Notification of Events of Default and Adverse Developments. Borrower promptly will notify Lender upon the occurrence of: (i) any Event of Default; (ii) any event which, with the giving of notice or lapse of time, or both, could constitute an Event of Default; (iii) any event, development or circumstance whereby the financial statements previously furnished to Lender fail in any material respect to present fairly, in accordance with GAAP, the financial condition and operational results of Borrower;
Appears in 11 contracts
Samples: Loan and Security Agreement (Numed Home Health Care Inc), Loan and Security Agreement (Numed Home Health Care Inc), Loan and Security Agreement (Allion Healthcare Inc)
Notification of Events of Default and Adverse Developments. Borrower promptly will notify Lender upon the occurrence of: (ia) any Event of Default; (iib) any event which, with the giving of notice or lapse of time, or both, could constitute an Event of Default; (iiic) any event, development or circumstance whereby the financial statements previously furnished to Lender fail in any material respect to present fairly, in accordance with GAAP, the financial condition and operational results of Borrower;
Appears in 4 contracts
Samples: Loan and Security Agreement (Raintree Healthcare Corp), Loan and Security Agreement (Raintree Healthcare Corp), Loan and Security Agreement (Company Doctor)
Notification of Events of Default and Adverse Developments. Borrower promptly will notify Lender upon the occurrence of: (i) any Event of Default; (ii) any event which, with the giving of notice or lapse of time, or both, could constitute an Event of Default; (iii) any material adverse event, development not reflected or circumstance whereby reserved against in the latest set of financial statements previously furnished to Lender fail in any material respect to present fairly, in accordance with GAAP, the financial condition and operational results of Borrower;that
Appears in 2 contracts
Samples: Loan and Security Agreement (Phymatrix Corp), Loan and Security Agreement (Phymatrix Corp)
Notification of Events of Default and Adverse Developments. Borrower promptly will notify Lender upon the occurrence of: (i) any Event of Default; (ii) any event which, with the giving of notice or lapse of time, or both, could is reasonably likely to constitute an Event of Default; (iii) any event, development or circumstance whereby the financial statements previously furnished to Lender hereunder fail in any material respect to present fairly, in accordance with GAAP, the financial condition and operational results of BorrowerBorrower as of the dates of such financial statements;
Appears in 2 contracts
Samples: Secured Term Note (Trizetto Group Inc), Secured Term Note (Trizetto Group Inc)
Notification of Events of Default and Adverse Developments. Borrower promptly will notify Lender upon the occurrence of: (ia) any Event of Default; (iib) any event whichthat, with the giving of notice or lapse of time, or both, could constitute an Event of Default; (iiic) any event, development or circumstance whereby the financial statements previously furnished to Lender fail in any material respect to present fairly, in accordance with GAAP, the financial condition and operational results of Borrower;
Appears in 2 contracts
Samples: Loan and Security Agreement (Idx Systems Corp), Loan and Security Agreement (Drkoop Com Inc)
Notification of Events of Default and Adverse Developments. Borrower promptly will notify Lender upon the occurrence of: (i) any Event of Default; (ii) any event which, with the giving of notice or lapse of time, or both, could constitute an Event of Default; (iii) any event, development or circumstance whereby the financial statements previously furnished to Lender fail in any material respect to present fairly, in accordance with GAAP, the financial condition and operational results of Borrower;of
Appears in 1 contract
Samples: Loan and Security Agreement (Intensiva Healthcare Corp)
Notification of Events of Default and Adverse Developments. Borrower will promptly will notify Lender upon of the occurrence of:
(ia) any Incipient Default or Event of DefaultDefault hereunder; (ii) any event which, with the giving of notice or lapse of time, or both, could constitute an Event of Default; (iiib) any event, development or circumstance whereby the any financial statements previously most recently furnished to Lender fail in any material respect to present fairly, in accordance with GAAP, the financial condition and operational operating results of Borrower;Borrower as of the date of such financial statements; (
Appears in 1 contract
Notification of Events of Default and Adverse Developments. Borrower promptly will shall notify Lender promptly upon the occurrence of: :
(ia) any Event of Default; (iib) any event which, with the giving of notice or lapse of time, time or both, could constitute an Event of Default; (iiic) any event, development or circumstance whereby the financial statements previously furnished to Lender fail in any material respect to present fairly, in accordance with GAAP, the financial condition and operational results of Borrower;
Appears in 1 contract
Samples: Loan and Security Agreement (New York Health Care Inc)
Notification of Events of Default and Adverse Developments. Borrower promptly will notify Lender upon the occurrence of: :
(ia) any Event of Default; (iib) any event whichthat, with the giving of notice or lapse of time, or both, could constitute an Event of Default; (iiic) any event, development or circumstance whereby the financial statements previously furnished to Lender fail in any material respect to present fairly, in accordance with GAAP, the financial condition and operational results of Borrower;
Appears in 1 contract
Samples: Loan and Security Agreement (Star Multi Care Services Inc)
Notification of Events of Default and Adverse Developments. Borrower promptly will notify Lender upon the occurrence of: (i1) any Event of Default; (ii) any event which, with the giving of notice or lapse of time, or both, could constitute an Event of Default; (iii2) any event, development or circumstance whereby the financial statements previously furnished to Lender fail in any material respect to present fairly, in accordance with GAAP, the financial condition and operational results of Borrower;
Appears in 1 contract
Notification of Events of Default and Adverse Developments. Borrower will promptly will notify Lender upon of the occurrence of: of (ia) any Incipient Default of Event of DefaultDefault hereunder; (ii) any event which, with the giving of notice or lapse of time, or both, could constitute an Event of Default; (iiib) any event, development or circumstance circumstances whereby the any financial statements previously most recently furnished to Lender fail in any material respect to present fairly, in accordance with GAAP, the financial condition and operational operating results of Borrower;Borrower as of the date of such financial statements; (
Appears in 1 contract
Notification of Events of Default and Adverse Developments. Borrower will promptly will notify Lender upon of the occurrence of: of (ia) any Incipient Default or Event of DefaultDefault hereunder; (ii) any event which, with the giving of notice or lapse of time, or both, could constitute an Event of Default; (iiib) any event, development development, or circumstance whereby the any financial statements previously most recently furnished to Lender fail in any material respect to present fairly, in accordance with GAAP, the financial condition and operational operating results of Borrower;Borrower as of the date of such financial statements; (
Appears in 1 contract
Notification of Events of Default and Adverse Developments. Borrower promptly will notify Lender upon the occurrence of: :
(ia) any Event of Default; (iib) any event which, with the giving of notice or lapse of time, or both, could constitute an Event of Default; (iiic) any event, development or circumstance whereby the financial statements previously furnished to Lender fail in any material respect to present fairly, in accordance with GAAP, the financial condition and operational results of Borrower;
Appears in 1 contract
Samples: Loan and Security Agreement (International Nursing Services Inc)
Notification of Events of Default and Adverse Developments. Borrower shall promptly will notify Lender upon obtaining knowledge of the occurrence of: :
(ia) any Event of Default; ;
(iib) any event which, with the giving of notice or lapse of time, or both, could constitute an Event of Default; ;
(iiic) any event, development litigation instituted or circumstance whereby threatened in writing against Borrower and of the financial statements previously furnished to Lender fail in entry of any material respect to present fairly, in accordance with GAAP, judgment or Lien (other than any Permitted Liens) against any of the financial condition and operational results of Borrower;assets or
Appears in 1 contract
Notification of Events of Default and Adverse Developments. Borrower promptly will notify Lender upon the occurrence of: (i) any Event of Default; (ii) any event which, with the giving of notice or lapse of time, or both, could would constitute an Event of Default; (iii) any event, development or circumstance whereby the financial statements previously furnished to Lender fail in any material respect to present fairly, in accordance with GAAP, the financial condition and operational results of Borrower;
Appears in 1 contract
Notification of Events of Default and Adverse Developments. Borrower promptly will notify Lender upon the occurrence of: (ia) any Event of Default; (iib) any event which, with the giving of notice or lapse of time, or both, could constitute an Event of Default; (iii) any event, development or circumstance whereby the financial statements previously furnished to Lender fail in any material respect to present fairly, in accordance with GAAP, the financial condition and operational results of Borrower;of
Appears in 1 contract
Samples: Loan and Security Agreement (Retirement Care Associates Inc /Co/)
