Knowledge of Defaults. For purposes of Section 2.2(b), the Swingline Lender shall be deemed not to have knowledge of any Default unless and until notice describing such Default is given to the Swingline Lender by the U.S. Borrower, the Borrower, the Administrative Agent, a Lender or an Issuing Lender in accordance with Section 14.1. In the event that the Swingline Lender receives such a notice, it shall promptly give notice thereof to the Administrative Agent, the Lenders and the Issuing Lenders.
Knowledge of Defaults. The Administrative Agent shall not be deemed to have knowledge or notice of the occurrence of a Default (other than a failure to make a payment of principal of or interest on the Advances) unless the Administrative Agent has received notice from a Bank or the Borrower specifying such Default and stating that such notice is a “Notice of Default”. In the event that the Administrative Agent receives such a notice of a Default, the Administrative Agent shall give prompt notice thereof to the Banks. The Administrative Agent shall (subject to Section 9.08 hereof) take such action with respect to such Default as shall be directed by the Majority Banks, provided that unless and until the Administrative Agent shall have received such directions, the Administrative Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Default as it shall deem advisable in the best interest of the Banks except to the extent that this Agreement expressly requires that such action be taken, or not be taken, only with the consent or upon the authorization of the Majority Banks or all of the Banks.
Knowledge of Defaults. The Collateral Agent shall not be deemed to have knowledge or notice of the occurrence of a Default unless the Collateral Agent has received notice from a Secured Party or the Company referring to a Credit Agreement or this Security Agreement describing such Default and stating that such notice is a "Notice of Default." Following receipt of a Notice of Default, the Collateral Agent shall assume that the Default is continuing until the Collateral Agent receives written information to the contrary from the Credit Agent.
Knowledge of Defaults. The Agent shall not be deemed to have knowledge or notice of the occurrence of any Event of Default unless the Agent has received notice from a Lender or the Company referring to this Agreement, describing such Event of Default and stating that such notice is a "
Knowledge of Defaults. Except with respect to Events of Default specified in Clause A, B, C, E or H of Section 7.01, the Trustee shall not be deemed to have knowledge of any Event of Default unless and until an officer at the Trustee’s corporate trust operation responsible for the administration of its duties hereunder shall have actual knowledge thereof or the Trustee shall have received written notice thereof at the Principal Corporate Trust Office. The Trustee shall not be bound to ascertain or inquire as to the performance or observance of any of the terms, conditions, covenants or agreements herein or of any of the documents executed in connection with the Bonds, or as to the existence of a default or Event of Default thereunder. The Trustee shall not be responsible for the validity or effectiveness of any collateral given to or held by it.
Knowledge of Defaults. The Administrative Agent shall not be deemed to have knowledge or notice of the occurrence of any Default or Event of Default hereunder unless it shall have received written notice from the Borrower or a Lender referring to this Agreement, describing such Default or Event of Default and stating that such notice is a “notice of default.” If the Administrative Agent receives such a notice, it shall give notice thereof to Lenders; provided that if such notice is received from a Lender, the Administrative Agent also shall give notice thereof to the Borrower. The Administrative Agent shall be entitled to take action or refrain from taking action with respect to such Default or Event of Default as provided in this Article.
Knowledge of Defaults. 91 TABLE OF CONTENTS (CONTINUED) PAGE ---- ARTICLE X DEFAULTS......................................................... 92
Knowledge of Defaults. 101 9.12 Reports . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 101 ARTICLE X DEFAULTS . . . . . . . . . . . . . . . . . . . . . . 101
Knowledge of Defaults. SECTION 8.9 Resignation SECTION 8.10 Reliance by the Borrower ARTICLE IX MISCELLANEOUS
Knowledge of Defaults. Except in the case of a Default or an Event of Default of which a Responsible Trust Officer has actual knowledge, the Trustee shall be deemed to have knowledge of a Default or an Event of Default only upon receipt of written notice thereof from any of the Secured Parties or an Obligor and shall have no duty to take any action to determine whether any such Default or Event of Default has occurred.
