Notice of Default or Litigation. Immediately upon learning of the occurrence of an Event of Default or Unmatured Event of Default, or the institution of or any adverse determination in any litigation, arbitration proceeding or governmental proceeding which is material to the Company or the occurrence of any event which could have a Materially Adverse Effect, written notice thereof describing the same and the steps being taken with respect thereto.
Appears in 6 contracts
Samples: Credit Agreement (Obsidian Enterprises Inc), Credit Agreement (Obsidian Enterprises Inc), Credit Agreement (Obsidian Enterprises Inc)
Notice of Default or Litigation. Immediately upon learning of the occurrence of an Event of Default or Unmatured Event of Default, or the institution of or any adverse determination in any litigation, arbitration proceeding or governmental proceeding which is material to the Company or any of its Subsidiaries, or the occurrence of any event which could have a Materially Adverse Effectmaterial adverse effect upon the Company or any of its Subsidiaries, written notice thereof describing the same and the steps being taken with respect thereto.
Appears in 6 contracts
Samples: Credit Agreement (Valley National Gases Inc), Credit Agreement (Valley National Gases Inc), Credit Agreement (Valley National Gases Inc)
Notice of Default or Litigation. Immediately upon learning of the occurrence of an Event of Default or Unmatured Event of Default, or the institution of or any adverse determination in any litigation, arbitration proceeding or governmental proceeding which is material to the Company Company, or the occurrence of any event which could have a Materially Adverse Effectmaterial adverse effect upon the Company, written notice thereof describing the same and the steps being taken with respect thereto.
Appears in 5 contracts
Samples: Credit Agreement (Valley National Gases Inc), Credit Agreement (Dmi Furniture Inc), Credit Agreement (Landec Corp \Ca\)
Notice of Default or Litigation. Immediately upon learning of the occurrence of an Event of Default or Unmatured Event of Default, or the institution of or any adverse determination in any litigation, arbitration proceeding or governmental proceeding which is material to the Company or Mobley, or the occurrence of any event which could xxxxx have a Materially Adverse Effectmaterial adverse effect upon the Company or Mobley, or a change in Control of the Company, written notice thereof describing the same and the steps being taken with respect thereto.
Appears in 1 contract
Samples: Credit Agreement (Noble Romans Inc)
Notice of Default or Litigation. Immediately upon learning of the occurrence of an Event of Default or Unmatured Event of Default, or the institution of or any adverse determination in any litigation, arbitration proceeding or governmental proceeding which is material to the Company or to any Guarantor, or the occurrence of any event which could have a Materially Adverse Effectmaterial adverse effect upon the Company or any Guarantor, written notice thereof describing the same and the steps being taken with respect thereto.
Appears in 1 contract
Samples: Credit Agreement (Steak & Shake Co)
Notice of Default or Litigation. Immediately upon learning of the occurrence of an Event of Default or Unmatured Event of Default, or the institution of or any adverse determination in any litigation, arbitration proceeding or governmental proceeding which is material to the Company or to any Affiliated Company, or the occurrence of any event which could have a Materially Adverse Effectmaterial adverse effect upon the Company or upon any Affiliated Company, written notice thereof describing the same and the steps being taken with respect thereto.
Appears in 1 contract
