Common use of Notice Regarding Material Contracts Clause in Contracts

Notice Regarding Material Contracts. Promptly, and in any event within ten (10) Business Days (i) after any Material Contract of Parent Borrower or any of its Subsidiaries is terminated or amended in a manner that is materially adverse to Parent Borrower or such Subsidiary, as the case may be, (ii) the occurrence of a 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 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 Parent 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 (RLJ Entertainment, Inc.), Credit and Guaranty Agreement (RLJ Entertainment, Inc.)

Notice Regarding Material Contracts. Promptly, and in any event within ten (10) Business Days (i) after any Material Contract of Parent Borrower Holdings or any of its Subsidiaries is terminated or amended in a manner that is materially adverse to Parent Borrower Holdings or such Subsidiary, as the case may bebe (including an explanation of any actions being taken with respect thereto), or (ii) the occurrence of a 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 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 Parent Borrower Holdings 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 (Del Frisco's Restaurant Group, LLC)

Notice Regarding Material Contracts. Promptly, and in any event within ten (10) Business Days (i) after any Material Contract of Parent Borrower Holdings 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 Parent Borrower Holdings or such Subsidiary, as the case may be, or (ii) the occurrence of a 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 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 Parent Borrower Holdings 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 ten (10) Business Days (i) after any Material Contract of Parent Borrower Holdings or any of its Subsidiaries is terminated or amended in a manner that is materially adverse to Parent Borrower Holdings or such Subsidiary, as the case may be, or that any Credit Party determines in good faith to be material to Administrative Agent or the Lenders or (ii) the occurrence of a 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 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 Parent Borrower Holdings 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 (U S Energy Systems Inc)

Notice Regarding Material Contracts. Promptly, and in any event within ten (10) Business Days (i) after any Material Contract of Parent Borrower or any of its Subsidiaries is terminated or amended in a manner that is materially adverse to Parent Borrower or such Subsidiary, as the case may be, (ii) the occurrence of a 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 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 Parent 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 1 contract

Sources: Credit and Guaranty Agreement (RLJ Entertainment, Inc.)

Notice Regarding Material Contracts. Promptly, and in any event within ten (10) Business Days (i) after any Material Contract of Parent Borrower or any of its Subsidiaries is terminated or amended in a manner that is materially adverse to Parent Borrower or such Subsidiary, as the case may be, (ii) the occurrence of a 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 amendments or new -56- 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 Parent 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 1 contract

Sources: Credit and Guaranty Agreement (RLJ Entertainment, Inc.)

Notice Regarding Material Contracts. Promptly, and in any event within ten (10) Business Days (i) after any Material Contract of Parent Borrower Holdings or any of its Subsidiaries is terminated or amended in a manner that is materially adverse to Parent Borrower Holdings or such Subsidiary, as the case may be, or that is adverse to Administrative Agent or the Lenders or (ii) the occurrence of a 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 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 Parent Borrower Holdings 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 (Proliance International, Inc.)