Common use of Prompt Notice to Lender Clause in Contracts

Prompt Notice to Lender. The Lead Borrower shall provide the Administrative Agent with written notice promptly upon the occurrence of any of the following events, which written notice shall be with reasonable particularity as to the facts and circumstances in respect of which such notice is being given: (a) Any change in any of the Borrower’s executive officers (as defined by the Securities and Exchange Commission) or a majority of its directors in any fiscal year. (b) Any material change to the terms of any material contract to which any Borrower is a party which could result in a Material Adverse Change in the business, operations, or financial status of any Borrower. (c) Any Material Adverse Change in the business, operations, or financial affairs of any Borrower. (d) Any litigation which, if determined adversely to any Borrower, could reasonably be expected to result in a Material Adverse Change in the financial condition of any Borrower.

Prompt Notice to Lender. The Lead Borrower shall provide the Administrative Agent with written notice promptly upon the occurrence of any of the following events, which written notice shall be with reasonable particularity as to the facts and circumstances in respect of which such notice is being given: (a) Any change in any of the Borrower’s 's executive officers (as defined by the Securities and Exchange Commission) or a majority of its directors in any fiscal year. (b) Any material change to the terms of any material contract to which any Borrower is a party which could result in a Material Adverse Change in the business, operations, or financial status of any Borrower. (c) Any Material Adverse Change in the business, operations, or financial affairs of any Borrower. (d) Any litigation which, if determined adversely to any Borrower, could reasonably be expected to result in a Material Adverse Change in the financial condition of any Borrower.