Common use of Event of Loss Clause in Contracts

Event of Loss. Promptly (and in any event within three (3) Business Days) notice of any claim with respect to any liability against any Credit Party or any of their Subsidiaries that (i) is in excess of $250,000 or (ii) could reasonably be expected to result in a Material Adverse Effect.

Appears in 8 contracts

Samples: Financing Agreement (Elevate Credit, Inc.), Financing Agreement (Elevate Credit, Inc.), Financing Agreement (Elevate Credit, Inc.)

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Event of Loss. Promptly (and in any event within three (3) Business Days) notice of any claim with respect to any liability against any Credit Party or any of their Subsidiaries that (i) is in excess of $250,000 or (ii) could reasonably be expected to result in a Material Adverse Effect.;

Appears in 5 contracts

Samples: Financing Agreement (Elevate Credit, Inc.), Financing Agreement (Elevate Credit, Inc.), Financing Agreement (Elevate Credit, Inc.)

Event of Loss. Promptly (and in any event within three (3) Business Days) notice of (i) any claim with respect to any liability against any Credit Party Borrower or any of their Subsidiaries Guarantor that (iA) is in excess of $250,000 or 100,000 and (iiB) could would reasonably be expected to result in a Material Adverse EffectEffect or (ii) any event which, with or without the passage of time, would reasonably be expected to constitute an Event of Loss.

Appears in 3 contracts

Samples: Loan and Security Agreement (Daegis Inc.), Loan and Security Agreement (Unify Corp), Loan and Security Agreement (Unify Corp)

Event of Loss. Promptly (and in any event within three (3) Business Days) notice of any claim with respect to any liability against any Credit Party Borrower or any of their its Subsidiaries that (i) is in excess of $250,000 25,000 or (ii) could reasonably be expected to result in a Material Adverse Effect.; and

Appears in 2 contracts

Samples: Financing Agreement (Basil Street Cafe, Inc.), Financing Agreement (Basil Street Cafe, Inc.)

Event of Loss. Promptly (and in any event within three (3) Business Days) upon notice of (i) any claim with respect to any liability against any Credit Party or any Subsidiary of their Subsidiaries any Credit Party that (iA) is in excess of $250,000 or 100,000 and (iiB) could reasonably be expected to result in a Material Adverse EffectEffect or (ii) any event which, with or without the passage of time, could reasonably be expected to constitute an Event of Loss.

Appears in 1 contract

Samples: Financing Agreement (SOCIAL REALITY, Inc.)

Event of Loss. Promptly (and in any event within three (3) Business Days) notice of (i) any claim with respect to any liability against any Credit Party of the Borrowers or any of their Subsidiaries that (iA) is in excess of $250,000 or 500,000 and (iiB) could reasonably be expected to result in a Material Adverse EffectEffect or (ii) any event which, with or without the passage of time, could reasonably be expected to constitute an Event of Loss.

Appears in 1 contract

Samples: Financing Agreement (Unigene Laboratories Inc)

Event of Loss. Promptly (and in any event within three (3) Business Days) notice of (i) any claim with respect to any liability against any Credit Party of the Borrowers or any of their Subsidiaries that (iA) is in excess of $250,000 or 500,000 and (iiB) could reasonably be expected to result in a Material Adverse Effect.Effect or (ii) any event which, with or without the passage of time, could reasonably be expected to constitute an Event of Loss;

Appears in 1 contract

Samples: Financing Agreement (Unigene Laboratories Inc)

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Event of Loss. Promptly (and in any event within three (3) Business Days) notice of any claim with respect to any liability against any Credit Party or any of their Subsidiaries that (i) is in excess of $250,000 or (ii) could reasonably be expected to result in a Material Adverse Effect.;

Appears in 1 contract

Samples: Financing Agreement (Elevate Credit, Inc.)

Event of Loss. Promptly (and in any event within three (3) Business Days) notice of (i) any claim with respect to any liability against any one or more of the Credit Party or any of their Subsidiaries Parties that (i) is in excess of $250,000 in the aggregate in any Fiscal Year or (ii) any event which, with or without the passage of time, could reasonably be expected to result in a Material Adverse Effect.constitute an Event of Loss;

Appears in 1 contract

Samples: Financing Agreement (Midwest Energy Emissions Corp.)

Event of Loss. Promptly (and in any event within three (3) Business Days) notice of (i) any claim with respect to any liability against any Credit Party the Borrower or any of their its Subsidiaries that (iA) is in excess of $250,000 or and (iiB) could reasonably be expected to result in a Material Adverse EffectEffect or (ii) any event which, with or without the passage of time, could reasonably be expected to constitute an Event of Loss.

Appears in 1 contract

Samples: Financing Agreement (Wave2Wave Communications, Inc.)

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