Example ContractsClausesBorrower’s Failure to Notify
Borrower’s Failure to Notify
Borrower’s Failure to Notify contract clause examples

Borrower’s Failure to Notify. Unless such Advance is repaid as provided herein, each Advance shall continue to bear interest at the type of rate and LIBOR Rate index period, if applicable, last selected by the Borrower until the Borrower gives notice to the Administrative Agent and selects a different Interest Rate.

Borrower’s Failure to Notify. If Borrower fails to give notice pursuant to [Section 2.5(a)] above of the continuation or conversion of any outstanding principal amount of a Borrowing of Eurodollar Loans before the last day of its then current Interest Period within the period required by [Section 2.5(a)] and such Borrowing is not prepaid in accordance with [Section 2.7(a)], such Borrowing shall automatically be continued as the same type of Loan and, in the case of Eurodollar Loans, having an Interest Period of one (1) month. In the event Borrower fails to give notice pursuant to [Section 2.5(a)] above of a Borrowing equal to the amount of a Reimbursement Obligation and has not notified Administrative Agent by 12:00 noon on the day such Reimbursement Obligation becomes due that it intends to repay such Reimbursement Obligation through funds not borrowed under this Agreement, Borrower shall be deemed to have requested a Borrowing of Base Rate Loans on such day in the amount of the Reimbursement Obligation then due, which Borrowing shall be applied to pay the Reimbursement Obligation then due.

Borrower’s Failure to Notify. If Borrower fails to give notice pursuant to [Section 2.5(a)] above of the continuation or conversion of any outstanding principal amount of a Borrowing of SOFR Loans before the last day of its then current Interest Period within the period required by [Section 2.5(a)] and such Borrowing is not prepaid in accordance with [Section 2.7(a)], such Borrowing shall automatically be continued as the same type of Loan and, in the case of SOFR Loans, having an Interest Period of one (1) month. In the event Borrower fails to give notice pursuant to [Section 2.5(a)] above of a Borrowing equal to the amount of a Reimbursement Obligation and has not notified Administrative Agent by 12:00 noon on the day such Reimbursement Obligation becomes due that it intends to repay such Reimbursement Obligation through funds not borrowed under this Agreement, Borrower shall be deemed to have requested a Borrowing of Base Rate Loans under the Revolving Credit on such day in the amount of the Reimbursement Obligation then due, which Borrowing shall be applied to pay the Reimbursement Obligation then due.

Obligation to Notify. Each Party shall promptly notify the other Party upon becoming aware of any breach or violation by the Sales Force or by such Party’s other employees of the Anti-Corruption Laws and shall take such steps as the Parties may reasonably agree to avoid a potential violation of the Anti-Corruption Laws.

Duty to Notify. In the event you receive a request or demand, orally, in writing, electronically or otherwise, for the disclosure or production of confidential information which you created or acquired in the course of your employment, you must notify immediately the Company’s General Counsel, Chief Legal Officer and Secretary by calling [[Phone]] (or such other number as the Company may have provided by notice given to you in accordance with the Employment Agreement) and notifying him promptly in writing, via first class mail, at the following address: [[Company:Organization]], 3600 Horizon Blvd., Trevose, PA 19053, enclosing a copy of the request or demand as well as any and all non-privileged documents relating to the request or demand that you are able to locate promptly. You shall wait at least ten (10) days (or the maximum time permitted by such legal process, if less) after sending the letter before making a disclosure or production to give the Company time to determine whether the disclosure or production involves confidential and/or proprietary information, in which event the Company may seek to prohibit and/or restrict the production and/or disclosure and/or to obtain a protective order. This obligation shall not apply in the event of requests or demands for confidential information from any government agency, commission or entity.

Permission to Notify. Executive authorizes the Company to notify others, including (without limitation) the Executive’s current or future clients, of the terms of this Agreement and the Executive’s covenants and obligations hereunder.

Obligation to Notify. Novos shall promptly notify Evoke upon becoming aware of any breach or violation by the Sales Force of the Anti-Corruption Laws and shall take such steps as the Parties may reasonably agree to avoid a potential violation of the Anti-Corruption Laws.

Duty to Notify. If either Party learns of an infringement, unauthorized use, misappropriation or threatened infringement by a Third Party with respect to any Joint Patents, such Party will promptly notify the other Party in writing and will provide such other Party with available information regarding such infringement.

Failure to Timely File Borrower’s Financial Reports. The Borrower fails to timely file all reporting required under the Exchange Act, filed with the SEC and, if the Borrower’s Common Stock is quoted by OTC Markets, Inc. f/k/a “Pink Sheets,” then the Borrower’s failure to timely file all reports required to be filed by it with OTC Markets, Inc. f/k/a “Pink Sheets” whereby the Borrower either # fails to be reported as “Pink Current Information” designated company, or # is reported as “No Inside.”

No Obligation to Notify. The Company shall have no duty or obligation to any holder of a Stock Award to advise such holder as to the time or manner of exercising such Stock Award. Furthermore, the Company shall have no duty or obligation to warn or otherwise advise such holder of a pending termination or expiration of a Stock Award or a possible period in which the Stock Award may not be exercised. The Company has no duty or obligation to minimize the tax consequences of a Stock Award to the holder of such Stock Award.

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