Notification of Changes. Borrower will promptly notify Lender in writing of any change in its officers or directors, the opening of any new bank account or other deposit account, or any material adverse change in the business or financial affairs of Borrower or the existence of any circumstance which would make any representation or warranty of Borrower untrue in any material respect or constitute a material breach of any covenant of Borrower.
Appears in 27 contracts
Samples: Loan and Security Agreement (Titan Global Holdings, Inc.), Loan and Security Agreement (Thomas Equipment, Inc.), Loan and Security Agreement (Hayes Corp)
Notification of Changes. Each Borrower will promptly notify Lender in writing of any change in its trustees, beneficiaries, officers or directors, the opening of any new bank account or other deposit account, or any material adverse change in the business or financial affairs of any Borrower or the existence of any circumstance which would make any representation or warranty of any Borrower untrue in any material respect or constitute a material breach of any covenant of any Borrower.
Appears in 2 contracts
Samples: Loan and Security Agreement (Wave2Wave Communications, Inc.), Loan and Security Agreement (Wave2Wave Communications, Inc.)
Notification of Changes. Borrower will promptly notify Lender REMINGTON in writing of any change in its officers or directors, the opening of any new bank account or other deposit accountDeposit Account, or and any material adverse change in the business or financial affairs of Borrower or the existence of any circumstance which would make any representation or warranty of Borrower untrue in any material respect or constitute a material breach of any covenant of Borrower.
Appears in 1 contract
Notification of Changes. Each Borrower will promptly notify Lender in writing of any change in its officers or directors, the opening of any new bank account or other deposit account, or any material adverse change in the business or financial affairs of such Borrower or the existence of any circumstance which would make any representation or warranty of such Borrower untrue in any material respect or constitute a material breach of any covenant of such Borrower.
Appears in 1 contract
Samples: Loan and Security Agreement (Willcox & Gibbs Inc /De)
Notification of Changes. Each Borrower will promptly notify Lender in writing of any change in its officers or directors, the opening of any new bank account or other deposit account, or any material adverse change in the business or financial affairs of such Borrower or the existence of any circumstance which would make any representation or warranty of any Borrower untrue in any material respect or constitute a material breach of any covenant of any Borrower.
Appears in 1 contract
Samples: Loan and Security Agreement (Titan Global Holdings, Inc.)
Notification of Changes. Borrower will promptly notify Lender in writing of any change in its officers chief executive officer, chief financial officer or any of its directors, the opening of any new bank account or other deposit account, or any material adverse change in the business or financial affairs of Borrower or the existence of any circumstance which would make any representation or warranty of Borrower untrue in any material respect or constitute a material breach of any covenant of Borrower.
Appears in 1 contract
Samples: Loan and Security Agreement (Golden Books Family Entertainment Inc)
Notification of Changes. Borrower Borrowers will promptly notify Lender in writing of any change in its officers or directors, the opening of any new bank account or other deposit account, or any material adverse change changes in the business or financial affairs of Borrower Borrowers (or either one of them) or the existence of any circumstance which would make any representation or warranty of Borrower Borrowers untrue in any material respect or constitute a material breach of any covenant of BorrowerBorrowers.
Appears in 1 contract
Samples: Loan and Security Agreement (Marine Growth Ventures Inc)
Notification of Changes. Borrower will promptly notify Lender in writing of any change in its officers officers, directors, or directorsmanaging members, as applicable, the opening of any new bank account or other deposit account, or any material adverse change Material Adverse Change in the business or financial affairs of Borrower or other Obligor, or the existence of any circumstance which would make any representation or warranty of Borrower or any Obligor in any Loan Documents to be untrue in any material respect or constitute a material breach of any covenant of BorrowerBorrower or any Obligor.
Appears in 1 contract