Notices; Certain Actions. So long as any Secured Obligations remain outstanding in respect of more than one class of Secured Parties, the following provisions shall apply:
(a) Each Secured Representative hereby agrees to give, pursuant to the terms set forth in the Financing Documents, the Collateral Trustee and each other Secured Representative prompt written notice of the occurrence of (i) any Event of Default under such Person’s Financing Documents, as applicable, of which such Person has written notice, and (ii) acceleration of the maturity of any Secured Obligations under any of the Financing Documents for which it acts as a Secured Representative wherein such Secured Obligations have been declared to be or have automatically become due and payable prior to the scheduled maturity thereof or termination date thereunder (or similar remedial actions including demands for cash collateral, have been taken) and setting forth the aggregate amount of Secured Obligations (including the Outstanding Amount (calculated both with and without giving effect to the proviso to the definition of such term)) that have been so accelerated under such Financing Documents, in each case, as soon as practicable after the occurrence thereof (and, in any event, within five Business Days after the occurrence thereof); provided, however, that the failure to provide such notice shall not limit or impair the rights of the Secured Parties, or the obligations of the Borrowers or any other Loan Party, hereunder or under the other Financing Documents. No Agent or any other Secured Representative shall be deemed to have knowledge or notice of the occurrence of an Event of Default under the Financing Documents to which it is a party until such Agent or such other Secured Representative has received a written notice of such Event of Default from any other Agent or any other such Secured Representative, the relevant Borrower, the other Loan Parties or any other Secured Party for whom such Agent or such Secured Representative is acting as representative, agent or trustee.
(b) The Collateral Trustee hereby agrees to give each Secured Representative written notice of the occurrence of an Event of Default promptly following receipt thereof of written notice to it and provide a copy of all other information provided to it by the Company or any other Loan Party under the Security Documents upon request.
(c) Each Loan Party hereby agrees that, at any time and from time to time, at its sole cost and expense, it shall promp...
Notices; Certain Actions. So long as any Secured Obligation remains outstanding in respect of more than one class of Secured Parties, each Security Agent hereby agrees to give the Collateral Agent and each other Security Agent notice of (i) the occurrence of an Event of Default under any of the Financing Documents for which it acts as a Security Agent promptly after it shall become aware thereof, provided, however, that no Security Agent shall be liable for any failure to provide any such notice and no such failure shall limit or impair the rights of the Secured Parties hereunder or under the other Financing Documents, and (ii) the acceleration of the maturity of any Secured Obligations under any of the Financing Documents for which it acts as a Security Agent promptly after it shall become aware thereof, and setting forth the aggregate amount of Secured Obligations that have been so accelerated under such Financing Documents.
Notices; Certain Actions. So long as any Secured Obligations remain outstanding in respect of more than one class of Secured Parties, the following provisions shall apply:
(a) Each Secured Debt Representative hereby agrees to give, pursuant to the terms set forth in the Financing Documents, the Collateral Agent and each other Secured Debt Representative prompt written notice of the occurrence of (i) any Event of Default under such Person’s Financing Documents, as applicable, of which such Person has written notice, and (ii) acceleration of the maturity of any Secured Obligations under any of the Financing Documents for which it acts as a Secured Debt Representative wherein such Secured Obligations have been declared to be or have automatically become due and payable prior to the scheduled maturity thereof or termination date thereunder (or similar remedial actions including demands for cash collateral, have been taken) and setting forth the aggregate amount of Secured Obligations that have been so accelerated under such Financing Documents, in each case, as soon as practicable after the occurrence thereof (and, in any event, within five Business Days after the occurrence thereof); provided, however, that the failure to provide such notice shall not limit or impair the rights of the Secured Parties, or the obligations of the Borrower or any other Loan Party, hereunder or under the other
