Debt Notices Clause Samples
The Debt Notices clause establishes the procedures and requirements for formally notifying a party about outstanding debts or payment defaults under an agreement. Typically, it outlines how and when such notices must be delivered, the information they should contain, and the acceptable methods of communication, such as email or registered mail. By specifying these details, the clause ensures that both parties are clearly informed of any payment issues, thereby facilitating timely resolution and reducing the risk of disputes over missed or delayed payments.
Debt Notices. Promptly following receipt by the Company or any of its Subsidiaries, copies of any material notices (including notices of default or acceleration) received from any holder or trustee of, under or with respect to any Debt of the Company or such Subsidiary.
Debt Notices. Not later than ten (10) Business Days after receipt thereof by any Loan Party or any Subsidiary thereof, copies of all notices, requests and other documents (including amendments, waivers and other modifications) so received under or pursuant to any instrument, indenture, loan or credit or similar agreement regarding or related to any breach or default by any party thereto or any other event that could reasonably be expected to materially impair the value of the interests or the rights of any Loan Party or otherwise have a Material Adverse Effect and, from time to time upon request by the Lender, such information and reports regarding such instruments, indentures and loan and credit and similar agreements as the Lender may reasonably request.
Debt Notices. Concurrently with the giving thereof, and within ten (10) Business Days of receipt thereof, copies of all notices, other than routine correspondence, given or received by the Borrower, or any Loan Party with respect to any Subsidiary Debt.
Debt Notices. Promptly following receipt, copies of any notices (including notices of default or acceleration) received from any holder or trustee of, under or with respect to any Debt in excess of $2,000,000.00.
19. Section 10.14 of the Credit Agreement is hereby amended in its entirety to be and to read as follows:
Debt Notices. At any time during which the holder of the Note would be entitled to received and retain payment under the Note pursuant to the terms of the Note, including the subordination provisions thereof, Purchaser shall promptly deliver to Seller any borrower default notice sent to or received from any senior lenders.