Notice of Default; Written Instructions. Upon receipt of a Notice of Actionable Default given by the Majority Holders, the Collateral Agent shall, within five days thereafter, notify the Trustee that an Actionable Default exists. Upon receipt of any written directions pursuant to Section 3.8(a), the Collateral Agent shall, within five days thereafter, send a copy thereof to the Trustee.
Appears in 2 contracts
Sources: Collateral Trust Agreement (Evergreen Solar Inc), Collateral Trust Agreement (Evergreen Solar Inc)
Notice of Default; Written Instructions. (a) Upon receipt of a Notice of Actionable Default given by the Majority HoldersDefault, the Collateral Agent shall, within five days thereafter, notify the Indenture Trustee and each New Representative that an Actionable Default exists. .
(b) Upon receipt of any written directions pursuant to Section 3.8(a3.08(a), the Collateral Agent shall, within five days thereafter, send a copy thereof to the TrusteeIndenture Trustee and each New Representative.
Appears in 2 contracts
Sources: Collateral Trust Agreement (Harbinger Group Inc.), Indenture (Harbinger Group Inc.)
Notice of Default; Written Instructions. (a) Upon receipt of a Notice of Actionable Default given by the Majority HoldersDefault, the Collateral Agent shall, within five days thereafter, notify the Indenture Trustee and each New Second Lien Representative that an Actionable Default exists. .
(b) Upon receipt of any written directions pursuant to Section 3.8(a), the Collateral Agent shall, within five days thereafter, send a copy thereof to the TrusteeIndenture Trustee and each New Second Lien Representative.
Appears in 1 contract