Common use of Shareholder and creditor notices Clause in Contracts

Shareholder and creditor notices. The Borrower will send the Agent, at the same time as they are despatched, copies of all documents which are despatched: (a) to the Borrower’s creditors generally; (b) if there is no Event of Default, to its shareholders (or any class of them) which the Borrower is required to despatch by law; and (c) if there is an Event of Default which is continuing, all documents despatched by the Borrower to its shareholders (or any class of them).

Shareholder and creditor notices. The Borrower will send the AgentLender, at the same time as they are despatched, copies of all documents which are despatched: (a) to the Borrower’s creditors generally; (b) if there is no Event of Default, to its shareholders (or any class of them) which the Borrower is required to despatch by law; and (c) if there is an Event of Default which is continuing, all documents despatched by the Borrower to its shareholders (or any class of them).

Shareholder and creditor notices. The the Borrower will send the Agent, at the same time as they are despatched, copies of all documents which are despatched: (a) to the Borrower’s creditors generally; (b) if there is no Event of Default, to its shareholders (or any class of them) which the Borrower is required to despatch by law; and (c) if there is an Event of Default which is continuing, all documents despatched by the Borrower to its shareholders (or any class of them).