Common use of Notification of default Clause in Contracts

Notification of default. (a) The Borrower shall notify the Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence. (b) Promptly upon a request by the Agent, the Borrower shall supply to the Agent 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 19 contracts

Samples: Facility Agreement (Madeleine Charging B.V.), Secured Loan Agreement (DHT Holdings, Inc.), Facility Agreement (Sesa Sterlite LTD)

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Notification of default. (a) The Borrower shall notify the Agent Lender of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence. (b) Promptly upon a request by the AgentLender, the Borrower shall supply to the Agent 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 19 contracts

Samples: Facility Agreement (Car Tech, LLC), Facility Agreement (Melco Resorts & Entertainment LTD), Facility Agreement (ChinaEdu CORP)

Notification of default. (a) The Borrower shall notify the Facility Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence. (b) Promptly upon a request by the Facility Agent, the Borrower shall supply to the Facility Agent a certificate signed by two of its directors or senior officers an Officer, 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 8 contracts

Samples: Facility Agreement (PT Indosat TBK), Facility Agreement (PT Indosat TBK), Facility Agreement (PT Indosat TBK)

Notification of default. (a) The Borrower shall notify the Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence. (b) Promptly upon a request by the Agent, the Borrower shall supply to the Agent a certificate signed by two of its directors or senior officers on its behalf certifying to the best of their knowledge and belief 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 7 contracts

Samples: Secured Reducing Revolving Loan Facility Agreement (Gulfmark Offshore Inc), Secured Reducing Revolving Loan Facility Agreement (Gulfmark Offshore Inc), Secured Reducing Revolving Loan and Letter of Credit Facility Agreement (Gulfmark Offshore Inc)

Notification of default. (a) The Borrower Borrowers shall notify the Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence. (b) Promptly upon a request by the Agent, the each Borrower shall supply to the Agent 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 6 contracts

Samples: Secured Loan Agreement (Diana Shipping Inc.), Secured Loan Agreement (Diana Shipping Inc.), Secured Loan Agreement (Baltic Trading LTD)

Notification of default. (a) The Borrower shall notify the Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence. (b) Promptly upon a request by the AgentAgent (not more than twice annually commencing on the date of this Agreement), the Borrower shall supply to the Agent a certificate signed by two of its directors or senior officers on its behalf a Responsible Officer 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 5 contracts

Samples: Multicurrency Revolving Facility Agreement (Anthracite Capital Inc), Multicurrency Revolving Facility Agreement (Anthracite Capital Inc), Multicurrency Revolving Facility Agreement (Anthracite Capital Inc)

Notification of default. (a) The Borrower Each Obligor shall notify the Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrenceoccurrence (unless the Agent has received such notification from another Obligor). (b) Promptly upon a request by the Agent, the Borrower Company shall supply to the Agent a certificate signed by two of its directors a director or senior officers officer 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 (Sappi LTD), Amending Agreement (Sappi LTD), Credit Agreement (Sappi LTD)

Notification of default. (a) The Borrower Company shall notify the Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence. (b) Promptly upon a request by the Agent, the Borrower Company shall supply to the Agent a certificate signed by two of its directors the CEO, CFO or senior officers other managing director 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: Facility Agreement (InterXion Holding N.V.), Facility Agreement (InterXion Holding N.V.), Facility Agreement (InterXion Holding N.V.)

Notification of default. (a) The Borrower Each Obligor shall notify the Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence. (b) Promptly upon a request by the Agent, the Borrower shall supply to the Agent 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 3 contracts

Samples: Amendment and Restatement Agreement (DHT Holdings, Inc.), Term Loan Facility Agreement (DHT Holdings, Inc.), Facility Agreement (China Shandong Industries, Inc.)

Notification of default. (a) The Borrower shall notify the Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence. (b) Promptly upon a request by the Agent, the Borrower shall supply to the Agent 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 3 contracts

Samples: Facility Agreement (Hoegh LNG Partners LP), Amendment and Restatement Agreement (Sesa Sterlite LTD), Facility Agreement (Sesa Sterlite LTD)

Notification of default. (a) The Borrower shall notify the Facility Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence. (b) Promptly upon a request by the Facility Agent, the Borrower shall supply to the Facility Agent a certificate signed by two of its directors one director or a duly authorised senior officers manager 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 2 contracts

Samples: Facility Agreement (Randgold Resources LTD), Facility Agreement (Randgold Resources LTD)

Notification of default. (a) The Borrower shall notify the Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence. (b) Promptly upon a reasonable request by the Agent, the Borrower shall supply to the Agent 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 2 contracts

Samples: Facility Agreement (TOM Group LTD), Facility Agreement (Tom Online Inc)

Notification of default. (a) 20.4.1 The Borrower shall notify the Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence. (b) 20.4.2 Promptly upon a request by the Agent, the Borrower shall supply to the Agent 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 2 contracts

Samples: Borrowing Base Facility Agreement (MIE Holdings Corp), Shares Purchase Agreement (MIE Holdings Corp)

Notification of default. (a) The Borrower Obligors shall notify the Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence. (b) Promptly upon a request by the Agent, the Borrower Parent shall supply to the Agent 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 2 contracts

Samples: Facility Agreement (DHT Holdings, Inc.), Facility Agreement (DHT Holdings, Inc.)

Notification of default. (a) The Borrower shall notify the Facility Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence. (b) Promptly upon a on request by the Facility Agent, the Borrower shall must supply to the Facility Agent a certificate certificate, signed by two one 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: Senior Facility Agreement (Wanda Sports Group Co LTD), Senior Facility Agreement (Wanda Sports Group Co LTD)

Notification of default. (a) The Borrower Each Obligor shall notify the Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence. (b) Promptly upon a request by the Agent, the Borrower shall supply to the Agent a certificate signed by two of its directors a director or senior officers officer on its behalf certifying that no whether a Default is continuing has occurred (or and 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 (Sappi LTD), Facility Agreement (Sappi LTD)

Notification of default. (a) 20.5.1 The Borrower and the Guarantor shall notify the Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence. (b) 20.5.2 Promptly upon a request by the Agent, the Borrower shall supply to the Agent 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 2 contracts

Samples: Secured Loan Agreement, Secured Loan Agreement (HC2 Holdings, Inc.)

Notification of default. (aA) The Borrower shall notify the Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence. (bB) Promptly upon a request by the Agent, the Borrower shall supply to the Agent a certificate signed by two of its directors or senior officers authorised signatories 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 2 contracts

Samples: Bridge and Term Facilities Agreement (Rentokil Initial PLC /Fi), Bridge and Term Facilities Agreement (Rentokil Initial PLC /Fi)

Notification of default. (a) The Borrower Each Obligor shall notify the Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence. (b) Promptly upon a written request by the Agent, the Borrower shall supply to the Agent a certificate signed by two a director of its directors or senior officers the Borrower on its the Borrower’s 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 Facility Agreement (Tongjitang Chinese Medicines Co)

Notification of default. (a) The Each of the Borrower and the Guarantor shall notify the Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence. (b) Promptly upon a request by the Agent, the Borrower shall supply to the Agent 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: Term Loan Facility Agreement (DHT Holdings, Inc.)

Notification of default. (a) The Borrower shall notify the Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence. (b) Promptly upon a request by the Agent, the Borrower shall supply confirm to the Agent 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: Facility Agreement (AstraZeneca Biopharmaceuticals Inc.)

Notification of default. (a) The Borrower shall notify the Facility Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence. (b) Promptly upon a request by the Facility Agent, the Borrower shall supply to the Facility Agent a certificate signed by two of its directors or senior officers an authorised signatory 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: Secured Bridge Facility Agreement (Cemex Sab De Cv)

Notification of default. (a) 18.3.1 The Borrower shall notify the Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence. (b) 18.3.2 Promptly upon a request by the Agent, the Borrower shall supply to the Agent a certificate signed by two the Financial Secretary of its directors the Borrower or senior officers the Accountant General of the Borrower 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: Revolving Facility Agreement

Notification of default. (a) The Borrower shall notify the Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence. (b) Promptly upon a request by the Agent, the Borrower shall supply to the Agent a certificate signed by two an authorised signatory of its directors or senior officers on its behalf the Borrower 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 (KNOT Offshore Partners LP)

Notification of default. (a) The Borrower shall notify the Agent of any Event of Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence. (b) Promptly upon a request by the Agent, the Borrower shall supply to the Agent a certificate signed by two of its directors a director or senior officers authorized officer on its behalf certifying that no Event of Default is continuing (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 1 contract

Samples: Facility Agreement (Stats Chippac Ltd.)

Notification of default. (a) The Borrower shall notify the Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence. (b) Promptly upon a request by the Agent, the Borrower shall supply to the Agent a certificate signed by two a duly authorized member of its directors or senior officers the board of director 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: Development Facility Agreement

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Notification of default. (a) The Borrower shall notify the Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence. (b) Promptly upon a request by the Agent, the Borrower shall supply to the Agent a certificate signed by two the chief executive officer or the chief financial officer of its directors or senior officers the Borrower 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: Facility Agreement (Polestar Automotive Holding UK PLC)

Notification of default. (a) The Borrower shall notify the Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence. (b) Promptly upon a request by the Agent, the Borrower shall supply to the Agent a certificate declaration signed by two of its directors or senior officers an authorised signatory on its behalf certifying declaring 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 (Melco PBL Entertainment (Macau) LTD)

Notification of default. (a) The Borrower Each of the Borrowers and the Guarantor shall notify the Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence. (b) Promptly upon a request by the Agent, the Borrower Borrowers shall supply to the Agent 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: Term Loan Facilities Agreement (DHT Holdings, Inc.)

Notification of default. (a) The Borrower shall notify the Facility Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence. (b) Promptly upon a request by the Facility Agent, the Borrower shall supply to the Facility Agent a certificate signed by two of its directors representative director or senior officers on its behalf officer 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: Senior Facilities Agreement (Net 1 Ueps Technologies Inc)

Notification of default. (a) The Borrower shall notify the Facility Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence. (b) Promptly upon a request by the Facility Agent, the Borrower shall supply to the Facility Agent a certificate signed by two of its directors or senior officers on its behalf representative director 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: Bridge Facility Agreement (Visteon Corp)

Notification of default. (a) The Borrower Borrowers shall notify the Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence. (b) Promptly upon a request by the Agent, the each Borrower shall supply to the Agent a certificate signed by two of its directors or a senior officers officer 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: Secured Loan Agreement (Poseidon Containers Holdings Corp.)

Notification of default. (a) The Borrower shall notify the Agent of any Default (and any Early Amortisation Event under any Origination Document and the steps, if any, being taken to remedy it) it promptly upon becoming aware of its occurrence. (b) Promptly upon a request by the Agent, the Borrower shall supply to the Agent 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: Facilities Agreement (Exide Corp)

Notification of default. (a) The Borrower shall notify the Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence. (b) Promptly upon a request by the Agent, the Borrower shall supply to the Agent 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).. 49173559_13

Appears in 1 contract

Samples: Facility Agreement (Diodes Inc /Del/)

Notification of default. Each Borrower shall:- (a) The Borrower shall notify the Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence.; and (b) Promptly promptly upon a request by the Agent, the Borrower shall supply to the Agent 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: Secured Loan Agreement (DryShips Inc.)

Notification of default. (a) The Borrower Borrowers shall notify the Facility Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence. . 52 | 123 (b) Promptly upon a request by the Facility Agent, the Borrower Borrowers shall supply to the Facility Agent a certificate signed by two an authorised signatory of its directors or senior officers on its behalf the Ultimate Parent 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: Senior Secured Term Loan Facility Agreement (Flex LNG Ltd.)

Notification of default. (a) 16.6.1 The Borrower shall notify the Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence. (b) 16.6.2 Promptly upon a request by the Agent, the Borrower shall supply to the Agent a certificate signed by two one 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: Facility Agreement (Hines Global REIT, Inc.)

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

Appears in 1 contract

Samples: Facility Agreement (Polestar Automotive Holding UK PLC)

Notification of default. (a) The Borrower shall notify the Facility Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence. (b) Promptly upon a request by the Facility Agent, the Borrower shall supply to the Facility Agent 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: Facility Agreement (Golden Meditech Holdings LTD)

Notification of default. (a) The Borrower shall notify the Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence. (b) Promptly upon a request by the Agent, the Borrower shall supply to the Agent a certificate signed by two of its directors a director, an authorised signatory or a senior officers officer 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: Facility Agreement (Chartered Semiconductor Manufacturing LTD)

Notification of default. (a) 18.5.1 The Borrower shall notify the Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence. (b) 18.5.2 Promptly upon a request by the Agent, the Borrower shall supply to the Agent 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: Term and Revolving Facilities Agreement (Cellcom Israel Ltd.)

Notification of default. (a) The Borrower shall notify the Facility Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence. (b) Promptly upon a request by the Facility Agent, the Borrower shall supply confirm to the Facility Agent 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: Facility Agreement (AstraZeneca Biopharmaceuticals Inc.)

Notification of default. (a) The Borrower shall notify the Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence. (b) Promptly upon a request by the Agent, the Borrower shall supply to the Agent a certificate signed by two of its directors or senior officers on its 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: Mezzanine Facility Agreement (American Realty Capital Global Trust II, Inc.)

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