Promptly upon receipt thereof Clause Samples
The "Promptly upon receipt thereof" clause requires a party to take a specified action immediately or within a reasonable time after receiving something, such as a notice, document, or payment. In practice, this means that once a party receives the relevant item, they must act without undue delay, for example, by responding to a request or forwarding information. This clause ensures timely action and helps prevent unnecessary delays in contractual processes, thereby promoting efficiency and clarity in the parties' obligations.
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Promptly upon receipt thereof. Borrower shall deliver to Lender final copies of all reports submitted to Borrower by independent certified public accountants in connection with each annual, interim or special audit of the financial statements of Borrower and its Subsidiaries made by such accountants, including, without limitation, any comment letter submitted by such accountants to management in connection with their annual audit.
Promptly upon receipt thereof. (i) a copy of the results of each triennial examination by each Applicable Insurance Regulatory Authority of the financial condition and operations of the Borrower and any Regulated Subsidiary and (ii) a copy of each final annual report from the NAIC as to each Regulated Subsidiary's compliance with each of the IRIS Tests; (7) Promptly upon receipt thereof, a copy of any material correspondence, notice or report to or from any Applicable Insurance Regulatory Authority, including, without limitation, any NAIC specified survey filed with the NAIC and any management discussion and analysis report required by statute or regulation; (8) Promptly upon the mailing thereof to the shareholders of the Borrower generally or to holders of Subordinated Indebtedness generally, copies of all financial statements, reports and proxy statements so mailed and copies of all regular and periodic reports and all registration statements, if any, which the Borrower files with the Securities and Exchange Commission;
Promptly upon receipt thereof. If after Tenant shall have reassigned to Landlord any Accounts Receivable Tenant shall receive any remittance from or on behalf of any account debtor with respect to such Accounts Receivable, Tenant shall endorse without recourse such remittance to the order of Landlord and forward same to Landlord promptly upon receipt thereof.
Promptly upon receipt thereof any financial statements of Borrower distributed to other lenders or financing parties;
Promptly upon receipt thereof copies of any other information or documents received by Borrower pursuant to any Securitization Document (including, without limitation, monthly servicing reports with respect to each Securitization);
Promptly upon receipt thereof. The Agent shall promptly notify the Borrower and the other Lenders of each change in the Base Rate and the effective date thereof.
Promptly upon receipt thereof. (i) copies of any federal revenue agent's reports (so called "thirty-day letter") issued by the IRS, and copies of any equivalent documents from state or local tax authorities; (ii) copies of any federal notice of deficiency (so-called "ninety-day letters") issued by the IRS, and copies of any equivalent documents from state or local tax authorities; and (iii) copies of any information requests or document requests received from federal, state or local tax authorities that are not in the ordinary course of business.