Examples of Pending Event of Default in a sentence
Promptly and, in any event within two (2) Business Days, notify the Lender of any Pending Event of Default or Event of Default that would apply to it or to any Obligor of which it becomes aware of along with the action to be taken by the Obligors to remedy any such Pending Event of Default or Event of Default.
No Pending Event of Default exists and no Event of Default has occurred and is continuing.
Make any loans or advances to an employee of an Obligor other than loans in an aggregate amount not to exceed $10,000 at any time; provided that such loans are used to purchase Equity Interests in such Obligor and, at the time of the loan, no Pending Event of Default exists and no Event of Default has occurred and is continuing.
Upon either Obligor becoming aware of the occurrence of either an Event of Default or Pending Event of Default, Borrower shall promptly deliver to the Lenders a notice specifying the nature and date of occurrence of such Event of Default or Pending Event of Default, the Obligors’ assessment of the duration and effect thereof and the action which the Obligors propose to take with respect thereto.
Promptly notify the Agent of any Event of Default or Pending Event of Default that would apply to it or to any Obligor of which it becomes aware.
The Agent will not be deemed to have knowledge or notice of the occurrence of any Event of Default or Pending Event of Default (other than the non-payment of any principal, interest or other amount to the extent the same is required to be paid to the Agent for the account of the Lenders) unless the Agent has received notice from a Lender or the Borrower specifying such Event of Default or Pending Event of Default and stating that such notice is given pursuant to this Agreement.
If an Event of Default or a Pending Event of Default has occurred and is continuing, the Borrower will pay all reasonable expenses incurred by such representatives in order to visit the Borrower’s premises or attend at its and each other Obligor’s principal office, as applicable, for such purposes.
No Pending Event of Default or Event of Default has occurred hereunder and is continuing.