Common use of Lease Defaults Clause in Contracts

Lease Defaults. Lessee shall furnish, following the Document Closing Date and until the termination of the Lease, to Certificate Trustee, Administrative Agent and each Participant a certificate of Lessee signed by a Responsible Officer of Lessee promptly after Lessee obtains knowledge that there exists a Lease Default, Lease Event of Default or Construction Agency Event of Default, which such certificate shall describe such Lease Default in reasonable detail, with a statement of Lessee's action with respect thereto taken or proposed to be taken.

Appears in 3 contracts

Samples: Participation Agreement (Electric Lightwave Inc), Participation Agreement (Electric Lightwave Inc), Participation Agreement (Electric Lightwave Inc)

AutoNDA by SimpleDocs

Lease Defaults. Lessee shall furnish, following the Document Closing Date and until the termination of the Lease, to Certificate TrusteeLessor, Administrative Agent and each Participant Lender a certificate of Lessee signed by a Responsible Officer of Lessee promptly after Lessee obtains knowledge that there exists a Lease Default, Lease Event of Default or Construction Agency Lease Event of Default, which such certificate shall describe such Lease Default or Lease Event of Default in reasonable detail, with a statement of Lessee's action with respect thereto taken or proposed to be taken.

Appears in 1 contract

Samples: Participation Agreement (Genesis Health Ventures Inc /Pa)

AutoNDA by SimpleDocs

Lease Defaults. Lessee shall furnish, following Following the Document Closing Date and until the termination of the Lease, Lessee shall furnish to Certificate Trustee, Administrative Agent and (with sufficient copies for each Participant Participant) a certificate of Lessee signed by a Responsible Officer of Lessee promptly within five days after Lessee obtains knowledge that there exists a Lease Default, Lease Event of Default or Construction Agency Lease Event of Default, which such certificate shall describe such Lease Default or Lease Event of Default in reasonable detail, with a statement of Lessee's action with respect thereto taken or proposed to be taken.

Appears in 1 contract

Samples: Participation Agreement (Applied Materials Inc /De)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!