Common use of Notice of Material Events and Change of Address Clause in Contracts

Notice of Material Events and Change of Address. The Company will promptly notify Buyer in writing, stating that such notice is being given pursuant to this Agreement, of: (a) the occurrence of any Material Adverse Effect, (b) the occurrence of any Default, (c) the acceleration of the maturity of any indebtedness owed by the Company or any Subsidiary thereof or of any default by any the Company or any such Subsidiary under any indenture, mortgage, agreement, contract or other instrument to which any of them is a party or by which any of them or any of their properties is bound, if such acceleration or default could reasonably be expected to have a Material Adverse Effect, (d) any claim of $100,000 or more, any notice of potential liability under any Environmental Laws which might exceed such amount, or any other material adverse claim asserted against the Company or any Subsidiary thereof or with respect to the Company or any of such Subsidiary's properties, an d (e) the filing of any suit or proceeding against the Company or any Subsidiary thereof in which an adverse decision could cause a Material Adverse Effect . Upon the occurrence of any of the foregoing the Company and any Subsidiary thereof will take all necessary or appropriate steps to remedy promptly any such Material Adverse Effect, Default, acceleration or default, to protect against any such adverse claim, to defend any such suit or proceeding, and to resolve all controversies on account of any of the foregoing.

Notice of Material Events and Change of Address. The Company ----------------------------------------------- will promptly notify Buyer in writing, stating that such notice is being given pursuant to this Agreement, of: (a) the occurrence of any Material Adverse Effect, (b) the occurrence of any Default, (c) the acceleration of the maturity of any indebtedness owed by the Company or any Subsidiary thereof or of any default by any the Company or any such Subsidiary under any indenture, mortgage, agreement, contract or other instrument to which any of them is a party or by which any of them or any of their properties is bound, if such acceleration or default could reasonably be expected to have a Material Adverse Effect, (d) any claim of $100,000 250,000 or more, any notice of potential liability under any Environmental Laws which might exceed such amount, or any other material adverse claim asserted against the Company or any Subsidiary thereof or with respect to the Company or any of such Subsidiary's properties, an dand (e) the filing of any suit or proceeding against the Company or any Subsidiary thereof in which an adverse decision could cause a Material Adverse Effect Effect. Upon the occurrence of any of the foregoing the Company and any Subsidiary thereof will take all necessary or appropriate steps to remedy promptly any such Material Adverse Effect, Default, acceleration or default, to protect against any such adverse claim, to defend any such suit or proceeding, and to resolve all controversies on account of any of the foregoing.

Notice of Material Events and Change of Address. The Company will promptly notify Buyer in writing, stating that such notice is being given pursuant to this Agreement, of: (a) the occurrence of any Material Adverse Effect, (b) the occurrence of any Default, (c) the acceleration of the maturity of any indebtedness owed by the Company or any Subsidiary thereof or of any default by any the Company or any such Subsidiary under any indenture, mortgage, agreement, contract or other instrument to which any of them is a party or by which any of them or any of their properties is bound, if such acceleration or default could reasonably be expected to have a Material Adverse Effect, (d) any claim of $100,000 or more, any notice of potential liability under any Environmental Laws which might exceed such amount, or any other material adverse claim asserted against the Company or any Subsidiary thereof or with respect to the Company or any of such Subsidiary's properties, an dand (e) the filing of any suit or proceeding against the Company or any Subsidiary thereof in which an adverse decision could cause a Material Adverse Effect Effect. Upon the occurrence of any of the foregoing the Company and any Subsidiary thereof will take all necessary or appropriate steps to remedy promptly any such Material Adverse Effect, Default, acceleration or default, to protect against any such adverse claim, to defend any such suit or proceeding, and to resolve all controversies on account of any of the foregoing.