Notification of Events of Default and Adverse Developments. Borrower promptly will notify Lender upon the occurrence of: (i) any Event of Default; (ii) any event which, with the giving of notice or lapse of time, or both, could constitute an Event of Default; (iii) any event, development or circumstance whereby the financial statements previously furnished to Lender fail in any material respect to present fairly, in accordance with GAAP, the financial condition and operational results of Borrower;
Appears in 11 contracts
Sources: Loan and Security Agreement (Medical Asset Management Inc), Loan and Security Agreement (Rockwell Medical Technologies Inc), Loan and Security Agreement (SFBC International Inc)
Notification of Events of Default and Adverse Developments. Borrower promptly will notify Lender upon the occurrence of: (ia) any Event of Default; (iib) any event which, with the giving of notice or lapse of time, or both, could constitute an Event of Default; (iiic) any event, development or circumstance whereby the financial statements previously furnished to Lender fail in any material respect to present fairly, in accordance with GAAP, the financial condition and operational results of Borrower;
Appears in 4 contracts
Sources: Loan and Security Agreement, Stock Purchase Plan, Promissory Note, Credit Note, Guaranty, Asset Purchase Agreement (PHC Inc /Ma/), Loan and Security Agreement (Raintree Healthcare Corp), Loan and Security Agreement (Company Doctor)
Notification of Events of Default and Adverse Developments. Borrower promptly will notify Lender upon the occurrence of: (i) any Event of Default; (ii) any event which, with the giving of notice or lapse of time, or both, could constitute an Event of Default; (iii) any material adverse event, development not reflected or circumstance whereby reserved against in the latest set of financial statements previously furnished to Lender fail in any material respect to present fairly, in accordance with GAAP, the financial condition and operational results of Borrower;that
Appears in 2 contracts
Sources: Loan and Security Agreement (Phymatrix Corp), Loan and Security Agreement (Phymatrix Corp)
Notification of Events of Default and Adverse Developments. Borrower promptly will notify Lender upon the occurrence of: (ia) any Event of Default; (iib) any event whichthat, with the giving of notice or lapse of time, or both, could constitute an Event of Default; (iiic) any event, development or circumstance whereby the financial statements previously furnished to Lender fail in any material respect to present fairly, in accordance with GAAP, the financial condition and operational results of Borrower;
Appears in 2 contracts
Sources: Loan and Security Agreement (Drkoop Com Inc), Loan and Security Agreement (Idx Systems Corp)
Notification of Events of Default and Adverse Developments. Borrower promptly will notify Lender upon the occurrence of: (ia) any Event of Default; (iib) any event which, with the giving of notice or lapse of time, or both, could constitute an Event of Default; (iii) any event, development or circumstance whereby the financial statements previously furnished to Lender fail in any material respect to present fairly, in accordance with GAAP, the financial condition and operational results of Borrower;of
Appears in 1 contract
Sources: Loan and Security Agreement (Retirement Care Associates Inc /Co/)
Notification of Events of Default and Adverse Developments. Borrower promptly will shall notify Lender promptly upon the occurrence of: :
(ia) any Event of Default; (iib) any event which, with the giving of notice or lapse of time, time or both, could constitute an Event of Default; (iiic) any event, development or circumstance whereby the financial statements previously furnished to Lender fail in any material respect to present fairly, in accordance with GAAP, the financial condition and operational results of Borrower;
Appears in 1 contract
Sources: Loan and Security Agreement (New York Health Care Inc)
Notification of Events of Default and Adverse Developments. Borrower promptly will notify Lender upon the occurrence of: (i) any Event of Default; (ii) any event which, with the giving of notice or lapse of time, or both, could constitute an Event of Default; (iii) any event, development or circumstance whereby the financial statements previously furnished to Lender fail in any material respect to present fairly, in accordance with GAAP, the financial condition and operational results of Borrower;of
Appears in 1 contract
Sources: Loan and Security Agreement (Intensiva Healthcare Corp)
Notification of Events of Default and Adverse Developments. Borrower will promptly will notify Lender upon of the occurrence of: of (ia) any Incipient Default or Event of DefaultDefault hereunder; (ii) any event which, with the giving of notice or lapse of time, or both, could constitute an Event of Default; (iiib) any event, development development, or circumstance whereby the any financial statements previously most recently furnished to Lender fail in any material respect to present fairly, in accordance with GAAP, the financial condition and operational operating results of Borrower;Borrower as of the date of such financial statements; (
Appears in 1 contract
Notification of Events of Default and Adverse Developments. Borrower promptly will notify Lender upon the occurrence of: :
(ia) any Event of Default; (iib) any event which, with the giving of notice or lapse of time, or both, could constitute an Event of Default; (iiic) any event, development or circumstance whereby the financial statements previously furnished to Lender fail in any material respect to present fairly, in accordance with GAAP, the financial condition and operational results of Borrower;
Appears in 1 contract
Sources: Loan and Security Agreement (International Nursing Services Inc)
Notification of Events of Default and Adverse Developments. Borrower promptly will notify Lender upon the occurrence of: (i) any Event of Default; (ii) any event which, with the giving of notice or lapse of time, or both, could would constitute an Event of Default; (iii) any event, development or circumstance whereby the financial statements previously furnished to Lender fail in any material respect to present fairly, in accordance with GAAP, the financial condition and operational results of Borrower;
Appears in 1 contract