Common use of Notices to Bank Clause in Contracts

Notices to Bank. To promptly notify Bank in writing of: a. Any change in the location of Borrower’s principal executive office which is currently in New York City, New York; b. Any Material Adverse Change; c. Any Default or Event of Default, setting forth in such notice the details of such Default or Event or Default and the action which is proposed to be taken by Borrower with respect thereto; d. All actions, suits, and proceedings before any court or governmental department, commission, board, bureau, agency, or instrumentality, domestic or foreign, affecting Borrower which, if determined adversely to Borrower would result in a Material Adverse Change; e. Any material dispute between Borrower and any governmental regulatory body or law enforcement authority which would result in a Material Adverse Change; f. All claims made or threatened by any third party against Borrower relating to any loss or injury resulting from any Environmental Law or Hazardous Substance that shall be in an amount claimed in excess of $2,500,000; and

Appears in 4 contracts

Samples: Commercial Loan Agreement (Icon Eci Fund Fifteen, L.P.), Commercial Loan Agreement (ICON Equipment & Corporate Infrastructure Fund Fourteen, L.P.), Commercial Loan Agreement (Icon Leasing Fund Eleven, LLC)

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Notices to Bank. To promptly notify Bank in writing of: a. Any change in the location of Borrower’s 's principal executive office which is currently in New York City, New York; b. Any Material Adverse Change; c. Any Default or Event of Default, setting forth in such notice the details of such Default or Event or Default and the action which is proposed to be taken by Borrower with respect thereto; d. All actions, suits, and proceedings before any court or governmental department, commission, board, bureau, agency, or instrumentality, domestic or foreign, affecting Borrower which, if determined adversely to Borrower would result in a Material Adverse Change; e. Any material dispute between Borrower and any governmental regulatory body or law enforcement authority which would result in a Material Adverse Change; f. All claims made or threatened by any third party against Borrower relating to any loss or injury resulting from any Environmental Law or Hazardous Substance that shall be in an amount claimed in excess of $2,500,000; and

Appears in 2 contracts

Samples: Commercial Loan Agreement (ICON Equipment & Corporate Infrastructure Fund Fourteen, L.P.), Commercial Loan Agreement (ICON Leasing Fund Twelve, LLC)

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Notices to Bank. To promptly notify Bank in writing of: a. Any change in the location of Borrower’s principal executive office which is currently in New York City, New York; b. Any Material Adverse Change; c. Any Default or Event of Default, setting forth in such notice the details of such Default or Event or Default and the action which is proposed to be taken by Borrower with respect thereto; d. All actions, suits, and proceedings before any court or governmental department, commission, board, bureau, agency, or instrumentality, domestic or foreign, affecting Borrower which, if determined adversely to Borrower would result in a Material Adverse Change; e. Any material dispute between Borrower and any governmental regulatory body or law enforcement authority which would result in a Material Adverse Change;; and f. All claims made or threatened by any third party against Borrower relating to any loss or injury resulting from any Environmental Law or Hazardous Substance that shall be in an amount claimed in excess of $2,500,000; and.

Appears in 1 contract

Samples: Commercial Loan Agreement (ICON ECI Fund Sixteen)

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