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

Notice of Default; Litigation; ERISA Matters. The Borrower will give written notice to the Bank as soon as reasonably possible and in no event more than five (5) Business Days of (i) the occurrence of any Default or Event of Default hereunder of which it has knowledge or should have knowledge, (ii) the filing of any actions, suits or proceedings against the Borrower in any court or before any governmental authority or tribunal of which they have knowledge or should have knowledge which could cause a Material Adverse Change with respect to the Borrower and/or the Guarantor, (iii) the occurrence of a reportable event under, or the institution of steps by the Borrower to withdraw from, or the institution of any steps to terminate, any employee benefit plan as to which the Borrower may have liability, or (iv) the occurrence of any other action, event or condition of any nature of which they have knowledge which may cause, or lead to, or result in, any Material Adverse Change to the Borrower and/or the Guarantor.

Notice of Default; Litigation; ERISA Matters. The Borrower will give written notice to the Bank Lender as soon as reasonably possible and in no event more than five (5) Business Days of (i) the occurrence of any Default or Event of Default hereunder of which it has knowledge or should have knowledge, (ii) the filing of any actions, suits or proceedings against the Borrower in any court or before any governmental authority or tribunal of which they have knowledge or should have knowledge it has knowledge, which could reasonably be expected to cause a Material Adverse Change Effect with respect to the Borrower and/or the GuarantorBorrower, (iii) the occurrence of a reportable event under, or the institution of steps by the Borrower to withdraw from, or the institution of any steps to terminate, any employee benefit plan as to which the Borrower may have liability, or (iv) the occurrence of any other action, event or condition of any nature of which they have it has knowledge which may could reasonably be expected to cause, or lead to, or result in, any Material Adverse Change Effect to the Borrower and/or the GuarantorBorrower.

Notice of Default; Litigation; ERISA Matters. The Borrower will give written notice to the Bank Lender as soon as reasonably possible with respect to and in no event more than five (5) Business Days of following (ia) the occurrence of any Default or Event of Default hereunder of which it has knowledge or should have knowledge, ; (iib) the filing of any actions, suits or proceedings against the Borrower in any court or before any governmental authority Governmental Authority or tribunal of which they have knowledge or should have knowledge it has knowledge, which could reasonably be expected to cause a Material Adverse Change Effect with respect to the Borrower and/or the Guarantor, Borrower; (iiic) the occurrence of a reportable event under, or the institution of steps by the Borrower to withdraw from, or the institution of any steps to terminate, any employee benefit plan as to which the Borrower may have liability, ; or (ivd) the occurrence of any other action, event or condition of any nature of which they have it has knowledge which may could reasonably be expected to cause, or lead to, or result in, any Material Adverse Change Effect to Borrower or the Borrower and/or the GuarantorMortgaged Properties.

Notice of Default; Litigation; ERISA Matters. The Borrower will give written notice to the Bank Administrative Agent as soon as reasonably possible and in no event more than five (5) Business Days of (i) the occurrence of any Default or Event of Default hereunder of which it has knowledge or should have knowledge, (ii) the filing of any actions, suits or proceedings against the Borrower in any court or before any governmental authority or tribunal of which they have knowledge or should have knowledge knowledge, which could cause a Material Adverse Change with respect to the Borrower and/or the Guarantor, (iii) the occurrence of a reportable event under, or the institution of steps by the Borrower to withdraw from, or the institution of any steps to terminate, any employee benefit plan as to which the Borrower may have liability, or (iv) the occurrence of any other action, event or condition of any nature of which they have knowledge which may cause, or lead to, or result in, any Material Adverse Change to the Borrower and/or the Guarantor.

Notice of Default; Litigation; ERISA Matters. The Borrower Debtor will give written notice to the Bank as soon as reasonably possible and in no event more than five (5) Business Days of (i) the occurrence of any Default or Event of Default hereunder of which it has knowledge or should have knowledge, (ii) the filing of any actions, suits or proceedings against any of the Borrower Debtor, Guarantors or other parties to the Collateral Documents in any court or before any governmental authority or tribunal of which they have knowledge or should have knowledge which could cause a Material Adverse Change with respect to the Borrower and/or the Guarantorany of such Person, (iii) the occurrence of a reportable event under, or the institution of steps by the Borrower either Debtor or Corporate Guarantor to withdraw from, or the institution of any steps to terminate, any employee benefit plan as to which the Borrower Debtor or Corporate Guarantor may have liability, or (iv) the occurrence of any other action, event or condition of any nature of which they have knowledge which may cause, or lead to, or result in, any Material Adverse Change to the Borrower and/or the GuarantorChange.

Notice of Default; Litigation; ERISA Matters. The Borrower will give written notice to the Bank as soon as reasonably possible and in no event more than five (5) Business Days of (i) the occurrence of any Default or Event of Default hereunder of which it has knowledge or should have knowledge, (ii) the filing of any actions, suits or proceedings against the Borrower in any court or before any governmental authority or tribunal of which they have knowledge or should have knowledge knowledge, which could cause a Material Adverse Change with respect to the Borrower and/or the Guarantor, (iii) the occurrence of a reportable event under, or the institution of steps by the Borrower to withdraw from, or the institution of any steps to terminate, any employee benefit plan as to which the Borrower may have liability, or (iv) the occurrence of any other action, event or condition of any nature of which they have knowledge which may cause, or lead to, or result in, any Material Adverse Change to the Borrower and/or the Guarantor.

Notice of Default; Litigation; ERISA Matters. The Borrower will give written notice to the Bank Agent as soon as reasonably possible and in no event more than five (5) Business Days of (i) the occurrence of any Default or Event of Default hereunder of which it has knowledge or should have knowledge, (ii) the filing of any actions, suits or proceedings against the Borrower in any court or before any governmental authority or tribunal of which they have knowledge or should have knowledge it has knowledge, which could reasonably be expected to cause a Material Adverse Change Effect with respect to the Borrower and/or the GuarantorBorrower, (iii) the occurrence of a reportable event under, or the institution of steps by the Borrower to withdraw from, or the institution of any steps to terminate, any employee benefit plan as to which the Borrower may have liability, or (iv) the occurrence of any other action, event or condition of any nature of which they have it has knowledge which may could reasonably be expected to cause, or lead to, or result in, any Material Adverse Change Effect to the Borrower and/or the GuarantorBorrower.

Notice of Default; Litigation; ERISA Matters. The Borrower will give written notice to the Bank as soon as reasonably possible and in no event more than five (5) Business Days of (i) the occurrence of any Default or Event of Default hereunder of which it has knowledge or should have knowledge, (ii) the filing of any actions, suits or proceedings against the Borrower and/or Guarantor in any court or before any governmental authority or tribunal of which they have knowledge or should have knowledge which could cause a Material Adverse Change with respect to the Borrower and/or the GuarantorGuarantor taken as a whole, (iii) the occurrence of a reportable event under, or the institution of steps by the Borrower or Guarantor to withdraw from, or the institution of any steps to terminate, any employee benefit plan as to which the Borrower or Guarantor may have liability, or (iv) the occurrence of any other action, event or condition of any nature of which they have knowledge which may cause, or lead to, or result in, any Material Adverse Change to the Borrower and/or and the GuarantorGuarantor taken as a whole.