Common use of Notice of Default; Litigation Clause in Contracts

Notice of Default; Litigation. Promptly after a Financial Officer of the Borrower obtains actual knowledge thereof, notice of (f) the occurrence of any event that constitutes a Default or Event of Default, which notice shall specify the nature thereof, the period of existence thereof and what action the Borrower proposes to take with respect thereto and (g) any litigation or governmental proceeding pending against the Borrower or any Subsidiary for which it would reasonably be expected that an adverse determination is probable, and that such determination would result in a Material Adverse Effect.

Notice of Default; Litigation. Promptly after a Financial an Authorized Officer of the Borrower obtains actual knowledge thereof, notice of (fi) the occurrence of any event that constitutes a Default or Event of Default, which notice shall specify the nature thereof, the period of existence thereof and what action the Borrower proposes to take with respect thereto and (gii) any litigation or governmental proceeding pending against the Borrower or any Subsidiary for which it of the Restricted Subsidiaries that would reasonably be expected that an adverse determination is probableto be determined adversely and, and that such determination would if so determined, to result in a Material Adverse Effect.

Notice of Default; Litigation. Promptly after a Financial an Authorized Officer of the Borrower obtains actual knowledge thereof, notice of (fi) the occurrence of any event that constitutes a Default or Event of Default, which notice shall specify the nature thereof, the period of existence thereof and what action the Borrower proposes to take with respect thereto and (gii) any litigation or governmental proceeding Proceeding pending against the Borrower or any Subsidiary of the Subsidiaries for which it would reasonably be expected that an adverse determination is probable, and that such determination would result in a Material Adverse Effect.

Notice of Default; Litigation. Promptly after a Financial an Authorized Officer of the Borrower obtains actual knowledge thereof, notice of (fi) the occurrence of any event that constitutes a Default or Event of Default, which notice shall specify the nature thereof, the period of existence thereof and what action the Borrower proposes to take with respect thereto and (gii) any litigation or governmental proceeding pending against the Borrower or any Subsidiary for which it would reasonably be expected that an adverse determination is probable, and that such determination would result in a Material Adverse Effect.