Material Default. Promptly upon the occurrence thereof, each Borrower will give written notice to Lender of any material default under, or any proposed or threatened termination or cancellation of, any material Contractual Obligation or other material contract or agreement to which such Borrower is a party, or a material change in the relationship between such Borrower and any of its customers.
Appears in 4 contracts
Samples: Loan and Security Agreement, Loan and Security Agreement, Loan and Security Agreement (Orthopediatrics Corp)
