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

Notice of Default; Litigation; ERISA Matters. Borrowers will give written notice to 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 either of them has knowledge, (ii) the filing of any actions, suits or proceedings against either Borrower in any court or before any governmental authority or tribunal of which it has knowledge which could cause a Material Adverse Change with respect to such Borrower, (iii) the occurrence of a reportable event under, or the institution of steps by either Borrower to withdraw from, or the institution of any steps to terminate, any employee benefit plan as to which such Borrower may have liability, or (iv) the occurrence of any other action, event or condition of any nature of which either Borrower has knowledge which may cause, or lead to, or result in, any Material Adverse Change.

Notice of Default; Litigation; ERISA Matters. Borrowers Borrower will give written notice to 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 either of them it has knowledge, (ii) the filing of any actions, suits or proceedings against either Borrower in any court or before any governmental authority or tribunal of which it has knowledge which could cause a Material Adverse Change with respect to such Borrower, (iii) the occurrence of a reportable event under, or the institution of steps by either Borrower to withdraw from, or the institution of any steps to terminate, any employee benefit plan as to which such Borrower may have liability, or (iv) the occurrence of any other action, event or condition of any nature of which either Borrower has knowledge which may cause, or lead to, or result in, any Material Adverse Change.

Notice of Default; Litigation; ERISA Matters. Borrowers Debtor will give written notice to 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 either of them it has knowledge, (ii) the filing of any actions, suits or proceedings against either Borrower Debtor in any court or before any governmental authority or tribunal of which it has knowledge which could cause a Material Adverse Change with respect to such BorrowerDebtor, (iii) the occurrence of a reportable event under, or the institution of steps by either Borrower Debtor to withdraw from, or the institution of any steps to terminate, any employee benefit plan as to which such Borrower Debtor may have liability, or (iv) the occurrence of any other action, event or condition of any nature of which either Borrower Debtor has knowledge which and in good faith believes may cause, or lead to, or result in, any Material Adverse ChangeChange to Debtor.

Notice of Default; Litigation; ERISA Matters. Borrowers Borrower will give written notice to 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 either of them it has knowledge or should have knowledge, (ii) the filing of any actions, suits or proceedings against either Borrower in any court or before any governmental authority or tribunal of which it has they have knowledge or should have knowledge which could cause a Material Adverse Change with respect to such Borrower, (iii) the occurrence of a reportable event under, or the institution of steps by either Borrower to withdraw from, or the institution of any steps to terminate, any employee benefit plan as to which such Borrower may have liability, or (iv) the occurrence of any other action, event or condition of any nature of which either Borrower has they have knowledge which may cause, or lead to, or result in, any Material Adverse ChangeChange to Borrower.

Notice of Default; Litigation; ERISA Matters. Borrowers The Debtor will give written notice to 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 either of them has they have knowledge or should have knowledge, (ii) the filing of any actions, suits or proceedings against either Borrower the Debtor in any court or before any governmental authority or tribunal of which it has they have knowledge or should have knowledge which could cause a Material Adverse Change with respect to such BorrowerChange, (iii) the occurrence of a reportable event under, or the institution of steps by either Borrower the Debtor to withdraw from, or the institution of any steps to terminate, any employee benefit plan as to which such Borrower the Debtor may have liability, or (iv) the occurrence of any other action, event or condition of any nature of which either Borrower has they have knowledge which may cause, or lead to, or result in, any Material Adverse Change.

Notice of Default; Litigation; ERISA Matters. Borrowers Debtor will give written notice to 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 either of them it has knowledge, (ii) the filing of any actions, suits or proceedings against either Borrower Debtor in any court or before any governmental authority or tribunal of which it has knowledge which could cause a Material Adverse Change with respect to such BorrowerDebtor, (iii) the occurrence of a reportable event under, or the institution of steps by either Borrower Debtor to withdraw from, or the institution of any steps to terminate, any employee benefit plan as to which such Borrower Debtor may have liability, or (iv) the occurrence of any other action, event or condition of any nature of which either Borrower Debtor has knowledge which and in good faith believes may cause, or lead to, or result in, any Material Adverse ChangeChange to Debtor.