Common use of Subordinated Default Notice Clause in Contracts

Subordinated Default Notice. Subordinated Creditors and Borrower each shall provide Agent with a Subordinated Default Notice upon the occurrence of each Subordinated Default, and Subordinated Creditors shall notify Agent in the event such Subordinated Default is cured or waived.

Appears in 29 contracts

Samples: Subordination Agreement (Galaxy Energy Corp), Subordination Agreement (Galaxy Energy Corp), Subordination Agreement (Galaxy Energy Corp)

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Subordinated Default Notice. Subordinated Creditors and Borrower Company each shall provide Collateral Agent with a Subordinated Default Notice upon the occurrence of each Subordinated Default, and Subordinated Creditors shall notify Collateral Agent in the event such Subordinated Default is cured or waived.

Appears in 1 contract

Samples: Subordination Agreement (Sonterra Resources, Inc.)

Subordinated Default Notice. Subordinated Creditors and Borrower each shall provide Agent with a Subordinated Default Notice upon the occurrence of each Subordinated Default, and Subordinated Creditors and Borrower each shall notify Agent in the event such Subordinated Default is cured or waived.

Appears in 1 contract

Samples: Subordination Agreement (IDI, Inc.)

Subordinated Default Notice. The Subordinated Creditors and Borrower each the Company shall provide Collateral Agent with a Subordinated Default Notice upon the occurrence of each Subordinated Default, and Subordinated Creditors shall notify Collateral Agent in the event such Subordinated Default is cured or waived.

Appears in 1 contract

Samples: Subordination Agreement (Mru Holdings Inc)

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Subordinated Default Notice. The Subordinated Creditors and Borrower Borrowers each shall provide Senior Agent with a Subordinated Default Notice upon the occurrence of each Subordinated Default, and the Subordinated Creditors and Borrowers each shall notify Senior Agent in the event such Subordinated Default is cured or waived.

Appears in 1 contract

Samples: Subordination Agreement (Princeton Review Inc)

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