Common use of Notice of Default or Litigation Clause in Contracts

Notice of Default or Litigation. Immediately upon learning of the occurrence of an Event of Default or Unmatured Event of Default, or the institution of or any adverse determination in any litigation, arbitration proceeding or governmental proceeding which is material to the Company or any of its Subsidiaries, or the occurrence of any event which could have a material adverse effect upon the Company or any of its Subsidiaries, written notice thereof describing the same and the steps being taken with respect thereto.

Notice of Default or Litigation. Immediately upon learning of the occurrence of an Event of Default or Unmatured Event of Default, or the institution of or any adverse determination in any litigation, arbitration proceeding or governmental proceeding which is material to the Company or any of its Subsidiaries, or the occurrence of any event which could have a material adverse effect upon the Company or any of its SubsidiariesMaterially Adverse Effect, written notice thereof describing the same and the steps being taken with respect thereto.

Notice of Default or Litigation. Immediately upon learning of the occurrence of an Event of Default or Unmatured Event of Default, or the institution of or any adverse determination in any litigation, arbitration proceeding or governmental proceeding which is material to the Company or any of its SubsidiariesCompany, or the occurrence of any event which could have a material adverse effect upon the Company or any of its SubsidiariesCompany, written notice thereof describing the same and the steps being taken with respect thereto.

Notice of Default or Litigation. Immediately upon learning of the occurrence of an Event of Default or Unmatured Event of Default, or the institution of or any adverse determination in any litigation, arbitration proceeding or governmental proceeding which is material to the Company Borrower or any of its SubsidiariesGuarantor, or the occurrence of any event which could have a material adverse effect Material Adverse Effect upon the Company Borrower or any of its SubsidiariesGuarantor, written notice thereof describing the same and the steps being taken with respect thereto.

Notice of Default or Litigation. Immediately upon learning of ------------------------------- the occurrence of an Event of Default or Unmatured Event of Default, or the institution of or any adverse determination in any litigation, arbitration proceeding or governmental proceeding which is material to the Company Borrower or any of its SubsidiariesSubsidiary, or the occurrence of any event which could have a material adverse effect upon the Company Borrower or any of its SubsidiariesSubsidiary, written notice thereof describing the same and the steps being taken by the Borrower or any Subsidiary with respect thereto.

Notice of Default or Litigation. Immediately upon learning of the occurrence of an Event of Default or Unmatured Event of Default, or the institution of of, or any adverse determination in in, any litigation, arbitration proceeding or governmental proceeding which is material to the Company could cause or any of its Subsidiariesresult in a Material Adverse Effect, or the occurrence of any other event which could have cause or result in a material adverse effect upon the Company or any of its SubsidiariesMaterial Adverse Effect, written notice thereof describing the same and the steps being taken with respect thereto.

Notice of Default or Litigation. Immediately upon learning of the occurrence of an Event of Default or Unmatured Event of Default, or the institution of or any adverse determination in any litigation, arbitration proceeding or governmental proceeding which is material to the Company Company, OCP, OCC or any of its Subsidiaries, Parent or the occurrence of any event which could have a material adverse effect upon the Company or any of its SubsidiariesMaterially Adverse Effect, written notice thereof describing the same and the steps being taken with respect thereto.

Notice of Default or Litigation. Immediately upon learning of the occurrence of an Event of Default or Unmatured Event of Default, or the institution of or any adverse determination in any litigation, arbitration proceeding or governmental proceeding which is material to the Company or to any of its SubsidiariesGuarantor, or the occurrence of any event which could have a material adverse effect upon the Company or any of its SubsidiariesGuarantor, written notice thereof describing the same and the steps being taken with respect thereto.

Notice of Default or Litigation. Immediately upon learning of the occurrence of an Event of Default or Unmatured Event of Default, or the institution of or any adverse determination in any litigation, arbitration proceeding or governmental proceeding which is material to the Company or to any of its SubsidiariesAffiliated Company, or the occurrence of any event which could have a material adverse effect upon the Company or upon any of its SubsidiariesAffiliated Company, written notice thereof describing the same and the steps being taken with respect thereto.

Notice of Default or Litigation. Immediately upon learning of the occurrence of a Default, an Event of Default or Unmatured Event of Default, or the institution of of, or any adverse determination in in, any litigation, arbitration proceeding or governmental proceeding which is material to the Company or any of its Subsidiaries, Borrower or the occurrence of any event which could have a material adverse effect upon the Company or any of its Subsidiaries, Borrower written notice thereof describing the same and the steps being taken with respect thereto.

Notice of Default or Litigation. Immediately upon learning of the occurrence of an Event of Default or Unmatured Event of Default, or the institution of or any adverse determination in any litigation, arbitration proceeding or governmental proceeding which is material to the Company or any of its SubsidiariesMobley, or the occurrence of any event which could ▇▇▇▇▇ have a material adverse effect upon the Company or any Mobley, or a change in Control of its Subsidiariesthe Company, written notice thereof describing the same and the steps being taken with respect thereto.