Common use of Notice of Amortization Events Clause in Contracts

Notice of Amortization Events. The Administrative Agent and the Lenders shall not be deemed to have knowledge or notice of the occurrence of any Amortization Event or Potential Amortization Event unless it has received notice from another party referring to this Agreement, stating that an Amortization Event or Potential Amortization Event has occurred hereunder and describing such Amortization Event or Potential Amortization Event. In the event that the Administrative Agent or one of the Lenders receives such a notice, it shall promptly give notice thereof to the other Lenders. The Administrative Agent shall take such action with respect to such Amortization Event or Potential Amortization Event as shall be directed by either of the Lenders. Section 9.6

Appears in 2 contracts

Samples: Credit and Security Agreement (Columbus McKinnon Corp), Credit and Security Agreement (Columbus McKinnon Corp)

AutoNDA by SimpleDocs

Notice of Amortization Events. The Administrative Agent and None of the Lenders Agents or Purchasers shall not be deemed to have knowledge or notice of the occurrence of any Amortization Event or Potential Amortization Event unless it has received notice from another party referring to this Agreement, stating that an Amortization Event or Potential Amortization Event has occurred hereunder and describing such Amortization Event or Potential Amortization Event. In the event that the Administrative Agent or one any of the Lenders Agents or the Purchasers receives such a notice, it shall promptly give notice thereof to the other LendersPurchasers. The Administrative Agent shall take such action with respect to such Amortization Event or Potential Amortization Event as shall be directed by either of the Lenders. Section 9.6Required Co-Agents.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Pool Corp)

AutoNDA by SimpleDocs

Notice of Amortization Events. The Administrative Agent and the Lenders Purchasers shall not be deemed to have knowledge or notice of the occurrence of any Amortization Event or Potential Amortization Event unless it has received notice from another party referring to this Agreement, stating that an Amortization Event or Potential Amortization Event has occurred hereunder and describing such Amortization Event or Potential Amortization Event. In the event that the Administrative Agent or one of the Lenders Purchasers receives such a notice, it shall promptly give notice thereof to the other LendersPurchasers. The Administrative Agent shall take such action with respect to such Amortization Event or Potential Amortization Event as shall be directed by either of the Lenders. Section 9.6Purchasers.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Kapstone Paper & Packaging Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.