Common use of Reporting; Breach Clause in Contracts

Reporting; Breach. If, prior to the delivery of a Compliance Certificate pursuant to Clause 23.3 (Provision and contents of Compliance Certificate), any Obligor becomes aware that the financial covenants set out in this Clause 24 (Financial Covenants) will not be complied with, the Obligors shall immediately notify the Facility Agent thereof.

Appears in 2 contracts

Sources: Senior Secured Term Loan Facility Agreement (Flex LNG Ltd.), Senior Secured Term Loan Facility Agreement (Flex LNG Ltd.)

Reporting; Breach. If, prior to the delivery of a Compliance Certificate pursuant to Clause 23.3 22.3 (Provision and contents of Compliance Certificate), any Obligor the Borrower becomes aware that the financial covenants set out in this Clause 24 23 (Financial Covenants) will not be complied with, the Obligors Borrower shall immediately notify the Facility Agent thereof.

Appears in 1 contract

Sources: Term Loan Facility Agreement (KNOT Offshore Partners LP)