Notices of Adverse Events. Borrower shall promptly notify Agent in writing upon becoming aware of the occurrence of (i) any Event of Default, or (ii) a violation of Section 7.2(a) or (iii) any event of default by Borrower under any material agreement to which Borrower is a party or to which any of its material properties or assets are bound, except to the extent such event of default under such agreement could not, with reasonable likelihood, be expected to have a Materially Adverse Effect.
Notices of Adverse Events. Promptly inform the Bank of the occurrence of any Event of Default or of any claim which is reasonably expected to exceed any applicable insurance coverage limits by more than $300,000 or of any event (including without limitation any pending or threatened litigation or other proceedings before any governmental body or agency) which could reasonably be expected to have a material adverse effect upon the Borrower’s or Guarantor’s (and their respective subsidiaries) business, properties, financial condition or ability to comply with their respective obligations under the Loans.
Notices of Adverse Events. Promptly inform Bank of the occurrence of an Event of Default, or any event (including, without limitation, any pending or threatened litigation or other proceedings before any governmental body or agency) which could reasonably be expected to have a Material Adverse Effect upon Borrower’s business, properties, financial condition or ability to comply with its obligations under the Loan Documents.
Notices of Adverse Events. Furnish Lender with prompt notice of (a) any lapse or other termination of any consent, license or permit issued to Borrower by any Governmental Body or any other Person that is material to the operation of Borrower's business, (b) any refusal by any Governmental Body or any other Person to renew or extend any such consent, license or permit; and (c) copies of any periodic or special reports filed by Borrower with any Governmental Body or Person, if such reports indicate any material change in the business, operations, affairs or condition of any Borrower, or if copies thereof are requested by Lender or any Lender, and (d) copies of any notices and other communications from any Governmental Body which relate to Borrower.
Notices of Adverse Events. Borrower shall deliver to Lender (i) promptly (and in any event within five (5) days) after obtaining knowledge thereof, notice of the occurrence of any Event of Default; and (ii) promptly (and in any event within five (5) days after Borrower obtains knowledge thereof thereafter), notice of (I) the institution of any litigation involving Borrower or its assets which (A) seeks liabilities, damages or the like in excess of $100,000, (B) obtains injunctive relief, (C) is asserted or instituted against any ERISA plan, its fiduciaries, or its assets, (D) involves suspicion of criminal misconduct by Borrower or its officers, (E) involves suspicion of the violation of, or seeks to impose remedies under, any Environmental Law, (F) asserts liability on the part of Borrower in excess of $100,000 in respect of any Tax, fee, assessment, or other governmental charge, or (G) involves any product recall of products purchased and sold by Borrower; (II) any claim, action or proceeding challenging a Lien granted to Lender; (III) any claims or demands by any Governmental Authority or Person with respect to any environmental law or hazardous material involving Borrower or any property of Borrower; or (IV) any event which has caused or would reasonably expected to result in a Material Adverse Effect.
Notices of Adverse Events. Furnish Lenders with prompt notice of (a) any lapse or other termination of any consent, license or permit issued to Debtor by any Governmental Body or any other Person that is material to the operation of Debtor’s business, (b) any refusal by any Governmental Body or any other Person to renew or extend any such consent, license or permit; and (c) copies of any periodic or special reports filed by Debtor with any Governmental Body or Person, if such reports indicate any material change in the business, operations, affairs or condition of any Debtor, or if copies thereof are requested by Lenders or any Lenders, and (d) copies of any notices and other communications from any Governmental Body which relate to Debtor.
Notices of Adverse Events. Borrower shall promptly (and in any event within five (5) Business Days) notify Agent in writing upon becoming aware of the occurrence of (i) any Event of Default, or (ii) any event of default by Borrower under any material agreement to which Borrower is a party or to which any of its material properties or assets are bound, except to the extent such event of default under such agreement could not, with reasonable likelihood, be expected to have a Materially Adverse Effect.
Notices of Adverse Events. Promptly inform Standard Federal of the occurrence of any Event of Default or of any event (including without limitation any pending or threatened litigation or other proceedings before any governmental body or agency) which could have a material adverse effect upon the Borrower's business, properties, financial condition or ability to comply with its obligations under the Loans.
Notices of Adverse Events. All Adverse Event reports should be provided: If to Alteon, to: Alteon Inc. 000 Xxxxxxxx Xxxxx Ramsey, New Jersey 07446 Attention: Xxxxxxx Xxxxxxxxxx, Senior Vice President, Development and Regulatory Affairs Telephone: (000) 000-0000 Telecopier: (000) 000-0000 If to Ganes, to: Ganes Chemicals Inc. 000 Xxxxx Xxxxxx Xxxxxxxxx, Xxx Xxxxxx 00000 Attention: Director, Custom Manufacturing Telephone: (000) 000-0000 Telecopier: (000) 000-0000/1907
Notices of Adverse Events. Promptly inform the Bank of the occurrence of any Event of Default or of any event (including without limitation any pending or threatened litigation or other proceedings before any governmental body or agency) which could have a material adverse effect upon the Borrower's business, properties, financial condition or ability to comply with its obligations under the Obligations.
