Promptly upon. a Senior Officer of Borrower becoming aware, and in any event within five Banking Days after becoming aware, that the holder of any evidence of Indebtedness (in a principal amount in excess of $15,000,000) of Borrower or any of its Subsidiaries has given notice or taken any other action with respect to a default or event of default, a written notice specifying the notice given or action taken by such holder and the nature of such default or event of default and what action Borrower or its Subsidiary is taking or proposes to take with respect thereto;
Appears in 2 contracts
Samples: Term Loan Agreement (Kb Home), Revolving Loan Agreement (Kb Home)
Promptly upon. a Senior Officer of Borrower becoming aware, and in any event within five Banking Days after becoming aware, that the holder of any evidence of Indebtedness (in a principal amount in excess of $15,000,0005,000,000) of Borrower or any of its Subsidiaries has given notice or taken any other action with respect to a default or event of default, a written notice specifying the notice given or action taken by such holder and the nature of such default or event of default and what action Borrower or its Subsidiary is taking or proposes to take with respect thereto;
Appears in 2 contracts
Samples: Revolving Loan Agreement (Kaufman & Broad Home Corp), Term Loan Agreement (Kaufman & Broad Home Corp)
Promptly upon. a Senior Officer of the Borrower becoming aware, and in any event within five Banking Days after becoming aware, aware that the holder of any evidence of Indebtedness (in a principal amount in excess of $15,000,00025,000,000) of the Borrower or any of its Restricted Subsidiaries has given notice or taken any other action with respect to a default or event of default, a written notice specifying the notice given or action taken by such holder and the nature of such default or event of default and what action the Borrower or its such Restricted Subsidiary is taking or proposes to take with respect thereto;
Appears in 2 contracts
Samples: Assignment and Assumption (WCI Communities, Inc.), Revolving Credit Agreement (WCI Communities, Inc.)
Promptly upon. a Senior Officer of Borrower becoming aware, and in any event within five Banking 5 Business Days after becoming aware, that the holder of any evidence of Indebtedness (in a principal amount in excess of $15,000,00025,000,000) of Borrower or any of its Subsidiaries has given notice or taken any other action with respect to a default or event of default, a written notice specifying the notice given or action taken by such holder and the nature of such default or event of default and what action Borrower or its Subsidiary is taking or proposes to take with respect thereto;
Appears in 1 contract
Samples: Revolving Loan Agreement (Kb Home)
Promptly upon. a Senior Officer of Borrower becoming aware, and in any event within five Banking 5 Business Days after becoming aware, that the holder of any evidence of Indebtedness (in a principal amount in excess of $15,000,00050,000,000) of Borrower or any of its Consolidated Subsidiaries has given notice or taken any other action with respect to a default or event of default, a written notice specifying the notice given or action taken by such holder and the nature of such default or event of default and what action Borrower or its Consolidated Subsidiary is taking or proposes to take with respect thereto;
Appears in 1 contract
Samples: Term Loan Agreement (Kb Home)