Common use of Notice Regarding Material Contracts Clause in Contracts

Notice Regarding Material Contracts. Promptly, and in any event within ten Business Days (i) after any Material Contract (which satisfies the criteria in clause (b) of the definition thereof) of Borrower or any of its Subsidiaries is terminated or amended in a manner that is materially adverse to Borrower or such Subsidiary, as the case may be, or (ii) any new Material Contract (which satisfies the criteria in clause (b) of the definition thereof) is entered into, a written statement describing such event, and upon request by Administrative Agent or Syndication Agent, copies of such material amendments or new contracts, delivered to Administrative Agent (to the extent such delivery is permitted by the terms of any such Material Contract, provided, no such prohibition on delivery shall be effective if it were bargained for by Borrower or its applicable Subsidiary with the intent of avoiding compliance with this Section 5.1(n)), and an explanation of any actions being taken with respect thereto;

Appears in 1 contract

Samples: Credit Agreement (Lehman Brothers Holdings Inc)

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Notice Regarding Material Contracts. Promptly, and in any event within ten Business Days (i) after any Material Contract (which satisfies the criteria in clause (b) of the definition thereof) of Borrower Holdings or any of its Subsidiaries is terminated or amended in a manner that is materially adverse to Borrower Holdings or such Subsidiary, as the case may be, or (ii) any new Material Contract (which satisfies the criteria in clause (b) of the definition thereof) is entered into, a written statement describing such event, and upon request by Administrative Agent or Syndication Agent, copies of such material amendments or new contracts, delivered to Administrative Agent (to the extent such delivery is permitted by the terms of any such Material Contract, provided, no such prohibition on delivery shall be effective if it were bargained for by Borrower Holdings or its applicable Subsidiary with the intent of avoiding compliance with this Section 5.1(n5.1(l)), and an explanation of any actions being taken with respect thereto;

Appears in 1 contract

Samples: Term Loan and Guaranty Agreement (Fedders Corp /De)

Notice Regarding Material Contracts. Promptly, and in any event ----------------------------------- within ten (10) Business Days (i) after any Material Contract (which satisfies the criteria in clause (b) of the definition thereof) of Borrower Company or any of its Restricted Subsidiaries is terminated prior to its scheduled term or amended in a manner that is materially adverse to Borrower Company or such Restricted Subsidiary, as the case may be, or (ii) any new Material Contract (which satisfies the criteria in clause (b) of the definition thereof) is entered into, a written statement describing such event, and upon request by Administrative Agent or Syndication Agent, with copies of such material amendments or new contracts, delivered to Administrative Agent (to the extent (1) such information is not disclosed or incorporated by reference in any filing with the Securities and Exchange Commission, and (2) such delivery is permitted by the terms of any such Material Contract, provided, no such prohibition on delivery shall be effective if it were bargained for by Borrower Company or its applicable Restricted Subsidiary with the intent of avoiding compliance with this Section 5.1(n5.1(o)), and an explanation of any actions being taken with respect thereto;

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Equinix Inc)

Notice Regarding Material Contracts. Promptly, and in any event within ten Business Days (i) after any Material Contract (which satisfies the criteria in clause (b) of the definition thereof) of Borrower Holdings or any of its Subsidiaries is terminated or amended in a manner that is materially adverse to Borrower Holdings or such Subsidiary, as the case may be, or (ii) any new Material Contract (which satisfies the criteria in clause (b) of the definition thereof) is entered into, a written statement describing such event, and upon request by Administrative Agent or Syndication Agent, copies of such material amendments or new contracts, delivered to Administrative Agent (to the extent such delivery is permitted by the terms of any such Material Contract, provided, no such prohibition on delivery shall be effective if it were bargained for by Borrower Holdings or its applicable Subsidiary with the intent of avoiding compliance with this Section 5.1(n5.1(m)), and an explanation of any actions being taken with respect thereto;

Appears in 1 contract

Samples: Revolving Loan and Guaranty Agreement (Fedders Corp /De)

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Notice Regarding Material Contracts. Promptly, and in any ----------------------------------- event within ten (10) Business Days (i) after any Material Contract (which satisfies the criteria in clause (b) of the definition thereof) of Borrower Company or any of its Restricted Subsidiaries is terminated prior to its scheduled term or amended in a manner that is materially adverse to Borrower Company or such Restricted Subsidiary, as the case may be, or (ii) any new Material Contract (which satisfies the criteria in clause (b) of the definition thereof) is entered into, a written statement describing such event, and upon request by Administrative Agent or Syndication Agent, with copies of such material amendments or new contracts, delivered to Administrative Agent (to the extent (1) such information is not disclosed or incorporated by reference in any filing with the Securities and Exchange Commission, and (2) such delivery is permitted by the terms of any such Material Contract, provided, no such prohibition on delivery shall be effective if it were bargained for by Borrower Company or its applicable Restricted Subsidiary with the intent of avoiding compliance with this Section 5.1(n5.1(o)), and an explanation of any actions being taken with respect thereto;

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Equinix Inc)

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