Common use of Knowledge of Default Clause in Contracts

Knowledge of Default. Agent shall not be deemed to have knowledge or notice of the occurrence of any Default or Event of Default unless Agent has received written notice from a Lender or a Borrower referring to this Agreement, describing such Default or Event of Default and stating that such notice is a “notice of default”. In the event that Agent receives such a notice, Agent shall give notice thereof to the Lenders. Agent shall take such action with respect to such Default or Event of Default as shall be reasonably directed by the Required Lenders (or, if so specified by this Agreement, all Lenders); provided that, unless and until Agent shall have received such directions, Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Default or Event of Default as it shall deem advisable, in its discretion, for the protection of the interests of the holders of the Obligations.

Knowledge of Default. Neither Agent nor Collateral Agent shall not be deemed to have knowledge or notice of the occurrence of any Default or Event of Default unless Agent has received written notice from a Lender or a Borrower referring to this Agreement, describing such Default or Event of Default and stating that such notice is a “notice of default”. In the event that Agent receives such a notice, Agent shall give notice thereof to the Lenders. Agent shall take such action with respect to such Default or Event of Default as shall be reasonably directed by the Required Lenders (or, if so specified by this Agreement, all Lenders); provided that, unless and until Agent shall have received such directions, Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Default or Event of Default as it shall deem advisable, in its discretion, for the protection of the interests of the holders of the Obligations.

Knowledge of Default. Agent shall not be deemed to have knowledge or notice of the occurrence of any Default or Event of Default unless Agent has received written notice from a Lender or a Borrower referring to this Agreement, describing such Default or Event of Default and stating that such notice is a “notice of default”. In the event that Agent receives such a notice, Agent shall give notice thereof to the Lenders. Agent shall take such action with respect to such Default or Event of Default as shall be reasonably directed by the Required Lenders (or, if so specified by this Agreement, all Lenders); provided that, unless and until Agent shall have received such directions, Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Default or Event of Default as it shall deem advisable, in its discretion, for the protection of the interests of the holders of the Obligations.

Knowledge of Default. It is expressly understood and agreed that the Agent shall not be deemed to have knowledge or notice of the occurrence of any Possible Default or Event of Default hereunder (other than the failure to make available to the Agent any principal of or interest on the Loans for the account of the Banks as required under this Agreement and the Notes), unless the Agent has actually received written notice from a Lender Bank or a the Borrower referring to this Agreement, describing such Possible Default or Event of Default and stating that such notice is a “notice of default”. .” In the event that the Agent receives such a notice, the Agent shall give prompt notice thereof to the LendersBanks. The Agent shall take such action with respect to such Default or Event of Default as shall be reasonably directed by the Required Lenders (orBanks; provided, if so specified by this Agreement, all Lenders); provided that, that unless and until the Agent shall have received such directions, the Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Possible Default or Event of Default as it shall deem advisable, advisable or in its discretion, for the protection of the best interests of the holders of the ObligationsBanks.

Knowledge of Default. It is expressly understood and agreed that the Agent shall not be deemed to have knowledge or notice of the occurrence of any Possible Default or Event of Default (other than the failure to make available to the Agent any principal of or interest on the Loans, or any fees, for the account of the Banks as required under this Agreement and the Notes), unless the Agent has actually received written notice from a Lender Bank or a the Borrower referring to this Agreement, describing such Possible Default or Event of Default and stating that such notice is a “notice of default”. .” In the event that the Agent receives such a notice, the Agent shall give prompt notice thereof to the LendersBanks. The Agent shall take such action with respect to such Possible Default or Event of Default as shall be reasonably directed by the Majority Banks, the Required Lenders (orBanks, if so specified by this Agreementthe Super Majority Banks or all of the Banks, all Lenders)as applicable; provided thatprovided, that unless and until the Agent shall have received such directions, the Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Possible Default or Event of Default as it shall deem advisable, advisable or in its discretion, for the protection of the best interests of the holders of the ObligationsBanks.

Knowledge of Default. It is expressly understood and agreed that the Agent shall not be deemed to have knowledge or notice of the occurrence of any Possible Default or Event of Default hereunder (other than the failure to make available to the Agent any principal of or interest on the Loans for the account of the Banks as required under this Agreement and the Notes), unless the Agent has actually received written notice from a Lender Bank or a the Borrower referring to this Agreement, describing such Possible Default or Event of Default and stating that such notice is a “"notice of default”. ." In the event that the Agent receives such a notice, the Agent shall give prompt notice thereof to the LendersBanks. The Agent shall take such action with respect to such Default or Event of Default as shall be reasonably directed by the Required Lenders (orBanks; provided, if so specified by this Agreement, all Lenders); provided that, that unless and until the Agent shall have received such directions, the Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Possible Default or Event of Default as it shall deem advisable, advisable in its discretion, for the protection of the best interests of the holders of the ObligationsBanks.

Knowledge of Default. Agent shall not be deemed to have knowledge or notice of the occurrence of any Default or Event of Default unless Agent has received written notice from a Lender or a Borrower referring to this Agreement, describing such Default or Event of Default and stating that such notice is a “notice of default”. In the event that Agent receives such a notice, Agent shall give notice thereof to the Lenders. Agent shall take such action with respect to such Default or Event of Default as shall be reasonably directed by the Required Lenders (or, if so specified by this Agreement, all Lenders); provided that, unless and until Agent shall have received such directions, Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Default or Event of Default as it shall deem advisable, in its discretion, for the protection of the interests of the holders of the Obligations.

Knowledge of Default. Agent shall not be deemed to have knowledge or notice of the occurrence of any Default or Event of Default unless Agent has received written notice from a Lender or a Borrower referring to this Agreement, describing such Default or Event of Default and stating that such notice is a “notice of default”. In the event that Agent receives such a notice, Agent shall promptly give notice thereof to the Lenders. Agent shall take such action with respect to such Default or Event of Default as shall be reasonably directed by the Required Lenders (or, if so specified by this Agreement, all Lenders); provided that, unless and until Agent shall have received such directions, Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Default or Event of Default as it shall deem advisable, in its discretion, for the protection of the interests of the holders of the Obligations.

Knowledge of Default. It is expressly understood and agreed that the Agent shall not be deemed to have knowledge or notice of the occurrence of any Possible Default or Event of Default hereunder (other than the failure to make available to the Agent any principal of or interest on the Loans for the account of the Banks as required under this Amended Credit Agreement and the Notes), unless the Agent has actually received written notice from a Lender Bank or a the Borrower referring to this Agreement, describing such Possible Default or Event of Default and stating that such notice is a “"notice of default”. ." In the event that the Agent receives such a notice, the Agent shall give prompt notice thereof to the LendersBanks. The Agent shall take such action with respect to such Default or Event of Default as shall be reasonably directed by the Required Lenders (orBanks; provided, if so specified by this Agreement, all Lenders); provided that, that unless and until the Agent shall have received such directions, the Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Possible Default or Event of Default as it shall deem advisable, advisable in its discretion, for the protection of the best interests of the holders of the ObligationsBanks.

Knowledge of Default. It is expressly understood and agreed that the Agent shall not be deemed to have knowledge or notice of the occurrence of any Possible Default or Event of Default hereunder (other than the failure to make available to the Agent any principal of or interest on the Loans for the account of the Banks as required under this Agreement and the Notes), unless the Agent has actually received written notice from a Lender Bank or a the Borrower referring to this Agreement, describing such Possible Default or Event of Default and stating that such notice is a “"notice of default”. ." In the event that the Agent receives such a notice, the Agent shall give prompt notice thereof to the LendersBanks. The Agent shall take such action with respect to such Default or Event of Default as shall be reasonably directed by the Required Lenders (orBanks; provided, if so specified by this Agreement, all Lenders); provided that, that unless and until the Agent shall have received such directions, the Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Possible Default or Event of Default as it shall deem advisable, advisable or in its discretion, for the protection of the best interests of the holders of the ObligationsBanks.

Knowledge of Default. It is expressly understood and agreed that the Agent shall not be deemed to have knowledge or notice of the occurrence of any Possible Default or Event of Default (other than the failure to make available to the Agent any principal of or interest on the Loans, or any fees, for the account of the Banks as required under this Agreement and the Notes), unless the Agent has actually received written notice from a Lender Bank or a the Borrower referring to this Agreement, describing such Possible Default or Event of Default and stating that such notice is a “notice of default”. .” In the event that the Agent receives such a notice, the Agent shall give prompt notice thereof to the LendersBanks. The Agent shall take such action with respect to such Possible Default or Event of Default as shall be reasonably directed by the Majority Banks, the Required Lenders (orBanks or all of the Banks, if so specified by this Agreementas applicable; provided, all Lenders); provided that, that unless and until the Agent shall have received such directions, the Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Possible Default or Event of Default as it shall deem advisable, advisable or in its discretion, for the protection of the best interests of the holders of the ObligationsBanks.