Common use of Notice of Events of Termination Clause in Contracts

Notice of Events of Termination. No Investor Agent shall be deemed to have knowledge or notice of the occurrence of any Incipient Event of Termination or of any Event of Termination unless such Investor Agent has received notice from the Program Agent, any other Investor Agent, any Investor or Bank, the Collection Agent, the Originator or the Seller stating that an Incipient Event of Termination or Event of Termination has occurred hereunder and describing such Incipient Event of Termination or Event of Termination. If an Investor Agent receives such a notice, it shall promptly give notice thereof to the Investors and Banks in its Group and to the Program Agent (but only if such notice received by such Investor Agent was not sent by the Program Agent). The Investor Agent shall take such action concerning an Incipient Event of Termination or an Event of Termination as may be directed by the Investors and Banks in its Group (subject to the other provisions of this Article IX), but until such Investor Agent receives such directions, such Investor Agent may (but shall not be obligated to) take such action, or refrain from taking such action, as such Investor Agent deems advisable and in the best interests of the Investors and Banks in its Group.

Notice of Events of Termination. No Investor The Program Agent shall not be deemed to have knowledge or notice of the occurrence of any Incipient Event of Termination or of any Event of Termination unless such Investor the Program Agent has received notice from the Program Agent, any other Investor Agent, any Investor or Investor, Bank, the Collection Agent, the any Originator or the Seller stating that an Incipient Event of Termination or Event of Termination has occurred hereunder and describing such Incipient Event of Termination or Event of Termination. If an Investor the Program Agent receives such a notice, it shall promptly give notice thereof to the each Investor Agent whereupon each Investor Agent shall promptly give notice thereof to its respective Investors and Banks in its Group and to the Program Agent (but only if such notice received by such Investor Agent was not sent by the Program Agent)Related Banks. The Investor Program Agent shall take such action concerning an Incipient Event of Termination or an Event of Termination as may be directed by the Investors and Banks in its Group Investor Agents (subject to the other provisions of this Article IXVIII), but until such Investor the Program Agent receives such directions, such Investor the Program Agent may (but shall not be obligated to) take such action, or refrain from taking such action, as such Investor the Program Agent deems advisable and in the best interests of the Investors and Banks in its GroupBanks.

Notice of Events of Termination. No Investor Agent shall be deemed to have knowledge or notice of the occurrence of any Incipient Event of Termination or of any Event of Termination unless such Investor Agent has received notice from the Program Agent, any other Investor Agent, any Investor or Bank, the Collection Agent, the any Originator or the Seller stating that an Incipient Event of Termination or Event of Termination has occurred hereunder and describing such Incipient Event of Termination or Event of Termination. If an Investor Agent receives such a notice, it shall promptly give notice thereof to the Investors and Banks in its Group and to the Program Agent (but only if such notice received by such Investor Agent was not sent by the Program Agent). The Investor Agent shall take such action concerning an Incipient Event of Termination or an Event of Termination as may be directed by the Investors and Banks in its Group (subject to the other provisions of this Article IX), but until such Investor Agent receives such directions, such Investor Agent may (but shall not be obligated to) take such action, or refrain from taking such action, as such Investor Agent deems advisable and in the best interests of the Investors and Banks in its Group.

Notice of Events of Termination. No Investor The Program Agent shall not be deemed to have knowledge or notice of the occurrence of any Incipient Event of Termination or of any Event of Termination unless such Investor the Program Agent has received notice from the Program Agent, any other Investor Agent, any Investor or Investor, Bank, the Collection Agent, the Originator or the Seller stating that an Incipient Event of Termination or Event of Termination has occurred hereunder and describing such Incipient Event of Termination or Event of Termination. If an Investor the Program Agent receives such a notice, it shall promptly give notice thereof to the each Investor Agent whereupon each Investor Agent shall promptly give notice thereof to its respective Investors and Banks in its Group and to the Program Agent (but only if such notice received by such Investor Agent was not sent by the Program Agent)Related Banks. The Investor Program Agent shall take such action concerning an Incipient Event of Termination or an Event of Termination as may be directed by the Investors and Banks in its Group Investor Agents (subject to the other provisions of this Article IXVIII), but until such Investor the Program Agent receives such directions, such Investor the Program Agent may (but shall not be obligated to) take such action, or refrain from taking such action, as such Investor the Program Agent deems advisable and in the best interests of the Investors and Banks in its GroupBanks.

Notice of Events of Termination. No Investor The Program Agent shall not be deemed to have knowledge or notice of the occurrence of any Incipient Event of Termination or of any Event of Termination unless such Investor the Program Agent has received notice from the Program Agent, any other Investor Agent, any Investor or Conduit, Bank, the Collection AgentServicer, the any Originator or the Seller Transferor stating that an Incipient Event of Termination or Event of Termination has occurred hereunder and describing such Incipient Event of Termination or Event of Termination. If an Investor the Program Agent receives such a notice, it shall promptly give notice thereof to the Investors and Banks in its Group and to the Program Agent (but only if such notice received by such each Investor Agent, whereupon each Investor Agent was not sent by the Program Agent)shall promptly give notice thereof to its respective Co-Acquirers. The Investor Program Agent shall take such action concerning an Incipient Event of Termination or an Event of Termination as may be directed by the Investors and Required Banks in its Group (subject to the other provisions of this Article IXVIII), but until such Investor the Program Agent receives such directions, such Investor the Program Agent may (but shall not be obligated to) take such action, or refrain from taking such action, as such Investor the Program Agent deems advisable and in the best interests of the Investors Conduits and Banks in its GroupBanks.

Notice of Events of Termination. No Investor The Program Agent shall not be deemed to have knowledge or notice of the occurrence of any Incipient Event of Termination or of any Event of Termination unless such Investor the Program Agent has received written notice from any Lender, the Program AgentServicer, any other Investor AgentOriginator, any Investor or BankSPE I, the Collection AgentHL Funding I, the Originator LLC, HL Funding II, Inc. or the Seller Borrower stating that an Incipient Event of Termination or Event of Termination has occurred hereunder and describing such Incipient Event of Termination or Event of Termination. If an Investor the Program Agent receives such a notice, it shall promptly give notice thereof to the Investors and Banks in its Group and to the Program Agent (but only if such notice received by such Investor Agent was not sent by the Program Agent)each Lender. The Investor Program Agent shall take such action concerning an Incipient Event of Termination or an Event of Termination as may be directed by the Investors and Banks in its Group Required Lenders (subject to the other provisions of this Article IXVIII), but until such Investor the Program Agent receives such directions, such Investor the Program Agent may (but shall not be obligated to) take such action, or refrain from taking such action, as such Investor the Program Agent deems advisable and in the best interests of the Investors and Banks in its GroupLenders.

Notice of Events of Termination. No Investor The Program Agent shall not be deemed to have knowledge or notice of the occurrence of any Incipient Event of Termination or of any Event of Termination unless such Investor the Program Agent has received notice from the Program Agent, any other Investor Agent, any Investor or Investor, Bank, the Collection Agent, the Originator any Originator, any Predecessor Purchaser or the Seller Borrower stating that an Incipient Event of Termination or Event of Termination has occurred hereunder and describing such Incipient Event of Termination or Event of Termination. If an Investor the Program Agent receives such a notice, it shall promptly give notice thereof to the each Investor Agent whereupon each Investor Agent shall promptly give notice thereof to its respective Investors and Banks in its Group and to the Program Agent (but only if such notice received by such Investor Agent was not sent by the Program Agent)Related Banks. The Investor Program Agent shall take such action concerning an Incipient Event of Termination or an Event of Termination as may be directed by the Investors and Banks in its Group Investor Agents (subject to the other provisions of this Article IXVIII), but until such Investor the Program Agent receives such directions, such Investor the Program Agent may (but shall not be obligated to) take such action, or refrain from taking such action, as such Investor the Program Agent deems advisable and in the best interests of the Investors and Banks in its GroupBanks.

Notice of Events of Termination. No Investor The Program Agent shall not be deemed to have knowledge or notice of the occurrence of any Incipient Event of Termination or of any Event of Termination unless such Investor the Program Agent has received written notice from the Program Agent, any other Investor Agent, any Investor or Investor, Bank, the Collection AgentServicer, the Originator any Originator, SPE I or the Seller Borrower stating that an Incipient Event of Termination or Event of Termination has occurred hereunder and describing such Incipient Event of Termination or Event of Termination. If an Investor the Program Agent receives such a notice, it shall promptly give notice thereof to the each Investor Agent whereupon each Investor Agent shall promptly give notice thereof to its respective Investors and Banks in its Group and to the Program Agent (but only if such notice received by such Investor Agent was not sent by the Program Agent)Related Banks. The Investor Program Agent shall take such action concerning an Incipient Event of Termination or an Event of Termination as may be directed by the Investors and Banks in its Group Investor Agents (subject to the other provisions of this Article IXVIII), but until such Investor the Program Agent receives such directions, such Investor the Program Agent may (but shall not be obligated to) take such action, or refrain from taking such action, as such Investor the Program Agent deems advisable and in the best interests of the Investors and Banks in its GroupBanks.