Common use of PROVISION OF NOTICE Clause in Contracts

PROVISION OF NOTICE. The Pledgor agrees that, until all outstanding Option Loans have been repaid in full, it will notify the Lender and the Options Office immediately upon the occurrence of any of the following events: (a) the Pledgor fails to fulfill or discharge any of its obligations or agreements under or relating to any of the Agreements; (b) any representation made or repeated or deemed to have been made or repeated by the Pledgor under the Agreements is or becomes incorrect or misleading in any material respect; (c) any event occurs that would cause any Option Loans to become immediately payable without demand or notice to the Pledgor; (d) the Security Interests fail at any time to constitute valid and perfected security interests in all of the Collateral securing all obligations purported to be secured thereby, subject to no prior or equal lien, security interest or other encumbrance of any kind and as to which the Collateral Agent will have control (as defined in Section 8-106 of the UCC); or (e) any Potential Event of Default or Event of Default by the Pledgor occurs under the Agreements.

PROVISION OF NOTICE. The Pledgor agrees that, until all outstanding Option Collar Loans have been repaid in full, it will notify the Lender and the Options Collars Office immediately upon the occurrence of any of the following events: (a) the Pledgor fails to fulfill or discharge any of its obligations or agreements under or relating to any of the Agreements; (b) any representation made or repeated or deemed to have been made or repeated by the Pledgor under the Agreements is or becomes incorrect or misleading in any material respect; (c) any event occurs that would cause any Option Collar Loans to become immediately payable without demand or notice to the Pledgor; (d) the Security Interests fail at any time to constitute valid and perfected security interests in all of the Collateral securing all obligations purported to be secured thereby, subject to no prior or equal lien, security interest or other encumbrance of any kind and as to which the Collateral Agent will have control (as defined in Section 8-106 of the UCC); or (e) any Potential Event of Default or Event of Default by the Pledgor occurs under the Agreements.