Common use of Promptly notify Clause in Contracts

Promptly notify. the Lenders of any proposed acquisition or disposition of stock, assets, or property by any Loan Party, that could reasonably be expected to expose the Borrower or any of its Subsidiaries to, or result in, Environmental Claims that could have a Material Adverse Effect and of any proposed action to be taken by the Borrower or any of its Subsidiaries to commence or cease manufacturing, industrial or other operations that could reasonably be expected to subject the Borrower or any of its Subsidiaries to additional laws, rules or regulations, including, without limitation, laws, rules and regulations requiring additional environmental permits or licenses.