Notice of Adverse Claim. The Servicer shall advise the Issuer promptly, in reasonable detail, (i) of any claim of ownership or Lien known to it made or asserted against any of the Receivable Assets, other than any ownership interest or Lien created under the Sale Agreement, the Purchase and Sale Agreement or the Titling Trust Collateral Agency Agreement, any Lien created under the Indenture or any Permitted Encumbrances (as defined under the Sale Agreement or the Purchase and Sale Agreement, as applicable), and (ii) of the occurrence of any event known to it which would have a Material Adverse Effect on the aggregate value of the Receivable.
Notice of Adverse Claim. The Servicer shall advise the Issuer promptly, in reasonable detail, (i) of any claim of ownership or Lien known to it made or asserted against any Loan, other than any ownership interest or Lien created under the Sale Agreement or the Purchase and Sale Agreement, any Lien created under the Indenture or any Permitted Encumbrances (as defined under the Sale Agreement or the Purchase and Sale Agreement, as applicable), and (ii) of the occurrence of any event known to it which would have a material adverse effect on the aggregate value of the Loans.
Notice of Adverse Claim. Each of the Borrower and the Servicer shall advise the Agent and the Collateral Agent promptly, in reasonable detail, (i) of any Adverse Claim known to it made or asserted against any of the Borrower Collateral, and (ii) of the occurrence of any event which would have a material adverse effect on the aggregate value of the Borrower Collateral or on the assignments and security interests granted by the Borrower in this Agreement.
Notice of Adverse Claim. Master Servicer shall advise Owner promptly, in reasonable detail, (i) of any Lien (other than a “Permitted Encumbrance” as such term is defined in the Indenture) known to it made or asserted against any Transferred Receivable, and (ii) of the occurrence of any event known to it which would have a material adverse effect on the aggregate value of the Transferred Receivables.
Notice of Adverse Claim. Except for the claims and interest of the Secured Party and of the Debtor in the Accounts, the Securities Intermediary does not know of any claim to, or interest in, the Accounts or in any "financial asset" (as defined in Section 8-102(a) of the UCC) credited thereto. If any person asserts any lien, encumbrance or adverse claim (including any writ, garnishment, judgment, warrant of attachment, execution or similar process) against any Account or in any financial asset carried therein, the Securities Intermediary will promptly notify the Secured Party and Debtor thereof.
Notice of Adverse Claim. Each of the Borrower and the Servicer ----------------------- shall advise the Deal Agent and the Collateral Agent promptly, in reasonable detail, (i) of any Adverse Claim known to it made or asserted against any of the Collateral, and (ii) of the occurrence of any event which would have a material adverse effect on the aggregate value of the Collateral or on the assignments and security interests granted by the Borrower in this Agreement.
Notice of Adverse Claim. Servicer shall advise Owner promptly, in reasonable detail, (i) of any Adverse Claim known to it made or asserted against any Transferred Receivable, and (ii) of the occurrence of any event known to it which would have a material adverse effect on the aggregate value of the Transferred Receivables.
Notice of Adverse Claim. Seller shall notify Buyer, the Issuer, and each Third Party Financier, promptly after becoming aware of any Adverse Claim on any Specified Asset.
Notice of Adverse Claim. Promptly (and in any event within one (1) Business Day) of the Borrower or a Senior Officer of the Servicer obtaining knowledge thereof, the Borrower and the Servicer shall advise the Agent promptly and in reasonable detail (i) of any Adverse Claim made or asserted against any of the Collateral, and (ii) of the occurrence of any event which would have a material adverse effect on the aggregate value of the Collateral or on the assignments and security interests granted by the Borrower in this Agreement.
Notice of Adverse Claim. Termination. If, at any time prior to Closing any Seller Affiliate has NOTICE OF an ADVERSE CLAIM against the Company's interest in the Accelr8 Stock, the Seller Affiliate shall immediately COMMUNICATE to Purchaser all relevant information concerning the ADVERSE CLAIM. If any party receives NOTICE OF an ADVERSE CLAIM against the Company's interest in the Accelr8 Stock prior to Closing, the Purchaser may, at its option and in its sole and absolute discretion, terminate its right and obligation to purchase the Stock by written notice to Seller, in which event, the Purchaser shall be entitled to the return of its Earnest Money Deposit, thix Xxxxxment shall be terminated and neither party shall have any continuing rights, obligations, or liabilities hereunder.
