Common use of Notice to Agent and the Lenders Clause in Contracts

Notice to Agent and the Lenders. (a) Loan Parties shall promptly (but in any event within five (5) days after a Responsible Officer of a Loan Party obtains Knowledge) provide Agent and each Lender with written notice of (i) the occurrence of any Default or Event of Default, (ii) the commencement of, or any material development in, any litigation or proceeding affecting any Loan Party or any of its Subsidiaries or its respective Property (A) in which the amount of damages claimed is $250,000 or more, (B) which could reasonably be expected to have a Material Adverse Effect or (C) in which the relief sought is an injunction or other stay of performance of any Loan Document, and (iii) any amendments to (and copies of all statements, reports and notices (other than non-material Loan and Security Agreement - Amedica statements, reports and notices delivered in the ordinary course of business) delivered to or by a Loan Party in connection with) any Material Agreement or any Loan Party entering into any Material Agreement or any termination or material breach thereof.

Notice to Agent and the Lenders. (a) Each Loan Parties Party shall promptly (but in any event within five three (53) days Business Days after a Responsible Officer of a Loan Party obtains Knowledgebecomes aware) provide Agent and each Lender with written notice of (i) the occurrence of any Default or Event of Default, (ii) the commencement of, or any material development in, any litigation or proceeding affecting any Loan Party or any of its Subsidiaries or its respective Property (A) in which the amount of damages claimed is $250,000 or more, (B) which could reasonably be expected to have a Material Adverse Effect or (C) in which the relief sought is an injunction or other stay of performance of any Loan Document or Warrant Document, and (iii) any material amendments to (and copies of all statements, reports and notices (other than non-material Loan and Security Agreement - Amedica statements, reports and notices delivered in the ordinary course of business) delivered to or by a Loan Party in connection with) with any Material Agreement or any Loan Party entering into any Material Agreement or any termination or material breach thereof; and (iv) the occurrence of any ERISA Event that could reasonably be expected to result in liability to any Loan Party in excess of $500,000.

Notice to Agent and the Lenders. (a) Loan Parties shall promptly (but in any event within five (5) days after a Responsible Officer of a Loan Party obtains Knowledge) provide Agent and each Lender with written notice of (i) the occurrence of any Default or Event of Default, (ii) the commencement of, or any material development in, any litigation or proceeding affecting any Loan Party or any of its Subsidiaries or its respective Property (A) in which the amount of damages claimed is $250,000 or more, (B) which could reasonably be expected to have a Material Adverse Effect or (C) in which the relief sought is an injunction or other stay of performance of any Loan Document, and (iii) any amendments to (and copies of all statements, reports and notices (other than non-material Loan and Security Agreement - Amedica statements, reports and notices delivered in the ordinary course of business) delivered to or by a Loan Party in connection with) any Material Agreement or any Loan Party entering into any Material Agreement or any termination or material breach thereof.

Notice to Agent and the Lenders. (a) Each Loan Parties Party shall promptly (but in any event within five three (53) days Business Days after a Responsible Officer of a Loan Party obtains Knowledgebecomes aware) provide Agent and each Lender with written notice of (i) the occurrence of any Default or Event of Default, (ii) the commencement of, or any material development in, any litigation or proceeding affecting any Loan Party or any of its Subsidiaries or its respective Property (A) in which the amount of damages claimed is $250,000 or more, (B) which could reasonably be expected to have a Material Adverse Effect or (C) in which the relief sought is an injunction or other stay of performance of any Loan Document, and (iii) any material amendments to (and copies of all statements, reports and notices (other than non-material Loan and Security Agreement - Amedica statements, reports and notices delivered in the ordinary course of business) delivered to or by a Loan Party in connection with) any Material Agreement or any Loan Party entering into any Material Agreement or any termination or material breach thereof.

Notice to Agent and the Lenders. (ae) Loan Parties shall promptly (but in any event within five three (53) days after a Responsible Officer an officer of a Loan Party obtains Knowledgebecomes aware) provide Agent and each Lender with written notice of (i) the occurrence of any Default or Event of Default, (ii) the commencement of, or any material development in, any litigation or proceeding affecting any Loan Party or any of its Subsidiaries or its respective Property (A) in which the amount of damages claimed is $250,000 *** or more, (B) which could reasonably be expected to have a Material Adverse Effect or (C) in which the relief sought is an injunction or other stay of performance of any Loan Document, (iii) any Accounts owing by any Account Debtor and its Affiliates to the Loan Parties and their respective Subsidiaries exceeding *** of all Accounts owing by all Account Debtors as of any date, and (iiiiv) any amendments to (and copies of all statements, reports and notices (other than non-material Loan and Security Agreement - Amedica statements, reports and notices delivered in the ordinary course of business) delivered to or by a Loan Party in connection with) any Material Agreement or any Loan Party entering into any Material Agreement or any termination or material breach thereof.

Notice to Agent and the Lenders. (a) Loan Parties shall promptly (but in any event within five (5) days Business Days after a Responsible Officer an officer of a Loan Party obtains Knowledgebecomes aware) provide Agent and each Lender with written notice of (i) the occurrence of any Default or Event of Default, (ii) the commencement of, or any material development in, any litigation or proceeding affecting any Loan Party or any of its Subsidiaries or its respective Property (A) in which the amount of damages claimed is $250,000 500,000 or more, (B) which could reasonably be expected to have a Material Adverse Effect or (C) in which the relief sought is an injunction or other stay of performance of any Loan Document, and (iii) any amendments to (and copies of all statements, reports and notices (other than non-material Loan and Security Agreement - Amedica statements, reports and notices delivered in the ordinary course of business) delivered to or by a Loan Party in connection with) any Material Agreement or any Loan Party entering into any Material Agreement or any termination or material breach thereof, (iv) the consummation of the Permitted Dissolutions or any part thereof and (v) concurrently with the delivery of any documents or information delivered to any holder of Subordinated Indebtedness, copies of such documents or information.