Material Developments. Borrower’s representatives, professionals and their officers shall promptly advise Lender of any material adverse developments in the business or operations of Borrower or matters that could reasonably be expected to negatively impact Borrower’s Budget or otherwise constituting, with or without the passage of time, a Material Adverse Effect.
Appears in 3 contracts
Samples: Collateral Maintenance and Preservation Agreement (Nedak Ethanol, LLC), Seventh Supplement and Forbearance Agreement (Nedak Ethanol, LLC), Sixth Supplement and Forbearance Agreement (Nedak Ethanol, LLC)
Material Developments. Borrower’s representatives, professionals and their officers shall promptly advise Lead Lender of any material adverse developments in the business or operations of Borrower or matters that could reasonably be expected to negatively impact Borrower’s Budget budget or otherwise constituting, with or without the passage of time, a Material Adverse Effectmaterial adverse effect on Borrower.
Appears in 1 contract
Samples: Forbearance and Standstill Agreement (Nedak Ethanol, LLC)
