Common use of Action after an Event of Default Clause in Contracts

Action after an Event of Default. Following the occurrence and during the continuance of an Event of Default, the Borrower shall, in connection with taking any action or exercising any rights or remedies under any Lease Document or Servicing Document, comply in good faith with all requests from the Agent and Collateral Agent (it being understood that the Borrower will not be considered in breach of this Section 6.16 or any other provision of any Transaction Document by virtue of complying or failing to comply with such requests).

Appears in 2 contracts

Samples: Term Loan Agreement (Trinity Industries Inc), Term Loan Agreement (Trinity Industries Inc)

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Action after an Event of Default. Following the occurrence and during the continuance of an Event of Default, the Borrower shall, in connection with taking any action or exercising any rights or remedies under any Lease Document or Servicing Document, comply in good faith with all requests applicable written instruction from the Agent and Collateral Agent (it being understood that the Borrower will not be considered in breach of this Section 6.16 6.15 or any other provision of any Transaction Document solely by virtue of complying or failing to comply with such requestswritten instructions).

Appears in 1 contract

Samples: Loan Agreement (Trinity Industries Inc)

Action after an Event of Default. Following the occurrence and during the continuance of an Event of Default, the Borrower shall, in connection with taking any action or exercising any rights or remedies under the Purchase and Contribution Agreement or any Lease Document or Servicing Document, comply in good faith with all reasonable requests from the Administrative Agent and Collateral Agent (it being understood that the Borrower will not be considered in breach of this Section 6.16 or any other provision of any Transaction Document by virtue of complying or failing to comply with such requests)Agent.

Appears in 1 contract

Samples: Term Loan Agreement (Trinity Industries Inc)

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Action after an Event of Default. Following the occurrence and during the continuance of an Event of Default, the Borrower shall, in connection with taking any action or exercising any rights or remedies under any Lease Document or Servicing Management Document, comply in good faith with all requests applicable written instruction from the Agent and Collateral Agent (it being understood that the Borrower will not be considered in breach of this Section 6.16 6.15 or any other provision of any Transaction Document solely by virtue of complying or failing to comply with such requestswritten instructions).

Appears in 1 contract

Samples: Warehouse Loan Agreement (Trinity Industries Inc)

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