Common use of Certificate of Default or Event of Default Clause in Contracts

Certificate of Default or Event of Default. Within 30 days after a Default occurs, the Company will deliver to the Trustee an Officers’ Certificate describing such Default, its status and a description, in reasonable detail, of what action the Company is taking or proposes to take with respect to such Default. The Trustee shall not be deemed to have notice of any Default unless a Trust Officer has received written notice of any event which is in fact such a Default at its Corporate Trust Office, and such notice references the Notes and this Indenture.

Appears in 3 contracts

Samples: First Supplemental Indenture (Par Technology Corp), Indenture (Par Technology Corp), Indenture (Par Technology Corp)

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Certificate of Default or Event of Default. Within 30 days after a Default occurs, the Company will deliver to the Trustee an Officers’ Certificate describing such Default, its status and a description, in reasonable detail, of what action the Company is taking or proposes to take with respect to such Default. The Trustee shall not be deemed to have notice of any Default unless a Trust Officer has received written notice of any event which is in fact such a Default at its Corporate Trust Office, and such notice references the Notes and this Indenture.

Appears in 2 contracts

Samples: Indenture (GAIN Capital Holdings, Inc.), Indenture (GAIN Capital Holdings, Inc.)

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Certificate of Default or Event of Default. Within 30 days after a Default occurs, the Company will deliver to the Trustee an Officers' Certificate describing such Default, its status and a description, in reasonable detail, of what action the Company is taking or proposes to take with respect to such Default. The Trustee shall not be deemed to have notice of any Default unless a Trust Officer has received written notice of any event which is in fact such a Default at its Corporate Trust Office, and such notice references the Notes and this Indenture.

Appears in 1 contract

Samples: Indenture (Ultrapetrol Bahamas LTD)

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