Common use of Defaults; Events of Default Clause in Contracts

Defaults; Events of Default. Promptly upon any Responsible Officer obtaining knowledge (i) of any condition or event which constitutes an Event of Default or Default, the Borrower shall deliver to the Administrative Agent an Officer’s Certificate specifying (A) the nature and period of existence of any such claimed default, Event of Default, Default, condition or event, (B) the notice given or action taken by such Person in connection therewith and (C) what action such Credit Party has taken, is and proposes to take with respect thereto.

Appears in 2 contracts

Samples: Senior Secured Credit Agreement (Oppenheimer Holdings Inc), Subordinated Credit Agreement (Oppenheimer Holdings Inc)

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Defaults; Events of Default. Promptly upon any Responsible Authorized Officer obtaining knowledge (i) of any condition or event which constitutes an Event of Default or Default, the Borrower each Credit Party shall deliver to the Administrative Agent, the Revolving Agent and the Documentation Agent an Officer’s Certificate specifying (Aa) the nature and period of existence of any such claimed default, Event of Default, Default, condition or event, (B) the notice given or action taken by such Person in connection therewith and (Cb) what action such Credit Party has taken, is and proposes to take with respect thereto.

Appears in 2 contracts

Samples: Credit Agreement (Global Power Equipment Group Inc/), Credit Agreement (Global Power Equipment Group Inc/)

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Defaults; Events of Default. Promptly upon any Responsible Authorized Officer obtaining knowledge (i) of any condition or event which constitutes an Event of Default or Default, the Borrower each Credit Party shall deliver to the Administrative Agent and Revolving Agent an Officer’s Certificate specifying (Aa) the nature and period of existence of any such claimed default, Event of Default, Default, condition or event, (Bb) the notice given or action taken by such Person in connection therewith and (Cc) what action such Credit Party has taken, is and proposes to take with respect thereto.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Silicon Graphics Inc)

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