Common use of Officer's Knowledge of Default Clause in Contracts

Officer's Knowledge of Default. Upon any Executive Officer of the Borrower obtaining knowledge of any Default or Event of Default hereunder or under any other obligation of the Borrower or any Subsidiary to any Lender, or any event, development or occurrence which could reasonably be expected to have a Material Adverse Effect, cause such officer or an Authorized Representative to promptly notify the Administrative Agent of the nature thereof, the period of existence thereof, and what action the Borrower or any Subsidiary proposes to take with respect thereto.

Appears in 5 contracts

Samples: Credit Agreement (Autonation, Inc.), Credit Agreement (Autonation, Inc.), Credit Agreement (Autonation, Inc.)

AutoNDA by SimpleDocs

Officer's Knowledge of Default. Upon any Executive Officer officer of the Borrower obtaining knowledge of any Default or Event of Default hereunder or under any other obligation of the Borrower or any Subsidiary to any Lender, or any event, development or occurrence which could is reasonably be expected to have a Material Adverse Effect, cause such officer or an Authorized Representative to promptly notify the Administrative Agent of the nature thereof, the period of existence thereof, and what action the Borrower or any such Subsidiary proposes to take with respect thereto.

Appears in 3 contracts

Samples: Credit Agreement (Aircastle LTD), Credit Agreement (Aircastle LTD), Credit Agreement (Aircastle LTD)

Officer's Knowledge of Default. Upon any Executive Senior Officer of the Borrower obtaining knowledge of (a) the occurrence of any Default or Event of Default hereunder or under any other obligation of the Borrower or any Subsidiary to any Lender, or (b) any event, development or occurrence which could reasonably be expected to have a Material Adverse Effect, cause such officer or an Authorized Representative to promptly notify the Administrative Agent of the nature thereof, the period of existence thereof, and what action the Borrower or any Subsidiary proposes to take with respect thereto.

Appears in 3 contracts

Samples: Credit Agreement (Autonation, Inc.), Credit Agreement (Autonation, Inc.), Letter Agreement (Autonation, Inc.)

Officer's Knowledge of Default. Upon any Executive Officer senior officer of the any Borrower obtaining knowledge of any Default or Event of Default hereunder or under any other obligation of the Borrower or any Subsidiary Borrowers to any Lender, or any event, development or occurrence which could reasonably be expected to have a Material Adverse Effect, cause such officer or an Authorized Representative promptly to promptly notify the Administrative Agent of the nature thereof, the period of existence thereof, and what action the Borrower or any Subsidiary proposes Borrowers propose to take with respect thereto.

Appears in 3 contracts

Samples: Credit Agreement (Giant Cement Holding Inc), Security Agreement (Giant Cement Holding Inc), Credit Agreement (Giant Cement Holding Inc)

Officer's Knowledge of Default. Upon any Executive Officer officer of the Borrower obtaining knowledge of any Default or Event of Default hereunder or under any other obligation of the Borrower or any Subsidiary to any Lender, or any event, development or occurrence which could is reasonably be expected to have a Material Adverse Effect, cause such officer or an Authorized Representative to promptly notify the Administrative Agent of the nature thereof, the period of existence thereof, and what action the Borrower or any such Subsidiary proposes to take with respect thereto. 8.11.

Appears in 2 contracts

Samples: Credit Agreement (Aircastle LTD), Credit Agreement (Aircastle LTD)

Officer's Knowledge of Default. Upon any Executive Officer executive officer of the Borrower obtaining knowledge of any Default or Event of Default hereunder or under any other obligation of the Borrower or any Subsidiary or other Credit Party to any Lender, or any event, development or occurrence which could reasonably be expected to have a Material Adverse Effect, cause such executive officer or an Authorized Representative to promptly notify the Administrative Agent of the nature thereof, the period of existence thereof, and what action the Borrower or any such Subsidiary or other Credit Party proposes to take with respect thereto.

Appears in 2 contracts

Samples: Credit Agreement (P F Changs China Bistro Inc), Credit Agreement (P F Changs China Bistro Inc)

Officer's Knowledge of Default. Upon any Executive Officer of the Borrower obtaining knowledge of (a) any Default or Event of Default hereunder or under any other obligation of the Borrower or any Subsidiary to any Lender, or (b) any event, development or occurrence which could reasonably be expected to have a Material Adverse Effect, cause such officer or an Authorized Representative to promptly notify the Administrative Agent of the nature thereof, the period of existence thereof, and what action the Borrower or any Subsidiary proposes to take with respect thereto.

Appears in 2 contracts

Samples: Credit Agreement (Autonation, Inc.), Credit Agreement (Autonation, Inc.)

Officer's Knowledge of Default. Upon any Executive Officer officer of the Borrower obtaining knowledge of any Default or Event of Default hereunder or under any other obligation of the Borrower or any Subsidiary of its Subsidiaries to any Lender, or any event, development or occurrence which could reasonably be expected to have a Material Adverse Effect, cause such officer or an Authorized Representative to promptly notify the Administrative Agent of the nature thereof, the period of existence thereof, and what action the Borrower or any such Subsidiary proposes to take with respect thereto.

Appears in 2 contracts

Samples: Credit Agreement (Windmere Durable Holdings Inc), Guaranty Agreement (Windmere Durable Holdings Inc)

Officer's Knowledge of Default. Upon any Executive Officer of the Borrower obtaining knowledge of the occurrence of any Default or Event of Default hereunder or under any other obligation of the Borrower or any Subsidiary or other Credit Party to any Lender, or any event, development or occurrence which could reasonably be expected to have a Material Adverse Effect, cause such officer or an Authorized Representative promptly to promptly notify the Administrative Agent of the nature thereof, the period of existence thereof, and what action the Borrower or any such Subsidiary or other Credit Party proposes to take with respect thereto.

Appears in 2 contracts

Samples: Credit Agreement (Headway Corporate Resources Inc), Credit Agreement (Headway Corporate Resources Inc)

Officer's Knowledge of Default. Upon any Executive Officer officer of the Borrower obtaining knowledge of any Default or Event of Default hereunder or under any other obligation of the Borrower or any Subsidiary to any Lender, or any event, development or occurrence which could reasonably be expected to have a Material Adverse Effect, cause such officer or an Authorized Representative to promptly notify the Administrative Agent of the nature thereof, the period of existence thereof, and what action the Borrower or any Subsidiary proposes to take with respect thereto.Authorized

Appears in 1 contract

Samples: Credit Agreement (Wackenhut Corrections Corp)

Officer's Knowledge of Default. Upon any Executive Officer of the Borrower obtaining knowledge of any Default or Event of Default hereunder or under any other obligation of the Borrower or any Subsidiary to any Lender, or (a) any event, development or occurrence which could reasonably be expected to have a Material Adverse Effect, or (b) any Default or Event of Default hereunder or under any other obligation of any Borrower or any Subsidiary or other Credit Party to any Lender, cause such officer or an Authorized Representative to promptly notify the Administrative Agent of the nature thereof, the period of existence thereof, and what action the such Borrower or any such Subsidiary or other Credit Party proposes to take with respect thereto.

Appears in 1 contract

Samples: Credit Agreement (Stewart Enterprises Inc)

Officer's Knowledge of Default. Upon any Executive Officer of the Borrower Authorized Representative obtaining knowledge of any Default or Event of Default hereunder or any default under any other material obligation of the Parent, the Borrower or any Subsidiary to any LenderSubsidiary, or any event, development or occurrence which could reasonably be expected to would have a Material Adverse Effect, cause such officer or an Authorized Representative to promptly notify deliver to the Administrative Agent of the nature written notice thereof, the period of existence thereof, and what action the Borrower or any Subsidiary proposes to take with respect thereto.

Appears in 1 contract

Samples: Credit Agreement (Gtech Holdings Corp)

Officer's Knowledge of Default. Upon any Executive Officer officer of the Borrower or the Parent obtaining knowledge of any Default or Event of Default hereunder or under any other obligation of the Borrower Borrower, the Parent or any Subsidiary of their Subsidiaries to any Lender, or any event, development or occurrence which could reasonably be expected to have a Material Adverse Effect, cause such officer or an Authorized Representative to promptly notify the Administrative Agent of the nature thereof, the period of existence thereof, and what action the Borrower Borrower, the Parent or any such Subsidiary proposes to take with respect thereto.

Appears in 1 contract

Samples: Credit Agreement (Windmere Durable Holdings Inc)

Officer's Knowledge of Default. Upon any Executive Officer officer of the Borrower obtaining knowledge of any Default or Event of Default hereunder or under any other obligation of the Borrower or any Subsidiary to any Lender, or any event, development or occurrence which could reasonably be expected to have a Material Adverse Effect, cause such officer or an Authorized Representative to promptly notify the Administrative Agent of the nature thereof, the period of existence thereof, and what action the Borrower or any such Subsidiary or other Credit Party proposes to take with respect thereto.;

Appears in 1 contract

Samples: Credit Agreement (Saratoga Beverage Group Inc)

Officer's Knowledge of Default. Upon any Executive Officer officer of the Borrower obtaining knowledge of any Default or Event of Default hereunder or under any other obligation of the Borrower or any Subsidiary to any Lender, or any event, development or occurrence which could reasonably be expected to have a Material Adverse EffectSubsidiary, cause such officer or an Authorized Representative to promptly notify the Administrative Agent of the nature thereof, the period of existence thereof, and what action the Borrower or any Subsidiary proposes to take with respect thereto.

Appears in 1 contract

Samples: Credit and Reimbursement Agreement (Capstone Capital Corp)

Officer's Knowledge of Default. Upon any Executive Officer officer of the Borrower obtaining knowledge of any Default or Event of Default hereunder or under any other obligation of the Borrower or any Subsidiary or other Credit Party to any Lender, or any event, development or occurrence which could reasonably be expected to have a Material Adverse Effect, cause such officer or an Authorized Representative to promptly notify the Administrative Agent of the nature thereof, the period of existence thereof, and what action the Borrower or any such Subsidiary or other Credit Party proposes to take with respect thereto.

Appears in 1 contract

Samples: Credit Agreement (Sykes Healthplan Services Inc)

Officer's Knowledge of Default. Upon any Executive Officer officer of the Borrower obtaining knowledge of any Default or Event of Default hereunder or under any other obligation of the Borrower or any Subsidiary to any Lenderhereunder, or any event, development or occurrence which could reasonably be expected to have a Material Adverse Effect, cause such officer or an Authorized Representative to promptly notify the Administrative Agent of the nature thereof, the period of existence thereof, and what action the Borrower or any such Subsidiary or other Loan Party proposes to take with respect thereto.;

Appears in 1 contract

Samples: Credit Agreement (Unicapital Corp)

AutoNDA by SimpleDocs

Officer's Knowledge of Default. Upon any Executive Officer officer of the Borrower ------------------------------ obtaining knowledge of any Default or Event of Default hereunder or under any other obligation of the Borrower or any Subsidiary to any Lender, or any event, development or occurrence which could reasonably be expected to have a Material Adverse Effect, cause such officer or an Authorized Representative to promptly notify the Administrative Agent of the nature thereof, the period of existence thereof, and what action the Borrower or any such Subsidiary proposes to take with respect thereto.;

Appears in 1 contract

Samples: Credit Agreement (Roper Industries Inc /De/)

Officer's Knowledge of Default. Upon any Executive Officer officer of the any Borrower obtaining knowledge of any Default or Event of Default hereunder or under any other obligation of the Borrower or any Borrower, any Subsidiary to the Agent or any Lender, or any event, development or occurrence which could reasonably be expected to have a Material Adverse Effect, cause such officer or an Authorized Representative to promptly notify the Administrative Agent of the nature thereof, the period of existence thereof, and what action the such Borrower or any such Subsidiary proposes to take with respect thereto.;

Appears in 1 contract

Samples: Term Loan Agreement (River Oaks Furniture Inc)

Officer's Knowledge of Default. Upon any Executive Officer officer of the Parent or the Borrower obtaining knowledge of any Default or Event of Default hereunder or under any other obligation of the Parent, the Borrower or any Subsidiary to any Lender, or any event, development or occurrence which could reasonably be expected to have a Material Adverse Effect, cause such officer or an Authorized Representative to promptly notify the Administrative Agent of the nature thereof, the period of existence thereof, and what action the Parent, the Borrower or any such Subsidiary proposes to take with respect thereto.

Appears in 1 contract

Samples: Credit Agreement (Gerald Stevens Inc/)

Officer's Knowledge of Default. Upon any Executive Officer officer of the Borrower obtaining knowledge of any Default or Event of Default hereunder or under any other obligation of the Borrower or any Subsidiary to any Lender, or any event, development or occurrence which could reasonably be expected to have a Material Adverse Effect, cause such officer or an Authorized Representative to promptly notify the Administrative Agent of the nature thereof, the period of existence thereof, and what action the Borrower or any Subsidiary proposes to take with respect thereto.could

Appears in 1 contract

Samples: Credit Agreement (Wackenhut Corrections Corp)

Officer's Knowledge of Default. Upon any Executive Officer officer of the Borrower obtaining knowledge of any Default or Event of Default hereunder or under any other obligation of the Borrower or any Subsidiary to any Lender, or any event, development or occurrence which could reasonably be expected to have a Material Adverse Effect, cause such officer or an Authorized Representative to promptly notify the Administrative Agent of the nature thereof, the period of existence thereof, and what action the Borrower or any such Subsidiary proposes to take with respect thereto.;

Appears in 1 contract

Samples: Credit Agreement (Delta Beverage Group Inc)

Officer's Knowledge of Default. Upon any Executive Officer of the Borrower Authorized Representative obtaining knowledge of any Default or Event of Default hereunder or any default under any other material obligation of the Parent, the Borrower or any Subsidiary to any LenderSubsidiary, or any event, development or occurrence which could reasonably be expected to would have a Material Adverse Effect, cause such officer or an Authorized Representative to promptly notify deliver to the Administrative Agent of the nature written notice thereof, the period of existence thereof, and what action the Borrower or any Subsidiary proposes to take with respect thereto.

Appears in 1 contract

Samples: Credit Agreement (Gtech Holdings Corp)

Officer's Knowledge of Default. Upon any Executive Officer officer of the Borrower obtaining knowledge of any Default or Event of Default hereunder or under any other obligation of the Borrower or any Subsidiary to any Lender, or any event, development or occurrence which could reasonably be expected to have a Material Adverse Effect, cause such officer or an Authorized Representative to promptly notify the Administrative Agent of the nature thereof, the period of existence thereof, and what action the Borrower or any such Subsidiary proposes to take with respect thereto.

Appears in 1 contract

Samples: Credit Agreement (Kellwood Co)

Officer's Knowledge of Default. Upon any Executive Officer Authorized Representative of the Borrower obtaining knowledge of any Default or Event of Default hereunder or under any other obligation of the Borrower or any Subsidiary to any Lender, or any event, development or occurrence which could reasonably be expected to have a Material Adverse Effect, cause such officer or an Authorized Representative to promptly notify the Administrative Agent of the nature thereof, the period of existence thereof, and advise the Agent within three (3) Business Days what action the Borrower or any such Subsidiary proposes to take with respect thereto.. 69

Appears in 1 contract

Samples: Credit Agreement (Catalina Marketing Corp/De)

Officer's Knowledge of Default. Upon any Executive Officer of the Borrower obtaining knowledge of any Default or Event of Default hereunder or under any other obligation of the Borrower or any Subsidiary to any Lender, or any event, development or occurrence which could reasonably be expected to have a Material Adverse Effect, cause such officer or an Authorized Representative to promptly notify the Administrative Agent of the nature thereof, the period of existence thereof, and what action the Borrower or any such Subsidiary proposes to take with respect thereto.

Appears in 1 contract

Samples: Credit Agreement (Sensormatic Electronics Corp)

Officer's Knowledge of Default. Upon any Executive Officer Authorized Representative of the Borrower obtaining knowledge of any Default or Event of Default hereunder or under any other obligation of the Borrower or any Subsidiary to any Lender, or any event, development or occurrence which could reasonably be expected to have a Material Adverse Effect, cause such officer or an Authorized Representative to promptly notify the Administrative Agent of the nature thereof, the period of existence thereof, and advise the Agent within three (3) Business Days what action the Borrower or any such Subsidiary proposes to take with respect thereto.

Appears in 1 contract

Samples: Credit Agreement (Lincare Holdings Inc)

Officer's Knowledge of Default. Upon any Executive Officer officer of the Borrower obtaining knowledge of any Default or Event of Default hereunder or under any other obligation of the Borrower or any Subsidiary to any Lender, or any event, development or occurrence which could reasonably be expected to have a Material Adverse Effect, cause such officer or an Authorized Representative to promptly notify the Administrative Agent of the nature thereof, the period of existence thereof, and what action the Borrower or any such Subsidiary proposes to take with respect thereto.

Appears in 1 contract

Samples: Credit Agreement (Wackenhut Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.