Notice of Material Events. Such Borrower shall furnish or cause to be furnished to the Bank prompt written notice of the following, together with a statement of a duly authorized representative (who shall be acceptable to the Bank) of such Borrower setting forth in reasonable detail the event or development requiring such notice and, if applicable, any action taken or proposed to be taken with respect thereto: (a) the occurrence of any Default with respect to such Borrower; (b) the filing or commencement of any action, suit or proceeding by or before any Governmental Authority against or affecting such Borrower that could in the good faith opinion of such Borrower reasonably be expected to result in a Material Adverse Effect with respect to such Borrower; and (c) the occurrence of any other development that has resulted, or could reasonably be expected to result, in a Material Adverse Effect with respect to such Borrower.
Appears in 5 contracts
Samples: Credit Agreement (Investment Managers Series Trust), Credit Agreement (Investment Managers Series Trust), Credit Agreement (Investment Managers Series Trust)
Notice of Material Events. Such The Borrower shall furnish or cause to be furnished to the Bank prompt written notice after any officer of the Borrower obtains knowledge of the following, together with a statement of a duly authorized representative (who shall be reasonably acceptable to the Bank) of such the Borrower setting forth in reasonable detail the event or development requiring such notice and, if applicable, any action taken or proposed to be taken with respect thereto:
(a) the occurrence of any Default with respect to such BorrowerDefault;
(b) the filing or commencement of any action, suit or proceeding by or before any Governmental Authority against or affecting such the Borrower that could could, in the good faith opinion of such Borrower the Borrower, reasonably be expected to result in a Material Adverse Effect with respect to such BorrowerEffect; and
(c) the occurrence of any other development that has resulted, or could reasonably be expected to result, in a Material Adverse Effect with respect to such BorrowerEffect.
Appears in 4 contracts
Samples: Credit Agreement (Blackstone / GSO Long-Short Credit Income Fund), Credit Agreement (Blackstone / GSO Senior Floating Rate Term Fund), Credit Agreement (Blackstone / GSO Long-Short Credit Income Fund)
Notice of Material Events. Such The Borrower shall furnish or cause to be furnished to the Bank prompt written notice of the following, together with a statement of a duly authorized representative (who shall be acceptable to the Bank) of such the Borrower setting forth in reasonable detail the event or development requiring such notice and, if applicable, any action taken or proposed to be taken with respect thereto:
(a) the occurrence of any Default with respect to such BorrowerDefault;
(b) the filing or commencement of any action, suit or proceeding by or before any Governmental Authority against or affecting such the Borrower that could in the good faith opinion of such the Borrower reasonably be expected to result in a Material Adverse Effect with respect to such BorrowerEffect; and
(c) the occurrence of any other development that has resulted, or could reasonably be expected to result, in a Material Adverse Effect with respect to such BorrowerEffect.
Appears in 3 contracts
Samples: Credit Agreement (Tortoise Energy Independence Fund, Inc.), Credit Agreement (Tortoise Power & Energy Infrastructure Fund Inc), Credit Agreement (Tortoise Energy Independence Fund, Inc.)
Notice of Material Events. Such The Borrower shall furnish or cause to be furnished to the Bank prompt written notice of the following, together with a statement of a duly authorized representative (who shall be acceptable to the Bank) of such the Borrower setting forth in reasonable detail the event or development requiring such notice and, if applicable, any action taken or proposed to be taken with respect thereto:
(a) the occurrence of any Default with respect to such BorrowerDefault;
(b) the filing or commencement of any action, suit or proceeding by or before any Governmental Authority against or affecting such the Borrower that that, if adversely determined, could in the good faith opinion of such the Borrower reasonably be expected to result in a Material Adverse Effect with respect to such BorrowerEffect; and
(c) the occurrence of any other development that has resulted, or could reasonably be expected to result, in a Material Adverse Effect with respect to such BorrowerEffect.
Appears in 3 contracts
Samples: Credit Agreement (Highland Floating Rate Advantage Fund), Credit Agreement (Aberdeen Global Income Fund Inc), Credit Agreement (First Trust/Four Corners Senior Floating Rate Income Fund)
Notice of Material Events. Such The Borrower shall furnish or cause to be furnished to the Bank Administrative Agent prompt written notice after any officer of the Borrower obtains knowledge of the following, together with a statement of a duly authorized representative (who shall be acceptable to of the Bank) of such Borrower setting forth in reasonable detail the event or development requiring such notice and, if applicable, any action taken or proposed to be taken with respect thereto:
(a) the occurrence of any Default with respect to such BorrowerDefault;
(b) the filing or commencement of any action, suit or proceeding by or before any Governmental Authority against or affecting such the Borrower that could in the good faith opinion of such the Borrower reasonably be expected to result in a Material Adverse Effect with respect to such BorrowerEffect; and
(c) the occurrence of any other development that has resulted, or could reasonably be expected to result, in a Material Adverse Effect with respect to such BorrowerEffect.
Appears in 2 contracts
Samples: Credit Agreement (ClearBridge Energy MLP Fund Inc.), Credit Agreement (ClearBridge Energy MLP Opportunity Fund Inc.)
Notice of Material Events. Such Borrower shall furnish or cause to be furnished to the Bank each Credit Party with respect to itself and each Related Fund, prompt written notice of the following, together with a statement of a duly authorized representative (who shall be acceptable to the BankAdministrative Agent) of such Borrower setting forth in reasonable detail the event or development requiring such notice and, if applicable, any action taken or proposed to be taken with respect thereto:
(a) the occurrence of any Default with respect to such BorrowerDefault;
(b) the filing or commencement of any action, suit or proceeding by or before any Governmental Authority against or affecting such Borrower that or any Related Funds that, if adversely determined, could in the good faith opinion of such Borrower reasonably be expected to result in a Material Adverse Effect with respect to such BorrowerEffect; and
(c) the occurrence of any other development that has resulted, or could reasonably be expected to result, in a Material Adverse Effect with respect to such BorrowerEffect.
Appears in 2 contracts
Samples: Credit Agreement (Highland Floating Rate Fund), Credit Agreement (Highland Funds I)
Notice of Material Events. Such Borrower shall furnish or cause to be furnished to the Bank prompt written notice of the following, together with a statement of a duly authorized representative (who shall be acceptable to the Bank) of such Borrower setting forth in reasonable detail the event or development requiring such notice and, if applicable, any action taken or proposed to be taken with respect thereto:
(a) the occurrence of any Default with respect to such Borrower;
(b) the filing or commencement of any action, suit or proceeding by or before any Governmental Authority against or affecting such Borrower that could in the good faith opinion of such Borrower reasonably be expected to result in a Material Adverse Effect with respect to such Borrower; and
(c) the occurrence of any other development that has resulted, or could reasonably be expected to result, in a Material Adverse Effect with respect to such Borrower.
Appears in 1 contract
Notice of Material Events. Such Borrower shall furnish or cause to be furnished to the Bank Administrative Agent and each Lender prompt written notice of the following, together with a statement of a duly authorized representative (who shall be acceptable to the Bank) Financial Officer or other executive officer of such Borrower setting forth in reasonable detail of the event or development requiring such notice and, if applicable, any action taken or proposed to be taken with respect thereto:
(a) the occurrence of any Default with respect to such BorrowerDefault;
(b) the filing or commencement of any action, suit or proceeding by or before any Governmental Authority against or affecting such Borrower that or any Affiliate thereof that, if adversely determined, could in the good faith opinion of such Borrower reasonably be expected to result in a Material Adverse Effect with respect to such BorrowerEffect; and
(c) the occurrence of any other development that has resulted, or could reasonably be expected to result, in a Material Adverse Effect with respect to such BorrowerEffect.
Appears in 1 contract
Samples: Credit Agreement (Highland Floating Rate LTD Liability Co)
Notice of Material Events. Such The Borrower shall furnish or cause to be furnished to the Bank prompt written notice of the following, together with a statement of a duly authorized representative (who shall be reasonably acceptable to the Bank) of such the Borrower setting forth in reasonable detail the event or development requiring such notice and, if applicable, any action taken or proposed to be taken with respect thereto:
(a) the occurrence of any Default with respect to such BorrowerDefault;
(b) the filing or commencement of any action, suit or proceeding by or before any Governmental Authority against or affecting such the Borrower that could in the good faith opinion of such the Borrower reasonably be expected to result in a Material Adverse Effect with respect to such BorrowerEffect; and
(c) the occurrence of any other development that has resulted, or could reasonably be expected to result, in a Material Adverse Effect with respect to such BorrowerEffect.
Appears in 1 contract
Samples: Credit Agreement (Avenue Income Credit Strategies Fund)
Notice of Material Events. Such The Borrower shall furnish or cause to be furnished to the Bank prompt written notice after the Borrower obtains knowledge of the following, together with a statement of a duly authorized representative (who shall be reasonably acceptable to the Bank) of such the Borrower setting forth in reasonable detail the event or development requiring such notice and, if applicable, any action taken or proposed to be taken with respect thereto:
(a) the occurrence of any Default with respect to such BorrowerDefault;
(b) the filing or commencement of any action, suit or proceeding by or before any Governmental Authority against or affecting such the Borrower that that, if adversely determined, could in the good faith opinion of such the Borrower reasonably be expected to result in a Material Adverse Effect with respect to such BorrowerEffect; and
(c) the occurrence of any other development that has resulted, or could reasonably be expected to result, in a Material Adverse Effect with respect to such BorrowerEffect.
Appears in 1 contract