Common use of Notice of Default or Event of Default Clause in Contracts

Notice of Default or Event of Default. promptly, and in any event within five Business Days after a Responsible Officer becoming aware of the existence of any Default or that any Person has given any notice or taken any action with respect to a claimed default hereunder or that any Person has given any notice or taken any action with respect to a claimed default or that any Person has given any notice or taken any action with respect to a claimed default of the type referred to in subparagraph (f) of Article VII, a written notice specifying the nature and period of existence thereof and what action the Borrower is taking or proposes to take with respect thereto;

Appears in 4 contracts

Samples: Credit Agreement (Cubic Corp /De/), Credit Agreement (Cubic Corp /De/), Credit Agreement (Cubic Corp /De/)

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Notice of Default or Event of Default. promptly, and in any event within five Business Days after a Responsible Officer becoming of either Obligor becomes aware of the existence of any Default or Event of Default or that any Person has given any notice or taken any action with respect to a claimed default hereunder or that any Person has given any notice or taken any action with respect to a claimed default or that any Person has given any notice or taken any action with respect to a claimed default of the type referred to in subparagraph (fSection 11(g) of Article VIIwithout regard to any dollar limitations in such Section 11(g), a written notice specifying the nature and period of existence thereof and what action the Borrower is Obligors are taking or proposes propose to take with respect thereto;

Appears in 4 contracts

Samples: Note Purchase Agreement (Sovran Self Storage Inc), Note Purchase Agreement (Sovran Acquisition LTD Partnership), Note Purchase Agreement (Sovran Self Storage Inc)

Notice of Default or Event of Default. promptly, and in any event within five Business Days after a Responsible Officer becoming aware of the existence of any Default or Event of Default or that any Person holder of Notes has given any notice or taken any action in good faith with respect to a claimed default hereunder or that any Person has given any notice or taken any action in good faith with respect to a claimed default or that any Person has given any notice or taken any action with respect to a claimed default Default of the type referred to in subparagraph (f) of Article VIISection 10(d), a written notice specifying the nature and period of existence thereof and what action the Borrower Company is taking or proposes to take with respect thereto;

Appears in 2 contracts

Samples: Note Agreement (Primerica, Inc.), Note Agreement (Primerica, Inc.)

Notice of Default or Event of Default. promptly, and in any event within five Business Days after a Responsible Officer becoming aware (1) of the existence of any Default or Event of Default, (2) that any Person has given any written notice or taken any affirmative action with respect to a claimed default hereunder or (3) that any Person has given any written notice or taken any action with respect to a claimed default or that any Person has given any notice or taken any affirmative action with respect to a claimed default of the type referred to in subparagraph (f) of Article VIISection 11(f), a written notice specifying the nature and period of existence thereof and what action the Borrower Company is taking or proposes to take with respect thereto;

Appears in 2 contracts

Samples: Subsidiary Guaranty Agreement (Ruby Tuesday Inc), Subsidiary Guaranty Agreement (Ruby Tuesday Inc)

Notice of Default or Event of Default. promptly, and in any event within five Business Days Days, after a Responsible Officer of the Company or the Issuer becoming aware (i) of the existence of any Default or Event of Default, or (ii) that any Person has given any written notice or taken any action with respect to a claimed default hereunder or that any Person has given any notice or taken any action with respect to a claimed default or that any Person has given any written notice or taken any action with respect to a claimed default of the type referred to in subparagraph (f) of Article VIISection 11(f), a written notice specifying the nature and period of existence thereof and what action the Borrower is Company and/or the Issuer are taking or proposes propose to take with respect thereto;

Appears in 1 contract

Samples: Note Purchase Agreement (Johns Manville Corp /New/)

Notice of Default or Event of Default. promptlyPromptly, and in any ------------------------------------- event within five Business Days after a Responsible Officer of any Obligor becoming aware of the existence of any Default or Event of Default or that any Person has given any notice or taken any action with respect to a claimed default hereunder or that any Person has given any notice or taken any action with respect to a claimed default or that any Person has given any notice or taken any action with respect to a claimed default of the type referred to in subparagraph (f) of Article VIISection 8.01(f), a written notice specifying the nature and period of --------------- existence thereof and what action the Borrower such Obligor is taking or proposes to take with respect thereto;

Appears in 1 contract

Samples: Note Purchase Agreement (Canpartners Inc)

Notice of Default or Event of Default. promptly, and in any event within five Business Days after a Responsible Officer becoming aware (i) has knowledge of the existence of any Default or that Event of Default or (ii) has received (A) any Person has given any written notice of, or taken any action with respect to to, a Default claimed default hereunder or that (B) any Person has given any written notice of, or taken any action with respect to a claimed default or that any Person has given any notice or taken any action with respect to to, a claimed default of the type referred to in subparagraph (f) of Article VIISection 11(f), a written notice specifying the nature and period of existence thereof and what action the Borrower Company is taking or proposes to take with respect thereto;

Appears in 1 contract

Samples: Kirby Corp

Notice of Default or Event of Default. promptly, and in any event within five Business Days after a Responsible Officer becoming aware of the existence of any Default or Event of Default or that any Person has given any notice or taken any action with respect to a claimed default hereunder or that any Person has given any notice or taken any action with respect to a claimed default or that any Person has given any notice or taken any action with respect to a claimed default of the type referred to in subparagraph (f) of Article VIISection 11(e), a written notice specifying the nature and period of existence thereof thereof, whether or not the Company agrees that any claimed default constitutes a Default or Event of Default, and what action the Borrower Company is taking or proposes to take with respect thereto;

Appears in 1 contract

Samples: Note Purchase Agreement (Energy West Inc)

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Notice of Default or Event of Default. promptly, and in any event within five Business Days after a Responsible Officer becoming becomes aware of the existence of any Default or Event of Default or that any Person has given expressly asserted in writing or taken any notice remedial action with respect to a claimed Default or Event of Default or that any Person has expressly asserted in writing or taken any action with respect to a claimed default hereunder or that any Person has given any notice or taken any action with respect to a claimed default or that any Person has given any notice or taken any action with respect to a claimed default of the type referred to in subparagraph (f) of Article VIISection 11(g), a written notice specifying the nature and period of existence thereof and what action the Borrower Company is taking or proposes to take with respect thereto;

Appears in 1 contract

Samples: Note Purchase Agreement (Diebold Inc)

Notice of Default or Event of Default. promptly, and in any event ------------------------------------- EVENT within five Business Days days after a Responsible Officer becoming aware of the existence of any Default or Event of Default or that any Person has given any notice or taken any action with respect to a claimed default hereunder or that any Person has given any notice or taken any action with respect to a claimed default under the Existing Bank Credit Facility or that any Person has given any notice or taken any action with respect to a claimed default of the type referred to in subparagraph (f) of Article VIISection 11(f), a A written notice specifying the nature and period of existence thereof and what action the Borrower Company is taking or proposes to take with respect thereto;

Appears in 1 contract

Samples: Supplemental Agreement (Federated Investors Inc /Pa/)

Notice of Default or Event of Default. promptlyPromptly, and in any event within five (5) Business Days after a Responsible Officer of any Obligor becoming aware of the existence of any Default or Event of Default or that any Person has given any notice or taken any action with respect to a claimed default hereunder or that any Person has given any notice or taken any action with respect to a claimed default or that any Person has given any notice or taken any action with respect to a claimed default of the type referred to in subparagraph (f) of Article VIISECTION 8.01(G), a written notice specifying the nature and period of existence thereof and what action the Borrower such Obligor is taking or proposes to take with respect thereto;

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (National Record Mart Inc /De/)

Notice of Default or Event of Default. promptly, and in any event within five Business Days Days, after a Responsible Officer becoming aware of the existence of any Default or Event of Default or that any Person holder has given any notice or taken any action with respect to a claimed default hereunder or that any Person has given any notice or taken any action with respect to a claimed default or that any Person has given any notice or taken any action with respect to a claimed default of the type referred to in subparagraph Section 11(f) (f) of Article VIIunless the Company reasonably believes in good faith that there is no such default), a written notice specifying the nature and period of existence thereof and what action the Borrower Company is taking or proposes to take with respect thereto;

Appears in 1 contract

Samples: Guarantee Agreement (Spirent PLC)

Notice of Default or Event of Default. promptlyPromptly, and in any event ------------------------------------- within five Business Days after a Responsible Officer of any Obligor becoming aware of the existence of any Default or Event of Default or that any Person has given any notice or taken any action with respect to a claimed default hereunder or that any Person has given any notice or taken any action with respect to a claimed default or that any Person has given any notice or taken any action with respect to a claimed default of the type referred to in subparagraph (f) of Article VIISection 8.01(g), a written notice --------------- specifying the nature and period of existence thereof and what action the Borrower such Obligor is taking or proposes to take with respect thereto;

Appears in 1 contract

Samples: Note Purchase Agreement (Western Micro Technology Inc /De)

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