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

Records and Reports; Notification of Default. Each Grantor will maintain complete and accurate books and records with respect to the Collateral, and furnish Agent, with sufficient copies for each of the Secured Parties, such reports relating to the Collateral as Agent shall from time to time reasonably request.

Appears in 2 contracts

Samples: Credit Agreement (Lilis Energy, Inc.), Senior Secured Term Loan Credit Agreement (Lilis Energy, Inc.)

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Records and Reports; Notification of Default. Each Grantor will maintain complete and accurate books and records with respect to the Collateral, and furnish Agent, with sufficient copies for each of the Secured Parties, such reports relating to the Collateral as Agent shall from time to time reasonably request. Each Grantor will give prompt notice in writing to Agent and the Secured Parties of the occurrence of any 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 (Gasco Energy Inc)

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Records and Reports; Notification of Default. Each Grantor will maintain complete and accurate books and records with respect to the Collateral, and furnish to the Administrative Agent, with sufficient copies for each of the Secured PartiesHolders, such reports relating to the Collateral as the Administrative Agent shall from time to time reasonably request.

Appears in 1 contract

Samples: Pledge and Security Agreement (NewStar Financial, Inc.)

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