NOTICES, DEFAULT, ETC. In the event that Agent shall have acquired actual knowledge of any Default or Event of Default, Agent shall promptly notify the Lenders and shall take such action and assert such rights under this Agreement as the Required Lenders shall direct and Agent shall inform the other Lenders in writing of the action taken. Agent may take such action and assert such rights as it deems to be advisable, in its discretion, for the protection of the interests of the holders of the Notes.
Appears in 5 contracts
Samples: Credit and Security Agreement (Ultralife Corp), Credit and Security Agreement, Credit and Security Agreement (Ultralife Corp)
NOTICES, DEFAULT, ETC. In the event that Agent shall have acquired actual knowledge of any Unmatured Event of Default or Event of Default, Agent shall promptly notify the Lenders Banks and shall take such action and assert such rights under this Agreement as the Required Lenders Banks shall direct and Agent shall inform the other Lenders Banks in writing of the action taken. Agent may take such action and assert such rights as it deems to be advisable, in its discretion, for the protection of the interests of the holders of the Notes.
Appears in 3 contracts
Samples: Assignment and Acceptance Agreement (Advanced Lighting Technologies Inc), Export Credit Agreement (Advanced Lighting Technologies Inc), Assignment and Acceptance Agreement (Steris Corp)
NOTICES, DEFAULT, ETC. In the event that Agent Agents shall have acquired actual knowledge of any Unmatured Event of Default or Event of Default, Agent Agents shall promptly notify the Lenders Banks and shall take such action and assert such rights under this Agreement as the Required Lenders Majority Banks shall direct and Agent Agents shall inform the other Lenders Banks in writing of the action taken. Agent Agents may take such action and assert such rights as it deems to be advisable, in its discretion, for the protection of the interests of the holders of the Notes.
Appears in 2 contracts
Samples: Credit Agreement (Park Ohio Industries Inc/Oh), Credit Agreement (Park Ohio Holdings Corp)
NOTICES, DEFAULT, ETC. In the event that Agent shall have acquired actual knowledge of any Default or Event of Default, Agent shall promptly notify the Lenders Banks and shall take such action and assert such rights under this Agreement as the Required Lenders Banks shall direct and Agent shall inform the other Lenders Banks in writing of the action taken. Agent may take such action and assert such rights as it deems to be advisable, in its discretion, for the protection of the interests of the holders of the Notes.. SECTION 9.9
Appears in 1 contract
NOTICES, DEFAULT, ETC. In the event that Agent shall have acquired actual knowledge of any Default or Unmatured Event of Default, Agent shall promptly notify the Lenders Banks and shall take such action and assert such rights under this Agreement as the Required Lenders Majority Banks shall direct and Agent shall inform the other Lenders Banks in writing of the action taken. Agent may take such action and assert such rights as it deems to be advisable, in its discretion, for the protection of the 41 42 interests of the holders of the Notes.
Appears in 1 contract
Samples: Standard Products Co
