Common use of Notice of Event of Default or Unmatured Event of Default Clause in Contracts

Notice of Event of Default or Unmatured Event of Default. promptly (but at least within 2 calendar days) upon becoming aware of the existence of any condition or event which constitutes an Event of Default or Unmatured Event of Default under this Agreement, a written notice specifying the nature and period of existence thereof and what action Borrowers are taking (and propose to take) with respect thereto;

Notice of Event of Default or Unmatured Event of Default. promptly (but at least within 2 calendar daysBusiness Days) upon becoming aware of the existence of any condition or event which constitutes an Event of Default or Unmatured Event of Default under this Agreement, a written notice specifying the nature and period of existence thereof and what action Borrowers are taking (and propose to take) with respect thereto;