Notification of Defaults. The Company, upon acquiring knowledge thereof, shall promptly notify Lender of any event of default, or any event which with the giving of notice or lapse of time, or both, would constitute an event of default, under the Transaction Documents, and describing the action the Company proposes to take with respect thereto.
Appears in 2 contracts
Samples: Limited Recourse Guaranty (Reschke Michael W), Pledge and Security Agreement (Reschke Michael W)
Notification of Defaults. The Company, upon acquiring knowledge ------------------------ thereof, shall promptly notify Lender of any event of default, or any event which with the giving of notice or lapse of time, or both, would constitute an event of default, under the Transaction Documents, and describing the action the Company proposes to take with respect thereto.
Appears in 2 contracts
Samples: Pledge and Security Agreement (Reschke Michael W), Limited Recourse Guaranty (Reschke Michael W)
