Notification of Event of Default. The Facility Agent hereby undertakes to promptly notify the Lenders, and the Lenders hereby promptly undertake to notify the Facility Agent and the other Lenders, of the existence of any Event of Default which shall have occurred and be continuing of which such party has actual knowledge.
Appears in 11 contracts
Samples: Agreement (International Shipholding Corp), Credit Agreement (International Shipholding Corp), Agreement (International Shipholding Corp)
Notification of Event of Default. The Facility Agent hereby undertakes promptly to promptly notify the Lenders, and each of the Lenders hereby undertakes promptly undertake to notify the Facility Agent and the other Lenders, of the existence of any Event of Default which shall have occurred and be continuing of which the Facility Agent or such party Lender has actual knowledge.
Appears in 3 contracts
Samples: Assignment and Assumption Agreement (Seacor Holdings Inc /New/), Credit Facility Agreement (OSG America L.P.), Senior Secured Revolving Credit Facility Agreement (OSG America L.P.)
Notification of Event of Default. The Facility Agent hereby undertakes to promptly notify the Lenders, and the Lenders hereby promptly undertake to notify the Facility Agent and the other Lenders, of the existence of any Event of Default which shall have occurred and be continuing of which such party the Facility Agent or Lender has actual knowledge.
Appears in 2 contracts
Samples: Restatement of Loan Agreement (Gulfmark Offshore Inc), Secured Credit Facility Agreement (Teekay Shipping Corp)
Notification of Event of Default. The Facility Agent hereby undertakes to promptly notify the Lenders, and the Lenders each Lender hereby promptly undertake undertakes to notify the Facility Agent and the other Lenders, of the existence of any Event of Default which shall have occurred and be continuing of which such party the Facility Agent or any Lender has actual knowledge.
Appears in 1 contract
