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: (A) all existing and all threatened litigation, claims, investigations, administrative proceedings and similar actions or changes in Legal Requirements affecting it which could materially affect its business, Properties, affairs, prospects or financial condition; (B) the occurrence of any default or Event of Default and the circumstances which give rise to the Bank’s option to terminate the Credit Facilities to the extent the disclosure does not violate any Legal Requirement; (C) any additions to or changes in the locations of its businesses; and (D) 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 (First Busey Corp /Nv/)

AutoNDA by SimpleDocs

Notices of Claims, Litigation, Defaults, etc. Promptly inform the Bank in writing of: of (A1) all existing and all threatened litigation, claims, investigations, administrative proceedings and similar actions or changes in Legal Requirements affecting it which could materially affect its the business, Propertiesproperty, affairs, prospects or financial condition; (B2) the occurrence of any default or Event of Default and the circumstances which give rise to the Bank’s option to terminate the Credit Facilities to the extent the disclosure does not violate any Legal Requirement; (C3) any additions to or changes in the its locations of its or businesses; and (D4) any alleged breach by the Bank of any provision of this agreement or of any other Related DocumentDocuments.

Appears in 1 contract

Samples: Credit Agreement (Plains Capital Corp)

Notices of Claims, Litigation, Defaults, etc. Promptly inform the Bank in writing of: of (A1) all existing and all threatened litigation, claims, investigations, administrative proceedings and similar actions or changes in Legal Requirements affecting it the Borrower which could materially affect its business, Properties, affairs, prospects or the financial conditioncondition of the Borrower; (B2) the occurrence of any default or Event of Default and the circumstances event which give gives rise to the Bank’s 's option to terminate the Credit Facilities to the extent the disclosure does not violate any Legal RequirementFacilities; (C3) 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 additions to or changes in the locations of its the Borrower's businesses; and (D5) 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 (Heelys, Inc.)

AutoNDA by SimpleDocs

Notices of Claims, Litigation, Defaults, etc. Promptly inform the Bank in writing of: of (A1) all existing and all threatened litigation, claims, investigations, administrative proceedings and similar actions or changes in Legal Requirements affecting it which could materially affect its any Obligor’s or any Material Subsidiary’s business, Propertiesproperty, affairs, prospects or financial condition; (B2) the occurrence of any default or Event of Default and the circumstances which give rise to the Bank’s option to terminate the Credit Facilities to the extent the disclosure does not violate any Legal Requirement; (C3) any additions to or changes in the locations its chief executive office or principal place of its businessesbusiness; and (D4) any alleged breach by the Bank of any provision of this agreement or of any other Related DocumentDocuments.

Appears in 1 contract

Samples: Credit Agreement (United Western Bancorp Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!