Notification of Events of Default and Adverse Developments. The Borrower shall promptly notify the Lender upon obtaining knowledge of the occurrence of:
Notification of Events of Default and Adverse Developments. Borrower promptly will notify Lender upon the occurrence of: (i) any Event of Default; (ii) any event which, with the giving of notice or lapse of time, or both, could constitute an Event of Default; (iii) any event, development or circumstance whereby the financial statements previously furnished to Lender fail in any material respect to present fairly, in accordance with GAAP, the financial condition and operational results of Borrower; (iv) any judicial, administrative or arbitration proceeding pending against Borrower, and any judicial or administrative proceeding known by Borrower to be threatened against it which, if adversely decided, could adversely affect its condition (financial or otherwise) or operations (present or prospective) or which may expose Borrower to uninsured liability of $25,000.00 or more; (v) any default claimed by any other creditor for Borrowed Money of Borrower other than Lender; and (vi) any other development in the business or affairs of Borrower which may be adverse; in each case describing the nature thereof and (in the case of notification under clauses (i) and (ii)) the action Borrower proposes to take with respect thereto.
Notification of Events of Default and Adverse Developments. Borrower promptly will notify Lender upon the occurrence of: (i) any Event of Default; (ii) any event which, with the giving of notice or lapse of time, or both, is reasonably likely to constitute an Event of Default; (iii) any event, development or circumstance whereby the financial statements previously furnished to Lender hereunder fail in any material respect to present fairly, in accordance with GAAP, the financial condition and operational results of Borrower as of the dates of such financial statements; (iv) any judicial, administrative or arbitration proceeding pending against Borrower, and any judicial or administrative proceeding known by Borrower to be threatened against it which, if adversely decided, could have a Material Adverse Effect on the condition (financial or otherwise) or operations (present or prospective) of Borrower or which may expose Borrower to uninsured liability of $500,000.00 or more; (v) any default claimed by any other creditor for borrowed money of Borrower other than Lender in excess of $200,000; and (vi) any other development in the business or affairs of Borrower which may have a Material Adverse Effect; in each case describing the nature thereof and (in the case of notification under clauses (i) and (ii)) the action Borrower proposes to take with respect thereto.
Notification of Events of Default and Adverse Developments. The Borrower shall promptly notify the Agent and the Lenders upon obtaining knowledge of the occurrence of:
Notification of Events of Default and Adverse Developments. The Borrower shall promptly notify the Agent upon obtaining knowledge of the occurrence of:
Notification of Events of Default and Adverse Developments. Borrowers promptly will ------------------------------------------------------------- notify Agent upon the occurrence of: (a) any Event of Default; (b) any Default; (c) and in any event, within ten (10) days of Borrowers' knowledge of, any judicial, administrative or arbitration proceeding pending against any Borrower, and any judicial or administrative proceeding known by any Borrower to be threatened against it, in each case, not recorded in the financial statements delivered under Section 6.1, or which, if adversely decided, would have a material adverse effect on the condition (financial or otherwise) or operations of the Borrowers taken as a whole or which may expose such Borrower to uninsured liability of $1,000,000 or more; (d) and in any event, within ten (10) days of Borrowers' knowledge of, any default claimed by any other creditor for Borrowed Money of any Borrower other than Lenders, which default has not been waived and would have a material adverse effect on the condition (financial or otherwise) or operations of the Borrowers, taken as a whole; (e) any consensual or voluntary Lien arising against the Collateral, other than Permitted Liens, in each case describing the nature of the event or development; (f) any non-consensual or involuntary Lien arising against the Collateral, other than Permitted Liens, provided that Borrowers shall be required to notify Agent only when Borrowers know or should know of the threat or existence of such Lien, in each case describing the nature of the event or development; or (g) the closing of any Facility. In the case of notification under clauses (a) and (b), Borrowers shall set forth any proposed action with respect to such event. In the case of notification under clause (f), Borrowers may, with the consent of Agent (which shall not be unreasonably withheld) update Schedule 1.104. --------------
Notification of Events of Default and Adverse Developments. Borrower shall promptly (and in any event within there Business Days) notify Lender of the occurrence of (i) any Incipient Default or Event of Default hereunder; (ii) any event, development or circumstance whereby any financial statements most recently furnished to Lender fail in any material respect to present fairly, in accordance with GAAP, the financial condition and operating results of Borrower as of the date of such financial statements; (iii) any material litigation or proceedings that are instituted or threatened (to the knowledge of Borrower) against Borrower, or any of its respective assets; (iv) each and every event which would be an Event of Default (or an event which with the giving of notice or lapse of time or both would be an Event of Default) under any Indebtedness of Borrower exceeding one hundred thousand dollars ($100,000), such notice to include the names and addresses of the holders of such indebtedness and the amount thereof; and (v) any other development in the business or affairs of Borrower if the effect thereof involves a significant risk of a Material Adverse Effect, in each case describing the nature thereof and the action Borrower proposes to take with respect thereto.
Notification of Events of Default and Adverse Developments. Borrower promptly will notify Lender upon the occurrence of: (i) any Event of Default; (ii) any event which, with the giving of notice or lapse of time, or both, could constitute an Event of Default; (iii) any material adverse event, not reflected or reserved against in the latest set of financial statements that
Notification of Events of Default and Adverse Developments. Each of the Borrowers shall promptly notify the Administrative Agent upon obtaining knowledge of the occurrence of:
Notification of Events of Default and Adverse Developments. Each of the Obligors shall promptly notify the Lender upon obtaining knowledge of the occurrence of:
