Notification By Grantor. Grantor shall provide MLBFS with prompt written notification of: (i) any Default; (ii) any materially adverse change in the business, financial condition or operations of Customer or Grantor; and (iii) any information which indicates that any financial statements of Customer or Grantor fail in any material respect to present fairly the financial condition and results of operations purported to be presented in such statements. Each notification by Grantor pursuant hereto shall specify the event or information causing such notification, and, to the extent applicable, shall specify the steps being taken to rectify or remedy such event or information.
Appears in 6 contracts
Samples: Loan and Security Agreement (Derma Sciences Inc), Letter Agreement (Lakeland Industries Inc), Merrill Lynch Security Agreement (Sel-Leb Marketing Inc)
Notification By Grantor. Grantor shall provide MLBFS with prompt written notification of: (i) any Default; (ii) any materially adverse change in the business, financial condition or operations of Customer or Grantor; and (iiiill) any information which indicates that any financial statements of Customer or Grantor fail in any material respect to present fairly the financial condition and results of operations purported to be presented in such statements. Each notification by Grantor pursuant hereto shall specify the event or information causing such notification, and, to the extent applicable, shall specify the steps being taken to rectify or remedy such event or information.
Appears in 3 contracts
Samples: Loan and Security Agreement (Yp Net Inc), Loan Agreement (Yp Corp), Loan Agreement (Yp Corp)
Notification By Grantor. Grantor shall provide MLBFS with prompt written notification of: (i) any Default; (ii) any materially adverse change in the business, financial condition or operations of Customer or Grantor; and (iii) any information which indicates that any financial statements of Customer or Grantor fail in any material respect to present fairly the financial condition and results of operations purported to be presented in such statements. Each notification by Grantor pursuant hereto shall specify the event or information causing such notification, and, to the extent applicable, shall specify the steps being taken to rectify or remedy such event or information.
Appears in 3 contracts
Samples: Lynch Security Agreement (Sel-Leb Marketing Inc), Security Agreement (Lakeland Industries Inc), Security Agreement (Whitman Education Group Inc)
Notification By Grantor. Grantor shall provide MLBFS with prompt written notification of: of (i) any Default; (ii) any materially adverse change in the business, financial condition or operations of Customer or Grantor; , and (iii) any information which indicates that any financial statements of Customer or Grantor fail in any material respect to present fairly the financial condition and results of operations purported to be presented in such statements. Each notification by Grantor pursuant hereto shall specify the event or information causing such notification, and, to the extent applicable, shall specify the steps being taken to rectify or remedy such event or information.
Appears in 1 contract
Samples: Merrill Lynch Security Agreement (Rent a Wreck of America Inc)
Notification By Grantor. Grantor shall provide MLBFS with prompt written notification of: (i) any Default; (ii) any materially adverse change in the business, financial condition or operations of Customer or Grantor; and (iii) any information which indicates that any financial statements of Customer or Grantor fail in any material respect to present fairly the financial condition and results of operations purported to be presented in such statements. Each notification by Grantor pursuant hereto shall specify the event or information causing such notification, and, to the extent applicable, shall specify the steps being taken to rectify or remedy such event or information.
Appears in 1 contract
Samples: Security Agreement
Notification By Grantor. Grantor shall provide MLBFS with prompt written notification of: of (i) any Default; , (iiit) any materially adverse change in the business, financial condition or operations of Customer or Grantor; , and (iii) any information which indicates that any financial statements of Customer or Grantor fail in any material respect to present fairly the financial condition and results of operations purported to be presented in such statements. Each notification by Grantor pursuant hereto shall specify the event or information causing such notification, and, to the extent applicable, shall specify the steps being taken to rectify or remedy such event or information.
Appears in 1 contract
Samples: Lynch Security Agreement (Rent a Wreck of America Inc)
Notification By Grantor. Grantor shall provide MLBFS with prompt written notification of: of (i) any Default; , (ii) any materially adverse adverse, change in the business, financial condition or a operations of Customer or Grantor; , and (iii) any information which indicates that any financial statements a of Customer or Grantor fail in any material respect to present fairly the financial condition and results of operations purported to be presented in such statements. Each notification by Grantor pursuant hereto shall specify the event or information causing such notification, and, to the extent applicable, shall specify the steps being taken to rectify or remedy such event or information.
Appears in 1 contract
Samples: Lynch Security Agreement (Rent a Wreck of America Inc)