Common use of Notification of Defaults and Events of Default Clause in Contracts

Notification of Defaults and Events of Default. Each Lender hereby agrees that, upon learning of the existence of a Default or an Event of Default, it shall promptly notify the Administrative Agent thereof. The Administrative Agent hereby agrees that upon receipt of any notice under this Section 14.10 it shall promptly notify the other Lenders of the existence of such Default or Event of Default.

Appears in 10 contracts

Samples: Revolving Credit Agreement (Coach Inc), Revolving Credit Agreement (Coach Inc), Revolving Credit Agreement (Lexmark International Inc /Ky/)

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Notification of Defaults and Events of Default. Each Lender hereby agrees that, upon learning of the existence of a Default or an Event of Default, it shall promptly notify the Administrative Agent thereof. The Administrative Agent hereby agrees that upon receipt of any notice under this Section 14.10 it shall promptly notify the other Lenders of the existence of such Default or Event of Defaultss.

Appears in 9 contracts

Samples: Revolving Credit and Term Loan Agreement (Furrs Restaurant Group Inc), Revolving Credit and Term Loan Agreement (Iesi Corp), Revolving Credit Agreement (CML Group Inc)

Notification of Defaults and Events of Default. Each Lender hereby agrees that, upon learning of the existence of a Default or an Event of Default, it shall promptly notify the Administrative Agent thereof. The Administrative Agent hereby agrees that upon receipt of any notice under this Section 14.10 15.10 it shall promptly notify the other Lenders of the existence of such Default or Event of Default.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Republic Technologies International Holdings LLC), Revolving Credit and Term Loan Agreement (Il Fornaio America Corp), Revolving Credit and Term Loan Agreement (Buca Inc /Mn)

Notification of Defaults and Events of Default. Each Lender hereby agrees that, upon learning of the existence of a default, Default or an Event of Default, it shall (to the extent notice has not previously been provided) promptly notify the Administrative Agent thereof. The Administrative Agent hereby agrees that upon receipt of any notice under this Section 14.10 14.9 it shall promptly notify the other Lenders of the existence of such default, Default or Event of Default.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Mack Cali Realty Corp), Revolving Credit Agreement (Mack Cali Realty Corp), Revolving Credit Agreement (Mack Cali Realty L P)

Notification of Defaults and Events of Default. Each Lender hereby agrees that, upon learning receiving written notice by the Borrower of the existence of a Default or an Event of Default, it shall promptly notify the Administrative Agent thereof. The Administrative Agent hereby agrees that upon receipt of any notice under this Section 14.10 13.12 it shall promptly notify the other Lenders of the existence of such Default or Event of Default.

Appears in 1 contract

Samples: Revolving Credit Agreement (Timberland Co)

Notification of Defaults and Events of Default. Each Lender hereby agrees that, upon learning of the existence of a Default or an Event of Default, it shall promptly notify the Administrative Agent thereof. The Administrative Agent hereby agrees that upon receipt of any notice under this Section 14.10 section 11.10 it shall promptly notify the other Lenders and the Borrower of the existence of such Default or Event of Default.

Appears in 1 contract

Samples: 364 Day Term Loan Agreement (Staples Inc)

Notification of Defaults and Events of Default. Each Lender hereby agrees that, upon learning of the existence of a Default or an Event of Default, it shall promptly notify the Administrative Agent thereof. The Administrative Agent hereby agrees that upon receipt of any notice under this Section 14.10 14.11 it shall promptly notify the other Lenders of the existence of such Default or Event of Default.

Appears in 1 contract

Samples: Revolving Credit Agreement (Yankee Candle Co Inc)

Notification of Defaults and Events of Default. Each Lender hereby agrees that, upon learning of the existence of a Default or an Event of Default, it shall promptly notify the Administrative Agent thereof. The Administrative Agent hereby agrees that upon receipt of any notice under this Section SECTION 14.10 it shall promptly notify the other Lenders of the existence of such Default or Event of Default.

Appears in 1 contract

Samples: Term Loan Agreement (Quaker Fabric Corp /De/)

Notification of Defaults and Events of Default. Each Lender hereby agrees that, upon learning of the existence of a Default or an Event of Default, it shall promptly notify the Administrative Agent Agents thereof. The Administrative Agent Agents hereby agrees agree that upon receipt of any notice under this Section 14.10 it ss.17.11 they shall promptly notify the other Lenders of the existence of such Default or Event of Default.

Appears in 1 contract

Samples: Revolving Credit Agreement (Nationsrent Inc)

Notification of Defaults and Events of Default. Each Lender hereby agrees that, upon learning of the existence of a Default or an Event of Default, it shall promptly notify the Administrative Agent thereof. The Administrative Agent hereby agrees that upon receipt of any notice under this Section 14.10 15.10 it shall promptly notify the other Lenders of the existence of such Default or Event of Default.

Appears in 1 contract

Samples: Revolving Credit and Guaranty Agreement (Humphrey Hospitality Trust Inc)

Notification of Defaults and Events of Default. Each Lender hereby agrees that, upon learning of the existence of a Default or an Event of Default, it shall promptly notify the Administrative Agent thereof. The Administrative Agent hereby agrees that upon receipt of any notice under this Section 14.10 it shall promptly notify the other Lenders of the existence of such Default or oR Event of Default.

Appears in 1 contract

Samples: Revolving Credit Agreement (Timberland Co)

Notification of Defaults and Events of Default. Each Lender hereby agrees that, upon learning of the existence of a Default or an Event of Default, it shall promptly notify the Administrative Agent thereof. The Administrative Agent hereby agrees that upon receipt of any notice under this Section 14.10 13.10 it shall promptly notify the other Lenders of the existence of such Default or Event of Default.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Hexcel Corp /De/)

Notification of Defaults and Events of Default. Each Lender hereby agrees that, upon learning of the existence of a Default or an Event of Default, it shall promptly notify the Administrative Agent thereof. The Administrative Agent hereby agrees that upon receipt of any notice under this Section 14.10 16.13 it shall promptly notify the other Lenders of the existence of such Default or Event of Default.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Genesee & Wyoming Inc)

Notification of Defaults and Events of Default. Each Lender hereby agrees that, upon learning of the existence of a Default or an Event of Default, it shall promptly notify the Administrative Agent thereof. The Administrative Agent hereby agrees that upon receipt of any notice under this Section 14.10 it shall promptly notify the other Lenders of the existence of such Default or Event of Defaultss.

Appears in 1 contract

Samples: Revolving Credit Agreement (Quaker Fabric Corp /De/)

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Notification of Defaults and Events of Default. Each Lender hereby agrees that, upon learning of the existence of a Default or an Event of Default, it shall promptly notify the Administrative Agent thereof. The Administrative Agent hereby agrees that upon receipt of any notice under this Section 14.10 13.10 it shall promptly notify the other Lenders and the Borrower of the existence of such Default or Event of Default.

Appears in 1 contract

Samples: Revolving Credit Agreement (Staples Inc)

Notification of Defaults and Events of Default. Each Lender hereby agrees that, upon learning of the existence of a Default or an Event of Default, it shall promptly notify the Administrative Agent thereof. The Administrative Agent hereby agrees that upon receipt of any notice under this Section 14.10 (Section)16.10 it shall promptly notify the other Lenders of the existence of such Default or Event of Default.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Genesee & Wyoming Inc)

Notification of Defaults and Events of Default. Each Lender hereby agrees that, upon learning of the existence of a Default or an Event of Default, it shall promptly notify the Administrative Agent thereof, but it shall have no liability for failure to do so. The Administrative Agent hereby agrees that upon receipt of any notice under this Section 14.10 it shall promptly notify the other Lenders of the existence of such Default or Event of Default.

Appears in 1 contract

Samples: Revolving Credit Agreement (Zale Corp)

Notification of Defaults and Events of Default. Each Lender hereby agrees that, upon learning of the existence of a Default or an Event of Default, it shall promptly notify the Administrative Agent thereof. The Administrative Agent hereby agrees that upon receipt of any notice under this Section 14.10 12.11 it shall promptly notify the other Lenders of the existence of such Default or Event of Default.

Appears in 1 contract

Samples: Letter of Credit Reimbursement and Pledge Agreement (Montpelier Re Holdings LTD)

Notification of Defaults and Events of Default. Each Lender hereby agrees that, upon learning of the existence of a Default or an Event of Default, it shall promptly notify the Administrative Facility Agent thereof. The Administrative Facility Agent hereby agrees that upon learning of the existence of a Default or Event of Default or receipt of any notice under this Section 14.10 it shall promptly notify the other Lenders of the existence of such Default or Event of Defaultss.

Appears in 1 contract

Samples: Revolving Credit Agreement (Sassco Fashions LTD /De/)

Notification of Defaults and Events of Default. Each Lender hereby agrees that, upon learning of the existence of a Default or an Event of Default, it shall promptly notify the Administrative Agent and the Collateral Agent thereof. The Administrative Agent hereby agrees that upon receipt of any notice under this Section 14.10 (S)13.10 it shall promptly notify the other Lenders and the Collateral Agent of the existence of such Default or Event of Default.

Appears in 1 contract

Samples: Loan Agreement (Omnipoint Corp \De\)

Notification of Defaults and Events of Default. Each Lender hereby agrees that, upon learning of the existence of a Default or an Event of Default, it shall promptly notify the Administrative Agent thereof. The Administrative Agent hereby agrees that upon receipt of any notice under this Section 14.10 it shall promptly notify the other Lenders of the existence of such Default or Event of Default.ss.14.10

Appears in 1 contract

Samples: Revolving Credit Agreement (Peregrine Systems Inc)

Notification of Defaults and Events of Default. Each Lender hereby agrees that, upon learning of the existence of a Default or an Event of Default, it shall promptly notify the Administrative Agent thereof, but it shall have no liability for failure to do so. The Administrative Agent hereby agrees that upon receipt of any notice under this Section 14.10 15.10 it shall promptly notify the other Lenders of the existence of such Default or Event of Default.

Appears in 1 contract

Samples: Revolving Credit Agreement (Zale Corp)

Notification of Defaults and Events of Default. Each Lender hereby agrees that, upon learning of the existence of a Default or an Event of Default, it shall promptly notify the Administrative Agent thereof. The Administrative Agent hereby agrees that upon receipt of any notice under this Section 14.10 SECTION 15.11 it shall promptly notify the other Lenders of the existence of such Default or Event of Default.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Nationsrent Inc)

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