Notification of Claim against Collateral. The Borrower will, immediately upon becoming aware thereof, notify the Agent and each of the Banks in writing of any setoff, claims (including, with respect to the Real Estate, environmental claims), withholdings or other defenses to which any of the Collateral, or the Agent's rights with respect to the Collateral, are subject.
Appears in 9 contracts
Samples: Revolving Credit Agreement (Anacomp Inc), Revolving Credit Agreement (Anacomp Inc), Revolving Credit and Term Loan Agreement (Stride & Associates Inc)
Notification of Claim against Collateral. The Borrower Borrowers will, immediately upon becoming aware thereof, notify the Agent and each of the Banks in writing of any setoff, claims (including, with respect to the Real Estate, environmental claims), withholdings or other defenses to which any of the Collateral, or the Agent's rights with respect to the Collateral, are subject.
Appears in 4 contracts
Samples: Revolving Credit Agreement (American Restaurant Group Inc), Revolving Credit Agreement (Holmes Products Corp), Loan Agreement (Holmes Group Inc)
Notification of Claim against Collateral. The Borrower Borrowers will, immediately upon becoming aware thereof, notify the Administrative Agent and each of the Banks Lenders in writing of any setoff, claims (including, with respect to the Real Estate, environmental claims), withholdings or other defenses to which any of the Collateral, or the Administrative Agent's rights with respect to the Collateral, are subject.
Appears in 4 contracts
Samples: Credit and Term Loan Agreement (Iesi Corp), Loan and Security Agreement (Mayors Jewelers Inc/De), Revolving Credit and Term Loan Agreement (Iesi Tx Corp)
Notification of Claim against Collateral. The Borrower will, immediately upon becoming aware thereof, notify the Agent and each of the Banks in writing of any setoff, claims (including, with respect to the Real Estate, environmental claims), withholdings or other defenses (other than rights of setoffs, claims, withholdings and other defenses arising in the ordinary course of business by purchasers of goods of the Borrower in the ordinary course of business) to which any of the Collateral, or the Agent's rights with respect to the Collateral, are subject.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Flextronics International LTD), Credit and Term Loan Agreement (Flextronics International LTD)
Notification of Claim against Collateral. The Borrower Each of the Borrowers will, immediately upon becoming aware thereof, notify the Administrative Agent and each of the Banks Lenders in writing of any setoff, claims (including, with respect to the Real Estate, environmental claims), withholdings or other defenses to which any of the Collateral, or the Administrative Agent's rights with respect to the Collateral, are subject.
Appears in 2 contracts
Samples: Credit and Term Loan Agreement (Furrs Restaurant Group Inc), Credit Agreement (Vermont Pure Holdings LTD/De)
Notification of Claim against Collateral. The Borrower Each of the Borrowers will, immediately upon becoming aware thereof, notify the Agent and each of the Banks in writing of any setoff, claims claim (including, with respect to the Real Estate, environmental claims), withholdings withholding or other defenses defense to which any material portion of the Collateral, or the Agent's rights with respect to any material portion of the Collateral, are subject.
Appears in 2 contracts
Samples: Credit and Term Loan Agreement (Dave & Busters Inc), Revolving Credit and Term Loan Agreement (Dave & Busters Inc)
Notification of Claim against Collateral. The Borrower will, immediately upon becoming aware thereof, notify the Agent and each of the Banks in writing of any setoff, claims (including, with respect to the Real Estate, environmental claims), withholdings or other defenses to which any of the CollateralCollateral with a fair market value in excess of $100,000, or the Agent's rights with respect to the any such Collateral, are subject.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Perkins Finance Corp), Revolving Credit Agreement (Restaurant Co)
Notification of Claim against Collateral. The Borrower will, immediately upon becoming aware thereof, notify the Administrative Agent and each of the Banks in writing of any setoff, claims (including, with respect to the Real Estate, environmental claims), withholdings or other defenses to which any of the Collateral, or the Administrative Agent's rights with respect to the Collateral, are subject.
Appears in 2 contracts
Samples: And Term Loan Agreement (Il Fornaio America Corp), Revolving Credit Agreement (Peregrine Systems Inc)
Notification of Claim against Collateral. The Borrower will, immediately upon becoming aware thereof, notify the Agent and each of the Banks in writing of any setoff, claims (including, with respect to the Real Estate, environmental claims), withholdings or other defenses to which any of the Collateral, or the Agent's rights with respect to the Collateral, are subject.
Appears in 2 contracts
Samples: Credit and Term Loan Agreement (Aviall Inc), Revolving Credit Agreement (Provant Inc)
Notification of Claim against Collateral. The Borrower will, immediately upon becoming aware thereof, notify the Agent and each of the Banks in writing of any setoff, claims (including, with respect to the Real Estate, environmental claimsclaims in excess of $500,000), withholdings or other defenses to which any of the Collateral, or the Agent's rights with respect to the Collateral, are subject.
Appears in 1 contract
Samples: Revolving Credit Agreement (Republic Engineered Steels Inc)
Notification of Claim against Collateral. The Borrower will, immediately upon becoming aware thereof, notify the Administrative Agent and each of the Banks Lenders in writing of any setoff, claims (including, with respect to the Real Estate, environmental claimsclaims in excess of $500,000), withholdings or other defenses to which any of the Collateral, or the Administrative Agent's rights with respect to the Collateral, are subject.
Appears in 1 contract
Samples: Canadian Security Agreement (Republic Technologies International Holdings LLC)
Notification of Claim against Collateral. The Borrower ---------------------------------------- will, immediately upon becoming aware thereof, notify the Agent and each of the Banks in writing of any setoff, claims (including, with respect to the Real Estate, environmental claims), withholdings or other defenses to which any of the CollateralCollateral with an aggregate net book value or fair market value of $1,500,000 or more, or the Agent's rights with respect to the Collateral, are subject. 9.5.4.
Appears in 1 contract
Notification of Claim against Collateral. The Borrower will, ----------------------------------------- immediately upon becoming aware thereof, notify the Agent and each of the Banks in writing of any setoff, claims (including, with respect to the Real Estate, environmental claims), withholdings or other defenses to which any of the Collateral, or the Collateral Agent's rights with respect to the Collateral, are subjectsubject in an amount equal to or greater than $500,000.
Appears in 1 contract
Samples: Revolving Credit Agreement (Fairfield Communities Inc)
Notification of Claim against Collateral. The Borrower Borrowers will, ---------------------------------------- immediately upon becoming aware thereof, notify the Administrative Agent and each of the Banks in writing of any setoff, claims (including, with respect to the Real Estate, environmental claims), withholdings or other defenses to which any of the Collateral, or the Collateral Agent's rights with respect to the Collateral, are subjectsubject in an amount equal to or greater than $500,000.
Appears in 1 contract
Samples: Revolving Credit Agreement (Fairfield Communities Inc)
Notification of Claim against Collateral. The Borrower will, immediately upon becoming aware thereof, notify the Agent and each of the Banks Lenders in writing of any setoff, claims (including, with respect to the Real Estate, environmental claims), withholdings or other defenses to which any of the Collateral, or the Agent's rights with respect to the Collateral, are subject.
Appears in 1 contract
Samples: Credit and Term Loan Agreement (CRC Evans International Inc)
Notification of Claim against Collateral. The Borrower will, immediately upon becoming aware thereof, notify the Facility Agent and each of the Banks Lenders in writing of any setoff, claims (including, with respect to the Real Estate, environmental claims), withholdings or other defenses to which any of the Collateral, or the Facility Agent's rights with respect to the Collateral, are subjectsubject (excluding xxxx downs and allowances incurred in the ordinary course of business).
Appears in 1 contract
Samples: Revolving Credit Agreement (Sassco Fashions LTD /De/)
Notification of Claim against Collateral. The Borrower Borrowers will, immediately upon any Designated Borrower Officer becoming aware thereof, notify the Agent and each of the Banks Lenders in writing of any material setoff, claims (including, with respect to the Real Estateany real estate, environmental claims), withholdings or other defenses to which any of the Collateral, or the Agent's ’s rights with respect to the Collateral, are subject.
Appears in 1 contract
Notification of Claim against Collateral. The Borrower Borrowers will, immediately upon becoming aware thereof, notify the Agent and each of the Banks in writing of any setoff, claims (including, with respect to the Real Estate, environmental claims), withholdings or other defenses (other than rights of setoffs, claims, withholdings and other defenses arising in the ordinary course of business by purchasers of goods of the Borrowers in the ordinary course of business) to which any of the Collateral, or the Agent's rights with respect to the Collateral, are subject.
Appears in 1 contract
Samples: Revolving Credit Agreement (Flextronics International LTD)
Notification of Claim against Collateral. The Borrower ---------------------------------------- will, immediately upon becoming aware thereof, notify the Agent and each of the Banks in writing of any setoff, claims (including, with respect to the Real Estate, environmental claims), withholdings or other defenses to which any of the Collateral, or the Collateral Agent's rights with respect to the Collateral, are subjectsubject in an amount equal to or greater than $500,000.
Appears in 1 contract
Notification of Claim against Collateral. The Borrower will, ---------------------------------------- immediately upon becoming aware thereof, notify each of the Agent Agents and each of the Banks in writing of any setoff, claims (including, with respect to the Real Estate, environmental claims), withholdings or other defenses to which any of the Collateral, or the Loan and Collateral Agent's rights with respect to the Collateral, are subject.
Appears in 1 contract
Samples: Revolving Credit Agreement (California Steel Industries Inc)
Notification of Claim against Collateral. The Borrower will, immediately upon ---------------------------------------- promptly after becoming aware thereof, notify the Agent and each of the Banks in writing of any setoff, claims (including, with respect to the Real Estate, environmental claims), withholdings or other defenses to which any of the CollateralCollateral having a value in excess of $250,000, or the Agent's rights with respect to the such Collateral, are subject, except for Permitted Liens.
Appears in 1 contract
Samples: Credit and Term Loan Agreement (Petro Stopping Centers L P)
Notification of Claim against Collateral. The Borrower will, immediately upon becoming aware thereof, notify the Agent and each of the Banks in writing of any setoff, claims (including, with respect to the Real Estate, including environmental claims), withholdings or other defenses to which any of the Collateral, or the Agent's rights with respect to the Collateral, are subject, other than Permitted Liens.
Appears in 1 contract
Notification of Claim against Collateral. The Borrower will, immediately upon becoming aware thereof, notify the Agent and each of the Banks Lender in writing of any setoff, claims (including, including with respect to the Real Estate, environmental claims), withholdings or other defenses to which any of the Collateral, or the AgentLender's rights with respect to the Collateral, are subject.
Appears in 1 contract
Samples: Credit Agreement (First Virtual Communications Inc)
Notification of Claim against Collateral. The Borrower will, ----------------------------------------- immediately upon becoming aware thereof, notify the Administrative Agent and each of the Banks in writing of any setoff, claims (including, with respect to the Real Estate, environmental claims), withholdings or other defenses to which any of the Collateral, or the Administrative Agent's rights with respect to the Collateral, are subjectsubject in an amount equal to or greater than $500,000.
Appears in 1 contract
Notification of Claim against Collateral. The Borrower will, immediately promptly upon becoming aware thereof, notify the Agent and each of the Banks Bank in writing of any setoff, claims (including, with respect to the Real Estate, environmental claims), withholdings or other defenses to which any of the Collateral, or the AgentBank's rights with respect to the Collateral, are subject.
Appears in 1 contract
Samples: Revolving Credit Agreement (Transact Technologies Inc)