Common use of Notice of Actionable Default Clause in Contracts

Notice of Actionable Default. A notice by a Requisite Party delivered to the Collateral Agent, stating that an Actionable Default has occurred. A Notice of Actionable Default shall be deemed to have been given when the notice referred to in the preceding sentence has actually been received by the Collateral Agent and to have been rescinded when the Collateral Agent has actually received from the notifying Requisite Party a notice withdrawing such Notice. A Notice of Actionable Default shall be deemed to be outstanding at all times after such Notice has been given until such time, if any, as such Notice has been rescinded.

Notice of Actionable Default. A notice by a Requisite Party the Noteholders delivered to the Collateral Agent, stating that an Actionable Default has occurred. A Notice of Actionable Default shall be deemed to have been given when the notice referred to in the preceding sentence has actually been received by the Collateral Agent and to have been rescinded when the Collateral Agent has actually received from the notifying Requisite Party party a notice withdrawing such Noticenotice. A Notice of Actionable Default shall be deemed to be outstanding at all times after such Notice notice has been given until such time, if any, as such Notice notice has been rescinded.

Notice of Actionable Default. A notice by a any Requisite Party delivered to the Collateral Agent, stating that an Actionable Default has occurred. A Notice of Actionable Default shall be deemed to have been given when the notice referred to in the preceding sentence has actually been received by the Collateral Agent and shall be deemed to have been rescinded when the Collateral Agent has actually received from the notifying Requisite Party party a notice withdrawing such Noticenotice. A Notice of Actionable Default shall be deemed to be outstanding at all times after such Notice notice has been given until such time, if any, as such Notice notice has been rescinded.

Notice of Actionable Default. A notice by a Requisite Party Exchanging Holders delivered to the Collateral Agent, stating that an Actionable Default has occurred. A Notice of Actionable Default shall be deemed to have been given when the notice referred to in the preceding sentence has actually been received by the Collateral Agent and to have been rescinded when the Collateral Agent has actually received from the notifying Requisite Party party a notice withdrawing such Noticenotice. A Notice of Actionable Default shall be deemed to be outstanding at all times after such Notice notice has been given until such time, if any, as such Notice notice has been rescinded.