Common use of Administrative Agent Notice Clause in Contracts

Administrative Agent Notice. Upon, or prior to, taking any of the actions set forth in Section 8.02(a) or (b), the Administrative Agent shall, on behalf of the Required Lenders deliver a notice of Default, Event of Default or acceleration, as applicable, to the Borrower. For the avoidance of doubt, unless a Default or an Event of Default has occurred and is continuing, the Administrative Agent (and each other Secured Party) agrees that it shall not take any of the actions described in this Section 8.02 or bring any other action or proceeding under the Loan Documents or with respect to the Obligations.

Appears in 4 contracts

Samples: Credit Agreement (Allegro Microsystems, Inc.), Credit Agreement (Allegro Microsystems, Inc.), First Amendment (Allegro Microsystems, Inc.)

AutoNDA by SimpleDocs

Administrative Agent Notice. Upon, or prior to, taking any of the actions set forth in Section 8.02(a) or (b9.02(a), other than as set forth in the proviso of Section 9.02(a), the Administrative Agent shall, on behalf of the Required Lenders deliver a notice of Default, Event of Default or acceleration, as applicable, to the Borrower. For the avoidance of doubt, unless a Default or an Event of Default has occurred and is continuing, the Administrative Agent (and each other Secured Party) agrees that it shall not take any of the actions described in this Section 8.02 9.02 or bring any other an action or proceeding under the Loan Documents or with respect to the Obligations.

Appears in 2 contracts

Samples: Abl Revolving Credit Agreement (Petco Health & Wellness Company, Inc.), Abl Revolving Credit Agreement (Petco Health & Wellness Company, Inc.)

Administrative Agent Notice. Upon, or prior to, taking any of the actions set forth in Section 8.02(a) or (b), the Administrative Agent shall, on behalf of the Required Lenders deliver a notice of Default, Event of Default or acceleration, as applicable, to the BorrowerParent. For the avoidance of doubt, unless a Default or an Event of Default has occurred and is continuing, the Administrative Agent (and each other Secured Party) agrees that it shall not take any of the actions described in this Section 8.02 or bring any other an action or proceeding under the Loan Documents or with respect to the Obligations.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Domtar CORP)

AutoNDA by SimpleDocs

Administrative Agent Notice. Upon, or prior to, taking any of the actions set forth in Section 8.02(a) or (b), other than as set forth in the proviso of Section 8.02(a), the Administrative Agent shall, on behalf of the Required Lenders deliver a notice of Default, Event of Default or acceleration, as applicable, to the Borrower. For the avoidance of doubt, unless a Default or an Event of Default has occurred and is continuing, the Administrative Agent (and each other Secured Party) agrees that it shall not take any of the actions described in this Section 8.02 or bring any other an action or proceeding under the Loan Documents or with respect to the Obligations.

Appears in 1 contract

Samples: First Lien Credit Agreement (Petco Health & Wellness Company, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!