Common use of Knowledge of Agent Clause in Contracts

Knowledge of Agent. The Agent shall not be deemed to have ------------------ knowledge of the occurrence of a Default or an Event of Default under any Note Document unless it shall have received written notice thereof from a Company Party or from a Purchaser, which notice, in the case of notice from a Purchaser, shall refer to the applicable Note Document and state that it is a notice of a Default or an Event of Default. The Agent shall take such action with respect to a Default or an Event of Default as shall be directed by the Required Purchasers; provided, however, that unless and until the Agent shall have received such directions, the Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Default or Event of Default as it shall deem advisable in the best interests of the Purchasers.

Knowledge of Agent. The Agent shall not be deemed to have ------------------ knowledge of the occurrence of a Default or an Event of Default under any Note Document unless it shall have received written notice thereof from a Company Party or from a Purchaser, which notice, in the case of notice from a Purchaser, shall refer to the applicable Note Document and state that it is a notice of a Default or an Event of Default. The Agent shall take such action with respect to a Default or an Event of Default as shall be directed by the Required Purchasers; providedPROVIDED, howeverHOWEVER, that unless and until the Agent shall have received such directions, the Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Default or Event of Default as it shall deem advisable in the best interests of the Purchasers.