Common use of Notification of Claim against Collateral Clause in Contracts

Notification of Claim against Collateral. The Credit Parties will, promptly notify the Administrative Agent in writing of any (a) Lien made or asserted against any of the Collateral (other than Permitted Liens), or (b) setoff, written demand, claims, withholdings or other defenses in amounts greater than the Threshold Amount to the extent not covered by insurance policies maintained in accordance with Section 6.07, or defenses to the Administrative Agent’s rights with respect to the Collateral.

Appears in 4 contracts

Samples: Credit Agreement (Fluent, Inc.), Credit Agreement (Fluent, Inc.), Credit Agreement (Fluent, Inc.)

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Notification of Claim against Collateral. The Credit Parties will, will promptly notify the Administrative Agent and each Lender in writing of any (a) Lien made or asserted against any of the Collateral (other than Permitted Liens), or (b) setoff, written demandclaims (including, with respect to the Real Estate, environmental claims), withholdings or other defenses in amounts greater than the Threshold Amount $1,000,000 to the extent not covered by insurance policies maintained in accordance with Section 6.07, or defenses to the Administrative Agent’s rights with respect to the Collateral.

Appears in 2 contracts

Samples: Restructuring Support Agreement (American Apparel, Inc), Debtor in Possession Credit Agreement (American Apparel, Inc)

Notification of Claim against Collateral. The Credit Parties will, promptly notify the Administrative Agent and each Lender in writing of any (a) Lien made or asserted against any of the Collateral (other than Permitted Liens), or (b) setoff, written demandclaims (including, with respect to the Real Estate, environmental claims), withholdings or other defenses in amounts greater than the Threshold Amount $350,000 to the extent not covered by insurance policies maintained in accordance with Section 6.07, or defenses to the Administrative Agent’s rights with respect to the Collateral.

Appears in 2 contracts

Samples: Amendment No. 5 (American Apparel, Inc), Credit Agreement (American Apparel, Inc)

Notification of Claim against Collateral. The Credit Parties will, promptly notify the Administrative Agent, Revolver Agent and each Lender in writing of any (ai) Lien made or asserted against any of the Collateral (other than Permitted Liens), or (bii) setoff, written demandclaims (including, with respect to the Real Estate, environmental claims), withholdings or other defenses in amounts greater than the Threshold Amount to the extent not covered by insurance policies maintained in accordance with Section 6.07, $100,000 or defenses to the Administrative Agent’s rights with respect to the Collateral.

Appears in 1 contract

Samples: Credit Agreement (PetIQ, Inc.)

Notification of Claim against Collateral. The Credit Parties will, promptly notify the Administrative Agent and each Lender in writing of any (ai) Lien made or asserted against any of the Collateral (other than Permitted Liens), or (bii) setoff, written demandclaims (including, with respect to the Real Estate, environmental claims), withholdings or other defenses in amounts greater than the Threshold Amount to the extent not covered by insurance policies maintained in accordance with Section 6.07, $100,000 or defenses to the Administrative Agent’s rights with respect to the Collateral.

Appears in 1 contract

Samples: Credit Agreement (PetIQ, Inc.)

Notification of Claim against Collateral. The Credit Parties will, promptly notify the Administrative Agent and each Lender in writing of any (a) Lien made or asserted against any of the Collateral (other than Permitted Liens), or (b) setoff, written demandclaims (including, with respect to the Real Estate, environmental claims), withholdings or other defenses in amounts greater than the Threshold Amount $1,000,000 to the extent not covered by insurance policies maintained in accordance with Section 6.07, or defenses to the Administrative Agent’s rights with respect to the Collateral.

Appears in 1 contract

Samples: Credit Agreement (American Apparel, Inc)

Notification of Claim against Collateral. The Credit Parties will, promptly immediately upon becoming aware thereof, notify the Administrative Agent and each of the Lenders in writing of any (a) Lien made or asserted against any of the Collateral (other than Permitted Liens), or (b) setoff, written demandclaims (including, with respect to the Real Estate, environmental claims), withholdings or other defenses in amounts greater than the Threshold Amount to the extent not covered by insurance policies maintained in accordance with Section 6.07$100,000, or defenses to the Administrative Agent’s 's rights with respect to the Collateral, are subject.

Appears in 1 contract

Samples: Junior Term Loan Credit Agreement (Jumpking Inc)

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Notification of Claim against Collateral. The Credit Parties will, promptly notify the Administrative Agent and each Lender in writing of any (ai) Lien made or asserted against any of the Collateral (other than Permitted Liens), or (bii) setoff, written demandclaims (including, with respect to the Real Estate, environmental claims), withholdings or other defenses in amounts greater than the Threshold Amount to the extent not covered by insurance policies maintained in accordance with Section 6.07, $500,000 or defenses to the Administrative Agent’s rights with respect to the Collateral.

Appears in 1 contract

Samples: Credit Agreement (PetIQ, Inc.)

Notification of Claim against Collateral. The Credit Parties will, promptly immediately upon becoming aware thereof, notify the Administrative Agent and each of the Lenders in writing of any (a) Lien made or asserted against any of the Collateral (other than Permitted Liens), or (b) setoff, written demandclaims (including, with respect to the Real Estate, environmental claims), withholdings or other defenses in amounts greater than the Threshold Amount to the extent not covered by insurance policies maintained in accordance with Section 6.07$100,000, or defenses to the Administrative Agent’s Agents rights with respect to the Collateral, are subject.

Appears in 1 contract

Samples: Revolving Credit Agreement (Jumpking Inc)

Notification of Claim against Collateral. The Credit Parties will, promptly notify the Administrative Agent and each Lender in writing of any (a) Lien made or asserted against any of the Collateral (other than Permitted Liens), or (b) setoff, written demandclaims (including, with respect to the Real Estate, environmental claims), withholdings or other defenses in amounts greater than the Threshold Amount $350,000 to the extent not covered by insurance policies maintained in accordance with Section 6.07, or defenses to the Administrative Agent’s 's rights with respect to the Collateral.

Appears in 1 contract

Samples: Amendment No. 2 (American Apparel, Inc)

Notification of Claim against Collateral. The Credit Parties will, promptly notify the Administrative Agent and each Lender in writing of any (ai) Lien made or asserted 108 against any of the Collateral (other than Permitted Liens), or (bii) setoff, written demandclaims (including, with respect to the Real Estate, environmental claims), withholdings or other defenses in amounts greater than the Threshold Amount to the extent not covered by insurance policies maintained in accordance with Section 6.07, $500,000 or defenses to the Administrative Agent’s rights with respect to the Collateral.

Appears in 1 contract

Samples: Credit Agreement

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