Notification Events. AMD shall promptly notify Vantis of the following: (a) any issues known to AMD which will adversely affect AMD's ability to fabricate the Committed Build Amount of Die in any period or otherwise adversely affect performance and/or quality of the Products; (b) intended changes to Processes or materials used to fabricate the Wafers, except to the extent that minor changes may be made to such Processes, Acceptance Criteria or related materials pursuant to AMD Specification Nos. [*], as amended, supplemented or replaced by AMD from time to time; (c) intended changes in any of the material suppliers which supply AMD with raw wafers, aluminum targets and photomasks; and (d) intended closure of any Facility or cessation of all Wafer fabrication activities at any Facility.
Notification Events. 15.1 The Recipient shall notify the Project Authority Lead immediately if a Notification Event has occurred or is likely to occur.
Notification Events. 1. A duly authorised officer of the Transferor shall admit in writing that the Transferor or any Additional Transferor is unable to pay its debts as they fall due within the meaning of Section 123(1) of the Insolvency Xxx 0000 or the Transferor or any Additional Transferor makes a general assignment for the benefit of or a composition with its creditors or voluntarily suspends payments of its obligations with a view to the general readjustment or rescheduling of its indebtedness.
Notification Events. In addition to the other disclosure, reporting and other covenants and agreements contained therein, the Borrowers and the Subsidiary Pledgors hereby covenant and agree to furnish the Lender with reasonable advance notice, in writing, of the contemplated occurrence or existence of any and all Notification Events, which notice shall contain a sufficiently detailed description of the applicable Notification Event, and shall be delivered to the Lender in sufficient time prior to the consummation of any such Notification Event (but, in any event, promptly after the execution and delivery of any definitive agreement with respect thereto), to permit the Lender to evaluate the applicable Notification Event and to prepare supplemental collateral documentation, to the extent deemed necessary or appropriate by the Lender, in order to grant, create, perfect, maintain, continue or otherwise effectuate and/or evidence a perfected, first priority (subject only to Permitted Liens) Lien, in favor of the Lender, in, to and covering all assets of the Borrowers, the Subsidiary Pledgors and/or any other or additional Subsidiary(ies) that may be created as part of such Notification Event or otherwise and to obtain a guaranty of the Obligation by any such other or additional Subsidiary(ies), in each case except to the extent that any such Subsidiary is precluded by applicable Legal Requirements from granting such a Lien and/or guaranteeing such Obligation. Additionally, except to the extent that any Subsidiary is precluded by applicable Legal Requirements from doing so, substantially contemporaneously with the consummation of any Notification Event, the Borrowers and the Subsidiary Pledgors shall, and shall cause any and all other or additional Subsidiaries to, execute and deliver to the Lender all guarantees, security agreements, financing statements, collateral assignments, deeds of trust, guaranties, lien instruments and other collateral documentation which the Lender may reasonably require in order to guarantee the Obligation and to grant, create, perfect, maintain, continue or otherwise effectuate and/or evidence a perfected, first priority (subject only to Permitted Liens) Lien, in favor of the Lender, in, to and covering all assets of such entities. The terms, provisions and forms of such documents shall be such as are reasonably acceptable to the Lender; provided, however, that such documents shall not seek to give to Lender any control or offset rights in any cash acco...
Notification Events. The sale of the SME Receivables under the SRPA and pledge of the SME Receivables under the Pledge Agreement will be notified to any relevant Borrowers and any other relevant parties (and instructions to make future payments directly into an account of the Issuer will be given) by the Issuer (acting on the instructions of the Security Agent) pursuant to the terms and conditions set out in the SRPA and the Pledge Agreement. Each of the following events is a Notification Event under the SRPA:
Notification Events. Supplier will provide AXP promptly, upon request , information about Supplier’s and its affiliates’ finances, creditworthiness, and operations, including its most recent certified financial statements. Moreover, Supplier will promptly notify AXP’s Chief Financial Officer and General Counsel at any time of any of the following: (i) a material reduction in Supplier’s long-term credit rating as determined by Xxxxx’x Investors Service or S&P Global; (ii) Supplier receives a “going concern” explanation or qualification from its external auditor; (iii) Supplier’s cessation of a substantial portion of or adversely altering its operations, including any termination or substantial reduction of business with one or more of Supplier’s other top three financial institution customers by revenue; (iv) Supplier’s entry into a definitive agreement to sell any material portion of its assets or Supplier’s entry into a definitive agreement whereby any party will acquire 25% or more of any class of the equity interests issued by Supplier (other than parties owning 25% or more of such interests as of the Order Effective Date), whether through acquisition of new equity interests, previously outstanding interests, or otherwise or through a merger or consolidation transaction; (v) Supplier suffering a material adverse change in its business, assets, condition (financial or otherwise) or prospects, or a material adverse change occurs in Supplier’s industry; (vi) Supplier’s breach of any provision of the Agreement; (vii) Supplier becoming or threatening to become insolvent; (viii) Supplier’s ’s reasonable belief that Supplier will not be able to perform its obligations under the Order; (ix) the establishment of a reserve with, or other protective action taken by any Entity with whom Supplier has entered into an arrangement for services involving the Platform or otherwise similar to the Hosted Services that requires Supplier to provide such Entity with a letter of credit, guaranty or other third-party assurance of payment; (x) Supplier’s material lack of compliance with or an event of default under the terms of a material agreement between Supplier and any third party, regardless of whether the agreement has been publicly disclosed in an SEC or comparable public filing; or (xi) Supplier ceasing to become a public company, Supplier’s decision to delist from a public stock exchange, or Supplier’s receipt of notice of delisting from any public stock exchange.
