Material Adverse Effect on Collateral. The Borrower shall furnish the Lender notice promptly upon Borrower becoming aware of any default related to any Collateral which should reasonably be expected to have a Material Adverse Effect.
Appears in 6 contracts
Samples: Loan and Security Agreement (Mr. Cooper Group Inc.), Loan and Security Agreement (Mr. Cooper Group Inc.), Loan and Security Agreement (Mr. Cooper Group Inc.)
Material Adverse Effect on Collateral. The As soon as possible, each Borrower shall furnish the inform Lender notice promptly in writing upon such Borrower becoming aware of any default related to any Collateral which should reasonably be expected to have a Material Adverse Effect.
Appears in 4 contracts
Samples: Loan and Security Agreement, Loan and Security Agreement (PennyMac Mortgage Investment Trust), Loan and Security Agreement (PennyMac Mortgage Investment Trust)
