Common use of Disclosure Updates Clause in Contracts

Disclosure Updates. Promptly and in no event later than 5 Business Days after obtaining knowledge thereof, (a) notify Lender if any written information, exhibit, or report furnished to Lender contained any untrue statement of a material fact or omitted to state any material fact necessary to make the statements contained therein not misleading in light of the circumstances in which made, and (b) correct any defect or error that may be discovered therein or in any Loan Document or in the execution, acknowledgement, filing, or recordation thereof.

Appears in 17 contracts

Samples: Loan and Security Agreement (I Link Inc), Loan and Security Agreement (Old Evangeline Downs Capital Corp), Loan Agreement (Synalloy Corp)

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Disclosure Updates. Promptly and in no event later than 5 Business Days after obtaining knowledge thereof, (a) notify Lender if any written information, exhibit, or report furnished to Lender contained any untrue statement of a material fact or omitted to state any material fact necessary to make the statements contained therein not misleading in light of the circumstances in which made, and (b) correct any defect or error that may be discovered therein or in any Loan Document or in the execution, acknowledgementacknowledgment, filing, or recordation thereof.

Appears in 4 contracts

Samples: Loan and Security Agreement (Cray Inc), Loan and Security Agreement (Mikohn Gaming Corp), Loan and Security Agreement (Qad Inc)

Disclosure Updates. Promptly and in no event later than 5 10 Business Days after obtaining knowledge thereof, (a) notify Lender Agent if any written information, exhibit, or report furnished to the Lender Group contained any untrue statement of a material fact or omitted to state any material fact necessary to make the statements contained therein not misleading in light of the circumstances in which made, and (b) correct any defect or error that may be discovered therein or in any Loan Document or in the execution, acknowledgement, filing, or recordation thereof.

Appears in 4 contracts

Samples: Loan and Security Agreement (Metalico Inc), Loan and Security Agreement (Ultimate Electronics Inc), Loan and Security Agreement (Ultimate Electronics Inc)

Disclosure Updates. Promptly and in no event later than 5 10 Business Days after obtaining knowledge thereof, (a) notify Lender if any written information, exhibit, or report furnished to Lender contained any untrue statement of a material fact or omitted to state any material fact necessary to make the statements contained therein not misleading in light of the circumstances in which made, and (b) correct any defect or error that may be discovered therein or in any Loan Document or in the execution, acknowledgement, filing, or recordation thereof.

Appears in 3 contracts

Samples: Loan and Security Agreement (Vitalworks Inc), Loan and Security Agreement (Vitalworks Inc), Loan and Security Agreement (Metalico Inc)

Disclosure Updates. Promptly and in no event later than 5 Business ------------------ Days after obtaining knowledge thereof, (a) notify Lender Agent if any written information, exhibit, or report furnished to the Lender Group contained any untrue statement of a material fact or omitted to state any material fact necessary to make the statements contained therein not misleading in light of the circumstances in which made, and (b) correct any defect or error that may be discovered therein or in any Loan Document or in the execution, acknowledgement, filing, or recordation thereof.

Appears in 3 contracts

Samples: Loan and Security Agreement (Friede Goldman Halter Inc), Loan and Security Agreement (Hologic Inc), Loan and Security Agreement (Cellstar Corp)

Disclosure Updates. Promptly and in no event later than 5 five (5) Business Days after obtaining knowledge thereof, (a) notify Lender if any written information, exhibit, or report furnished to Lender contained any untrue statement of a material fact or omitted to state any material fact necessary to make the statements contained therein not misleading in light of the circumstances in which made, and (b) correct any defect or error that may be discovered therein or in any Loan Document or in the execution, acknowledgement, filing, or recordation thereof.

Appears in 3 contracts

Samples: Credit Agreement (Piccadilly Cafeterias Inc), Loan and Security Agreement (RMH Teleservices Inc), Loan and Security Agreement (Equifin Inc)

Disclosure Updates. Promptly and in no event later than 5 Business ------------------ Days after obtaining knowledge thereof, (a) notify Lender if any written information, exhibit, or report furnished to Lender contained any untrue statement of a material fact or omitted to state any material fact necessary to make the statements contained therein not misleading in light of the circumstances in which made, and (b) correct any defect or error that may be discovered therein or in any Loan Document or in the execution, acknowledgement, filing, or recordation thereof.

Appears in 2 contracts

Samples: Loan and Security Agreement (Microstrategy Inc), Loan and Security Agreement (Microstrategy Inc)

Disclosure Updates. Promptly and in no event later than 5 Business Days after obtaining knowledge thereof, (ai) notify Lender if any written information, exhibit, or report exhibits and reports furnished to Lender contained any untrue statement of a material fact or omitted to state any material fact or any fact necessary to make the statements contained therein not misleading in light of the circumstances in which made, ; and (bii) correct any defect or error that may be discovered therein or in any Loan Transaction Document or in the execution, acknowledgement, filing, filing or recordation thereof.

Appears in 2 contracts

Samples: Loan Agreement (American Retirement Corp), Loan Agreement (American Retirement Corp)

Disclosure Updates. Promptly and in no event later than 5 Business Days after obtaining knowledge thereof, (a) notify Lender Agent if any written information, exhibit, exhibit or report furnished to the Lender Group contained any untrue statement of a material fact or omitted to state any material fact necessary to make the statements contained therein not misleading in light of the circumstances in which made, made and (b) correct any defect or error that may be discovered therein or in any Loan Document or in the execution, acknowledgement, filing, filing or recordation thereof.

Appears in 2 contracts

Samples: Loan Agreement (Abraxas Petroleum Corp), Loan Agreement (Abraxas Petroleum Corp)

Disclosure Updates. Promptly Promptly, and in no event later than 5 Business Days Days, after obtaining knowledge thereof, (a) notify Lender if any written information, exhibit, or report furnished to Lender contained any untrue statement of a material fact or omitted to state any material fact necessary to make the statements contained therein not misleading in light of the circumstances in which made, and (b) correct any defect or error that may be discovered therein or in any Loan Document or in the execution, acknowledgement, filing, or recordation thereof.

Appears in 1 contract

Samples: Term Loan and Security Agreement (Cascade Corp)

Disclosure Updates. Promptly and in no event later than 5 Business Days after obtaining knowledge thereofthereof (unless a longer period of time is specifically provided for in another Section of this Agreement), (a) notify Lender if any written information, exhibit, or report furnished to Lender contained any untrue statement of a material fact or omitted to state any material fact necessary to make the statements contained therein not misleading in light of the circumstances in which made, and (b) correct any defect or error that may be discovered therein or in any Loan Document or in the execution, acknowledgement, filing, or recordation thereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Fortegra Financial Corp)

Disclosure Updates. Promptly and in no event later than 5 Business Days after obtaining an Authorized Person obtains actual knowledge thereof, (a) notify Lender if any written information, exhibit, or report furnished to Lender contained any untrue statement of a material fact or omitted to state any material fact necessary to make the statements contained therein not misleading in light of the circumstances in which made, and (b) correct any defect or error that may be discovered therein or in any Loan Document or in the execution, acknowledgement, filing, or recordation thereof.

Appears in 1 contract

Samples: Loan Agreement (Arg Property Management Corp)

Disclosure Updates. Promptly and in no event later than 5 10 Business Days after obtaining actual knowledge thereof, (a) notify Lender if any written information, exhibit, or report furnished to Lender contained any untrue statement of a material fact or omitted to state any material fact necessary to make the statements contained therein not misleading in light of the circumstances in which made, and (b) correct any material defect or error that may be discovered therein or in any Loan Document or in the execution, acknowledgement, filing, or recordation thereof.

Appears in 1 contract

Samples: Loan and Security Agreement (New World Restaurant Group Inc)

Disclosure Updates. Promptly and in no event later than 5 Business ------------------ Days after obtaining knowledge thereof, (a) notify Lender Agent if any written information, exhibit, or report furnished to the Lender Group contained any untrue statement of a material fact or omitted to state any material fact necessary to make the statements contained therein not misleading in light of the circumstances in which made, and (b) correct any defect or error that may be discovered therein or in any Loan Document or in the execution, acknowledgement, filing, or recordation thereof.

Appears in 1 contract

Samples: Loan and Security Agreement (DSG International LTD)

Disclosure Updates. Promptly and in no event later than 5 five Business Days after obtaining knowledge thereof, (a) notify Lender if any written information, exhibit, or report furnished to Lender contained when made any untrue statement of a material fact or omitted to state any material fact necessary to make the statements contained therein not misleading in light of the circumstances in which made, and (b) correct any defect or error that may be discovered therein or in the filing or recordation of any Loan Document to which a Borrower or in the execution, acknowledgement, filing, or recordation thereofMaterial Subsidiary is a party.

Appears in 1 contract

Samples: Loan and Security Agreement (Kroll Inc)

Disclosure Updates. Promptly and in no event later than 5 five Business Days after obtaining knowledge thereof, (a) notify Lender if any written information, exhibit, or report furnished to Lender contained any untrue statement of a material fact or omitted to state any material fact necessary to make the statements contained therein not misleading in light of the circumstances in which made, and (b) correct any defect or error that may be discovered therein or in any Loan Related Document or in the execution, acknowledgement, filing, or recordation thereof.

Appears in 1 contract

Samples: Loan and Stock Purchase Agreement (Autotradecenter Com Inc)

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Disclosure Updates. Promptly and in no event later than 5 Business Days after obtaining knowledge thereof, (a) notify Lender if any written information, exhibit, or report furnished to Lender contained any untrue statement of a material fact or omitted to state any material fact necessary to make the statements contained therein not misleading in light of the circumstances in which made, and (b) correct any defect or error that may be discovered therein or in any Subsidiary Loan Document or in the execution, acknowledgement, filing, or recordation thereof.

Appears in 1 contract

Samples: Loan Agreement (Futurelink Corp)

Disclosure Updates. Promptly and in no event later than 5 Business Days after obtaining knowledge thereof, (a) notify Lender if any written information, exhibit, or report furnished to Lender contained when made any untrue statement of a material fact or omitted to state any material fact necessary to make the statements contained therein not misleading in light of the circumstances in which made, and (b) correct any defect or error that may be discovered therein or in any Loan Document or in the execution, acknowledgement, filing, or recordation thereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Special Devices Inc /De)

Disclosure Updates. Promptly and in no event later than 5 Business Days after obtaining knowledge thereof, (a) notify Lender if any written information, schedule exhibit, or report furnished to Lender contained any untrue statement of a material fact or omitted to state any material fact necessary to make the statements contained therein not misleading in light of the circumstances in which made, and (b) correct any defect or error that may be discovered therein or in any Loan Document or in the execution, acknowledgement, filing, or recordation thereof.

Appears in 1 contract

Samples: Loan and Security Agreement (MRS Fields Holding Co Inc)

Disclosure Updates. Promptly and in no event later than 5 Business Days after obtaining knowledge thereof, (a) notify the Lender if any written information, exhibit, or report furnished furnished, or any representation or warranty made by the Borrower, to the Lender is or becomes untrue in any respect, contained any untrue statement of a material fact fact, or omitted to state any material fact necessary to make the statements contained therein not misleading in light of the circumstances in which made, and (b) correct any defect or error that may be discovered therein or in any Loan Document or in the execution, acknowledgement, filing, or recordation thereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Quest Minerals & Mining Corp)

Disclosure Updates. Promptly and in no event later than 5 Business Days after obtaining knowledge thereof, (a) notify Lender Agent and the Specified Appointee if any written information, exhibit, or report furnished to the Lender Group contained any untrue statement of a material fact or omitted to state any material fact necessary to make the statements contained therein not misleading in light of the circumstances in which made, and (b) correct any defect or error that may be discovered therein or in any Loan Document or in the execution, acknowledgement, filing, or recordation thereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Abraxas Petroleum Corp)

Disclosure Updates. Promptly and in no event later than 5 five Business Days after obtaining knowledge thereof, (a) notify Lender Agent if any written information, exhibit, or report furnished to the Lender Group contained any untrue statement of a material fact or omitted to state any material fact necessary to make the statements contained therein not misleading in light of the circumstances in which made, and (b) correct any defect or error that may be discovered therein or in any Loan Document or in the execution, acknowledgement, filing, or recordation thereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Factory Card Outlet Corp)

Disclosure Updates. Promptly and in no event later than 5 3 Business Days after obtaining knowledge thereof, (a) notify Lender if any written information, exhibit, or report furnished to the Lender contained any untrue statement of a material fact or omitted to state any material fact necessary to make the statements contained therein not misleading in light of the circumstances in which made, and (b) correct any defect or error that may be discovered therein or in any Loan Document or in the execution, acknowledgement, filing, or recordation thereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Bidz.com, Inc.)

Disclosure Updates. Promptly and in no event later than 5 Business Days after obtaining knowledge thereof, (a) notify Lender if any written information, exhibit, or report furnished to Lender contained any untrue statement of a material fact or omitted to state any material fact necessary to make the statements contained therein not misleading in light of the circumstances in which made, and (b) correct any material defect or error that may be discovered therein or in any Loan Document or in the execution, acknowledgement, filing, or recordation thereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Jalou Cashs LLC)

Disclosure Updates. Promptly and in no event later than 5 ------------------ Business Days after obtaining knowledge thereof, (ai) notify Lender Agent if any written information, exhibit, or report furnished to the Lender Group contained any untrue statement of a material fact or omitted to state any material fact necessary to make the statements contained therein not misleading in light of the circumstances in which made, and (bii) correct any defect or error that may be discovered therein or in any Loan Document or in the execution, acknowledgementacknowledgment, filing, or recordation thereof.

Appears in 1 contract

Samples: Loan Agreement (CTC Communications Corp)

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