Common use of Notice of Default by Borrower Clause in Contracts

Notice of Default by Borrower. If an Event of Default (as defined in the Loan Documents) shall occur, then within five (5) days after Beacon has knowledge of such Event of Default Beacon shall furnish or cause to be furnished to Trustee a written statement describing such Event of Default.

Appears in 2 contracts

Sources: Contribution Agreement (Beacon Education Management Inc), Contribution Agreement (Beacon Education Management Inc)

Notice of Default by Borrower. If an Event of Default (as defined in the Loan DocumentsLease Agreement) shall occur, then within five (5) days after Beacon has knowledge of such Event of Default Beacon shall furnish or cause to be furnished to Trustee a written statement describing such Event of Default.

Appears in 1 contract

Sources: Contribution Agreement (Beacon Education Management Inc)

Notice of Default by Borrower. If an Event of Default (as defined in the Loan DocumentsAgreement) shall occur, then within five (5) days after Beacon has knowledge of such Event of Default Beacon shall furnish or cause to be furnished to Trustee a written statement describing such Event of Default.

Appears in 1 contract

Sources: Contribution Agreement (Beacon Education Management Inc)