Common use of Default Notices Clause in Contracts

Default Notices. Seller and Guarantors shall each furnish to Buyer (i) promptly, copies of any material and adverse notices (including, without limitation, notices of defaults, breaches, potential defaults or potential breaches) and any material financial information that is not otherwise required to be provided by Seller or Guarantors hereunder which is given to Seller’s or Guarantors’ lenders and (ii) immediately, notice of the occurrence of any (A) Event of Default hereunder, (B) default or breach by Seller, Guarantors or any Servicer which is an Affiliate of any obligation under any Program Agreement or any material contract or agreement of Seller, Guarantors or any Servicer which is an Affiliate or (C) event or circumstance that such party reasonably expects has resulted in, or will, with the passage of time, result in, a Material Adverse Effect or an Event of Default or such a default or breach by such party.

Default Notices. Seller and Guarantors or Guarantor shall each furnish to Buyer (i) promptly, copies of any material and adverse notices (including, without limitation, notices of defaults, breaches, potential defaults or potential breaches) and any material financial information that is not otherwise required to be provided by Seller or Guarantors Guarantor hereunder which is given to Seller’s or Guarantors’ Guarantor’s lenders and (ii) immediately, notice of the occurrence of any (A) Event of Default hereunder, (B) default or breach by Seller, Guarantors Seller or any Servicer which is an Affiliate or Guarantor of any obligation under any Program Agreement or any material contract or agreement of Seller, Guarantors Seller or any Servicer which is an Affiliate or Guarantor or (C) event or circumstance that such party reasonably expects has resulted in, or will, with the passage of time, result in, a Material Adverse Effect or an Event of Default or such a default or breach by such party.

Default Notices. Seller and Parties or Guarantors shall each furnish to Buyer Administrative Agent (i) promptly, copies of any material and adverse notices (including, without limitation, notices of defaults, breaches, potential defaults or potential breaches) and any material financial information that is not otherwise required to be provided by Seller Parties or Guarantors hereunder which is given to Seller’s Seller Parties’ or Guarantors’ lenders and (ii) immediately, notice of the occurrence of any (A) Event of Default hereunder, (B) default or breach by Seller, Seller Parties or Servicer or Guarantors or any Servicer which is an Affiliate of any obligation under any Program Agreement or any material contract or agreement of SellerSeller Parties, Servicer or Guarantors or any Servicer which is an Affiliate or (C) event or circumstance that such party reasonably expects has resulted in, or will, with the passage of time, result in, a Material Adverse Effect or an Event of Default or such a default or breach by such party.

Default Notices. Seller and or Guarantors shall each furnish to Buyer (i) promptly, copies of any material and adverse notices (including, without limitation, notices of defaults, breaches, potential defaults or potential breaches) and any material financial information that is not otherwise required to be provided by Seller or Guarantors hereunder which is given to Seller’s or Guarantors’ Guarantor’s lenders and (ii) immediately, notice of the occurrence of any (A) Event of Default hereunder, (B) default or breach by Seller, Seller or Servicer or Guarantors or any Servicer which is an Affiliate of any obligation under any Program Agreement or any material contract or agreement of Seller, Seller or Servicer or Guarantors or any Servicer which is an Affiliate or (C) event or circumstance that such party reasonably expects has resulted in, or will, with the passage of time, result in, a Material Adverse Effect or an Event of Default or such a default or breach by such party.

Default Notices. Seller and Guarantors Sellers or Guarantor shall each furnish to Buyer (i) promptly, copies of any material and adverse notices (including, without limitation, notices of defaults, breaches, potential defaults or potential breaches) and any material financial information that is not otherwise required to be provided by Seller or Guarantors Sellers hereunder which is given to Seller’s or GuarantorsSellers’ lenders and (ii) immediately, notice of the occurrence of any (A) Event of Default hereunder, (B) default or breach in any material respect by Sellerany Seller or Servicer, Guarantors REO Subsidiary or any Servicer which is an Affiliate Guarantor of any obligation under any Program Agreement or any material contract or agreement of SellerSellers or Servicer, Guarantors REO Subsidiary or any Servicer which is an Affiliate Guarantor or (C) event or circumstance that such party reasonably expects has resulted in, or will, with the passage of time, result in, a Material Adverse Effect or an Event of Default or such a default or breach by such party.

Default Notices. Seller and Guarantors Guarantor shall each furnish to Buyer (i) promptly, copies of any material and adverse notices (including, without limitation, notices of defaults, termination events, breaches, potential defaults or potential breaches) and any material financial information that is not otherwise required to be provided by Seller or Guarantors Guarantor hereunder which is given to Seller’s or Guarantors’ Guarantor’s lenders and (ii) immediatelypromptly, notice of the occurrence of any (A) Event of Default hereunder, (B) default or breach by Seller, Guarantors Seller or any Servicer which is an Affiliate or Guarantor of any obligation under any Program Agreement or any material contract or agreement of Seller, Guarantors Seller or any Servicer which is an Affiliate or Guarantor or (C) event or circumstance that such party reasonably expects has resulted in, or will, with the passage of time, result in, a Material Adverse Effect or Effect, an Event of Default or such a default or breach by such party.

Default Notices. Seller and Guarantors or Guarantor shall each furnish to Buyer Administrative Agent (i) promptly, copies of any material and adverse notices (including, without limitation, notices of defaults, breaches, potential defaults or potential breaches) and any material financial information that is not otherwise required to be provided by Seller or Guarantors Guarantor hereunder which is given to Seller’s or Guarantors’ Guarantor’s lenders and (ii) immediately, notice of the occurrence of any (A) Event of Default hereunder, (B) default or breach by Seller, Guarantors Seller or any Servicer which is an Affiliate or Guarantor of any obligation under any Program Agreement or any material contract or agreement of Seller, Guarantors Seller or any Servicer which is an Affiliate or Guarantor or (C) event or circumstance that such party reasonably expects has resulted in, or will, with the passage of time, result in, a Material Adverse Effect or an Event of Default or such a default or breach by such party.

Default Notices. Seller and Parties or Guarantors shall each furnish to Buyer (i) promptly, copies of any material and adverse notices (including, without limitation, notices of defaults, breaches, potential defaults or potential breaches) and any material financial information that is not otherwise required to be provided by Seller Parties or Guarantors hereunder which is given to Seller’s Seller Parties’ or Guarantors’ lenders and (ii) immediately, notice of the occurrence of any (A) Event of Default hereunder, (B) default or breach by Seller, Seller Parties or Servicer or Guarantors or any Servicer which is an Affiliate of any obligation under any Program Agreement or any material contract or agreement of SellerSeller Parties, Servicer or Guarantors or any Servicer which is an Affiliate or (C) event or circumstance that such party reasonably expects has resulted in, or will, with the passage of time, result in, a Material Adverse Effect or an Event of Default or such a default or breach by such party.