Common use of Notification of default Clause in Contracts

Notification of default. 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.

Appears in 20 contracts

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

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Notification of default. 18.4.1 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 occurrenceoccurrence (unless the Borrower is aware that a notification has already been provided by the Borrower).

Appears in 6 contracts

Samples: Facility Agreement, Facility Agreement, Facility Agreement (Hoegh LNG Partners LP)

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.

Appears in 6 contracts

Samples: Multicurrency Guarantee Facility Agreement (Acergy S.A.), Multicurrency Revolving Credit and Guarantee Facility Agreement (Acergy S.A.), Term Loan Facilities Agreement (Sterlite Industries (India) LTD)

Notification of default. 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.

Appears in 6 contracts

Samples: Loan Facility Agreement, Convertible Loan Agreement (Wisekey International Holding S.A.), Convertible Loan Agreement (Wisekey International Holding S.A.)

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 occurrenceoccurrence (unless the Borrower is aware that a notification has already been provided by another Obligor).

Appears in 5 contracts

Samples: Facility Agreement (Daqo New Energy Corp.), Loan Facility Agreement, Facility Agreement

Notification of default. The Each Borrower and each 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.

Appears in 3 contracts

Samples: Fourth Supplemental Agreement to Secured Loan Agreement (TORM PLC), Fourth Supplemental Agreement to Secured Loan Agreement (TORM PLC), Fourth Supplemental Agreement to Secured Loan Agreement (TORM PLC)

Notification of default. 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 occurrenceoccurrence (unless the Borrower is aware that a notification has already been provided by a Guarantor).

Appears in 3 contracts

Samples: Facility Agreement, Facility Agreement (Teekay Corp), Facility Agreement (Teekay LNG Partners L.P.)

Notification of default. The Each 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.

Appears in 3 contracts

Samples: Second Supplemental Agreement to a Secured Loan Agreement (Scorpio Tankers Inc.), Secured Loan Agreement (Scorpio Tankers Inc.), Secured Loan Agreement (Scorpio Tankers 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.

Appears in 3 contracts

Samples: Facility Agreement (NORDIC AMERICAN TANKERS LTD), Facility Agreement (Nordic American Offshore Ltd.), Facility Agreement (Nordic American Offshore Ltd.)

Notification of default. The Borrower shall notify the Agent of any Default (and the stepspromptly, if any, being taken to remedy it) promptly upon becoming aware of its occurrencethe same, notify the Facility Agent of the occurrence of any Event of Default.

Appears in 3 contracts

Samples: Syndicated Credit Agreement, Credit Agreement (France Telecom /), Credit Agreement (France Telecom /)

Notification of default. 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.

Appears in 2 contracts

Samples: Secured Loan Agreement (Scorpio Bulkers Inc.), Loan Agreement (Scorpio Bulkers Inc.)

Notification of default. 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, and shall promptly inform the Lender of any event or any circumstance whatsoever which is likely to affect the accuracy of or modify any representation, warranty or covenant of or by the Borrower in terms of this Agreement.

Appears in 2 contracts

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

Notification of default. 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.

Appears in 2 contracts

Samples: Loan Agreement (B Plus H Ocean Carriers LTD), Credit Agreement (B Plus H Ocean Carriers LTD)

Notification of default. The Borrower shall notify all of the Agent Lenders of any Default or Event of Default (and the steps, if any, being taken to remedy it) promptly upon on becoming aware of its occurrence.

Appears in 1 contract

Samples: Facility Agreement (GAN LTD)

Notification of default. (a) The Borrower shall notify the Agent Lenders of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence.

Appears in 1 contract

Samples: Loan Agreement (Ormat Technologies, 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 occurrenceoccurrence (unless the Borrower is aware that a notification has already been provided by another Obligor).

Appears in 1 contract

Samples: Facility Agreement (Wimm Bill Dann Foods Ojsc)

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 occurrenceoccurrence (unless it is aware that a notification has already been provided by another Obligor).

Appears in 1 contract

Samples: Facility Agreement

Notification of default. The Borrower 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.

Appears in 1 contract

Samples: Senior Facility Agreement (Spansion Inc.)

Notification of default. 19.5.1 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.

Appears in 1 contract

Samples: Facility Agreement (Morgans Hotel Group Co.)

Notification of default. The 19.6.1 Each 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.

Appears in 1 contract

Samples: Secured Loan Agreement (Genco Shipping & Trading LTD)

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Notification of default. 18.6.1 The Borrower shall notify the Security Agent and the Lender of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence.

Appears in 1 contract

Samples: Term Facility Agreement (Nii Holdings Inc)

Notification of default. The Borrower shall notify the Agent Lenders of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence.

Appears in 1 contract

Samples: Facility Agreement (Beyond Air, Inc.)

Notification of default. 19.7.1 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.

Appears in 1 contract

Samples: Facility Agreement (Powerfleet, 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.

Appears in 1 contract

Samples: Secured Loan Agreement (Diana Shipping Inc.)

Notification of default. The Borrower shall notify the Agent of any Default (and the stepspromptly, if any, being taken to remedy it) promptly upon becoming aware of its occurrencethe same, notify the Facility Agent of the occurrence of any Default.

Appears in 1 contract

Samples: Credit Agreement (France Telecom /)

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

Appears in 1 contract

Samples: Facility Agreement (Opto Circuits (India) 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.

Appears in 1 contract

Samples: Facility Agreement (PT Indosat TBK)

Notification of default. The Borrower shall notify the Agent of any Default default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence.

Appears in 1 contract

Samples: Revolving Credit Facility Agreement (Nordic American Tanker Shipping LTD)

Notification of default. 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 occurrenceoccurrence which would be reasonably likely to have a Material Adverse Effect.

Appears in 1 contract

Samples: Multi Currency Revolving Credit Facility Agreement (Gulfmark Offshore Inc)

Notification of default. (a) The Borrower shall notify the Facility Agent of any Event of Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence.

Appears in 1 contract

Samples: Facility Agreement (Telecom Italia S P A)

Notification of default. 19.5.1 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.

Appears in 1 contract

Samples: Secured Term Loan Facility (DHT Holdings, Inc.)

Notification of default. (a) The Borrower shall notify the Agent Lender of any Default (and the steps, if any, being taken to remedy it) and/or any Change of Control promptly upon becoming aware of its occurrence.

Appears in 1 contract

Samples: Term Facility Agreement (Corgi International LTD)

Notification of default. The Borrower shall notify the Agent of any Default which has occurred and is continuing (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence.

Appears in 1 contract

Samples: Secured Loan Agreement (Energy Infrastructure Merger CORP)

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