Common use of Notification of prescribed events Clause in Contracts

Notification of prescribed events. (a) If a Default either occurs or ceases to be continuing the relevant Agent shall, upon becoming aware of that occurrence or cessation, notify the Security Agent and the Security Agent shall, upon receiving that notification, notify each Agent and each Hedge Counterparty. (b) If an Acceleration Event occurs the relevant Agent shall notify the Security Agent and the Security Agent shall, upon receiving that notification, notify each other Party. (c) If the Security Agent enforces, or takes formal steps to enforce, any of the Transaction Security it shall notify each Party of that action. (d) If a Debtor defaults on any Payment due under a Hedging Agreement, the Hedge Counterparty which is party to that Hedging Agreement shall, upon becoming aware of that default, notify the Security Agent and the Security Agent shall, upon receiving that notification, notify each Agent and each other Hedge Counterparty. (e) If a Hedge Counterparty terminates or closes-out, in whole or in part, any hedging transaction under any Hedging Agreement under Clause ‎‎4.9 (Permitted enforcement: Hedge Counterparties) it shall notify the Security Agent and the Security Agent shall, upon receiving that notification, notify each Agent and each other Hedge Counterparty. (f) Each of the Hedge Counterparties and Agents will on the request of the others notify the others in writing of details of the outstanding amount of the Hedging Liabilities or Senior Secured Notes Creditor Liabilities (as applicable).

Notification of prescribed events. (a) If a an Event of Default or Default either occurs or ceases to be continuing continuing, the relevant Agent shall, upon becoming aware of that occurrence or cessation, notify the Security Agent and the Security Agent shall, upon receiving that notification, notify each Agent and each Hedge CounterpartyAgent. (b) If an Acceleration Event occurs the relevant Agent shall notify the Security Agent and the Security Agent shall, upon receiving that notification, notify each other Party. (c) If the Security Agent enforces, or takes formal steps to enforce, any of the Transaction Security it shall notify each other Finance Party of that action. (c) If any Finance Party exercises any right it may have to enforce, or to take formal steps to enforce, any of the Transaction Security it shall notify the Security Agent and the Security Agent shall, upon receiving that notification, notify each other Finance Party of that action. (d) If a Debtor an Obligor defaults on any Payment payment due under a Hedging AgreementContract, the Hedge Counterparty Hedging Provider which is party to that Hedging Agreement Contract shall, upon becoming aware of that default, notify the Security Agent and the Security Agent shall, upon receiving that notification, notify each Agent and each other Hedge Counterpartythe Agent. (e) If a Hedge Counterparty Hedging Provider terminates or closes-out, in whole or in part, any hedging transaction Hedging Transaction under any Hedging Agreement under Clause ‎‎4.9 (Permitted enforcement: Hedge Counterparties) Contract it shall notify the Security Agent and the Security Agent shall, upon receiving that notification, notify each Agent and each other Hedge Counterpartythe Agent. (f) Each of the Hedge Counterparties and Agents will on the request of the others notify the others in writing of details of the outstanding amount of the Hedging Liabilities or Senior Secured Notes Creditor Liabilities (as applicable).

Notification of prescribed events. (a) If an Event of Default under a Default Credit Facility Document or Pari Passu Debt Document either occurs or ceases to be continuing the relevant Agent Creditor Representative shall, upon becoming aware of that occurrence or cessation, notify the Security Agent and the Security Agent shall, upon receiving that notification, notify each Agent and each Hedge Counterpartyother Primary Creditor. (b) If an a Credit Facility Acceleration Event or a Pari Passu Debt Acceleration Event occurs the relevant Agent Creditor Representative(s) shall notify the Security Agent and the Security Agent shall, upon receiving that notification, notify each other Party. (c) If the Security Agent enforces, or takes formal steps to enforce, any of the Transaction Security or makes, or takes formal steps to make, any demand under any Guarantee it shall notify each Party of that action. (d) If any Primary Creditor exercises any right it may have to enforce, or to take formal steps to enforce, any of the Transaction Security or makes, or takes formal steps to make, any demand under any Guarantee it shall notify the Security Agent and the Security Agent shall, upon receiving that notification, notify each Party of that action. (e) If a Debtor defaults on any Payment due under a Hedging Agreement, the Hedge Counterparty which is party to that Hedging Agreement shall, upon becoming aware of that default, notify the Security Agent and the Security Agent shall, upon receiving that notification, notify each Agent the Creditor Representatives and each other Hedge Counterparty. (ef) If a Hedge Counterparty terminates or closes-out, in whole or in part, any hedging transaction under any Hedging Agreement under Clause ‎‎4.9 5.9 (Permitted enforcement: Hedge Counterparties) it shall notify the Security Agent and the Security Agent shall, upon receiving that notification, notify each Agent and each other Hedge Counterparty. (f) Each of the Hedge Counterparties and Agents will on the request of the others notify the others in writing of details of the outstanding amount of the Hedging Liabilities or Senior Secured Notes Creditor Liabilities (as applicable).