Financial Information, Reports, Notices. Lessee will furnish, or will cause to be furnished, to Lessor, copies of the following financial statements, reports, notices and information: (a) as soon as possible and in any event within five (5) Business Days after any Authorized Representative obtains knowledge of the occurrence of each Lease Default or default under material agreements of Lessee, a statement of such Authorized Representative setting forth details of such Lease Default or default and the action which Lessee has taken and proposes to take with respect thereto; and (b) as soon as possible and in any event within five (5) Business Days after (x) the occurrence of any material adverse development with respect to any litigation, action, proceeding, or labor controversy of the type described in SECTION 8.5 or (y) the commencement of any labor controversy, litigation, action, proceeding of the type described in SECTION 8.5, notice thereof and, upon request of the Investor and Noteholders, copies of all non-privileged documentation relating thereto.
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