Common use of Notice of Claimed Default Clause in Contracts

Notice of Claimed Default. Promptly upon becoming aware that the holder of any material obligation or of any other evidence of material Indebtedness of Borrower or Guarantor has given notice or taken any other action with respect to a claimed default or event of default thereunder, a written notice specifying the notice given or action taken by such holder and the nature of the claimed default or event of default and what action the Borrower or Guarantor are taking or proposes to take with respect thereto.

Appears in 5 contracts

Samples: Loan Agreement (BBX Capital Corp), Loan Agreement (BFC Financial Corp), Loan and Security Agreement (BBX Capital Corp)

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Notice of Claimed Default. Promptly Immediately upon becoming aware that the holder of any material obligation or of any other evidence of material Indebtedness indebtedness of the Borrower or Guarantor has given notice or taken any other action with respect to a claimed default or event of default thereunder, a written notice specifying the notice given or action taken by such holder and the nature of the claimed default or event of default and what action the Borrower or Guarantor are is taking or proposes to take with respect thereto.;

Appears in 4 contracts

Samples: Loan and Security Agreement (Silverleaf Resorts Inc), Loan and Security Agreement (Silverleaf Resorts Inc), Loan, Security and Agency Agreement (Silverleaf Resorts Inc)

Notice of Claimed Default. Promptly Immediately upon becoming aware that the holder of any material obligation or of any other evidence of material Indebtedness indebtedness or security of Borrower or the Guarantor has given notice or taken any other action with respect to a claimed default or event of default thereunderthereunder which would cause a default or event of default which would have a Material Adverse Effect, a written notice specifying the notice given or action taken by such holder and the nature of the claimed default or event of default and what action the Borrower or Guarantor are taking or proposes to take with respect thereto.;

Appears in 4 contracts

Samples: Limited Credit Guaranty Agreement (Cavalier Homes Inc), Limited Credit Guaranty Agreement (Cavalier Homes Inc), Limited Credit Guaranty Agreement (Cavalier Homes Inc)

Notice of Claimed Default. Promptly upon becoming aware that the holder of any material obligation or of any other evidence of material Indebtedness indebtedness of Borrower, Guarantor, or any Applicable Underlying Borrower or Applicable Underlying Guarantor has given notice or taken any other action with respect to a claimed default or event of default thereunderwith respect thereto, a written notice specifying the notice given or action taken by such holder and the nature of the claimed default or event of default and what action the Borrower or Guarantor are is taking or proposes to take with respect thereto.;

Appears in 3 contracts

Samples: Loan and Security Agreement (Equivest Finance Inc), Loan and Security Agreement (Equivest Finance Inc), Loan and Security Agreement (Equivest Finance Inc)

Notice of Claimed Default. Promptly Immediately upon becoming aware that a Holder or the holder of any material obligation or of any other evidence of material Indebtedness indebtedness or other security of Borrower or the Guarantor has given notice or taken any other action with respect to a claimed default or event of default thereunderthereunder which would cause a default or event of default which would have a Material Adverse Effect, a written notice specifying the notice given or action taken by such holder and the nature of the claimed default or event of default and what action the Borrower or Guarantor are is taking or proposes to take with respect thereto.;

Appears in 2 contracts

Samples: Bond Guaranty Agreement (Accuride Corp), Bond Guaranty Agreement (Transportation Technologies Industries Inc)

Notice of Claimed Default. Promptly upon becoming aware that the holder of any material obligation or of any other evidence of material Indebtedness of Borrower or Guarantor has given notice or taken any other action with respect to a claimed default or event of default thereunder, a written notice specifying the notice given or action taken by such holder and the nature of the claimed default or event of default and what action the Borrower or Guarantor are is taking or proposes to take with respect thereto.

Appears in 2 contracts

Samples: Loan and Security Agreement (BBX Capital Corp), Loan and Security Agreement (Bluegreen Vacations Corp)

Notice of Claimed Default. Promptly upon becoming aware that the holder of any material obligation or of any other evidence of material Indebtedness of Borrower or Guarantor has given notice or taken any other action with respect to a claimed default or event of default thereunder, a written notice specifying the notice given or action taken by such holder and the nature of the claimed default or event of default and what action the Borrower or Guarantor are is taking or proposes to take with respect thereto.. 

Appears in 2 contracts

Samples: Loan and Security Agreement (Bluegreen Vacations Holding Corp), Loan and Security Agreement (Bluegreen Vacations Corp)

Notice of Claimed Default. Promptly Immediately upon becoming aware that the holder of any material obligation or of any other evidence of material Indebtedness of Borrower or Guarantor has given notice or taken any other action with respect to a claimed default or event of default thereunder, a written notice specifying the notice given or action taken by such holder and the nature of the claimed default or event of default and what action the Borrower or Guarantor are taking or proposes to take with respect thereto.

Appears in 1 contract

Samples: Loan and Security Agreement (Bluegreen Corp)

Notice of Claimed Default. Promptly Immediately upon becoming aware that the holder of any material obligation or of any other evidence of material Indebtedness indebtedness of Borrower or Guarantor has given notice or taken any other action with respect to a claimed default or event of default thereunderthereunder which default or claimed default would in Lender's reasonable judgment have an effect on Borrower's or Guarantor's ability to perform each of their obligations hereunder, a written notice specifying the notice given or action taken by such holder and the nature of the claimed default or event of default and what action the Borrower or Guarantor are is taking or proposes to take with respect thereto.

Appears in 1 contract

Samples: Construction Loan and Security Agreement (Bluegreen Corp)

Notice of Claimed Default. Promptly upon becoming aware that the holder of any material obligation or of any other evidence of material Indebtedness of Borrower or Guarantor has given notice or taken any other action with respect to a claimed default or event of default thereunder, a written notice specifying the notice given or action taken by such holder and the nature of the claimed default or event of default and what action the Borrower or Guarantor are taking or proposes to take with respect thereto.. 

Appears in 1 contract

Samples: Loan and Security Agreement (BBX Capital Corp)

Notice of Claimed Default. Promptly upon becoming aware that the ------------------------- holder of any material obligation or of any other evidence of material Indebtedness of Borrower or Guarantor has given notice or taken any other action with respect to a claimed default or event of default thereunderwith respect thereto, a written notice specifying the notice given or action taken by such holder and the nature of the claimed default or event of default and what action the Borrower or Guarantor are is taking or proposes to take with respect thereto.

Appears in 1 contract

Samples: Loan and Security Agreement (Mego Financial Corp)

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Notice of Claimed Default. Promptly upon becoming aware that the holder of any material obligation or of any other evidence of material Indebtedness indebtedness of Borrower or Guarantor has given notice or taken any other action with respect to a claimed default or event of default thereunderwith respect thereto, a written notice specifying the notice given or action taken by such holder and the nature of the claimed default or event of default and what action the Borrower or Guarantor are is taking or proposes to take with respect thereto.;

Appears in 1 contract

Samples: Receivables Loan and Security Agreement (Silverleaf Resorts Inc)

Notice of Claimed Default. Promptly upon becoming aware that the holder of any material obligation or of any other evidence of material Indebtedness indebtedness of Borrower or any Guarantor has given notice or taken any other action with respect to a claimed default or event of default thereunderwith respect thereto, a written notice specifying the notice given or action taken by such holder and the nature of the claimed default or event of default and what action the Borrower or the applicable Guarantor are is taking or proposes to take with respect thereto.;

Appears in 1 contract

Samples: Loan and Security Agreement (Equivest Finance Inc)

Notice of Claimed Default. Promptly upon becoming aware that the holder of any material obligation or of any other evidence of material Indebtedness indebtedness of Borrower Borrower, Guarantor, or any Applicable Underlying Developer or Applicable Underlying Guarantor has given notice or taken any other action with respect to a claimed default or event of default thereunderwith respect thereto, a written notice specifying the notice given or action taken by such holder and the nature of the claimed default or event of default and what action the Borrower or Guarantor are is taking or proposes to take with respect thereto.;

Appears in 1 contract

Samples: Loan and Security Agreement (Equivest Finance Inc)

Notice of Claimed Default. Promptly Immediately upon becoming aware that the holder of any material obligation or of any other evidence of material Indebtedness indebtedness or other security of Borrower or Guarantor has given notice or taken any other action with respect to a claimed default or event of default thereunder, a written notice specifying the notice given or action taken by such holder and the nature of the claimed default or event of default and what action the Borrower or Guarantor are is taking or proposes to take with respect thereto.. AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT

Appears in 1 contract

Samples: Loan and Security Agreement (Silverleaf Resorts Inc)

Notice of Claimed Default. Promptly Immediately upon becoming aware that the holder of any material obligation or of any other evidence of material Indebtedness indebtedness or other Security of the Borrower or Guarantor has given notice or taken any other action with respect to a claimed default or event of default thereunder, a written notice specifying the notice given or action taken by such holder and the nature of the claimed default or event of default and what action the Borrower or Guarantor are is taking or proposes to take with respect thereto.

Appears in 1 contract

Samples: Loan and Security Agreement (Asc Holdings Inc)

Notice of Claimed Default. Promptly upon becoming aware that the holder of any material obligation or of any other evidence of material Indebtedness of Borrower or Guarantor has given notice or taken any other action with respect to a claimed default or event of default thereunder, a written notice specifying the notice given or action taken by such holder and the nature of the claimed default or event of default and what action the Borrower or Guarantor are is taking or proposes to take with respect thereto.

Appears in 1 contract

Samples: Loan and Security Agreement (Bluegreen Vacations Holding Corp)

Notice of Claimed Default. Promptly upon becoming aware that the holder of any material obligation or of any other evidence of material Indebtedness indebtedness of Borrower, any Applicable Underlying Borrower or Applicable Underlying Guarantor has given notice or taken any other action with respect to a claimed default or event of default thereunderwith respect thereto, a written notice specifying the notice given or action taken by such holder and the nature of the claimed default or event of default and what action the Borrower or Guarantor are is taking or proposes to take with respect thereto.;

Appears in 1 contract

Samples: Loan and Security Agreement (Equivest Finance Inc)

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