Common use of Notification of Material Adverse Change Clause in Contracts

Notification of Material Adverse Change. Borrower shall notify Lender within five business days after there occurs or arises any circumstance or event which might reasonably be expected to constitute or cause either a material adverse change in its financial or business condition or a material diminution in the value of its tangible or intangible property.

Appears in 4 contracts

Samples: Loan Agreement (Viisage Technology Inc), 51 Loan Agreement (Viisage Technology Inc), Loan Agreement (Viisage Technology Inc)

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Notification of Material Adverse Change. Borrower shall will notify Lender within five business days after there occurs or arises any circumstance or event occurrence which might reasonably be expected to constitute or cause either a material adverse change in its the financial or business condition of any or all of the Obligors or a material diminution in the value of any material part of its tangible or intangible propertyproperty of any or all of the Obligors.

Appears in 1 contract

Samples: Loan Agreement (Boston Restaurant Associates Inc)

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Notification of Material Adverse Change. Borrower shall Borrowers will notify Lender within five business days after there occurs or arises any circumstance or event occurrence which might reasonably be expected to constitute or cause either a material adverse change in its the financial or business condition of any or all of the Obligors or a material diminution in the value of any material part of its tangible or intangible propertyproperty of any or all of the Obligors.

Appears in 1 contract

Samples: Loan Agreement (Boston Restaurant Associates Inc)

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