Common use of Borrower Acknowledgement Clause in Contracts

Borrower Acknowledgement. The Borrower acknowledges and agrees that the occurrence of an Event of Default shall be a breach of condition which the Lenders are entitled to treat as a repudiation by the Borrower of this Agreement and the Facility Agent (on behalf of the Lenders) shall be entitled to give a notice to the Borrower in accordance with clause 11.3 below.

Appears in 3 contracts

Samples: Project Loan Agreement, Agreement (QGOG Constellation S.A.), Project Loan Agreement (QGOG Constellation S.A.)

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Borrower Acknowledgement. The Borrower acknowledges and agrees that the occurrence of an Event of Default shall be a breach of condition which the Lenders Banks are entitled to treat as a repudiation by the Borrower of this Agreement and the Facility Bank Agent (on behalf of the LendersBanks) shall be entitled to give a notice to the Borrower in accordance with clause 11.3 below.

Appears in 2 contracts

Samples: Loan Agreement, Agreement (QGOG Constellation S.A.)

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