Notify Lender Clause Samples
The "Notify Lender" clause requires a borrower or another party to promptly inform the lender about specific events, changes, or circumstances that could affect the loan or the lender's interests. Typically, this includes notifying the lender of defaults, legal actions, material changes in business operations, or other significant developments. By mandating timely communication, this clause ensures the lender remains aware of potential risks or issues, enabling them to take appropriate action to protect their investment or enforce their rights under the agreement.
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Notify Lender. Promptly inform Lender if any one or more of the representations and warranties made by Borrower in this Loan Agreement or in any Relevant Document shall no longer be true, accurate and complete in all material respects.
Notify Lender. Borrower shall promptly, and in any event within three (3) Business Days of any determining of the following, inform Lender (a) if any one or more of the representations and warranties made by Borrower in this Agreement or in any document related hereto shall no longer be entirely true, accurate and complete in any respect; (b) of any Equipment which is not in good order and repair, and in running and marketable condition, or of any Equipment that is removed or is missing from the Borrower’s Premises; (c) of all material adverse information relating to the financial condition of Borrower; (d) of any material return of goods; (e) of any loss, damage or destruction of any of the Collateral; (f) the occurrence of an Event of Default or a Material Adverse Effect; and (g) of any other events or occurrences set forth in Section 7(a) of the Loan Agreement Schedule.
Notify Lender. Borrower shall promptly, and in any event within three (3) Business Days, inform Lender (a) if any one or more of the representations and warranties made by Borrower in this Agreement or in any document related hereto shall no longer be entirely true, accurate and complete in any respect, (b) of any event or circumstance that, to its knowledge, would cause Lender to consider any then existing Inventory as no longer constituting Eligible Inventory; (c) of all material adverse information relating to the financial condition of Borrower; (d) of any material return of goods; and (e) of any loss, damage or destruction of any of the Collateral.
Notify Lender. Borrower shall promptly, and in any event within three (3) Business Days of determining of any of the following, inform Lender (a) if any one or more of the representations and warranties made by Borrower in this Agreement or in any document related hereto shall no longer be entirely true, accurate and complete in any material respect, (b) of any Equipment which is not in good order and repair, and in running and marketable condition, ordinary wear and tear excepted, or of any Equipment that is removed or missing from Borrower’s Premises; (d) of all material adverse information relating to the financial condition of Borrower; (e) of any material return of goods; (f) of any loss, damage or destruction of any of the Collateral, and (g) the occurrence of an Event of Default or a Material Adverse Effect.
Notify Lender. Borrower shall promptly inform Lender if any one or more of the representations and warranties made by Borrower in this Agreement or in any document related hereto shall no longer be entirely true, accurate and complete in any material respect, provided, the foregoing shall not be deemed consent to any error or falsity in the same.
Notify Lender. In addition to the events and occurrences set forth in Section 9.1 of the Loan Agreement, Borrower shall inform Lender within two (2) Business Days of any event or circumstance that, to its knowledge, would cause Lender to consider any then existing Eligible Accounts as no longer constituting Eligible Accounts.
Notify Lender. Borrower shall promptly, and in any event within three (3) Business Days of any determining of the following, inform Lender (a) if any one or more of the representations and warranties made by Borrower in this Agreement or in any document related hereto shall no longer be entirely true, accurate and complete in any respect, (b) of all material adverse information relating to the financial condition of Borrower; (c) of any material return of Inventory; (d) of any loss, damage or destruction of any of the Collateral; (e) the occurrence of an Event of Default or a Material Adverse Effect; and (f) of any other events or occurrences set forth in Section 7(a) of the Loan Agreement Schedule.
Notify Lender promptly upon, but in no event later than ten (10) days after, Borrower's learning of (i) any litigation affecting Borrower, whether or not the claim is considered by Borrower to be covered by insurance; and (ii) the institution of any suit or administrative proceeding which may materially and adversely affect the operations, financial condition or business of Borrower or which may affect Lender's security interest in the Collateral;
Notify Lender. Borrower shall promptly, and in any event within three (3) Business Days of determining of any of the following, inform Lender (a) if any one or more of the representations and warranties made by Borrower in this Agreement or in any document related hereto shall no longer be entirely true, accurate and complete in any respect, (b) of any event or circumstance that, to its knowledge, would cause Lender to consider any then Eligible Leases as no longer constituting Eligible Leases, (c) of any Equipment which is not in good order and repair, and in running and marketable condition, ordinary wear and tear excepted; (d) of all material adverse information relating to the financial condition of Borrower; (e) of any material return of goods; and (f) of any loss, damage or destruction of any of the Collateral.
Notify Lender. Promptly inform Lender of any material adverse change in circumstances with respect to matters set forth in the representations, warranties and covenants under Section IV of this Agreement.