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

Notice of Default or Events of Default. If a default or an Event of Default occurs and is continuing and if it is known to the Trustee, the Trustee shall mail to each Securityholder notice of all uncured defaults or Events of Default known to it within 90 days after it occurs. However, the Trustee may withhold the notice if and so long as a committee of its Trust Officers in good faith determines that withholding notice is in the interests of Securityholders, except in the case of a default or an Event of Default in payment of the principal of, or premium, if any, or interest on any Security when due or in the payment of any redemption or purchase obligation.

Appears in 2 contracts

Samples: Indenture (Bell Microproducts Inc), Bell Microproducts Inc

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Notice of Default or Events of Default. If a default or an Event of Default occurs and is continuing and if it is known to the Trustee, the Trustee shall mail to each Securityholder of the affected series notice of all uncured defaults the default or Events Event of Default known to it within 90 days after it occurs. However, the Trustee may withhold the notice if and so long as a committee of its Trust Officers in good faith determines that withholding notice is in the interests of SecurityholdersSecurityholders of such series, except in the case of a default or an Event of Default in payment of the principal of, or (including premium, if any) of, interest or interest Additional Interest, if any, on any Security when due or in the payment of any redemption or purchase obligationsuch series.

Appears in 2 contracts

Samples: Valeant Pharmaceuticals International, Valeant Pharmaceuticals International, Inc.

Notice of Default or Events of Default. If a default or an Event of Default occurs and is continuing and if it is known to the Trustee, the Trustee shall mail to each Securityholder notice of all uncured defaults or Events of Default known to it within 90 20 days after it occurs. However, the Trustee may withhold the notice if and so long as a committee of its Trust Officers in good faith determines that withholding notice is in the interests of Securityholders, except in the case of a default or an Event of Default in payment of the principal of, or premium, if any, or interest interest, including Registration Default Payments, on any Security when due or in the payment of any redemption or purchase obligation.

Appears in 1 contract

Samples: Purchase Agreement (Lexar Media Inc)

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Notice of Default or Events of Default. If a default or an Event of Default occurs and is continuing and if it is known to the Trustee, the Trustee shall mail to each Securityholder notice of all uncured defaults the Default or Events Event of Default known to it within 90 days after it occurs. However, the Trustee may withhold the notice if and so long as a committee of its Trust Officers in good faith determines that withholding notice is in the interests of Securityholders, except in the case of a default Default or an Event of Default in payment of the principal of, or (including premium, if any) of, interest or interest Additional Interest, if any, on any Security when due or in the payment of any redemption or purchase obligationSecurity.

Appears in 1 contract

Samples: Ribapharm Inc

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