Common use of Notice of Event of Default Clause in Contracts

Notice of Event of Default. promptly upon becoming aware of the existence of any condition or event which constitutes a Default or an Event of Default under this Agreement, a written notice specifying the nature and period of existence thereof and what action Borrower is taking (and proposes to take) with respect thereto;

Appears in 7 contracts

Samples: Loan and Security Agreement (Fly-E Group, Inc.), Loan and Security Agreement (KeyStone Solutions, Inc.), Loan and Security Agreement (WPCS International Inc)

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Notice of Event of Default. promptly upon becoming aware of the existence of any condition or event which constitutes a Default or an Event of Default under this Agreement, a written notice specifying the nature and period of existence thereof and what action Borrower or any Subsidiary Guarantor is taking (and proposes to take) with respect thereto;

Appears in 4 contracts

Samples: Loan and Security Agreement (Resource America, Inc.), Loan and Security Agreement (Alesco Financial Inc), Loan and Security Agreement (Alesco Financial Inc)

Notice of Event of Default. promptly Promptly upon becoming aware of the existence of any condition or event which constitutes a Default (if the same is continuing) or an Event of Default under this Agreement, a written notice specifying the nature and period of existence thereof and what action Borrower is taking (and proposes to take) with respect thereto;

Appears in 4 contracts

Samples: Loan Agreement, Loan Agreement, Loan Agreement (Rti Surgical, Inc.)

Notice of Event of Default. promptly upon becoming aware of the existence of any condition or event which constitutes a Default or an Event of Default under this Agreement, a written notice specifying the nature and period of existence thereof and what action Borrower is Loan Parties are taking (and proposes propose to take) with respect thereto;, and

Appears in 2 contracts

Samples: Loan and Security Agreement (JetPay Corp), Loan and Security Agreement (Universal Business Payment Solutions Acquisition Corp)

Notice of Event of Default. promptly Promptly upon becoming aware of the existence of any condition or event which constitutes a an Event of Default or an Unmatured Event of Default under this Agreement, a written notice specifying the nature and period of existence thereof and what action Borrower the Company is taking (and proposes to take) with respect thereto;.

Appears in 2 contracts

Samples: Note Purchase Agreement (Eagle Test Systems, Inc.), Note Purchase Agreement (Eagle Test Systems, Inc.)

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

Appears in 2 contracts

Samples: Loan and Security Agreement (Healthessentials Solutions Inc), Loan and Security Agreement (New York Health Care Inc)

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

Appears in 2 contracts

Samples: Loan and Security Agreement (Amerinac Holding Corp.), Loan and Security Agreement (Amerinac Holding Corp.)

Notice of Event of Default. promptly upon becoming aware of the existence of any condition or event which constitutes a Default or an Event of Default under this Agreement, a written notice specifying the nature and period of existence thereof and what action Borrower is Loan Parties are taking (and proposes propose to take) with respect thereto;.

Appears in 2 contracts

Samples: Loan and Security Agreement (JetPay Corp), Loan and Security Agreement (JetPay Corp)

Notice of Event of Default. promptly upon becoming aware of the existence of any condition or event which constitutes a Default or an Event of Default under this Agreement, a written notice specifying the nature and period of existence thereof and what action Borrower is taking (and proposes to take) with respect thereto;; and

Appears in 2 contracts

Samples: Loan and Security Agreement (Point Therapeutics Inc), Loan and Security Agreement (American Technical Ceramics Corp)

Notice of Event of Default. promptly Promptly upon becoming aware of the existence of any condition or event which constitutes a Default or an Event of Default under this Agreement, a written notice specifying the nature and period of existence thereof and what action the Borrower is taking (and proposes propose to take) with respect thereto;

Appears in 1 contract

Samples: Loan Agreement (CSS Industries Inc)

Notice of Event of Default. promptly upon becoming aware of the existence of any condition or event which constitutes a default or an Event of Default or an Unmatured Event of Default under this Agreement, a written notice specifying the nature and period of existence thereof and what action Borrower is Borrowers are taking (and proposes to take) with respect thereto;

Appears in 1 contract

Samples: Loan and Security Agreement (Capital Associates Inc)

Notice of Event of Default. promptly upon becoming aware of the existence of any condition or event which constitutes a Default or an Event of Default under this Agreement, a written notice specifying the nature and period of existence thereof and what action Borrower is taking (and proposes to take) with respect thereto;; ​

Appears in 1 contract

Samples: Loan and Security Agreement (Western Acquisition Ventures Corp.)

Notice of Event of Default. promptly upon becoming aware of the -------------------------- existence of any condition or event which constitutes a Default or an Event of Default under this AgreementDefault, a written notice specifying the nature and period of existence thereof and what action Borrower is Borrowers are taking (and proposes propose to take) with respect thereto;

Appears in 1 contract

Samples: Loan and Security Agreement (Opinion Research Corp)

Notice of Event of Default. promptly upon becoming aware of the existence of any condition or event which constitutes a Default or an Event of Default under this Agreement, a written notice specifying the nature and period of existence thereof and what action Borrower Seller is taking (and proposes to take) with respect thereto;

Appears in 1 contract

Samples: Sale of Accounts and Security Agreement (Intercloud Systems, Inc.)

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Notice of Event of Default. promptly upon becoming aware of the -------------------------- existence of any condition or event which constitutes a Default or an Event of Default under this Agreement, or which with the passage of time or the giving of notice, or both, could become an Event of Default hereunder, a written notice specifying the nature and period of existence thereof and what action Borrower is Borrowers are taking (and proposes to take) with respect thereto;

Appears in 1 contract

Samples: Loan and Security Agreement (Telespectrum Worldwide Inc)

Notice of Event of Default. promptly Promptly upon becoming aware of the existence of any condition or event which constitutes a Default or an Event of Default under this Agreement, a written notice specifying the nature and period of existence thereof and what action the Borrower is taking (and proposes to take) with respect thereto;

Appears in 1 contract

Samples: Loan Agreement (CSS Industries Inc)

Notice of Event of Default. promptly upon becoming aware of the existence of any condition or event which constitutes a Default or an Event of Default under this Agreement, a written notice specifying the nature and period of existence thereof and what action Borrower or its Subsidiary is taking (and proposes to take) with respect thereto;

Appears in 1 contract

Samples: Loan and Security Agreement (Lakeland Industries Inc)

Notice of Event of Default. promptly upon becoming aware of the existence of any condition or event which constitutes a Default or an Event of Default or Default under this AgreementthisAgreement, a written notice specifying the nature and period of existence thereof and what action Borrower is taking (and proposes to take) with respect thereto;

Appears in 1 contract

Samples: Loan and Security Agreement (Resource America Inc)

Notice of Event of Default. promptly upon becoming aware of the -------------------------- existence of any condition or event which constitutes a Default or an Event of Default under this Agreement, or which with the passage of time or the giving of notice, or both, could become an Event of Default hereunder, a written notice specifying the nature and period of existence thereof and what action Borrower is taking (and proposes to take) with respect thereto;

Appears in 1 contract

Samples: Loan and Security Agreement (Telespectrum Worldwide Inc)

Notice of Event of Default. promptly upon becoming aware of the existence of any condition or event which constitutes a Default or an Event of Default under this Agreement, a written notice specifying the nature and period of existence thereof and what action Borrower or any Guarantor is taking (and proposes to take) with respect thereto;

Appears in 1 contract

Samples: Loan and Security Agreement (COHEN & Co INC.)

Notice of Event of Default. promptly upon becoming aware of the existence of any condition or event which constitutes a Default or an Event of Default under this Agreement, or which with the passage of time or the giving of notice, or both, would become an Event of Default hereunder, a written notice specifying the nature and period of existence thereof and what action Borrower Borrowers is taking (and proposes to take) with respect thereto;

Appears in 1 contract

Samples: Revolving Credit Loan and Security Agreement (Staff Builders Inc /De/)

Notice of Event of Default. promptly upon becoming aware of the -------------------------- existence of any condition or event which constitutes a default or an Event of Default or an Unmatured Event of Default under this Agreement, a written notice specifying the nature and period of existence thereof and what action Borrower is Borrowers are taking (and proposes propose to take) with respect thereto;

Appears in 1 contract

Samples: Loan and Security Agreement (Bankvest Capital Corp)

Notice of Event of Default. promptly upon becoming aware of the existence of any condition or event which constitutes a Default default or an Event of Default under this Agreement, or which with the passage of time or the giving of notice, or both, would constitute an Event of Default hereunder, a written notice specifying the nature and period of existence thereof and what action Borrower is taking (and and/or proposes to take) with respect thereto;

Appears in 1 contract

Samples: Loan and Security Agreement (Qk Healthcare Inc)

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