Default Notice Of Loan. The Servicer shall notify the Sponsor and the relevant Borrower of a Loan Payment Default within fifteen (15) days following the occurrence thereof and of any other Loan Default in accordance with the terms of the Servicing Agreement.
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Samples: Loan Facility Agreement and Guaranty (Ruby Tuesday Inc), Loan Facility Agreement and Guaranty (Ruby Tuesday Inc), Loan Facility Agreement and Guaranty (Ruby Tuesday Inc)
Default Notice Of Loan. The Servicer shall notify the Sponsor Borrower and the relevant Franchisee Borrower of a Franchisee Loan Payment Default within fifteen (15) days following the occurrence thereof and of any other Franchisee Loan Default in accordance with the terms of the Servicing Agreement.
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