Common use of Notice of Proceedings, Defaults, Adverse Change, Etc Clause in Contracts

Notice of Proceedings, Defaults, Adverse Change, Etc. Promptly (and in any event within five (5) days after the discovery by the Borrower thereof) give written notice to each of the Lenders of (a) any proceedings instituted or threatened in writing against it by or in any federal, state or local court or before any commission or other regulatory body, whether federal, state or local which could reasonably be expected to have a Material Adverse Effect; (b) any notices of default received by any Company (together with copies thereof, if requested by any Lender) with respect to (i) any alleged default under or violation of any of its material licenses, permits or franchises (including any material agreement to which it is a party, or (ii) any alleged default with respect to, or acceleration or other action under any evidence of material Indebtedness of any Company or any mortgage, indenture or other agreement relating thereto; (c) (i) any notice of any violation or administrative or judicial complaint or order filed or to be filed against any Company and/or any real property owned or leased by it alleging any material violations of any law, ordinance and/or regulation or requiring it to take any action in connection with the release and/or clean-up of any Hazardous Materials, or (ii) any notice from any governmental body or other Person alleging that any Company is or may be liable for costs associated with a release or clean-up of any Hazardous Materials or any damages resulting from such release; (d) any event of dissolution; (e) any change in the condition, financial or otherwise, of any Company which is reasonably likely to have a Material Adverse Effect; or (f) the occurrence of any Default or the occurrence of any event which, upon notice or lapse of time or both, would constitute such a Default.

Appears in 2 contracts

Samples: Credit Agreement (Voyager Net Inc), Credit Agreement (Voyager Net Inc)

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Notice of Proceedings, Defaults, Adverse Change, Etc. Promptly (and in any event within five (5) days after the discovery by the Borrower thereof) give written notice to each of the Lenders Agent of (a) any proceedings instituted or threatened in writing against it by or in any federal, state or local court or before any commission or other regulatory body, whether federal, state or local which local, including without limitation the FCC, which, if adversely determined, could reasonably be expected to have a Material Adverse Effect; (b) any notices of default received by any Company (together with copies thereof, if requested by any Lender) with respect to (i) any alleged default under or violation of any of its material licenses, permits or franchises (including the Licenses), any Tower Site Lease, or any other material agreement (including without limitation the Indenture, the Senior Notes and any material agreement Acquisition Document) to which it is a party, or (ii) any alleged default with respect to, or acceleration or other action under any evidence of material Indebtedness of any Company or any mortgage, indenture or other agreement relating thereto; (c) (i) any notice of any material violation or administrative or judicial complaint or order filed or to be filed against any Company and/or any real property owned or leased by it alleging any material violations of any law, ordinance and/or regulation or requiring it to take any action in connection with the release and/or clean-up of any Hazardous Materials, or (ii) any notice from any governmental govenmental body or other Person alleging that any Company is or may be liable for costs associated with a release or clean-up of any Hazardous Materials or any damages resulting from such release; (d) any event of dissolution; (e) any change in the condition, financial or otherwise, of any Company or Parent Company which is reasonably likely to could have a Material Adverse Effect; or (fe) the occurrence of any Default or the occurrence Event of any event which, upon notice or lapse of time or both, would constitute such a Default.

Appears in 2 contracts

Samples: Credit Agreement (Acme Intermediate Holdings LLC), Credit Agreement (Acme Television LLC)

Notice of Proceedings, Defaults, Adverse Change, Etc. Promptly (and in any event within five ten (510) days Business Days after the discovery by the a Borrower thereof) give written notice to each of the Lenders of (a) any proceedings instituted or threatened against it in writing against it by or in any federal, state or local court or before any commission or other regulatory body, whether federal, state or local which (including, without limitation, any Specified Authority), which, if adversely determined, could reasonably be expected to have a Material Adverse Effect; (b) any notices of default received by any Company each Borrower (together with copies thereof, if requested by any Lender) with respect to (i) any alleged default under or violation of any of its material licenses, permits or franchises (franchises, including any License, or any material agreement to which it is a party, or (ii) any alleged default with respect to, or redemption or acceleration or other action under any evidence of agreement or instrument relating to any material Indebtedness of any Company each Borrower or any mortgage, indenture or other agreement relating theretosimilar agreement; (c) (i) any notice of any material violation or administrative or judicial complaint or order filed or to be filed against any Company each Borrower and/or any real property owned or leased by it alleging any material violations violation of any law, ordinance and/or regulation Environmental Law or requiring it to take any action in connection with the release and/or clean-up of any Hazardous Materials, or (ii) any notice from any governmental body or other Person alleging that any Company each Borrower is or may be liable for costs associated with a release or clean-up of any Hazardous Materials or any damages resulting from such release; (d) any event of dissolution; (e) any change in the condition, financial or otherwise, of any Company Borrower which is reasonably likely to could have a Material Adverse Effect; or and (fe) the occurrence of any Default or the occurrence of any event which, upon notice or lapse of time or both, would constitute such a Default.

Appears in 2 contracts

Samples: Credit Agreement (Coconut Palm Acquisition Corp.), Credit Agreement (Coconut Palm Acquisition Corp.)

Notice of Proceedings, Defaults, Adverse Change, Etc. Promptly (and in any event within five (5) days after the discovery by the Borrower thereof) give written notice to each of the Lenders Lender of (a) any proceedings instituted or threatened in writing against it by or in any federal, state or local court or before any commission or other regulatory body, whether federal, state or local local, including without limitation the FAA, which could reasonably be expected to have a Material Adverse Effect; (b) any material misrepresentation, breach of warranty or covenant or other default under any material agreement; (c) any notices of default received by any Company the Borrower (together with copies thereof, if requested by any Lender) with respect to (i) any alleged default under or violation of any of its material licenses, permits or franchises (including or any other material agreement to which it is a party, or (ii) any alleged default with respect to, or acceleration or other action under any evidence of material Indebtedness of any Company the Borrower or any mortgage, indenture or other agreement relating thereto; (cd) (i) any notice of any violation or administrative or judicial complaint or order filed or to be filed against any Company the Borrower and/or any real property owned or leased by it its alleging any material violations of any law, ordinance and/or regulation or requiring it to take any action in connection with the release and/or anc/or clean-up of any Hazardous Materials, or (ii) any notice from any governmental body or other Person alleging that any Company company is or may be liable for costs associated with a release or clean-up of any Hazardous Materials or any damages resulting from such release; (d) any event of dissolution; (e) any change in the condition, financial or otherwise, of any Company which is reasonably likely to have a Material Adverse Effect; or (f) the occurrence of any Default or the occurrence of any event which, upon notice or lapse of time or both, would constitute such a Default.such

Appears in 1 contract

Samples: Credit Agreement (Midway Airlines Corp)

Notice of Proceedings, Defaults, Adverse Change, Etc. Promptly (and in any event within five (5) days after the discovery by the Borrower thereof) give written notice to each of the Lenders of (a) any proceedings instituted or threatened in writing against it by or in any federal, state or local court or before any commission or other regulatory body, whether federal, state or local which (including without limitation any Specified Authority), which, if adversely determined, could reasonably be expected to have a Material Adverse Effect; (b) any notices of default received by any Company (together with copies thereof, if requested by any Lender) with respect to (i) any alleged default under or violation of any of its material licenses, permits or franchises (franchises, including any FCC License or CATV Franchise, or under any DBS Agreement or other material agreement to which it is a party, or (ii) any alleged default with respect to, or redemption or acceleration or other action under under, the PCC Preferred Stock Designation, the Subordinated Debt Documents, any Permitted Seller Debt or Permitted Seller Subordinated Debt, any material Acquisition Agreement or any evidence of material Indebtedness of any Company or any mortgage, indenture or other agreement relating thereto; (c) (i) any notice of any material violation or administrative or judicial complaint or order filed or to be filed against any Company and/or any real property owned or leased by it alleging any material violations of any law, ordinance and/or regulation or requiring it to take any action in connection with the release and/or clean-up of any Hazardous Materials, or (ii) any notice from any governmental body or other Person alleging that any Company is or may be liable for costs associated with a release or clean-up of any Hazardous Materials or any damages resulting from such release; (d) any event of dissolution; (e) any change in the condition, financial or otherwise, of any Company or any Parent Affiliate which is reasonably likely to could have a Material Adverse Effect; or (fe) the occurrence of any Default or the occurrence of any event which, upon notice or lapse of time or both, would constitute such a Default.

Appears in 1 contract

Samples: Credit Agreement (Pegasus Communications Corp)

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Notice of Proceedings, Defaults, Adverse Change, Etc. Promptly (and in any event within five (5) days after the discovery by the Borrower thereof) give written notice to each of the Lenders of (a) any proceedings instituted or threatened in writing against it by or in any federal, state or local court or before any commission or other regulatory body, whether federal, state or local which local, including without limitation the FCC, which, if adversely determined, could reasonably be expected to have a Material Adverse Effect; (b) any notices of default received by any Company (together with copies thereof, if requested by any Lender) with respect to (i) any alleged default under or violation of any of its material licenses, permits or franchises (including the Franchises and the Licenses), any Headend Site Lease or Tower Site Lease, any DBS Agreement or any other material agreement to which it is a party, or (ii) any alleged default with respect to, or acceleration or other action under under, the Subordinated Debt Documents or any other evidence of material Indebtedness of any Company or any mortgage, indenture or other agreement relating thereto; (c) (i) any notice of any material violation or administrative or judicial complaint or order filed or to be filed against any Company and/or any real property owned or leased by it alleging any material violations of any law, ordinance and/or regulation or requiring it to take any action in connection with the release and/or clean-up of any Hazardous Materials, or (ii) any notice from any governmental body or other Person alleging that any Company is or may be liable for costs associated with a release or clean-up of any Hazardous Materials or any damages resulting from such release; (d) any event of dissolution; (e) any change in the condition, financial or otherwise, of any Company which is reasonably likely to could have a Material Adverse Effect; or (fe) the occurrence of any Default or the occurrence of any event which, upon notice or lapse of time or both, would constitute such a Default.

Appears in 1 contract

Samples: Credit Agreement (Pegasus Communications Corp)

Notice of Proceedings, Defaults, Adverse Change, Etc. Promptly (and in any event within five (5) days after the discovery by the Borrower thereof) give written notice to each of the Lenders of (a) any proceedings proceedings, other than rulemakings of general applicability to the location monitoring service industry, instituted or threatened in writing against it by or in any federal, state or local court or before any commission or other regulatory body, whether federal, state or local which local, including without limitation the FCC, which, if adversely determined, could reasonably be expected to have a Material Adverse Effect; (b) any notices of default received by any Company (together with copies thereof, if requested by any Lender) with respect to (i) any alleged default under or violation of any of its material licenses, permits or franchises (including the FCC Licenses), the Tadiran Agreements or any other material agreement to which it is a party, or (ii) any alleged default with respect to, or redemption or acceleration or other action under under, the Preferred Stock Provisions, the Senior Note Indenture or the Senior 14% Notes or any other evidence of material Indebtedness of any Company or any mortgage, indenture or other agreement relating thereto; (c) (i) any notice of any material violation or administrative or judicial complaint or order filed or to be filed against any Company and/or any real property owned or leased by it alleging any material violations of any law, ordinance and/or regulation or requiring it to take any action in connection with the release and/or clean-up of any Hazardous Materials, or (ii) any notice from any governmental body or other Person alleging that any Company is or may be liable for costs associated with a release or clean-up of any Hazardous Materials or any damages resulting from such release; (d) any event of dissolution; (e) any change in the condition, financial or otherwise, of any Company which is reasonably likely to could have a Material Adverse Effect; or (fe) the occurrence of any Default or the occurrence Event of any event which, upon notice or lapse of time or both, would constitute such a Default.

Appears in 1 contract

Samples: Credit Agreement (Teletrac Inc /De)

Notice of Proceedings, Defaults, Adverse Change, Etc. Promptly (and in any event within five (5) days after the discovery by the Borrower thereof) give written notice to each of the Lenders of (a) any proceedings instituted or threatened in writing against it by or in any federal, state or local court or before any commission or other regulatory body, whether federal, state or local which (including without limitation any Specified Authority), which, if adversely determined, could reasonably be expected to have a Material Adverse Effect; (b) any notices of default received by any Company (together with copies thereof, if requested by any Lender) with respect to (i) any alleged default under or violation of any of its material licenses, permits or franchises (franchises, including any FCC License or CATV Franchise, or under any DBS Agreement or other material agreement to which it is a party, or (ii) any alleged default with respect to, or redemption or acceleration or other action under under, the PCC Preferred Stock Designation, the Subordinated Debt Documents, any Permitted Seller Debt or Permitted Seller Subordinated Debt, any material Acquisition Agreement or any evidence of material Indebtedness of any Company or any mortgage, indenture or other agreement relating thereto; (c) (i) any notice of any material violation or administrative or judicial complaint or order filed or to be filed against any Company and/or any real property owned or leased by it alleging any material violations of any law, ordinance and/or regulation or requiring it to take any action in connection with the release and/or clean-up of any Hazardous Materials, or (ii) any notice from any governmental body or other Person alleging that any Company is or may be liable for costs associated with a release or clean-up of any Hazardous Materials or any damages resulting from such release; (d) any event of dissolution; (e) any change in the condition, financial or otherwise, of any Company or the Parent which is reasonably likely to have has, or could have, a Material Adverse Effect; or (fe) the occurrence of any Default or the occurrence of any event which, upon notice or lapse of time or both, would constitute such a Default.

Appears in 1 contract

Samples: Credit Agreement (Pegasus Communications Corp)

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