Material Contract Notices Clause Samples
The Material Contract Notices clause establishes the requirement for parties to formally notify each other about significant events or changes related to key contracts. Typically, this clause specifies the types of contracts considered 'material'—such as major supplier agreements or customer contracts—and outlines the procedures and timelines for delivering such notices, often requiring written communication within a set period. Its core function is to ensure transparency and timely communication between parties, allowing them to address potential risks or changes that could impact the business relationship.
Material Contract Notices. Promptly upon receipt thereof, copies of all default notices received by any Loan Party or any of its Subsidiaries under or pursuant to any Material Contract and, from time to time upon request by the Administrative Agent, such information regarding any Material Contracts as the Administrative Agent may reasonably request.
Material Contract Notices. Promptly following receipt, copies of any material notices (including notices of default) received in connection with any Material Contract.
Material Contract Notices. Promptly upon receipt thereof, copies of all notices, requests and other documents received by the Borrower or any of its Subsidiaries under or pursuant to any Material Contract or instrument, indenture, loan or credit or similar agreement regarding or related to any breach or default by any party thereto or any other event that could materially impair the value of the interests or the rights of any Borrower Group Member or otherwise have a Material Adverse Effect and copies of any amendment, modification or waiver of any provision of any Material Contract or instrument, indenture, loan or credit or similar agreement and, from time to time upon request by any Bank Lender Party, such information and reports regarding the Material Contracts and such instruments, indentures and loan and credit and similar agreements as such Bank Lender Party may reasonably request; provided that the Borrower may satisfy its obligations under this clause (f) by delivering the relevant documents to counsel to the Representative Agents to be made available for inspection by the Bank Lender Parties.