Common use of Notification of material developments Clause in Contracts

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

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