Common use of Notification of Liens Clause in Contracts

Notification of Liens. The Borrower will promptly notify the Bank, but in any event within seven (7) days, after it knows of the existence or asserted existence of any Lien on any of its Properties (excluding only Permitted Liens).

Appears in 1 contract

Samples: Loan Agreement (Beard Co /Ok)

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Notification of Liens. The Borrower Borrowers will promptly notify the --------------------- Bank, but in any event within seven (7) days, after it knows they know of the existence or asserted existence of any Lien on the Collateral or on any of its Properties (other assets and properties, excluding only Permitted Liens).

Appears in 1 contract

Samples: Credit Agreement (Matrix Service Co)

Notification of Liens. The Borrower Borrowers will promptly notify the Bank, but in any event within seven (7) days, after it knows they know of the existence or asserted existence of any Lien on the Collateral or on any of its Properties (other assets and properties, excluding only Permitted Liens).

Appears in 1 contract

Samples: Credit Agreement (Matrix Service Co)

Notification of Liens. The Borrower Each of the Borrowers will promptly notify the Bank, but in any event within seven (7) days, after it knows of the existence or asserted existence of any Lien on any of its Properties (Properties, excluding only Permitted Liens (other than statutory Liens of the type described in clause (ii)(B) of the definition of "Permitted Liens").

Appears in 1 contract

Samples: Loan Agreement (Eateries Inc)

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Notification of Liens. The Borrower Borrowers will promptly notify the --------------------- Bank, but in any event within seven (7) days, after it a Responsible Officer knows of the existence or asserted existence of any Lien on the Collateral or on any of its Properties (other assets and properties, excluding only Permitted Liens).

Appears in 1 contract

Samples: Credit Agreement (Matrix Service Co)

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