Common use of Notification of Default, Etc Clause in Contracts

Notification of Default, Etc. Notify Bank as promptly as practicable (but in any event not later than five Business Days) after Borrower obtains knowledge of (i) the occurrence of any event which constitutes an Event of Default or which would constitute an Event of Default with the passage of time or the giving of notice or both; or (ii) the commencement of any litigation or governmental proceedings of any type which reasonably foreseeably would materially adversely affect the financial condition or business operations of Borrower or any of its Subsidiaries.

Notification of Default, Etc. Notify the Bank as promptly as practicable (but in any event not later than five 5 Business Days) after any Borrower obtains knowledge of of: (i) the occurrence of any event which constitutes an Event of Default or which would constitute an Event of Default with the passage of time or the giving of notice or both; or (ii) the commencement of any litigation or governmental proceedings of any type which reasonably foreseeably would that could materially adversely affect the financial condition or business operations of Borrower Acquisition Corporation or any of its SubsidiariesBorrower.

Notification of Default, Etc. Notify Bank the Lender as promptly as practicable (but in any event not later than five Business Days5 business days) after Borrower obtains knowledge of (i) the occurrence of any event which constitutes an Event of Default or which would constitute an Event of Default with the passage of time or the giving of notice or both; or (ii) the commencement of any litigation or governmental proceedings of any type which reasonably foreseeably would materially adversely affect the financial condition or business operations of Borrower or any of its Subsidiaries.