Default Disclosure. The Company shall forthwith, upon a Responsible Officer of the Company obtaining knowledge of an Event of Default or Default, promptly deliver to each Lender a Certificate of a Responsible Officer specifying the nature and period of existence thereof and what action the Company proposes to take with respect thereto.
Appears in 3 contracts
Samples: Loan Agreement (Ugly Duckling Corp), Loan Agreement (Cygnet Financial Corp), Loan Agreement (Ugly Duckling Corp)
Default Disclosure. The Company shall forthwith, upon a Responsible Officer of the Company obtaining knowledge of an Event of Default or Default, promptly deliver to each Lender a Certificate of a Responsible Officer specifying the nature and period of existence thereof and what action the Company proposes to take with respect thereto.
Appears in 3 contracts
Samples: Loan Agreement (Ugly Duckling Corp), Loan Agreement (Garcia Ernest C Ii), Loan Agreement (Garcia Ernest C Ii)
