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

Officer's Knowledge of Default. Upon the President, the chief executive officer, the chief financial officer, the Treasurer or the Vice President for Legal and Regulatory Affairs of the Borrower obtaining knowledge of any Default or Event of Default hereunder or any default under any other obligation of the Borrower or any Subsidiary when the amount of such other obligation or obligations aggregates $250,000 or more, cause such officer or an Authorized Representative to promptly notify the Agent of the nature thereof, the period of existence thereof, and what action the Borrower proposes to take with respect thereto.

Officer's Knowledge of Default. Upon the President, the chief executive officer, the chief financial officer, the Treasurer Chief Financial Officer or the Vice President for Legal and Regulatory Affairs Controller of the Borrower obtaining actual knowledge of any Default or Event of Default hereunder or any default under any other obligation of the Borrower or any Subsidiary when the amount of such other obligation or obligations aggregates $250,000 or moredescribed in Section 9.01(e), cause such officer or an Authorized Representative to promptly notify the Agent of the nature thereof, the period of existence thereof, and what action the Borrower proposes to take with respect thereto.

Officer's Knowledge of Default. Observe all Laws. Upon the President, the chief executive officer, the chief financial officer, the Treasurer Chief Financial Officer or the Vice President for Legal and Regulatory Affairs Controller of the Borrower obtaining actual knowledge of any Default or Event of Default hereunder or any default under any other obligation of the Borrower or any Subsidiary when the amount of such other obligation or obligations aggregates $250,000 or moredescribed in Section 10.01(e), cause such officer or an Authorized Representative to promptly notify the Agent of the nature thereof, the period of existence thereof, and what action the Borrower proposes to take with respect thereto.

Officer's Knowledge of Default. Upon the President, the chief executive officer, the chief financial officer, the Treasurer Chief Financial ------------------------------ Officer or the Vice President for Legal and Regulatory Affairs Controller of the Borrower obtaining actual knowledge of any Default or Event of Default hereunder or any default under any other obligation of the Borrower or any Subsidiary when the amount of such other obligation or obligations aggregates $250,000 or moredescribed in Section 10.01(e), cause such officer or an Authorized Representative to promptly notify the Agent of the nature thereof, the period of existence thereof, and what action the Borrower proposes to take with respect thereto.

Officer's Knowledge of Default. Upon the President, the chief executive officerany Vice ------------------------------ President, the chief financial officer, the Treasurer Chief Financial Officer or the Vice President for Legal and Regulatory Affairs Controller of the Borrower obtaining knowledge of any Default or Event of Default hereunder or any default under any other obligation of the Borrower or any Subsidiary when the amount of such other obligation or obligations aggregates $250,000 or moredescribed in Section ------- 10.01(e), cause such officer or an Authorized Representative to promptly notify -------- the Agent of the nature thereof, the period of existence thereof, and what action the Borrower proposes to take with respect thereto.

Officer's Knowledge of Default. Upon the President, the chief executive officer, the chief financial officer, the Treasurer or the Vice President for Legal and Regulatory Affairs of the Borrower Guarantor obtaining knowledge of any Default or Event of Default hereunder or any default under any other obligation of the Borrower Guarantor or any Subsidiary when where the amount of such other obligation or obligations aggregates $250,000 or more, cause such officer or an Authorized Representative to promptly notify the Agent Bank of the nature thereof, the period of existence thereof, and what action the Borrower Guarantor proposes to take with respect thereto.