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

Records and Reports; Notification of Default. The Borrower shall maintain complete and accurate books and records with respect to the Collateral, and furnish to the Lender such reports relating to the Collateral as the Lender shall from time to time request. The Borrower shall give prompt notice in writing to the Lender of the occurrence of any Event of Default or Default and of any other development, financial or otherwise, which might materially and adversely affect the Collateral.

Appears in 2 contracts

Samples: Revolving Loan Agreement (Acacia Diversified Holdings, Inc.), Asset Purchase Agreement (Acacia Automotive Inc)

AutoNDA by SimpleDocs

Records and Reports; Notification of Default. The Borrower shall maintain complete and accurate books and records with respect to the Collateral, and furnish to the Lender Bank, such reports relating to the Collateral as the Lender Bank shall from time to time request. The Borrower shall give prompt notice in writing to the Lender Bank of the occurrence of any Event of Default or Default and of any other development, financial or otherwise, which might materially and adversely affect the Collateral.

Appears in 1 contract

Samples: Continuing Security Agreement (Neoprobe Corp)

Records and Reports; Notification of Default. The Borrower shall will maintain complete and accurate books and records with respect to the Collateral, and furnish to the Agent or any Lender such reports records relating to the Collateral as the Lender Agent shall from time to time request. The Borrower shall will give prompt notice in writing to the Lender Agent of the occurrence of any Default or Event of Default or Default and of any other development, financial or otherwise, which might materially and adversely affect the Collateral.

Appears in 1 contract

Samples: Security Agreement (Lilis Energy, Inc.)

Records and Reports; Notification of Default. The Borrower Debtor shall maintain complete and accurate books and records with respect to the Collateral, and furnish to the Lender Bank such reports relating to the Collateral as the Lender Bank shall from time to time request. The Borrower Debtor shall give prompt notice in writing to the Lender Bank of the occurrence of any Event of Unmatured Default or Default and of any other development, financial or otherwise, which might materially and adversely affect the Collateral.

Appears in 1 contract

Samples: Continuing Security Agreement (Bancinsurance Corp)

AutoNDA by SimpleDocs

Records and Reports; Notification of Default. The Borrower shall Debtor will maintain complete and accurate books and records with respect to the Collateral, and furnish to the Lender Lender, such reports relating to the Collateral as the Lender shall from time to time request. The Borrower shall Debtor will give prompt notice in writing to the Lender of the occurrence of any Event of Default or Unmatured Default and of any other development, financial or otherwise, which might materially and adversely affect the Collateral.

Appears in 1 contract

Samples: Pledge and Security Agreement (Mobility Electronics Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.