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 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: Revolving Credit and Guaranty Agreement (Ntelos Inc), Credit Agreement (Panamerican Beverages Inc), Credit Agreement (Panamerican Beverages Inc)

AutoNDA by SimpleDocs

Default Notice. As soon as possible and in any event within two five business days after the Borrower obtains knowledge of the occurrence of each Default continuing on the date of such statement, a statement of the chief financial officer of the Borrower setting forth details the nature of such Default and the action that the Borrower has taken and and/or proposes to take with respect thereto.

Appears in 2 contracts

Samples: Loan Agreement (International Mezzanine Investment N V), Loan Agreement (Iac Holdings Corp)

Default Notice. As soon as possible and in any event within two 5 days after the occurrence of each Default continuing on the date of such statementDefault, a statement of the chief financial an 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 (Azurix Corp)

Default Notice. As soon as possible and in any event within two days after the occurrence of each Default continuing on the date of such statementDefault, 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 (Madison River Capital LLC)

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

Appears in 1 contract

Samples: Credit Agreement (International Rectifier Corp /De/)

Default Notice. As soon as possible and in any event within two days after the occurrence of each Default 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 (Americhoice Corp)

Default Notice. As soon promptly as possible and but in any event within two 5 calendar days after knowledge by a Responsible Officer of the Borrower of the occurrence of each any Default 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: Senior Secured Credit Facility (Excel Maritime Carriers LTD)

Default Notice. As soon as possible and in any event within two -------------- days after the occurrence of each Default 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 (CFW Communications Co)

Default Notice. As soon as possible and in any event within two days ten (10) Business Days after the occurrence of each any Default 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 or proposes to take with respect thereto.

Appears in 1 contract

Samples: Convertible Revolving Credit Agreement (OBITX, Inc.)

Default Notice. As soon as possible and in any event within two days after the occurrence Borrower or the Guarantor becomes of each aware that any Default has occurred and such Default is 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 (Imc Global Inc)

AutoNDA by SimpleDocs

Default Notice. As soon as possible and in any event within two days after the occurrence of each Default Event of Default, as defined below, continuing on the date of such statement, a statement of the chief financial officer of the Borrower setting forth the details of such Event of Default and the action that the Borrower has taken and proposes to take with respect thereto.

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (Romarco Minerals Inc)

Default Notice. As soon as possible and in any event within --------------- two days after the actual knowledge of the occurrence of each Default 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 (Panolam Industries Inc)

Default Notice. As soon as possible and in any event within two days ten Business Days after the occurrence of each any Default 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 or proposes to take with respect thereto.

Appears in 1 contract

Samples: Revolving Credit Agreement (Alternative Construction Company, Inc.)

Default Notice. As soon as possible and in any event within two days after the occurrence of each Default continuing on the date of such statement, a statement of the chief financial officer or treasurer 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: Revolving Credit Agreement (Foodmaker Inc /De/)

Default Notice. As soon as possible and in any event within two days -------------- Business Days after the occurrence of each Default 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: Loan Agreement (National Golf Properties Inc)

Default Notice. As soon as possible and in any event within two days after the occurrence of each Default continuing on the date of such statement, the Borrower shall furnish to the Lenders a statement of the its 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 (Panamerican Beverages Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!