Common use of Notice of Defaults and Events of Default Clause in Contracts

Notice of Defaults and Events of Default. As soon as possible and in any event within five (5) days after the occurrence of each Default or Event of Default, a written notice setting forth the details of such Default or Event of Default and the action which is proposed to be taken by the Borrower with respect thereto.

Appears in 12 contracts

Samples: Loan Agreement (Coolbrands International Inc), Loan Agreement (Coolbrands International Inc), Loan Agreement (Gristedes Foods Inc)

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Notice of Defaults and Events of Default. As soon as possible and in any event within five (5) days after the occurrence of each Default or Event of Default, a written notice setting forth the details of such Default or Event of Default and the action which is proposed to be taken by the Borrower with respect thereto.;

Appears in 6 contracts

Samples: Loan Agreement (One Liberty Properties Inc), Loan Agreement (One Liberty Properties Inc), Revolving Credit Agreement (Americas Carmart Inc)

Notice of Defaults and Events of Default. As soon as possible and in any event within five (5) days after the occurrence of each Default or Event of Default, a written notice setting forth the details of such Default or Event of Default and the action which is proposed to be taken by the Borrower with respect theretoto such Default or Event of Default.

Appears in 4 contracts

Samples: Delayed Draw Term Loan Agreement (Insurance Acquisition Corp.), Credit Agreement (Orbit International Corp), Credit Agreement (Orbit International Corp)

Notice of Defaults and Events of Default. As soon as possible and in any event within five (5) business days after Borrower becomes aware of the occurrence of each Default or Event of Default, a written notice setting forth the details of such Default or Event of Default and the action which is proposed to be taken by the Borrower with respect thereto.;

Appears in 4 contracts

Samples: Revolving Credit and Term Loan Agreement, Revolving Credit and Term Loan Agreement (Burlington Coat Factory Warehouse Corp), Revolving Credit Agreement (Burlington Coat Factory Warehouse Corp)

Notice of Defaults and Events of Default. As soon as possible and in any event within five ten (510) days after the occurrence of each Default or Event of Default, a written notice setting forth the details of such Default or Event of Default and the action which is proposed to be taken by the Borrower with respect thereto.

Appears in 3 contracts

Samples: Loan Agreement (Manchester Equipment Co Inc), Loan Agreement (Manchester Equipment Co Inc), Loan Agreement (Manchester Technologies Inc)

Notice of Defaults and Events of Default. As soon as possible and in any event within five ten (510) days after the occurrence of each material Default or material Event of Default, a written notice setting forth the details of such Default or Event of Default and the action which that is proposed to be taken by the Borrower with respect thereto.

Appears in 3 contracts

Samples: Loan Agreement (Orange Productions Inc), Loan Agreement (Surgical Safety Products Inc), Loan Agreement (Cuidao Holding Corp)

Notice of Defaults and Events of Default. As soon as possible and in any event event, within five (5) ten days after the occurrence of each Default or and Event of Default, a written notice setting forth the details of such Default or Event of Default and the action which that is proposed to be taken by the Borrower Borrowers with respect thereto.;

Appears in 3 contracts

Samples: Loan and Security Agreement (Global Defense Technology & Systems, Inc.), Loan and Security Agreement (Global Defense Technology & Systems, Inc.), Loan and Security Agreement (Global Defense Technology & Systems, Inc.)

Notice of Defaults and Events of Default. As soon as reasonably possible and in any event within five (5) days after the occurrence of each Default or Event of Default, a written notice setting forth the details of such Default or Event of Default and the action which is proposed to be taken by the Borrower Company, with respect thereto.

Appears in 3 contracts

Samples: Credit Agreement (Internet Media Services, Inc.), Credit Agreement (Document Security Systems Inc), Credit Agreement (Document Security Systems Inc)

Notice of Defaults and Events of Default. As soon as possible and in any event within five (5) days after the occurrence of each Default or Event of Default, a written notice setting forth the details of such Default or Event of Default and the action which is proposed to be taken by the Borrower with respect thereto.;

Appears in 3 contracts

Samples: Loan Agreement (BRT Apartments Corp.), Loan Agreement (One Liberty Properties Inc), Credit Agreement (Central Reserve Life Corp)

Notice of Defaults and Events of Default. As soon as possible and and, in any event event, within five (5) ten days after the occurrence of each Default or and Event of Default, a written notice setting forth the details of such Default or Event of Default and the action which that is proposed to be taken by the Borrower Borrowers with respect thereto.;

Appears in 3 contracts

Samples: Loan and Security Agreement (NCI, Inc.), Loan Agreement (Execustay Corp), Loan and Security Agreement (Halifax Corp)

Notice of Defaults and Events of Default. As soon as possible and in any event within five three (53) days after the occurrence of each Default or Event of Default, a written notice setting forth the details of such Default or Event of Default and the action which is proposed to be taken by the Borrower with respect thereto.;

Appears in 2 contracts

Samples: Credit Agreement (Alliance Semiconductor Corp /De/), Credit Agreement (Alliance Semiconductor Corp /De/)

Notice of Defaults and Events of Default. As soon as possible and in ----------------------------------------- any event within five (5) days after the occurrence of each Default or Event of Default, a written notice setting forth the details of such Default or Event of Default and the action which is proposed to be taken by the Borrower with respect thereto.

Appears in 2 contracts

Samples: Loan Agreement (Innodata Corp), Loan Agreement (Firecom Inc)

Notice of Defaults and Events of Default. As soon as possible and in any event within five (5) days Business Days after the occurrence of each Default or and Event of Default, a written notice setting forth the details of such Default or Event of Default and the action which is proposed to be taken by the Borrower with respect thereto.;

Appears in 2 contracts

Samples: Loan and Security Agreement (Dunn Computer Corp), Loan and Security Agreement (Template Software Inc)

Notice of Defaults and Events of Default. As soon as possible and in any event within five ten (530) days after the occurrence of each material Default or material Event of Default, a written notice setting forth the details of such Default or Event of Default and the action which that is proposed to be taken by the Borrower Seller with respect thereto.

Appears in 2 contracts

Samples: Convertible Note Acquisition Agreement (Cuidao Holding Corp), Convertible Note Acquisition Agreement (Cuidao Holding Corp)

Notice of Defaults and Events of Default. As soon as possible and in any event within five (5) days after having knowledge of the occurrence of each Default or Event of Default, a written notice setting forth the details of such Default or Event of Default and the action which is proposed to be taken by the Borrower with respect thereto.;

Appears in 2 contracts

Samples: Loan Agreement (Panache Beverage, Inc.), Loan Agreement (Panache Beverage, Inc.)

Notice of Defaults and Events of Default. As soon as possible and in any event within five (5) days after the occurrence of each Default or Event of Default, a written notice setting forth the details of such Default or Event of Default and the action which is proposed to be taken by the Borrower Maker with respect thereto.;

Appears in 2 contracts

Samples: First Senior Bridge Note (Genesee Corp), Second Senior Bridge Note (Genesee Corp)

Notice of Defaults and Events of Default. As soon as possible and in any event within five (x) two (2) days after the occurrence of an Event of Default under Section 7.01(4), (5), (7) or (9) and (y) ten (10) days after the occurrence of each Default or other Event of Default, a written notice setting forth the details of such Default or Event of Default and the action which is proposed to be taken by the Borrower with respect thereto.

Appears in 2 contracts

Samples: Credit Agreement (Beazer Homes Usa Inc), Credit Agreement (Beazer Homes Usa Inc)

Notice of Defaults and Events of Default. As soon as possible and in ------------------------------------------ any event within five (5) days after the occurrence of each Default or Event of Default, a written notice setting forth the details of such Default or Event of Default and the action which is proposed to be taken by the Borrower Company with respect thereto.;

Appears in 1 contract

Samples: Debenture Purchase Agreement (E Financial Depot Com)

Notice of Defaults and Events of Default. As soon as possible and in any event within five (5) days after the occurrence of each Default or Event of Default, the Borrower shall deliver to the Lender a written notice setting forth the details of such Default or Event of Default and the action which is proposed to be taken by the Borrower with respect thereto.

Appears in 1 contract

Samples: Loan and Security Agreement (Texas Instruments Inc)

Notice of Defaults and Events of Default. As soon as possible and and, in any event event, within five (5) days after the occurrence of each Default or and Event of Default, a written notice setting forth the details of such Default or Event of Default and the action which that is proposed to be taken by the Borrower or any Subsidiary with respect thereto.;

Appears in 1 contract

Samples: Loan and Security Agreement (Friedman Billings Ramsey Group Inc)

Notice of Defaults and Events of Default. As soon as possible and in any event within five (5) 5 days after the occurrence of each Default or Event of Default, a written notice setting forth the details of such Default or Event of Default and the action which that is proposed to be taken by the Borrower with respect thereto.;

Appears in 1 contract

Samples: Promissory Note Agreement (Integrated Environmental Technologies, Ltd.)

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Notice of Defaults and Events of Default. As soon as possible and in any event within five ten (510) days after the occurrence of each Default or Event of Default, a written notice setting forth the details of such Default or Event of Default and the action which is proposed to be taken by the Borrower with respect thereto.

Appears in 1 contract

Samples: Credit Agreement (Interactive Strength, Inc.)

Notice of Defaults and Events of Default. As soon as possible and in any event within five (5a) days Business Days after the occurrence of each Default or and Event of Default, a written notice setting forth the details of such Default or Event of Default and the action which is proposed to be taken by the Borrower Borrowers with respect thereto.;

Appears in 1 contract

Samples: Loan and Security Agreement (Spacehab Inc \Wa\)

Notice of Defaults and Events of Default. As soon as possible and in ---------------------------------------- any event within five (5) days Business Days after the occurrence of each Default or and Event of Default, a written notice setting forth the details of such Default or Event of Default and the action which is proposed to be taken by the Borrower with respect thereto.;

Appears in 1 contract

Samples: Loan Agreement (Template Software Inc)

Notice of Defaults and Events of Default. As soon as possible and and, in any event event, within five fifteen (515) days after the occurrence of each Default or and Event of Default, a written notice setting forth the details of such Default or Event of Default and the action which is proposed to be taken by the Borrower with respect thereto.

Appears in 1 contract

Samples: Guidance Line of Credit and Security Agreement (Comstock Holding Companies, Inc.)

Notice of Defaults and Events of Default. As soon as possible reasonably practicable, and in any event within five (5) 10 days after the occurrence of each Default or Event of Default, a written notice setting forth the details of such Default or Event of Default and the action which is proposed to be taken by the Borrower with respect thereto.;

Appears in 1 contract

Samples: Credit Agreement (Performance Technologies Inc \De\)

Notice of Defaults and Events of Default. As soon as possible and in any event within five (5) days after the occurrence of each Default or Event of Default, a written notice setting forth the details of such Default or Event of Default and the action which is proposed to be taken by the Borrower Company with respect thereto.;

Appears in 1 contract

Samples: Debenture Purchase Agreement (National Boston Medical Inc)

Notice of Defaults and Events of Default. As soon as possible and in any event within five seven (57) days after the occurrence of each Default or Event of Default, a written notice setting forth the details of such Default or Event of Default and the action which is proposed to be taken by the Borrower Company, with respect thereto.

Appears in 1 contract

Samples: Credit Agreement (Diamond Management & Technology Consultants, Inc.)

Notice of Defaults and Events of Default. As soon as possible practicable and in any event within five (5) days after the occurrence of each Default or Event of Default, a written notice setting forth the details of such Default or Event of Default and the action which is proposed to be taken by the Borrower Borrowers with respect thereto.;

Appears in 1 contract

Samples: Loan Agreement (LGL Group Inc)

Notice of Defaults and Events of Default. As soon as possible and and, in any event event, within five (5) days after any Principal Officer of the Borrowers has knowledge of the occurrence of each any Default or and Event of Default, a written notice setting forth the details of such Default or Event of Default and the action which that is proposed to be taken by the Borrower Borrowers with respect thereto.;

Appears in 1 contract

Samples: Loan and Security Agreement (NCI, Inc.)

Notice of Defaults and Events of Default. As soon as possible and in any event within five fifteen (515) days after the occurrence of each Default or Event of Default, a written notice setting forth the details of such Default or Event of Default and the action which is proposed to be taken by the Borrower with respect thereto.

Appears in 1 contract

Samples: Business Loan Agreement (Flotek Industries Inc/Cn/)

Notice of Defaults and Events of Default. As soon as possible and in any event within five (5) days after the occurrence of each Default or Event of Default, a written notice setting forth the details of such Default or Event of Default and the action which is proposed to be taken by the applicable Borrower with respect thereto.

Appears in 1 contract

Samples: Loan Agreement (Hirsch International Corp)

Notice of Defaults and Events of Default. As soon as possible and and, in any event event, within five (5) days after the occurrence of each Default or and Event of Default, a written notice setting forth the details of such Default or Event of Default and the action which that is proposed to be taken by the Borrower Borrowers with respect thereto.; (g)

Appears in 1 contract

Samples: Loan and Security Agreement (Titan Corp)

Notice of Defaults and Events of Default. As soon as possible and in any event within five (5) days Business Days after the occurrence of each Default or Event of Default, a written notice setting forth the details of such Default or Event of Default and the action which is proposed to be taken by the Borrower with respect thereto.

Appears in 1 contract

Samples: Loan Agreement (American Medical Alert Corp)

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