Common use of Actual Knowledge Clause in Contracts

Actual Knowledge. Agent may assume that no Default or Event of Default has occurred and is continuing, unless Agent has actual knowledge of the Default or Event of Default, has received notice from Borrower, its counsel or its independent certified public accountants stating the nature of the Default or Event of Default, or has received notice from a Bank stating the nature of the Default or Event of Default and that Bank considers the Default or Event of Default to have occurred and be continuing.

Actual Knowledge. The Agent may assume that no Event of Default or Event of Default has occurred and is continuing, unless Agent has actual knowledge of the Event of Default or Event of Default, has received notice from Borrower, its counsel the Borrower or its any of their independent certified public accountants stating the nature of the Event of Default or Event of Default, or has received notice from a Bank Lender stating the nature of the Default or Event of Default or Default and that Bank Lender considers the Event of Default or Event of Default to have occurred and to be continuing.

Actual Knowledge. Each Agent may assume that no Default or Event of Default has occurred and is continuing, unless such Agent has actual knowledge of the Default or Event of Default, has received notice from the Borrower or the Borrower, its counsel or its 's independent certified public accountants stating the nature of the Default or Event of Default, or has received notice from a Bank Lender stating the nature of the Default or Event of Default and that Bank such Lender considers the Default or Event of Default to have occurred and to be continuing.

Actual Knowledge. Agent may assume that no Unmatured Default or Event of Default has occurred and is continuing, unless Agent has actual knowledge of the Unmatured Default or Event of Default, has received notice from Borrower, its counsel the Obligors or its any of their independent certified public accountants stating the nature of the Unmatured Default or Event of Default, or has received notice from a Bank Lender stating the nature of the Unmatured Default or Event of Default and that Bank such Lender considers the Unmatured Default or Event of Default to have occurred and to be continuing.

Actual Knowledge. Agent may assume that no Default or Event of Default has occurred and is continuing, unless Agent has actual knowledge of the Default or Event of Default, has received notice from Borrower or Borrower, its counsel or its 's independent certified public accountants stating the nature of the Default or Event of Default, or has received notice from a Bank Lender stating the nature of the Default or Event of Default and that Bank such Lender considers the Default or Event of Default to have occurred and to be continuing.

Actual Knowledge. The Agent may assume that no Default or Event of Default ---------------- or Default has occurred and is continuing, unless Agent has actual knowledge of the Event of Default or Event of Default, has received notice from Borrower, its counsel the Borrower or its any of their independent certified public accountants stating the nature of the Event of Default or Event of Default, or has received notice from a Bank Lender stating the nature of the Default or Event of Default or Default and that Bank Lender considers the Event of Default or Event of Default to have occurred and to be continuing.

Actual Knowledge. Each Agent --------------------- ---------------- may assume that no Default or Event of Default has occurred and is continuing, unless such Agent has actual knowledge of the Default or Event of Default, has received notice from the Borrower or the Borrower, its counsel or its 's independent certified public accountants stating the nature of the Default or Event of Default, or has received notice from a Bank Lender stating the nature of the Default or Event of Default and that Bank such Lender considers the Default or Event of Default to have occurred and to be continuing.