Common use of Notice of Default or Litigation Clause in Contracts

Notice of Default or Litigation. Promptly, and in any event within three Business Days after an executive officer of any Credit Agreement Party or any of its Subsidiaries obtains actual knowledge thereof, notice of (i) the occurrence of any event which constitutes a Default or an Event of Default, which notice shall specify the nature and period of existence thereof and what action the respective Credit Agreement Party proposes to take with respect thereto, (ii) any litigation or proceeding pending or threatened (x) against Holdings or any of its Subsidiaries which has had, or could reasonably be expected to have, a Material Adverse Effect, (y) with respect to any material Indebtedness of Holdings or any of its Subsidiaries or (z) with respect to any Document (other than such Documents referred to in clause (vi) of the definition thereof), (iii) any governmental investigation pending or threatened against Holdings or any of its Subsidiaries and (iv) any other event which has had, or could reasonably be expected to have, a Material Adverse Effect.

Notice of Default or Litigation. Promptly, and in any event within three Business Days after an executive officer of any Credit Agreement Party Holdings or any of its Subsidiaries obtains actual knowledge thereof, notice of (i) the occurrence of any event which that constitutes a Default or an Event of Default, which notice shall specify the nature and period of existence thereof and what action the respective Credit Agreement Party each of Holdings and each Borrower proposes to take with respect thereto, (ii) any litigation or proceeding pending or threatened (xA) against Holdings or any of its Subsidiaries which has had, or that could reasonably be expected to have, have a Material Adverse Effect, (yB) with respect to any material Indebtedness of Holdings or any of its Subsidiaries or (zC) with respect to any Document (other than such Documents referred to in clause (vif) or (g) of the definition thereof), (iii) any governmental investigation pending or threatened against Holdings or any of its Subsidiaries that could reasonably be expected to have a Material Adverse Effect and (iv) any other event which has had, or that could reasonably be expected to have, have a Material Adverse Effect.

Notice of Default or Litigation. Promptly, and in any event within three Business Days after an executive officer of any Credit Agreement Party the US Borrower or any of its Subsidiaries obtains actual knowledge thereof, notice of (i) the occurrence of any event which that constitutes a Default or an Event of Default, which notice shall specify the nature and period of existence thereof and what action the respective Credit Agreement Party each Borrower proposes to take with respect thereto, (ii) any litigation or proceeding pending or threatened (xA) against Holdings the US Borrower or any of its Subsidiaries which has had, or that could reasonably be expected to have, have a Material Adverse Effect, (yB) with respect to any material Indebtedness of Holdings the US Borrower or any of its Subsidiaries or (zC) with respect to any Document (other than such Documents referred to in clause (vid) or (e) of the definition thereof), (iii) any governmental investigation pending or threatened against Holdings the US Borrower or any of its Subsidiaries that could reasonably be expected to have a Material Adverse Effect and (iv) any other event which has had, or that could reasonably be expected to have, have a Material Adverse Effect.

Notice of Default or Litigation. Promptly, and in any event within three Business Days after an executive officer of any Credit Agreement Party the Borrower or any of its Subsidiaries obtains actual knowledge thereof, notice of (i) the occurrence of any event which constitutes a Default or an Event of Default, which notice shall specify the nature and period of existence thereof and what action the respective Credit Agreement Party Borrower proposes to take with respect thereto, (ii) any litigation or proceeding pending or threatened (x) against Holdings the Borrower or any of its Subsidiaries which has had, or could reasonably be expected to have, have a Material Adverse Effect, (y) with respect to any material Indebtedness of Holdings the Borrower or any of its Subsidiaries or (z) with respect to any Document (other than such Documents referred to in clause (viv) of the definition thereof), (iii) any governmental investigation pending or threatened against Holdings the Borrower or any of its Subsidiaries and (iv) any other event which has had, or could reasonably be expected to have, have a Material Adverse Effect.

Notice of Default or Litigation. Promptly, and in any event ------------------------------- within three Business Days after an executive officer of any Credit Agreement Party the Borrower or any of its Subsidiaries obtains actual knowledge thereof, notice of (i) the occurrence of any event which constitutes a Default or an Event of Default, which notice shall specify the nature and period of existence thereof and what action the respective Credit Agreement Party Borrower proposes to take with respect thereto, (ii) any litigation or proceeding pending or threatened (x) against Holdings the Borrower or any of its Subsidiaries which has had, or could reasonably be expected to have, have a Material Adverse Effect, (y) with respect to any material Indebtedness of Holdings the Borrower or any of its Subsidiaries or (z) with respect to any Document (other than such Documents referred to in clause (viviii) of the definition thereof), (iii) any governmental investigation pending or threatened against Holdings the Borrower or any of its Subsidiaries and (iv) any other event which has had, or could reasonably be expected to have, have a Material Adverse Effect.

Notice of Default or Litigation. Promptly, and in any event ------------------------------- within three five (or, in the case of any event referred to in clause (i) below, three) Business Days after an executive officer of any Credit Agreement Party the Borrower or any of its Subsidiaries obtains actual knowledge thereof, notice of (i) the occurrence of any event which constitutes a Default or an Event of Default, which notice shall specify the nature and period of existence thereof and what action the respective Credit Agreement Party Borrower proposes to take with respect thereto, (ii) any litigation or proceeding pending or threatened (x) against Holdings the Borrower or any of its Subsidiaries which has had, or could reasonably be expected to have, have a Material Adverse Effect, (y) with respect to any material Indebtedness of Holdings the Borrower or any of its Subsidiaries or (z) with respect to any Document (other than such Documents referred to in clause (viv) of the definition thereof), (iii) any governmental investigation pending or threatened against Holdings the Borrower or any of its Subsidiaries and (iv) any other event which has had, or could reasonably be expected to have, have a Material Adverse Effect.

Notice of Default or Litigation. Promptly, and in any event ------------------------------- within three Business Days after an executive officer of any Credit Agreement Party the Borrower or any of its Subsidiaries obtains actual knowledge thereof, notice of (i) the occurrence of any event which constitutes a Default or an Event of Default, which notice shall specify the nature and period of existence thereof and what action the respective Credit Agreement Party Borrower proposes to take with respect thereto, (ii) any litigation or proceeding pending or threatened (x) against Holdings the Borrower or any of its Subsidiaries which has had, or could reasonably be expected to have, have a Material Adverse Effect, (y) with respect to any material Indebtedness of Holdings the Borrower or any of its Subsidiaries or (z) with respect to any Document (other than such Documents referred to in clause (viix) of the definition thereof), (iii) any governmental investigation pending or threatened against Holdings the Borrower or any of its Subsidiaries and (iv) any other event which has had, or could reasonably be expected to have, have a Material Adverse Effect.

Notice of Default or Litigation. Promptly, and in any event within three Business Days after an executive officer of any Credit Agreement Party the Borrower or any of its Subsidiaries obtains actual knowledge thereof, notice of (i) the occurrence of any event which constitutes a Default or an Event of Default, which notice shall specify the nature and period of existence thereof and what action the respective Credit Agreement Party Borrower proposes to take with respect thereto, (ii) any litigation or proceeding pending or threatened (x) against Holdings the Borrower or any of its Subsidiaries which has had, or could reasonably be expected to have, a Material Adverse Effect, (y) with respect to any material Indebtedness of Holdings the Borrower or any of its Subsidiaries or (z) with respect to any Document (other than such Documents referred to in clause (viix) of the definition thereof), (iii) any governmental investigation pending or threatened against Holdings the Borrower or any of its Subsidiaries and (iv) any other event which has had, or could reasonably be expected to have, a Material Adverse Effect.

Notice of Default or Litigation. Promptly, and in any event ------------------------------- within three Business Days after an executive officer of any Credit Agreement Party Holdings or any of its Subsidiaries obtains actual knowledge thereof, notice of (i) the occurrence of any event which constitutes a Default or an Event of Default, which notice shall specify the nature and period of existence thereof and what action the respective Credit Agreement Party each of Holdings and each Borrower proposes to take with respect thereto, (ii) any litigation or proceeding pending or threatened (x) against Holdings or any of its Subsidiaries which has had, or could reasonably be expected to have, have a Material Adverse Effect, (y) with respect to any material Indebtedness of Holdings or any of its Subsidiaries or (z) with respect to any Document (other than such Documents referred to in clause (vivii) of the definition thereof), (iii) any governmental investigation pending or threatened against Holdings or any of its Subsidiaries which could reasonably be expected to have a Material Adverse Effect and (iv) any other event which has had, or could reasonably be expected to have, have a Material Adverse Effect.

Notice of Default or Litigation. Promptly, and in any event within three Business Days after an executive officer of any Credit Agreement Party Holdings or any of its Subsidiaries obtains actual knowledge thereof, notice of (i) the occurrence of any event which that constitutes a Default or an Event of Default, which notice shall specify the nature and period of existence thereof and what action the respective Credit Agreement Party each of Holdings and each Borrower proposes to take with respect thereto, (ii) any litigation or proceeding pending or threatened (xA) against Holdings or any of its Subsidiaries which has had, or that could reasonably be expected to have, have a Material Adverse Effect, (yB) with respect to any material Indebtedness of Holdings or any of its Subsidiaries or (zC) with respect to any Document (other than such thansuch Documents referred to in clause (vif) of the definition thereof), (iii) any governmental investigation pending or threatened against Holdings or any of its Subsidiaries that could reasonably be expected to have a Material Adverse Effect and (iv) any other event which has had, or that could reasonably be expected to have, have a Material Adverse Effect.

Notice of Default or Litigation. Promptly, and in any event ------------------------------- within three Business Days after an executive officer of any Credit Agreement Party Holdings or any of its Subsidiaries obtains actual knowledge thereof, notice of (i) the occurrence of any event which constitutes a Default or an Event of Default, which notice shall specify the nature and period of existence thereof and what action Holdings or the respective Credit Agreement Party Borrower proposes to take with respect thereto, (ii) any litigation or proceeding pending or threatened (x) against Holdings or any of its Subsidiaries which has had, or could reasonably be expected to have, have a Material Adverse Effect, (y) with respect to any material Indebtedness of Holdings or any of its Subsidiaries in an aggregate principal amount in excess of $500,000 or (z) with respect to any Document (other than such Documents referred to in clause (vivii) of the definition thereof), (iii) any governmental investigation pending or threatened against Holdings or any of its Subsidiaries and (iv) any other event which has had, or could reasonably be expected to have, have a Material Adverse Effect.

Notice of Default or Litigation. Promptly, and in any event ------------------------------- within three Business Days after an executive officer of any Credit Agreement Party Borrower or any of its Subsidiaries obtains actual knowledge thereof, notice of (i) the occurrence of any event which constitutes a Default or an Event of Default, which notice shall specify the nature and period of existence thereof and what action the respective Credit Agreement Party proposes Borrower or Borrowers propose to take with respect thereto, (ii) any litigation or proceeding pending or threatened (x) against Holdings the U.S. Borrower or any of its Subsidiaries which has had, or could reasonably be expected to have, have a Material Adverse Effect, (y) with respect to any material Indebtedness of Holdings the U.S. Borrower or any of its Subsidiaries or (z) with respect to any Document (other than such Documents referred to in clause (vi) of the definition thereof), (iii) any governmental investigation pending or threatened against Holdings the U.S. Borrower or any of its Subsidiaries and (iv) any other event which has had, or could reasonably be expected to have, have a Material Adverse Effect.

Notice of Default or Litigation. Promptly, and in any event within -------------------------------- three Business Days after an executive officer of any Credit Agreement Party Holdings or any of its Subsidiaries obtains actual knowledge thereof, notice of (i) the occurrence of any event which that constitutes a Default or an Event of Default, which notice shall specify the nature and period of existence thereof and what action the respective Credit Agreement Party each of Holdings and each Borrower proposes to take with respect thereto, (ii) any litigation or proceeding pending or threatened (xA) against Holdings or any of its Subsidiaries which has had, or that could reasonably be expected to have, have a Material Adverse Effect, (yB) with respect to any material Indebtedness of Holdings or any of its Subsidiaries or (zC) with respect to any Document (other than such thansuch Documents referred to in clause (vif) of the definition thereof), (iii) any governmental investigation pending or threatened against Holdings or any of its Subsidiaries that could reasonably be expected to have a Material Adverse Effect and (iv) any other event which has had, or that could reasonably be expected to have, have a Material Adverse Effect.