Records and Reports; Notice of Default. The Grantor shall keep and maintain complete, accurate and proper books and records with respect to the Pledged Collateral owned by such Grantor, and furnish to the Trustee, such reports relating to the Pledged Collateral as the Trustee shall from time to time reasonably request. The Grantor will give prompt notice in writing to the Trustee of the occurrence of any Default under Section 5.1 and of any other development, financial or otherwise, which could reasonably be expected to materially and adversely affect the Pledged Collateral.
Appears in 7 contracts
Samples: Pledge and Security Agreement (Red Oak Capital Fund Series, LLC), Pledge and Security Agreement (MCI Income Fund VII, LLC), Pledge and Security Agreement (Red Oak Capital Intermediate Income Fund, LLC)
Records and Reports; Notice of Default. The Each Grantor shall keep and maintain complete, accurate and proper books and records with respect to the Pledged Collateral owned by such Grantor, and furnish to the Trustee, such reports relating to the Pledged Collateral as the Trustee shall from time to time reasonably request. The Each Grantor will give prompt notice in writing to the Trustee of the occurrence of any Default under Section 5.1 6.1 and of any other development, financial or otherwise, which could reasonably be expected to materially and adversely affect the Pledged Collateral.
Appears in 6 contracts
Samples: Pledge and Security Agreement, Pledge and Security Agreement (GWG Holdings, Inc.), Pledge and Security Agreement (GWG Life, LLC)
