Notification of Event of Default. Each of the Borrower and the Guarantor will immediately notify the Agent in writing of the occurrence of any Event of Default or Potential Event of Default or any event which will materially adversely affect the Borrower's or the Guarantor's ability to perform its obligations under this Agreement or the ability of any of the other Security Parties or any Principal Subsidiary to perform any of their obligations under any of the Security Documents to which they are a party or may become a party to.
Appears in 3 contracts
Samples: Secured Multi Currency Revolving Loan Facility Agreement (Stolt Offshore S A), Loan Agreement (Stolt Offshore S A), Loan Agreement (Stolt Comex Seaway S A)
Notification of Event of Default. Each of the Borrower and the Guarantor The Borrowers will immediately notify the Agent in writing of the occurrence of any Event of Default or Potential Event of Default or any event which will materially adversely affect the Borrower's Borrowers’ or the Guarantor's ’s ability to perform its obligations under this Agreement the Security Documents to which it is a party or the ability of any of the other Security Parties or any Principal Subsidiary to perform any of their material obligations under any of the Security Documents to which they are a party or may become a party to.
Appears in 2 contracts
Samples: Secured Reducing Revolving Loan Facility Agreement, Secured Reducing Revolving Loan Facility Agreement (Teekay LNG Partners L.P.)
Notification of Event of Default. Each of the The Borrower and the Guarantor will immediately notify the Agent in writing of the occurrence of any Event of Default or Potential Event of Default or any event which will materially adversely affect the Borrower's or the Guarantor's ability to perform its obligations under this Agreement the Security Documents to which it is a party or the ability of any of the other Security Parties or any Principal Subsidiary to perform any of their material obligations under any of the Security Documents to which they are a party or may become a party to.
Appears in 2 contracts
Samples: Loan Facility Agreement, Loan Facility Agreement (Teekay Offshore Partners L.P.)
Notification of Event of Default. Each of the The Borrower and the Guarantor will immediately notify the Agent in writing of the occurrence of any Event of Default or Potential Event of Default or any event which will materially adversely affect the Borrower's ’s or the Guarantor's ’s ability to perform its obligations under this Agreement the Security Documents to which it is a party or the ability of any of the other Security Parties or any Principal Subsidiary to perform any of their material obligations under any of the Security Documents to which they are a party or may become a party to.
Appears in 1 contract
Notification of Event of Default. Each of the Borrower and the Guarantor Guarantors will immediately notify the Agent in writing of the occurrence of any Event of Default or Potential Event of Default or any event which will materially adversely affect the Borrower's or the Guarantor's ability to perform its obligations under this Agreement or the ability of any of the other Security Parties or any Principal Subsidiary to perform any of their obligations under any of the Security Documents to which they are a party or may become a party to.
Appears in 1 contract
Notification of Event of Default. Each of the Borrower and the Guarantor will immediately notify the Agent in writing of the occurrence of any Event of Default or Potential Event of Default or any event which will materially adversely affect the Borrower's ’s or the Guarantor's ’s ability to perform its obligations under this Agreement or the ability of any of the other Security Parties or any Principal Subsidiary to perform any of their obligations under any of the Security Documents to which they are a party or may become a party to.
Appears in 1 contract
Samples: Deed of Amendment and Restatement (Stolt Offshore S A)
Notification of Event of Default. Each of the Borrower and each of the Guarantor Guarantors will immediately notify the Agent in writing of the occurrence of any Event of Default or Potential Event of Default or any event which will materially adversely affect the Borrower's ability of either of the Borrower or any of the Guarantor's ability Guarantors to perform its obligations under this Agreement or the ability of any of the other Security Parties or any Principal Subsidiary to perform any of their obligations under any of the Security Documents to which they are a party or may become a party to.
Appears in 1 contract
Samples: Loan Agreement (Stolt Nielsen S A)
