Notice of Termination Events Sample Clauses

Notice of Termination Events. Neither any Purchaser Agent nor the Administrator shall be deemed to have knowledge or notice of the occurrence of any Termination Event or Unmatured Termination Event unless the Administrator and the Purchaser Agents have received notice from any Purchaser, the Servicer or the Seller stating that a Termination Event or an Unmatured Termination Event has occurred hereunder and describing such Termination Event or Unmatured Termination Event. In the event that the Administrator receives such a notice, it shall promptly give notice thereof to each Purchaser Agent whereupon each such Purchaser Agent shall promptly give notice thereof to its related Purchasers. In the event that a Purchaser Agent receives such a notice (other than from the Administrator), it shall promptly give notice thereof to the Administrator. The Administrator shall take such action concerning a Termination Event or an Unmatured Termination Event as may be directed by the Majority Purchaser Agents (unless such action otherwise requires the consent of all Purchasers, the LC Bank and/or the Required LC Participants), but until the Administrator receives such directions, the Administrator may (but shall not be obligated to) take such action, or refrain from taking such action, as the Administrator deems advisable and in the best interests of the Purchasers and the Purchaser Agents.
Notice of Termination Events. A statement of a Responsible Officer of the Transferor describing any Termination Event or Potential Termination Event that has occurred and is continuing and the action, if any, which the Transferor proposes to take with respect thereto. (ii)
Notice of Termination Events. No Group Agent shall be deemed to have knowledge or notice of the occurrence of any Unmatured Termination Event or Termination Event unless such Group Agent has received notice from the Administrative Agent, any other Group Agent, any other Purchaser Party, any Servicer or any SPV Entity stating that an Unmatured Termination Event or Termination Event has occurred hereunder and describing such Unmatured Termination Event or Termination Event. If a Group Agent receives such a notice, it shall promptly give notice thereof to the Purchaser Parties in its Group and to the Administrative Agent (but only if such notice received by such Group Agent was not sent by the Administrative Agent). A Group Agent may take such action concerning an Unmatured Termination Event or Termination Event as may be directed by Committed Purchasers in its Group representing a majority of the Commitments in such Group (subject to the other provisions of this Article XI), but until such Group Agent receives such directions, such Group Agent may (but shall not be obligated to) take such action, or refrain from taking such action, as such Group Agent deems advisable and in the best interests of the Conduit Purchasers and Committed Purchasers in its Group.
Notice of Termination Events. A statement of a Financial Officer of each Servicer describing any Termination Event or Unmatured Termination Event that has occurred and is continuing and the action, if any, which such Servicer proposes to take with respect thereto.
Notice of Termination Events. As soon as possible and in any event within two (2) days after the knowledge of the occurrence of each Termination Event or event which but for the lapse of time or the giving of notice, or both, would constitute a Termination Event, a statement of the chief financial officer or chief accounting officer of both Pledgors setting forth details of such event and the action which the Pledgors propose to take with respect thereto.
Notice of Termination Events. Neither any Lender Agent nor the Administrative Agent shall be deemed to have knowledge or notice of the occurrence of any Potential Termination Event unless such Agent has received notice from any Lender, Lender Agent or the Borrower stating that a Potential Termination Event has occurred hereunder and describing such Potential Termination Event. In the event that the Administrative Agent receives such a notice, it shall promptly give notice thereof to each Lender Agent whereupon each Lender Agent shall promptly give notice thereof to its Lenders, Enhancement Banks and Liquidity Banks. In the event that a Lender Agent receives such a notice (other than from the Administrative Agent), it shall promptly give notice thereof to the Administrative Agent and each of its affiliated Enhancement Banks and
Notice of Termination Events. 27 Section 8.7. Non-Reliance on Agent and Other Purchasers.........27 Section 8.8. Agent and Affiliates...............................27 Section 8.9. Indemnification....................................27 Section 8.10.
Notice of Termination Events. The Collection Agent shall provide to the Administrative Agent and each Funding Agent, promptly, and in any event within one Business Day after a Responsible Officer of the Collection Agent obtains actual knowledge thereof, notice of any Termination Event or Incipient Termination Event.