Common use of Assumption re Event of Default Clause in Contracts

Assumption re Event of Default. Except as otherwise provided in Section 14.15, the Facility Agent and the Security Trustee, as the case may be, shall each be entitled to assume that no Event of Default or Default has occurred and is continuing, unless the Facility Agent or the Security Trustee, as the case may be, has been notified by the Borrower of such fact, or has been notified by a Creditor that such Creditor considers that an Event of Default or Default (specifying in detail the nature thereof) has occurred and is continuing. In the event that the Facility Agent or the Security Trustee, as the case may be, shall have been notified by the Borrower or any other Creditor in the manner set forth in the preceding sentence of any Event of Default or Default, the Facility Agent or the Security Trustee, as the case may be, shall notify the other Creditors and shall take action and assert such rights under this Agreement and the other Loan Documents as the Majority Lenders shall request in writing.

Assumption re Event of Default. Except as otherwise provided in Section 14.1515.13, the Facility Agent and the Security Trustee, as the case may be, Trustee shall each be entitled to assume that no Default or Event of Default or Default Default, has occurred and is continuing, unless the Facility Agent or the Security Trustee, as the case may be, has been notified by the Borrower of such fact, fact or has been notified by a Creditor Lender that such Creditor Lender considers that an a Default or Event of Default or Default (specifying in detail the nature thereof) has occurred and is continuing. In the event that the Facility Agent or the Security Trustee, as the case may be, shall have been notified by the Borrower or any other Creditor party in the manner set forth in the preceding sentence of any Default or Event of Default or Default, the Facility Agent or the Security Trustee, as the case may be, shall notify the other Creditors Security Trustee and the Lenders and shall take such action and assert such rights under this Agreement and under the other Loan Transaction Documents as the Majority Lenders (or, to the extent provided herein, all of the Lenders) shall request in writing.

Assumption re Event of Default. Except as otherwise provided in Section 14.1515.15, the Facility Agent and the Security Trustee, as the case may be, shall each be entitled to assume that no Event of Default or Default has occurred and is continuing, unless the Facility Agent or the Security Trustee, as the case may be, has been notified by the Borrower of such fact, fact or has been notified by a Creditor Lender that such Creditor Xxxxxx considers that an Event of Default or Default such an event (specifying in detail the nature thereof) has occurred and is continuing. In the event that the Facility Agent or the Security Trustee, as the case may be, shall have been notified by the Borrower or any other Creditor party in the manner set forth in the preceding sentence of any Event of Default or of any Default, the Facility Agent or the Security Trustee, as the case may be, shall promptly notify the other Creditors Lenders and shall take action and assert such rights and/or advise the Security Trustee to take such action or assert such rights under this Agreement and the other Loan Transaction Documents as the Majority Lenders shall request in writing.

Assumption re Event of Default. Except as otherwise provided in Section 14.1515.15, the Facility Agent and the Security Trustee, as the case may be, shall each be entitled to assume that no Event of Default or Default has occurred and is continuing, unless the Facility Agent or the Security Trustee, as the case may be, has been notified by the Borrower Borrowers of such fact, fact or has been notified by a Creditor Lender that such Creditor Xxxxxx considers that an Event of Default or Default such an event (specifying in detail the nature thereof) has occurred and is continuing. In the event that the Facility Agent or the Security Trustee, as the case may be, shall have been notified by the Borrower or any other Creditor party in the manner set forth in the preceding sentence of any Event of Default or of any Default, the Facility Agent or the Security Trustee, as the case may be, shall promptly notify the other Creditors Lenders and shall take action and assert such rights and/or advise the Security Trustee to take such action or assert such rights under this Agreement and the other Loan Transaction Documents as the Majority Lenders shall request in writing.

Assumption re Event of Default. Except as otherwise provided in Section 14.1516.15, the Facility Agent and the Security Trustee, as the case may be, shall each be entitled to assume that no Event of Default or Default has occurred and is continuing, unless the Facility Agent or the Security Trustee, as the case may be, has been notified by any of the Borrower Borrowers of such fact, fact or has been notified by a Creditor Lender that such Creditor Lender considers that an Event of Default or Default such an event (specifying in detail the nature thereof) has occurred and is continuing. In the event that the Facility Agent or the Security Trustee, as the case may be, shall have been notified by the Borrower or any other Creditor party in the manner set forth in the preceding sentence of any Event of Default or of any Default, the Facility Agent or the Security Trustee, as the case may be, shall promptly notify the other Creditors Lenders and shall take action and assert such rights and/or advise the Security Trustee to take such action or assert such rights under this Agreement and the other Loan Transaction Documents as the Majority Lenders shall request in writing.

Assumption re Event of Default. Except as otherwise provided in Section 14.1516.15, the Facility Agent and the Security Trustee, as the case may be, shall each be entitled to assume that no Event of Default or Default has occurred and is continuing, unless the Facility Agent or the Security Trustee, as the case may be, has been notified by any of the Borrower Borrowers of such fact, fact or has been notified by a Creditor Lender that such Creditor Lender considers that an Event of Default or Default such an event (specifying in detail the nature thereof) has occurred and is continuing. In the event that the Facility Agent or the Security Trustee, as the case may be, shall have been notified by the Borrower or any other Creditor party in the manner set forth in the preceding sentence of any Event of Default or of any Default, the Facility Agent or the Security Trustee, as the case may be, shall promptly notify the other Creditors Lenders and shall take action and assert such rights and/or advise the Security Trustee to take such action or assert such rights under this Agreement and the other Loan Transaction Documents as the Majority Lenders shall request in writing.. 16.10

Assumption re Event of Default. Except as otherwise provided in Section 14.1515.15, the Facility Agent and the Security Trustee, as the case may be, shall each be entitled to assume that no Event of Default or Default has occurred and is continuing, unless the Facility Agent or the Security Trustee, as the case may be, has been notified by any of the Borrower Borrowers of such fact, fact or has been notified by a Creditor Lender that such Creditor Lender considers that an Event of Default or Default such an event (specifying in detail the nature thereof) has occurred and is continuing. In the event that the Facility Agent or the Security Trustee, as the case may be, shall have been notified by the Borrower or any other Creditor party in the manner set forth in the preceding sentence of any Event of Default or of any Default, the Facility Agent or the Security Trustee, as the case may be, shall promptly notify the other Creditors Lenders and shall take action and assert such rights and/or advise the Security Trustee to take such action or assert such rights under this Agreement and the other Loan Transaction Documents as the Majority Lenders shall request in writing.

Assumption re Event of Default. Except as otherwise provided in Section 14.1515.15, the Facility Agent and the Security Trustee, as the case may be, shall each be entitled to assume that no Event of Default or Default has occurred and is continuing, unless the Facility Agent or the Security Trustee, as the case may be, has been notified by the Borrower of such fact, fact or has been notified by a Creditor Lender that such Creditor Lender considers that an Event of Default or Default such an event (specifying in detail the nature thereof) has occurred and is continuing. In the event that the Facility Agent or the Security Trustee, as the case may be, shall have been notified by the Borrower or any other Creditor party in the manner set forth in the preceding sentence of any Event of Default or of any Default, the Facility Agent or the Security Trustee, as the case may be, shall promptly notify the other Creditors Lenders and shall take action and assert such rights and/or advise the Security Trustee to take such action or assert such rights under this Agreement and the other Loan Transaction Documents as the Majority Lenders shall request in writing.