Common use of Default Notice Clause in Contracts

Default Notice. As soon as possible and in any event within five days after the Borrower knows or reasonably should have known of the occurrence of a Default or any event, development or occurrence reasonably likely to have a Material Adverse Effect continuing on the date of such statement, a statement of the chief financial officer of the Borrower setting forth details of such Default or other event, development or occurrence and the action that the Borrower has taken and proposes to take with respect thereto.

Appears in 7 contracts

Samples: Credit Agreement (Davita Inc), Credit Agreement (Davita Inc), Credit Agreement (Davita Inc)

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Default Notice. As soon as possible and in any event within five days after the any Responsible Officer of any Borrower knows or reasonably should have known becomes aware of the occurrence of a each Default or any event, development or occurrence reasonably likely to have a Material Adverse Effect continuing on the date of such statement, a statement of the chief financial officer, treasurer or chief accounting officer of the such Borrower setting forth details of such Default or other event, development or occurrence and the action that the such Borrower has taken and proposes to take with respect thereto.

Appears in 6 contracts

Samples: Credit Agreement (Crompton & Knowles Corp), Credit Agreement (Uniroyal Chemical Co Inc), Credit Agreement (Crompton & Knowles Corp)

Default Notice. As soon as possible and in any event within five days after the Borrower knows or reasonably should have known of the occurrence of a Default or any event, development or occurrence reasonably likely to have a Material Adverse Effect continuing on the date of such statement, a statement of the chief financial officer of the Borrower setting forth details of such Default or other event, development or occurrence and the action that the Borrower has taken and proposes to take with respect thereto.

Appears in 5 contracts

Samples: Credit Agreement (Davita Inc), Credit Agreement (Davita Inc), Credit Agreement (Davita Healthcare Partners Inc.)

Default Notice. As soon as possible and in any event within five (5) days after the Borrower knows or reasonably should have known of the occurrence of a each Default or any event, development or occurrence reasonably likely to have a Material Adverse Effect continuing on the date of such statement, a statement of the chief financial officer of the Borrower setting forth details of such Default or other event, development or occurrence and the action that the Borrower has taken and proposes to take with respect thereto.

Appears in 3 contracts

Samples: Credit Agreement (LNR Property Corp), Credit Agreement (LNR Property Corp), Credit Agreement (LNR Property Corp)

Default Notice. As soon as possible and in any event within five days after the Borrower knows or reasonably should have known of obtains knowledge thereof, the occurrence of a each Default or any event, development or occurrence reasonably likely to have a Material Adverse Effect continuing on the date of such statement, a statement of the chief financial officer a Responsible Officer of the Borrower setting forth details of such Default or other event, development or occurrence and the action that the Borrower has taken and proposes to take with respect thereto.

Appears in 2 contracts

Samples: Credit Agreement (US Power Generating CO), Credit and Guaranty Agreement (US Power Generating CO)

Default Notice. As soon as possible and in any event within five days Business Days after the Borrower knows or reasonably should have known obtains Knowledge of the occurrence of a Default or any event, development or occurrence reasonably likely to have a Material Adverse Effect continuing on the date of such statement, a statement of the chief financial officer of the Borrower setting forth details of such Default or other event, development or occurrence and the action that the Borrower has taken and proposes to take with respect thereto.

Appears in 2 contracts

Samples: Second Lien Credit Agreement (U S Energy Systems Inc), First Lien Credit Agreement (U S Energy Systems Inc)

Default Notice. As soon as possible and in any event within five days Business Days after the Borrower knows or reasonably should have known of the occurrence of a each Default or any event, development or occurrence reasonably likely expected to have result in a Material Adverse Effect continuing on the date of such statement, a statement of the chief financial officer Chief Financial Officer (or other Responsible Officer) of the Borrower setting forth details of such Default or other such event, development or occurrence and the action that the Borrower has taken and proposes to take with respect thereto.

Appears in 2 contracts

Samples: Credit Agreement (Summit Hotel Properties, Inc.), Credit Agreement (Summit Hotel Properties, Inc.)

Default Notice. As soon as possible and in any event within five days after the Borrower knows or reasonably should have known of the occurrence of a each Default or any event, development or occurrence reasonably likely to have a Material Adverse Effect continuing on the date of such statement, a statement of the chief financial officer a Responsible Officer of the applicable Borrower setting forth details of such Default or other event, development or occurrence event and the action that the such Borrower has taken and proposes to take with respect thereto.

Appears in 2 contracts

Samples: Credit Agreement (Laidlaw International Inc), Credit Agreement (Laidlaw International Inc)

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Default Notice. As soon as possible and in any event within five days after the Borrower knows or reasonably should have known of the occurrence of a each Default or any event, development or occurrence reasonably likely to have a Material Adverse Effect continuing on the date of such statement, a statement of the chief financial officer senior Financial Officer of the Borrower setting forth details of such Default or other event, development or occurrence and the action that the Borrower has taken and proposes to take with respect thereto.

Appears in 2 contracts

Samples: Credit Agreement (US Power Generating CO), Credit Agreement (US Power Generating CO)

Default Notice. As soon as possible and in any event within five (5) days after the Borrower knows becomes aware or reasonably should have known become aware of the occurrence of a each Default or any event, development or occurrence reasonably likely to have a Material Adverse Effect continuing on the date of such statement, a statement of the chief financial officer of the Borrower setting forth details of such Default or other event, development or occurrence and the action that the Borrower has taken and proposes to take with respect thereto.

Appears in 1 contract

Samples: Loan Agreement (Textor John C)

Default Notice. As soon as possible and in any event within five -------------- days after the Borrower knows or reasonably should have known of the occurrence of a Default or any event, development or occurrence reasonably likely to have a Material Adverse Effect continuing on the date of such statement, a statement of the chief financial officer of the Borrower setting forth details of such Default or other event, development or occurrence and the action that the Borrower has taken and proposes to take with respect thereto.

Appears in 1 contract

Samples: Credit Agreement (Tri City Dialysis Center Inc)

Default Notice. As soon as possible and in any event within five days Business Days after the Borrower knows date on which it has knowledge or reasonably should have known knowledge of the occurrence of a any Default or any event, development or occurrence reasonably likely to have a Material Adverse Effect continuing on the date of such statement, a statement of the chief financial officer of the Borrower setting forth details of such Default or other event, development or occurrence and the action that the Borrower has taken and proposes to take with respect thereto.

Appears in 1 contract

Samples: Credit Agreement (NCO Teleservices, Inc.)

Default Notice. As soon as possible and in any event within five (5) days after the Borrower knows or reasonably should have known of obtains knowledge thereof, the occurrence of a each Default or any event, development or occurrence reasonably likely to have a Material Adverse Effect continuing on the date of such statement, a statement of the chief financial officer a Responsible Officer of the Borrower setting forth details of such Default or other event, development or occurrence and the action that the Borrower has taken and proposes to take with respect thereto.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (US Power Generating CO)

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