Common use of Matters notifiable Clause in Contracts

Matters notifiable. Each Lender shall promptly give notice to the Agent of: 20.5.1 the institution by that Lender of a legal action or proceedings against the Borrower under this Agreement or under any of the other relevant Finance Documents or in connection therewith as soon as practicable thereafter (and, in any event, within 5 Banking Days); and 20.5.2 the receipt or recovery by that Lender of any amount due and payable by the Borrower under this Agreement or under any of the other relevant Finance Documents which is received or recovered otherwise than through the Agent. Upon receipt of any such notice the Agent will as soon as practicable thereafter notify the other Banks.

Matters notifiable. Each Lender Bank shall promptly give notice to the Agent of: 20.5.1 (a) the institution by that Lender Bank of a legal action or proceedings against the Borrower an Obligor under this Agreement or under any of the other relevant Finance Documents or in connection therewith as soon as practicable thereafter (and, in any event, within 5 six Banking Days); and 20.5.2 (b) the receipt or recovery by that Lender Bank of any amount due and payable by the Borrower an Obligor under this Agreement or under any of the other relevant Finance Documents which is received or recovered otherwise than through the Agent. Upon receipt of any such notice the Agent will as soon as practicable thereafter notify the other Banks.

Matters notifiable. Each Lender shall promptly give notice to the Agent of: 20.5.1 23.5.1 the institution by that Lender of a legal action or proceedings against the Borrower Borrowers under this Agreement or under any of the other relevant Finance Documents or in connection therewith as soon as practicable thereafter (and, in any event, within 5 Banking Days); and 20.5.2 23.5.2 the receipt or recovery by that Lender of any amount due and payable by the Borrower Borrowers under this Agreement or under any of the other relevant Finance Documents which is received or recovered otherwise than through the Agent. Upon receipt of any such notice the Agent will as soon as practicable thereafter notify the other Banks.