Common use of Knowledge of Defaults Clause in Contracts

Knowledge of Defaults. The Collateral Agent shall not be deemed to have knowledge or notice of the occurrence of a Default unless the Collateral Agent has received notice from a Secured Party or the Company referring to a Credit Agreement or this Security Agreement describing such Default and stating that such notice is a "Notice of Default." Following receipt of a Notice of Default, the Collateral Agent shall assume that the Default is continuing until the Collateral Agent receives written information to the contrary from the Credit Agent.

Knowledge of Defaults. The Collateral Agent shall not be deemed to have knowledge or notice of the occurrence of a any Event of Default unless the Collateral Agent has received notice from a Secured Party or the Company referring to a the Credit Agreement or Agreement, this Security Agreement describing such Event of Default and stating that such notice is a "Notice of Default." Following receipt of a Notice of Default, the Collateral Agent shall assume that the Event of Default is continuing until the Collateral Agent receives written information to the contrary from the Credit Agent.

Knowledge of Defaults. The Collateral Agent shall not be deemed to have knowledge or notice of the occurrence of a any Event of Default unless the Collateral Agent has received notice from a Secured Party or the Company referring to a the Credit Agreement or Agreement, this Security Agreement or the Indentures describing such Event of Default and stating that such notice is a "Notice of Default." Following receipt of a Notice of Default, the Collateral Agent shall assume that the Event of Default is continuing until the Collateral Agent receives written information to the contrary from the Credit Agent.