NOTICE OF DEFAULTS; LOSS. Prompt notice if: (i) any Indebtedness of any Borrower is declared or shall become due and payable prior to its declared or stated maturity, or called and not paid when due, (ii) an event has occurred that enables the holder of any note, or other evidence of such Indebtedness, certificate or security evidencing any such Indebtedness of any Borrower to declare such Indebtedness due and payable prior to its stated maturity, (iii) there shall occur and be continuing an Incipient Default or Event of Default, accompanied by a statement setting forth what action Borrowers propose to take in respect thereof, or (iv) any event shall occur which has a Material Adverse Effect, including the amount or the estimated amount of any loss or depreciation or adverse effect.
NOTICE OF DEFAULTS; LOSS. Prompt written notice if: (i) any Indebtedness of Borrower is declared or shall become due and payable prior to its declared or stated maturity, or called and not paid when due, (ii) there shall occur and be continuing an Event of Default, accompanied by a statement of the president of Borrower setting forth what action Borrower proposes to take in respect thereof, or (iii) any event shall occur which has a Material Adverse Effect, including the amount or the estimated amount of any loss or adverse effect.
NOTICE OF DEFAULTS; LOSS. Prompt written notice if: (i) any Indebtedness of any Obligor in the aggregate principal amount in excess of $1,000,000 is declared or shall become due and payable prior to its declared or stated maturity, or called and not paid when due, (ii) an event has occurred that enables the holder of any note, or other evidence of such Indebtedness, certificate or security evidencing any such Indebtedness of any Obligor to declare such Indebtedness due and payable prior to its stated maturity, (iii) there shall occur and be continuing an Event of Default, accompanied by a statement of setting forth what action Borrower proposes to take in respect thereof, or (iv) any event shall occur which has a Material Adverse Effect, including the amount or the estimated amount of any loss or adverse effect.
NOTICE OF DEFAULTS; LOSS. Immediate written notice if: (i) any Indebtedness aggregating in excess of $3,000,000 of Borrower or Guarantor is declared or shall become due and payable prior to its declared or stated maturity (other than regularly scheduled payments), or called and not paid when due, (ii) the holder of any note, or other evidence of Indebtedness, certificate or security evidencing any such Indebtedness aggregating in excess of $3,000,000 of Borrower or Guarantor has the right to declare such Indebtedness due and payable prior to its stated maturity, (iii) there shall occur and be continuing a Default or Event of Default, accompanied by a certified statement of an authorized officer of PGLP, Inc., as managing general partner of Borrower, or an authorized officer of Guarantor setting forth what action Borrower or Guarantor, as the case may be, proposes to take in respect thereof, or (iv) any event shall occur causing loss or depreciation in the value of assets having a Material Adverse Effect upon the business or operations of Borrower or Guarantor, including the amount or the estimated amount of any such loss or depreciation or adverse effect.
NOTICE OF DEFAULTS; LOSS. Within five (5) Business Days ------------------------ after the occurrence of any such event, written notice if:
(a) any Indebtedness of Borrower is declared or shall become due and payable prior to its declared or stated maturity, or called and not paid when due; (b) an event has occurred that enables the holder of any Indebtedness of Borrower or of any note, certificate or security evidencing any such Indebtedness of Borrower to declare such Indebtedness due and payable prior to its stated maturity; (c) there shall occur and be continuing an Incipient Default or Event of Default, accompanied by a statement of the Chief Executive Officer of Borrower setting forth what action Borrower (and any other obligor with respect to which the Incipient Default or Event of Default has occurred) proposes to take in respect thereof; or (d) any event shall occur causing loss or depreciation in the value of assets having a Material Adverse Effect on Borrower, including the amount or the estimated amount of any such loss or depreciation or adverse effect.
NOTICE OF DEFAULTS; LOSS. 43 6.3.7 Notice of Suits, Adverse Events.........................................................44 6.3.8 Reports to Shareholders, Creditors and Governmental Bodies..............................44 6.3.9 ERISA Notices and Requests..............................................................44 6.3.10
NOTICE OF DEFAULTS; LOSS. Prompt written notice if: (i) any Indebtedness of Borrower or any Subsidiary is declared or shall become due and payable prior to its declared or stated maturity, or called and not paid when due, (ii) an event has occurred that enables the holder of any note, or other evidence of such Indebtedness, certificate or security evidencing any such Indebtedness of Borrower or any Subsidiary to declare such Indebtedness due and payable prior to its stated maturity, (iii) there shall occur and be continuing an Incipient Default or Event of Default, accompanied by a statement of the Chief Financial Officer setting forth what action Borrower proposes to take in respect thereof, or (iv) any event shall occur which has a Material Adverse Effect, including the amount or the estimated amount of any loss or depreciation or adverse effect.
NOTICE OF DEFAULTS; LOSS. Prompt notice if: (i) there shall occur and be continuing an Event of Default, accompanied by a statement setting forth what action Borrower proposes to take in respect thereof, or (ii) any event shall occur which has had or would reasonably be expected to have a Material Adverse Effect, including the amount of the estimated amount of any loss or adverse effect.
NOTICE OF DEFAULTS; LOSS. Provide Lender with notice within three Business Days if: (i) any Indebtedness of any Obligor is declared or shall become due and payable prior to its declared or stated maturity, or called and not paid when due, (ii) any event has occurred that enables the holder of any note, debenture, or other evidence of such Indebtedness, certificate or security evidencing any such Indebtedness of any Obligor to declare such Indebtedness due and payable prior to its stated maturity, (iii) there shall occur and be continuing an Incipient Default or Event of Default, accompanied by a statement setting forth what action Borrower proposes to take in respect thereof, or (iv) any event shall occur which has a Material Adverse Effect, including the amount or the estimated amount of any loss or adverse effect.
NOTICE OF DEFAULTS; LOSS. Prompt written notice if: (i) any Indebtedness of any Obligor is declared or shall become due and payable prior to its declared or stated maturity, or called and not paid when due, (ii) an event has occurred that enables the holder of any note, or other evidence of such Indebtedness, certificate or security evidencing any such Indebtedness of any Obligor to declare such Indebtedness due and payable prior to its stated maturity, (iii) there shall occur and be continuing an Event of Default, accompanied by a statement of setting forth what action Borrower proposes to take in respect thereof, or (iv) any event shall occur which has a Material Adverse Effect, including the amount or the estimated amount of any loss or adverse effect.
