Common use of Default Notice Clause in Contracts

Default Notice. As soon as possible and in any event within two days after the occurrence of each Default or any event, development or occurrence reasonably likely to have a Material Adverse Effect continuing on the date of such statement, a statement of the chief financial officer of the Borrower setting forth details of such Default and the action that the Borrower has taken and proposes to take with respect thereto.

Appears in 17 contracts

Samples: Credit Agreement (Steel Dynamics Inc), Credit Agreement (Steel Dynamics Inc), Credit Agreement (Steel Dynamics Inc)

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Default Notice. As soon as possible and in any event within two days Business Days after the occurrence of each Default or any event, development or occurrence reasonably likely to have a Material Adverse Effect continuing on the date of such statement, a statement of the chief financial officer Chief Financial Officer of the Borrower setting forth details of such Default Default, or such event, development or occurrence, and the action that the Borrower has taken and proposes to take with respect thereto.

Appears in 9 contracts

Samples: Credit Agreement (Cracker Barrel Old Country Store, Inc), Credit Agreement (Cracker Barrel Old Country Store, Inc), Credit Agreement (Cracker Barrel Old Country Store, Inc)

Default Notice. As soon as possible and in any event within two days three (3) Business Days after the occurrence of each Default or any event, development or occurrence reasonably likely to have a Material Adverse Effect continuing on the date of such statement, a statement of the chief financial officer of the Borrower setting forth details of such Default and the action that the Borrower has taken and proposes to take with respect thereto.

Appears in 5 contracts

Samples: Credit Agreement (Grubb & Ellis Co), Credit Agreement (Grubb & Ellis Co), Credit Agreement (Grubb & Ellis Co)

Default Notice. As soon as possible and in any event within two days three Business Days after the occurrence of each Default or any event, development or occurrence reasonably likely to have a Material Adverse Effect continuing on the date of such statement, a statement of the chief financial officer of the Borrower Chief Financial Officer setting forth details of such Default or such event, development or occurrence and the action that the Borrower has taken and proposes to take with respect thereto.

Appears in 5 contracts

Samples: Credit Agreement (Esterline Technologies Corp), Credit Agreement (Esterline Technologies Corp), Credit Agreement (Esterline Technologies Corp)

Default Notice. As soon as possible and in any event within two days after the occurrence of each Default or any event, development or occurrence which, in the Borrower’s reasonable judgment, has had, or would reasonably likely be expected to have have, a Material Adverse Effect continuing on the date of such statement, a statement of the chief financial officer Financial Officer of the Borrower setting forth details of such Default and the action that the Borrower has taken and proposes to take with respect thereto.

Appears in 4 contracts

Samples: Second Lien Credit Agreement (Dynegy Inc /Il/), First Lien Credit Agreement (Dynegy Inc /Il/), First Lien Letter of Credit Facility Agreement (Dynegy Inc /Il/)

Default Notice. As soon as possible and in any event within two days after any officer of the occurrence Borrower or Holdings obtains knowledge of each any Default or any event, development or occurrence reasonably likely to have a Material Adverse Effect continuing on the date of such statement, a statement of the chief financial officer of the Borrower a Designated Financial Officer setting forth details of such Default Default, event, development or occurrence and the action that the Borrower has taken and proposes to take with respect thereto.

Appears in 4 contracts

Samples: Credit Agreement (Amf Bowling Inc), Credit Agreement (Amf Group Inc), Credit Agreement (Amf Group Inc)

Default Notice. As soon as possible and in any event within two days (2) Business Days after any Financial Officer of the Borrower becomes aware of the occurrence of each Default or any event, development or occurrence that could reasonably likely be expected to have a Material Adverse Effect continuing on the date of such statement, a statement of the chief financial officer Financial Officer of the Borrower setting forth details of such Default or event, development or occurrence and the action that the Borrower has taken and proposes to take with respect thereto.

Appears in 4 contracts

Samples: Credit Agreement (Td Ameritrade Holding Corp), Credit Agreement (Td Ameritrade Holding Corp), Credit Agreement (Td Ameritrade Holding Corp)

Default Notice. As soon as possible and in any event within two days Business Days after the occurrence of each Default or any event, development or occurrence reasonably likely to have a Material Adverse Effect continuing on the date of such statement, a statement of the chief financial officer Chief Financial Officer of the Borrower setting forth details of such Default and the action that the Borrower has taken and proposes to take with respect thereto.

Appears in 4 contracts

Samples: 364 Day Revolving Credit Agreement (Greater Bay Bancorp), Revolving Credit Agreement (Greater Bay Bancorp), Credit Agreement (Greater Bay Bancorp)

Default Notice. As soon as possible and in any event within two days Business Days after the occurrence of each Default or any event, development or occurrence reasonably likely to have a Material Adverse Effect continuing on the date of such statement, a statement of the chief financial officer Responsible Officer of the Borrower setting forth details of such Default and the action that the Borrower has taken and proposes to take with respect thereto.

Appears in 3 contracts

Samples: Credit Agreement (Trump Entertainment Resorts, Inc.), Credit Agreement (Trump Entertainment Resorts Holdings Lp), Credit Agreement (Trump Entertainment Resorts Holdings Lp)

Default Notice. As soon as possible and in any event within two days after the occurrence of each Default or any event, development or occurrence reasonably likely to have a Material Adverse Effect continuing on the date of such statement, a statement of the chief financial officer Chief Financial Officer of the Borrower setting forth details of such Default or any such event, development or occurrence and the action that the Borrower has taken and proposes to take with respect thereto.

Appears in 3 contracts

Samples: Credit Agreement (Itc Deltacom Inc), Credit Agreement (Itc Deltacom Inc), Credit Agreement (Itc Deltacom Inc)

Default Notice. As soon as possible and in any event within two days after the occurrence of each Default or any event, development or occurrence reasonably likely to have a Material Adverse Effect continuing on the date of such statement, a statement of the chief financial officer of the Borrower setting forth details of such Default or event and the action that the Borrower has taken and proposes to take with respect thereto.

Appears in 2 contracts

Samples: Term Loan Agreement (Open Solutions Inc), Credit Agreement (Open Solutions Inc)

Default Notice. As soon as possible and in any event within two days Business Days after obtaining knowledge of the occurrence of each Default or any event, development or occurrence reasonably likely to have a Material Adverse Effect continuing on the date of such statement, a statement of the chief financial officer Chief Financial Officer of the Borrower setting forth details of such Default and the action that the Borrower has taken and proposes to take with respect thereto.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (Agilent Technologies Inc)

Default Notice. As soon as possible and in any event within two days after the Borrower’s knowledge of the occurrence of each Default or any event, development or occurrence reasonably likely to have a Material Adverse Effect continuing on the date of such statement, a statement of the chief financial officer Chief Financial Officer of the Borrower setting forth details of such Default and the action that the Borrower has taken and proposes to take with respect thereto.

Appears in 2 contracts

Samples: Second Lien Credit Agreement (Landrys Restaurants Inc), First Lien Credit Agreement (Landrys Restaurants Inc)

Default Notice. As soon as possible and in any event within two days after any Borrower has or should have had knowledge of the occurrence of each Default or any event, development or occurrence reasonably likely to have a Material Adverse Effect continuing on the date of such statement, a statement of the chief financial officer of the Applicable Borrower setting forth details of such Default and the action that the such Borrower has taken and proposes to take with respect thereto.

Appears in 2 contracts

Samples: Credit Agreement (Maguire Properties Inc), Credit Agreement (Maguire Properties Inc)

Default Notice. As soon as possible and in any event within two days Business Days after the occurrence of each any Default or any event, development or occurrence reasonably likely to have a Material Adverse Effect material adverse effect continuing on the date of such statement, a statement of the chief financial officer of the Borrower setting forth details of such Default occurrence, and the action that the Borrower has taken and proposes to take with respect thereto.

Appears in 1 contract

Samples: Credit Agreement (Canadian Satellite Radio Holdings Inc.)

Default Notice. As soon as possible and in any event within two -------------- days after the occurrence of each Default or any event, development or occurrence reasonably likely to have a Material Adverse Effect continuing on the date of such statement, a statement of the chief financial officer of the Borrower setting forth details of such Default and the action that the such Borrower has taken and proposes to take with respect thereto.

Appears in 1 contract

Samples: Credit Agreement (Glenoit Asset Corp)

Default Notice. As soon as possible and in any event within two days after the occurrence of each Default or any event, development or occurrence reasonably likely to have a Material Adverse Effect continuing on the date of such statement, a statement of the chief financial officer Chief Financial Officer (or other Responsible Officer) of the Borrower Parties setting forth details of such Default or such event, development or occurrence and the action that the Borrower has Parties have taken and proposes propose to take with respect thereto.

Appears in 1 contract

Samples: Term Credit Agreement (FelCor Lodging Trust Inc)

Default Notice. As soon as possible and in any event within two days after the occurrence of each Default or any event, development or occurrence that is reasonably likely to have a Material Adverse Effect continuing on the date of such statement, a statement of the chief financial officer of the Borrower setting forth details of such Default and the action that the Borrower has taken and proposes to take with respect thereto.

Appears in 1 contract

Samples: Credit Agreement (Afa Products Inc)

Default Notice. As soon as possible and in any event within two -------------- days after the occurrence of each Default or any event, development or occurrence reasonably likely to have a Material Adverse Effect continuing on the date of such statement, a statement of the chief financial officer of the Borrower setting forth details of such Default and the action that the Borrower has taken and proposes to take with respect thereto.

Appears in 1 contract

Samples: Credit Agreement (Ein Acquisition Corp)

Default Notice. As soon as possible and in any event within ______________ two days after the occurrence of each Default or any event, development develop- ment or occurrence reasonably likely to have a Material Adverse Effect continuing on the date of such statement, a statement of the chief financial officer of the Borrower setting forth details of such Default and the action that the Borrower has taken and proposes to take with respect thereto.

Appears in 1 contract

Samples: Credit Agreement (Cdsi Acquisition Corp)

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Default Notice. As soon as possible and in any event within two days after the occurrence of each Default or any event, development or occurrence reasonably likely to have a Material Adverse Effect continuing on the date of such statement, a statement of the chief financial officer a Responsible Officer of the Borrower setting forth details of such Default and the action that the Borrower has taken and proposes to take with respect thereto.

Appears in 1 contract

Samples: Credit Agreement (Cheniere Energy Inc)

Default Notice. As soon as possible and in any event within two days Business Days after the occurrence of each Default or any event, development or occurrence reasonably likely to have a Material Adverse Effect continuing on the date of such statement, a statement of the chief financial officer of the Borrower setting forth details of such Default or such event, development or occurrence and the action that the Borrower has taken and proposes to take with respect thereto.

Appears in 1 contract

Samples: Credit Agreement (Hexacomb CORP)

Default Notice. As soon as possible and in any event within two days after the Borrower or any of its Subsidiaries becomes aware of the occurrence of each Default or any event, development or occurrence reasonably likely to have a Material Adverse Effect continuing on the date of such statement, a statement of the chief financial officer of the Borrower setting forth details of such Default and the action that the Borrower has taken and proposes to take with respect thereto.

Appears in 1 contract

Samples: Credit Agreement (Sovereign Specialty Chemicals Inc)

Default Notice. As soon as possible and in any event within two -------------- days after the occurrence of each Default or any event, development or occurrence reasonably likely to have a Material Adverse Effect continuing on the date of such statement, a statement of the chief financial officer of the Borrower setting forth details of such Default Default, event, development or occurrence and the action that the Borrower has taken and proposes to take with respect thereto.

Appears in 1 contract

Samples: Credit Agreement (Motorola Inc)

Default Notice. As soon as possible and in any event within two -------------- days after any officer of the occurrence Borrower or Holdings obtains knowledge of each any Default or any event, development or occurrence reasonably likely to have a Material Adverse Effect continuing on the date of such statement, a statement of the chief financial officer of the Borrower a Designated Financial Officer setting forth details of such Default Default, event, development or occurrence and the action that the Borrower has taken and proposes to take with respect thereto.

Appears in 1 contract

Samples: Credit Agreement (Amf Bowling Worldwide Inc)

Default Notice. As soon as possible and in any event within two days after the occurrence of each Default or any event, development or occurrence reasonably likely to have a Material Adverse Effect continuing on the date of such statement, a statement of the chief financial officer of the Borrower setting forth details of such Default Default, event, development or occurrence and the action that the Borrower has taken and proposes to take with respect thereto.

Appears in 1 contract

Samples: Credit Agreement (Carlyle Industries Inc)

Default Notice. As soon as possible and in any event within two days -------------- after the occurrence of each Default or any event, development or occurrence that is reasonably likely to have a Material Adverse Effect with respect to any Loan Party or any Lender Party continuing on the date of such statement, a statement of the chief financial officer of the Borrower setting forth details of such Default and the action that the Borrower has taken and proposes to take with respect thereto.

Appears in 1 contract

Samples: Credit Agreement (PHP Healthcare Corp)

Default Notice. As soon as possible and in any event within two days after the Domestic Borrower or any of its Subsidiaries becomes aware of the occurrence of each Default or any event, development or occurrence reasonably likely to have a Material Adverse Effect continuing on the date of such statement, a statement of the chief financial officer of the Domestic Borrower setting forth details of such Default and the action that the Domestic Borrower has taken and proposes to take with respect thereto.

Appears in 1 contract

Samples: Credit Agreement (Tanner Chemicals Inc)

Default Notice. As soon as possible and in any event within two days after the occurrence of each Default or any event, development or occurrence reasonably likely to have a Material Adverse Effect continuing on the date of such statement, a statement of the chief financial officer Chief Financial Officer of the Borrower setting forth details of such Default and the action that the Borrower has taken and proposes to take with respect thereto.

Appears in 1 contract

Samples: Credit Agreement (Landrys Restaurants Inc)

Default Notice. As soon as possible and in any event within two days after the occurrence of each Default or any event, development or occurrence reasonably likely to have a Material Adverse Effect continuing on the date of such statement, a statement of the chief financial officer of the Borrower Parent setting forth details of such Default and the action that the Parent and the Borrower has have taken and proposes to take with respect thereto.

Appears in 1 contract

Samples: Credit Agreement (Servico Market Center Inc)

Default Notice. As soon as possible and in any event -------------- within two Business days after the occurrence of each Default or any event, development or occurrence reasonably likely to have a Material Adverse Effect continuing on the date of such statement, a statement of the chief financial an authorized officer of the Borrower setting forth details of such Default and the action that the Borrower has taken and proposes to take with respect thereto.

Appears in 1 contract

Samples: Senior Secured Priming Debtor in Possession Credit Agreement (Amf Bowling Worldwide Inc)

Default Notice. As soon as possible and in any event within two days after the occurrence of each Default or any event, development or occurrence reasonably likely to have a Material Adverse Effect continuing on the date of such statement, a statement of the chief financial officer of the Borrower setting forth details of such Default or any such event, development or occurrence and the action that the Borrower has taken and proposes to take with respect thereto.

Appears in 1 contract

Samples: Credit Agreement (Itc Deltacom Inc)

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