Common use of Notice of Facility Events Clause in Contracts

Notice of Facility Events. (a) No Funding Agent shall 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 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 a Funding Agent receives such a notice, it shall promptly give notice thereof to the Lender in its Lender Group and to the Administrative Agent and the Collateral Agent (but only if such notice received by such Funding Agent was not sent to Administrative Agent and the Collateral Agent). (c) Each Funding Agent may take such action concerning a Facility Event as may be directed by the Lender in its Lender Group (subject to the other provisions of this Section 34, but until such Funding Agent receives such directions, such Funding Agent may (but shall not be obligated to) take such action, or refrain from taking such action, such Funding Agent deem advisable.

Notice of Facility Events. (a) No Funding 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 such Funding the Administrative 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 a Funding the Administrative Agent receives such a notice, it shall promptly give notice thereof to the Lender in its Lender Group Funding Agents, the Lenders and to the Administrative Agent and the Collateral Agent (but only if such notice received by such Funding the Administrative Agent was not sent to Administrative Agent and the Collateral Agentsuch Persons). (c) Each Funding The Administrative Agent may take such action concerning a Facility Event or any other matter hereunder as may be directed by the Lender in its Lender Group Majority Lenders or all the Funding Agents (subject to the other provisions of this Section 34, 35 but until such Funding the Administrative Agent receives such directions, such Funding the Administrative Agent may (but shall not be obligated to) take such action, or refrain from taking such action, such Funding as the Administrative Agent deem deems advisable.

Notice of Facility Events. (a) No Funding Agent shall 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 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 a Funding Agent receives such a notice, it shall promptly give notice thereof to the Lender in its Lender Group and to the Administrative Agent and the Collateral Agent (but only if such notice received by such Funding Agent was not sent to the Administrative Agent and the Collateral Agent). (c) Each Funding Agent may take such action concerning a Facility Event as may be directed by the Lender in its Lender Group (subject to the other provisions of this Section 34, 33) but until such Funding Agent receives such directions, such Funding Agent may (but shall not be obligated to) take such action, or refrain from taking such action, as such Funding Agent deem deems advisable.

Notice of Facility Events. (a) No Funding 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 such Funding the Administrative 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 a Funding the Administrative Agent receives such a notice, it shall promptly give notice thereof to the Lender in its Lender Group Funding Agents, the Lenders and to the Administrative Agent and the Collateral Agent (but only if such notice received by such Funding the Administrative Agent was not sent to Administrative Agent and the Collateral Agentsuch Persons). (c) Each Funding The Administrative Agent may take such action concerning a Facility Event or any other matter hereunder as may be directed by the Lender in its Lender Group 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 34, 34 but until such Funding the Administrative Agent receives such directions, such Funding the Administrative Agent may (but shall not be obligated to) take such action, or refrain from taking such action, such Funding as the Administrative Agent deem deems advisable.