Common use of Notice of Litigation, Defaults, etc Clause in Contracts

Notice of Litigation, Defaults, etc. Promptly after any Financial Officer acquires knowledge thereof, the Company shall furnish to the Lenders notice of any litigation or any administrative or arbitration proceeding (a) which creates a material risk of resulting, after giving effect to any applicable insurance, in the payment by the Company and its Subsidiaries of more than $500,000 or (b) which results, or creates a material risk of resulting, in a Material Adverse Change. Promptly after any Financial Officer acquires knowledge thereof, the Company shall notify the Lenders of the existence of any Default or Material Adverse Change, specifying the nature thereof and what action the Company or any Subsidiary has taken, is taking or proposes to take with respect thereto.

Notice of Litigation, Defaults, etc. Promptly after any Financial Officer acquires knowledge thereof, the The Company shall promptly furnish to the Lenders holders of any Notes notice of any litigation or any administrative or arbitration proceeding (a) which creates a material risk of resulting, after giving effect to any applicable insurance, in the payment by the Company and its Subsidiaries of more than $500,000 or (b) which results, or creates a material risk of resulting, in a Material Adverse Change. Promptly after any Financial Officer acquires upon acquiring knowledge thereof, the Company shall notify the Lenders of the existence of any Default or Material Adverse Change, specifying the nature thereof and what action the Company or any Subsidiary of its Subsidiaries has taken, is taking or proposes to take with respect thereto.

Notice of Litigation, Defaults, etc. Promptly after any Financial Officer acquires knowledge thereof, the The Company shall ----------------------------------- promptly furnish to the Lenders notice of any litigation or any administrative or arbitration proceeding (a) which creates a material reasonable risk of resulting, after giving effect to any applicable insurance, in the payment by the Company Parent and its Subsidiaries of more than $500,000 or (b) which results, or creates a material reasonable risk of resulting, in a Material Adverse Change. Promptly after any Financial Officer acquires upon acquiring knowledge thereof, the Company shall notify the Lenders of the existence of any Default or Material Adverse Change, specifying the nature thereof and what action the Company Parent or any Subsidiary of its Subsidiaries has taken, is taking or proposes to take with respect thereto.

Notice of Litigation, Defaults, etc. Promptly after any Financial Officer acquires knowledge thereof, the The Company shall promptly furnish to the Lenders Agent notice of the commencement of any litigation or any administrative or arbitration proceeding (a) which creates a material risk of resulting, after giving effect to any applicable insurance, in the payment by the Company and its Subsidiaries of more than $500,000 or (b) which results, or creates a material risk of resulting, in a Material Adverse Change. Promptly after any Financial Officer acquires upon acquiring actual knowledge thereof, the Company shall notify the Lenders Agent of the existence of any Default or Material Adverse Change, specifying the nature thereof and what action the Company or any Subsidiary of its Subsidiaries has taken, is taking or proposes to take with respect thereto.

Notice of Litigation, Defaults, etc. Promptly after any Financial Officer acquires knowledge thereof, the The Company shall promptly furnish to the Lenders notice of any litigation or any administrative or arbitration proceeding (a) which creates a material risk of resulting, after giving effect to any applicable insurance, in the payment by the Company and its Subsidiaries of more than $500,000 or (b) which results, or creates a material risk of resulting, in a Material Adverse Change. Promptly after any Financial Officer acquires upon acquiring knowledge thereof, the Company shall notify the Lenders of the existence of any Default or Material Adverse Change, specifying the nature thereof and what action the Company or any Subsidiary of its Subsidiaries has taken, is taking or proposes to take with respect thereto.

Notice of Litigation, Defaults, etc. Promptly after any Financial Officer acquires knowledge thereof, the The Company shall promptly furnish to the Lenders Agent notice of any litigation or any administrative or arbitration proceeding (a) which creates a material risk of resulting, after giving effect to any applicable insurance, in the payment by the Company and its Subsidiaries of more than $500,000 250,000 or (b) which results, or creates a material risk of resulting, in a Material Adverse Change. Promptly after any Financial Officer acquires upon acquiring knowledge thereof, the Company shall notify the Lenders Agent of the existence of any Default or Material Adverse Change, specifying the nature thereof and what action the Company or any Subsidiary of its Subsidiaries has taken, is taking or proposes to take with respect thereto.

Notice of Litigation, Defaults, etc. Promptly after any Financial Officer acquires knowledge thereof, the The Company shall ----------------------------------- promptly furnish to the Lenders notice of any litigation or any administrative or arbitration proceeding (a) which creates a material risk of resulting, after giving effect to any applicable insurance, in the payment by the Company and its Subsidiaries of more than $500,000 or (b) which results, or creates a material risk of resulting, in a Material Adverse Change. Promptly after any Financial Officer acquires upon acquiring knowledge thereof, the Company shall notify the Lenders of the existence of any Default or Material Adverse Change, specifying the nature thereof and what action the Company or any Subsidiary of its Subsidiaries has taken, is taking or proposes to take with respect thereto.

Notice of Litigation, Defaults, etc. Promptly after any Financial Officer acquires knowledge thereof, the The Company shall ----------------------------------- promptly furnish to the Lenders notice of any litigation or any administrative or arbitration proceeding (a) which creates a material reasonable risk of resulting, after giving effect to any applicable insurance, in the payment by the Company and its Subsidiaries of more than $500,000 or (b) which results, or creates a material reasonable risk of resulting, in a Material Adverse Change. Promptly after any Financial Officer acquires upon acquiring knowledge thereof, the Company shall notify the Lenders of the existence of any Default or Material Adverse Change, specifying the nature thereof and what action the Company or any Subsidiary has taken, is taking or proposes to take with respect thereto.

Notice of Litigation, Defaults, etc. Promptly after any Financial Officer acquires knowledge thereof, the The Company shall promptly furnish to the Lenders notice of any litigation or any administrative or arbitration proceeding (a) which creates a material reasonable risk of resulting, after giving effect to any applicable insurance, in the payment by the Company and its Subsidiaries of more than $500,000 100,000 or (b) which results, or creates a material reasonable risk of resulting, in a Material Adverse Change. Promptly after any Financial Officer acquires upon acquiring knowledge thereof, the Company shall notify the Lenders of the existence of any Default or Material Adverse Change, specifying the nature thereof and what action the Company or any Subsidiary has taken, is taking or proposes to take with respect thereto.