Common use of Notice to Owners of Bonds if Default Occurs Clause in Contracts

Notice to Owners of Bonds if Default Occurs. If a Default occurs of which the Trustee has been notified as provided in Section 10.01(h) hereof, or of which by said subsection it is deemed to have notice, then the Trustee shall promptly give notice thereof to the Credit Provider and to the Owner of each Bond.

Appears in 5 contracts

Samples: Lease Agreement (NuStar Energy L.P.), Lease Agreement (NuStar Energy L.P.), Lease Agreement (NuStar Energy L.P.)

AutoNDA by SimpleDocs

Notice to Owners of Bonds if Default Occurs. If a Default occurs of which the Trustee has been notified as provided in Section SECTION 10.01(h) hereof, or of which by said subsection it is deemed to have notice, then the Trustee shall promptly give notice thereof to the Credit Provider Bank and to the Owner of each Bond.

Appears in 2 contracts

Samples: Simmons Co /Ga/, Simmons Co /Ga/

AutoNDA by SimpleDocs

Notice to Owners of Bonds if Default Occurs. If a an Event of Default occurs of which the Trustee has been notified as provided in Section 10.01(h8.01(b)(viii) hereof, or of which by said subsection it is deemed to have notice, then the Trustee shall promptly give notice thereof to the Credit Provider Issuer, the Company and to the Owner of each Bond.

Appears in 2 contracts

Samples: Weirton Steel Corp, Weirton Steel Corp

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!