Common use of Notice of Other Defaults Clause in Contracts

Notice of Other Defaults. In the event that any Indebtedness of the Issuer or any Guarantor is declared due and payable before its maturity because of the occurrence of any default under such Indebtedness, the Issuer or the relevant Guarantor, as the case may be, shall promptly deliver to the Trustee an Officers’ Certificate stating such declaration; provided, that the term “Indebtedness” as used in this Section 4.17 shall not include Non-Recourse Indebtedness.

Appears in 6 contracts

Samples: Indenture (Hovnanian Enterprises Inc), Indenture (Hovnanian Enterprises Inc), Indenture (Hovnanian Enterprises Inc)

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Notice of Other Defaults. In the event that any Indebtedness of the Issuer or any Guarantor is declared due and payable before its maturity because of the occurrence of any default under such Indebtedness, the Issuer or the relevant Guarantor, as the case may be, shall promptly deliver to the Senior Trustee an and Officers’ Certificate stating such declaration; provided, that the term “Indebtedness” as used in this Section 4.17 shall not include Non-Recourse Indebtedness.

Appears in 1 contract

Samples: Indenture (Hovnanian Enterprises Inc)

Notice of Other Defaults. In the event that any Indebtedness of the Issuer or any Guarantor is declared due and payable before its maturity because of the occurrence of any default under such Indebtedness, the Issuer or the relevant Guarantor, as the case may be, shall promptly deliver to the Trustee an and Officers’ Certificate stating such declaration; provided, provided that the term “Indebtedness” as used in this Section 4.17 shall not include Non-Recourse Indebtedness.term

Appears in 1 contract

Samples: Indenture (Hovnanian Enterprises Inc)

Notice of Other Defaults. In the event that any Indebtedness of the Issuer or any Guarantor is declared due and payable before its maturity because of the occurrence of any default under such Indebtedness, the Issuer or the relevant Guarantor, as the case may be, shall promptly deliver to the Trustee an and Officers’ Certificate stating such declaration; provided, provided that the term “Indebtedness” as used in this Section 4.17 shall not include Non-Recourse Indebtedness.

Appears in 1 contract

Samples: Indenture (Hovnanian Enterprises Inc)

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Notice of Other Defaults. In the event that any Indebtedness of the Issuer or any Guarantor is declared due and payable before its maturity because of the occurrence of any default under such Indebtedness, the Issuer or the relevant Guarantor, as the case may be, shall promptly deliver to the Trustee an and Officers' Certificate stating such declaration; provided, PROVIDED that the term "Indebtedness" as used in this Section 4.17 shall not include Non-Recourse Indebtedness.

Appears in 1 contract

Samples: Indenture (Hovnanian Enterprises Inc)

Notice of Other Defaults. In the event that any Indebtedness of the Issuer or any Guarantor is declared due and payable before its maturity because of the occurrence of any default under such Indebtedness, the Issuer or the relevant Guarantor, as the case may be, shall promptly deliver to the Senior Trustee an Officers’ Certificate stating such declaration; provided, that the term “Indebtedness” as used in this Section 4.17 shall not include Non-Recourse Indebtedness.

Appears in 1 contract

Samples: Indenture (Hovnanian Enterprises Inc)

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