Notice of Amount of Obligations Clause Samples
The "Notice of Amount of Obligations" clause requires one party to formally inform the other party of the specific amount of financial obligations that are due or outstanding under the agreement. Typically, this involves sending a written notice detailing the sum owed, the nature of the obligation, and any relevant deadlines or payment instructions. This clause ensures that both parties are clearly aware of the amounts involved, reducing the risk of disputes over payments and facilitating timely fulfillment of financial responsibilities.
Notice of Amount of Obligations. Prior to making any distribution under paragraph (e) of this Section, the Administrative Agent shall request each Lender to provide the Administrative Agent with a statement of the amounts of Hedge Obligations then owed to such Lender and its Affiliates. A Lender may provide such information to the Administrative Agent at any time and the Administrative Agent may also request such information at any time. If a Lender does not provide the Administrative Agent a statement of the amount of any such Obligations within three (3) Business Days of the date requested, the Administrative Agent may make distributions under paragraph (e) thereafter and the amount of Hedge Obligations then owed to such Lender and its Affiliates shall conclusively be deemed to be zero for purposes of such distributions. Neither the Lender nor its Affiliates shall have a right to share in such distributions with respect to any Hedge Obligations owed to it. If a Lender shall thereafter provide the Administrative Agent a statement of the amount of the Hedge Obligations then owed to such Lender and its Affiliates, any distribution under paragraph (e) made after the notice is received by the Administrative Agent shall take into account the amount of the Hedge Obligations then owed. No Lender nor any Affiliate of a Lender that has not provided the statement of the amount of the Hedge Obligations owed under this paragraph (g) shall be entitled to share retroactively in any distribution made prior to the date when such statement was provided. In furtherance of the provisions of Article IX, the Administrative Agent shall in all cases be fully protected in making distributions hereunder in accordance with the statements of the Hedge Obligations received from the Lenders under this paragraph (g).
Notice of Amount of Obligations. Upon receipt of any proceeds of Collateral to be distributed pursuant to Section 4.03, Collateral Agent shall give Secured Parties notice thereof, and each Secured Party (or its representative) shall within five (5) Business Days notify Collateral Agent of the amount of Obligations owing to it or its group. Such notification shall state the amount of its (or their) Obligations and how much is then due and owing. If requested by Collateral Agent, each Secured Party (or its representative) shall demonstrate that the amounts set forth in its notice are actually owing to such Secured Party to the satisfaction of Collateral Agent. Notwithstanding the foregoing, Collateral Agent may conclusively rely on information in such notices without investigation.
Notice of Amount of Obligations. Upon receipt of any Proceeds to be distributed pursuant to Section 2.03, the Collateral Agent shall give the Creditors notice thereof, and each Lender and the Trustee shall within five (5) Business Days notify the Collateral Agent of the amount of Obligations owing to such Lender or the Noteholders. Such notification shall state the amount of its Obligations, how much is then due and owing, and, in the case of any Bank, how much is Obligations in respect of Letters of Credit. Each Creditor with Obligations in respect of Letters of Credit shall describe the status of such Obligations. If requested by the Collateral Agent, each Creditor shall demonstrate that the amounts set forth in its notice are actually owing to such Creditor to the satisfaction of the Collateral Agent.
Notice of Amount of Obligations. Upon receipt of any Proceeds to be distributed pursuant to Section 2.03, the Collateral Agent shall give the Creditors notice thereof, and each Creditor (or its representative) shall within five (5) Business Days notify the Collateral Agent of the amount of Obligations owing to it or its group. Such notification shall state the amount of its (or their) Obligations and how much is then due and owing. If requested by the Collateral Agent, each Creditor (or its representative) shall demonstrate that the amounts set forth in its notice are actually owing to such Creditor to the satisfaction of the Collateral Agent. Notwithstanding the foregoing, the Collateral Agent may conclusively rely on information in such notices without investigation.
Notice of Amount of Obligations. 19 Section 4.06. Pro Rata Treatment; Participations 19 Section 4.07. Release of Collateral. 20 Section 4.08. Releases of Second Lien. 20 Section 4.09. Form and Sufficiency of Release 20 Section 4.10. Inspection Rights and Insurance. 21