Common use of Notification of default Clause in Contracts

Notification of default. 18.7.1. The Borrower shall notify the Lender of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence. 18.7.2. Promptly upon a request by the Lender, the Borrower shall supply to the Lender a certificate, signed by two of its directors or senior officers on its behalf, certifying that no Default is continuing (or if a Default is continuing, specifying the Default and the steps, if any, being taken to remedy it).

Appears in 4 contracts

Samples: Term Loan Facility Agreement (Harmony Gold Mining Co LTD), Term Loan Facility Agreement (Harmony Gold Mining Co LTD), Term Loan Facility Agreement (Harmony Gold Mining Co LTD)

AutoNDA by SimpleDocs

Notification of default. 18.7.1. (a) The Borrower shall notify the Lender of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence. 18.7.2. (b) Promptly upon a request by the Lender, the Borrower shall supply to the Lender a certificate, certificate signed by two of its directors or senior officers on its behalf, behalf certifying that no Default is continuing (or if a Default is continuing, specifying the Default and the steps, if any, being taken to remedy it).

Appears in 3 contracts

Samples: Facility Agreement (Xunlei LTD), Facility Agreement, Facility Agreement (Cordlife Group LTD)

Notification of default. 18.7.1. 15.4.1 The Borrower shall notify the Lender of any Default (and the steps, if any, steps being taken to remedy it) promptly upon becoming aware of its occurrence. 18.7.2. 15.4.2 Promptly upon a request by the Lender, the Borrower shall supply to the Lender a certificate, certificate signed by two of its directors or senior officers (acting on the instructions of the board of directors of the Borrower) on its behalf, behalf certifying that no Default is continuing (or if a Default is continuing, specifying the Default and the steps, if any, being taken to remedy it).

Appears in 2 contracts

Samples: Single Currency Interim Capital Support Facility Agreement, Single Currency Interim Revenue Support Facility Agreement

Notification of default. 18.7.1. (a) The Borrower shall notify the Lender of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence. 18.7.2. (b) Promptly upon a reasonable request by the Lender, the Borrower shall supply to the Lender a certificate, signed by two of its directors or senior officers on its behalf, certificate certifying that no Default is continuing (or if a Default is continuing, specifying the Default and the steps, if any, being taken to remedy it).

Appears in 2 contracts

Samples: Facility Agreement, Facility Agreement (Fang Nengbin)

Notification of default. 18.7.1. (a) The Borrower Borrowers shall notify the Lender of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence. 18.7.2. (b) Promptly upon a request by the Lender, the each Borrower shall supply to the Lender a certificate, certificate signed by two of its directors or senior officers on its behalf, behalf certifying that no Default is continuing (or if a Default is continuing, specifying the Default and the steps, if any, being taken to remedy it).

Appears in 2 contracts

Samples: Loan Agreement (Diana Shipping Inc.), Secured Loan Agreement (Danaos Corp)

Notification of default. 18.7.1. The Borrower shall notify the Lender of any Potential Event of Default or Event of Default (and the steps, if any, being taken to remedy it) promptly upon on becoming aware of its occurrence. 18.7.2. Promptly upon a The Borrower shall, promptly on request by the Lender, the Borrower shall supply to the Lender a certificate, certificate signed by two of its directors board members or senior officers on its behalf, behalf certifying that no Event of Default is continuing (or or, if a an Event of Default is continuing, specifying the Event of Default and the steps, if any, being taken to remedy it).

Appears in 2 contracts

Samples: Facility Agreement, Facility Agreement

Notification of default. 18.7.1. The 20.5.1 Each Borrower shall notify the Lender of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence. 18.7.2. 20.5.2 Promptly upon a request by the Lender, the each Borrower shall supply to the Lender a certificate, certificate signed by two of its directors or senior officers on its behalf, behalf certifying that no Default is continuing (or if a Default is continuing, specifying the Default and the steps, if any, being taken to remedy it).

Appears in 1 contract

Samples: Secured Loan Agreement (Performance Shipping Inc.)

Notification of default. 18.7.1. 19.5.1 The Borrower shall must notify the Lender of any Default (and the steps, if any, being taken to remedy it) promptly upon on becoming aware of its occurrencethat it has occurred. 18.7.2. Promptly upon a request by 19.5.2 If the LenderLender so requests, the Borrower shall supply to the Lender must promptly provide a certificate, certificate signed by two of its directors or senior officers on its behalf, certifying officers. The certificate must confirm that no Default is continuing (or if a Default is continuing, specifying specify the Default and the steps, if any, being taken to remedy it).

Appears in 1 contract

Samples: Facility Agreement (Transatlantic Petroleum Ltd.)

Notification of default. 18.7.1. The 19.5.1 Each Borrower shall notify the Lender of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence. 18.7.2. 19.5.2 Promptly upon a request by the Lender, the each Borrower shall supply to the Lender a certificate, certificate signed by two of its directors or senior officers on its behalf, behalf certifying that no Default is continuing (or if a Default is continuing, specifying the Default and the steps, if any, being taken to remedy it).

Appears in 1 contract

Samples: Secured Loan Agreement (Euroseas Ltd.)

Notification of default. 18.7.1. 15.5.1 The Borrower shall notify the Lender of any Default (and the steps, if any, steps being taken to remedy it) promptly upon becoming aware of its occurrence. 18.7.2. 15.5.2 Promptly upon a request by the Lender, the Borrower shall supply to the Lender a certificate, certificate signed by two of its directors or senior officers (acting on the instructions of the board of directors of the Borrower) on its behalf, behalf certifying that no Default is continuing (or if a Default is continuing, specifying the Default and the steps, if any, being taken to remedy it).

Appears in 1 contract

Samples: Single Currency Interim Revolving Working Capital Support Facility Agreement

Notification of default. 18.7.1. (a) The Borrower shall notify the Lender of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence. 18.7.2. (b) Promptly upon a request by the Lender, the Borrower shall supply to the Lender a certificate, certificate duly signed by two of its directors director or senior officers on its behalf, behalf certifying that no Default is continuing (or if a Default is continuing, specifying the Default and the steps, if any, being taken to remedy it).

Appears in 1 contract

Samples: Secured Loan Agreement (Paragon Shipping Inc.)

Notification of default. 18.7.1. 13.2.1 The Borrower shall notify the Lender Lenders of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence. 18.7.2. 13.2.2 Promptly upon a request by the LenderLenders, the Borrower shall supply to the Lender Lenders a certificate, certificate signed by two of its directors or senior officers on its behalf, behalf certifying that no Default is continuing (or if a Default is continuing, specifying the Default and the steps, if any, being taken to remedy it).

Appears in 1 contract

Samples: Term Loan Facility Agreement (Far East Energy Corp)

Notification of default. 18.7.1. 17.2.1 The Borrower shall notify the Lender of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence. 18.7.2. 17.2.2 Promptly upon a request by the Lender, the Borrower shall supply to the Lender a certificate, certificate signed by two of its directors or senior officers on its behalf, behalf certifying that no Default is continuing (or if a Default is continuing, specifying the Default and the steps, if any, being taken to remedy it).

Appears in 1 contract

Samples: Facility Agreement (Nbty Inc)

Notification of default. 18.7.1. (a) The Borrower shall notify the Lender of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence. 18.7.2. (b) Promptly upon a request by the Lender, the Borrower shall supply to the Lender a certificate, certificate signed by two of its directors or senior officers on its behalf, behalf certifying that no Default is continuing (or if a Default is continuing, specifying the Default and the steps, if any, being taken to remedy it).

Appears in 1 contract

Samples: Facility Agreement

Notification of default. 18.7.11 1 . 2 . 1 The Borrower shall notify the Lender of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence. 18.7.21 1 . 2 . 2 Promptly upon a written request by the Lender, the Borrower shall supply to the Lender a certificate, certificate signed by two of its directors or senior officers on its behalf, behalf certifying that no Default is continuing (or if a Default is continuing, specifying the Default and the steps, if any, being taken to remedy it).

Appears in 1 contract

Samples: Loan Agreement (REZOLVE AI LTD)

Notification of default. 18.7.1. (a) The Borrower shall notify the Lender of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence. 18.7.2. (b) Promptly upon a request by the Lender, the Borrower shall supply to the Lender a certificate, certificate signed by two of its directors or senior officers or an authorised signatory on its behalf, behalf certifying that no Default is continuing (or if a Default is continuing, specifying the Default and the steps, if any, being taken to remedy it).

Appears in 1 contract

Samples: Secured Loan Agreement (DryShips Inc.)

AutoNDA by SimpleDocs

Notification of default. 18.7.1. (a) The Borrower shall notify the Lender of any Default (and the steps, if it any, being taken to remedy it) promptly upon becoming aware of its occurrence. 18.7.2. (b) Promptly upon a request by the Lender, the Borrower shall supply to the Lender a certificate, certificate signed by two of its directors or senior officers on its behalf, behalf certifying that no Default is continuing (or if a Default is continuing, specifying the Default and the steps, if any, being taken to remedy it).

Appears in 1 contract

Samples: Secured Multi Currency Reducing Revolving Credit Facility Agreement (Safe Bulkers, Inc.)

Notification of default. 18.7.1. i) The Borrower shall forthwith notify the Lender of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence). 18.7.2. ii) Promptly upon a request by the Lender, the Borrower shall supply to the Lender a certificate, certificate signed by two one of its directors or senior officers authorised signatory on its behalf, behalf certifying that no Default is continuing (or if a Default is continuing, specifying the Default and the steps, if any, being taken to remedy it).

Appears in 1 contract

Samples: Facility Agreement

Notification of default. 18.7.1. 17.3.1 The Borrower shall notify the Lender of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence. 18.7.2. 17.3.2 Promptly upon a request by the Lender, the Borrower shall supply to the Lender a certificate, certificate signed by two of its directors or senior officers on its behalf, behalf certifying that no Default is continuing (or if a Default is continuing, specifying the Default and the steps, if any, being taken to remedy it).

Appears in 1 contract

Samples: Facility Agreement (Utah Medical Products Inc)

Notification of default. 18.7.1. (a) The Borrower shall notify the Lender of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence. 18.7.2. (b) Promptly upon a request by the Lender, the Borrower shall supply to the Lender a certificate, certificate signed by two of its directors or a senior officers officer on its behalf, behalf certifying that no Default is continuing (or if a Default is continuing, specifying the Default and the steps, if any, being taken to remedy it).

Appears in 1 contract

Samples: Secured Loan Agreement (Poseidon Containers Holdings Corp.)

Notification of default. 18.7.1. The Borrower Each Obligor shall notify the Lender of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence. 18.7.2. Promptly upon a request by the Lender, the Borrower shall supply to the Lender a certificate, signed by certificate of two of its directors or senior officers on its behalf, behalf certifying that no Default is continuing (or or, if a Default is continuing, specifying the Default and the steps, if any, being taken to remedy it).

Appears in 1 contract

Samples: Facility Agreement (China National Chemical Corp)

Notification of default. 18.7.1. (a) The Borrower shall notify the Lender of any Default (and the steps, if any, being taken to remedy it) promptly upon promptly-upon-becoming aware of its occurrence. 18.7.2. (b) Promptly upon a request by the Lender, the Borrower shall supply to the Lender a certificate, certificate signed by two of its directors or senior officers on its behalf, behalf certifying that no Default is continuing (or if a Default is continuing, specifying the Default and the steps, if any, being taken to remedy it).

Appears in 1 contract

Samples: Credit Facility Agreement (Safe Bulkers, Inc.)

Notification of default. 18.7.1. (a) The Borrower shall notify the Lender of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence. 18.7.2. (b) Promptly upon a request by the Lender, the Borrower shall supply to the Lender a certificate, certificate signed by two of its directors or senior officers on its behalf, behalf certifying that no Default is continuing (or or, if a Default is continuing, specifying the Default and the steps, if any, being taken to remedy it).

Appears in 1 contract

Samples: Margin Loan Facility Agreement (E-House (China) Holdings LTD)

Notification of default. 18.7.1. 16.5.1 The Borrower shall notify the Lender of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence. 18.7.2. Promptly upon a request by the Lender, the Borrower shall supply to the Lender a certificate, signed by two of its directors or senior officers on its behalf, certifying that no Default is continuing (or if a Default is continuing, specifying the Default and the steps, if any, being taken to remedy it).

Appears in 1 contract

Samples: Loan Agreement (Tiffany & Co)

Notification of default. 18.7.1. (a) The Borrower shall notify the Lender of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence. 18.7.2. (b) Promptly upon a request by the Lender, the Borrower Company shall supply to the Lender a certificate, certificate signed by two of its directors or senior officers on its behalf, behalf certifying that no Default is continuing (or if a Default is continuing, specifying the Default and the steps, if any, being taken to remedy it).

Appears in 1 contract

Samples: Facility Agreement

Notification of default. 18.7.1. 19.5.1 The Borrower shall must notify the Lender of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrenceon realising it has happened. 18.7.2. Promptly upon a request by 19.5.2 If the LenderLender so requests, the Borrower shall supply to the Lender must promptly provide a certificate, certificate signed by two of its directors or senior officers on its behalf, certifying officers. The certificate must confirm that no Default is continuing (or if a Default is continuing, specifying specify the Default and the steps, if any, being taken to remedy it).

Appears in 1 contract

Samples: Trade Finance Term Loan Facility (Transatlantic Petroleum Ltd.)

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