Defaults and Events of Default. The Trustee shall not be required to take notice or be deemed to have notice of any Default, except failure of the Issuer to cause to be made any of the payments required to be made to the Trustee, unless the Trustee shall be specifically notified by a writing of such Default by the Issuer or by the Holders of at least 25% in aggregate principal amount of all Notes then outstanding delivered to the Corporate Trust Office of the Trustee and, in the absence of such notice so delivered, the Trustee may conclusively assume no Default exists.
Appears in 14 contracts
Sources: Indenture (Chaparral Energy, Inc.), Third Supplemental Indenture (Rosetta Resources Inc.), Second Supplemental Indenture (Rosetta Resources Inc.)
Defaults and Events of Default. The Trustee shall not be required to take notice or be deemed to have notice of any Default, except failure of the Issuer to cause to be made any of the payments required to be made to the Trustee, unless the Trustee shall be specifically notified by a writing of such Default by the Issuer or by the Holders of at least 25% in aggregate principal amount of all Notes then outstanding delivered to the Corporate Trust Office of the Trustee and such notice references the Notes and the Indenture and, in the absence of such notice so delivered, the Trustee may conclusively assume no Default exists.
Appears in 1 contract
Sources: Indenture (Atp Oil & Gas Corp)