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

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Notice of Defaults and Events of Default. As soon as possible and in any event within five (5) business days Business Days after Borrower becomes aware of 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 (Template Software Inc), Loan and Security Agreement (Dunn Computer Corp)

Notice of Defaults and Events of Default. As soon as possible and in any event within five (5) business days 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 1 contract

Samples: Loan Agreement (American Medical Alert 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, 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)

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Notice of Defaults and Events of Default. As soon as possible and in any event within five (5a) business days Business Days after Borrower becomes aware of 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) business days Business Days after either Borrower becomes aware has knowledge of the occurrence of each a 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 (Allied Devices Corp)

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