Notification of Claim against Collateral. Each Borrower will, immediately upon becoming aware thereof, notify the Lender in writing of any setoff, withholdings or other defenses to which any of the CollateraL, or the Lender's rights with respect to the CollateraL, are subject.
Appears in 2 contracts
Sources: Loan and Security Agreement (Steel Partners Ii Lp), Loan and Security Agreement (WHX Corp)