Common use of Notices to Lender Clause in Contracts

Notices to Lender. Borrower shall notify Lender in writing: (1) promptly after Borrower learns thereof, of the commencement of any litigation affecting Borrower or any of its real or personal property, whether or not the claim is considered by Borrower to be covered by insurance, and of the institution of any administrative proceeding which may have a Material Adverse Effect; (2) at least thirty (30) days prior thereto, of Borrower’s opening of any new office or place of business or Borrower’s closing of any existing office or place of business; (3) promptly after Borrower learns thereof, of any labor dispute to which Borrower may become a party, any strikes or walkouts relating to any of its plants or other facilities, and the expiration of any labor contract to which it is a party or by which it is bound; (4) promptly after Borrower learns thereof, of any material default by Borrower under any note, indenture, loan agreement, mortgage, lease, deed, guaranty or other similar agreement relating to any Indebtedness of Borrower exceeding Ten Thousand and no/100 Dollars ($10,000.00); (5) promptly after the occurrence thereof, of any Unmatured Event of Default or Event of Default; (6) promptly after the occurrence thereof, of any default by any obligor under any note or other evidence of Indebtedness payable to Borrower; (7) promptly after the rendition thereof, of any judgment rendered against Borrower or any of its Subsidiaries; and

Notices to Lender. Borrower shall notify Lender in writing: (1) promptly after Borrower learns thereof, of the commencement of any litigation affecting Borrower or any of its real or personal property, whether or not the claim is considered by Borrower to be covered by insurance, and of the institution of any administrative proceeding which may have a Material Adverse Effect; (2) at least thirty (30) 30 days prior thereto, of Borrower’s opening of any new office or place of business or Borrower’s closing of any existing office or place of business; (3) promptly after Borrower learns thereof, of any labor dispute to which Borrower may become a party, any strikes or walkouts relating to any of its plants or other facilities, and the expiration of any labor contract to which it is a party or by which it is bound; (4) promptly after Borrower learns thereof, of any material default by Borrower under any note, indenture, loan agreement, mortgage, lease, deed, guaranty or other similar agreement relating to any Indebtedness of Borrower exceeding Ten Thousand and no/100 Dollars ($10,000.00)50,000; (5) promptly after the occurrence thereof, of any Unmatured Event of Default or Event of Default; (6) promptly after the occurrence thereof, of any default by any obligor under any note or other evidence of Indebtedness payable to Borrower; (7) promptly after the rendition thereof, of any judgment rendered against Borrower or any of its Subsidiaries; and(8) promptly after Borrower learns thereof, of any material adverse finding of any state or federal government entity in connection with all or any part of the Collateral; and (9) promptly after becoming aware of (i) any event, situation, state of facts or other information that could reasonably be expected to result in a product recall with respect to any of Page 41 Borrower’s products, or (ii) any pending or proposed product alert that may be issued to Borrower’s customers or any consumers with respect to any of Borrower’s products.

Notices to Lender. Borrower shall notify Lender Notify Agent in writing: (1i) promptly after Borrower learns Borrower's learning thereof, of the commencement of any litigation affecting Borrower or any of its real or personal propertyProperties, whether or not the claim is considered by Borrower to be covered by insurance, and of the institution of any administrative proceeding proceeding, and of the receipt of any order or citation from any f'ederal, state or local agency which may have a Material Adverse Effectmaterially and adversely affect Borrower's operations, financial condition, Properties or business or Agent's Lien upon any of the Collateral; (2ii) at least thirty ten (3010) days Business Days prior thereto, of Borrower’s 's opening of any new office or place of business or Borrower’s 's closing of any existing office or place of business; except if any such closing arises out of a consolidation of offices or places of business at Cal Dive's current address; in which case substantially contemporaneous notice shall be sufficient; (3iii) promptly after Borrower learns Borrower's learning thereof, of any labor dispute to which Borrower may become a party, any strikes or walkouts relating to any of its plants or other facilities, and the expiration of any labor contract to which it is a party or by which it is bound; (4iv) promptly after Borrower learns Borrower's learning thereof, of any material default by Borrower under any note, indenture, loan agreement, mortgage, lease, deed, guaranty or other similar agreement relating to any Indebtedness of Borrower exceeding Ten Five Hundred Thousand and no/100 Dollars ($10,000.00500,000); (5v) promptly after the occurrence thereof, of any Unmatured Event of Default or Event of Default; (6vi) promptly after the occurrence thereof, of any default by any obligor under any note or other evidence of Indebtedness payable to Borrower; and (7vii) promptly after the rendition thereof, of any judgment rendered against Borrower or any of its Subsidiaries; and.

Notices to Lender. Borrower shall notify Notify Lender in writing: (1i) promptly after Borrower learns Borrower's learning thereof, of the commencement of any litigation affecting Borrower or any of its real or personal propertyProperties, whether or not the claim is considered by Borrower to be covered by insurance, and of the institution of any administrative proceeding which may have a Material Adverse Effectmaterially and adversely affect Borrower's operations, financial condition, Properties or business or Lender's Lien upon any of the Collateral; (2ii) at least thirty sixty (3060) days prior thereto, of Borrower’s 's opening of any new office or place of business or Borrower’s 's closing of any existing office or place of business; (3iii) promptly after Borrower learns Borrower's learning thereof, of any labor dispute to which Borrower may become a party, any strikes or walkouts relating to any of its plants or other facilities, and the expiration of any labor contract to which it is a party or by which it is bound; (4iv) promptly after Borrower learns Borrower's learning thereof, of any material default by Borrower under any note, indenture, loan agreement, mortgage, lease, deed, guaranty or other similar agreement relating to any Indebtedness of Borrower for Borrowed Money exceeding Ten Two Hundred Fifty Thousand and no/100 No/100 Dollars ($10,000.00$ 250,000); (5v) promptly after the occurrence thereof, of any Unmatured Event of Default or Event of Default; (6vi) promptly after the occurrence thereof, of any default by any obligor under any note or other evidence of Indebtedness for Borrowed Money payable to Borrower; and (7vii) promptly after the rendition thereof, of any judgment rendered against Borrower or any of its Subsidiaries; and.

Notices to Lender. Borrower shall notify Notify Lender in writing: (1i) promptly after Borrower learns Borrower's learning thereof, of the commencement of any litigation affecting Borrower or any of its real or personal propertyProperties, whether or not the claim is considered by Borrower to be covered by insurance, and of the institution of any administrative proceeding which may have a Material Adverse Effectmaterially and adversely affect Borrower's operations, financial condition, Properties or business or Lender's Lien upon any of the Collateral; (2ii) at least thirty (30) 60 days prior thereto, of Borrower’s 's opening of any new office or place of business or Borrower’s 's closing of any existing office or place of business; (3iii) promptly after Borrower learns Borrower's learning thereof, of any labor dispute to which Borrower may become a party, any strikes or walkouts relating to any of its plants or other facilities, and the expiration of any labor contract to which it is a party or by which it is bound; (4iv) promptly after Borrower learns Borrower's learning thereof, of any material default by Borrower under any note, indenture, loan agreement, mortgage, lease, deed, guaranty or other similar agreement relating to any Indebtedness of Borrower individually or in the aggregate exceeding Ten Thousand and no/100 Dollars ($10,000.00)100,000; (5v) promptly after the occurrence thereof, of any Unmatured Event of Default or Event of Default; (6vi) promptly after the occurrence thereof, of any default by any obligor under any note or other evidence of Indebtedness in excess of $25,000 payable to Borrower; and (7vii) promptly after the rendition thereof, of any judgment rendered against Borrower or any of its Subsidiaries; and.

Notices to Lender. Each Borrower shall notify Lender in writing: (1) promptly after any Borrower learns thereof, of the commencement of any litigation affecting a Borrower or any of its real or personal property, whether or not the claim is considered by such Borrower to be covered by insurance, and of the institution of any administrative proceeding which may have a Material Adverse Effectmaterially and adversely affect such Borrower's operations, financial condition, real or personal property or business or Lender's Lien upon any of the Collateral; (2) at least thirty (30) days prior thereto, of any Borrower’s 's opening of any new office or place of business or any Borrower’s 's closing of any existing office or place of business; (3) promptly after any Borrower learns thereof, of any labor dispute to which a Borrower may become a party, any strikes or walkouts relating to any of its plants or other facilities, and the expiration of any labor contract to which it is a party or by which it is bound; (4) promptly after any Borrower learns thereof, of any material default by a Borrower under any note, indenture, loan agreement, mortgage, lease, deed, guaranty or other similar agreement relating to any Indebtedness of such Borrower exceeding Ten Fifty Thousand and no/100 Dollars ($10,000.0050,000.00); (5) promptly after the occurrence thereof, of any Unmatured Event of Default or Event of Default; (6) promptly after the occurrence thereof, of any default by any obligor under any note or other evidence of Indebtedness payable to a Borrower; (7) promptly after the rendition thereof, of any judgment rendered against a Borrower or any of its Subsidiaries; andand (8) promptly after any Borrower learns thereof, of any material adverse finding of any state or federal government entity in connection with all or any part of the Collateral.

Notices to Lender. Borrower shall notify Notify Lender in writing: (1i) promptly after Borrower learns Borrower's learning thereof, of the commencement of any litigation affecting Borrower or any of its real or personal propertyProperties, whether or not the claim is considered by Borrower to be covered by insurance, and of the institution of any administrative proceeding which may would reasonably be expected to have a Material Adverse Effect; (2ii) at least thirty (30) days prior thereto, of Borrower’s 's opening of any new office or place of business or Borrower’s 's closing of any existing office or place of business; , (3iii) promptly after Borrower learns Borrower's learning thereof, of any labor dispute to which Borrower may become a party, any strikes or walkouts relating to any of its plants or other facilities, and the expiration of any labor contract to which it is a party or by which it is bound; (4iv) promptly after Borrower learns Borrower's learning thereof, of any material default by Borrower under any note, indenture, loan agreement, mortgage, lease, deed, guaranty or other similar agreement relating to any Indebtedness of Borrower exceeding Ten Thousand and no/100 Dollars ($10,000.00)100,000; (5v) promptly after the occurrence Borrower's learning thereof, of any Unmatured Event of Default or Event of Default; (6vi) promptly after the occurrence thereof, of any default by any obligor under any note or other evidence of Indebtedness payable to BorrowerBorrower in excess of $100,000; (7vii) promptly after the rendition thereof, of any judgment rendered against Borrower in excess of $100,000 and (viii) promptly after the occurrence thereof, any resignation, retirement, termination, appointment or any substitution, whether permanent or temporary, of its Subsidiaries; andthe chief executive officer, chief operating officer or chief financial officer of Borrower.

Notices to Lender. Borrower shall notify Lender in writing: (1) promptly after Borrower learns thereof, of the commencement of any litigation affecting Borrower or any of its real or personal property, whether or not the claim is considered by Borrower to be covered by insurance, and of the institution of any administrative proceeding which may have a Material Adverse Effectmaterially and adversely affect Borrower’s operations, financial condition, real or personal property or business or Lender’s Lien upon any of the Collateral; (2) at least thirty (30) days prior thereto, of Borrower’s opening of any new office or place of business or Borrower’s closing of any existing office or place of business; (3) promptly after Borrower learns thereof, of any labor dispute to which Borrower may become a party, any strikes or walkouts relating to any of its plants or other facilities, and the expiration of any labor contract to which it is a party or by which it is bound; (4) promptly after Borrower learns thereof, of any material default by Borrower under any note, indenture, loan agreement, mortgage, lease, deed, guaranty or other similar agreement relating to any Indebtedness of Borrower exceeding Ten Thousand and no/100 Dollars ($10,000.00); (5) promptly after the occurrence thereof, of any Unmatured Event of Default or Event of Default; (6) promptly after the occurrence thereof, of any default by any obligor under any note or other evidence of Indebtedness payable to Borrower; (7) promptly after the rendition thereof, of any judgment rendered against Borrower or any of its Subsidiaries; andand (8) promptly after Borrower learns thereof, of any material adverse finding of any state or federal government entity in connection with all or any part of the Collateral.