Notice of Default and Certain Events. Briar and the Holders of Subordinated Indebtedness shall undertake in good faith to notify the other of the occurrence of any of the following as applicable:
(a) the obtaining of actual knowledge of the occurrence of any default under the Subordinated Lender Agreements, or any of them;
(b) the acceleration of any Subordinated Indebtedness by any Holder of Subordinated Indebtedness;
(c) the granting by Briar of any waiver of any Event of Default under the Loan Agreement or the granting by any Holder of Subordinated Indebtedness of any waiver of any "default" or "event of default" under the Subordinated Lender Agreements; or
(d) The payment in full by the Company (whether as a result of refinancing or otherwise) of all Briar Obligations. The failure of any party to give such notice shall not affect the subordination of the Subordinated Indebtedness as provided in this Agreement.
Notice of Default and Certain Events. Each Secured Creditor shall send written notice to each other Secured Creditor upon the occurrence of any of the following as applicable:
(a) the declaration of any default under such Secured Creditor's Documents, or the acceleration of any of such Secured Creditor's Indebtedness; or
(b) the commencement of any sale or liquidation of, or realization upon, any of the Collateral. Each such notice shall be sent to each other Secured Creditor contemporaneously with the sending of such notice to Obligors if and when sent under the applicable Documents. The failure of any Secured Creditor to give such notice shall not affect the relative lien or security interest priorities or the other privileges of such Secured Creditor as provided in this Agreement or give rise to any liability.
Notice of Default and Certain Events. The Subordinated Lender shall notify the Senior Representatives of the occurrence of any of the following as applicable:
(a) the obtaining of actual knowledge of the occurrence of any Event of Default under any of the Subordinated Notes;
(b) the acceleration of any Subordinated Indebtedness by the Subordinated Lender; or
(c) the granting of any waiver of any Event of Default by the Subordinated Lender.
Notice of Default and Certain Events. The Senior Agent shall send written notice to the Subordinated Lender, and the Subordinated Lender shall send written notice to the Senior Agent, upon the occurrence of any of the following as applicable:
(a) the declaration of any event of default under such Secured Creditor's Documents, or the acceleration of any of such Secured Creditor's Debt; or
(b) in the case of the Senior Lender, the commencement by such Secured Creditor of any Secured Creditor Remedies. Each such notice shall be sent to each other Secured Creditor contemporaneously with the sending of such notice to Company if and when sent under the applicable Documents. The failure of any Secured Creditor to give such notice shall not affect the relative lien or security interest priorities or the other privileges of such Secured Creditor as provided in this Agreement or give rise to any liability.
Notice of Default and Certain Events. Each Purchaser shall send written notice to the other Purchasers upon the occurrence of any of the following as applicable: (a) a request to the Administrative Agent that the Administrative Agent declare any default under such Closing Document, (b) a request to the Administrative Agent that the Administrative Agent accelerate any Indebtedness, or (c) the intention of such Purchaser to exercise any of its enforcement rights or remedies. Each such notice shall be sent to the other Purchasers contemporaneously with the sending of such notice to Debtors if and when sent under the applicable Closing Document. The failure of any Purchaser to give such notice shall not affect the relative lien or security interest priorities or the other privileges of such Purchaser as provided in this Security Agreement or give rise to any liability.
Notice of Default and Certain Events. Each Creditor shall undertake in good faith to notify the other Creditors of the occurrence of any of the following as applicable:
(a) the acceleration of amounts owing by the Company under the Lender Agreements, Oil and Gas Facility Agreements, or Trustee Agreements, as applicable;
(b) the payment in full by the Company (whether as a result of refinancing or otherwise) of all amounts owing by the Company under the Lender Agreements, Oil and Gas Facility Agreements, or Trustee Agreements, as applicable; or
(c) the sale or liquidation of, or realization upon, any of the Collateral. The failure of any party to give such notice shall not affect the relative Lien priorities as provided in this Agreement.
Notice of Default and Certain Events. The Senior Agent and the Senior Lenders and the Subordinated Agent and Subordinated Lender shall undertake in good faith to notify the others of the occurrence of any of the following as applicable:
(a) the obtaining of actual knowledge of the occurrence of any default under the Subordinated Loan Agreement;
(b) the acceleration of any Senior Indebtedness by the Senior Agent and the Senior Lenders or of any Subordinated Indebtedness by the Subordinated Agent and the Subordinated Lenders;
(c) the granting by the Senior Agent and the Senior Lenders of any waiver of any Event of Default under the Senior Loan Agreement or the granting by the Subordinated Agent and Subordinated Lenders of any waiver of any “default” or “event of default” under the Subordinated Loan Agreement; or
(d) the payment in full by the Borrower (whether as a result of refinancing or otherwise) of all Senior Indebtedness. The failure of any party to give such notice shall not affect the subordination of the Subordinated Indebtedness as provided in this Subordination Agreement.
Notice of Default and Certain Events. Each Second Lien Creditor shall promptly notify First Lien Creditors in writing of the occurrence of any of the following as applicable:
(a) any default or event of default under the Second Lien Note issued to such Second Lien Creditor; or
(b) the demand for payment of, acceleration of or termination of any of the Second Lien Obligations.
Notice of Default and Certain Events. Until the Senior Priority Debt is paid in full in cash, Trustee shall undertake in good faith to notify Agent of the occurrence of any of the following as applicable:
(a) the obtaining of actual knowledge of the occurrence of any default under any of the Indentures;
(b) the acceleration of any Junior Priority Debt or any of the indebtedness payable under either of the Indentures;
(c) the granting by Trustee of any waiver of any “default” or “event of default” under any of the Indentures; or
(d) The payment in full by Borrowers (whether as a result of refinancing or otherwise) of all Junior Priority Debt.
Notice of Default and Certain Events. Senior Creditors shall promptly notify Subordinated Creditor, and Subordinated Creditor shall promptly notify the Senior Creditors, in each case in writing, of the occurrence of any of the following, as applicable:
(a) in the case of Senior Creditors, (i) any default or event of default under the Senior Creditor Agreements, (ii) the conversion of any Senior Creditor Indebtedness into equity of the Debtor and (iii) the demand for payment of, acceleration of or termination of any of the Senior Creditor Indebtedness; and
(b) in the case of the Subordinated Creditor, (i) any default or event of default under the Subordinated Creditor Agreements, (ii) the conversion of any Subordinated Creditor Indebtedness into equity of the Debtor and (iii) the demand for payment of, acceleration of or termination of any of the Subordinated Creditor Indebtedness.
