Common use of Notices of Litigation and Default Clause in Contracts

Notices of Litigation and Default. Borrowers will give prompt written notice to Agent of any litigation or governmental proceedings pending or threatened (in writing) against Borrowers or any Subsidiary or other Credit Party which could reasonably be expected to have a Material Adverse Effect with respect to Borrowers, any Subsidiary or any other Credit Party. Without limiting or contradicting any other more specific provision of this Agreement, promptly (and in any event within three (3) Business Days) upon any Borrower becoming aware of the existence of any Default or Event of Default, Borrowers shall give written notice to Agent of such occurrence, which such notice shall include a reasonably detailed description of such Default or Event of Default.

Notices of Litigation and Default. Borrowers will give prompt written notice to Agent of any litigation or governmental proceedings pending or threatened (in writing) against Borrowers or any Subsidiary or other Credit Party which could would reasonably be expected to have a Material Adverse Effect with respect to Borrowers, any Subsidiary or any other Credit Party. Without limiting or contradicting any other more specific provision of this Agreement, promptly (and in any event within three (3) Business Days) upon any Borrower becoming aware of the existence of any Default or Event of Default, Borrowers shall give written notice to Agent of such occurrence, which such notice shall include a reasonably detailed description of such Default or Event of Default.