Common use of Agent’s Knowledge Clause in Contracts

Agent’s Knowledge. Agent shall not be deemed to have knowledge or notice of the occurrence of any Event of Default unless Agent has actual knowledge of the Event of Default or has received a notice from a Lender or Borrower referring to this Agreement and describing such Event of Default. Each Lender agrees that upon learning of the existence of an Event of Default, it will promptly notify Agent thereof in writing. Any such notice by a Lender, shall be in writing sufficient to identify the nature of the Event of Default.

Agent’s Knowledge. The Agent shall not be deemed to have knowledge or notice of the occurrence of any Event of Default unless the Agent has actual knowledge of the Event of Default or has received a notice from a Lender or the Borrower referring to this Agreement and describing such Event of Default. Each Lender agrees that upon learning of the existence of an Event of Default, it will promptly notify the Agent thereof in writing. Any such notice by a Lender, shall be in writing sufficient to identify the nature of the Event of Default.

Agent’s Knowledge. Agent shall not be deemed to have knowledge or notice of the occurrence of any Event of Default unless Agent has actual knowledge of the Event of Default or has received a notice from a Lender or Borrower referring to this Agreement and describing such Event of Default. Each Lender agrees that upon learning of the existence of an Event of Default, it will promptly notify Agent thereof in writing. Any such notice by a Lender, Lender shall be in writing sufficient to identify the nature of the Event of Default.