Common use of Default Notices Clause in Contracts

Default Notices. To Agent and Lenders, as soon as practicable, and in any event within five (5) Business Days after an executive officer of any Borrower has actual knowledge of the existence of any Default, Event of Default or other event that has had a Material Adverse Effect, telephonic or telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.

Appears in 17 contracts

Samples: Credit Agreement (Sothebys), Credit Agreement (Northland Cable Properties Seven Limited Partnership), Credit Agreement (Standard Motor Products Inc)

AutoNDA by SimpleDocs

Default Notices. To Agent and Lenders, as soon as practicable, and in any event within five (5) Business Days after an executive officer of any Borrower has actual knowledge of the existence of any Default, Event of Default or other event that has had a Material Adverse Effect, telephonic or telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.

Appears in 16 contracts

Samples: Credit Agreement, Credit Agreement (Otelco Inc.), Credit Agreement (Roller Bearing Co of America Inc)

Default Notices. To Agent and Lenders, as soon as practicable, and in any event within five (5) 5 Business Days after an executive officer of any Borrower has actual knowledge of the existence of any Default, Event of Default or other event that has had a Material Adverse Effect, telephonic or telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.

Appears in 14 contracts

Samples: Credit Agreement (Carlisle Holdings LTD), Credit Agreement (Odyssey Healthcare Inc), Credit Agreement (Amedisys Inc)

Default Notices. To Agent and Lenders, as soon as practicable, and in any event within five (5) 5 Business Days after an executive officer of any Borrower has actual knowledge of the existence of any Default, Event of Default or other event that has had a Material Adverse Effect, telephonic or telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.

Appears in 11 contracts

Samples: Credit Agreement (Measurement Specialties Inc), Credit Agreement (Butler International Inc /Md/), Credit Agreement (Pioneer Drilling Co)

Default Notices. To Agent and Lenders, as soon as practicable, and in any event within five (5) Business Days after an executive officer a Financial Officer of any Borrower has actual knowledge of the existence of any Default, or Event of Default or other event that has had a Material Adverse EffectDefault, telephonic or telecopied fax or electronic notice specifying the nature of such Default or Event of Default or other eventDefault, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.

Appears in 10 contracts

Samples: Revolving Loan Credit Agreement (XPO, Inc.), Revolving Loan Credit Agreement (XPO Logistics, Inc.), Assignment Agreement (XPO Logistics, Inc.)

Default Notices. To Agent and Lenders, as soon as practicable, and in any event within five (5) Business Days after an executive officer of any Borrower has actual knowledge of the existence of any Default, Event of Default or other event that which has had a Material Adverse Effect, telephonic or telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.;

Appears in 10 contracts

Samples: Credit Agreement (Wilsons the Leather Experts Inc), Credit Agreement (Baldwin Piano & Organ Co /De/), Assignment Agreement (Wilsons the Leather Experts Inc)

Default Notices. To Agent and Lenders, as soon as practicable, and in any event within five (5) Business Days after an executive officer of any Borrower Credit Party has actual knowledge of the existence of any Default, Event of Default or other event that has had a Material Adverse Effect, telephonic or telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.

Appears in 9 contracts

Samples: Credit Agreement (H&E Equipment Services, Inc.), Credit Agreement (H&E Equipment Services, Inc.), Credit Agreement (H&E Equipment Services, Inc.)

Default Notices. To Agent and Lenders, as soon as practicable, and in any event within five (5) Business Days after an executive officer of any a Borrower has actual knowledge of the existence of any Default, Event of Default or other event that which has had a Material Adverse Effect, telephonic or telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.

Appears in 8 contracts

Samples: Credit Agreement (Rand Logistics, Inc.), Credit Agreement (Rand Logistics, Inc.), Credit Agreement (Rand Logistics, Inc.)

Default Notices. To Agent and LendersAgent, as soon as practicable, and in any event within five (5) 5 Business Days after an executive officer of any Borrower has actual knowledge of the existence of any Default, Event of Default or other event that has had a Material Adverse EffectEffect (in each case not previously disclosed to Agent), telephonic or telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.

Appears in 6 contracts

Samples: Credit Agreement (Universal Hospital Services Inc), Credit Agreement (Universal Hospital Services Inc), Credit Agreement (Universal Hospital Services Inc)

Default Notices. To Agent and Lenders, as soon as practicable, and in any event within five (5) Business Days after an executive officer a Financial Officer of any Borrower has actual knowledge of the existence of any Default, or Event of Default or other event that has had a Material Adverse EffectDefault, telephonic or telecopied fax or electronic notice specifying the nature of such Default or Event of Default or other eventDefault, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.

Appears in 6 contracts

Samples: Credit Agreement (Forward Air Corp), Credit Agreement (XPO, Inc.), Credit Agreement (XPO, Inc.)

Default Notices. To the Administrative Agent and Lenders, as soon as practicable, and in any event within five (5) Business Days after an executive officer of any Borrower has actual knowledge of the existence of any Default, Event of Default or other event that has had a Material Adverse Effect, telephonic or telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.

Appears in 5 contracts

Samples: Credit Agreement (Sothebys), Credit Agreement (Sothebys), Credit Agreement (Frontier Airlines Holdings, Inc.)

Default Notices. To Agent and Lenders, as soon as practicable, and in any event within five (5) Business Days after an executive officer of any Borrower has actual knowledge of the existence of any Default, Event of Default or other event that has had a Material Adverse Effect, telephonic or telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.

Appears in 5 contracts

Samples: Credit Agreement (Thermadyne Holdings Corp /De), Credit Agreement (Thermadyne Holdings Corp /De), Credit Agreement (Thermadyne Holdings Corp /De)

Default Notices. To Agent and Lenders, as soon as practicable, and in any event within five (5) Business Days after an executive officer of any Borrower has actual knowledge of the existence of any Default, Event of Default or other event that which has had a Material Adverse Effect, telephonic or telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.;

Appears in 4 contracts

Samples: Credit Agreement (Verdant Brands Inc), Credit Agreement (Recycling Industries Inc), Credit Agreement (Liposome Co Inc)

Default Notices. To Agent and Lenders, as soon as practicable, and in any event within five (5) 5 Business Days after an executive officer of any Borrower has actual knowledge of the existence of any Default, Event of Default or other event that has had a Material Adverse Effect, telephonic or telecopied notice specifying the nature of such Default default or Event event of Default default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.

Appears in 4 contracts

Samples: Credit Agreement (Navarre Corp /Mn/), Credit Agreement (Navarre Corp /Mn/), Fourth Amended (Navarre Corp /Mn/)

Default Notices. To Agent and Lenders, as soon as practicable, and in any event within five three (53) Business Days after an executive officer of any Borrower has actual knowledge of the existence of any Default, Event of Default or other event that has had a Material Adverse Effect, telephonic or telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.

Appears in 4 contracts

Samples: Credit Agreement (Insteel Industries Inc), Credit Agreement (Insteel Industries Inc), Credit Agreement (Insteel Industries Inc)

Default Notices. To Agent and Lenders, as As soon as practicable, and in any event within five (5) Business Days after an executive officer or manager of any Borrower has actual knowledge of the existence of any Default, Default or any Event of Default or other event that has had a Material Adverse EffectDefault, telephonic or telecopied notice specifying the nature of such Default or Event of Default or other eventDefault, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.

Appears in 3 contracts

Samples: Loan Agreement, Loan Agreement (Xerox Corp), Loan Agreement (Xerox Corp)

Default Notices. To Agent Co-Agents and Lenders, as soon as practicable, and in any event within five (5) Business Days after an executive officer of any Borrower has actual knowledge of the existence of any Default, Event of Default or other event that has had a Material Adverse Effect, telephonic or telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.

Appears in 3 contracts

Samples: Credit Agreement (Western Digital Corp), Credit Agreement (Western Digital Corp), Credit Agreement (Western Digital Corp)

Default Notices. To Agent and Lenders, as soon as practicable, and in any event within five (5) 5 Business Days after an executive officer of any Borrower Credit Party has actual knowledge of the existence of any Default, Event of Default or other event that has had a Material Adverse Effect, telephonic or telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.

Appears in 3 contracts

Samples: Credit Agreement (Inverness Medical Innovations Inc), Credit Agreement (Inverness Medical Innovations Inc), Credit Agreement (Inverness Medical Innovations Inc)

Default Notices. To Agent and Lenders, as soon as practicable, and in any event within five (5) 5 Business Days after an executive officer of Parent or any Borrower has actual knowledge of the existence of any Default, Event of Default or other event that has had a Material Adverse Effect, telephonic or telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.

Appears in 3 contracts

Samples: Credit Agreement (Ddi Corp), Credit Agreement (Ddi Corp), Credit Agreement (Ddi Corp)

Default Notices. To Agent and Lenders, as As soon as practicable, and in any event within five (5) Business Days after an executive officer of any Borrower has actual knowledge of the existence of any Default, Event of Default or other event that which has had a Material Adverse Effect, telephonic or telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.;

Appears in 3 contracts

Samples: Credit Agreement (Solo Cup CO), Credit Agreement (Sweetheart Holdings Inc \De\), Credit Agreement (Key Tronic Corp)

Default Notices. To Agent and Lenders, as soon as practicable, and in any event within five (5) Business Days after an executive officer of any Borrower has actual knowledge of the existence of any Default, Event of Default or other event that has had a Material Adverse Effect, telephonic or telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, ; which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.

Appears in 2 contracts

Samples: Credit Agreement (Caraustar Industries Inc), Credit Agreement (Caraustar Industries Inc)

Default Notices. To Agent and LendersLender, as soon as practicable, and in any event within five (5) Business Days after an executive officer of any Borrower the Debtor has actual knowledge of the existence of any Default, Event of Default or other event that has had a Material Adverse Effect, telephonic or telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.

Appears in 2 contracts

Samples: Credit Agreement (First Capital Real Estate Trust Inc), Credit Agreement

Default Notices. To Administrative Agent and Lenders, as soon as practicable, and in any event within five (5) Business Days after an executive officer of any U.S. Borrower has actual knowledge of the existence of any Default, Event of Default or other event that has had a Material Adverse Effect, telephonic or telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.

Appears in 2 contracts

Samples: Credit Agreement (SITEL Worldwide Corp), Credit Agreement (Catalog Resources, Inc.)

Default Notices. To Agent and for distribution to the Lenders, as soon as practicable, and in any event within five (5) 5 Business Days after an executive officer of any Borrower has actual knowledge of the existence of any Default, Event of Default or other event that has had a Material Adverse Effect, telephonic or telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.

Appears in 2 contracts

Samples: Credit Agreement (Wesco International Inc), Credit Agreement (Wesco International Inc)

Default Notices. To Agent and Lenders, as soon as practicable, and in any event within five (5) Business Days after an executive officer a Financial Officer of any Borrower has actual knowledge of the existence of any Default, Event of Default or other event that has had a Material Adverse Effect, telephonic or telecopied or electronic notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.

Appears in 2 contracts

Samples: Revolving Loan Credit Agreement (Visteon Corp), Revolving Loan Credit Agreement (Visteon Corp)

Default Notices. To Agent and for distribution to the Lenders, as soon as practicable, and in any event within five (5) Business Days after an executive officer of any Borrower has actual knowledge of the existence of any Default, Event of Default or other event that has had a Material Adverse Effect, telephonic or telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.

Appears in 2 contracts

Samples: Credit Agreement (RBC Bearings INC), Credit Agreement (RBC Bearings INC)

Default Notices. To Agent and Lenders, as As soon as practicable, and in any event within five (5) Business Days after an executive officer of any Borrower has actual knowledge of the existence of any Default, Event of Default or other event that which has had a Material Adverse Effect, telephonic or telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.;

Appears in 2 contracts

Samples: Credit Agreement (Precision Partners Inc), Credit and Security Agreement (Unapix Entertainment Inc)

Default Notices. To Agent and Lenders, as soon as practicable, --------------- and in any event within five (5) Business Days after an executive officer of any Borrower has actual knowledge of the existence of any Default, Event of Default or other event that has had a Material Adverse Effect, telephonic or telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.

Appears in 2 contracts

Samples: Credit Agreement (Icon Health & Fitness Inc), Credit Agreement (Icon Health & Fitness Inc)

Default Notices. To Agent and Lenders, as As soon as practicable, and in any event within five (5) Business Days after an executive officer of any Borrower has actual knowledge of the existence of any Default, Event of Default or other event that which has had a Material Adverse Effect, telephonic or telecopied telecopies notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.;

Appears in 2 contracts

Samples: Convertible Note Agreement (Sunrise Capital Partners Lp), Convertible Note Agreement (Wpi Group Inc)

Default Notices. To Agent and LendersAgent, as soon as practicable, and in any event within five (5) Business Days after an executive officer of any Borrower has actual knowledge of the existence of any Default, Event of Default or other event that has had a Material Adverse Effect, telephonic or telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.

Appears in 2 contracts

Samples: Credit Agreement (Huttig Building Products Inc), Credit Agreement (Huttig Building Products Inc)

Default Notices. To Agent and Lenders, as soon as practicable, and in any event within five (5) 5 Business Days after an executive officer of any Borrower has actual knowledge of the existence of any Default, Default or Event of Default or other event that has had a Material Adverse EffectDefault, telephonic or telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.

Appears in 2 contracts

Samples: Credit Agreement (Blount International Inc), Credit Agreement (Blount International Inc)

Default Notices. To Agent and LendersAgents, as soon as practicable, and in any event within five (5) Business Days after an executive officer of any Borrower has actual knowledge of the existence of any Default, Event of Default or other event that which has had a Material Adverse Effect, telephonic or telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.;

Appears in 2 contracts

Samples: In Possession Credit Agreement (Filenes Basement Corp), Credit Agreement (Filenes Basement Corp)

Default Notices. To Agent and Lenders, as soon as practicable, and in any event within five (5) Business Days after an the chief executive officer or chief financial officer of any Borrower has actual knowledge of the existence of any Default, Event of Default Default, or other event that which has had a Material Adverse Effect, telephonic or telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.;

Appears in 2 contracts

Samples: Credit Agreement (Code Alarm Inc), Credit Agreement (Code Alarm Inc)

Default Notices. To Agent and Lenderseach Lender, if requested by Agent, as soon as practicable, and in any event within five (5) Business Days after an executive officer of any Borrower has actual knowledge of the existence of any Default, Event of Default or other event that has had a Material Adverse Effect, telephonic or telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.

Appears in 2 contracts

Samples: Credit Agreement (Reading International Inc), Credit Agreement (Reading International Inc)

Default Notices. To Administrative Agent and Lenders, as soon as practicable, and in any event within five (5) Business Days after an executive officer of any Borrower has actual knowledge of the existence of (i) any Default, and (ii) Event of Default or other event that has had a Material Adverse Effect, telephonic or telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.

Appears in 2 contracts

Samples: Credit Agreement (Kmart Holding Corp), Credit Agreement (Kmart Holding Corp)

Default Notices. To Agent and LendersLender, as soon as practicable, and in any event within five (5) 2 Business Days after an executive officer of any Borrower has actual knowledge of the existence of any Default, Event of Default or other event that has had a Material Adverse Effect, telephonic or telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.

Appears in 2 contracts

Samples: Loan Agreement (Asta Funding Inc), Loan Agreement (Asta Funding Inc)

Default Notices. To Agent and LendersAgent, as soon as practicable, and in any event within five (5) Business Days after an executive officer of any Borrower has actual knowledge of the existence of any Default, Event of Default or other event that which has had a Material Adverse Effect, telephonic or telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.;

Appears in 2 contracts

Samples: Credit Agreement (Morton Industrial Group Inc), Assignment Agreement (Morton Industrial Group Inc)

Default Notices. To Agent and Lenders, as soon as practicable, and in any event within five (5) Business Days after an executive officer of any the Borrower has actual knowledge of the existence of any Default, Event of Default or other event that has had a Material Adverse Effect, telephonic or telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, ; which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (Blockbuster Inc)

Default Notices. To Agent and Lenders, as soon as practicable, and in any event within five (5) Business Days after an executive officer of any Borrower has actual knowledge of the existence of any Default, Event of Default or other event that which has had a Material Adverse Effect, telephonic or telecopied notice thereof specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.;

Appears in 2 contracts

Samples: Credit Agreement (Astec Industries Inc), Credit Agreement (Astec Industries Inc)

Default Notices. To Agent Agents and Lenders, as soon as practicable, and in any event within five (5) Business Days after an executive officer of any Borrower has actual knowledge of the existence of any Default, Event of Default or other event that has had a Material Adverse Effect, telephonic or telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.

Appears in 1 contract

Samples: Credit Agreement (Allied Holdings Inc)

Default Notices. To Agent and Lenders, as As soon as practicable, and in any event within five (5) Business Days after an executive officer of any Borrower has actual knowledge of the existence of any Default, Event of Default or other event that has had a Material Adverse Effect, telephonic or telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.next

Appears in 1 contract

Samples: Possession Credit Agreement (WTD Industries Inc)

Default Notices. To Agent and LendersAgent, as soon as practicable, and in any event within five (5) Business Days after an executive officer of any Borrower has actual knowledge of the existence of any Default, Event of Default or other event that which has had a Material Adverse Effect, telephonic or telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.;

Appears in 1 contract

Samples: Credit Agreement (Morton Industrial Group Inc)

Default Notices. To Agent and Lenders, as As soon as practicable, and in any event within five (5) 5 --------------- Business Days after an executive officer of any Borrower has actual knowledge of the existence of any Default, Event of Default or other event that has had a Material Adverse Effect, telephonic or telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.

Appears in 1 contract

Samples: Credit Agreement (Intercept Group Inc)

Default Notices. To Agent and Lenders, as As soon as practicable, and in any event within five (5) 5 Business Days after an executive officer of any Borrower has actual knowledge of the existence of any Default, Event of Default or other event that has had a Material Adverse Effect, telephonic or telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.

Appears in 1 contract

Samples: Credit Agreement (Navarre Corp /Mn/)

Default Notices. To Agent and Lenders, as soon as practicable, and in any event within five (5) Business Days after an executive officer of any Borrower has actual knowledge of the existence of any Default, Event of Default Default, default under any of the leases listed on Disclosure Schedule (3.6) or other event that which has had a Material Adverse Effect, telephonic or telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.

Appears in 1 contract

Samples: Credit Agreement (Renaissance Cosmetics Inc /De/)

Default Notices. To Agent and Lenders, as soon as practicable, --------------- and in any event within five (5) Business Days after an executive officer officer, corporate controller or director of financial reporting of any Borrower has actual knowledge of the existence of any Default, Event of Default or other event that has had a Material Adverse Effect, telephonic or telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.

Appears in 1 contract

Samples: Credit Agreement (United Road Services Inc)

Default Notices. To Agent and Lenders, as soon as practicable, and in any event within five (5) 2 Business Days after an executive officer of any Borrower has actual knowledge of the existence of any Default, Event of Default or other event that has had a Material Adverse Effect, telephonic or telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.

Appears in 1 contract

Samples: Loan and Security Agreement (Asta Funding Inc)

Default Notices. To Agent and LendersAgent, as soon as practicable, and in any event within five (5) Business Days after an executive officer Executive Officer of any Borrower has actual knowledge of the existence of any Default, Event of Default or other event that which has had a Material Adverse Effect, telephonic telephonic, facsimile or telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.;

Appears in 1 contract

Samples: Credit Agreement (Per Se Technologies Inc)

Default Notices. To Agent and LendersExcept as otherwise provided in paragraph (h) below, as soon as practicable, and in any event within five (5) Business Days after an executive officer of any Borrower has actual knowledge of the existence of any Default, Event of Default or other event that has had a Material Adverse Effect, telephonic or telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.

Appears in 1 contract

Samples: Credit Agreement (Styling Technology Corp)

Default Notices. To Agent and Lenders, as soon as practicable, and in any event within five (5) 5 Business Days after an executive officer of any Borrower has actual knowledge of the existence of any Default, Event of Default or other event that has had a Material Adverse Effect, telephonic or telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.. (g)

Appears in 1 contract

Samples: Credit Agreement (Butler International Inc /Md/)

AutoNDA by SimpleDocs

Default Notices. To Agent and Lenders, as soon as practicable, and in --------------- any event within five (5) Business Days after an executive officer of any Borrower has actual knowledge of the existence of any Default, Event of Default or other event that which has had a Material Adverse Effect, telephonic or telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.;

Appears in 1 contract

Samples: Credit Agreement (Callaway Golf Co /Ca)

Default Notices. To Agent and Lenders, as soon as practicable, and in --------------- any event within five (5) Business Days after an executive officer of any Borrower has actual knowledge of the existence of any Default, Event of Default or other event that which has had a Material Adverse Effect, telephonic or telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.

Appears in 1 contract

Samples: Assignment Agreement (Montgomery Ward Holding Corp)

Default Notices. To Administrative Agent and Lenders, as soon as practicable, and in any event within five ten (510) Business Days after an executive officer of any US Borrower has actual knowledge of the existence of any Default, Event of Default or the existence of any other event that which has had a Material Adverse Effect, telephonic or telecopied notice specifying the nature of such Default or Event of Default or other event, event including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.;

Appears in 1 contract

Samples: Credit Agreement (National Oilwell Inc)

Default Notices. To Agent and Lenders, as As soon as practicable, and in any event within five (5) Business Days after an executive officer of any Borrower has actual knowledge of the existence of any Default, Event of Default or other event that which has had a Material Adverse Effect, telephonic or telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.;

Appears in 1 contract

Samples: Credit Agreement (Video Services Corp)

Default Notices. To Agent and Lenders, as soon as practicable, and in any event within five (5) Business Days after an executive officer a Financial Officer of any Borrower has actual knowledge of the existence of any Default, Event of Default or other event that has had a Material Adverse Effect, telephonic or telecopied or electronic notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Visteon Corp)

Default Notices. To Agent and LendersAgent, as soon as practicable, and in any event within five (5) 5 Business Days after an executive officer of any Borrower has actual knowledge of the existence of any Default, Event of Default or other event that has had a Material Adverse Effect, telephonic or telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.

Appears in 1 contract

Samples: Credit Agreement (Applied Extrusion Technologies Inc /De)

Default Notices. To Agent and Lenders, as soon as practicable, and in any event within five (5) Business Days after an executive officer of any Borrower has actual knowledge of the existence of any Default, Event of Default or other event that has had a Material Adverse Effect, telephonic or telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.

Appears in 1 contract

Samples: Credit Agreement (Track N Trail Inc)

Default Notices. To Agent and Lenders, as soon as practicable, and in any event within five (5) Business Days after an executive officer a Financial Officer of any Borrower Company has actual knowledge of the existence of any Default, or Event of Default or other event that has had a Material Adverse EffectDefault, telephonic or telecopied fax or electronic notice specifying the nature of such Default or Event of Default or other eventDefault, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.

Appears in 1 contract

Samples: Senior Unsecured Bridge Term Loan Credit Agreement (XPO Logistics, Inc.)

Default Notices. To Agent, Revolving Credit Agent and Lenders, as soon as practicable, and in any event within five (5) Business Days after an executive officer of any Borrower has actual knowledge of the existence of any Default, Event of Default or other event that which has had a Material Adverse Effect, telephonic or telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.;

Appears in 1 contract

Samples: Credit Agreement (American Coin Merchandising Inc)

Default Notices. To Agent and Lenders, as soon as practicable, and in any event within five (5) Business Days after an executive officer of any Borrower has actual knowledge of the existence of any Default, Default or Event of Default or other event that has had a Material Adverse EffectDefault, telephonic or telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.

Appears in 1 contract

Samples: Credit Agreement (Blount International Inc)

Default Notices. To Agent and for distribution to the Lenders, as soon as practicable, and in any event within five (5) 5 Business Days after an executive officer of any Borrower has actual knowledge of the existence of any Default, Event of Default or other event that has had a Material Adverse Effect, telephonic or telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.

Appears in 1 contract

Samples: Credit Agreement (Wesco International Inc)

Default Notices. To Agent and LendersAdministrative Agent, as soon as practicable, and in any event within five (5) Business Days after an executive officer of any Borrower has actual knowledge of the existence of any Default, Event of Default or other event that has had a Material Adverse Effect, telephonic or telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.

Appears in 1 contract

Samples: Credit Agreement (Fibermark Inc)

Default Notices. To Agent Agents and Lenders, as soon as practicable, and in any event within five (5) 5 Business Days after an executive officer of any Borrower has actual knowledge of the existence of any Default, Event of Default or other event that has had a Material Adverse Effect, telephonic or telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.

Appears in 1 contract

Samples: Credit Agreement (Darling International Inc)

Default Notices. To Administrative Agent and Lenders, as soon as practicable, and in any event within five (5) Business Days after an executive officer of any Borrower has actual knowledge of the existence of any Default, Event of Default Default, material default under any of the leases listed on Disclosure Schedule (3.6) or other event that which has had a Material Adverse Effect, telephonic or telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.;

Appears in 1 contract

Samples: Credit Agreement (Bon Ton Stores Inc)

Default Notices. To Agent and Lenders, as soon as practicable, and in any event within five (5) Business Days after an executive officer of any Borrower has actual knowledge of the existence of any Default, Event of Default or other event that which has had a Material Adverse Effect, telephonic or telecopied telecopies notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.;

Appears in 1 contract

Samples: Credit Agreement (Green Mountain Coffee Roasters Inc)

Default Notices. To Agent and Lenders, as As soon as practicable, and in any event within five (5) Business Days after an executive officer of any Borrower has actual knowledge of the existence of any Default, Event of Default or other event that has had a Material Adverse Effect, telephonic or telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.

Appears in 1 contract

Samples: Credit Agreement (Samsonite Corp/Fl)

Default Notices. To Agent and Lendersthe Agent, as soon as practicable, and in any event within five (5) Business Days after an executive officer of any Borrower has actual knowledge of the existence of any Default, Event of Default or other event that has had a Material Adverse Effect, any Default or Event of Default, telephonic or telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.

Appears in 1 contract

Samples: Credit Agreement (Devcon International Corp)

Default Notices. To Administrative Agent and Lenders, as soon as practicable, and in any event within five (5) Business Days after an executive officer of any Borrower has actual knowledge of the existence of any Default, Event of Default or other event that which has had a Material Adverse Effect, telephonic or telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.;

Appears in 1 contract

Samples: Credit Agreement (Playcore Inc)

Default Notices. To Agent and Lenders, as As soon as practicable, and in any event within five (5) Business Days after an executive officer of any the Borrower has actual knowledge of the existence of any Default, Event of Default or other event that which has had a Material Adverse Effect, telephonic or telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.

Appears in 1 contract

Samples: Term Loan and Security Agreement (Mpel Holdings Corp)

Default Notices. To Agent and Lenders, as soon as practicable, --------------- and in any event within five (5) 5 Business Days after an executive officer of any Borrower has actual knowledge of the existence of any Default, Event of Default or other event that has had a Material Adverse Effect, telephonic or telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.

Appears in 1 contract

Samples: Credit Agreement (Measurement Specialties Inc)

Default Notices. To Administrative Agent and Lenders, as soon as practicable, and in any event within five (5) 2 Business Days after an executive officer of any Borrower has actual knowledge of the existence of any Default, Event of Default or other event that has had a Material Adverse Effect, telephonic or telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.

Appears in 1 contract

Samples: Loan Agreement (Asta Funding Inc)

Default Notices. To Agent and LendersAgent, as soon as practicable, and in any event within five three (53) Business Days after an executive officer of any Borrower has actual knowledge of the existence of any Default, Default or Event of Default or other event that has had a Material Adverse EffectDefault, telephonic or telecopied notice specifying the nature of such Default or Event of Default or other eventDefault, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.

Appears in 1 contract

Samples: Possession Credit Agreement (Mirant Corp)

Default Notices. To Agent and Lenders, as soon as practicable, and in any event within five (5) Business Days after an executive officer of any Holdings or Borrower has actual knowledge of the existence of any Default, Event of Default or other event that has had a Material Adverse Effect, telephonic or telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.

Appears in 1 contract

Samples: Credit Agreement (BRPP LLC)

Default Notices. To Administrative Agent and Lenders, as soon as practicable, and in any event within five (5) Business Days after an executive officer of any Borrower has actual knowledge of the existence of any Default, Event of Default or other event that which has had a Material Adverse Effect, telephonic or telecopied telecopies notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.;

Appears in 1 contract

Samples: Credit Agreement (Presstek Inc /De/)

Default Notices. To Agent and Lenders, as soon as practicable, --------------- and in any event within five (5) Business Days after an executive officer of any Borrower has actual knowledge of the existence of any Default, Event of Default or other event that which has had a Material Adverse Effect, telephonic or telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.;

Appears in 1 contract

Samples: Credit Agreement (Wilsons the Leather Experts Inc)

Default Notices. To Agent and Lenders, as soon as practicable, and in any event within five (5) Business Days after an executive officer of any Borrower or Specified Borrower has actual knowledge of the existence of any Default, Event of Default or other event that which has had a Material Adverse Effect, telephonic or telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.;

Appears in 1 contract

Samples: Credit Agreement (Hometown Auto Retailers Inc)

Default Notices. To Agent and Lenders, as soon as practicable, and in any event within five (5) 5 Business Days after an executive officer of Holdings or any Borrower other Credit Party has actual knowledge of the existence of any Default, Event of Default or other event that has had a Material Adverse Effect, telephonic or telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.

Appears in 1 contract

Samples: Credit Agreement (American Lawyer Media Holdings Inc)

Default Notices. To Agent and Lendersthe Agent, as soon as practicable, and in any event within five (5) Business Days after an executive officer of any Borrower has actual knowledge of the existence of any Default, Event of Default or other event that has had a Material Adverse Effect, telephonic or telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.

Appears in 1 contract

Samples: Credit Agreement (Devcon International Corp)

Default Notices. To Agent and Lenders, as As soon as practicable, and in any event within five (5) Business Days after an executive officer of any Borrower has actual knowledge of the existence of any Default, Event of Default or other event that has had a Material Adverse Effect, telephonic or telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.

Appears in 1 contract

Samples: Credit Agreement (Newtek Business Services Inc)

Default Notices. To Agent and Lenders, as As soon as practicable, and in any event within five (5) three --------------- Business Days after an executive officer of any Borrower has actual knowledge of the existence of any Default, Event of Default or other event that has had a Material Adverse Effect, telephonic or telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereofthereof and the action which is proposed to be taken by Borrower with respect thereto, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.

Appears in 1 contract

Samples: Credit Agreement (Boston Chicken Inc)

Default Notices. To Administrative Agent and Lenders, as soon as practicable, and in any event within five three (53) Business Days after an executive officer of any Borrower has actual knowledge of the existence of any Default, Event of Default or other event that which has had a Material Adverse Effect, telephonic by telephone, telecopier or telecopied notice electronic transmission specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.;

Appears in 1 contract

Samples: Credit Agreement (Princeton Review Inc)

Default Notices. To Agent and Lenders, as As soon as practicable, and in any event within five (5) 5 Business Days after an executive officer of any Borrower has actual knowledge of the existence of any Default, Event of Default or other event that has had a Material Adverse Effect, telephonic or telecopied notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given telephonically, shall be promptly confirmed in writing on the next Business Day.

Appears in 1 contract

Samples: Credit Agreement (Intercept Inc)

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