Common use of Trustee to Give Notice of Defaults Known to It Clause in Contracts

Trustee to Give Notice of Defaults Known to It. but May Withhold Such Notice in Certain Circumstances. The Trustee shall, within 90 days after the occurrence of a Default known to it with respect to a series of Debt Securities, give to the Holders thereof, in the manner provided in Section 13.03, notice of all Defaults with respect to such series known to the Trustee, unless such Defaults shall have been cured or waived before the giving of such notice; provided, that, except in the case of Default in the payment of the principal of, or premium, if any, or interest on, any of the Debt Securities of such series or in the making of any sinking fund payment with respect to the Debt Securities of such series, the Trustee shall be protected in withholding such notice if and so long as the board of directors, the executive committee, or a committee of directors or responsible officers, of the Trustee in good faith determines that the withholding of such notice is in the interests of the Holders thereof.

Appears in 3 contracts

Samples: Indenture (EnLink Midstream Partners, LP), Indenture (Spectra Energy Partners, LP), Indenture (Spectra Energy Partners, LP)

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Trustee to Give Notice of Defaults Known to It. but May Withhold Such Notice in Certain Circumstances. The Trustee shall, within 90 days after the occurrence of a Default known to it it, or if later, within 30 days after the Trustee obtains actual knowledge of the Default, with respect to a series of Debt Securities, Securities give to the Holders thereof, in the manner provided in Section 13.03, notice of all Defaults with respect to such series known to the Trustee, unless such Defaults shall have been cured or waived before the giving of such notice; provided, that, except in the case of Default in the payment of the principal of, or premium, if any, or interest on, any of the Debt Securities of such series or in the making of any sinking fund payment with respect to the Debt Securities of such series, the Trustee shall be protected in withholding such notice if and so long as the board of directors, the executive committee, committee or a committee of directors or responsible officers, officers of the Trustee in good faith determines determine that the withholding of such notice is in the interests of the Holders thereof.

Appears in 2 contracts

Samples: Indenture (Sunoco Logistics Partners Operations Lp), PVR Natural Gas Gathering LLC

Trustee to Give Notice of Defaults Known to It. but But May Withhold Such Notice in Certain Circumstances. The Trustee shall, within 90 days after the occurrence of a Default known to it with respect to a series of Debt SecuritiesSecurities or Coupons, if any, give to the Holders thereof, in the manner provided in Section 13.03, notice of all Defaults with respect to such series known to the Trustee, unless such Defaults shall have been cured or waived before the giving of such notice; provided, that, except in the case of Default in the payment of the principal of, or premium, if any, or interest on, any of the Debt Securities or Coupons of such series or in the making of any sinking fund payment with respect to the Debt Securities of such series, the Trustee shall be protected in withholding such notice if and so long as the board of directors, the executive committee, committee or a committee of directors or responsible officers, officers of the Trustee in good faith determines determine that the withholding of such notice is in the interests of the Holders thereof.

Appears in 2 contracts

Samples: Warren Resources (Warren Resources of California Inc), Warren Resources (Warren Resources of California Inc)

Trustee to Give Notice of Defaults Known to It. but May Withhold Such Notice in Certain Circumstances. The Trustee shall, within 90 days after the occurrence of a Default known to it it, or if later, within 30 days after the Trustee obtains actual knowledge of the Default, with respect to a series of Debt Securities, Securities give to the Holders thereof, in the manner provided in Section 13.03, notice of all Defaults with respect to such series known to the Trustee, unless such Defaults shall have been cured or waived before the giving of such notice; provided, that, except in the case of Default in the payment of the principal of, or premium, if any, or interest on, any of the Debt Securities of such series or in the making of any sinking fund payment with respect to the Debt Securities of such series, the Trustee shall be protected in withholding such notice if and so long as the board of directors, the executive committee, committee or a committee of directors or responsible officers, officers of the Trustee in good faith determines that the withholding of such notice is in the interests of the Holders thereof.

Appears in 2 contracts

Samples: Indenture (Cloud Peak Energy Finance Corp.), Cloud Peak Energy Resources LLC

Trustee to Give Notice of Defaults Known to It. but May Withhold Such Notice in Certain Circumstances. The Trustee shall, within 90 days after the occurrence of a Default known to it with respect to a series of Debt Securities, Securities give to the Holders thereof, in the manner provided in Section 13.03, notice of all Defaults with respect to such series known to the Trustee, unless such Defaults shall have been cured or waived before the giving of such notice; provided, provided that, except in the case of Default in the payment of the principal of, or premium, if any, or interest on, any of the Debt Securities of such series or in the making of any sinking fund payment with respect to the Debt Securities of such series, the Trustee shall be protected in withholding such notice if and so long as the board of directors, the executive committee, committee or a committee of directors or responsible officers, officers of the Trustee in good faith determines determine that the withholding of such notice is in the interests of the Holders thereof.

Appears in 1 contract

Samples: Indenture (Swift Energy Co)

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Trustee to Give Notice of Defaults Known to It. but May Withhold Such Notice in Certain Circumstances. The Trustee shall, within 90 days after the occurrence of a Default known to it Default, or if later, within 30 days after the Trustee obtains actual knowledge of the Default, with respect to a series of Debt Securities, Securities give to the Holders thereof, in the manner provided in Section 13.03, notice of all Defaults with respect to such series known to the Trustee, unless such Defaults shall have been cured or waived before the giving of such notice; provided, provided that, except in the case of Default in the payment of the principal of, or premium, if any, or interest on, any of the Debt Securities of such series or in the making of any sinking fund payment with respect to the Debt Securities of such series, the Trustee shall be protected in withholding such notice if and so long as the board of directors, the executive committee, committee or a committee of directors or responsible officers, officers of the Trustee in good faith determines determine that the withholding of such notice is in the interests of the Holders thereof.

Appears in 1 contract

Samples: Indenture (ONEOK Partners LP)

Trustee to Give Notice of Defaults Known to It. but May Withhold Such Notice in Certain Circumstances. The Trustee shall, within 90 days after the occurrence of a Default known to it with respect to a series of Debt Securities, give to the Holders thereof, in the manner provided in Section 13.03, notice of all Defaults with respect to such series known to the Trustee, unless such Defaults shall have been cured or waived before the giving of such notice; provided, that, except in the case of Default in the payment of the principal of, or premium, if any, or interest on, any of the Debt Securities of such series or in the making of any sinking fund payment with respect to the Debt Securities of such series, the Trustee shall be protected in withholding such notice if and so long as the board of directors, the executive committee, or a committee of directors or and/or responsible officers, of the Trustee in good faith determines that the withholding of such notice is in the interests of the Holders thereof.

Appears in 1 contract

Samples: Indenture (Enbridge Energy Partners Lp)

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