Common use of Notice of Facility Events Clause in Contracts

Notice of Facility Events. (a) The Administrative Agent shall not be deemed to have knowledge or notice of the occurrence of any Facility Event or any other default or termination event under the Transaction Documents unless the Administrative Agent has received notice from the Collateral Agent, any Funding Agent, any Lender, the Master Servicer or the Company stating that such event has occurred and describing such termination event or default. (b) If the Administrative Agent receives such a notice, it shall promptly give notice thereof to the Funding Agents, the Lenders and to the Collateral Agent (but only if such notice received by the Administrative Agent was not sent to such Persons). (c) The Administrative Agent may take such action concerning a Facility Event or any other matter hereunder as may be directed by the Majority Lenders or all the Funding Agents (subject to the other provisions of this Section 35 but until the Administrative Agent receives such directions, the Administrative Agent may (but shall not be obligated to) take such action, or refrain from taking such action, as the Administrative Agent deems advisable.

Notice of Facility Events. (a) The Administrative No Funding Agent shall not be deemed to have knowledge or notice of the occurrence of any Facility Event or any other default or termination event under the Transaction Documents unless the Administrative such Funding Agent has received notice from the Collateral Agent, any other Funding Agent, the Administrative Agent, any Lender, the Master Servicer or the Company stating that such event has occurred hereunder or thereunder and describing such termination event or default. (b) If the Administrative a Funding Agent receives such a notice, it shall promptly give notice thereof to the Funding Agents, the Lenders Lender in its Lender Group and to the Administrative Agent and the Collateral Agent (but only if such notice received by the Administrative such Funding Agent was not sent to such PersonsAdministrative Agent and the Collateral Agent). (c) The Administrative Each Funding Agent may take such action concerning a Facility Event or any other matter hereunder as may be directed by the Majority Lenders or all the Funding Agents Lender in its Lender Group (subject to the other provisions of this Section 35 34, but until the Administrative such Funding Agent receives such directions, the Administrative such Funding Agent may (but shall not be obligated to) take such action, or refrain from taking such action, as the Administrative such Funding Agent deems deem advisable.

Notice of Facility Events. (a) The Administrative No Funding Agent shall not be deemed to have knowledge or notice of the occurrence of any Facility Event or any other default or termination event under the Transaction Documents unless the Administrative such Funding Agent has received notice from the Collateral Agent, any other Funding Agent, the Administrative Agent, any Lender, the Master Servicer or the Company stating that such event has occurred hereunder or thereunder and describing such termination event or default. (b) If the Administrative a Funding Agent receives such a notice, it shall promptly give notice thereof to the Funding Agents, the Lenders Lender in its Lender Group and to the Administrative Agent and the Collateral Agent (but only if such notice received by the Administrative such Funding Agent was not sent to such Personsthe Administrative Agent and the Collateral Agent). (c) The Administrative Each Funding Agent may take such action concerning a Facility Event or any other matter hereunder as may be directed by the Majority Lenders or all the Funding Agents Lender in its Lender Group (subject to the other provisions of this Section 35 33) but until the Administrative such Funding Agent receives such directions, the Administrative such Funding Agent may (but shall not be obligated to) take such action, or refrain from taking such action, as the Administrative such Funding Agent deems advisable.

Notice of Facility Events. (a) The Administrative Agent shall not be deemed to have knowledge or notice of the occurrence of any Facility Event or any other default or termination event under the Transaction Documents unless the Administrative Agent has received notice from the Collateral Agent, any Funding Agent, any Lender, the Master Servicer or the Company stating that such event has occurred and describing such termination event or default. (b) If the Administrative Agent receives such a notice, it shall promptly give notice thereof to the Funding Agents, the Lenders and to the Collateral Agent (but only if such notice received by the Administrative Agent was not sent to such Persons). (c) The Administrative Agent may take such action concerning a Facility Event or any other matter hereunder as may be directed by the Majority Lenders or, if the Transaction Documents expressly specify that the relevant action requires the consent or direction of all the Funding Agents, all the Funding Agents (subject to the other provisions of this Section 35 34 but until the Administrative Agent receives such directions, the Administrative Agent may (but shall not be obligated to) take such action, or refrain from taking such action, as the Administrative Agent deems advisable.