Promptly after any Responsible Officer of the Borrowers obtains knowledge thereof, notice of (i) the occurrence of any event which constitutes a Default or an Event of Default, (ii) any default or event of default under the ABL Credit Agreement or any refinancing thereof, any Permitted Pari Passu Notes Documents or any Permitted Junior Debt or other debt instrument in excess of the Threshold Amount, (iii) any litigation, or governmental investigation or proceeding pending against Parent or any of its Subsidiaries which would reasonably be expected, either individually or in the aggregate, to have a Material Adverse Effect or (iv) any other event, change or circumstance that would reasonably be expected, either individually or in the aggregate, to have a Material Adverse Effect.