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 any Obligor becoming aware of its occurrence (unless that Obligor is aware that a notification has already been provided by another Obligor).

Appears in 13 contracts

Samples: Facility Agreement (Navigator Holdings Ltd.), Amendment and Restatement Agreement (Hafnia LTD), Loan Agreement (Hafnia LTD)

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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 any Obligor 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: Facility Agreement (Navigator Holdings Ltd.), Loan Agreement (Navigator Holdings Ltd.), Loan Agreement (Hafnia 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 any Obligor becoming aware of its occurrence (unless that Obligor is aware that a notification has already been provided by another Obligor)occurrence.

Appears in 5 contracts

Samples: Senior Facility Agreement, Credit Agreement (British Energy Group PLC), Senior Facility Agreement (Century Aluminum Co)

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

Appears in 4 contracts

Samples: Facility Agreement (Polska Telefonia Cyfrowa Sp Zoo), Term Loan Facility (Sonera Corp), Facility Agreement (Polska Telefonia Cyfrowa Sp Zoo)

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

Appears in 3 contracts

Samples: Facilities Agreement (GasLog Partners LP), Facilities Agreement (GasLog Partners LP), Facilities Agreement (GasLog 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 any Obligor the Borrower becoming aware of its occurrence (unless that Obligor it is aware that a notification has already been provided by another Obligor).

Appears in 3 contracts

Samples: Facility Agreement (GasLog Ltd.), Facility Agreement (GasLog Ltd.), Facility Agreement (GasLog Ltd.)

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

Appears in 2 contracts

Samples: Common Terms Agreement (Seadrill Partners LLC), Common Terms Agreement (Seadrill Partners LLC)

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

Appears in 2 contracts

Samples: Facility Agreement (Gazit-Globe LTD), Facility Agreement (Gazit-Globe LTD)

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Notification of default. The Borrower shall notify the Agent of any Event of Default (and the steps, if any, being taken to remedy it) promptly upon any Obligor 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: Facility Agreement, Facility Agreement (Teekay LNG Partners L.P.)

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

Appears in 1 contract

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

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 the Borrowers (or any Obligor of them) becoming aware of its occurrence (unless that Obligor it is aware that a notification has already been provided by another Obligor).

Appears in 1 contract

Samples: Facility Agreement (GasLog Ltd.)

Notification of default. 14.3.1 The Borrower shall notify the Facility Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon any Obligor 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 (Stena Ab)

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