Common use of Material Adverse Developments Clause in Contracts

Material Adverse Developments. Immediately upon becoming aware of any claim, action, proceeding, development or other information which may materially and adversely affect Borrower, the Collateral, the Resorts, the business, prospects, profits or condition (financial or otherwise) of Borrower, or the ability of Borrower to perform its Obligations under the Agreement, Borrower shall provide Agent with telephonic or telegraphic notice, followed by telefaxed and mailed written confirmation, specifying the nature of such development or information and such anticipated effect;

Material Adverse Developments. Immediately upon becoming aware of any claim, action, proceeding, development or other information which may materially and adversely affect Borrower, the any Collateral, the Resorts, the business, prospects, profits or condition (financial or otherwise) of Borrower, Borrower or the ability of Borrower to perform its Obligations obligations under the this Agreement, Borrower shall provide Agent with telephonic the Note or the other Security Documents, telephonic, telefax or telegraphic notice, followed by telefaxed and mailed written confirmation, notice specifying the nature of such development or information and such the anticipated effect;.

Material Adverse Developments. Immediately upon becoming aware of any claim, action, proceeding, development or other information which may materially and adversely affect the Borrower, the Collateral, the ResortsResort, the business, prospects, profits or condition (financial or otherwise) of Borrower, or the ability of the Borrower to perform its Obligations under the Agreement, Borrower shall provide Agent with telephonic or telegraphic notice, followed by telefaxed and mailed written confirmation, specifying the nature of such development or information and such anticipated effect;.

Material Adverse Developments. Immediately upon becoming aware of any claim, action, proceeding, development or other information which may materially and adversely affect Borrower, the Collateral, the Resorts, the business, prospects, profits or condition (financial or otherwise) of Borrower, or the ability of Borrower to perform its Obligations under the Agreement, Borrower shall provide Agent Lender with telephonic or telegraphic notice, followed by telefaxed and mailed written confirmation, specifying the nature of such development or information and such anticipated effect;; and

Material Adverse Developments. Immediately Promptly upon becoming aware of ----------------------------- any pending or threatened claim, action, proceeding, development litigation, development, or any other information which may that could materially and adversely affect Borrower, Guarantor, or all or any portion of the Collateral, the Resorts, the business, prospects, profits or condition (financial or otherwise) of Borrower, or including but not limited to the ability of Borrower to perform its Obligations under the Agreementhereunder, Borrower shall provide Agent Lender with telephonic or telegraphic noticenotice thereof, immediately followed by telefaxed telecopied and mailed written confirmation, specifying the nature of such development or information and such the anticipated effect;effect thereof.