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 8 contracts

Samples: Agreement (Navigator Holdings Ltd.), Agreement (Cool Co Ltd.), Agreement (Cool Co 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 6 contracts

Samples: Facilities Agreement (Navigator Holdings Ltd.), Navigator Holdings Ltd., Facility Agreement (Quintana 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 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: Agreement, Credit Agreement (British Energy Group PLC), Agreement (Century Aluminum Co)

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 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: Agreement (Wisekey International Holding S.A.), Convertible Loan Agreement (Wisekey International Holding S.A.), Equity Loan Agreement (Hoegh LNG Partners LP)

Notification of default. 19.16 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 4 contracts

Samples: Facility Agreement (Hafnia LTD), Agreement (Hafnia LTD), Agreement (Hafnia LTD)

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)

Notification of default. 18.15 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: www.lw.com, 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.)

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Notification of default. 19.14 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 1 contract

Samples: Agreement (Globus Maritime LTD)

Notification of default. The Borrower shall notify the Agent of any Default or Event of Default affecting it (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: Supplemental Agreement (Yorkshire Power Group LTD)

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: Agreement (Teekay LNG Partners L.P.)

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).. 19.10

Appears in 1 contract

Samples: Supplemental Agreement (COOL Co LTD.)

Notification of default. 19.16 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 1 contract

Samples: Facility Agreement (Hafnia LTD)

Notification of default. The Borrower shall notify the Agent of any Default which is continuing (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: Eleventh Supplemental Agreement (KNOT Offshore Partners LP)

Notification of default. The Each Borrower shall notify the Agent of any Default or Event of Default affecting it (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: Agreement (Yorkshire Power Group LTD)

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