Common use of Material Adverse Developments Clause in Contracts

Material Adverse Developments. Borrower agrees that immediately upon becoming aware of any development or other information which would reasonably be expected to materially and adversely affect its businesses, financial condition, Property, prospects or its ability to perform under this Agreement, it shall give to Agent telephonic or telegraphic notice specifying the nature of such development or information and such anticipated effect. In addition, such verbal communication shall be confirmed by written notice thereof to Agent on the next business day after such verbal notice is given.

Material Adverse Developments. Each Borrower agrees that immediately upon becoming aware of any development or other information which would reasonably be expected to materially and adversely affect its businesses, financial condition, Property, prospects or its ability to perform under this Agreement, it shall give to Agent telephonic or telegraphic notice specifying the nature of such development or information and such anticipated effect. In addition, such verbal communication shall be confirmed by written notice thereof to Agent on the next business day after such verbal notice is given.

Material Adverse Developments. The Borrower agrees that immediately upon promptly after becoming aware of any development or other information which would reasonably be expected to materially and adversely affect its businesses, financial condition, Property, prospects have or its ability to perform under this Agreementcause a Material Adverse Effect, it shall give to the Agent telephonic or telegraphic notice specifying the nature of such development or information and such anticipated effect. In addition, such verbal communication shall be confirmed by written notice thereof to the Agent on the next business day Business Day after such verbal notice is given.

Material Adverse Developments. Borrower agrees that immediately upon becoming aware of any development or other information which would reasonably be expected to materially and adversely affect its businesses, financial condition, Property, prospects or its ability to perform under this Agreement, it shall give to Agent telephonic or telegraphic facsimile notice specifying the nature of such development or information and such anticipated effect. In addition, any such verbal communication shall be confirmed con firmed by written notice thereof to Agent on the next business day Business Day after such verbal notice is given.

Material Adverse Developments. Borrower agrees Borrowers agree that immediately upon becoming aware of any development or other information which would reasonably be expected to materially and adversely affect its businesses, financial condition, Property, prospects or its ability to perform under this Agreement, it they shall give to Agent Lender telephonic or telegraphic facsimile notice specifying the nature of such development or information and such anticipated effect. In addition, such verbal communication shall be confirmed by written notice thereof to Agent Lender on the next business day Business Day after such verbal notice is given.

Material Adverse Developments. Borrower agrees that immediately upon becoming aware of any development or other information which would reasonably be expected to materially and adversely affect its businesses, financial condition, Property, prospects have or its ability to perform under this Agreementcause a Material Adverse Effect, it shall give to Agent telephonic or telegraphic notice specifying the nature of such development or information and such anticipated effect. In addition, such verbal communication shall be confirmed by written notice thereof to Agent on the next business day after such verbal notice is given.

Material Adverse Developments. Borrower agrees Borrowers agree that immediately ----------------------------- upon becoming aware of any development or other information which would reasonably be expected to materially and adversely affect its their businesses, financial condition, Property, prospects or its ability to perform under this Agreement, it they shall give to Agent Lender telephonic or telegraphic facsimile notice specifying the nature of such development or information and such anticipated effect. In addition, such verbal communication shall be confirmed by written notice thereof to Agent Lender on the next business day after such verbal notice is given.