Common use of Notice of Litigation and Default Clause in Contracts

Notice of Litigation and Default. Notify the Administrative Agent in writing upon becoming aware of (i) any Default or Event of Default; (ii) any material suit, proceeding or governmental investigation pending or, to the Borrower’s knowledge, threatened or any notification of any challenge to the validity of any Authorization, relating to the Borrower, any of the Subsidiaries, any Mine or any of the Secured Assets and (iii) any force majeure event under any document relating to any Mine or any of the Secured Assets.

Notice of Litigation and Default. Notify the Administrative Agent in writing upon becoming aware of (i) any Default or Event of Default; (ii) any material suit, proceeding or governmental investigation pending or, to the Borrower’s knowledge, threatened or any notification of any challenge to the validity of any Authorization, relating to the Borrower, any of the Subsidiaries, any the Mine or any of the Secured Assets and (iii) any force majeure event under any document relating to any the Mine or any of the Secured Assets.