Event of Termination. As soon as reasonably practicable and in any event within two (2) Business Days after any Responsible Officer of the Borrower obtains knowledge of the occurrence of each Event of Termination or Incipient Event of Termination (if such Incipient Event of Termination is continuing on the date of such notice), the statement of a Responsible Officer of the Borrower setting forth the details of such Event of Termination or Incipient Event of Termination and the action which the Borrower is taking or proposes to take with respect thereto.
Appears in 18 contracts
Samples: Loan and Servicing Agreement (Drivetime Automotive Group Inc), Loan and Servicing Agreement (Drivetime Automotive Group Inc), Loan and Servicing Agreement (DT Acceptance Corp)
Event of Termination. As soon as reasonably practicable and in any event within two three (23) Business Days after any Responsible Officer of the Borrower obtains knowledge of the occurrence of each Advance Suspension Event, Event of Termination or Incipient Potential Event of Termination (if such Incipient Advance Suspension Event or Potential Event of Termination is continuing on the date of such notice), the statement of a Responsible Officer of the Borrower setting forth the details of such Advance Suspension Event, Event of Termination or Incipient Potential Event of Termination and the action which the Borrower is taking or proposes to take with respect thereto.
Appears in 5 contracts
Samples: Receivables Loan and Servicing Agreement (NRG Energy, Inc.), Receivables Loan and Servicing Agreement (NRG Energy, Inc.), Receivables Loan and Servicing Agreement (NRG Energy, Inc.)
Event of Termination. As soon as reasonably practicable and in any event within two three (23) Business Days after any Responsible Officer of the Borrower obtains knowledge of the occurrence of each Event of Termination or Incipient Event of Termination (if such Incipient Event of Termination is continuing on the date of such notice), the statement of a Responsible Officer of the Borrower setting forth the details of such Event of Termination or Incipient Event of Termination and the action which the Borrower is taking or proposes to take with respect thereto.
Appears in 3 contracts
Samples: Loan and Servicing Agreement (Tampa Electric Co), Loan and Servicing Agreement (Teco Energy Inc), Loan and Servicing Agreement (Sherwin Williams Co)
Event of Termination. As soon as reasonably practicable and in any event within two (2) five Business Days after any Responsible Officer of the Borrower obtains has actual knowledge of the occurrence of each Event of Termination or Incipient each event which, with the giving of notice or lapse of time or both, would constitute an Event of Termination (if such Incipient Event of Termination is continuing on the date of such notice)Termination, the statement of a Responsible Officer the chief financial officer, chief accounting officer or treasurer of the Borrower setting forth the details of such Event of Termination or Incipient Event of Termination event and the action which the Borrower is taking or proposes to take with respect thereto.
Appears in 1 contract
