REPORTING COVENANTS DESCRIPTION APPLICABLE Clause Samples

REPORTING COVENANTS DESCRIPTION APPLICABLE. Legal action which could reasonably be expected to have MAE Notify promptly upon notice YES NO Mergers & Acquisitions > $5,000,000 10 – 90 days prior to date of acquisition closing YES NO Cross default with other agreements Notify promptly upon notice YES NO > $1,000,000 YES NO Judgment > $1,000,000 Notify promptly upon notice YES NO