Common use of Notice of Claimed Default Clause in Contracts

Notice of Claimed Default. immediately upon becoming aware that the holder of any Bond or of any evidence of indebtedness or other Security of the Company or any Subsidiary has given notice or taken any other action with respect to a claimed Event of Default or default under such Bond, evidence of indebtedness or Security, a written notice specifying the notice given or action taken by such holder and the nature of the claimed Event of Default or default and what action the Company is taking or proposes to take with respect thereto;

Appears in 3 contracts

Samples: Bond Purchase Agreement (Southwest Water Co), Purchase Agreement (Southwest Water Co), Bond Purchase Agreement (Southwest Water Co)

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Notice of Claimed Default. immediately upon becoming aware that of the holder existence of a Default in respect of any Bond Bond, or any default in respect of any evidence of indebtedness or other Security of the Company or any Subsidiary has given notice or taken any other action with respect to a claimed Event of Default or default under such Bond, evidence the Company in an outstanding principal amount of indebtedness or Securityat least $1,000,000, a written notice specifying the any notice given or action taken by such any holder thereof and the nature of the claimed Event of Default or default and what action the Company is taking or proposes to take with respect thereto;

Appears in 2 contracts

Samples: Purchase Agreement, Bond Purchase Agreement (Yankee Energy System Inc)

Notice of Claimed Default. immediately Immediately upon becoming aware that the holder of any Bond Note or of any other evidence of indebtedness Indebtedness or other Security of the Company or any Subsidiary has given notice or taken any other action with respect to a claimed default or Event of Default or default under such Bond, evidence of indebtedness or SecurityDefault, a written notice specifying the notice given or action taken by such holder and the nature of the claimed default or Event of Default or default and what action the Company is taking or proposes to take with respect thereto;

Appears in 1 contract

Samples: Note Agreement (AbitibiBowater Inc.)

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Notice of Claimed Default. immediately promptly upon becoming aware that the holder Holder of any Bond Note or of any other evidence of indebtedness or other Security of the Company or any Subsidiary of its Subsidiaries has given notice or taken any other action with respect to a claimed default or a Default or Event of Default or default under such Bond, evidence of indebtedness or SecurityDefault, a written notice specifying the notice given or action taken by such holder Holder and the nature of the claimed default or Default or Event of Default or default and what action the Company or such Subsidiary is taking or proposes to take with respect thereto;

Appears in 1 contract

Samples: Senior Note Agreement (Mercury Finance Co)

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