Common use of Notification of Material Adverse Change Clause in Contracts

Notification of Material Adverse Change. Promptly notify the Bank in writing of (a) any material adverse changes in the business prospects or financial condition of the Borrower or any of the Guarantors; and (b) any accounting rule change that would have a material adverse effect on the business or financial condition of the Borrower.

Appears in 2 contracts

Samples: Loan Agreement (Nashua Corp), Loan Agreement (Pennichuck Corp)

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Notification of Material Adverse Change. Promptly Borrower will notify the Bank in writing of (a) any material adverse changes change in the financial condition of Borrower and of any material adverse change in the business prospects or financial condition operations of the Borrower or any of the Guarantors; and (b) any accounting rule change that would have a material adverse effect on the business or financial condition of the Borrower.

Appears in 1 contract

Samples: Loan Agreement (Transcrypt International Inc)

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Notification of Material Adverse Change. Promptly notify the Bank in writing of (a) any material adverse changes in the business prospects or financial condition of the Borrower or any of the GuarantorsGuarantor; and (b) any accounting rule change that would have a material adverse effect on the business or financial condition of the Borrower.

Appears in 1 contract

Samples: Loan Agreement (Pennichuck Corp)

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