Common use of Notice of Changes in Fact Clause in Contracts

Notice of Changes in Fact. Promptly after the Borrower becomes aware of the same, the Borrower will notify the Issuer, the Trustee, the Significant Bondholder and each Owner requesting the same at the address supplied to the Trustee by such Owner or its authorized representative of (a) any change in any material fact or circumstance represented or warranted by the Borrower in this Agreement or in connection with the issuance of the Bonds, and (b) any Event of Default or event which, with the giving of notice or lapse of time or both, could become an Event of Default under this Agreement or the Indenture, specifying in each case the nature thereof and what action the Borrower has taken, is taking, and/or proposes to take with respect thereto.

Notice of Changes in Fact. Promptly after the Borrower becomes aware of the same, the Borrower will notify the Issuer, the Trustee, the Significant Bondholder and each Owner requesting the same at the address supplied to the Trustee by such Owner or its authorized representative of (a) any change in any material fact or circumstance represented or warranted by the Borrower in this Agreement or in connection with the issuance of the Bonds, and (b) any Event of Default or event which, with the giving of notice or lapse of time or both, could become an Event of Default under this Agreement or the Indenture, specifying in each case the nature thereof and what action the Borrower has taken, is taking, and/or proposes to take with respect thereto.case