Notification to Bank Sample Clauses

The 'Notification to Bank' clause requires one party to formally inform the bank about specific events, actions, or changes relevant to the agreement. Typically, this clause outlines the circumstances under which notifications must be sent, such as changes in account status, breaches, or other material developments, and may specify the method and timing for delivering such notices. Its core function is to ensure the bank is kept informed of important matters that could affect its interests or obligations, thereby promoting transparency and enabling timely responses to potential issues.
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Notification to Bank. As soon as practicable after receipt of a Utilisation Notice in respect of a WC Advance complying with the terms of this Agreement, the Agent shall notify the Working Capital Bank and, subject to clause 3, the Working Capital Bank shall on the Utilisation Date, make available to the Agent the principal amount of the relevant WC Advance in accordance with clause 9.2.
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Notification to Bank. Borrower or the closing agent handling the sale shall have notified Bank in writing of the requested release;
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Notification to Bank. The Executive shall notify the Bank in writing of any claim by the Internal Revenue Service that, if successful, would require the payment by the Bank of the Gross-Up Payment. Such notice shall be given as soon as practicable but no later than ten business days after the Executive is informed in writing of such claim and said notice shall advise the Bank of the nature of such claim and the date on which such claim is requested to be paid. The Executive shall not pay such claim prior to the expiration of the 30-day period following the date on which it gives such notice to the Bank (or such shorter period ending on the date that any payment of taxes with respect to such claim is due). If the Bank notifies the Executive in writing prior to the expiration of such period that it desires to contest such claim, the Executive shall: (1) give the Bank any information reasonably requested by the Bank relating to such claim, (2) take such action in connection with contesting such claim as the Bank shall reasonably request in writing from time to time, including, without limitation, accepting legal representation with respect to such claim by an attorney reasonable selected by the Bank,
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Notification to Bank. Immediately, but in no event [***], after becoming aware of an actual or believed Breach, Retailer agrees to notify Bank’s Program Manager. [***] REPRESENTS CONFIDENTIAL MATERIAL WHICH HAS BEEN REDACTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT IN ACCORDANCE WITH RULE 24B-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED. A COMPLETE VERSION OF THIS SCHEDULE HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.
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Notification to Bank. The Borrower shall promptly notify the Bank of (i) any Default or Event of Default hereunder, (ii) any litigation or proceedings that are instituted or threatened (to the knowledge of the Borrower) against the Borrower or any Subsidiary or any of their respective assets, (iii) each and every default by the Borrower under any obligation for borrowed money which would permit the holder of such obligation to accelerate its maturity, including the names and addresses of the holders of such obligation and the amount thereof, and (iv) any change in the chief executive office of the Borrower or location of any of the Borrower's Collateral from that listed in any of the Financing Agreements.
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Notification to Bank. The Borrower shall promptly notify the Bank of (i) any Event of Default hereunder, (ii) any event, condition or act which with the giving of notice or the lapse of time, or both, would constitute an Event of Default hereunder, (iii) any material litigation or proceedings that are instituted or threatened (to the knowledge of the Borrower or any of the Guarantors as the case may be) against the Borrower or any of the Guarantors or any of their respective assets, except when the relief sought is monetary damages which in any one litigation or proceeding in the aggregate do not exceed $100,000 and the litigation or proceeding resulted from or arose out of transactions in the regular course of the Borrower's or such Guarantor's business, (iv) each and every default by the Borrower or any of the Guarantors under any obligation for borrowed money which would permit the holder of such obligation to accelerate its maturity, including the names and addresses of the holders of such obligation and the amount thereof, (v) any change in the location of the chief executive offices of the Borrower or any of the Guarantors as identified in its Security Agreement, and (vi) the relocation of any of its Collateral, or the location of any such Collateral at a new address.
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Notification to Bank. The Borrower shall promptly notify the Bank of (i) any Event of Default hereunder, (ii) any event, condition or act which with the giving of notice or the lapse of time, or both, would constitute an Event of Default hereunder, (iii) any material litigation or proceedings that are instituted or threatened (to the knowledge of the Borrower) against the Borrower or any of its assets, except when the relief sought is monetary damages which in any one litigation or proceeding in the aggregate do not exceed $100,000 and the litigation or proceeding resulted from or arose out of transactions in the regular course of the Borrower's business, (iv) each and every default by the Borrower or DSSI under any obligation for borrowed money which would permit the holder of such obligation to accelerate its maturity, including the names and addresses of the holders of such obligation and the amount thereof, and (v) any change in the location of the chief executive offices of the Borrower, as identified in Section 7.4 hereof or of DSSI as identified in the Security Agreement.
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Notification to Bank. The Borrower shall promptly notify the Bank of (i) any Event of Default hereunder, (ii) any event, condition or act which with the giving of notice or the passage of time, or both, would constitute an Event of Default hereunder, (iii) any litigation or proceedings that are instituted or threatened (to the knowledge of the Borrower) against the Borrower or any Subsidiary or any of their respective assets, and (iv) each and every default by the Borrower or any Subsidiary under any obligation for borrowed money which would permit the holder of such obligation to accelerate its maturity, including the names and addresses of the holders of such obligation and the amount thereof, in each case describing the nature thereof and the action the Borrower proposes to take with respect thereto.
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Notification to Bank. The Officer shall notify the Bank in writing of any claim by the Internal Revenue Service that, if successful, would require the payment by the Bank of the Gross-Up Payment. Such notice shall be given as soon as practicable but no later than ten (10) business days after the Officer is informed in writing of such claim and said notice shall advise the Bank of the nature of such claim and the date on which such claim is requested to be paid. The Officer shall not pay such claim prior to the expiration of the 30-day period following the date on which it gives such notice to the Bank (or such shorter period ending on the date that any payment of taxes with respect to such claim is due). If the Bank notifies the Officer in writing prior to the expiration of such period that it desires to contest such claim, the Officer shall: (i) give the Bank any information reasonably requested by the Bank relating to such claim, (ii) take such action in connection with contesting such claim as the Bank shall reasonably request in writing from time to time, including, without limitation, accepting legal representation with respect to such claim by an attorney reasonable selected by the Bank, (iii) cooperate with the Bank in good faith in order to effectively contest such claim; and (iv) permit the Bank to participate in any proceedings relating to such claim; provided, however, that the Bank shall bear and pay directly all costs and expenses (including additional interest and penalties) incurred in connection with any contest of a claim for payment of the Excise Taxes and the Bank shall indemnify and hold the Officer harmless, on an after tax basis, for any Excise Tax or income tax (including interest and penalties with respect thereto) imposed as a result of such representation and payment of costs and expenses. Without limitation on the foregoing provisions of this Agreement, the Bank shall control all proceedings taken in connection with such contest and, at its sole option, may pursue or forgo any and all administrative appeals, proceedings, hearings and conferences with the taxing authority in respect of such claim and may, at its sole option, either direct the Officer to pay the tax claimed and ▇▇▇ for a refund or contest the claim in any permissible manner, and the Officer agrees to prosecute such contest to a determination before any administrative tribunal, in a court of initial jurisdiction and in one or more appellate courts, as the Bank shall determine; provided, ...
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Related to Notification to Bank

  • Notification to Union The Hospital will provide the union with a list, monthly of all hirings, lay-offs, recalls and terminations within the bargaining unit where such information is available or becomes readily available through the Hospital's payroll system."

  • Notification to Lenders Upon the issuance of any Letter of Credit the applicable Issuing Lender shall promptly notify Administrative Agent and each other Lender of such issuance, which notice shall be accompanied by a copy of such Letter of Credit. Promptly after receipt of such notice (or, if Administrative Agent is the Issuing Lender, together with such notice), Administrative Agent shall notify each Lender of the amount of such Lender's respective participation in such Letter of Credit, determined in accordance with subsection 3.1C.

  • Notification to Employer The Union shall notify the Employer of the names of the Employees, including the department wherein the Employee is employed, who are members of the Board of Directors, the Union Executive and Council Committees.

  • Notification to Noteholders Upon any termination of, or appointment of a successor to, the Servicer pursuant to this Article VII, the Indenture Trustee (or the Relevant Trustee if no Notes are Outstanding) will give prompt written notice thereof to the Owner Trustee, the Issuer, the Administrator, the Asset Representations Reviewer and to the Noteholders and the Certificateholders at their respective addresses of record.

  • Notification to the Union The Employer shall advise the Union of the appointment, termination, or change of status of each Employee in the bargaining unit in accordance with Article 8.06.