Common use of Notice of Event of Default, etc Clause in Contracts

Notice of Event of Default, etc. Promptly give to the -------------------------------- Administrative Agent notice in writing of: (a) any Event of Default or the occurrence of any event or circumstance which with the passage of time or giving of notice or both would constitute an Event of Default; and (b) any litigation, proceedings or investigations which may exist at any time between any Borrower or the Guarantors and any Governmental Authority and could reasonably be expected to result in liability to any Borrower or Guarantor in excess of $1,000,000.

Appears in 2 contracts

Samples: Revolving Credit and Guaranty Agreement (Bethlehem Steel Corp /De/), Revolving Credit and Guaranty Agreement (Bethlehem Steel Corp /De/)

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Notice of Event of Default, etc. Promptly give to the -------------------------------- ------------------------------- Administrative Agent notice in writing of: (a) any Event of Default or the occurrence of any event or circumstance which with the passage of time or giving of notice or both would constitute an Event of Default; and (b) any litigation, proceedings or material investigations which may exist at any time between any Borrower or the Guarantors and any Governmental Authority and could reasonably be expected to result in liability to any Borrower or Guarantor in excess of $1,000,000Authority.

Appears in 1 contract

Samples: Revolving Credit, Term Loan and Guaranty Agreement (Federal Mogul Corp)

Notice of Event of Default, etc. Promptly give to the -------------------------------- Administrative Agent notice in writing of: (a) any Event of Default or the occurrence of any event or circumstance which with the passage of time or giving of notice or both would constitute an Event of Default; and (b) any litigation, proceedings or material investigations which may exist at any time between any Borrower or the Guarantors Guarantor and any Governmental Authority and could reasonably be expected to result in liability to any Borrower or Guarantor in excess of $1,000,000Authority.

Appears in 1 contract

Samples: Revolving Credit and Guaranty Agreement (Usg Corp)

Notice of Event of Default, etc. Promptly give to the -------------------------------- Administrative Agent notice in writing of: (a) any Event of Default or the occurrence of any event or circumstance which with the passage of time or giving of notice or both would constitute an Event of Default; and (b) any litigation, proceedings or material investigations which may exist at any time between any the Borrower or the Guarantors any Guarantor and any Governmental Authority and could reasonably be expected to result in liability to Authority, or any Borrower or Guarantor in excess violations of $1,000,000any requirements of law with respect thereto.

Appears in 1 contract

Samples: Revolving Credit and Guaranty Agreement (Hayes Lemmerz International Inc)

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Notice of Event of Default, etc. Promptly give to the -------------------------------- Administrative Agent notice in writing of: (a) any Event of Default or the occurrence of any event or circumstance which with the passage of time or giving of notice or both would constitute an Event of Default; and (b) any litigation, proceedings or material investigations which may exist at any time between any Borrower or the Guarantors and any Governmental Authority and could reasonably be expected to result in liability to any Borrower or Guarantor in excess of $1,000,000Authority.

Appears in 1 contract

Samples: Revolving Credit, Term Loan and Guaranty Agreement (Federal Mogul Corp)

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