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

Notice of Default, Litigation and Material Adverse Effect. Promptly after any Responsible Officer of Holdings obtains knowledge thereof, notice of (i) the occurrence of any event which constitutes a Default or an Event of Default or any default or event of default under Refinancing Notes, Permitted Pari Passu Loans, Permitted Pari Passu Notes, Permitted Junior Debt or other Indebtedness constituting debt for borrowed money, with a principal amount in excess of the Threshold Amount, (ii) any litigation, or governmental investigation or proceeding pending against Holdings or any of the Restricted Subsidiaries (x) which, either individually or in the aggregate, has had, or would reasonably be expected to have, a Material Adverse Effect or (y) with respect to any Credit Document or (iii) any other event, change or circumstance that has had, or would reasonably be expected to have, a Material Adverse Effect.

Notice of Default, Litigation and Material Adverse Effect. Promptly after any Responsible Officer officer of Holdings or any of its Subsidiaries obtains knowledge thereof, notice of (i) the occurrence of any event which constitutes a Default or an Event of Default or any default or event of default under Refinancing Notesthe ABL Credit Agreement, the Second Lien Credit Agreement or any refinancing thereof, any Permitted Pari Passu Loans, Permitted Pari Passu Notes, Notes Documents or any Permitted Junior Debt or other Indebtedness constituting debt for borrowed money, with a principal amount instrument in excess of the Threshold Amount, (ii) any litigation, or governmental investigation or proceeding pending against Holdings or any of the Restricted its Subsidiaries (x) which, either individually or in the aggregate, has had, or would reasonably be expected to have, a Material Adverse Effect or (y) with respect to any Credit Document Document, or (iii) any other event, change or circumstance that has had, or would reasonably be expected to have, a Material Adverse Effect.

Notice of Default, Litigation and Material Adverse Effect. Promptly after any Responsible Officer officer of Holdings or any of its Subsidiaries obtains knowledge thereof, notice of (i) the occurrence of any event which constitutes a Default or an Event of Default or any default or event of default under Refinancing Notesthe ABL Credit Agreement, the First Lien Credit Agreement or any refinancing thereof, any Permitted Pari Passu Loans, Permitted Pari Passu Notes, Senior Secured Notes Documents or any Permitted Junior Debt or other Indebtedness constituting debt for borrowed money, with a principal amount instrument in excess of the Threshold Amount, (ii) any litigation, or governmental investigation or proceeding pending against Holdings or any of the Restricted its Subsidiaries (x) which, either individually or in the aggregate, has had, or would reasonably be expected to have, a Material Adverse Effect or (y) with respect to any Credit Document Document, or (iii) any other event, change or circumstance that has had, or would reasonably be expected to have, a Material Adverse Effect.

Notice of Default, Litigation and Material Adverse Effect. Promptly after any Responsible Officer officer of Holdings or any of its Subsidiaries obtains knowledge thereof, notice of (i) the occurrence of any event which constitutes a Default or an Event of Default or any default or event of default under Refinancing Notesthe First Lien Credit Agreement, the Second Lien Credit Agreement or any refinancing thereof, any Permitted Pari Passu Loans, Permitted Pari Passu Notes, First Lien Notes Documents or any Permitted Junior Debt or other Indebtedness constituting debt for borrowed money, with a principal amount instrument in excess of the Threshold Amount, (ii) any litigation, or governmental investigation or proceeding pending against Holdings or any of the Restricted its Subsidiaries (x) which, either individually or in the aggregate, has had, or would reasonably be expected to have, a Material Adverse Effect or (y) with respect to any Credit Document Document, or (iii) any other event, change or circumstance that has had, or would reasonably be expected to have, a Material Adverse Effect.

Notice of Default, Litigation and Material Adverse Effect. Promptly after any Responsible Officer officer of Holdings Holdingsthe Lead Borrower or any of its Subsidiaries obtains knowledge thereof, notice of (i) the occurrence of any event which constitutes a Default or an Event of Default or any default or event of default under Refinancing Notesthe First Lien Credit Agreement, the Second Lien Credit Agreement or any refinancing thereof, any Permitted Pari Passu Loans, Permitted Pari Passu Notes, First Lien Notes Documents or any Permitted Junior Debt or other Indebtedness constituting debt for borrowed money, with a principal amount instrument in excess of the Threshold Amount, (ii) any litigation, or governmental investigation or proceeding pending against Holdings Holdingsthe Lead Borrower or any of the Restricted its Subsidiaries (x) which, either individually or in the aggregate, has had, or would reasonably be expected to have, a Material Adverse Effect or (y) with respect to any Credit Document Document, or (iii) any other event, change or circumstance that has had, or would reasonably be expected to have, a Material Adverse Effect.