Common use of Notification of Claims Against Collateral Clause in Contracts

Notification of Claims Against Collateral. The Borrower will, immediately upon becoming aware thereof, notify 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 3 contracts

Samples: Revolving Credit Agreement (Silverleaf Resorts Inc), Revolving Credit Agreement (Silverleaf Resorts Inc), Revolving Credit Agreement (Silverleaf Resorts Inc)

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Notification of Claims Against Collateral. The Borrower will, immediately upon becoming aware thereof, notify the Banks Agent 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 3 contracts

Samples: Revolving Credit and Term Loan Agreement (Mercury Air Group Inc), Revolving Credit Agreement (National Auto Finance Co Inc), Construction and Term Loan Agreement (Trailer Bridge Inc)

Notification of Claims Against Collateral. The Borrower will, immediately upon becoming aware thereof, notify the Banks Lender 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 AgentLender's rights with respect to the Collateral, are subject.

Appears in 2 contracts

Samples: Loan Agreement (Optical Security Group Inc), Loan Agreement (Applied Opsec Corp)

Notification of Claims Against Collateral. The Borrower will, immediately upon becoming aware thereof, notify the Banks Administrative Agents 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: Revolving Credit and Term Loan Agreement (Emmis Communications Corp), Revolving Credit and Term Loan Agreement (Emmis Communications Corp)

Notification of Claims Against Collateral. The Borrower Each of the Borrowers will, immediately upon becoming aware thereof, notify the Banks Administrative Agent and each of the 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 1 contract

Samples: Credit Agreement (Transtechnology Corp)

Notification of Claims Against Collateral. The Borrower will, immediately upon becoming aware thereof, notify the Banks Lender in writing of any setoff, claims (including, with respect to the any Real Estate, environmental claims), withholdings or other defenses to which any of the Collateral, or the Agent's rights of the Collateral Agent or the Lender with respect to the Collateral, are subject.

Appears in 1 contract

Samples: Line of Credit Agreement (Toymax International Inc)

Notification of Claims Against Collateral. The Borrower will, immediately upon becoming aware thereof, notify the Banks Managing Agent 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 Managing Agent's rights with respect to the Collateral, are subject.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Emmis Broadcasting Corporation)

Notification of Claims Against Collateral. The Borrower and each Guarantor will, immediately upon becoming aware thereof, notify the Banks Lender 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, BKB's, or the Lender's rights with respect to the Collateral, are subject.

Appears in 1 contract

Samples: Term Loan Agreement (Moran Transportation Co)

Notification of Claims Against Collateral. The Borrower Borrowers will, immediately promptly upon becoming aware thereof, notify the Banks Agent 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 of the Agent or the Banks with respect to the Collateral, are subject.

Appears in 1 contract

Samples: Revolving Credit Agreement (Schuler Homes Inc)

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Notification of Claims 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 1 contract

Samples: Revolving Credit Agreement (Answer Think Consulting Group Inc)

Notification of Claims Against Collateral. The Borrower will, immediately upon becoming aware thereof, notify the Banks Agent 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 of the Agent or the Banks with respect to the Collateral, are subject.

Appears in 1 contract

Samples: Revolving Credit Agreement (Excel Legacy Corp)

Notification of Claims Against Collateral. The Borrower Each of the Borrowers will, immediately upon becoming aware thereof, notify the Banks Agent and each of the 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 Agreement (Transtechnology Corp)

Notification of Claims Against Collateral. The Borrower will, immediately upon becoming aware thereof, notify the Banks Agent 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: Amendment and Modification Agreement (Ccir of California Corp)

Notification of Claims Against Collateral. The Borrower will, immediately upon becoming aware thereof, notify the Banks Agent in writing of any setoff, claims (including, with respect to the Real Estate, environmental claims), withholdings or other defenses to which any material portion of the Collateral, or the Agent's rights with respect to the such Collateral, are subject.

Appears in 1 contract

Samples: Revolving Credit Agreement (Outsource International Inc)

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