Common use of Notification of Events of Default and Adverse Developments Clause in Contracts

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, 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 Borrower 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)

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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, is reasonably likely to constitute an Event of Default; (iiib) any event, development or circumstance whereby the any financial statements previously most recently furnished to Lender hereunder fail in any material respect to present fairly, in accordance with GAAP, the financial condition and operational operating results of Borrower as of the dates date of such financial statements;; (

Appears in 1 contract

Samples: Credit Agreement (Hawker Pacific Aerospace)

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, 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 Borrower as of the dates of such financial statements;financial

Appears in 1 contract

Samples: Loan and Security Agreement (Trizetto Group 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, is reasonably likely to constitute an Event of Default; (iii2) 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 Borrower as of the dates of such financial statementsBorrower;

Appears in 1 contract

Samples: Loan Agreement (Tandem Health Care, Inc.)

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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, is reasonably likely to constitute an Event of Default; (iiib) any event, development or circumstance circumstances whereby the any financial statements previously most recently furnished to Lender hereunder fail in any material respect to present fairly, in accordance with GAAP, the financial condition and operational operating results of Borrower as of the dates date of such financial statements;; (

Appears in 1 contract

Samples: Facility Agreement (Hawker Pacific Aerospace)

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, is reasonably likely to could constitute an Event of Default; (iiic) 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 Borrower as of the dates of such financial statementsBorrower;

Appears in 1 contract

Samples: Loan and Security Agreement (Star Multi Care Services Inc)

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