Common use of Default Certificate Clause in Contracts

Default Certificate. As soon as possible and in any event within five (5) business days after the occurrence of each Event of Default (as defined in Section 7.01) of which the Borrower has knowledge, the statement of the President of the Borrower setting forth details of such Event of Default and the action which the Borrower proposes to take with respect thereto.

Appears in 5 contracts

Samples: Loan Agreement (Paxson Communications Corp), Loan Agreement (Paxson Communications Corp), Loan Agreement (Paxson Communications Corp)

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Default Certificate. As soon as possible and in any event within five (5) business days after the occurrence of each Event of Default (as defined in Section 7.017.1) of which the Borrower has knowledge, the statement of the President of the Borrower setting forth details of such Event of Default and the action which the Borrower proposes to take with respect thereto.

Appears in 2 contracts

Samples: Loan Agreement (Paxson Communications Corp), Loan Agreement (Paxson Communications Corp)

Default Certificate. As soon as possible and in any event within five (5) business days after the occurrence of each Event of Default (as defined in Section 7.017.1) of which the Borrower has knowledge, the statement of the President chief financial officer of the Borrower setting forth details of such Event of Default and the action which the Borrower proposes to take with respect thereto.

Appears in 2 contracts

Samples: Loan Agreement (Paxson Communications Corp), Loan Agreement (Paxson Communications Corp)

Default Certificate. As soon as possible and in any event within five (5) business days after the occurrence of each Event of Default (as defined in Section 7.017.1) of which the Borrower has knowledge, the statement of the President of the general partner of Borrower setting forth details of such Event of Default and the action which the Borrower proposes to take with respect thereto.

Appears in 1 contract

Samples: Loan Agreement (Paxson Communications Corp)

Default Certificate. As soon as possible and in any event within five (5) business days after the occurrence of each Event of Default (as defined in Section 7.017.1) of which the Borrower has knowledge, the statement of the President of the Borrower setting forth details of such Event of Default and the action which the Borrower proposes to take with respect thereto.

Appears in 1 contract

Samples: Loan Agreement (Paxson Communications Corp)

Default Certificate. As soon as possible and in any event within five (5) business days after the occurrence of each any Event of Default (as defined in Section 7.017.1) of which the Borrower has knowledge, the statement of the President of the Borrower setting forth details of such Event of Default and the action which the Borrower proposes to take with respect thereto.

Appears in 1 contract

Samples: Loan Agreement (Paxson Communications Corp)

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Default Certificate. As soon as possible and in any event within five (5) business days after the occurrence of each Event of Default (as defined in Section 7.017.1) of which the Borrower has knowledge, the statement of the President of the Borrower setting forth details of such Event of Default and the action which the Borrower proposes to take with respect thereto.

Appears in 1 contract

Samples: Loan Agreement (I Link Inc)

Default Certificate. As soon as possible and in any event within five seven (57) business days after the occurrence of each Event of Default (as defined in Section 7.017.1) of which the Borrower has knowledge, the statement of the President chief financial officer of the Borrower setting forth details of such Event of Default and the action which the Borrower proposes to take with respect thereto.

Appears in 1 contract

Samples: Loan Agreement (HSN Inc)

Default Certificate. As soon as possible and in any event within ------------------- five (5) business days after the occurrence of each Event of Default (as defined in Section 7.017.1) of which the Borrower has knowledge, the statement of the President of the Borrower setting forth details of such Event of Default and the action which the Borrower proposes to take with respect thereto.

Appears in 1 contract

Samples: Loan Agreement (Medcross Inc)

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