Common use of Notice to Secured Party Clause in Contracts

Notice to Secured Party. To notify Secured Party promptly of: (i) any significant change in the information contained herein or in the schedules hereto relating to Debtor, Debtor's business or Collateral; (ii) the details of any significant acquisition of Collateral; the details of any claims or litigation of a material nature affecting Debtor or Col­lateral; (iii) any material loss of or damage to Collateral; (iv) any default by any account debtor in payment or other performance of obligations hereunder; and (v) the return to or repossession by Debtor of Collateral.

Notice to Secured Party. To notify Secured Party promptly of: (i) : any significant change in the information contained herein or in the schedules hereto relating to Debtor, Debtor's business or Collateral; (ii) ; the details of any significant acquisition of Collateral; the details of any claims or litigation of a material nature affecting Debtor or Col­lateral; (iii) ; any material loss of or damage to Collateral; (iv) ; any default by any account debtor in payment or other performance of obligations hereunder; and (v) and the return to or repossession by Debtor of Collateral.