Common use of Notice to the Treasury Clause in Contracts

Notice to the Treasury. The Financial Agent shall promptly notify the Treasury if (i) the Financial Agent becomes aware of any loss, damage, investigation, action, proceeding or claim related to its performance under this FAA that may have a material adverse effect on the Treasury or the United States or that may damage the public’s trust in the operations of the Treasury, (ii) the Financial Agent breaches any material obligation or condition of this FAA, (iii) any representation or warranty made by the Financial Agent herein is or becomes materially false, incorrect, or incomplete, or (iv) the Financial Agent is in default under this FAA.

Notice to the Treasury. The Financial Agent shall promptly notify the Treasury if (i) the Financial Agent becomes aware of any loss, damage, investigation, action, proceeding proceeding, or claim related to its performance under this FAA that may have a material adverse effect on the Treasury or the United States or that may damage the public’s trust in the operations of the Treasury, (ii) the Financial Agent breaches any material obligation or condition of this FAA, or (iii) any representation or warranty made by the Financial Agent herein is or becomes materially false, incorrect, or incomplete, or (iv) the Financial Agent is in default under this FAA.