Common use of Notice of Default, etc Clause in Contracts

Notice of Default, etc. Promptly after any Obligor knows that any Default or Event of Default has occurred, a notice of such Default or Event of Default, describing the same in reasonable detail and the action the Borrower or any Guarantor proposes to take with respect thereto.

Appears in 11 contracts

Sources: Revolving Credit Agreement (Atlas America Inc), Revolving Credit and Term Loan Agreement (Atlas America Inc), Revolving Credit Agreement (Atlas Pipeline Partners Lp)