Common use of Records and Reports; Notification of Default Clause in Contracts

Records and Reports; Notification of Default. Each Grantor shall keep and maintain complete, accurate and proper books and records with respect to the Collateral owned by such Grantor, and furnish to the Collateral Agent, with sufficient copies for each of the Secured Parties, such reports relating to the Collateral as the Collateral Agent shall from time to time reasonably request. Each Grantor will give prompt notice in writing to the Collateral Agent and the Lenders of the occurrence and continuance of a Default and of any other development, financial or otherwise, which could reasonably be expected to materially and adversely affect the Collateral.

Appears in 1 contract

Samples: Pledge and Security Agreement (Tennant Co)

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Records and Reports; Notification of Default. Each Grantor shall keep and maintain complete, accurate and proper books and records with respect to the Collateral owned by such Grantor, and furnish to the Collateral Administrative Agent, with sufficient copies for each of the Holders of Secured PartiesObligations, such reports relating to the Collateral as the Collateral Administrative Agent shall from time to time reasonably request. Each Grantor will give prompt notice in writing to the Collateral Administrative Agent and the Lenders of the occurrence and continuance of a any Default or Unmatured Default and of any other development, financial or otherwise, which could reasonably be expected to might materially and adversely affect the Collateral.

Appears in 1 contract

Samples: Security Agreement (Abx Air Inc)

Records and Reports; Notification of Default. Each Grantor shall keep and maintain complete, accurate and proper books and records with respect to the Collateral owned by such GrantorGrantor that are complete and accurate in all material respects, and furnish to the Collateral Administrative Agent, with sufficient copies for each of the Secured Parties, such reports relating to the Collateral as the Collateral Administrative Agent shall from time to time reasonably request. Each Grantor will give prompt notice in writing to the Collateral Administrative Agent and the Lenders of the occurrence and continuance of a any Default or Event of Default and of any other development, financial or otherwise, which could reasonably be expected to might materially and adversely affect the Collateral.

Appears in 1 contract

Samples: Pledge and Security Agreement (Layne Christensen Co)

Records and Reports; Notification of Default. Each Grantor shall keep and maintain in all material respects complete, accurate and proper books and records with respect to the Collateral owned by such Grantor, and furnish to the Collateral Administrative Agent, with sufficient copies for each of the Holders of Secured PartiesObligations, such reports relating to the Collateral as the Collateral Administrative Agent shall from time to time reasonably request. Each Grantor will give prompt notice in writing to the Collateral Administrative Agent and the Lenders of the occurrence and continuance of a any Default and of any other development, financial or otherwise, which could reasonably be expected to might materially and adversely affect the Collateral.

Appears in 1 contract

Samples: Pledge and Security Agreement (Innerworkings Inc)

Records and Reports; Notification of Default. Each Grantor shall keep will maintain complete and maintain complete, accurate and proper books and records with respect to the Collateral owned by such GrantorCollateral, and furnish to the Collateral Agent, with sufficient copies for each of the Secured PartiesLenders and Purchasers, such reports relating to the Collateral as the Collateral Agent shall from time to time reasonably request. Each Grantor The Borrower will give prompt notice in writing to the Collateral Agent, the Agent and the Lenders Purchasers of the occurrence and continuance of a any Default or Unmatured Default and of any other development, financial or otherwise, which could reasonably be expected to might materially and adversely affect the Collateral.

Appears in 1 contract

Samples: Security Agreement (Astec Industries Inc)

Records and Reports; Notification of Default. Each Grantor shall (i) keep and maintain complete, accurate and proper books and records with respect to the Pledged Collateral owned by such Grantor, Grantor and furnish to the Collateral Administrative Agent, with sufficient copies for each of the Secured PartiesHolders of Obligations, such reports relating to the its respective Pledged Collateral as the Collateral Administrative Agent shall from time to time reasonably request. Each Grantor will request and (ii) give prompt notice in writing to the Collateral Administrative Agent and the Lenders of the occurrence and continuance of a any Default and of any other development, financial or otherwise, which could reasonably be expected to materially and adversely affect the its respective Pledged Collateral.

Appears in 1 contract

Samples: Credit Agreement (Florida Gaming Corp)

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Records and Reports; Notification of Default. Each Grantor shall keep and maintain complete, accurate and proper books and records with respect to the Pledged Collateral owned by such Grantor, Grantor and furnish to the Collateral Administrative Agent, with sufficient copies for each of the Holders of Secured PartiesObligations, such reports relating to the its respective Pledged Collateral as the Collateral Administrative Agent shall from time to time reasonably request. Each Grantor will give prompt notice in writing to the Collateral Administrative Agent and the Lenders of the occurrence and continuance of a any Event of Default and of any other development, financial or otherwise, which could reasonably be expected to might materially and adversely affect the its respective Pledged Collateral.

Appears in 1 contract

Samples: Credit Agreement (Central Garden & Pet Co)

Records and Reports; Notification of Default. Each Grantor shall keep and maintain complete, accurate and proper books and records with respect to the Collateral owned by such Grantor, and furnish to the Collateral Administrative Agent, with sufficient copies for each of the Holders of Secured PartiesObligations, such reports relating to the Collateral as the Collateral Administrative Agent shall from time to time reasonably request. Each Grantor will give prompt notice in writing to the Collateral Administrative Agent and the Lenders of the occurrence and continuance of a any Default or Event of Default and of any other development, financial or otherwise, which could reasonably be expected to might materially and adversely affect the Collateral.

Appears in 1 contract

Samples: Pledge and Security Agreement (Inergy L P)

Records and Reports; Notification of Default. Each Grantor shall keep and maintain complete, accurate and proper books and records with respect to the Collateral owned by such Grantor, and furnish to the Collateral Administrative Agent, with sufficient copies for each of the Secured Parties, such reports relating to the Collateral as the Collateral Administrative Agent shall from time to time reasonably request. Each Grantor will give prompt notice in writing to the Collateral Administrative Agent and the Lenders of the occurrence and continuance of a any Default or Event of Default and of any other development, financial or otherwise, which could reasonably be expected to materially and adversely affect the Collateral.

Appears in 1 contract

Samples: Credit Agreement (Tennant Co)

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