Common use of Disclosure of Material Matters Clause in Contracts

Disclosure of Material Matters. Immediately upon learning thereof, report to Agent all matters materially affecting the value, enforceability or collectibility of any portion of the Collateral including, without limitation, 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.

Appears in 7 contracts

Samples: Loan and Security Agreement (Bucyrus International Inc), Loan and Security Agreement (Bucyrus International Inc), Loan and Security Agreement (BNS Holding, Inc.)

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Disclosure of Material Matters. Immediately upon learning thereof, report to Agent all matters materially affecting the value, enforceability or collectibility of any portion of the Collateral includingCollateral, without limitation, including any Loan PartyBorrower's reclamation or repossession of, or the return to any Loan Party Borrower of, a material amount of goods or claims or disputes asserted by any Customer or other obligor.

Appears in 4 contracts

Samples: Revolving Credit and Security Agreement (Teamstaff Inc), Revolving Credit and Security Agreement (Union Drilling Inc), Revolving Credit and Security Agreement (Compudyne Corp)

Disclosure of Material Matters. Immediately upon learning thereof, report to Agent all matters materially affecting the value, enforceability or collectibility of any portion of the Collateral including, without limitation, any Loan PartyBorrower's reclamation or repossession of, or the return to any Loan Party Borrower of, a material amount of goods or claims or disputes asserted by any Customer Lessee or other obligor.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (PDS Financial Corp)

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Disclosure of Material Matters. Immediately upon learning thereof, report to Agent all matters materially affecting the value, enforceability or collectibility of any portion of the Collateral including, without limitation, any Loan Partyincluding Borrower's reclamation or repossession of, or the return to any Loan Party 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 (Aaf McQuay Inc)

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