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, not reflected or reserved against in the latest set of financial statements 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 constitute an Event of Default; (iii) any material adverse event, not reflected or reserved against in the latest set of financial statements thatof
Appears in 1 contract
Samples: Loan and Security Agreement (Intensiva Healthcare Corp)
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 material adverse event, not reflected or reserved against in the latest set of financial statements thatof
Appears in 1 contract
Samples: Loan and Security Agreement (Retirement Care Associates Inc /Co/)
