Common use of Obligor Notification Forms Clause in Contracts

Obligor Notification Forms. The Seller shall furnish the Buyer, the Administrative Agent or any Purchaser Agent with an appropriate power of attorney to send (at the Buyer’s, the Administrative Agent’s or any Purchaser Agent’s discretion after the occurrence of a Termination Event or an Unmatured Termination Event) Obligor notification forms to give notice to the Obligors of the Secured Parties’ interest in the Purchased Collateral and the obligation to make payments as directed by the Buyer, the Administrative Agent or any Purchaser Agent.

Appears in 2 contracts

Samples: Sale and Contribution Agreement (Capitalsource Inc), Sale and Contribution Agreement (Capitalsource Inc)

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Obligor Notification Forms. The Seller shall furnish each of the Buyer, the Administrative Agent or any Purchaser Agent and the Trustee with an appropriate power of attorney to send (at the Buyer’s, ’s or the Administrative Agent’s or any Purchaser Agent’s discretion after the occurrence of a Termination Event or an Unmatured Termination Eventthat has not been otherwise waived) Obligor notification forms to give notice to the Obligors of the Secured Parties’ Trustee’s interest in the Purchased Collateral Sale Assets on behalf of the Secured Parties and the obligation to make payments as directed by the Buyer, the Administrative Agent or any Purchaser Agent.

Appears in 1 contract

Samples: Purchase and Contribution Agreement (NewStar Financial, Inc.)

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Obligor Notification Forms. The Seller shall furnish the Buyer, Buyer and the Administrative Agent or any Purchaser Agent with an appropriate power of attorney to send (at the Buyer’s, ’s or the Administrative Agent’s or any Purchaser Agent’s discretion after the occurrence of a Termination Event or an Unmatured Termination Event) Obligor notification forms to give notice to the Obligors of the Secured Parties’ interest in the Purchased Collateral and the obligation to make payments as directed by the Buyer, Buyer or the Administrative Agent or any Purchaser Agent.

Appears in 1 contract

Samples: Sale and Contribution Agreement (Capitalsource Inc)

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