Common use of Notice to Lender Clause in Contracts

Notice to Lender. Promptly give written notice to Lender of: (a) Any litigation or administrative or regulatory proceeding affecting Borrower where the amount claimed against Borrower is at the Threshold Amount or more, or where the granting of the relief requested could reasonably be expected to have a Material Adverse Effect; or of the acquisition by Borrower of any commercial tort claim, including brief details of such claim and such other information as Lender may reasonably request to enable Lender to better perfect its Lien in such commercial tort claim as Collateral. (b) Any dispute which may exist between Borrower and any governmental or regulatory authority, which could reasonably be expected to have a Material Adverse Effect. (c) The occurrence of any Default or any Event of Default. (d) Any change in the location of any of Borrower’s places of business or a material portion of the Collateral at least fifteen (15) days in advance of such change, or of the establishment of any new, or the discontinuance of any existing, place of business; provided, however on the day of any such notice, the information set forth in such notice shall be deemed to be part of the Supplement with no further action by either party. (e) Any dispute or default by Borrower or any other party under any joint venture, partnering, distribution, cross-licensing, strategic alliance, collaborative research or manufacturing, license or similar agreement which could reasonably be expected to have a Material Adverse Effect. (f) Any other matter which has resulted or could reasonably be expected to result in a Material Adverse Change. (g) Any Subsidiary Borrower intends to acquire or create on or after the Closing Date.

Notice to Lender. Promptly give written notice to Lender of: (a) Any litigation or administrative or regulatory proceeding affecting Borrower where the amount claimed against Borrower is at the Threshold Amount or more, or where the granting of the relief requested could reasonably be expected to have a Material Adverse Effect; or of the acquisition by Borrower of any commercial tort claim, including brief details of such claim and such other information as Lender may reasonably request to enable Lender to better perfect its Lien in such commercial tort claim as Collateral. (b) Any dispute which may exist between Borrower and any governmental or regulatory authorityauthority which, which if determined adversely to Borrower, could reasonably be expected to have a Material Adverse Effect. (c) The occurrence of any Default or any Event of DefaultDefault after Borrower has knowledge or becomes aware thereof. (d) Any change in the location of any of Borrower’s places of business or a material portion Collateral with an aggregate value in excess of $25,000 (not including moveable items of Equipment in the Collateral possession of Borrower’s employees, such as laptops, monitors, printers and cell phones) at least fifteen ten (1510) days in advance of such change, or of the establishment of any new, or the discontinuance of any existing, place of business; provided, however on the day of any such notice, the information set forth in such notice shall be deemed to be part of the Supplement with no further action by either party. (e) . Any dispute or default by Borrower or any other party under any joint venture, partnering, distribution, cross-licensing, strategic alliance, collaborative research or manufacturing, license or similar agreement which could reasonably be expected to have a Material Adverse Effect. (fe) Any other matter which has resulted or could reasonably be expected to result in a Material Adverse Change. (gf) Any Subsidiary Borrower intends to acquire or create on or after create. (g) Any change in the Closing Datecapital structure of the Borrower, along with a revised and updated capital structure summary.

Notice to Lender. Promptly give written notice to Lender of: (a) Any litigation or administrative or regulatory proceeding affecting Borrower where the amount claimed against Borrower is at the Threshold Amount or more, or where the granting of the relief requested could reasonably be expected to have a Material Adverse Effect; or of the acquisition by Borrower of any commercial tort claim, including brief details of such claim and such other information as Lender may reasonably request to enable Lender to better perfect its Lien in such commercial tort claim as Collateral. (b) Any substantial dispute which may exist between Borrower and any governmental or regulatory authority, which could reasonably be expected to have a Material Adverse Effect. (c) The occurrence of any Default or any Event of Default. (d) Any change in the location of any of Borrower’s places of business or a material portion of the Collateral at least fifteen thirty (1530) days in advance of such change, or of the establishment of any new, or the discontinuance of any existing, place of business; provided, however on the day of any such notice, the information set forth in such notice shall be deemed to be part of the Supplement with no further action by either party. (e) Any dispute or default by Borrower or any other party under any joint venture, partnering, distribution, cross-licensing, strategic alliance, collaborative research or manufacturing, license or similar agreement which could reasonably be expected to have a Material Adverse Effect. (f) Any other matter which has resulted or could might reasonably be expected to result in a Material Adverse Change. (g) Any Subsidiary Borrower intends to acquire or create on create. (h) The occurrence of any default or after the Closing Dateevent of default (howsoever defined) under any document evidencing or executed or delivered in connection with Borrower’s Indebtedness and obligations to Bank or if Borrower fails or neglects to perform, keep or observe any term, provision, condition, covenant or agreement contained in any document evidencing or executed or delivered in connection with Xxxxxxxx’s Indebtedness and obligations to Bank.

Notice to Lender. Promptly give written notice to Lender of: (a) Any litigation or administrative or regulatory proceeding affecting Borrower where the amount claimed against Borrower is at the Threshold Amount or more, or where the granting of the relief requested could reasonably be expected to have a Material Adverse Effect; or of the acquisition by Borrower of any commercial tort claim, including brief details of such claim and such other information as Lender may reasonably request to enable Lender to better perfect its Lien in such commercial tort claim as Collateral. (b) Any substantial dispute which may exist between Borrower and any governmental or regulatory authorityauthority which, which if adversely determined, could reasonably be expected to have result in a Material Adverse Effect.Change (c) The occurrence of any Default or any Event of Default. (d) Any change in the location of any of Borrower’s places of business or a material portion of the Collateral at least fifteen thirty (1530) days in advance of such change, or of the establishment of any new, or the discontinuance of any existing, place of business; provided, however on the day of any such notice, the information set forth in such notice shall be deemed to be part of the Supplement with no further action by either party. (e) Any dispute or default by Borrower or any other party under any joint venture, partnering, distribution, cross-licensing, strategic alliance, collaborative research or manufacturing, license or similar agreement which could reasonably be expected to have a Material Adverse Effect. (f) Any other matter which has resulted or could might reasonably be expected to result in a Material Adverse Change. (g) Any Subsidiary Borrower intends to acquire or create on or after the Closing Datecreate.

Notice to Lender. Promptly give written notice to Lender of: (a) Any litigation or administrative or regulatory proceeding affecting Borrower where the amount claimed against Borrower is at two times the Threshold Amount or more, or where the granting of the relief requested could reasonably be expected to have a Material Adverse Effect; or of the acquisition by Borrower of any commercial tort claim, including brief details of such claim and such other information as Lender may reasonably request to enable Lender to better perfect its Lien in such commercial tort claim as Collateral. (b) Any substantial dispute which may exist between Borrower and any governmental or regulatory authority, which authority that could reasonably be expected to have result in a Material Adverse Effect. (c) The occurrence of any Default or any Event of Default. (d) Any change in the location of any of Borrower’s places of business or a material portion of the Collateral at least fifteen thirty (1530) days in advance of such changechange (or, if less, as soon as reasonably practical), or of the establishment of any new, or the discontinuance of any existing, place of business; provided, however on the day of any such notice, the information set forth in such notice shall be deemed to be part of the Supplement with no further action by either party. (e) Any dispute or default by Borrower or any other party under any joint venture, partnering, distribution, cross-licensing, strategic alliance, collaborative research or manufacturing, license or similar agreement which could reasonably be expected to have a Material Adverse Effect. (f) Any other matter which has resulted or could reasonably be expected to result in a Material Adverse Change. (g) Any Subsidiary Borrower intends to acquire or create on or after the Closing Datecreate.

Notice to Lender. Promptly give written notice to Lender of: (a) Any litigation or administrative or regulatory proceeding affecting Borrower where the amount claimed against Borrower is at the Threshold Amount or more, or where the granting of the relief requested could reasonably be expected to have a Material Adverse Effect; or of the acquisition by Borrower of any commercial tort claim, including brief details of such claim and such other information as Lender may reasonably request to enable Lender to better perfect its Lien in such commercial tort claim as Collateral. (b) Any substantial dispute which may exist between Borrower and any governmental or regulatory authority, authority which could reasonably be expected to have a Material Adverse Effect. (c) The occurrence of any Default or any Event of Default. (d) Any change in the location of any of Borrower’s places of business or a material portion of the Collateral at least fifteen thirty (1530) days in advance of such change, or of the establishment of any new, or the discontinuance of any existing, place of business; provided, however on the day of any such notice, the information set forth in such notice shall be deemed to be part of the Supplement with no further action by either party. (e) Any dispute or default by Borrower or any other party under any joint venture, partnering, distribution, cross-licensing, strategic alliance, collaborative research or manufacturing, license or similar agreement which could reasonably be expected to have a Material Adverse Effect. (f) Any other matter which has resulted or could might reasonably be expected to result in a Material Adverse Change. (g) Any Subsidiary Borrower intends to acquire or create on create. (h) Any Deposit Account or securities/investment account that Borrower establishes after the Closing Date.

Notice to Lender. Promptly give written notice to Lender of: (a) Any litigation or administrative or regulatory proceeding affecting any Borrower where the amount claimed against such Borrower is at the Threshold Amount or more, or where the granting of the relief requested could reasonably be expected to have a Material Adverse Effect; or of the acquisition by any Borrower of any commercial tort claim, including brief details of such claim and such other information as Lender may reasonably request to enable Lender to better perfect its Lien in such commercial tort claim as Collateral. (b) Any substantial dispute which may exist between any Borrower and any governmental or regulatory authorityauthority which, which if adversely determined, could reasonably be expected to have result in a Material Adverse EffectChange. (c) The occurrence of any Default or any Event of Default. (d) Any change in the location of any of Borrower’s places of business or a material portion of the Collateral at least fifteen thirty (1530) days in advance of such change, or of the establishment of any new, or the discontinuance of any existing, place of business; provided, however on the day of any such notice, the information set forth in such notice shall be deemed to be part of the Supplement with no further action by either party. (e) Any dispute or default by any Borrower or any other party under any joint venture, partnering, distribution, cross-licensing, strategic alliance, collaborative research or manufacturing, license or similar agreement which could reasonably be expected to have a Material Adverse Effect. (f) Any other matter which has resulted or could reasonably be expected to result in a Material Adverse Change. (g) Any Subsidiary that any Borrower intends to acquire or create create. (h) The occurrence of any default or any event of default (howsoever defined) under the lease for 1000 Xxxxxx Xxxx, Xxxxx H, Austin TX 78758 or the enforcement or attempted enforcement by the landlord thereof of its Liens on or after the Closing DateCollateral located there.