Borrower's ’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.
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Disclosure of Material Matters. Immediately upon learning thereof, report to Lender the Borrower all matters materially affecting the value, enforceability or collectibility of any portion of the Collateral including, without limitation, any Borrower's Borrower Party’s reclamation or repossession of, or the return to any Borrower Party of, a material amount of goods or claims or disputes asserted by any Customer customer or other obligor.
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Disclosure of Material Matters. Immediately upon learning thereof, report to Lender all matters materially affecting the value, enforceability or collectibility of any portion of the Collateral including, without limitation, 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. 9.2.
Appears in 1 contract
Samples: Credit, Term Loan And Security Agreement (Measurement Specialties Inc)
Disclosure of Material Matters. Immediately Promptly upon learning thereof, report to Lender all matters materially affecting that could reasonably be expected to have a material adverse affect on the value, enforceability or collectibility of any material portion of the Collateral including, without limitation, 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.
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Disclosure of Material Matters. Immediately upon learning thereof, report to Lender all matters materially affecting the value, enforceability or collectibility of any portion of the Collateral including, without limitation, any Borrower's Loan Party’s reclamation or repossession of, or the return to any Borrower Loan Party of, a material amount of goods or claims or disputes asserted by any Mortgagor Customer or other obligor.
Appears in 1 contract
Samples: Credit and Security Agreement (Manhattan Bridge Capital, Inc)
Disclosure of Material Matters. Immediately Promptly upon learning thereof, report to Lender all matters materially affecting the value, enforceability or collectibility of any portion item of the Collateral with a value in excess of $25,000 including, without limitation, 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: Credit and Security Agreement (Prima Group International Inc)
Disclosure of Material Matters. Immediately upon learning thereof, report to Lender all matters materially affecting the value, enforceability or collectibility of any portion of the Collateral including, without limitation, any Borrower's ’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: Term Loan and Security Agreement (U S Wireless Data Inc)
Disclosure of Material Matters. Immediately Promptly upon learning thereof, report to Lender all matters materially affecting the value, enforceability or collectibility collectability of any portion of the Collateral including, without limitation, 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 obligorCollateral.
Appears in 1 contract
Samples: Loan and Security Agreement