Notice of Default; Written Instructions. (a) Upon receipt of a Notice of Actionable Default, the Collateral Agent shall, within five days thereafter, notify the Indenture Trustee and each New Representative that an Actionable Default exists. (b) Upon receipt of any written directions pursuant to Section 3.08(a), the Collateral Agent shall, within five days thereafter, send a copy thereof to the Indenture Trustee and each New Representative.
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Samples: Indenture (Harbinger Group Inc.), Collateral Trust Agreement (Harbinger Group Inc.)
Notice of Default; Written Instructions. (a) Upon receipt of a Notice of Actionable DefaultDefault given by the Majority Holders, the Collateral Agent shall, within five days thereafter, notify the Indenture Trustee and each New Representative that an Actionable Default exists.
(b) . Upon receipt of any written directions pursuant to Section 3.08(a3.8(a), the Collateral Agent shall, within five days thereafter, send a copy thereof to the Indenture Trustee and each New RepresentativeTrustee.
Appears in 2 contracts
Samples: Collateral Trust Agreement (Evergreen Solar Inc), Collateral Trust Agreement (Evergreen Solar Inc)
Notice of Default; Written Instructions. (a) Upon receipt of a Notice of Actionable Default, the Collateral Agent shall, within five days thereafter, notify the Indenture Trustee and each New Second Lien Representative that an Actionable Default exists.
(b) Upon receipt of any written directions pursuant to Section 3.08(a3.8(a), the Collateral Agent shall, within five days thereafter, send a copy thereof to the Indenture Trustee and each New Second Lien Representative.
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