Common use of Notice of Defaults and Material Adverse Changes Clause in Contracts

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. 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 '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. 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 any of the Borrower or Borrowers and/or any Subsidiary of their respective subsidiaries or (iii) any Action, the Borrower Borrowers will provide to the Bank a certificate executed by the Borrower’s Borrowers’ senior individual individuals authorized to transact business on behalf of the BorrowerBorrowers, specifying the date(s) and nature of the event or the Action and what action the Borrower or its Subsidiary has Borrowers and their respective subsidiaries has/have taken or proposes to take with respect to it.