Common use of Matters notifiable Clause in Contracts

Matters notifiable. Each Bank shall promptly give notice to the Agent of: (a) the institution by that Bank of a legal action or proceedings against an Obligor under this Agreement or under any of the other Finance Documents or in connection therewith as soon as practicable thereafter (and, in any event, within six Banking Days); and (b) the receipt or recovery by that Bank of any amount due and payable by an Obligor under this Agreement or under any of the other 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 Bank Lender shall promptly give notice to the Agent of: (a) 20.5.1 the institution by that Bank Lender of a legal action or proceedings against an Obligor 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 six 5 Banking Days); and (b) 20.5.2 the receipt or recovery by that Bank Lender of any amount due and payable by an Obligor 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 Bank Lender shall promptly give notice to the Agent of: (a) 23.5.1 the institution by that Bank Lender of a legal action or proceedings against an Obligor the Borrowers under this Agreement or under any of the other Finance Documents or in connection therewith as soon as practicable thereafter (and, in any event, within six 5 Banking Days); and (b) 23.5.2 the receipt or recovery by that Bank Lender of any amount due and payable by an Obligor the Borrowers under this Agreement or under any of the other 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.