Common use of Notification of prescribed events Clause in Contracts

Notification of prescribed events. (a) If a Participating Creditors Acceleration Event occurs the Administrative Agent shall notify the Security Agent in writing and the Security Agent shall, upon receiving that notification, notify each other Party.

Notification of prescribed events. (a) If a Participating Facilities Agreement Creditors Acceleration Event occurs the Administrative Facility Agent shall notify the Security Agent in writing and the Security Agent shall, upon receiving that notification, notify each other Party.