Common use of Cooperation of Lenders Clause in Contracts

Cooperation of Lenders. Each Lender shall (a) promptly notify the other Lenders and the Agent of any Event of Default known to such Lender under this Agreement and not reasonably believed to have been previously disclosed to the other Lenders; (b) provide the other Lenders and the Agent with such information and documentation as such other Lenders or the Agent shall reasonably request in the performance of their respective duties hereunder, including, without limitation, all information relative to the outstanding balance of principal, interest and other sums owed to such Lender by the Borrower; and (c) cooperate with the Agent with respect to any and all collections and/or foreclosure procedures at any time commenced against the Borrower or otherwise in respect of the Collateral by the Agent in the name and on behalf of the Lenders.

Appears in 6 contracts

Samples: Term Loan Agreement (Pegasus Communications Corp /), Term Loan Agreement (Pegasus Satellite Communications Inc), Credit Agreement (Pegasus Communications Corp)

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Cooperation of Lenders. Each Lender shall (a) promptly notify the other Lenders and the Agent of any Event of Default known to such Lender under this Agreement and not reasonably believed to have been previously disclosed to the other Lenders; (b) provide the other Lenders and the Agent with such information and documentation as such other Lenders or the Agent shall reasonably request in the performance of their respective duties hereunder, including, without limitation, all information relative to the outstanding balance of principal, interest and other sums owed to such Lender by the BorrowerBorrowers; and (c) cooperate with the Agent with respect to any and all collections and/or foreclosure procedures at any time commenced against any Borrower, any of its Subsidiaries, the Borrower Principal or otherwise in respect of the Collateral by the Agent in the name and on behalf of the Lenders.

Appears in 2 contracts

Samples: Credit Agreement (Star Buffet Inc), Credit Agreement (Jerrys Famous Deli Inc)

Cooperation of Lenders. Each Lender shall (a) promptly notify the other Lenders and the Agent of any Event of Default known to such Lender under this Agreement and not reasonably believed to have been previously disclosed to the other Lenders; (b) provide the other Lenders and the Agent with such information and documentation as such other Lenders or the Agent shall reasonably request in the performance of their respective duties hereunder, including, without limitation, all information relative to the outstanding balance of principal, interest and other sums owed owned to such Lender by the Borrower; and (c) cooperate with the Agent with respect to any and all collections and/or foreclosure procedures at any time commenced against the Borrower or otherwise in respect of the Collateral by the Agent in the name and on behalf of the Lenders.

Appears in 2 contracts

Samples: Credit Agreement (Acme Intermediate Holdings LLC), Credit Agreement (Acme Television LLC)

Cooperation of Lenders. Each Lender shall (a) promptly notify the other Lenders and the Agent of any Event Events of Default known to such Lender under this Agreement and not reasonably believed to have been previously disclosed to the other Lenders; (b) provide the other Lenders and the Agent with such information and documentation as such other Lenders or the Agent shall reasonably request in the performance of their respective duties hereunder, including, without limitation, including all information relative to the outstanding balance of principal, interest and other sums owed to such Lender by the BorrowerCompany; and (c) cooperate with the Agent with respect to any and all collections and/or foreclosure procedures at any time commenced against the Borrower Company or otherwise in respect of the Collateral by the Agent in the name and on behalf of the Lenders.

Appears in 1 contract

Samples: Onyx Acceptance Corp

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Cooperation of Lenders. Each Lender shall (a) promptly notify the other ---------------------------- Lenders and the Agent of any Event Events of Default known to such Lender under this Agreement and not reasonably believed to have been previously disclosed to the other Lenders; (b) provide the other Lenders and the Agent with such information and documentation as such other Lenders or the Agent shall reasonably request in the performance of their respective duties hereunder, including, without limitation, including all information relative to the outstanding balance of principal, interest and other sums owed to such Lender by the BorrowerCompany; and (c) cooperate with the Agent with respect to any and all collections and/or foreclosure procedures at any time commenced against the Borrower Company or otherwise in respect of the Collateral by the Agent in the name and on behalf of the Lenders.

Appears in 1 contract

Samples: Consumer Portfolio Services Inc

Cooperation of Lenders. Each Lender shall (a) promptly notify the other Lenders and the Agent of any Event of Default default known to such Lender under this Agreement and not reasonably believed to have been previously disclosed to the other Lenders; (b) provide the other Lenders and the Agent with such information and documentation as such other Lenders or the Agent shall reasonably request in the performance of their respective duties obligations hereunder, including, without limitation, all including but not limited to information relative to the outstanding balance of principal, interest and other sums owed to such Lender Lenders and the enforcement costs incurred by the Borrowersuch Lender; and (c) subject to the provisions hereof, cooperate with the Collateral Agent with respect to any and all collections and/or foreclosure procedures at any time commenced against the Borrower or otherwise in respect of collateral securing the Collateral by the Agent in the name and on behalf of the LendersIndebtedness.

Appears in 1 contract

Samples: Intercreditor Agreement (Palm Harbor Homes Inc /Fl/)

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