Common use of Notification of default Clause in Contracts

Notification of default. 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 (unless that Obligor is aware that a notification has already been provided by another Obligor).

Appears in 39 contracts

Samples: Sustainability Linked Revolving Credit Facility Agreement (ICL Group Ltd.), Amendment and Restatement Agreement (Ferguson PLC), Amendment and Restatement Agreement

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Notification of default. (a) Each Obligor shall notify the Agent Agent, of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence (unless that Obligor is aware that a notification has already been provided by another Obligor).

Appears in 10 contracts

Samples: Credit Facility Agreement (Gold Fields LTD), Credit Facility Agreement, Bridge Facility Agreement (Gold Fields LTD)

Notification of default. (a) Each Obligor 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 (unless that Obligor is aware that a notification has already been provided by another Obligor).

Appears in 8 contracts

Samples: Term Loan Facility (Seanergy Maritime Holdings Corp.), Facility Agreement (Seanergy Maritime Holdings Corp.), Secured Revolving Facility Agreement (Klondex Mines LTD)

Notification of default. Each Obligor 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 (unless that Obligor is aware that a notification has already been provided by another Obligor).

Appears in 6 contracts

Samples: Borrowing Base Facility Agreement (Transglobe Energy Corp), Syndication and Amendment Agreement (Shire PLC), Facility Agreement (Shire Ltd.)

Notification of default. (a) Each Obligor shall notify the COFACE Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence (unless that Obligor is aware that a notification has already been provided by another Obligor).

Appears in 4 contracts

Samples: Supplemental Agreement (Iridium Communications Inc.), Supplemental Agreement (Iridium Communications Inc.), Loan Agreement (Iridium Communications Inc.)

Notification of default. (a) Each Obligor 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 (unless that Obligor is aware that a notification has already been provided by another Obligor).

Appears in 4 contracts

Samples: Facilities Agreement (Euronav NV), Addendum to First Preferred Marshall Islands Mortgage (Ocean Rig UDW Inc.), Multi Currency Term, Revolving Credit Facilities Agreement (Iron Mountain Inc/Pa)

Notification of default. 20.8.1 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 (unless that Obligor is aware that a notification has already been provided by another Obligor).

Appears in 3 contracts

Samples: Term Facility Agreement (Enstar Group LTD), Term Facility Agreement (Enstar Group LTD), Term Facility Agreement (Enstar Group LTD)

Notification of default. (a) Each Obligor 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 (unless that Obligor is aware that such a notification has already been provided by another Obligor).

Appears in 3 contracts

Samples: Deed of Amendment Agreement (RISE Education Cayman LTD), Facility Agreement (WuXi PharmaTech (Cayman) Inc.), Facility Agreement (WuXi PharmaTech (Cayman) Inc.)

Notification of default. Each Obligor 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 (unless that Obligor is aware that a notification has already been provided by another Obligor).

Appears in 2 contracts

Samples: Subordination and Obligors' Undertaking Agreement, Subordination and Obligors' Undertaking Agreement

Notification of default. (a) Each Obligor shall notify the Agent of of: (i) any Default Value Deficiency Event; or (ii) any other Default, (and in each case the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence (unless that Obligor is aware that a notification has already been provided by another Obligor).

Appears in 2 contracts

Samples: Senior Term Facilities Agreement (CorpAcq Group PLC), Senior Term Facilities Agreement (CorpAcq Group PLC)

Notification of default. (a) Each Obligor 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 (unless that Obligor it is aware that a notification has already been provided by another Obligor).

Appears in 2 contracts

Samples: Uncommitted Borrowing Base Facility Agreement (Hafnia LTD), Uncommitted Borrowing Base Facility Agreement (Hafnia LTD)

Notification of default. (a) Each Obligor shall notify the Agent of any continuing Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence (unless that Obligor is aware that a notification has already been provided by another Obligor).

Appears in 2 contracts

Samples: Amendment and Restatement Agreement (Melco Resorts & Entertainment LTD), Amendment and Restatement Agreement (STUDIO CITY INTERNATIONAL HOLDINGS LTD)

Notification of default. (a) Each Obligor shall notify the Facility Agent of any Default (and the steps, if any, being taken or to be taken to remedy it) promptly upon becoming aware of its occurrence (unless that Obligor is aware that a notification has already been provided by another Obligor).

Appears in 1 contract

Samples: Common Terms Agreement (Sedibelo Resources LTD)

Notification of default. Each Obligor shall notify the Agent Agents of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence (unless that Obligor is aware that a notification has already been provided by another Obligor).

Appears in 1 contract

Samples: Term and Revolving Facilities Agreement (International Textile Group Inc)

Notification of default. 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 (unless that Obligor is aware that a notification has already been provided by another the other Obligor).

Appears in 1 contract

Samples: Facility Agreement (Aegean Marine Petroleum Network Inc.)

Notification of default. 26.2.1 Each Obligor shall notify the Agent of any Event of Default in relation to itself and the Company shall notify the Agent of any Special Early Termination Event (and in each case the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence (unless that Obligor is aware that a notification has already been provided by another Obligor).

Appears in 1 contract

Samples: Credit Agreement (Axa Financial Inc)

Notification of default. 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 (unless that Obligor is aware that a notification regarding such Default has already been provided by another Obligor).

Appears in 1 contract

Samples: Term Facilities Agreement (Shire PLC)

Notification of default. (a) Each Obligor 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 (unless that Obligor is aware that a notification has already been provided by another Obligor).

Appears in 1 contract

Samples: Facility Agreement (Navios Maritime Partners L.P.)

Notification of default. Each Obligor shall notify the Agent of any Default which is continuing (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence (unless that Obligor is aware that a notification has already been provided by another Obligor).

Appears in 1 contract

Samples: Notes Purchase Agreement (Membership Collective Group Inc.)

Notification of default. (a) 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 (unless that Obligor is aware that a the Agent has received such notification has already been provided by another Obligor).

Appears in 1 contract

Samples: Facility Agreement (Sappi LTD)

Notification of default. 19.7.1. Each Obligor shall notify the Facility Agent of any Default that is continuing (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence (unless that Obligor is aware that a notification has already been provided by another Obligor).

Appears in 1 contract

Samples: Term and Revolving Credit Facilities Agreement (Sibanye Gold LTD)

Notification of default. Each Obligor 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 (unless that Obligor is aware that a notification has already been provided by another Obligor)occurrence.

Appears in 1 contract

Samples: Facility Agreement (Reckitt Benckiser Group PLC)

Notification of default. 20.6.1 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 (unless that Obligor is aware that a notification has already been provided by another Obligor).

Appears in 1 contract

Samples: Facilities Agreement (Elbit Imaging LTD)

Notification of default. 12.5.1 Each Obligor 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 (unless that Obligor is aware that a notification has already been provided by another Obligor).

Appears in 1 contract

Samples: Common Terms Agreement (Anooraq Resources Corp)

Notification of default. 20.9.1 Each Obligor shall notify the Administrative Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence (unless that Obligor is aware that a notification has already been provided by another Obligor).

Appears in 1 contract

Samples: Senior Facilities Agreement (Equinix Inc)

Notification of default. 21.6.1 Each Obligor 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 (unless that Obligor is aware that a notification has already been provided by another Obligor).

Appears in 1 contract

Samples: Facilities Agreement (UTi WORLDWIDE INC)

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Notification of default. (a) 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 and in any event within five days after becoming aware of the occurrence of such Default (unless that Obligor is aware that a notification has already been provided by another Obligor).

Appears in 1 contract

Samples: Facilities Agreement (Cemex Sab De Cv)

Notification of default. Each Obligor shall notify the Agent of any Default or Exclusive US Obligor Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence (unless that Obligor is aware that a notification has already been provided by another Obligor).

Appears in 1 contract

Samples: Multicurrency Facilities Agreement (Pernod Ricard S a /Fi)

Notification of default. 20.7.1 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 (unless that Obligor is aware that a notification has already been provided by another Obligor).

Appears in 1 contract

Samples: Term Loan and Multicurrency Revolving Facilities Agreement (AVG Technologies N.V.)

Notification of default. 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 (occurrence, unless that Obligor is aware that a notification has already been provided by another Obligor).

Appears in 1 contract

Samples: Facility Agreement (Waterford Wedgwood PLC)

Notification of default. 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 (unless that Obligor is aware that a the Agent has received such notification has already been provided by from another Obligor).

Appears in 1 contract

Samples: Facility Agreement (Sappi LTD)

Notification of default. 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 (unless that Obligor it is aware that a notification another Obligor has already been provided by another Obligorsuch notification).

Appears in 1 contract

Samples: Loan Agreement (Norwegian Cruise Line Holdings Ltd.)

Notification of default. (a) Each Obligor party hereto shall notify the Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence (unless that Obligor is aware that a notification has already been provided by another Obligor).

Appears in 1 contract

Samples: Facility Agreement (WuXi PharmaTech (Cayman) Inc.)

Notification of default. 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 (unless that Obligor is aware that such a notification has already been provided by another Obligor).

Appears in 1 contract

Samples: Amendment and Restatement Agreement (Sunrise Senior Living Inc)

Notification of default. 21.4.1 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 (unless that Obligor is aware that a notification has already been provided by another Obligor).

Appears in 1 contract

Samples: Facility Agreement (Ivanhoe Energy Inc)

Notification of default. 21.8.1 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 (unless that Obligor is aware that a notification has already been provided by another Obligor).

Appears in 1 contract

Samples: Term Facility Agreement (Enstar Group LTD)

Notification of default. 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 (unless that Obligor is aware that a notification has already been provided by another Obligor).. Back to Contents

Appears in 1 contract

Samples: Multicurrency Revolving Facility Agreement (Wolseley PLC)

Notification of default. Each Obligor shall notify the Agent of any Default which is continuing (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence (unless that Obligor is aware that a notification has already been provided by another Obligor).. |EU-DOCS\34803319.2||

Appears in 1 contract

Samples: Notes Purchase Agreement (Membership Collective Group Inc.)

Notification of default. 19.2.1 Each Obligor shall notify the Agent Lender of any Default (and the steps, if any, steps being taken to remedy it) promptly upon becoming aware of its occurrence (unless that Obligor is aware that a notification has already been provided by another Obligor).

Appears in 1 contract

Samples: Facility Agreement (Net 1 Ueps Technologies Inc)

Notification of default. 17.7.1 Each Obligor 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 (unless that Obligor is aware that a notification has already been provided by another Obligor).

Appears in 1 contract

Samples: Revolving Credit Facility Agreement (Gold Fields LTD)

Notification of default. 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 (unless that Obligor is aware that a notification has already been provided by another ObligorMaterial Project Party).

Appears in 1 contract

Samples: Facility Agreement (Las Vegas Sands Corp)

Notification of default. 19.7.1 Each Obligor shall notify the Agent Facility Agent, of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence (unless that Obligor is aware that a notification has already been provided by another Obligor).

Appears in 1 contract

Samples: Zar Revolving Credit Facility Agreement (Gold Fields LTD)

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