Common use of Notification of Default, Etc Clause in Contracts

Notification of Default, Etc. Notify the Bank as promptly as practicable (but in any event not later than three (3) 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 could materially adversely affect the financial condition or business operations of the Borrower.

Notification of Default, Etc. Notify the Bank as promptly as practicable (but in any event not later than three (3) 5 Business Days) after the 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 that could materially adversely affect the financial condition or business operations of the Borrower.

Notification of Default, Etc. Notify the Bank Lender as promptly as practicable (but in any event not later than three (3) 5 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 could materially adversely affect the financial condition or business operations of the Borrower.

Notification of Default, Etc. Notify the Bank as promptly as practicable (but in any event not later than three (3) 5 Business Days) after the Borrower obtains knowledge of: (i) the occurrence of any event which that constitutes an Event of Default or which that 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 that could materially adversely affect the financial condition or business operations of the Borrower.

Notification of Default, Etc. Notify the Bank as promptly as practicable (but in any event not later than three (3) 5 Business Days) after the Borrower or Medacquisition 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 that could materially adversely affect the financial condition or business operations of the BorrowerBorrower or Medacquisition.