Information under Material Indebtedness Sample Clauses
The 'Information under Material Indebtedness' clause requires a party to disclose relevant information regarding any significant debts or financial obligations it holds. In practice, this means the party must inform the other side about the existence, terms, and status of loans, credit agreements, or other material liabilities that could impact its financial standing or ability to perform under the contract. This clause ensures transparency about financial risks, allowing the other party to assess potential exposure and make informed decisions.
Information under Material Indebtedness. Promptly after the furnishing thereof and to the extent not otherwise required to be furnished to the Lenders pursuant to any clause of this Section 5.1, copies of any material requests or material notices received by any Credit Party or any Restricted Subsidiary (other than in the ordinary course of business) or material statements or material reports (other than in connection with any board observer rights furnished by Holdings, the Borrower or any Restricted Subsidiary pursuant to the terms of any Permitted Term Indebtedness;
Information under Material Indebtedness. Promptly after the furnishing thereof and to the extent not otherwise required to be furnished to the Lenders pursuant to any clause of this Section 5.1, copies of any material requests or material notices received by any Credit Party or any Restricted Subsidiary (other than in the ordinary course of business) or material statements or material reports (other than in connection with any board observer rights and, with respect to any Permitted Revolving Indebtedness, other than borrowing base and related certificates) furnished by Holdings, the Borrower or any Restricted Subsidiary pursuant to the terms of any Permitted Credit Agreement Refinancing Indebtedness, any Permitted Incremental Equivalent Indebtedness or any Permitted Revolving Indebtedness;