Notification of Events of Default, etc. On the first Business Day Borrower’s Knowledge of the following events or conditions, Borrowers shall deliver written notice including a certificate signed by the chief executive officer or president of Borrowers specifying the nature and period of existence of such condition or event and what action Borrowers and their Subsidiaries have taken, are taking, and propose to take, with respect thereto: (1) any condition, circumstance or event that constitutes an Event of Default or Default; (2) any default or breach by any Borrower or Subsidiary of the performance, observance or fulfillment of any of the obligations, duties, covenants or conditions contained in any contractual obligation of any such Borrower or Subsidiary, or the occurrence of any condition or event that would allow the other party to any such contractual obligations to terminate or cancel such contract, or the receipt by any Borrower or any Subsidiary of any notice from any such counterpart under any such contractual obligation claiming that any such default or material condition or event has occurred, in any such case with respect to any contract of such Borrower or Subsidiary the termination or cancellation of which, or non-renewal of which on substantially similar terms, is reasonably likely to have a Material Adverse Effect; (3) any condition, circumstance or event which has had or is reasonably likely to have a Material Adverse Effect; (4) the resignation or termination of Xxxx Xxxxxxxx or if he shall leave his office for whatever reason or ceases to exercise the rights and duties of such office; or (5) the resignation or termination of the chief financial officer or the controller of Borrowers (or any officer(s) or employee(s) of Borrowers performing the duties and functions commonly performed by a chief financial officer and a controller) or the head(s) of operations and sales of Borrowers, or if any such person shall leave his or her office for whatever reason or ceases to exercise the rights and duties of such office. With respect to the foregoing clauses (4) and (5), in addition to giving written notice as provided for above, Borrowers shall also provide notice to Agent via e-mail and telephone to one of the managing partners of Agent of such occurrence by the end of the first Business Day after Borrower’s Knowledge of any such event described in clauses (4) and (5).
Notification of Events of Default, etc it will promptly notify the Trustee and the Security Trustee if it becomes aware of the occurrence of an Event of Default, a Potential Event of Default, a Servicer Default, a Perfection of Title Event, a Trustee Default, a Manager Default or a Potential Termination Event and provide the Trustee and the Security Trustee with details of such occurrence. -------------------------------------------------------------------------------- 7. Events of Default Each of the following events is an Event of Default whether or not caused by any reason whatsoever outside the control of any Interested Person or any other person:
Notification of Events of Default, etc. By the end of the fourth (4th) Business Day following the day any officer of the Company or any of its Subsidiaries obtains knowledge of any of the following events or conditions, a written notice, including a certificate signed by the chief executive officer or president of the Company or such Subsidiary, specifying the nature and period of existence of such condition or event and what action the Company or such Subsidiary, as applicable, has taken, is taking, and proposes to take, with respect thereto:
Notification of Events of Default, etc. The Issuer and the Co-obligor will notify the Trustee of the occurrence of any Event of Default or Potential Event of Default promptly upon becoming aware of it and the Issuer and the Co-obligor shall deliver to the Trustee, (a) with each document delivered by it under Condition 3(h) (Reporting Covenants), and (b) seven business days after any request therefor made by the Trustee from time to time, a certificate signed by the Chairman or Deputy Chairman of the Board of Directors of the Issuer and signed by two members of the Executive Council of the Co-obligor confirming that, having made all reasonable enquiries, to the best of the knowledge, information and belief of the Issuer and (if applicable) except as previously waived by the Trustee or by Extraordinary Resolution of the Bondholders or where the provisions of Condition 4 (Covenant Defeasance) have become applicable, no Potential Event of Default or Event of Default has occurred since the date of the last such certificate or, in the case of the first such certificate, since the date of the Trust Deed, or (as the case may be) setting out details of any such Potential Event of Default or Event of Default which has occurred and of which the Issuer or the Co-obligor is aware having made all reasonable enquiries, and of any action taken or proposed to be taken to remedy the same.
Notification of Events of Default, etc. (i) Promptly, but in no event later than the fifth Business Day following the day any officer of the Company or the Guarantor obtains knowledge of any of the following events or conditions, a written notice, including a certificate signed by the chief executive officer or president of the Company or the Guarantor, specifying the nature and period of existence of such condition or event and what action the Company or the Guarantor, as applicable, has taken, is taking, and proposes to take, with respect thereto:
