Secured Debt Default. The Collateral Agent will not be required to inquire as to the occurrence or absence of any Secured Debt Default and will not be affected by or required to act upon any notice or knowledge as to the occurrence of any Secured Debt Default unless and until it is directed by an Act of Required Secured Parties.
Appears in 7 contracts
Samples: Intercreditor Agreement (Alion Science & Technology Corp), Intercreditor Agreement (Alion Science & Technology Corp), Intercreditor Agreement (Diamond Offshore Drilling, Inc.)
Secured Debt Default. The Collateral Agent will not be required to inquire as to the occurrence or absence of any Secured Debt Default and will not be affected by or required to act upon any notice or knowledge as to the occurrence of any Secured Debt Default unless and until it is directed by an Act receives a Notice of Required Secured PartiesActionable Default.
Appears in 4 contracts
Samples: Collateral Trust Agreement (Banro Corp), Collateral Trust Agreement (ICO Global Communications (Holdings) LTD), Collateral Trust Agreement (Banro Corp)
Secured Debt Default. The Collateral Agent will not be required to inquire as to the occurrence or absence of any Secured Debt Default and will not be affected by or required to act upon any notice or knowledge as to the occurrence of any Secured Debt Default unless and until it is directed by an Act of Required Secured PartiesDebtholders.
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Secured Debt Default. The Collateral Agent will not be required to inquire as to the occurrence or absence of any Secured Debt Default default and will not be affected by or required to act upon any notice or knowledge as to the occurrence of any Secured Debt Default default unless and until it is directed by an Act of Required Secured Partiesa Securityholder Instruction.
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