Common use of Reporting on Adverse Effects Clause in Contracts

Reporting on Adverse Effects. Promptly and in no event more than three (3) Business Days after any Responsible Officer of the Originator obtains knowledge of the occurrence of any matter or the occurrence of any event concerning it which could reasonably be expected to have a Material Adverse Effect, notice thereof.

Appears in 3 contracts

Sources: Purchase and Contribution Agreement (Tampa Electric Co), Purchase and Contribution Agreement (Teco Energy Inc), Purchase and Contribution Agreement (Sherwin Williams Co)