Notice of Default and Litigation. Promptly upon learning of the occurrence of any of the following, written notice thereof, describing the same and the steps being taken by such Borrower with respect thereto: (a) the occurrence of a Default; (b) the institution of any Material Litigation or the occurrence of any Material Litigation Development as to such Borrower; (c) the commencement of any dispute which might reasonably be expected to lead to the material modification, transfer, revocation, suspension or termination of any Loan Document; or (d) any Material Adverse Change as to such Borrower;
Appears in 6 contracts
Samples: Credit Agreement (Hilbert Stephen C), Credit Agreement (Hilbert Stephen C), Guaranty (Conseco Inc)
Notice of Default and Litigation. Promptly upon learning of the occurrence of any of the following, written notice thereof, describing the same and the steps being taken by such the Borrower with respect thereto:
(a) the occurrence of a Default;
(b) the institution of any Material Litigation or the occurrence of any Material Litigation Development as to such BorrowerDevelopment;
(c) the commencement of any dispute which might reasonably be expected to lead to the material modification, transfer, revocation, suspension or termination of any Loan Document; or
(d) any Material Adverse Change as to such BorrowerChange;
Appears in 3 contracts
Samples: Credit Agreement (Conseco Inc), Credit Agreement (Conseco Inc Et Al), Credit Agreement (Conseco Inc Et Al)