Common use of Notice Regarding Material Contracts Clause in Contracts

Notice Regarding Material Contracts. Promptly, and in any event within five (5) Business Days (i) after any Material Contract of Borrower or any of its Subsidiaries is terminated or amended in a manner that is materially adverse to Borrower or such Subsidiary, as the case may be, (ii) the occurrence of any event of default under any Material Contract or (iii) any new Material Contract is entered into, a written statement describing such event, with copies of such material terminations, amendments or new contracts, delivered to Administrative Agent (to the extent such delivery is permitted by the terms of any such Material Contract, provided no such prohibition on delivery shall be effective if it were bargained for by Borrower or its applicable Subsidiary with the intent of avoiding compliance with this Section 5.1(k)), and an explanation of any actions being taken with respect thereto;

Appears in 2 contracts

Sources: Credit and Guaranty Agreement (fuboTV Inc. /FL), Credit and Guaranty Agreement (FaceBank Group, Inc.)

Notice Regarding Material Contracts. Promptly, and in any event within five (5) ten Business Days (i) after any Material Contract of Borrower Holdings or any of its Subsidiaries is terminated (other than pursuant to its terms) or amended in a manner that is materially adverse to Borrower Holdings and its Subsidiaries, taken as a whole, or such Subsidiary, as the case may be, (ii) the occurrence of any event of default under any Material Contract or (iii) any new Material Contract (other than any contract in the ordinary course of business) is entered into, a written statement describing such event, with copies of such material terminations, amendments or new contracts, delivered to Administrative Agent (to the extent such delivery is permitted by the terms of any such Material Contract; provided, provided no such prohibition on delivery shall be effective if it were bargained for by Borrower Holdings or its applicable Subsidiary with the intent of avoiding compliance with this Section 5.1(k5.1(m)), and an explanation of any actions being taken with respect thereto;

Appears in 2 contracts

Sources: Credit and Guaranty Agreement (Tronox LTD), Credit and Guaranty Agreement (Tronox LTD)

Notice Regarding Material Contracts. PromptlyAs soon as practicable, and in any event within five (5) ten Business Days (i) after any Material Contract of Borrower or any of its Subsidiaries is terminated or amended in a manner that is materially adverse to Borrower or such Subsidiary, as the case may bebe (other than amendments or modifications subject to Section 6.15, which shall be subject to the provisions thereof), or (ii) the occurrence of any event of default under any Material Contract or (iii) after any new Material Contract is entered into, a written statement describing such event, with copies of such material terminations, amendments or new contracts, delivered to Administrative Agent (to the extent such delivery is permitted by the terms of any such Material Contract, provided provided, no such prohibition on delivery shall be effective if it were bargained for by Borrower or its applicable Subsidiary with the intent of avoiding compliance with this Section 5.1(k5.1(j)), and an explanation of any actions being taken with respect thereto;

Appears in 2 contracts

Sources: Credit and Guaranty Agreement (Atlantic Power Corp), Loan Agreement (Atlantic Power Corp)

Notice Regarding Material Contracts. Promptly, and in any event within five (5) ten Business Days (i) after any Material Contract of Borrower PubCo or any of its Subsidiaries is terminated or cancelled, expires and is not renewed or is amended in a manner that is materially adverse to Borrower PubCo or such Subsidiary, as the case may be, or (ii) the occurrence of any event of default under any Material Contract or (iii) any new Material Contract Contract, the termination of which would reasonably be likely to result in a Material Adverse Effect, is entered into, a written statement describing such event, with copies of such material terminations, amendments or new contracts, delivered to Administrative Agent (to the extent such delivery is permitted by the terms of any such Material Contract; provided, provided no such prohibition on delivery shall be effective if it were bargained for by Borrower PubCo or its applicable Subsidiary with the intent of avoiding compliance with this Section 5.1(k5.1(l)), and an explanation of any actions being taken with respect thereto;

Appears in 1 contract

Sources: Credit and Guaranty Agreement (OneWater Marine Inc.)

Notice Regarding Material Contracts. Promptly, and in any event within five ten (510) Business Days (or such later date as the Administrative Agent may agree) (i) after any Material Contract of Borrower or any of its Subsidiaries Company is terminated (other than pursuant to its terms) or amended in a manner that is materially adverse to Borrower Holdings and its Subsidiaries, taken as a whole; or such Subsidiary, as the case may be, (ii) the occurrence of any event of default under any Material Contract or (iii) any new Material Contract (other than any contract in the ordinary course of business) is entered into, a written statement describing such event, with copies of such material terminations, amendments or new contracts, delivered to the Administrative Agent (to the extent such delivery is permitted by the terms of any such Material Contract; provided, provided no such prohibition on delivery shall be effective if it were bargained for by Borrower or its applicable Subsidiary such Company with the intent of avoiding compliance with this Section 5.1(k)), and an explanation of any actions being taken with respect thereto;

Appears in 1 contract

Sources: Revolving Syndicated Facility Agreement (Tronox LTD)

Notice Regarding Material Contracts. Promptly, and in any event within five ten (510) Business Days (i) after any Material Contract of Borrower the Company or any of its Subsidiaries is terminated or amended in a manner that is materially adverse to Borrower the Company or such Subsidiary, as the case may be, or that any Credit Party determines in good faith to be material to the Administrative Agent or the Lenders and (ii) the occurrence of any event of default under any Material Contract or (iii) after any new Material Contract is entered into, a written statement describing such event, with copies of such material terminations, amendments or new contracts, delivered to the Administrative Agent (to the extent such delivery is permitted by the terms of any such Material Contract, provided provided, no such prohibition on delivery shall be effective if it were bargained for by Borrower the Company or its applicable Subsidiary with the intent of avoiding compliance with this Section 5.1(k5.1(l)), and an explanation of any actions being taken with respect thereto;

Appears in 1 contract

Sources: Credit and Guaranty Agreement (Castle a M & Co)