Disclosure of Material Matters. Immediately upon learning thereof, report to Agent all matters materially adversely affecting the value, enforceability or collectability of any portion of the Collateral in excess of $100,000 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.
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Samples: Revolving Credit and Security Agreement (Virco MFG Corporation), Credit and Security Agreement (Virco MFG Corporation)
Disclosure of Material Matters. Immediately upon learning thereof, report to Agent all matters materially adversely affecting the value, enforceability or collectability collectibilitycollectability of any portion of the Collateral in excess of $100,000 in the aggregate (other than Inventory held by employees of the Borrowers Credit Parties for marketing and sales purposes not in excess of $10,000 in the aggregate), including any BorrowerCredit Party’s reclamation or repossession of, or the return to any Borrower 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. Immediately Promptly upon any Responsible Officer 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 $100,000 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)1,000,000, including any Borrower’s Credit Party's reclamation or repossession of, or the return to any Borrower Credit Party 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 Agent all matters materially adversely affecting the value, enforceability or collectability of any portion of the Collateral with a value equal to or in excess of $100,000 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)50,000, including any BorrowerLoan 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 Customer or other obligor, other than in the Ordinary Course of Business. 9.2.
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Samples: Cca Industries Inc
Disclosure of Material Matters. Immediately upon learning thereof, report to Agent all matters materially adversely affecting the value, enforceability or collectability collectibility of any portion of the Collateral in excess of $100,000 in the aggregate (other than Inventory held by employees of the Borrowers Credit Parties for marketing and sales purposes not in excess of $10,000 in the aggregate), including any BorrowerCredit Party’s reclamation or repossession of, or the return to any Borrower Credit Party of, a material amount of goods or claims or disputes asserted by any Customer or other obligor.
Appears in 1 contract
Disclosure of Material Matters. Immediately ImmediatelyPromptly upon learning thereof, report to Agent all matters materially adversely affecting the value, enforceability or collectability of any portion of the Collateral with an aggregate value in excess of $100,000 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)2,500,000, 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, 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. Immediately Promptly 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 $100,000 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)500,0002,500,000, 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
Disclosure of Material Matters. Immediately Promptly upon learning thereof, report to Agent all matters materially adversely affecting the value, enforceability or collectability collectibility of any portion of the Collateral having a value in excess of $100,000 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)1,000,000 including, including any without limitation, 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
Disclosure of Material Matters. Immediately upon learning thereof, Promptly report to Agent all matters materially adversely affecting the value, enforceability or collectability of any portion of the Collateral having a value in excess of $100,000 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)5,000,000, 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: Credit and Security Agreement (Finish Line Inc /In/)
Disclosure of Material Matters. Immediately upon learning thereof, report to Agent all matters materially adversely affecting the value, enforceability or collectability of any portion of the Collateral in excess of $100,000 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.. 9.2
Appears in 1 contract
Samples: Credit and Security Agreement (Virco MFG Corporation)