Common use of Events of Default, Etc Clause in Contracts

Events of Default, Etc. promptly upon any Responsible Officer ----------------------- of ChipPAC or Company obtaining knowledge (a) of any condition or event that constitutes a Default or an Event of Default, or becoming aware that any Lender has given any notice (other than to the Administrative Agent) or taken any other action with respect to a claimed Default or Event of Default, (b) that any Person has given any notice to ChipPAC or any of its Subsidiaries or taken any other action with respect to a claimed default or event or condition of the type referred to in subsection 8.2, or (c) of the occurrence of any event or change that has caused or evidences or could be reasonably expected to cause, either in any case or in the aggregate, a Material Adverse Effect, an Officer's Certificate specifying the nature and period of existence of such condition, event or change, or specifying the notice given or action taken by any such Person and the nature of such claimed Default, Event of Default, default, event or condition, and what action ChipPAC (or applicable Subsidiary) has taken, is taking and proposes to take with respect thereto;

Events of Default, Etc. promptly upon any Responsible Officer ----------------------- officer of ChipPAC or Company Borrowers obtaining knowledge (a) of any condition or event that constitutes a an Event of Default or an Potential Event of Default, or becoming aware that any Lender has given any notice (other than to the Administrative Agent) or taken any other action with respect to a claimed Event of Default or Potential Event of Default, (b) that any Person has given any notice to ChipPAC or any of its Borrowers and their Subsidiaries or taken any other action with respect to a claimed default or event or condition of the type referred to in subsection 8.2, (c) of any condition or event that would be required to be disclosed in a current report filed by Borrowers with the Securities and Exchange Commission on Form 8-K (Items 1, 2, 4, 5 and 6 of such Form as in effect on the Closing Date) if Borrowers were required to file such reports under the Exchange Act, or (cd) of the occurrence of any event or change that has caused or evidences or could be reasonably expected to causeevidences, either in any case or in the aggregate, a Material Adverse Effect, an Officer's Officers' Certificate specifying the nature and period of existence of such condition, event or change, or specifying the notice given or action taken by any such Person and the nature of such claimed Event of Default, Potential Event of Default, default, event or condition, and what action ChipPAC (or applicable Subsidiary) has Borrowers have taken, is are taking and proposes propose to take with respect thereto;

Events of Default, Etc. promptly upon any Responsible Officer ----------------------- officer of ChipPAC or Company Borrower obtaining knowledge (a) of any condition or event that constitutes a an Event of Default or an Potential Event of Default, or becoming aware that any Lender has given any notice (other than to the Administrative Agent) or taken any other action with respect to a claimed Event of Default or Potential Event of Default, (b) that any Person has given any notice to ChipPAC Borrower or any of its Subsidiaries or taken any other action with respect to a claimed default or event or condition of the type referred to in subsection 8.2, (c) of any resignation or dismissal of Borrower’s independent accountant, (d) of any Change in Control, (e) of any individual or series of related Asset Sales, issuances of Capital Stock or receipt of Net Insurance/Condemnation Proceeds aggregating in excess of $1,000,000, or (cf) of the occurrence of any event or change that has caused or evidences or could reasonably be reasonably expected to causeresult in, either in any case individually or in the aggregate, a Material Adverse Effect, an Officer's ’s Certificate specifying the nature and period of existence of such condition, event or change, or specifying the notice given or action taken by any such Person and the nature of such claimed Event of Default, Potential Event of Default, default, event or condition, and what action ChipPAC (or applicable Subsidiary) Borrower has taken, is taking and proposes to take with respect thereto;

Events of Default, Etc. promptly upon any Responsible Officer officer of Company ----------------------- of ChipPAC or Company obtaining knowledge (a) of any condition or event that constitutes a an Event of Default or an Potential Event of Default, or becoming aware that any Lender has given any notice to Company (other than to the Administrative Agent) or taken any other action with respect to a claimed Event of Default or Potential Event of Default, (b) that any Person has given any notice to ChipPAC Company or any of its Subsidiaries or taken any other action with respect to a claimed default or event or condition of the type referred to in subsection 8.2, (c) of any condition or event that would be required to be disclosed in a current report filed by Company with the Securities and Exchange Commission on Form 8-K (Items 1, 2, 4, 5 and 6 of such Form as in effect on the date hereof) if Company were required to file such reports under the Exchange Act, or (cd) of the occurrence of any event or change that has caused or evidences or could be reasonably expected to causeevidences, either in any case or in the aggregate, a Material Adverse Effect, an Officer's Certificate specifying the nature and period of existence of such condition, event or change, or specifying the notice given or action taken by any such Person and the nature of such claimed Event of Default, Potential Event of Default, default, event or condition, and what action ChipPAC (or applicable Subsidiary) Company has taken, is taking and proposes to take with respect thereto;; (x)

Events of Default, Etc. promptly upon any Responsible Executive Officer ----------------------- of ChipPAC Holdings or Company Borrower obtaining knowledge (a) of any condition or event that constitutes a an Event of Default or an Potential Event of Default, or becoming aware that any Lender has given any notice (other than to the Administrative Agent) or taken any other action with respect to a claimed Event of Default or Potential Event of Default, (b) that any Person has given any notice to ChipPAC Holdings or any of its Subsidiaries or taken any other action with respect to a claimed default or event or condition of the type referred to in subsection 8.28.2 that could reasonably be expected to have a Material Adverse Effect, (c) of any resignation or dismissal of Holdings’ independent accountant, (d) of any Change of Control or other event requiring a prepayment of principal on the Senior Notes or any Subordinated Indebtedness or causing an event of default thereunder, or (ce) of the occurrence of any event or change that has caused or evidences or could be reasonably expected to causeevidences, either in any case or in the aggregate, a Material Adverse Effect, an Officer's Officers’ Certificate specifying the nature and period of existence of such condition, event or change, or specifying the notice given or action taken by any such Person and the nature of such claimed Event of Default, Potential Event of Default, default, event or condition, and what action ChipPAC (or applicable Subsidiary) Borrower has taken, is taking and proposes to take with respect thereto;

Events of Default, Etc. promptly upon any Responsible Senior Officer ----------------------- of ChipPAC any General Partner or Company any Executive Committee member obtaining knowledge knowledge, but in no case later than concurrently with each delivery of financial statements of Borrower pursuant to subdivisions (ii) and (iii) above, (a) of any condition or event that constitutes a Default or an Event of Default or Default, or becoming aware that any Lender has given any notice (other than to the Administrative Agent) or taken any other action with respect to a claimed Event of Default or Event of Default, (b) that any Person has given any notice to ChipPAC Borrower or any of its Subsidiaries or taken any other action with respect to a claimed default or event or condition of the type referred to in subsection Section 8.2, or (c) of the occurrence of any event or change that has caused or evidences or could be reasonably expected to causeevidences, either in any case or in the aggregate, a Material Adverse Effect, or (d) that any Gaming Board has indicated its intent to consider or act upon a License Revocation or a fine or penalty of $1,000,000 or more with respect to Borrower or any of its Subsidiaries, an Officer's Officers’ Certificate specifying the nature and period of existence of such condition, event or change, or specifying the notice given or action taken by any such Person and the nature of such claimed Event of Default, Event of Default, default, event or condition, and what action ChipPAC (or applicable Subsidiary) Borrower has taken, is taking and proposes to take with respect thereto;

Events of Default, Etc. promptly upon any Responsible Officer officer of Company ----------------------- of ChipPAC or Company obtaining knowledge (a) of any condition or event that constitutes a an Event of Default or an Potential Event of Default, or becoming aware that any Lender has given any notice to Company (other than to the Administrative Agent) or taken any other action with respect to a claimed Event of Default or Potential Event of Default, (b) that any Person has given any notice to ChipPAC Company or any of its Subsidiaries or taken any other action with respect to a claimed default or event or condition of the type referred to in subsection 8.2, (c) of any condition or event that would be required to be disclosed in a current report filed by Company with the Securities and Exchange Commission on Form 8-K (Items 1, 2, 4, 5 and 6 of such Form as in effect on the date hereof) if Company were required to file such reports under the Exchange Act, or (cd) of the occurrence of any event or change that has caused or evidences or could be reasonably expected to causeevidences, either in any case or in the aggregate, a Material Adverse Effect, an Officer's Certificate specifying the nature and period of existence of such condition, event or change, or specifying the notice given or action taken by any such Person and the nature of such claimed Event of Default, Potential Event of Default, default, event or condition, and what action ChipPAC (or applicable Subsidiary) Company has taken, is taking and proposes to take with respect thereto;

Events of Default, Etc. promptly upon any Responsible Executive Officer ----------------------- of ChipPAC or Company Borrowers obtaining knowledge (a) of any condition or event that constitutes a an Event of Default or an Potential Event of Default, or becoming aware that any Lender has given any notice (other than to the Administrative Agent) or taken any other action with respect to a claimed Event of Default or Potential Event of Default, (b) that any Person has given any notice to ChipPAC Borrowers or any of its their Subsidiaries or taken any other action with respect to a claimed default or event or condition of the type referred to in subsection 8.28.2 that could reasonably be expected to have a Material Adverse Effect, (c) of any resignation or dismissal of Borrowers' independent accountant, (d) of any Change of Control or other event requiring a prepayment of principal on the Senior Notes or any Subordinated Indebtedness or causing an event of default thereunder, or (ce) of the occurrence of any event or change that has caused or evidences or could be reasonably expected to causeevidences, either in any case or in the aggregate, a Material Adverse Effect, an Officer's Officers' Certificate specifying the nature and period of existence of such condition, event or change, or specifying the notice given or action taken by any such Person and the nature of such claimed Event of Default, Potential Event of Default, default, event or condition, and what action ChipPAC (or applicable Subsidiary) has Borrowers have taken, is are taking and proposes propose to take with respect thereto;

Events of Default, Etc. promptly upon any Responsible Officer ----------------------- officer of ChipPAC or Company Borrower obtaining knowledge (a) of any condition or event that constitutes a an Event of Default or an Potential Event of Default, or becoming aware that any Lender has given any notice (other than to the Administrative Agent) or taken any other action with respect to a claimed Event of Default or Potential Event of Default, (b) that any Person has given any notice to ChipPAC Borrower or any of its Subsidiaries or taken any other action with respect to a claimed default or event or condition of the type referred to in subsection 8.2, (c) of any condition or event that would be required to be disclosed in a current report filed by Borrower with the Securities and Exchange Commission on Form 8-K (Items 1, 2, 4 and 6 of such Form as in effect on the date hereof) if Borrower were required to file such reports under the Exchange Act, or (cd) of the occurrence of any event or change that has caused or evidences or could be reasonably expected to causeevidences, either in any case or in the aggregate, a Material Adverse Effect, an Officer's Officers' Certificate specifying the nature and period of existence of such condition, event or change, or specifying the notice given or action taken by any such Person and the nature of such claimed Event of Default, Potential Event of Default, default, event or condition, and what action ChipPAC (or applicable Subsidiary) Borrower has taken, is taking and proposes to take with respect thereto;

Events of Default, Etc. promptly upon any Responsible Officer ----------------------- officer of ChipPAC or Company Borrower obtaining knowledge (a) of any condition or event that constitutes a an Event of Default or an Potential Event of Default, or becoming aware that any Lender has given any notice (other than to the Administrative Agent) or taken any other action with respect to a claimed Event of Default or Potential Event of Default, (b) that any Person has given any notice to ChipPAC Borrower or any of its Subsidiaries or taken any other action with respect to a claimed default or event or condition of the type referred to in subsection 8.2, (c) of any condition or event that would be required to be disclosed in a current report filed by Borrower with the Securities and Exchange Commission on Form 8-K (Items 1, 2, 4, 5 and 6 of such Form as in effect on the Closing Date) if Borrower were required to file such reports under the Exchange Act, or (cd) of the occurrence of any event or change that has caused or evidences or could be reasonably expected to causeevidences, either in any case or in the aggregate, a Material Adverse Effect, an Officer's Officers' Certificate specifying the nature and period of existence of such condition, event or change, or specifying the notice given or action taken by any such Person and the nature of such claimed Event of Default, Potential Event of Default, default, event or condition, and what action ChipPAC (or applicable Subsidiary) Borrower has taken, is taking and proposes to take with respect thereto;

Events of Default, Etc. promptly upon any Responsible Officer ----------------------- officer of ChipPAC or Company Borrower obtaining knowledge (ai) of any condition or event that constitutes a Default or an Event of Default or Potential Default, or becoming aware that any Lender has given any notice (other than to the Administrative Agent) or taken any other action with respect to a claimed Event of Default or Event of Potential Default, (bii) that any Person has given any notice to ChipPAC Borrower or any of its Subsidiaries or taken any other action with respect to a claimed default or event or condition of the type referred to in subsection 8.2SECTION 10.2, (iii) of any condition or event that would be required to be disclosed in a current report filed by Borrower with the Securities and Exchange Commission on Form 8-K (Items 1, 2, 4, 5, and 6 of such Form as in effect on the date hereof) if Borrower were required to file such reports under the Exchange Act, or (civ) of the occurrence of any event or change that has caused or evidences or could be reasonably expected to causeevidences, either in any case or in the aggregate, a Material Adverse Effect, an Officer's Certificate specifying the nature and period of existence of such condition, event event, or change, or specifying the notice given or action taken by any such Person and the nature of such claimed Default, Event of Default, Potential Default, default, event event, or condition, and what action ChipPAC (or applicable Subsidiary) Borrower has taken, is taking and proposes to take with respect thereto;: TERM LOAN AND SECURITY AGREEMENT

Events of Default, Etc. promptly upon upon, and within ten Business Days after, any Responsible Officer ----------------------- officer of ChipPAC or the Company obtaining knowledge (a) of any condition or event that constitutes a an Event of Default or an Potential Event of Default, or becoming aware that any Lender Noteholder has given any notice (other than to the Administrative Agent) or taken any other action with respect to a claimed Event of Default or Potential Event of Default, (b) that any Person has given any notice to ChipPAC the Company or any of its the Company's Subsidiaries or taken any other action with respect to a claimed default or event or condition of the type referred to in subsection Section 8.2, (c) of any -55- resignation or dismissal of the Company's independent accountant, (d) of any Change of Control or other event requiring a prepayment of principal on any Subordinated Indebtedness, (e) of any individual or series of related Asset Sales or issuances of Capital Stock aggregating in excess of $250,000, or (cf) of the occurrence of any event or change that has caused or evidences or could be reasonably expected to causeevidences, either in any case or in the aggregate, a Material Adverse Effect, an Officer's Certificate specifying the nature and period of existence of such condition, event or change, or specifying the notice given or action taken by any such Person and the nature of such claimed Event of Default, Potential Event of Default, default, event or condition, and what action ChipPAC (or applicable Subsidiary) the Company has taken, is taking and proposes to take with respect thereto;

Events of Default, Etc. promptly upon any Responsible Officer ----------------------- officer of ChipPAC or Company any Credit Party obtaining knowledge (a) of any condition or event that constitutes a an Event of Default or an Potential Event of Default, or becoming aware that any Lender has given any notice (other than to the Administrative Agent) or taken any other action with respect to a claimed Event of Default or Potential Event of Default, (b) that any Person has given any notice to ChipPAC any Credit Party or any of its Subsidiaries or taken any other action with respect to a claimed default or event or condition of the type referred to in subsection 8.2, (c) of any condition or event that would be required to be disclosed in a current report filed by Company with the Securities and Exchange Commission on Form 8-K (Items 1, 2, 4, 5 and 6 of such Form as in effect on the date hereof) if Company were required to file such reports under the Exchange Act, or (cd) of the occurrence of any event or change that has caused or evidences or could be reasonably expected to causeevidences, either in any case or in the aggregate, a Material Adverse Effect, an Officer's Officers' Certificate specifying the nature and period of existence of such condition, event or change, or specifying the notice given or action taken by any such Person and the nature of such claimed Event of Default, Potential Event of Default, default, event or condition, and what action ChipPAC (or applicable Subsidiary) such Credit Party has taken, is taking and proposes to take with respect thereto;

Events of Default, Etc. promptly upon any Responsible Officer ----------------------- officer of ChipPAC or Company Borrowers obtaining knowledge (a) of any condition or event that constitutes a an Event of Default or an Potential Event of Default, or becoming aware that any Lender has given any notice (other than to the Administrative Agent) or taken any other action with respect to a claimed Event of Default or Potential Event of Default, (b) that any Person has given any notice to ChipPAC or any of its Borrowers and their Subsidiaries or taken any other action with respect to a claimed default or event or condition of the type referred to in subsection 8.2, (c) of any condition or event that would be required to be disclosed in a current report filed by Borrowers with the Securities and Exchange Commission on Form 8-K (Items 1, 2, 4, 5 and 6 of such Form as in effect on the date hereof) if Borrowers were required to file such reports under the Exchange Act, or (cd) of the occurrence of any event or change that has caused or evidences or could be reasonably expected to causeevidences, either in any case or in the aggregate, a Material Adverse Effect, an Officer's Officers' Certificate specifying the nature and period of existence of such condition, event or change, or specifying the notice given or action taken by any such Person and the nature of such claimed Event of Default, Potential Event of Default, default, event or condition, and what action ChipPAC (or applicable Subsidiary) has Borrowers have taken, is are taking and proposes propose to take with respect thereto;