Common use of Notice of Default or Event of Default Clause in Contracts

Notice of Default or Event of Default. Upon the occurrence of either a Default or an Event of Default of which the Borrower is aware, the Borrower shall promptly deliver to the Administrative Agent a notice specifying the nature and date of occurrence of such Default or Event of Default, such Obligor’s assessment of the duration and effect thereof and the action which the relevant Obligor proposes to take with respect thereto.

Appears in 6 contracts

Samples: Credit Agreement (Silver Wheaton Corp.), Credit Agreement (Sandstorm Gold LTD), Credit Agreement (Sandstorm Gold LTD)

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Notice of Default or Event of Default. Upon the occurrence Reasonably promptly upon any Responsible Officer of either a Default or an Event of Default of which the Borrower is aware, the Borrower shall promptly deliver to the Administrative Agent a notice specifying the nature and date obtaining actual knowledge of occurrence of such any Default or Event of Default, a reasonably-detailed notice specifying the nature and period of existence of such Obligor’s assessment of event and what action the duration and effect thereof and the action which the relevant Obligor Borrower has taken, is taking and/or proposes to take with respect thereto.;

Appears in 5 contracts

Samples: Assignment and Assumption (Claros Mortgage Trust, Inc.), Term Loan Credit Agreement (Claros Mortgage Trust, Inc.), Term Loan Credit Agreement (Claros Mortgage Trust, Inc.)

Notice of Default or Event of Default. Upon the occurrence of either a Default or an Event of Default of which the Borrower is awareDefault, the Borrower Borrowers shall promptly deliver to the Administrative Agent a notice specifying the nature and date of occurrence of such Default or Event of Default, such Obligor’s assessment of the duration and effect thereof Default and the action which the relevant Obligor proposes Borrowers propose to take with respect thereto.

Appears in 4 contracts

Samples: Credit Agreement (Vitran Corp Inc), Credit Agreement (Vitran Corp Inc), Credit Agreement (Vitran Corp Inc)

Notice of Default or Event of Default. Upon the occurrence of either a Default or an Event of Default of which the Borrower is aware, the Borrower shall promptly deliver to the Administrative Agent a notice specifying the nature and date of occurrence of such Default or Event of Default, such Obligor’s the Borrower’ assessment of the duration and effect thereof and the action which the relevant Obligor proposes Borrower propose to take with respect thereto.

Appears in 3 contracts

Samples: Credit Agreement (Yamana Gold Inc), Credit Agreement (Yamana Gold Inc), Credit Agreement (Yamana Gold Inc)

Notice of Default or Event of Default. Upon the occurrence of either a Default or an Event of Default of which the Borrower any Company is aware, the Borrower shall promptly deliver to the Administrative Agent Bank a notice specifying the nature and date of occurrence of such Default or Event of Default, such Obligorthe Borrower’s assessment of the duration and effect thereof and the action which the relevant Obligor Borrower proposes to take with respect thereto.

Appears in 1 contract

Samples: Credit Agreement (Novagold Resources Inc)

Notice of Default or Event of Default. Upon the occurrence of either a Default or an Event of Default of which the either Borrower is aware, the Borrower Borrowers shall promptly deliver to the Administrative Agent a notice specifying the nature and date of occurrence of such Default or Event of Default, such Obligor’s the Borrowers' assessment of the duration and effect thereof and the action which the relevant Obligor proposes Borrowers propose to take with respect thereto.

Appears in 1 contract

Samples: Credit Agreement (4352351 Canada Inc.)

Notice of Default or Event of Default. Upon the occurrence of either a Default or an Event of Default of which the theany Borrower is aware, the Borrower BorrowerBorrowers shall promptly deliver to the Administrative Agent a notice specifying the nature and date of occurrence of such Default or Event of Default, such Obligorthesuch Borrower’s assessment of the duration and effect thereof and the action which the relevant Obligor thesuch Borrower proposes to take with respect thereto.

Appears in 1 contract

Samples: Revolving Facility Credit Agreement (Royal Gold Inc)

Notice of Default or Event of Default. Upon It will promptly give notice to the occurrence Administrative Agent and the Lenders of either a any Default or an Event of Default of which the Borrower it is or should be aware, the Borrower shall promptly deliver to the Administrative Agent a notice specifying the nature and date of occurrence of such Default or Event of Default, such Obligor’s assessment of the duration and effect thereof and the action which the relevant Obligor proposes to take with respect thereto.

Appears in 1 contract

Samples: Credit Agreement (Provident Energy Trust)

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Notice of Default or Event of Default. Upon the occurrence of either a Default or an Event of Default of which the any Borrower is aware, the Borrower Borrowers shall promptly deliver to the Administrative Agent a notice specifying the nature and date of occurrence of such Default or Event of Default, such ObligorBorrower’s assessment of the duration and effect thereof and the action which the relevant Obligor such Borrower proposes to take with respect thereto.. ​

Appears in 1 contract

Samples: Revolving Facility Credit Agreement (Royal Gold Inc)

Notice of Default or Event of Default. Upon the occurrence of either a Default or an Event of Default of which the a Borrower is aware, the such Borrower shall promptly deliver to the Administrative Agent a notice specifying the nature and date of occurrence of such Default or Event of Default, such Obligor’s Borrower's assessment of the duration and effect thereof and the action which the relevant Obligor proposes to take with respect thereto.

Appears in 1 contract

Samples: Credit Agreement (Wheaton Precious Metals Corp.)

Notice of Default or Event of Default. Upon the occurrence of either a Default or an Event of Default of which the either Borrower is aware, the Borrower Borrowers shall promptly deliver to the Administrative Agent a notice specifying the nature and date of occurrence of such Default or Event of Default, such Obligor’s the Borrowers’ assessment of the duration and effect thereof and the action which the relevant Obligor proposes Borrowers propose to take with respect thereto.

Appears in 1 contract

Samples: Credit Agreement (Lundin Mining CORP)

Notice of Default or Event of Default. Upon the occurrence of either a Default or an Event of Default of which the Borrower is aware, the Borrower shall promptly deliver to the Administrative Agent a notice specifying the nature and date of occurrence of such Default or Event of Default, such Obligorthe Borrower’s assessment of the duration and effect thereof and the action which the relevant Obligor Borrower proposes to take with respect thereto.

Appears in 1 contract

Samples: Revolving Facility Credit Agreement (Royal Gold Inc)

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