Common use of Notices of Claims, Litigation, Defaults, etc Clause in Contracts

Notices of Claims, Litigation, Defaults, etc. Promptly inform the Bank in writing of: (1) all existing and threatened litigation, claims, investigations, administrative proceedings and similar actions or changes in Legal Requirements affecting it, of which it has knowledge, and could materially affect its business, assets, affairs, prospects or financial condition; (2) the occurrence of any event which gives rise to the Bank's option to terminate the Credit Facilities; (3) any additions to or changes in the locations of its businesses; and (4) any alleged breach by the Bank of any provision of this agreement or of any other Related Document.

Appears in 4 contracts

Samples: Credit Agreement (Northern Technologies International Corp), Credit Agreement (Tandy Leather Factory Inc), Credit Agreement (Friedman Industries Inc)

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Notices of Claims, Litigation, Defaults, etc. Promptly inform the Bank in writing of: (1) all existing and threatened litigation, claims, investigations, administrative proceedings and similar actions or changes in Legal Requirements directly affecting it, of which it has knowledge, and could that would reasonably be expected to have a materially affect adverse effect on its business, assets, affairs, prospects or financial condition; (2) the occurrence of any event which gives rise to the Bank's option to terminate the Credit Facilities; (3) any additions to or changes in the locations of its businesses; and (4) any alleged breach by the Bank of any provision of this agreement or of any other Related Document.

Appears in 1 contract

Samples: Credit Agreement (Charles & Colvard LTD)

Notices of Claims, Litigation, Defaults, etc. Promptly inform the Bank in writing of: of (1) all existing and all threatened litigation, claims, investigations, administrative proceedings and similar actions or changes in Legal Requirements affecting it, of the Borrower which it has knowledge, and could materially affect its business, assets, affairs, prospects or financial conditionhave a Material Adverse Effect; (2) the occurrence of any event which gives rise to the Bank's ’s option to terminate the Credit Facilities; and (3) any additions to or changes in the locations of its businesses; and (4) any alleged breach by the Bank of any provision of this agreement or of any other Related Documentagreement related to the Credit Facilities by the Bank.

Appears in 1 contract

Samples: Credit Agreement (Harris Interactive Inc)

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Notices of Claims, Litigation, Defaults, etc. Promptly inform the Bank in writing of: (1) all existing and threatened litigation, claims, investigations, administrative proceedings and similar actions or changes in Legal Requirements affecting it, of which it has knowledge, and could materially affect its business, assets, affairs, prospects or financial condition; (2) the occurrence of any event which gives rise to the Bank's ’s option to terminate the Credit Facilities; (3) any additions to or changes in the locations of its businesses; and (4) any alleged breach by the Bank of any provision of this agreement or of any other Related Document.

Appears in 1 contract

Samples: Credit Agreement (Satellogic Inc.)

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