Common use of Notification of material developments Clause in Contracts

Notification of material developments. (a) The Issuer shall promptly after becoming aware of the occurrence thereof notify each Dealer of (A) any Event of Default or any condition, event or act which would after an issue of Notes (or would with the giving of notice and/or the lapse of time) constitute an Event of Default or (B) any material breach of the representations and warranties or undertakings contained in the Agreements.

Appears in 3 contracts

Samples: Programme Agreement (International Lease Finance Corp), Agreement (International Lease Finance Corp), Programme Agreement (International Lease Finance Corp)

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Notification of material developments. (a) 5.1 The Issuer shall promptly after becoming aware of the occurrence thereof notify each Dealer of (A) any Event of Default or any condition, event or act which would after an issue of Notes (or would which, with the giving of notice and/or the lapse of timetime (after an issue of Notes) would constitute an Event of Default or (B) any material breach of the representations and warranties or undertakings contained in this Agreement, the AgreementsAgency Agreement or the Deed of Covenant or any of them.

Appears in 2 contracts

Samples: Agreement (Pepsico Inc), Agreement (Pepsico Inc)

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Notification of material developments. (a) 5.1.1 The Issuer shall promptly after becoming aware of the occurrence thereof notify each Dealer of (A) any Event of Default or any condition, event or act which would after an issue of Notes (or would with the giving of notice and/or the lapse of time) constitute an Event of Default or (B) to the extent that it is material in the context of the Programme or the issue of Notes any material breach of the representations and warranties or undertakings contained in this Agreement and/or the AgreementsAgency Agreement.

Appears in 1 contract

Samples: Programme Agreement (Coca Cola Enterprises Inc)

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