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Common use of Knowledge of Default Clause in Contracts

Knowledge of Default. It is expressly understood and agreed that Agent shall be entitled to assume that no Default or Event of Default has occurred, unless Agent has been notified by a Lender in writing that such Lender believes that a Default or Event of Default has occurred and is continuing and specifying the nature thereof or has been notified by Borrower pursuant to Section 5.14 hereof.

Appears in 15 contracts

Samples: Credit Agreement (Cintas Corp), Credit Agreement (Cintas Corp), Credit and Security Agreement (Shiloh Industries Inc)

Knowledge of Default. It is expressly understood and agreed that if the Agent has not been notified by the Borrower in writing that an Event of Default or Potential Default has occurred, the Agent shall be entitled to assume that no Default or Event of Default or Potential Default has occurred, occurred and is continuing unless the Agent has been notified by a Lender Bank in writing that such Lender believes Bank considers that a an Event of Default or Event of Potential Default has occurred and is continuing and specifying the nature thereof or has been notified by Borrower pursuant to Section 5.14 hereofthereof.

Appears in 8 contracts

Samples: Loan Agreement (Matthews International Corp), Loan Agreement (Matthews International Corp), Loan Agreement (Matthews International Corp)

Knowledge of Default. It is expressly understood and agreed that Agent shall be entitled to assume that no Default or Event of Default has occurred, unless Agent has been notified by a Lender in writing that such Lender believes that a Default or Event of Default has occurred and is continuing and specifying the nature thereof or has been notified by Borrower pursuant to Section 5.14 hereofthereof.

Appears in 8 contracts

Samples: Credit and Security Agreement, Credit and Security Agreement (Ultralife Corp), Credit and Security Agreement (Regional Brands Inc.)

Knowledge of Default. It is expressly understood and agreed that the Agent and each Issuing Bank shall be entitled to assume that no Default or Event of Default has occurredoccurred and is continuing, unless the Agent or such Issuing Bank has been notified by a Lender in writing that such Lender believes that a Default or Event of Default has occurred and is continuing and specifying the nature thereof or has been notified by Borrower pursuant to Section 5.14 hereofthereof.

Appears in 6 contracts

Samples: Credit Agreement (Astronics Corp), Credit Agreement (Astronics Corp), Credit Agreement (Astronics Corp)

Knowledge of Default. It is expressly understood and agreed that Agent shall be entitled to assume that no Default or Event of Default has occurred, unless Agent has been notified by a Lender in writing that such Lender believes that a Default or Event of Default has occurred and is continuing and specifying the nature thereof or has been notified by a Borrower pursuant to Section 5.14 hereof.

Appears in 4 contracts

Samples: Credit Agreement (Applied Industrial Technologies Inc), Credit Agreement (IHS Inc.), Credit Agreement (Applied Industrial Technologies Inc)

Knowledge of Default. It is expressly understood and agreed that the Administrative Agent and the Issuing Bank shall be entitled to assume that no Default or Event of Default has occurredoccurred and is continuing, unless the Administrative Agent or the Issuing Bank has been notified by a Lender in writing that such Lender believes that a Default or Event of Default has occurred and is continuing and specifying the nature thereof or has been notified by Borrower pursuant to Section 5.14 hereofthereof.

Appears in 3 contracts

Samples: Loan Agreement (Moog Inc.), Loan Agreement (Moog Inc), Loan Agreement (Moog Inc)

Knowledge of Default. It is expressly understood and agreed that Agent shall be entitled to assume that no Default or Event of Default has occurred, unless Agent has been notified by a Lender Bank in writing that such Lender Bank believes that a Default or Event of Default has occurred and is continuing and specifying the nature thereof or has been notified by a Borrower pursuant to Section 5.14 hereof.

Appears in 3 contracts

Samples: Credit and Security Agreement (MTC Technologies Inc), Credit Agreement (Schulman a Inc), Credit and Security Agreement (MTC Technologies Inc)

Knowledge of Default. It is expressly understood and agreed that the Agent shall be entitled to assume that no Default or Event of Default or Potential Default has occurred, occurred and is continuing unless the Agent has been notified by a Lender Bank or the Borrowers in writing that such Lender believes Bank or the Borrowers consider that a an Event of Default or Event of Potential Default has occurred and is continuing and specifying the nature thereof or has been notified by Borrower pursuant to Section 5.14 hereofthereof.

Appears in 3 contracts

Samples: Credit Agreement (Baker Michael Corp), Loan Agreement (Baker Michael Corp), Loan Agreement (Baker Michael Corp)

Knowledge of Default. It is expressly understood and agreed that Agent shall be entitled to assume that no Default or Event of Default has occurredoccurred (other than an Event of Default under Section 7.01 hereof), unless Agent has been notified by a Lender Bank in writing that such Lender Bank believes that a Default or Event of Default has occurred and is continuing and specifying the nature thereof or has been notified by Borrower Borrowers pursuant to Section 5.14 5.09 hereof.

Appears in 2 contracts

Samples: Credit Agreement (Nordson Corp), Credit Agreement (Nordson Corp)

Knowledge of Default. It is expressly understood and agreed that Agent shall be entitled to assume that no Default or Event of Default has occurred, unless Agent has been notified by a Lender in writing that such Lender Xxxxxx believes that a Default or Event of Default has occurred and is continuing and specifying the nature thereof or has been notified by Borrower pursuant to Section 5.14 hereofthereof.

Appears in 2 contracts

Samples: Credit and Security Agreement (Ultralife Corp), Third Amendment Agreement (Ultralife Corp)

Knowledge of Default. It is expressly understood and agreed that Agent shall be entitled to assume that no Default or Event of Default has occurredoccurred (other than an Event of Default under Section 7.01 hereof), unless Agent has been notified by a Lender Bank in writing that such Lender Bank believes that a Default or Event of Default has occurred and is continuing and specifying the nature thereof or has been notified by Borrower Borrowers pursuant to Section 5.14 5.13 hereof.

Appears in 2 contracts

Samples: Credit Agreement (Nordson Corp), Credit Agreement (Nordson Corp)

Knowledge of Default. It is expressly understood and agreed that Agent shall be entitled to assume that no Default or Event of Default has occurredoccurred (other than an Event of Default under Section 7.01 hereof), unless Agent has been notified by a Lender Bank in writing that such Lender Bank believes that a Default or Event of Default has occurred and is continuing and specifying the nature thereof or has been notified by Borrower pursuant to Section 5.14 5.13 hereof.

Appears in 2 contracts

Samples: Term Loan Facility (Nordson Corp), Credit Agreement (Nordson Corp)

Knowledge of Default. It is expressly understood and agreed that Agent shall be entitled to assume that no Default or Event of Default has occurred, unless Agent has been notified by a Lender in writing that such Lender believes that a Default or Event of Default has occurred and is continuing and specifying the nature thereof thereof, or has been notified in writing by a Borrower pursuant to Section 5.14 hereof.

Appears in 1 contract

Samples: Credit Agreement (Cooper Companies Inc)

Knowledge of Default. It is expressly understood and agreed that Agent shall be entitled to assume that no Default or Event of Default has occurredoccurred (other than an Event of Default under Section 7.01 hereof), unless Agent has been notified by a Lender Bank in writing that such Lender Bank believes that a Default or Event of Default has occurred and is continuing and specifying the nature thereof or has been notified by Borrower pursuant to Section 5.14 5.11 hereof.

Appears in 1 contract

Samples: Term Loan Facility Agreement (Nordson Corp)

Knowledge of Default. It is expressly understood and agreed that if the Agent has not been notified by the Borrowers in writing that an Event of Default or Potential Default has occurred, the Agent shall be entitled to assume that no Default or Event of Default or Potential Default has occurred, occurred and is continuing unless the Agent has been notified by a Lender Bank in writing that such Lender believes Bank considers that a an Event of Default or Event of Potential Default has occurred and is continuing and specifying the nature thereof or has been notified by Borrower pursuant to Section 5.14 hereofthereof.

Appears in 1 contract

Samples: Financing Agreement (Northwestern Corp)

Knowledge of Default. It is expressly understood and agreed that Agent shall be entitled to assume that no Default or Event of Default has occurred, unless Agent has been notified by a Lender Bank in writing that such Lender Bank believes that a Default or Event of Default has occurred and is continuing and specifying the nature thereof or has been notified by Borrower pursuant to Section 5.14 5.13 hereof.

Appears in 1 contract

Samples: Credit Agreement (Standard Register Co)

Knowledge of Default. It is expressly understood and agreed that Agent shall be entitled to assume that no Default or Event of Default or Potential Default has occurredoccurred and is continuing, unless Agent has been notified by a Lender Bank in writing that such Lender believes Bank considers that a an Event of Default or Event of Potential Default has occurred and is continuing and specifying the nature thereof or has been notified by Borrower pursuant to Section 5.14 hereofthereof.

Appears in 1 contract

Samples: Loan Agreement (Tuscarora Inc)

Knowledge of Default. It is expressly understood and agreed that The Agent shall be entitled to assume that no Default or Event of Default has occurredoccurred and is continuing, unless the Agent has been notified in writing by a Lender in writing or the Borrowers that such Lender believes or Borrowers considers that a Default or an Event of Default has occurred and is continuing and specifying the nature thereof or has been notified by Borrower pursuant to Section 5.14 hereofthereof.

Appears in 1 contract

Samples: Financing and Security Agreement (Fti Consulting Inc)

Knowledge of Default. It is expressly understood and agreed that the Agent and each Issuing Bank shall be entitled to assume that no Default or Event of Default has occurredoccurred and is continuing, unless the Agent or such Issuing Bank has been notified by the Borrowers in writing that an Event of Default has occurred or by a Lender in writing that such Lender Xxxxxx believes that a Default or Event of Default has occurred and is continuing and specifying the nature thereof or has been notified by Borrower pursuant to Section 5.14 hereofthereof.

Appears in 1 contract

Samples: Credit Agreement (Astronics Corp)

Knowledge of Default. It is expressly understood and agreed that Agent shall be entitled to assume that no Default or Event of Default has occurredoccurred (other than an Event of Default under Section 7.01 hereof), unless Agent has been notified by a Lender in writing that such Lender Xxxxxx believes that a Default or Event of Default has occurred and is continuing and specifying the nature thereof or has been notified by Borrower Borrowers pursuant to Section 5.14 5.09 hereof.

Appears in 1 contract

Samples: Term Loan Agreement (Nordson Corp)

Knowledge of Default. It is expressly understood and agreed that Agent shall be entitled to assume that no Default or Event of Default has occurred, unless Agent has been notified by a Lender Bank in writing that such Lender Bank believes that a Default or Event of Default has occurred and is continuing and specifying the nature thereof or has been notified by Borrower pursuant to Section 5.14 hereofthereof.

Appears in 1 contract

Samples: Last in First Out Credit Agreement (Amcast Industrial Corp)

Knowledge of Default. It is expressly understood and agreed that Agent shall be entitled to assume that no Default or Event of Default has occurredoccurred (other than an Event of Default under ‎Section 7.01 hereof), unless Agent has been notified by a Lender in writing that such Lender believes that a Default or Event of Default has occurred and is continuing and specifying the nature thereof or has been notified by Borrower pursuant to Section 5.14 5.10 hereof.

Appears in 1 contract

Samples: Term Loan Agreement (Nordson Corp)

Knowledge of Default. It is expressly understood and agreed that Agent shall be entitled to assume that no Default or Event of Default has occurredoccurred (other than an Event of Default under Section 7.01 hereof), unless Agent has been notified by a Lender in writing that such Lender believes that a Default or Event of Default has occurred and is continuing and specifying the nature thereof or has been notified by Borrower pursuant to Section 5.14 5.10 hereof.

Appears in 1 contract

Samples: Term Loan Agreement (Nordson Corp)

Knowledge of Default. It is expressly understood and agreed that Agent shall be entitled to assume that no Default or Event of Default has occurred, unless Agent has shall have been notified by a Lender Borrower or a Bank in writing that such Lender Borrower or Bank believes that a Default or Event of Default has occurred and is continuing and specifying the nature thereof or has been notified by Borrower pursuant to Section 5.14 hereofthereof.

Appears in 1 contract

Samples: Credit Agreement (Cedar Fair L P)

Knowledge of Default. It is expressly understood and agreed that Agent shall be entitled to assume that no Default or Event of Default has occurredoccurred (other than an Event of Default under Section 7.01 hereof), unless Agent has been notified by a Lender Bank in writing that such Lender Bank believes that a Default or Event of Default has occurred and is continuing and specifying the nature thereof or has been notified by Borrower Borrowers pursuant to Section 5.14 5.10 hereof.

Appears in 1 contract

Samples: Credit Agreement (Nordson Corp)

Knowledge of Default. It is expressly understood and agreed that the Agent and each Issuing Bank shall be entitled to assume that no Default or Event of Default has occurredoccurred and is continuing, unless the Agent or such Issuing Bank has been notified by the Borrowers in writing that an Event of Default has occurred or by a Lender in writing that such Lender believes that a Default or Event of Default has occurred and is continuing and specifying the nature thereof or has been notified by Borrower pursuant to Section 5.14 hereofthereof.

Appears in 1 contract

Samples: Credit Agreement (Astronics Corp)

Knowledge of Default. It is expressly understood and agreed that the Agent a shall be entitled to assume that no Default or Event of Default has occurredoccurred and is continuing, unless the Agent has been notified by a Lender in writing that such Lender Xxxxxx believes that a Default or Event of Default has occurred and is continuing and specifying the nature thereof or has been notified by Borrower pursuant to Section 5.14 hereofthereof.

Appears in 1 contract

Samples: Credit Agreement (Astronics Corp)

Knowledge of Default. It is expressly understood and agreed that the Agent shall be entitled to assume that no Default or Event of Default has occurred, unless Agent has been notified by a Lender in writing that such Lender believes that a Default or Event of Default has occurred and is continuing and specifying continuing, unless the nature thereof or has officers of the Agent immediately responsible for matters concerning this Agreement shall have been notified in a writing specifying such Event of Default and stating that such notice is a "notice of default" by Borrower pursuant to Section 5.14 hereofa Lender or by one or more of the Borrowers. Upon receiving such a notice, the Agent shall promptly notify each Lender of such Event of Default.

Appears in 1 contract

Samples: Loan Agreement (Railamerica Inc /De)

Knowledge of Default. It is expressly understood and agreed that Agent shall be entitled to assume that no Default or Event of Default has occurredoccurred (other than an Event of Default under Section 7.01 hereof), unless Agent has been notified by a Lender Bank in writing that such Lender Bank believes that a Default or Event of Default has occurred and is continuing and specifying the nature thereof or has been notified by Borrower pursuant to Section 5.14 hereof.

Appears in 1 contract

Samples: Credit Agreement (Nordson Corp)

Knowledge of Default. It is expressly understood and agreed that Agent shall be is entitled to assume with respect to the Loan Documents that no Event of Default or event which, with the giving of notice or lapse of time, or both, would constitute an Event of Default has occurredoccurred and is continuing, unless Agent has actual knowledge of such fact or has been notified by a Lender in writing that such Lender believes considers that a Default or an Event of Default or such event has occurred and is continuing and specifying the nature thereof or has been notified by Borrower pursuant to Section 5.14 hereofthereof.

Appears in 1 contract

Samples: Credit Agreement (Huffy Corp)

Knowledge of Default. It is expressly understood and agreed that Agent shall be entitled to assume that no Default or Event of Default has occurredoccurred (other than an Event of Default under Section 7.01 hereof), unless Agent has been notified by a Lender in writing that such Lender believes that a Default or Event of Default has occurred and is continuing and specifying the nature thereof or has been notified by Borrower pursuant to Section 5.14 5.09 hereof.

Appears in 1 contract

Samples: Term Loan Agreement (Nordson Corp)

Knowledge of Default. It is expressly understood and agreed that The Agent shall be entitled to assume that no Default or Event of Default has occurredoccurred and is continuing, unless the Agent has been notified in writing by a Lender in writing or the Borrower that such Lender believes or Borrower considers that a Default or an Event of Default has occurred and is continuing and specifying the nature thereof or has been notified by Borrower pursuant to Section 5.14 hereofthereof.

Appears in 1 contract

Samples: Financing and Security Agreement (Fti Consulting Inc)