Common use of Notice of Default or Events of Default Clause in Contracts

Notice of Default or Events of Default. If a default or an Event of Default occurs and is continuing and if it is known to the Trustee, the Trustee shall mail to each Securityholder notice of the default or Event of Default within 90 days after it occurs. However, the Trustee may withhold the notice if and so long as a committee of its Trust Officers in good faith determines that withholding notice is in the interests of Securityholders, except in the case of a default or an Event of Default in payment of the principal of or interest on any Security.

Appears in 18 contracts

Samples: Indenture (St Mary Land & Exploration Co), Indenture (Ask Jeeves Inc), Indenture (Symantec Corp)

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Notice of Default or Events of Default. If a default or an Event of Default occurs and is continuing and if it is known to the Trustee, the Trustee shall mail to each Securityholder notice of the default or Event of Default within 90 days after it occurs. HoweverExcept in the case of a default or an Event of Default in payment of the principal of or interest on any Security, the Trustee may withhold the notice if and so long as a committee of its Trust Officers in good faith determines that withholding notice is in the interests interest of Securityholders, except in the case of a default or an Event of Default in payment of the principal of or interest on any Security.

Appears in 6 contracts

Samples: Indenture (Family Golf Centers Inc), Indenture (Einstein Noah Bagel Corp), Indenture (Boston Chicken Inc)

Notice of Default or Events of Default. If a default Default or an Event of Default occurs and is continuing and if it is known to a Trust Officer of the Trustee, the Trustee shall mail to each Securityholder notice of the default Default or Event of Default within 90 days after it occurs. However, the Trustee may withhold the notice if and so long as a committee of its Trust Officers in good faith determines that withholding notice is in the interests of Securityholders, except in the case of a default Default or an Event of Default in payment of the principal of or interest on any Security.

Appears in 5 contracts

Samples: Indenture (Citigroup Inc), Indenture (Barnes & Noble Inc), Indenture (Mediacom Communications Corp)

Notice of Default or Events of Default. If a default or an Event of Default occurs and is continuing and if it is known to the Trustee, the Trustee shall mail to each Securityholder notice of the default or Event of Default within 90 days after it occurs. HoweverExcept in the case of a default or an Event of Default in payment of the principal of or interest on any Security, the Trustee may withhold the notice if and so long as a committee of its Trust Officers in good faith determines that withholding notice is in the interests of Securityholders, except in the case of a default or an Event of Default in payment of the principal of or interest on any Security.

Appears in 5 contracts

Samples: Indenture (Global Telesystems Group Inc), Indenture (Usinternetworking Inc), Indenture (Act Manufacturing Inc)

Notice of Default or Events of Default. If a default or an Event of Default occurs and is continuing and if it is known to the Trustee, the Trustee shall mail to each Securityholder notice of the default or Event of Default within 90 days after it occurs. HoweverExcept in the case of a default or an Event of Default in payment of the principal of or interest on any Security, the Trustee may withhold the notice if and so long as a committee of its Trust Officers in good faith determines that withholding the notice is in the interests interest of Securityholders, except in the case of a default or an Event of Default in payment of the principal of or interest on any Security.

Appears in 3 contracts

Samples: Indenture (Incyte Pharmaceuticals Inc), Indenture (Birner Dental Management Services Inc), Convertible Subordinated Debenture Indenture (Birner Dental Management Services Inc)

Notice of Default or Events of Default. If a default or an Event of Default occurs and is continuing and if it is actually known to the Trustee, the Trustee shall mail to each Securityholder notice of the default or Event of Default within 90 days after it occurs. HoweverExcept in the case of a default or an Event of Default in payment of the principal of or interest on any Security, the Trustee may withhold the notice if and so long as a committee of its Trust Officers in good faith determines that withholding the notice is in the interests interest of Securityholders, except in the case of a default or an Event of Default in payment of the principal of or interest on any Security.

Appears in 3 contracts

Samples: Indenture (Waste Connections Inc/De), Indenture (Waste Connections Inc/De), Indenture (Pinnacle Holdings Inc)

Notice of Default or Events of Default. If a default or an Event of Default occurs and is continuing and if it is known to the Trustee, the Trustee shall mail to each Securityholder Security holder notice of the default or Event of Default within 90 days after it occurs. However, the Trustee may withhold the notice if and so long as a committee of its Trust Officers in good faith determines that withholding notice is in the interests of SecurityholdersSecurity holders, except in the case of a default or an Event of Default in payment of the principal of or interest on any Security.

Appears in 2 contracts

Samples: Indenture (Integra Lifesciences Holdings Corp), Indenture (Integra Lifesciences Holdings Corp)

Notice of Default or Events of Default. If a default or an Event of Default occurs and is continuing and if it is known to the Trustee, the Trustee shall mail to each Securityholder notice of the default or Event of Default within 90 days after it occursbecomes known to the Trustee. However, the Trustee may withhold the notice if and so long as a committee of its Trust Officers in good faith determines that withholding notice is in the interests of Securityholders, except in the case of a default or an Event of Default in payment of the principal of or interest on any Security.

Appears in 1 contract

Samples: Indenture (Fair Isaac Corp)

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Notice of Default or Events of Default. If a default or an Event of Default occurs and is continuing and if it is known to the Trustee, the Trustee shall mail to each Securityholder notice of the default or Event of Default within 90 days after it occurs. However, the Trustee may withhold the notice if and so long as a committee of its Trust Officers in good faith determines that withholding notice is in the interests of Securityholders, except in the case of a default or an Event of Default in payment of the principal of or accrued and unpaid interest (including Additional Interest), if any, on any Security.

Appears in 1 contract

Samples: Indenture (Wynn Resorts LTD)

Notice of Default or Events of Default. If a default or an Event of Default occurs and is continuing and if it is actually known to the Trustee, the Trustee shall mail to each Securityholder notice of the default or Event of Default within 90 days after it occurs. However, the Trustee may withhold the notice if and so long as a committee of its Trust Officers in good faith determines that withholding notice is in the interests of Securityholders, except Except in the case of a default or an Event of Default in payment of the principal of or interest on any Security, the Trustee may withhold the notice if and so long as a committee of its Responsible Officers in good faith determines that withholding the notice is in the interest of Securityholders.

Appears in 1 contract

Samples: Indenture (Nco Group Inc)

Notice of Default or Events of Default. If a default or an Event of Default occurs and is continuing and if it is actually known to a Trust Officer of the Trustee, the Trustee shall mail to each Securityholder notice of the default or Event of Default within 90 days after it occurs. HoweverExcept in the case of a default or an Event of Default in payment of the principal of or interest on any Security, the Trustee may withhold the notice if and so long as a committee of its Trust Officers in good faith determines that withholding the notice is in the interests interest of Securityholders, except in the case of a default or an Event of Default in payment of the principal of or interest on any Security.

Appears in 1 contract

Samples: Indenture (Waste Connections Inc/De)

Notice of Default or Events of Default. If a default or an Event of Default occurs and is continuing and if it is known to the Trustee, the Trustee shall mail to each Securityholder notice of the default or Event of Default within 90 days after it occurs. However, the Trustee may withhold the notice if and so long as a committee of its Trust Officers in good faith determines that withholding notice is in the interests of Securityholders, except in the case of a default or an Event of Default in payment of the principal of of, or interest or premium, if any, on any Security, including the failure to make Cash payments due upon conversion.

Appears in 1 contract

Samples: Indenture (Polymedica Corp)

Notice of Default or Events of Default. If a default or an Event of Default occurs and is continuing and if it is actually known to the Trustee, the Trustee shall mail to each Securityholder notice of the default or Event of Default within 90 days after it occurs. HoweverExcept in the case of a default or an Event of Default in payment of the principal of or interest (including Contingent Interest and Liquidated Damages, if any) on any Security, the Trustee may withhold the notice if and so long as a committee of its Trust Officers in good faith determines that withholding the notice is in the interests interest of Securityholders, except in the case of a default or an Event of Default in payment of the principal of or interest on any Security.

Appears in 1 contract

Samples: Indenture (Gencorp Inc)

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