Common use of Notices of Adverse Events Clause in Contracts

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.

Appears in 4 contracts

Samples: Revolving Credit Agreement (MCG Capital Corp), Revolving Credit Agreement (MCG Capital Corp), Revolving Credit Agreement (MCG Capital Corp)

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Notices of Adverse Events. Borrower shall promptly notify Agent Lender in writing upon becoming aware of the occurrence of (i) any Event of Default, or (ii) a violation of Section 7.2(a) or §8.2(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.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (MCG Capital Corp)

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