Common use of Trustee to Give Notice of Defaults 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 determine that the withholding of such notice is in the interests of the Holders thereof.

Appears in 7 contracts

Samples: Indenture (Swift Energy Co), Indenture (Swift Energy Co), 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 it, or if later, within 30 days after the Trustee obtains actual knowledge of the Default, 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 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 determine that the withholding of such notice is in the interests of the Holders thereof.

Appears in 3 contracts

Samples: Pacific Energy Group LLC, Chesapeake Orc LLC, Northern Border 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 give to the occurrence holders of a Default known to it the Securities of any such series notice of any default hereunder with respect to a the Securities of such series of Debt Securities give as and to the Holders thereofextent provided by the Trust Indenture Act, in the manner provided in Section 13.03, notice of all Defaults with respect to such series actually known to the Trustee, Trustee unless such Defaults default shall have been cured cured, remedied or waived before the giving of such noticenotice provided, however, that in the case of any default of the character specified in Section 6.1(c), no such notice to Holders shall be given until at least 30 days after the occurrence thereof; provided further, however, that, except in the case of Default default in the payment of the principal of, or premium, if any, of or interest on, 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 Board of directorsDirectors, the executive committee Executive Committee, or a committee Trust Committee of directors or responsible officers and/or Responsible Officers of the Trustee in good faith determine determines that the withholding of such notice is in the interests interest of the Holders thereofholders of the Securities of such series.

Appears in 2 contracts

Samples: Consolidated Natural Gas Co/Va, Dominion CNG Capital Trust Ii

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 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 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 or a committee of directors or responsible officers Responsible Officers of the Trustee in good faith determine that the withholding of such notice is in the interests of the Holders thereof.

Appears in 1 contract

Samples: Snyder Oil Corp

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 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 or a committee of directors or responsible officers of the Trustee in good faith determine determines that the withholding of such notice is in the interests of the Holders thereof.

Appears in 1 contract

Samples: SLC Pipeline 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 determine determines that the withholding of such notice is in the interests of the Holders thereof.

Appears in 1 contract

Samples: Indenture (Acin 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 Default, or if later, within 30 days after a Responsible Officer the Trustee obtains actual knowledge of the Default, 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 actually known to a Responsible Officer of 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 a 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 Responsible Officers of the Trustee in good faith determine determines that the withholding of such notice is in the interests of the Holders thereof.

Appears in 1 contract

Samples: Indenture (ACRES Commercial Realty Corp.)

Trustee to Give Notice of Defaults. Known to Itit, but May may Withhold Such Notice in Certain Circumstances. The Trustee shall, within 90 days after the occurrence of a Default actually known to it a Responsible Officer of the Trustee with respect to a series of Debt Securities Securities, give to the Holders thereof, in the manner provided in Section 13.0312.03, notice of all Defaults with respect to such series so 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 or purchase 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 Responsible Officers of the Trustee in good faith determine that the withholding of such notice is in the interests of the Holders thereof.

Appears in 1 contract

Samples: Quanta Services, 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 actually known to it a responsible officer 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 actually known to a responsible officer of 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 determine that the withholding of such notice is in the interests of the Holders thereof.

Appears in 1 contract

Samples: Premier Parks Inc

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 Securities or Coupons, if any, give to the Holders thereof, in the manner provided in Section 13.0312.03, 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 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 or a committee of directors or responsible officers of the Trustee in good faith determine that the withholding of such notice is in the interests of the Holders thereof.

Appears in 1 contract

Samples: Texas Capital Bancshares Inc/Tx

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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 with respect to a series of Debt Securities give to the Holders thereof, in the manner provided in Section 13.0312.03, 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 Responsible Officers of the Trustee in good faith determine that the withholding of such notice is in the interests of the Holders thereof.

Appears in 1 contract

Samples: Plains All American Pipeline 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 13.0314.03, 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, however, 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 determine that the withholding of such notice is in the interests of the Holders thereof.

Appears in 1 contract

Samples: H&r Block 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 with respect to a series of Debt Securities Securities, give to the Holders thereof, in the manner provided in Section 13.0312.03, 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 Responsible Officers of the Trustee in good faith determine that the withholding of such notice is in the interests of the Holders thereof.

Appears in 1 contract

Samples: Sherwin Williams Co

Trustee to Give Notice of Defaults. Known to It, but May Withhold Such Notice in Certain Circumstances. The Trustee shall, within 90 days after give to the occurrence holders of a Default known to it the Securities of any such series notice of any default hereunder with respect to a the Securities of such series of Debt Securities give as and to the Holders thereofextent provided by the Trust Indenture Act, in the manner provided in Section 13.03, notice of all Defaults with respect to such series actually known to the Trustee, Trustee unless such Defaults default shall have been cured cured, remedied or waived before the giving of such noticenotice provided, however, that in the case of any default of the character specified in Section 6.1(c), no such notice to holders shall be given until at least 30 days after the occurrence thereof; provided further, however, that, except in the case of Default default in the payment of the principal of, or premium, if any, of or interest on, 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 Board of directorsDirectors, the executive committee Executive Committee, or a committee Trust Committee of directors or responsible officers and/or Responsible Officers of the Trustee in good faith determine determines that the withholding of such notice is in the interests interest of the Holders thereofholders of the Securities of such series.

Appears in 1 contract

Samples: Markel Corp

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 Securities Securities, give to the Holders thereof, in the manner provided in Section 13.0312.03, 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 or a committee of directors or responsible officers of the Trustee in good faith determine that the withholding of such notice is in the interests of the Holders thereof.

Appears in 1 contract

Samples: Bill Barrett Corp

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