Defaults and Events of Default. The Collateral Agent shall not be required to inquire as to the occurrence or absence of any Default or Event of Default and shall not be affected by or required to act upon any notice or knowledge as to the occurrence of any Default or Event of Default unless and until it receives a Notice of Event of Default, or except as otherwise expressly provided herein.
Appears in 5 contracts
Sources: Collateral Agency and Intercreditor Agreement (CBL & Associates Limited Partnership), Collateral Agency and Intercreditor Agreement (CBL & Associates Limited Partnership), Collateral Agency and Intercreditor Agreement (CBL & Associates Limited Partnership)
Defaults and Events of Default. The Collateral Agent shall not be required to inquire as to the occurrence or absence of any Default or Event of Default and shall not be affected by or required to act upon any notice or knowledge as to the occurrence of any Default or Event of Default unless and until it receives a Notice of an Event of Default, Default or except as otherwise expressly provided hereina Responsible Officer of the Collateral Agent has actual knowledge that an Event of Default has occurred and is continuing.
Appears in 1 contract
Sources: Collateral Agency Agreement (Offshore Logistics INC)
Defaults and Events of Default. The Collateral Agent shall not be required to inquire as to the occurrence or absence of any Default or Event of Default and shall not be affected by or required to act upon any notice or knowledge as to the occurrence of any Default or Event of Default unless and until it receives a Notice of Event Actionable Default or a responsible officer of Default, or except as otherwise expressly provided hereinthe Collateral Agent has actual knowledge that an Actionable Default has occurred and is continuing.
Appears in 1 contract
Sources: Collateral Agency Agreement (Tesoro Petroleum Co Inc)