Common use of Disclosure of Material Matters Clause in Contracts

Disclosure of Material Matters. Immediately upon learning thereof, report to the Lender any Default and all matters materially affecting the value, enforceability or collectibility of any portion of the Collateral including any Lien or claim asserted against the Collateral, any loss, damage or destruction of any material portion of the Collateral, and any Loan Party’s reclamation or repossession of, or the return to any Loan Party of, a material amount of goods or material claims or material disputes asserted by any Account Debtor or other obligor.

Appears in 1 contract

Sources: Credit and Security Agreement (Sifco Industries Inc)

Disclosure of Material Matters. Immediately upon learning thereof, report to the Lender any Default and all matters materially affecting the value, enforceability or collectibility of any portion of the Collateral Revolving Advances made hereunder, including any Lien or claim asserted against the Collateralwithout limitation, any loss, damage or destruction of any material portion of the Collateral, and any Loan Borrower Party’s 's reclamation or repossession of, or the return to any Loan Borrower Party of, a material amount of goods or material claims or material disputes asserted by any Account Debtor customer or other obligor.

Appears in 1 contract

Sources: Revolving Credit Agreement (Fidelity National Information Solutions Inc)

Disclosure of Material Matters. Immediately upon learning thereof, report to the Lender any Default and all matters materially affecting the value, enforceability or collectibility collectability of any portion of the Collateral including any Lien or claim asserted against the Collateral, any loss, damage or destruction of any material portion of the Collateral, and any Loan Party’s reclamation or repossession of, or the return to any Loan Party of, a material amount of goods or material claims or material disputes asserted by any Account Debtor or other obligor.

Appears in 1 contract

Sources: Credit and Security Agreement (CVSL Inc.)

Disclosure of Material Matters. Immediately upon learning thereof, report to the Lender any Default and all matters materially affecting the value, enforceability or collectibility of any portion of the Collateral including any Lien or claim asserted against the Collateralincluding, any losswithout limitation, damage or destruction of any material portion of the Collateral, and any Loan Party’s reclamation or repossession of, or the return to any Loan Party of, a material amount of goods or material claims or material disputes asserted by any Account Debtor Mortgagor Customer or other obligor.

Appears in 1 contract

Sources: Credit and Security Agreement (Manhattan Bridge Capital, Inc)

Disclosure of Material Matters. Immediately upon learning thereof, report to the Lender any Default and Borrower all matters materially affecting the value, enforceability or collectibility of any portion of the Collateral including any Lien or claim asserted against the Collateralincluding, without limitation, any loss, damage or destruction of any material portion of the Collateral, and any Loan Borrower Party’s reclamation or repossession of, or the return to any Loan Borrower Party of, a material amount of goods or material claims or material disputes asserted by any Account Debtor customer or other obligor.

Appears in 1 contract

Sources: Loan and Security Agreement (Odetics Inc)

Disclosure of Material Matters. Immediately upon learning thereof, report to the Lender any Default and Borrower all matters materially affecting the value, enforceability or collectibility of any portion of the Collateral including any Lien or claim asserted against the Collateralincluding, without limitation, any loss, damage or destruction of any material portion of the Collateral, and any Loan Borrower Party’s 's reclamation or repossession of, or the return to any Loan Borrower Party of, a material amount of goods or material claims or material disputes asserted by any Account Debtor customer or other obligor.

Appears in 1 contract

Sources: Revolving Credit and Security Agreement (Fidelity National Information Solutions Inc)

Disclosure of Material Matters. Immediately upon learning thereof, report to the Lender any Default and all matters materially affecting the value, enforceability or collectibility of any portion of the Collateral including any Lien or claim asserted against the Collateralincluding, any losswithout limitation, damage or destruction of any material portion of the Collateral, and any Loan Party’s 's reclamation or repossession of, or the return to any Loan Party of, a material amount of goods or material claims or material disputes asserted by any Account Debtor Customer or other obligor.

Appears in 1 contract

Sources: Credit and Security Agreement (Blonder Tongue Laboratories Inc)