Common use of Default Notices Clause in Contracts

Default Notices. (i) As soon as practicable, and in any event within five Business Days after a Responsible Officer of any Borrower has actual knowledge of the existence of any Default, Event of Default or other event having had a Material Adverse Effect or having any reasonable likelihood of causing or resulting in a Material Adverse Change, the U.S. Borrower shall give the Administrative Agent notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given by telephone, shall be promptly confirmed in writing on the next Business Day; and (ii) As soon as practicable, and in any event within five Business Days after a Responsible Officer of any of the U.S. Borrower or any of its Material Subsidiaries has actual knowledge of the existence of any default under any Indebtedness of the U.S. Borrower or any such Subsidiary which is outstanding in a principal amount of at least $50,000,000 in the aggregate (but excluding Indebtedness evidenced by the Notes), the U.S. Borrower shall give the Administrative Agent notice specifying the nature of such default, including the anticipated effect thereof, which notice, if given by telephone, shall be promptly confirmed in writing on the next Business Day.

Default Notices. (i) As soon as practicable, and in any event within five (5) Business Days after a Responsible Officer responsible officer of any Borrower has actual knowledge of the existence of any Default, Event of Default or other event having had a Material Adverse Effect or having any reasonable likelihood of causing or resulting in a Material Adverse Change, the U.S. Borrower LiventArcadium shall give the Administrative Agent notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given by telephone, shall be promptly confirmed in writing on the next Business Day; and (ii) As soon as practicable, and in any event within five (5) Business Days after a Responsible Officer responsible officer of any of the U.S. Borrower or any of its Material respective Restricted Subsidiaries has actual knowledge of the existence of any default under any Indebtedness of the U.S. any Borrower or any such Subsidiary of its respective Restricted Subsidiaries which is outstanding in a principal amount of at least $50,000,000 25 million in the aggregate (but excluding Indebtedness evidenced by the Notes)aggregate, the U.S. Borrower Borrowers shall give the Administrative Agent notice specifying the nature of such default, including the anticipated effect thereof, which notice, if given by telephone, shall be promptly confirmed in writing on the next Business Day.

Default Notices. (i) As soon as practicable, and in any event within five (5) Business Days after a Responsible Officer responsible officer of any Borrower has actual knowledge of the existence of any Default, Event of Default or other event having had a Material Adverse Effect or having any reasonable likelihood of causing or resulting in a Material Adverse Change, the U.S. Borrower Livent shall give the Administrative Agent notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given by telephone, shall be promptly confirmed in writing on the next Business Day; and and (ii) As soon as practicable, and in any event within five (5) Business Days after a Responsible Officer responsible officer of any of the U.S. Borrower or any of its Material respective Restricted Subsidiaries has actual knowledge of the existence of any default under any Indebtedness of the U.S. any Borrower or any such Subsidiary of its respective Restricted Subsidiaries which is outstanding in a principal amount of at least $50,000,000 25 million in the aggregate (but excluding Indebtedness evidenced by the Notes)aggregate, the U.S. Borrower Borrowers shall give the Administrative Agent notice specifying the nature of such default, including the anticipated effect thereof, which notice, if given by telephone, shall be promptly confirmed in writing on the next Business Day.

Default Notices. (i) As soon as practicable, and in any event within five (5) Business Days after a Responsible Officer responsible officer of any Borrower has actual knowledge of the existence of any Default, Event of Default or other event having had a Material Adverse Effect or having any reasonable likelihood of causing or resulting in a Material Adverse Change, the U.S. Borrower Livent shall give the Administrative Agent notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given by telephone, shall be promptly confirmed in writing on the next Business Day; and (ii) As soon as practicable, and in any event within five (5) Business Days after a Responsible Officer responsible officer of any of the U.S. Borrower or any of its Material respective Restricted Subsidiaries has actual knowledge of the existence of any default under any Indebtedness of the U.S. any Borrower or any such Subsidiary of its respective Restricted Subsidiaries which is outstanding in a principal amount of at least $50,000,000 25 million in the aggregate (but excluding Indebtedness evidenced by the Notes)aggregate, the U.S. Borrower Borrowers shall give the Administrative Agent notice specifying the nature of such default, including the anticipated effect thereof, which notice, if given by telephone, shall be promptly confirmed in writing on the next Business Day.

Default Notices. (i) As soon as practicable, and in any event within five Business Days after a Responsible Officer of any Borrower has actual knowledge of the existence of any Default, Event of Default or other event having had a Material Adverse Effect or having any reasonable likelihood of causing or resulting in a Material Adverse Change, the U.S. Borrower shall give the Administrative Agent notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given by telephone, shall be promptly confirmed in writing on the next Business Day; and, (ii) As soon as practicable, and in any event within five Business Days after a Responsible Officer of any of the U.S. Borrower or any of its Material Subsidiaries has actual knowledge of the existence of any default under any Indebtedness of the U.S. Borrower or any such Subsidiary which is outstanding in a principal amount of at least $50,000,000 in the aggregate (but excluding Indebtedness evidenced by the Notes), the U.S. Borrower shall give the Administrative Agent notice specifying the nature of such default, including the anticipated effect thereof, which notice, if given by telephone, shall be promptly confirmed in writing on the next Business Day.