Contract Obligations. In the event that Borrower or any Subsidiary commits any material default in any material contract to which it is a party, Borrower shall notify the Lender promptly in writing. Borrower shall provide the Lender promptly with copies of any cure notices or stop work notices it or any of its Subsidiaries may receive from the Government on any Government Contract and detail the proposed corrective action.
Appears in 1 contract
Sources: Revolving Line of Credit Loan and Security Agreement (Integral Systems Inc /Md/)
Contract Obligations. In the event that Borrower or any Subsidiary commits any -------------------- material default in any material contract to which it is a party, Borrower shall notify the Lender promptly in writing. Borrower shall provide the Lender promptly with copies of any cure notices or stop work notices it or any of its Subsidiaries may receive from the Government on any Government Contract and detail the proposed corrective action.
Appears in 1 contract
Sources: Revolving Line of Credit Loan Agreement and Security Agreement (Integral Systems Inc /Md/)
Contract Obligations. In the event that Borrower or any Subsidiary commits any material default in any material contract to which it is a party, Borrower shall notify the Lender promptly in writing. Borrower shall provide the Lender promptly with copies of any cure notices or stop work notices it or any of its Subsidiaries may receive from the Government on any Government Contract and detail the proposed corrective action.
Appears in 1 contract
Sources: Revolving Line of Credit Loan Agreement (Integral Systems Inc /Md/)