Common use of Events of Default, Etc Clause in Contracts

Events of Default, Etc. promptly upon any Loan Party obtaining knowledge (a) of any condition or event that constitutes an Event of Default or Potential Event of Default, or becoming aware that the Agent has given any notice or taken any other action with respect to a claimed Event of Default or Potential Event of Default, (b) that any Person has given any notice to COPT or any of its Subsidiaries or taken any other action with respect to a claimed default or event or condition of the type referred to in Article 7 of any condition or event that constitutes or may (upon the giving or receiving of notice or the lapse of time, later, or otherwise) a default, a potential event of default, an event of default (in each case, as defined in the agreement or instrument creating, evidencing or governing any such Indebtedness) under or with respect to any Indebtedness of COPT and its Subsidiaries (other than the Indebtedness hereunder), or becoming aware that any agent, trustee, lender or security holder with respect thereto has given any notice or taken any other action with respect to such condition or event, or (d) of the occurrence of any event or change that has had, or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect, an Officers' Certificate specifying the nature and period of existence of such condition, event or change, or specifying the notice given or action taken by any such Person and the nature of such claimed Event of Default, Potential Event of Default, default, event or condition, and what action the Loan Parties have taken, are taking and propose to take with respect thereto;

Appears in 2 contracts

Samples: Senior Secured Revolving Credit Agreement (Corporate Office Properties Trust), Assignment Agreement (Corporate Office Properties Trust)

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Events of Default, Etc. promptly upon any Loan Party officer of Borrower obtaining knowledge (a) of any condition or event that constitutes an Event of Default or Potential Event of Default, or becoming aware that the Agent any Lender has given any notice to Borrower or taken any other action with respect to a claimed Event of Default or Potential Event of Default, (b) that any Person has given any notice to COPT Borrower or any of its Subsidiaries or taken any other action with respect to a claimed default or event or condition of the type referred to in Article 7 subsection 8.2, (c) of any condition or event that constitutes would be required to be disclosed in a current report filed by Borrower with the Securities and Exchange Commission on Form 8-K (Items 1, 2, 4, 5 and 6 of such Form as in effect on the date hereof) if Borrower were required to file such reports under the Exchange Act, (d) of any resignation or may dismissal of Borrower’s independent accountant, (upon the giving e) of any Change of Control, (f) of any individual or receiving series of notice related Asset Sales, issuances of Capital Stock or the lapse receipt of time, later, or otherwise) a default, a potential event Net Insurance/Condemnation Proceeds aggregating in excess of default, an event of default (in each case, as defined in the agreement or instrument creating, evidencing or governing any such Indebtedness) under or with respect to any Indebtedness of COPT and its Subsidiaries (other than the Indebtedness hereunder), or becoming aware that any agent, trustee, lender or security holder with respect thereto has given any notice or taken any other action with respect to such condition or event$10,000,000, or (dg) of the occurrence of any event or change change, that has had, or could reasonably be expected to have, either individually or in the aggregate, aggregate could reasonably expect to have a Material Adverse Effect, an Officers' Officer’s Certificate specifying the nature and period of existence of such condition, event or change, or specifying the notice given or action taken by any such Person and the nature of such claimed Event of Default, Potential Event of Default, default, event or condition, and what action the Loan Parties have Borrower has taken, are is taking and propose proposes to take with respect thereto;

Appears in 2 contracts

Samples: Credit Agreement (Isle of Capri Casinos Inc), Credit Agreement (Isle of Capri Casinos Inc)

Events of Default, Etc. promptly upon any Loan Party Officer of Borrower obtaining knowledge (a) of any condition or event that constitutes an Event of Default or Potential Event of Default, or becoming aware that the Agent any Lender has given any notice to Borrower or taken any other action with respect to a claimed Event of Default or Potential Event of Default, (b) that any Person has given any notice to COPT Borrower or any of its Subsidiaries or taken any other action with respect to a claimed default or event or condition of the type referred to in Article 7 subsection 8.2, (c) of any condition or event that constitutes would be required to be disclosed in a current report filed by Borrower with the Securities and Exchange Commission on Form 8-K (Items 1, 2, 4, 5 and 6 of such Form as in effect on the date hereof) if Borrower were required to file such reports under the Exchange Act, (d) of any resignation or may dismissal of Borrower’s independent accountant, (upon the giving e) of any Change of Control, (f) of any individual or receiving series of notice related Asset Sales, issuances of Capital Stock or the lapse receipt of time, later, Net Insurance/Condemnation Proceeds from a single or otherwise) a default, a potential event related series of default, an event events aggregating in excess of default (in each case, as defined in the agreement or instrument creating, evidencing or governing any such Indebtedness) under or with respect to any Indebtedness of COPT and its Subsidiaries (other than the Indebtedness hereunder), or becoming aware that any agent, trustee, lender or security holder with respect thereto has given any notice or taken any other action with respect to such condition or event$10,000,00015,000,000, or (dg) of the occurrence of any event or change change, that has had, or could reasonably be expected to have, either individually or in the aggregate, aggregate could reasonably expect to have a Material Adverse Effect, an Officers' Officer’s Certificate specifying the nature and period of existence of such condition, event or change, or specifying the notice given or action taken by any such Person and the nature of such claimed Event of Default, Potential Event of Default, default, event or condition, and what action the Loan Parties have Borrower has taken, are is taking and propose proposes to take with respect thereto;

Appears in 1 contract

Samples: Security Agreement (Isle of Capri Casinos Inc)

Events of Default, Etc. promptly upon any Loan Party officer of BCC or Company obtaining knowledge (a) of any condition or event that constitutes an Event of Default or Potential Event of Default, or becoming aware that the Agent any Lender has given any notice (other than to Agent) or taken any other action with respect to a claimed Event of Default or Potential Event of Default, (b) that any Person has given any notice to COPT BCC or any of its Subsidiaries or taken any other action with respect to a claimed default or event or condition of the type referred to in Article 7 subsection 7.2, (c) of any condition or event that would be required to be disclosed in a current report filed by BCC with the Securities and Exchange Commission on Form 8-K (Items 1, 2, 4, 5 and 6 of such Form as in effect on the date hereof) if BCC were required to file such reports under the Exchange Act, (d) of any condition or event that constitutes a breach or may (upon the giving default by BCC or receiving any of notice or the lapse of time, later, or otherwise) a default, a potential event of default, an event of default (in each case, as defined in the agreement or instrument creating, evidencing or governing any such Indebtedness) under or its Subsidiaries with respect to any Indebtedness provision of COPT and its Subsidiaries (other than the Indebtedness hereunder)Existing Senior Note Indenture, the Existing Senior Notes, the Senior Subordinated Note Indenture, the Senior Subordinated Notes, the Seller Preferred Certificate of Designation, the Exchangeable Preferred Certificate of Designation, the Warrant Agreement or becoming aware that any agent, trustee, lender or security holder with respect thereto has given any notice or taken any other action with respect to such condition or eventthe Warrants, or (de) of the occurrence of any event or change that has had, caused or could reasonably be expected to haveevidences, either individually in any case or in the aggregate, a Material Adverse Effect, an Officers' Certificate specifying the nature and period of existence of such condition, event or change, or specifying the notice given or action taken by any such Person and the nature of such claimed Event of Default, Potential Event of Default, default, event or condition, and what action the Loan Parties have BCC has taken, are is taking and propose proposes to take with respect thereto;

Appears in 1 contract

Samples: Credit Agreement (Benedek License Corp)

Events of Default, Etc. promptly upon any Loan Party officer of Borrowers ----------------------- obtaining knowledge (a) of any condition or event that constitutes an Event of Default or Potential Event of Default, or becoming aware that the Agent any Lender has given any notice (other than to Agent) or taken any other action with respect to a claimed Event of Default or Potential Event of Default, (b) that any Person has given any notice to COPT Borrowers or any of its their Restricted Subsidiaries or taken any other action with respect to a claimed default or event or condition of the type referred to in Article 7 subsection 8.2, (c) of any condition or event that constitutes or may (upon would be required to be disclosed in a current report filed by Borrowers with the giving or receiving of notice or Securities and Exchange Commission on Form 8-K if Borrowers were required to file such reports under the lapse of timeExchange Act, later, or otherwise) a default, a potential event of default, an event of default (in each case, as defined in the agreement or instrument creating, evidencing or governing any such Indebtedness) under or with respect to any Indebtedness of COPT and its Subsidiaries (other than the Indebtedness hereunder), or becoming aware that any agent, trustee, lender or security holder with respect thereto has given any notice or taken any other action with respect to such condition or event, or (d) of the occurrence of any event or change that has had, caused or could reasonably be expected to haveevidences, either individually in any case or in the aggregate, a Material Adverse Effect, or (e) the occurrence of an Officers' event of default under any material indebtedness of any Joint Venture which default could reasonably be expected to allow such Joint Venture's creditors to block Distributions to Borrowers or their Restricted Subsidiaries, an Officer's Certificate specifying the nature and period of existence of such condition, event or change, or specifying the notice given or action taken by any such Person and the nature of such claimed Event of Default, Potential Event of Default, default, event or condition, and what action the Loan Parties Borrowers have taken, are taking and propose to take with respect thereto, to the extent Borrowers exercising their Best Efforts have the ability to take any action pursuant to the applicable Joint Venture Agreement;

Appears in 1 contract

Samples: Credit Agreement (Farmland Industries Inc)

Events of Default, Etc. promptly upon any Loan Party officer of Borrowers obtaining knowledge (a) of any condition or event that constitutes an Event of Default or Potential Event of Default, or becoming aware that the Agent any DIP Lender has given any notice (other than to DIP Agent) or taken any other action with respect to a claimed Event of Default or Potential Event of Default, (b) that any Person has given any notice to COPT Borrowers or any of its their Restricted Subsidiaries or taken any other action with respect to a claimed default or event or condition of the type referred to in Article 7 subsection 8.2, (c) of any condition or event that constitutes or may (upon would be required to be disclosed in a current report filed by Borrowers with the giving or receiving of notice or Securities and Exchange Commission on Form 8-K if Borrowers were required to file such reports under the lapse of timeExchange Act, later, or otherwise) a default, a potential event of default, an event of default (in each case, as defined in the agreement or instrument creating, evidencing or governing any such Indebtedness) under or with respect to any Indebtedness of COPT and its Subsidiaries (other than the Indebtedness hereunder), or becoming aware that any agent, trustee, lender or security holder with respect thereto has given any notice or taken any other action with respect to such condition or event, or (d) of the occurrence of any event or change that has had, caused or could reasonably be expected to haveevidences, either individually in any case or in the aggregate, a Material Adverse Effect, or (e) the occurrence of an Officers' event of default under any material indebtedness of any Joint Venture which default could reasonably be expected to allow such Joint Venture's creditors to block Distributions to Borrowers or their Restricted Subsidiaries, an Officer's Certificate specifying the nature and period of existence of such condition, event or change, or specifying the notice given or action taken by any such Person and the nature of such claimed Event of Default, Potential Event of Default, default, event or condition, and what action the Loan Parties Borrowers have taken, are taking and propose to take with respect thereto, to the extent Borrowers exercising their Best Efforts have the ability to take any action pursuant to the applicable Joint Venture Agreement;

Appears in 1 contract

Samples: Farmland Industries Inc

Events of Default, Etc. promptly upon any Loan Party obtaining knowledge (a) of any condition or event that constitutes an Event of Default or Potential Event of Default, or becoming aware that the Agent has given any notice or taken any other action with respect to a claimed Event of Default or Potential Event of Default, (b) that any Person has given any notice to COPT or any of its Subsidiaries or taken any other action with respect to a claimed default or event or condition of the type referred to in Article 7 of any condition or event that constitutes or may (upon the giving or receiving of notice or the lapse of time, later, or otherwise) a default, a potential event of default, an event of default (in each case, as defined in the agreement or instrument creating, evidencing or governing any such Indebtedness) under or with respect to any Indebtedness of COPT and its Subsidiaries (other than the Indebtedness hereunder), or becoming aware that any agent, trustee, lender or security holder with respect thereto has given any notice or taken any other action with respect to such condition or event, or (d) of the occurrence of any event or change that has had, or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect, an Officers' Certificate specifying the nature and period of existence of such condition, event or change, or specifying the notice given or action taken by any such Person and the nature of such claimed Event of Default, Potential Event of Default, default, event or condition, and what action the Loan Parties COPT and Borrower have taken, are taking and propose to take with respect thereto;

Appears in 1 contract

Samples: Assignment Agreement (Corporate Office Properties Trust)

Events of Default, Etc. promptly upon any Loan Party Officer of an Obligor obtaining knowledge (aA) of any condition or event that constitutes an Event of Default or Potential Event of Default, or becoming aware that the Agent has given any notice or taken any other action with respect to a claimed Event of Default or Potential Event of Default, (bB) that any Person creditor has given any notice to COPT such Obligor or any of its Restricted Subsidiaries or taken any other action with respect to a claimed default or event or condition of the type referred to in Article 7 Section 7.1(b), (C) of any condition or event that constitutes is required to be disclosed in a current report filed by such Obligor with the SEC on Form 8-K (or may (upon would be required to be disclosed if such Obligor were subject to the giving or receiving periodic reporting requirements of notice or the lapse of time, later, or otherwise) a default, a potential event of default, an event of default (in each case, as defined in the agreement or instrument creating, evidencing or governing any such Indebtedness) under or with respect to any Indebtedness of COPT and its Subsidiaries (other than the Indebtedness hereunderXxxxxxx 00 xx 00 xx xxx Xxxxxxxx Xxx), or becoming aware that any agent, trustee, lender or security holder with respect thereto has given any notice or taken any other action with respect to such condition or event, or (dX) of the occurrence of any event or change that has had, or could would reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect, or (E) of any condition or event that constitutes a default or an Officers' event of default (or any condition with which the passing of time or the giving of notice or both would, unless cured or waived, become a default or event of default) under any Concession or any other material Contractual Obligation (including, without limitation, the Air Mobility Command Agreement), an Officer's Certificate specifying the nature and period of existence of such Default, Event of Default, default, condition, event or changechange (including with respect to notices under clause (A) of this Section 5.1(b)(v), specific references to all provisions of the Loan Documents under which the Default or Event of Default has occurred) or specifying the notice given or action taken by any such Person and the nature of such claimed Event of Default, Potential Event of Default, default, condition, event or conditionchange, as the case may be, and in any such case what action the Loan Parties have such Obligor has taken, are is taking and propose proposes to take with respect thereto;

Appears in 1 contract

Samples: Loan Agreement (World Airways Inc /De/)

Events of Default, Etc. promptly upon any Loan Party CapStar or the Borrower obtaining knowledge (a) of any condition or event that constitutes an Event of Default or Potential Event of Default, or becoming aware that the Agent or any Lender has given any notice or taken any other action with respect to a claimed Event of Default or Potential Event of Default, (b) that any Person has given any notice to COPT CapStar or any of its Subsidiaries or taken any other action with respect to a claimed default or event or condition of the type referred to in Article 7 subsection 7.1B, 7.1C, 7.1D, 7.1E, 7.1F, 7.1H or 7.1I, (c) of any condition or event that constitutes or may (upon the giving or receiving of notice or the lapse of time, later, or otherwise) constitute a default, a potential event of default, default or an event of default (in each case, as defined in the agreement or instrument creating, evidencing or governing any such Indebtedness) under or with respect to any Indebtedness of COPT and its Subsidiaries (other than the Indebtedness hereunder)) or any Pool B Obligation, or becoming aware that any agent, trustee, lender or security holder with respect thereto has given any notice or taken any other action with respect to such condition or event, (d) of any condition or event that would be required to be disclosed in a current report filed by CapStar with the Securities and Exchange Commission on Form 8-K (Items 1, 2, 4, and 6 of such Form as in effect on the date hereof) if CapStar were required to file such reports under the Exchange Act or (de) of the occurrence of any event or change that has had, or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect, an Officers' Certificate specifying the nature and period of existence of such condition, event or change, or specifying the notice given or action taken by any such Person and the nature of such claimed Event of Default, Potential Event of Default, default, event or condition, and what action CapStar and the Loan Parties Borrower have taken, are taking and propose to take with respect thereto;

Appears in 1 contract

Samples: Senior Subordinated Credit Agreement (Capstar Hotel Co)

Events of Default, Etc. promptly upon any Loan Party officer of Borrower ----------------------- obtaining knowledge (a) of any condition or event that constitutes an Event of Default or Potential Event of Default, or becoming aware that the Agent any Lender has given any notice to Borrower or taken any other action with respect to a claimed Event of Default or Potential Event of Default, (b) that any Person has given any notice to COPT Borrower or any of its Subsidiaries or taken any other action with respect to a claimed default or event or condition of the type referred to in Article 7 subsection 8.2, (c) of any condition or event that constitutes would be required to be disclosed in a current report filed by Borrower with the Securities and Exchange Commission on Form 8-K (Items 1, 2, 4, 5 and 6 of such Form as in effect on the date hereof) if Borrower were required to file such reports under the Exchange Act, (d) of any resignation or may dismissal of Borrower's independent accountant, (upon the giving e) of any Change of Control, (f) of any individual or receiving series of notice related Asset Sales, issuances of Capital Stock or the lapse receipt of time, later, or otherwise) a default, a potential event Net Insurance/Condemnation Proceeds aggregating in excess of default, an event of default (in each case, as defined in the agreement or instrument creating, evidencing or governing any such Indebtedness) under or with respect to any Indebtedness of COPT and its Subsidiaries (other than the Indebtedness hereunder), or becoming aware that any agent, trustee, lender or security holder with respect thereto has given any notice or taken any other action with respect to such condition or event$10,000,000, or (dg) of the occurrence of any event or change change, that has had, or could reasonably be expected to have, either individually or in the aggregate, aggregate could reasonably expect to have a Material Adverse Effect, an Officers' Officer's Certificate specifying the nature and period of existence of such condition, event or change, or specifying the notice given or action taken by any such Person and the nature of such claimed Event of Default, Potential Event of Default, default, event or condition, and what action the Loan Parties have Borrower has taken, are is taking and propose proposes to take with respect thereto;

Appears in 1 contract

Samples: Credit Agreement (Grand Palais Riverboat Inc)

Events of Default, Etc. promptly upon any Loan Party obtaining knowledge (a) of any condition or event that constitutes an Event of Default or Potential Event of Default, or becoming aware that the Agent Lender has given any notice or taken any other action with respect to a claimed Event of Default or Potential Event of Default, (b) that any Person has given any notice to COPT Royale or any of its Subsidiaries or taken any other action with respect to a claimed default or event or condition of the type referred to in Article 7 of any condition or event that constitutes or may (upon the giving or receiving of notice or the lapse of time, later, or otherwise) a default, a potential event of default, an event of default (in each case, as defined in the agreement or instrument creating, evidencing or governing any such Indebtedness) under or with respect to any Indebtedness of COPT Royale and its Subsidiaries (other than the Indebtedness hereunder), or becoming aware that any agent, trustee, lender or security holder with respect thereto has given any notice or taken any other action with respect to such condition or event, (d) of any condition or event that would be required to be disclosed in a current report filed by Royale with the Securities and Exchange Commission on Form 8-K (Items 1, 2, 4, and 6 of such Form as in effect on the date hereof) if Royale were required to file such reports under the Exchange Act, or (de) of the occurrence of any event or change that has had, or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect, an Officers' Certificate specifying the nature and period of existence of such condition, event or change, or specifying the notice given or action taken by any such Person and the nature of such claimed Event of Default, Potential Event of Default, default, event or condition, and what action the Loan Parties Royale and Borrower have taken, are taking and propose to take with respect thereto;

Appears in 1 contract

Samples: Credit Agreement (Royale Investments Inc)

Events of Default, Etc. promptly upon any Loan Party Officer of either Obligor obtaining knowledge (aA) of any condition or event that constitutes an Event of Default or Potential Event of Default, or becoming aware that the Agent has given any notice or taken any other action with respect to a claimed Event of Default or Potential Event of Default, (bB) that any Person creditor has given any notice to COPT either Obligor or any of its Subsidiaries or taken any other action with respect to a claimed default or event or condition of the type referred to in Article 7 Section 7.1(b), (C) of any condition or event that constitutes or may (upon would be required to be disclosed in a current report filed by the giving or receiving of notice Borrower or the lapse of timeParent with the SEC on Form 8-K if such Person were required to file such reports under the Exchange Act, later, or otherwise) a default, a potential event of default, an event of default (in each case, as defined in the agreement or instrument creating, evidencing or governing any such Indebtedness) under or with respect to any Indebtedness of COPT and its Subsidiaries (other than the Indebtedness hereunder), or becoming aware that any agent, trustee, lender or security holder with respect thereto has given any notice or taken any other action with respect to such condition or event, or (dD) of the occurrence of any event or change that has had, or could would reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect, or (E) of any condition or event that constitutes a default or an Officers' event of default (or any condition with which the passing of time or the giving of notice or both would, unless cured or waived, become a default or event of default) under any Concession or any other material Contractual Obligation, an Officer's Certificate specifying the nature and period of existence of such Default, Event of Default, condition, event or changechange (including with respect to notices under clause (A) of this Section 5.1(b)(v), specific references to all provisions of the Loan Documents under which the Default or Event of Default has occurred) or specifying the notice given or action taken by any such Person and the nature of such claimed Event of Default, Potential Event of Default, default, event or condition, and what action the Loan Parties have Borrower has taken, are is taking and propose proposes to take with respect thereto;

Appears in 1 contract

Samples: Loan Agreement (Ata Holdings Corp)

Events of Default, Etc. promptly upon any Loan Party officer of the Borrowers obtaining knowledge (a) of any condition or event that constitutes an Event of Default or Potential Event of Default, or becoming aware that the Agent any Lender has given any notice (other than to the Administrative Agent) or taken any other action with respect to a claimed Event of Default or Potential Event of Default, (b) that any Person has given any notice to COPT or any of its the Borrowers and their Restricted Subsidiaries or taken any other action with respect to a claimed default or event or condition of the type referred to in Article 7 subsection 8.2, (c) of any condition or event that constitutes or may would be required to be disclosed in a current report filed by the Borrowers with the Securities and Exchange Commission on Form 8-K (upon Items 2.01, 4.01, 5.01, 7.01 and 8.01 of such Form as in effect on the giving or receiving of notice or Closing Date) if the lapse of time, later, or otherwise) a default, a potential event of default, an event of default (in each case, as defined in Borrowers were required to file such reports under the agreement or instrument creating, evidencing or governing any such Indebtedness) under or with respect to any Indebtedness of COPT and its Subsidiaries (other than the Indebtedness hereunder), or becoming aware that any agent, trustee, lender or security holder with respect thereto has given any notice or taken any other action with respect to such condition or eventExchange Act, or (d) of the occurrence of any event or change that has had, caused or could reasonably be expected to haveevidences, either individually in any case or in the aggregate, a Material Adverse Effect, an Officers' Certificate specifying the nature and period of existence of such condition, event or change, or specifying the notice given or action taken by any such Person and the nature of such claimed Event of Default, Potential Event of Default, default, event or condition, and what action the Loan Parties Borrowers have taken, are taking and propose to take with respect thereto;

Appears in 1 contract

Samples: Credit Agreement (Las Vegas Sands Corp)

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Events of Default, Etc. promptly upon any Loan Party Officer of Borrower obtaining knowledge (a) of any condition or event that constitutes an Event of Default or Potential Event of Default, or becoming aware that the Agent any Lender has given any notice to Borrower or taken any other action with respect to a claimed Event of Default or Potential Event of Default, (b) that any Person has given any notice to COPT Borrower or any of its Subsidiaries or taken any other action with respect to a claimed default or event or condition of the type referred to in Article 7 subsection 8.2, (c) of any condition or event that constitutes would be required to be disclosed in a current report filed by Borrower with the Securities and Exchange Commission on Form 8-K (Items 1, 2, 4, 5 and 6 of such Form as in effect on the date hereof) if Borrower were required to file such reports under the Exchange Act, (d) of any resignation or may dismissal of Borrower’s independent accountant, (upon the giving e) of any Change of Control, (f) of any individual or receiving series of notice related Asset Sales, issuances of Capital Stock or the lapse receipt of time, later, or otherwise) a default, a potential event Net Insurance/Condemnation Proceeds aggregating in excess of default, an event of default (in each case, as defined in the agreement or instrument creating, evidencing or governing any such Indebtedness) under or with respect to any Indebtedness of COPT and its Subsidiaries (other than the Indebtedness hereunder), or becoming aware that any agent, trustee, lender or security holder with respect thereto has given any notice or taken any other action with respect to such condition or event$10,000,000, or (dg) of the occurrence of any event or change change, that has had, or could reasonably be expected to have, either individually or in the aggregate, aggregate could reasonably expect to have a Material Adverse Effect, an Officers' Officer’s Certificate specifying the nature and period of existence of such condition, event or change, or specifying the notice given or action taken by any such Person and the nature of such claimed Event of Default, Potential Event of Default, default, event or condition, and what action the Loan Parties have Borrower has taken, are is taking and propose proposes to take with respect thereto;

Appears in 1 contract

Samples: Credit Agreement (Isle of Capri Casinos Inc)

Events of Default, Etc. promptly upon any Loan Party Officer of any Obligor obtaining knowledge (aA) of any condition or event that constitutes an Event of Default or Potential Event of Default, or becoming aware that the Agent has given any notice or taken any other action with respect to a claimed Event of Default or Potential Event of Default, (bB) that any Person creditor has given any notice to COPT or any of its Subsidiaries Obligor or taken any other action with respect to a claimed default or event or condition of the type referred to in Article 7 Section 7.1(b), (C) of any condition or event that constitutes or may would be required to be disclosed in a current report filed by an Obligor with the SEC on Form 8-K if such Person were required to file such reports under the Exchange Act, (upon the giving or receiving of notice or the lapse of time, later, or otherwise) a default, a potential event of default, an event of default (in each case, as defined in the agreement or instrument creating, evidencing or governing any such Indebtedness) under or with respect to any Indebtedness of COPT and its Subsidiaries (other than the Indebtedness hereunder), or becoming aware that any agent, trustee, lender or security holder with respect thereto has given any notice or taken any other action with respect to such condition or event, or (dD) of the occurrence of any event or change that has had, or could would reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect, or (E) of any condition or event that constitutes a default or an Officers' event of default (or any condition with which the passing of time or the giving of notice or both would, unless cured or waived, become a default or event of default) under any material Contractual Obligation (including, without limitation, the Air Mobility Command Agreement), an Officer’s Certificate specifying the nature and period of existence of such Default, Event of Default, condition, event or changechange (including with respect to notices under clause (A) of this Section 5.1(b)(v), specific references to all provisions of the Loan Documents under which the Default or Event of Default has occurred) or specifying the notice given or action taken by any such Person and the nature of such claimed Event of Default, Potential Event of Default, default, event or condition, and what action the Loan Parties have Borrower or other applicable Obligor has taken, are is taking and propose proposes to take with respect thereto;

Appears in 1 contract

Samples: Loan Agreement

Events of Default, Etc. promptly upon any Loan Party obtaining knowledge (a) of any condition or event that constitutes an Event of Default or Potential Event of Default, or becoming aware that the Agent has given any notice or taken any other action with respect to a claimed Event of Default or Potential Event of Default, (b) that any Person has given any notice to COPT or any of its Subsidiaries or taken any other action with respect to a claimed default or event or condition of the type referred to in Article 7 of any condition or event that constitutes or may (upon the giving or receiving of notice or the lapse of time, later, or otherwise) a default, a potential event of default, an event of default (in each case, as defined in the agreement or instrument creating, evidencing or governing any such Indebtedness) under or with respect to any Indebtedness of COPT and its Subsidiaries (other than the Indebtedness hereunder), or becoming aware that any agent, trustee, lender or security holder with respect thereto has given any notice or taken any other action with respect to such condition or event, or (d) of the occurrence of any event or change that has had, or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect, an Officers' Certificate specifying the nature and period of existence of such condition, event or change, or specifying the notice given or action taken by any such Person and the nature of such claimed Event of Default, Potential Event of Default, default, event or condition, and what action the Loan Parties have taken, are taking and propose to take with respect thereto;

Appears in 1 contract

Samples: Credit Agreement (Corporate Office Properties Trust)

Events of Default, Etc. promptly Promptly upon any Loan officer of Borrower or Parent or of any senior officer of any other Credit Party obtaining knowledge (a) of any condition or event that constitutes an Event of Default or Potential Event of Default, or becoming aware that the Agent any Lender has given any notice (other than to Administrative Agent) or taken any other action with respect to a claimed Event of Default or Potential Event of Default, (b) of any condition or event that constitutes an event of default under the Parent Sub Debt Documents, or becoming aware that Ares Capital Corporation or any holder of the Parent Subordinated Debt has given any notice or taken any other action with respect to a claimed default under the Parent Sub Debt Documents, (c) that any Person has given any notice to COPT or any of its Subsidiaries Credit Party or taken any other action with respect to a claimed default or event or condition of the type referred to in Article 7 of any condition or event that constitutes or may (upon the giving or receiving of notice or the lapse of time, later, or otherwise) a default, a potential event of default, an event of default (in each case, as defined in the agreement or instrument creating, evidencing or governing any such Indebtedness) under or with respect to any Indebtedness of COPT and its Subsidiaries (other than the Indebtedness hereunder), or becoming aware that any agent, trustee, lender or security holder with respect thereto has given any notice or taken any other action with respect to such condition or eventsubsection 8.2, or (d) of the occurrence of any event or change that has hadcaused or evidences, or that could reasonably be expected to havecause or evidence, either individually in any case or in the aggregate, a Material Adverse Effect, an Officers' Officer’s Certificate specifying the nature and period of existence of such condition, event or change, or specifying the notice given or action taken by any such Person and the nature of such claimed Event of Default, Potential Event of Default, default, event or condition, and what action the Loan Parties have such Credit Party has taken, are is taking and propose proposes to take with respect thereto;

Appears in 1 contract

Samples: Credit Agreement (Courtside Acquisition Corp)

Events of Default, Etc. promptly upon any Loan Party CapStar or the Borrower obtaining knowledge (a) of any condition or event that constitutes an Event of Default or Potential Event of Default, or becoming aware that the Agent or any Lender has given any notice or taken any other action with respect to a claimed Event of Default or Potential Event of Default, (b) that any Person has given any notice to COPT CapStar or any of its Subsidiaries or taken any other action with respect to a claimed default or event or condition of the type referred to in Article 7 subsection 8.1B, 8.1C, 8.1D, 8.1E, 8.1F, 8.1H or 8.1I, (c) of any condition or event that constitutes or may (upon the giving or receiving of notice or the lapse of time, later, or otherwise) a default, a potential event of default, an event of default (in each case, as defined in the agreement or instrument creating, evidencing or governing any such Indebtedness) under or with respect to any Indebtedness of COPT and its Subsidiaries (other than the Indebtedness hereunder), any Pool B Obligation or any Related Document (if, with respect to such Related Document, the occurrence of a default, a potential event of default or an event of default could reasonably be expected to result in a loss or liability to a Loan Party or any of its Subsidiaries of more than $1,000,000), or becoming aware that any agent, trustee, lender or security holder with respect thereto has given any notice or taken any other action with respect to such condition or event, (d) of any condition or event that would be required to be disclosed in a current report filed by CapStar with the Securities and Exchange Commission on Form 8-K (Items 1, 2, 4, and 6 of such Form as in effect on the date hereof) if CapStar were required to file such reports under the Exchange Act, (e) that there has commenced, or is intended to be commenced, a Major Renovation/Restoration of any Property with respect to which a Notice of Renovation/Restoration shall not previously have been delivered to the Agent or (df) of the occurrence of any event or change that has had, or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect, an Officers' Certificate specifying the nature and period of existence of such condition, event or change, or specifying the notice given or action taken by any such Person and the nature of such claimed Event of Default, Potential Event of Default, default, event or condition, and what action CapStar and the Loan Parties Borrower have taken, are taking and propose to take with respect thereto;

Appears in 1 contract

Samples: Senior Secured Revolving Credit Agreement (Capstar Hotel Co)

Events of Default, Etc. promptly upon any Loan Party the Company obtaining knowledge (a) of any condition or event that constitutes an Event of Default or Potential Event of Default, or becoming aware that the Agent or any Lender has given any notice or taken any other action with respect to a claimed Event of Default or Potential Event of Default, (b) that any Person has given any notice to COPT or any of its Subsidiaries the Company or taken any other action with respect to a claimed default or event or condition of the type referred to in Article 7 subsection 7.1B, 7.1C, 7.1D or 7.1E, (c) of any condition or event that constitutes or may (upon the giving or receiving of notice or the lapse of time, later, or otherwise) a default, a potential event of default, an event of default (in each case, as defined in the agreement or instrument creating, evidencing or governing any such Indebtedness) under 102 114 or with respect to any Indebtedness in an aggregate principal amount of COPT and its Subsidiaries $1,000,000 or more (other than the Indebtedness hereunder), or any Related Document, or becoming aware that any agent, trustee, lender or security holder with respect thereto has given any notice or taken any other action with respect to such condition or event, (d) of any condition or event that would be required to be disclosed in a current report filed by the Company with the Securities and Exchange Commission on Form 8-K (Items 1, 2, 4, and 6 of such Form as in effect on the date hereof) if the Company were required to file such reports under the Exchange Act, (e) that there has commenced, or is intended to be commenced, a Material Renovation/Restoration of any Property with respect to which a written notice of renovation or restoration shall not previously have been delivered to the Agent or (df) of the occurrence of any event or change that has had, or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect, an Officers' Officer's Certificate specifying the nature and period of existence of such condition, event or change, or specifying the notice given or action taken by any such Person and the nature of such claimed Event of Default, Potential Event of Default, default, event or condition, and what action the Loan Parties have Company has taken, are is taking and propose proposes to take with respect thereto;

Appears in 1 contract

Samples: Credit Agreement (Prime Hospitality Corp)

Events of Default, Etc. promptly upon any Loan Party Responsible Officer of the Borrower obtaining knowledge (aA) of any condition or event that constitutes an Event of Default or Potential Event of Default, or becoming aware that the Agent has given any notice or taken any other action with respect to a claimed Event of Default or Potential Event of Default, (bB) that any Person creditor has given any notice to COPT the Borrower or any of its Subsidiaries or taken any other action with respect to a claimed default or event or condition of the type referred to in Article 7 SECTION 7.1(B), (C) unless provided pursuant to clause (iv) above, of any condition or event that constitutes or may is required to be disclosed in a current report filed by the Borrower with the SEC on Form 8-K, (upon the giving or receiving of notice or the lapse of time, later, or otherwise) a default, a potential event of default, an event of default (in each case, as defined in the agreement or instrument creating, evidencing or governing any such Indebtedness) under or with respect to any Indebtedness of COPT and its Subsidiaries (other than the Indebtedness hereunder), or becoming aware that any agent, trustee, lender or security holder with respect thereto has given any notice or taken any other action with respect to such condition or event, or (dD) of the occurrence of any event or change that has had, or could would reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect, or (E) of any condition or event that constitutes a default or an Officers' event of default (or any condition with which the passing of time or the giving of notice or both would, unless cured or waived, become a default or event of default) under any material Contractual Obligation, an Officer's Certificate specifying the nature and period of existence of such Default, Event of Default, condition, event or changechange (including with respect to notices under clause (A) of this SECTION 5.1(B)(V), specific references to all provisions of the Loan Documents under which the Default or Event of Default has occurred) or specifying the notice given or action taken by any such Person and the nature of such claimed Event of Default, Potential Event of Default, default, event or condition, as the case may be, and in any such case, what action the Loan Parties have Borrower has taken, are is taking and propose proposes to take with respect thereto;

Appears in 1 contract

Samples: Loan Agreement (Frontier Airlines Inc /Co/)

Events of Default, Etc. promptly upon upon, but in any Loan Party event no later than two Business Days after, any officer of the Borrower obtaining knowledge (a) of any condition or event that constitutes an Event of Default or Potential Event of Default, or becoming aware that any Lender or the Agent has given any notice or taken any other action with respect to a claimed Event of Default or Potential Event of DefaultDefault under this Agreement, (b) that any Person has given any notice to COPT the Borrower or any of its Subsidiaries or taken any other action with respect to a claimed default or event or condition of the type referred to in Article 7 Section 7(b) and (e), (c) of any condition or event that constitutes or may would be required to be disclosed in a current report filed by the Borrower with the Securities and Exchange Commission on Form 8-K (upon Items 1, 2, 4 and 5 of such Form as in effect on the giving or receiving of notice or date hereof) if the lapse of time, later, or otherwise) Borrower were a default, a potential event of default, an event of default (in each case, as defined in filing Person under the agreement or instrument creating, evidencing or governing any such Indebtedness) under or with respect to any Indebtedness of COPT and its Subsidiaries (other than the Indebtedness hereunder), or becoming aware that any agent, trustee, lender or security holder with respect thereto has given any notice or taken any other action with respect to such condition or event, rules thereof or (d) of the occurrence of any condition or event or change that which has had, had or could reasonably be expected to have, either individually or in the aggregate, have a Material Adverse EffectEffect (which, for such purposes, shall be determined with respect to the Borrower individually), an Officers' Officer's Certificate specifying the nature and period of existence of such condition, event condition or changeevent, or specifying the notice given or action taken by any such holder or Person and the nature of such claimed default, Event of Default, Potential Event of Default, default, event or condition, and what action the Loan Parties have Borrower has taken, are is taking and propose proposes to take with respect thereto;

Appears in 1 contract

Samples: Paxson Pledge Agreement (Paxson Communications Corp)

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