Common use of Notices under Related Documents Clause in Contracts

Notices under Related Documents. (a) Each Secured Party agrees: (i) to deliver to Collateral Agent, at the same time it makes delivery to the Obligors, a copy of any notice of default, notice of intent to accelerate or notice of acceleration with respect to any of the Obligations subject to this Agreement; and (ii) to deliver to Collateral Agent, at the same time it makes delivery to any other Person, a copy of any notice of the commencement of any judicial proceeding and a copy of any other notice with respect to the exercise of remedies with respect to the Obligations subject to this Agreement. (b) Collateral Agent shall deliver to each Secured Party (or their designated representative if a group) promptly upon receipt thereof (and in any event within two Business Days), duplicates or copies of any notice received by it under Section 4.01(a) and all notices, requests and other instruments received by Collateral Agent under or pursuant to this Agreement or any Security Document, to the extent that the same shall not have been previously furnished to such Secured Party pursuant hereto or thereto.

Appears in 3 contracts

Samples: Intercreditor and Collateral Agency Agreement (PostRock Energy Corp), Intercreditor Agreement (Quest Resource Corp), Credit Agreement (Quest Energy Partners, L.P.)

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Notices under Related Documents. (a) Each Secured Party Creditor agrees: (i) to deliver to the Collateral Agent, at the same time it makes delivery to the Obligors, a copy of any notice of default, notice of intent to accelerate or notice of acceleration with respect to any of the Obligations subject to this Agreement; and (ii) to deliver to the Collateral Agent, at the same time it makes delivery to any other Person, a copy of any notice of the commencement of any judicial proceeding and a copy of any other notice with respect to the exercise of remedies with respect to the Obligations subject to this Agreement. (b) The Collateral Agent shall deliver to each Secured Party Creditor (or their designated representative if a group) promptly upon receipt thereof (and in any event within two Business Days), duplicates or copies of any notice received by it under Section 4.01(a2.05(a) and all notices, requests and other instruments received by the Collateral Agent under or pursuant to this Agreement or any Security Document, to the extent that the same shall not have been previously furnished to such Secured Party Creditor pursuant hereto or thereto.

Appears in 1 contract

Samples: Intercreditor and Collateral Agency Agreement (Tri Union Development Corp)

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Notices under Related Documents. (a) Each Secured Party agrees: (i) to deliver to Collateral Agent, at the same time it makes delivery to the ObligorsObligor, a copy of any notice of default, notice of intent to accelerate or notice of acceleration with respect to any of the Obligations subject to this Agreement; and (ii) to deliver to Collateral Agent, at the same time it makes delivery to any other Person, a copy of any notice of the commencement of any judicial proceeding and a copy of any other notice with respect to the exercise of remedies with respect to the Obligations subject to this Agreement. (b) Collateral Agent shall deliver to each Secured Party (or their designated representative if a group) promptly upon receipt thereof (and in any event within two Business Days), duplicates or copies of any notice received by it under Section 4.01(a) and all notices, requests and other instruments received by Collateral Agent under or pursuant to this Agreement or any Security Document, to the extent that the same shall not have been previously furnished to such Secured Party pursuant hereto or thereto.

Appears in 1 contract

Samples: Intercreditor and Collateral Agency Agreement (PostRock Energy Corp)

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