Common use of Notice of Material Event Clause in Contracts

Notice of Material Event. Such Seller shall promptly inform the Purchaser in writing of the occurrence of any of the following, in each case setting forth the details thereof and what action, if any, such Seller proposes to take with respect thereto: (i) any Litigation commenced, or to the knowledge of such Seller, threatened against it or with respect to or in connection with all or any substantial portion of the CEF Assets or developments in such Litigation in each case that such Seller believes has a reasonable risk of being determined adversely to it and that could, if determined adversely, have a Material Adverse Effect on such Seller or the Purchaser; or (ii) the commencement of a case or proceeding by or against such Seller seeking a decree or order in respect to it (A) under the Bankruptcy Code or any other applicable federal, state or foreign bankruptcy or other similar law, (B) appointing a custodian, receiver, liquidator, assignee, trustee or sequestrator (or similar official) for such Seller or for any substantial part of such Seller’s assets, or (C) ordering the winding-up or liquidation of the affairs of such Seller.

Notice of Material Event. Such The Seller shall promptly inform the Purchaser in writing of the occurrence of any of the following, in each case setting forth the details thereof and what action, if any, such the Seller proposes to take with respect thereto: (i) any Litigation commenced, or to the knowledge of such the Seller, threatened against it the Seller or with respect to or in connection with all or any substantial portion of the CEF Assets or developments in such Litigation in each case that such the Seller believes has a reasonable risk of being determined adversely to it the Seller and that could, if determined adversely, have a Material Adverse Effect on such Seller or the PurchaserEffect; or (ii) the commencement of a case or proceeding by or against such the Seller seeking a decree or order in respect to it of the Seller (A) under the Bankruptcy Code or any other applicable federal, state or foreign bankruptcy or other similar law, (B) appointing a custodian, receiver, liquidator, assignee, trustee or sequestrator (or similar official) for such the Seller or for any substantial part of such the Seller’s 's assets, or (C) ordering the winding-up or liquidation of the affairs of such the Seller.

Notice of Material Event. Such The Seller shall promptly inform the Purchaser in writing of the occurrence of any of the following, in each case setting forth the details thereof and what action, if any, such the Seller proposes to take with respect thereto: (i) any Litigation commenced, or to the knowledge of such the Seller, threatened against it or with respect to or in connection with all or any substantial portion of the CEF Assets or developments in such Litigation in each case that such the Seller believes has a reasonable risk of being determined adversely to it and that could, if determined adversely, have a Material Adverse Effect on such the Seller or the Purchaser; or (ii) the commencement of a case or proceeding by or against such the Seller seeking a decree or order in respect to it (A) under the Bankruptcy Code or any other applicable federal, state or foreign bankruptcy or other similar law, (B) appointing a custodian, receiver, liquidator, assignee, trustee or sequestrator (or similar official) for such the Seller or for any substantial part of such the Seller’s assets, or (C) ordering the winding-up or liquidation of the affairs of such the Seller.

Notice of Material Event. Such The Seller shall promptly inform the Purchaser in writing of the occurrence of any of the following, in each case setting forth the details thereof and what action, if any, such the Seller proposes to take with respect thereto: (i) any Litigation commencedcommenced or, or to the knowledge of such the Seller, threatened against it the Seller or with respect to or in connection with all or any substantial portion of the CEF Purchaser Assets or developments in such Litigation in each case that such the Seller believes has a reasonable risk of being determined adversely to it the Seller and that could, if determined adversely, have a Material Adverse Effect on such Seller or the PurchaserEffect; or (ii) the commencement of a case or proceeding by or against such the Seller seeking a decree or order in respect to it of the Seller (A) under the Bankruptcy Code or any other applicable federal, state or foreign bankruptcy or other similar law, (B) appointing a custodian, receiver, liquidator, assignee, trustee or sequestrator (or similar official) for such the Seller or for any substantial part of such Seller’s assets, or (C) ordering the winding-up or liquidation of the affairs of such the Seller.

Notice of Material Event. Such The Seller shall promptly inform the Purchaser in writing of the occurrence of any of the following, in each case setting forth the details thereof and what action, if any, such the Seller proposes to take with respect thereto: (i) any Litigation commenced, or to the knowledge of such the Seller, threatened against it or with respect to or in connection with all or any substantial portion of the CEF Assets or developments in such Litigation in each case that such the Seller believes has a reasonable risk of being determined adversely to it and that could, if determined adversely, have a Material Adverse Effect on such the Seller or the Purchaser; or (ii) the commencement of a case or proceeding by or against such the Seller seeking a decree or order in respect to it (A) under the Bankruptcy Code or any other applicable federal, state or foreign bankruptcy or other similar law, (B) appointing a custodian, receiver, liquidator, assignee, trustee or sequestrator (or similar official) for such the Seller or for any substantial part of such the Seller’s assets, or (C) ordering the winding-up or liquidation of the affairs of such the Seller.. 700148750 06142559 Loan Sale Agreement

Notice of Material Event. Such The Seller shall promptly inform the Purchaser in writing of the occurrence of any of the following, in each case setting forth the details thereof and what action, if any, such the Seller proposes to take with respect thereto: (i) any Litigation commencedcommenced or, or to the knowledge of such the Seller, threatened against it the Seller or with respect to or in connection with all or any substantial portion of the CEF Purchaser Assets or developments in such Litigation in each case that such the Seller believes has a reasonable risk of being determined adversely to it the Seller and that could, if determined adversely, have a Material Adverse Effect on such Seller or the PurchaserEffect; or (ii) the commencement of a case or proceeding by or against such the Seller seeking a decree or order in respect to it of the Seller (A) under the Bankruptcy Code or any other applicable federal, state or foreign bankruptcy or other similar law, (B) appointing a custodian, receiver, liquidator, assignee, trustee or sequestrator (or similar official) for such the Seller or for any substantial part of such Seller’s 's assets, or (C) ordering the winding-up or liquidation of the affairs of such the Seller.

Notice of Material Event. Such Seller shall promptly inform the Purchaser in writing of the occurrence of any of the following, in each case setting forth the details thereof and what action, if any, such the Seller proposes to take with respect thereto: (i) any Litigation commenced, or to the knowledge of such Seller, threatened against it or with respect to or in connection with all or any substantial portion of the CEF Assets or developments in such Litigation in each case that such Seller believes has a reasonable risk of being determined adversely to it and that could, if determined adversely, have a Material Adverse Effect on such Seller or the PurchaserEffect; or (ii) the commencement of a case or proceeding by or against such Seller it seeking a decree or order in respect to it (A) under the Bankruptcy Code or any other applicable federal, state or foreign bankruptcy or other similar law, (B) appointing a custodian, receiver, liquidator, assignee, trustee or sequestrator (or similar official) for such Seller it or for any substantial part of such Sellerthe it’s assets, or (C) ordering the winding-up or liquidation of the affairs of such Sellerits affairs.

Notice of Material Event. Such Seller shall promptly inform the Purchaser in writing of the occurrence of any of the following, in each case setting forth the details thereof and what action, if any, such the Seller proposes to take with respect thereto: (i) any Litigation commenced, or to the knowledge of such Seller, threatened against it or with respect to or in connection with all or any substantial portion of the CEF Assets or developments in such Litigation in each case that such Seller believes has a reasonable risk of being determined adversely to it and that could, if determined adversely, have a Material Adverse Effect on such Seller or the PurchaserEffect; or (ii) the commencement of a case or proceeding by or against such Seller it seeking a decree or order in respect to it (A) under the Bankruptcy Code or any other applicable federal, state or foreign bankruptcy or other similar law, (B) appointing a custodian, receiver, liquidator, assignee, trustee or sequestrator (or similar official) for such Seller it or for any substantial part of such Seller’s the it's assets, or (C) ordering the winding-up or liquidation of the affairs of such Sellerits affairs.

Notice of Material Event. Such The Seller shall promptly inform the Purchaser in writing of the occurrence of any of the following, in each case setting forth the details thereof and what action, if any, such the Seller proposes to take with respect thereto: (i) any Litigation commenced, or to the knowledge of such the Seller, threatened against it the Seller or with respect to or in connection with all or any substantial portion of the CEF Assets or developments in such Litigation in each case that such the Seller believes has a reasonable risk of being determined adversely to it the Seller and that could, if determined adversely, have a Material Adverse Effect on such Seller or the PurchaserEffect; or (ii) the commencement of a case or proceeding by or against such the Seller seeking a decree or order in respect to it of the Seller (A) under the Bankruptcy Code or any other applicable federal, state or foreign bankruptcy or other similar law, (B) appointing a custodian, receiver, liquidator, assignee, trustee or sequestrator (or similar official) for such the Seller or for any substantial part of such the Seller’s assets, or (C) ordering the winding-up or liquidation of the affairs of such the Seller.