Notices of Claims, Litigation, Defaults, etc. Promptly inform the Bank in writing of (1) all existing and all threatened litigation, claims, investigations, administrative proceedings and similar actions affecting the Borrower which could materially affect its business, assets, affairs, prospects or financial condition of the Borrower or its Subsidiaries; (2) the occurrence of any event which gives rise to the Bank's option to terminate the Credit Facilities; (3) the institution of steps by the Borrower to withdraw from, or the institution of any steps to terminate, any employee benefit plan as to which the Borrower may have liability; (4) any reportable event or any prohibited transaction in connection with any employee benefit plan; (5) any additions to or changes in the locations of the Borrower's or any of the Borrower's or Subsidiary's businesses; and (6) any alleged breach of any provision of this agreement or of any other agreement related to the Credit Facilities by the Bank.
Appears in 3 contracts
Samples: Credit Agreement (Advanced Materials Group, Inc.), Credit Agreement (Tandy Leather Factory Inc), Credit Agreement (Mace Security International Inc)
Notices of Claims, Litigation, Defaults, etc. Promptly inform the Bank in writing of (1) all existing and all threatened litigation, claims, investigations, administrative proceedings and similar actions affecting the Borrower or any Subsidiary, which could materially affect its business, assets, affairs, prospects or the financial condition of the Borrower or its Subsidiariesany Subsidiary; (2) the occurrence of any event which gives rise to the Bank's ’s option to terminate the Credit Facilities; (3) the institution of steps by the Borrower or any Subsidiary to withdraw from, or the institution of any steps to terminate, any employee benefit plan as to which the Borrower and any Subsidiary may have liability; (4) any reportable event or any prohibited transaction in connection with any employee benefit plan; (5) any additions to or changes in the locations of the Borrower's ’s or any of the Borrower's or Subsidiary's ’s businesses; and (65) any alleged breach of any provision of this agreement or of any other agreement related to the Credit Facilities by the Bank.
Appears in 1 contract
Samples: Note Modification Agreement (Flexsteel Industries Inc)
Notices of Claims, Litigation, Defaults, etc. Promptly inform the Bank in writing of of: (1A) all existing and and, to the knowledge of the Borrower, all threatened litigation, claims, investigations, administrative proceedings and similar actions or changes in Legal Requirements affecting the Borrower it which could materially affect its business, assets, affairs, prospects or financial condition of the Borrower or its Subsidiariescondition; (2B) the occurrence of any event which gives rise to the Bank's ’s option to terminate the Credit Facilities; (3C) the institution of steps by the Borrower it to withdraw from, or the institution of any steps to terminate, any employee benefit plan as to which the Borrower it may have liability; (4D) any reportable event or any prohibited transaction in connection with any employee benefit plan; (5E) any additions to or changes in the locations of the Borrower's or any of the Borrower's or Subsidiary's its businesses; and (6) any alleged breach by the Bank of any provision of this agreement or of any other agreement related to the Credit Facilities by the BankRelated Document.
Appears in 1 contract
Notices of Claims, Litigation, Defaults, etc. Promptly inform the Bank in writing of (1) all existing and all threatened litigation, claims, investigations, administrative proceedings and similar actions affecting the Borrower or any Subsidiary, which could materially affect its the business, assets, affairs, prospects or financial condition of the Borrower or its Subsidiariesany Subsidiary; (2) the occurrence of any event which gives rise to the Bank's ’s option to terminate the Credit Facilities; (3) the institution of steps by the Borrower or any Subsidiary to withdraw from, or the institution of any steps to terminate, any employee benefit plan as to which the Borrower and any Subsidiary may have liability; (4) any reportable event or any prohibited transaction in connection with any employee benefit plan; (5) any additions to or changes in the locations of the Borrower's ’s or any of the Borrower's or Subsidiary's ’s businesses; , and (65) any alleged breach of any provision of this agreement or of any other agreement related to the Credit Facilities by the Bank.
Appears in 1 contract
Notices of Claims, Litigation, Defaults, etc. Promptly inform the Bank in writing of (1) all existing and all threatened litigation, claims, investigations, administrative proceedings and similar actions affecting the Borrower which could materially affect its business, assets, affairs, prospects or financial condition of the Borrower or its Subsidiaries; (2) the occurrence of any event which gives rise to the Bank's ’s option to terminate the Credit Facilities; (3) the institution of steps by the Borrower to withdraw from, or the institution of any steps to terminate, any employee benefit plan as to which the Borrower may have liability; (4) any reportable event or any prohibited transaction in connection with any employee benefit plan; (5) any additions to or changes in the locations of the Borrower's ’s or any of the Borrower's ’s or Subsidiary's ’s businesses; and (6) any alleged breach of any provision of this agreement or of any other agreement related to the Credit Facilities by the Bank.
Appears in 1 contract
Samples: Credit Agreement (Heelys, Inc.)