Notice of Defaults and Material Adverse Changes. Immediately upon acquiring reason to know of (i) any Event of Default, (ii) any event or condition that might have a material adverse effect upon the Borrower or any Subsidiary or (iii) any Action, the Borrower will provide to the Bank a certificate executed by the Borrower’s senior individual authorized to transact business on behalf of the Borrower, specifying the date(s) and nature of the event or the Action and what action the Borrower or its Subsidiary has taken or proposes to take with respect to it.
Notice of Defaults and Material Adverse Changes. Promptly after any officer of the Borrower has learned of the occurrence or existence of a Default or Event of Default, or of an event or set of circumstances which has caused or which may cause a Material Adverse Change, telephonic notice thereof specifying the details thereof, the anticipated effect thereof and the action which the Borrower has taken, is taking or proposes to take with respect thereto, which notice shall be promptly confirmed in writing within five days by the president, any vice president or the chief financial officer of the Borrower.
Notice of Defaults and Material Adverse Changes. Promptly after any officer of the Borrower has learned of the occurrence or existence of a Default or Event of Default or an event or set of circumstances which has had or which may reasonably be expected to have a Material Adverse Effect or which has caused or which may reasonably be expected to cause a Material Adverse Change, telephonic notice thereof specifying the details thereof, the anticipated effect thereof and the action which the Borrower has taken, is taking or proposes to take with respect thereto, which notice shall be promptly confirmed in writing within five days by an Authorized Officer;
Notice of Defaults and Material Adverse Changes. Promptly after the Borrower has learned of the occurrence or existence of a Default, Event of Default, an event or set of circumstances which has had or which in the reasonable judgment of the Borrower may result in a Material Adverse Effect, or a Material Adverse Change, telephonic notice thereof specifying the details thereof, the anticipated effect thereof and the action which the Borrower or the affected Person has taken, is taking or proposes to take with respect thereto, which notice shall be promptly confirmed in writing within ten (10) days by the Borrower if such Event of Default has not been cured before said ten (10) day period.
Notice of Defaults and Material Adverse Changes. Immediately upon acquiring reason to know of (i) any Event of Default or (ii) any event or condition that might have a material adverse effect upon Borrower, Borrower will provide to the Bank a certificate executed by Borrower's chief executive and financial officers or partners specifying the date(s) and nature of the event and what action Borrower has taken or proposes to take with respect to it.
Notice of Defaults and Material Adverse Changes. Immediately upon acquiring reason to know of (i) any Event of Default, (ii) any event or condition that might have a Material Adverse Effect upon the Borrower or the Guarantor, (iii) any Action, (iv) the request by HFIC to renew or terminate the Lease, or (v) the acquisition, creation or establishment of any new Subsidiary and the acquisition of any new real properties, the Borrower will provide to the Bank a certificate executed by the Borrower’s senior individual authorized to transact business on behalf of the Borrower, specifying the date(s) and nature of the event or the Action and what action the Borrower or the Guarantor has taken or proposes to take with respect to it.
Notice of Defaults and Material Adverse Changes. Promptly after any Authorized Officer of the Borrower has learned of the occurrence or existence of a Default or Event of Default or an event or set of circumstances which has had or which may have a Material Adverse Effect or which has caused or which may cause a Material Adverse Change, telephonic notice thereof specifying the details thereof, the anticipated effect thereof and the action which the Borrower has taken, is taking or proposes to take with respect thereto, which notice shall be promptly confirmed in writing within five Business Days by an Authorized Officer;
Notice of Defaults and Material Adverse Changes. The Borrower shall deliver to the Bank, and comply with, the notice of defaults and notice of disputes and other matters requirements set forth in Sections 5.2 and 5.3 of the Second A&R Credit Agreement.
Notice of Defaults and Material Adverse Changes. Immediately upon acquiring reason to know of (i) any Event of Default, (ii) any event or condition that might have a material adverse effect upon the Borrower or any Subsidiary or (iii) any Action, the Borrower will provide to the Bank and MIDFA a certificate executed by the Borrower's senior individual authorized to transact business on behalf of the Borrower, specifying the date(s) and nature of the event or the Action and what action the Borrower or its Subsidiary has taken or proposes to take with respect to it.
Notice of Defaults and Material Adverse Changes. Promptly give written notice to Lender of (a) the occurrence of any Event of Default under any of the Loan Documents; (b) any event, development or circumstance which might materially adversely affect Borrower’s business, operations, properties or financial condition, including but not limited to a change in any material term or default under any lease, licensing agreement, development agreement, franchise agreement, management agreement or employment agreement (collectively, a “Material Agreement”) to which the Borrower is a party; (c) the departure, demotion, termination or replacement of any of the corporate officers of the Borrower or members of its Management Team which shall include the Chief Executive Officer, Chief Financial Officer, Vice President of Operations and Controller (the “Management Team”) or the designation of any new individuals as corporate officers or members of the Management Team (d) the threat or actual commencement of a criminal proceeding or investigation into the activities of the Borrower; (e) its receipt of a notification from a federal or state regulator that a Borrower has violated or is being investigated for violating any applicable federal or state law governing its operations; or (f) notice of the commencement of any action, suit or proceeding at law or in equity by or before any court, governmental agency or instrumentality which could result in any material adverse change in the business, operations, prospects, properties or assets or in the condition, financial or otherwise, of the Borrower.
