Notice of Litigation and Default. ACT shall furnish to the Administrative Agent prompt notice of the following events after any Credit Party has become aware thereof and has made a reasonable determination with respect thereto (which notice shall in any event be given within ten (10) Business Days after any Credit Party has become aware thereof): 12.8.1 the commencement of any Litigation against a Credit Party or any of its properties or assets, alleging damages in excess of US$20,000,000 or which would reasonably be expected to have a Material Adverse Effect; and 12.8.2 any Default.
Appears in 2 contracts
Sources: Credit Agreement, Credit Agreement (Alimentation Couche Tard Inc)