Common use of Default Notice Clause in Contracts

Default Notice. As soon as possible and in any event within three Business Days after any Responsible Officer of the Borrower has knowledge of the occurrence of each Default or within five Business Days after any Responsible Officer of the Borrower has knowledge of the occurrence of any event, development or occurrence reasonably likely to have a Material Adverse Effect continuing on the date of such statement, a statement of a Responsible Officer (or person performing similar functions) of the Borrower setting forth details of such Default or other event and the action that the Borrower has taken and proposes to take with respect thereto.

Appears in 8 contracts

Samples: Credit and Guaranty Agreement (Dana Inc), Possession Credit Agreement (Dana Corp), Revolving Credit and Guaranty Agreement (Dana Holding Corp)

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Default Notice. As soon as possible and in any event within three Business Days after any Responsible Officer of the any Borrower has knowledge of the occurrence of each Default or within five Business Days after any Responsible Officer of the any Borrower has knowledge of the occurrence of any event, development or occurrence reasonably likely to have a Material Adverse Effect continuing on the date of such statement, a statement of a Responsible Officer (or person performing similar functions) of the such Borrower setting forth details of such Default or other event and the action that the such Borrower has taken and proposes to take with respect thereto.

Appears in 3 contracts

Samples: Credit and Guaranty Agreement (Dana Inc), Credit and Guaranty Agreement (Dana Inc), Credit and Guaranty Agreement (Dana Inc)

Default Notice. As soon as possible and in any event within three Business Days after any Responsible Officer of the Borrower has obtaining knowledge of the occurrence of each Default or within five Business Days after any Responsible Officer of the Borrower has knowledge of the occurrence of any event, development or occurrence that could be reasonably likely to have a Material Adverse Effect continuing on the date of such statement, a statement of a Responsible Officer (or person performing similar functions) of the Borrower setting forth details of such Default or other event and the action that the Borrower has taken and proposes to take with respect thereto.

Appears in 2 contracts

Samples: Term Loan Agreement (Berliner Communications Inc), First Lien Credit Agreement (Berliner Communications Inc)

Default Notice. As soon as possible and in any event within three Business Days after any a Responsible Officer of the Borrower has knowledge becomes aware or should be aware of the occurrence of each Default or within five Business Days after any Responsible Officer of the Borrower has knowledge of the occurrence of any event, development or occurrence reasonably likely to have a Material Adverse Effect continuing on the date of such statement, a statement of a Responsible Officer (or person performing similar functions) of the Borrower setting forth details of such Default Default, event, development or other event occurrence and the action that the Borrower has taken and proposes to take with respect thereto.

Appears in 1 contract

Samples: Credit Agreement (Advance Paradigm Inc)

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Default Notice. As soon as possible and in any event within three Business Days after any Responsible Officer of the Borrower has knowledge of the occurrence of each Default or within five Business Days after any Responsible Officer of the Borrower has knowledge of the occurrence of any event, development or occurrence reasonably likely to have a Material Adverse Effect continuing on the date of such statement, a statement of a Responsible Officer (or person performing similar functions) of the Borrower setting forth details of such Default or other event and the action that the Borrower has taken and proposes to take with respect thereto.. Xxxx Amended and Restated Revolving Credit and Guaranty Agreement

Appears in 1 contract

Samples: And Guaranty Agreement (Dana Holding Corp)

Default Notice. As soon as possible and in any event within three Business Days after any Responsible Officer of the Borrower has knowledge of the occurrence of each Default or within five Business Days after any Responsible Officer of the Borrower has knowledge of the occurrence of any event, development or occurrence reasonably likely to have a Material Adverse Effect continuing on the date of such statement, a statement of a Responsible Officer (or person performing similar functions) of the Borrower setting forth details of such Default or other event and the action that the Borrower has taken and proposes to take with respect thereto.. Dxxx—Term Credit and Guaranty Agreement

Appears in 1 contract

Samples: Term Facility Credit and Guaranty Agreement (Dana Holding Corp)

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