Common use of Notice of Adverse Changes Clause in Contracts

Notice of Adverse Changes. Borrower and Weeks Corporation shall, as ------------------------- soon as possible, and in any event within five (5) Domestic Business Days after they become aware of the occurrence of a material adverse change in their businesses, properties, operations, or conditions (financial or other), including notice of (a) any default occurring with respect to any of their obligations owed to any other creditor where the total liability of Borrower or Weeks Corporation with respect thereto is in excess of $500,000, (b) acceleration of any part or demand for payment in full of any of their respective outstanding obligations in an amount in excess of $500,000 earlier than the scheduled date, or (c) Borrower's or Weeks Corporation's receiving notice of intent by any person, firm, corporation or any other entity to whom Borrower or Weeks Corporation is indebted in an amount in excess of $500,000 to declare any debt due, or determine that any provision of any agreement between such party and Borrower or Weeks Corporation has been violated, furnish to Administrative Agent and Banks a statement setting forth details of such material adverse change and the action that it proposes to take with respect thereto.

Notice of Adverse Changes. Borrower Borrowers and Weeks Corporation shall, as ------------------------- soon as possible, and in any event within five (5) Domestic Business Days after they become aware of the occurrence of a material adverse change in their businesses, properties, operations, or conditions (financial or other), including notice of (a) any default occurring with respect to any of their obligations owed to any other creditor where the total liability of any Borrower or Weeks Corporation with respect thereto is in excess of $500,000, (b) acceleration of any part or demand for payment in full of any of their respective outstanding obligations in an amount in excess of $500,000 earlier than the scheduled date, or (c) Borrower's Borrowers' or Weeks Corporation's receiving notice of intent by any person, firm, corporation or any other entity to whom any Borrower or Weeks Corporation is indebted in an amount in excess of $500,000 to declare any debt due, or determine that any provision of any agreement between such party and such Borrower or Weeks Corporation has been violated, furnish to Administrative Agent Banks' Agent, Banks and Banks Swing Lender a statement setting forth details of such material adverse change and the action that it proposes to take with respect thereto.

Notice of Adverse Changes. Borrower and Weeks Corporation shall, ------------------------- as ------------------------- soon as possible, and in any event within five (5) Domestic Business Days after they become aware of the occurrence of a material adverse change in their businesses, properties, operations, or conditions (financial or other), including notice of (a) any default occurring with respect to any of their obligations owed to any other creditor where the total liability of Borrower or Weeks Corporation with respect thereto is in excess of $500,000, (b) acceleration of any part or demand for payment in full of any of their respective outstanding obligations in an amount in excess of $500,000 earlier than the scheduled date, or (c) Borrower's or Weeks Corporation's receiving notice of intent by any person, firm, corporation or any other entity to whom Borrower or Weeks Corporation is indebted in an amount in excess of $500,000 to declare any debt due, or determine that any provision of any agreement between such party and Borrower or Weeks Corporation has been violated, furnish to Administrative Agent and Banks a statement setting forth details of such material adverse change and the action that it proposes to take with respect thereto.