Notice of Actionable Default. A notice by (i) the Requisite Parties delivered to the Collateral Agent, stating that an Actionable Default has occurred and is continuing or (ii) the Special Requisite Parties delivered to the Collateral Agent stating that an Actionable Payment Default has occurred and is continuing.
Appears in 1 contract
Sources: Collateral Agency and Intercreditor Agreement (Castle a M & Co)
Notice of Actionable Default. A notice by (i) the Requisite Parties or ---------------------------- the Special Requisite Parties as the case may be, delivered to the Collateral Agent, stating that an Actionable Default has occurred and is continuing or (ii) the Special Requisite Parties delivered to the Collateral Agent stating that an Actionable Payment Default has occurred and is continuing.
Appears in 1 contract
Sources: Collateral Agency and Intercreditor Agreement (Birmingham Steel Corp)