Common use of Notice of Default and Material Adverse Effect Clause in Contracts

Notice of Default and Material Adverse Effect. Promptly upon any officer of the Borrower or any Restricted Subsidiary obtaining knowledge of any event or condition set forth below, a certificate of an Authorized Officer of the Borrower setting forth the details of such event or condition and any action the Borrower or any Restricted Subsidiary has taken, is taking or proposes to take with respect thereto: (i) the occurrence of any Default or Event of Default; or (ii) any event or condition that has had, or would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect;

Appears in 4 contracts

Samples: First Lien Credit and Guaranty Agreement (Fusion Connect, Inc.), Second Lien Credit and Guaranty Agreement (Fusion Connect, Inc.), First Lien Credit and Guaranty Agreement (Fusion Connect, Inc.)

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Notice of Default and Material Adverse Effect. Promptly upon any officer Authorized Officer of the Borrower or any Restricted Guarantor Subsidiary obtaining knowledge of any event or condition set forth below, a certificate of an Authorized Officer of the Borrower setting forth the details of such event or condition and any action the Borrower or any Restricted Subsidiary has taken, is taking or proposes to take with respect thereto: (i) the occurrence of any Default or Event of Default; or (ii) any event or condition that has had, or would could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect;

Appears in 4 contracts

Samples: Credit and Guaranty Agreement (Entegris Inc), Credit and Guaranty Agreement (Entegris Inc), Credit and Guaranty Agreement (Entegris Inc)

Notice of Default and Material Adverse Effect. Promptly upon any officer of the Borrower or any Restricted Subsidiary obtaining knowledge of any event or condition set forth below, a certificate of an Authorized Officer of the Borrower setting forth the details of such event or condition and any action the Borrower or any Restricted Subsidiary has taken, is taking or proposes to take with respect thereto: (i) the occurrence of any Default or Event of Default; or (ii) any event or condition that has had, or would could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect;

Appears in 3 contracts

Samples: Superpriority Secured Debtor in Possession Credit and Guaranty Agreement (GWG Holdings, Inc.), Superpriority Secured Debtor in Possession Credit and Guaranty Agreement (GWG Holdings, Inc.), Superpriority Secured Debtor in Possession Credit and Guaranty Agreement (GWG Holdings, Inc.)

Notice of Default and Material Adverse Effect. Promptly upon any officer Authorized Officer of Holdings or the Borrower or any Restricted Subsidiary obtaining knowledge of any event or condition set forth below, a certificate of an Authorized Officer of the Borrower setting forth the details of such event or condition and any action Holdings, the Borrower or any Restricted Subsidiary has taken, is taking or proposes to take with respect thereto: (i) the occurrence of any Default or Event of Default; or (ii) any event or condition that has had, or would could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect;

Appears in 1 contract

Samples: Term Credit and Guaranty Agreement (QualTek Services Inc.)

Notice of Default and Material Adverse Effect. Promptly upon any officer Authorized Officer of the Borrower or any Restricted Guarantor Subsidiary obtaining knowledge of any event or condition set forth below, a certificate of an Authorized Officer of the Borrower setting forth the details of such event or condition and any action the Borrower or any Restricted Subsidiary has taken, is taking or proposes to take with respect thereto: (i) the occurrence of any Default or Event of Default; or (ii) any event or condition that has had, or would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect;

Appears in 1 contract

Samples: 364 Day Bridge Credit and Guaranty Agreement (Entegris Inc)

Notice of Default and Material Adverse Effect. Promptly upon any officer of the Borrower or any Restricted Subsidiary obtaining knowledge of any event or condition set forth below, a certificate of an Authorized Officer of the Borrower setting forth the details of such event or condition and any action the Borrower or any Restricted Subsidiary has taken, is taking or proposes to take with respect thereto: (i) the occurrence of any Default or Event of Default; orand (ii) any event or condition that has had, or would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect;

Appears in 1 contract

Samples: Super Senior Secured Credit Agreement (Fusion Connect, Inc.)

Notice of Default and Material Adverse Effect. Promptly upon any officer Authorized Officer of the Borrower or any Restricted Subsidiary obtaining knowledge of any event or condition set forth below, a certificate of an Authorized Officer of the Borrower setting forth the details of such event or condition and any action the Borrower or any Restricted Subsidiary has taken, is taking or proposes to take with respect thereto: (i) the occurrence of any Default or Event of Default; or (ii) any event or condition that has had, or would could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect;

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Tivity Health, Inc.)

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Notice of Default and Material Adverse Effect. Promptly upon any officer Authorized Officer of Holdings or the Borrower or any Restricted Subsidiary obtaining knowledge of any event or condition set forth below, a certificate of an Authorized Officer of the Borrower setting forth the details of such event or condition and any action Holdings, the Borrower or any other Restricted Subsidiary has taken, is taking or proposes to take with respect thereto: (i) : the occurrence of any Default or Event of Default; or (ii) or any event or condition that has had, or would could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect;

Appears in 1 contract

Samples: Term Credit and Guaranty Agreement (PetIQ, Inc.)

Notice of Default and Material Adverse Effect. Promptly upon any officer Authorized Officer of Holdings or the Borrower or any Restricted Subsidiary obtaining knowledge of any event or condition set forth below, a certificate of an Authorized Officer of the Borrower setting forth the details of such event or condition and any action Holdings, the Borrower or any other Restricted Subsidiary has taken, is taking or proposes to take with respect thereto: (i) the occurrence of any Default or Event of Default; or (ii) any event or condition that has had, or would could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect;

Appears in 1 contract

Samples: Term Credit and Guaranty Agreement (PetIQ, Inc.)

Notice of Default and Material Adverse Effect. Promptly upon any officer Authorized Officer of Holdings or the Borrower or any Restricted Subsidiary obtaining knowledge of any event or condition set forth below, a certificate of an Authorized Officer of the Borrower setting forth the details of such event or condition and any action Holdings, the Borrower or any Restricted Subsidiary has taken, is taking or proposes to take with respect thereto: (i) the occurrence of any Default or Event of Default; or (ii) any event or condition that has had, or would could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect;; ​

Appears in 1 contract

Samples: Term Credit and Guaranty Agreement (QualTek Services Inc.)

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