Common use of Notice of Default; Litigation; ERISA Matters Clause in Contracts

Notice of Default; Litigation; ERISA Matters. Promptly upon becoming aware of any of the following, written notice describing the same and the steps being taken by Borrower or the applicable Loan Party affected thereby with respect thereto: (a) the occurrence of an Event of Default or a Default; (b) any litigation, arbitration or governmental investigation or proceeding not previously disclosed by Borrower to the Lender which has been instituted or, to the knowledge of Borrower, is threatened against Borrower or any other Group Member, or to which any of the properties of any thereof is subject, which could reasonably be expected to have a Material Adverse Effect; (c) [Reserved]; (d) any cancellation or material change in coverage in any insurance maintained by Borrower or any other Group Member; or (e) any other event (including (i) any violation of any Environmental Law or the assertion of any Environmental Claim, (ii) the enactment or effectiveness of any law, rule or regulation, (iii) any violation or noncompliance with any law or (iv) any breach or non-performance of, or any default under, any contractual obligation of any Group Member) which could reasonably be expected to have a Material Adverse Effect.

Notice of Default; Litigation; ERISA Matters. Promptly upon becoming aware of any of the following, written notice describing the same and the steps being taken by the Borrower or the applicable Loan Party affected thereby with respect thereto: (a) the occurrence of an Event of Default or a Default; (b) any litigation, arbitration or governmental investigation or proceeding not previously disclosed by the Borrower to the Lender which has been instituted or, to the knowledge of the Borrower, is threatened against the Borrower or any other Group MemberLoan Party, or to which any of the properties of any thereof is subject, which could reasonably be expected to have a Material Adverse Effect; (c) [Reserved]; (d) any cancellation or material change in coverage in any insurance maintained by the Borrower or any other Group MemberLoan Party; or (ed) any other event (including (i) any violation of any Environmental Law or the assertion of any Environmental Claim, (ii) the enactment or effectiveness of any law, rule or regulation, (iii) any violation or noncompliance with any law or (iv) any breach or non-performance of, or any default under, any contractual obligation of any Group MemberLoan Party) which could reasonably be expected to have a Material Adverse Effect.

Notice of Default; Litigation; ERISA Matters. Promptly upon becoming aware of any of the following, written notice describing the same and the steps being taken by the Borrower or the applicable Loan Party affected thereby with respect thereto: (a) the occurrence of an Event of Default or a Default; (b) any litigation, arbitration or governmental investigation or proceeding not previously disclosed by the Borrower to the Lender which has been instituted or, to the knowledge of the Borrower, is threatened against the Holders, the Borrower or any other Group MemberLoan Party, or to which any of the properties of any thereof is subject, which could reasonably be expected to have a Material Adverse Effect; (c) [Reserved]; (d) any cancellation or material change in coverage in any insurance maintained by the Borrower or any other Group MemberLoan Party; or (ed) any other event (including (i) any violation of any Environmental Law or the assertion of any Environmental Claim, (ii) the enactment or effectiveness of any law, rule or regulation, (iii) any violation or noncompliance with any law or (iv) any breach or non-performance of, or any default under, any contractual obligation of the Holders or any Group MemberLoan Party) which could reasonably be expected to have a Material Adverse Effect.

Notice of Default; Litigation; ERISA Matters. Promptly upon becoming aware of any of the following, written notice describing the same and the steps being taken by the Borrower or the applicable Loan Party affected thereby with respect thereto: (a) the occurrence of an Event of Default or a Default; (b) any litigation, arbitration or governmental investigation or proceeding not previously disclosed by the Borrower to the Lender which has been instituted or, to the knowledge of the Borrower, is threatened in writing against Borrower any Loan Party or any other Group Member, or to which any of the properties of any thereof is subject, its Subsidiaries which could reasonably be expected to have a Material Adverse Effect; (c) [Reserved]any judgment, order or decree for the payment of money which has been rendered against any Loan Party or any of its Subsidiaries and which individually or in the aggregate with all such other judgments, orders or decrees totals $500,000 or more; (d) any cancellation or material change in coverage in any insurance maintained by the Borrower or any other Group MemberLoan Party; or (e) any other event (including (i) any violation of any Environmental Law or the assertion of any Environmental Claim, (ii) the enactment or effectiveness of any law, rule or regulation, (iii) any violation or noncompliance with any law Applicable Law or (iviii) any breach or non-performance nonperformance of, or any default under, any contractual obligation of any Group Member) Loan Party or any of its Subsidiaries), in all cases which could reasonably be expected to have a Material Adverse Effect.