Common use of Notification of Event of Default Clause in Contracts

Notification of Event of Default. The Borrower shall promptly inform the Agent of the occurrence of any event which is or may become (with the passage of time, the giving of notice, the making of any determination hereunder or any combination thereof) an Event of Default and, upon receipt of a written request to that effect from the Agent, promptly deliver to the Agent a written confirmation given by a duly authorised officer of the Borrower to the effect that, save as previously notified to the Agent or as notified in such confirmation, no such event has occurred.

Appears in 8 contracts

Samples: Junior Facility Agreement (General Maritime Corp), Senior Facility Agreement (General Maritime Corp), Junior Facility Agreement (General Maritime Corp)

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Notification of Event of Default. The Each Borrower shall promptly inform the Agent of the occurrence of any event which is or may become (with the passage of time, the giving of notice, the making of any determination hereunder or any combination thereof) an Event of Default and, upon receipt of a written request to that effect from the Agent, promptly deliver to the Agent a written confirmation given by a duly authorised officer of the such Borrower to the effect that, save as previously notified to the Agent or as notified in such confirmation, no such event has occurred.

Appears in 2 contracts

Samples: Junior Facility Agreement (General Maritime Corp), Senior Facility Agreement (General Maritime Corp)

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