Common use of Notice and Waiver Clause in Contracts

Notice and Waiver. Borrower hereby provides notice of (a) the formation of Tronox Limited, a 100% owned foreign subsidiary of Parent, on September 21, 2011, and (b) the formation of Tronox Australia Pigments Holdings Pty Limited, a 100% owned foreign subsidiary of Parent, on January 12, 2012. By their signature hereto, Lenders hereby waive the Event of Default that occurred under Section 8.2(a) due to the failure by Parent give notice thereof or provide a pledge of the Equity Interests in such subsidiaries within the time required pursuant to Section 5.11 of the Credit Agreement.