Common use of Notice of Defaults and Events of Default Clause in Contracts

Notice of Defaults and Events of Default. If a Default or Event of Default occurs and is continuing, and written notification has been given to a Responsible Officer, the Trustee shall mail or deliver to each Holder notice of the Default or Event of Default within 90 days after a Responsible Officer has received written notification of such Default or Event of Default. Except in the case of a Default or Event of Default in payment of principal of or interest on any Note, the Trustee may withhold the notice and shall be protected from withholding the notice if and so long as a committee of its Responsible Officers of the Trustee in good faith determines that withholding the notice is in the interests of Holders. For all purposes of this Indenture and the Notes, the Trustee is not to be charged with knowledge of a Default or Event of Default or knowledge of any cure of any Default or Event of Default unless written notice of such Default or Event of Default has been given to a responsible officer of the Trustee by the Issuer or any Holder.

Appears in 3 contracts

Sources: Indenture (Azul Sa), Indenture (Azul Sa), Indenture (Azul Sa)

Notice of Defaults and Events of Default. If a Default or Event of Default occurs and is continuing, and written notification has been given to if a Responsible OfficerOfficer has received written notice thereof, the Trustee shall mail or deliver to each Holder notice of the Default or Event of Default within 90 days after a Responsible Officer has received written notification acquires actual knowledge of such Default or Event of Default. Except in the case of a Default or Event of Default in payment of principal of or interest on any Note, the Trustee may withhold the notice and shall be protected from withholding the notice if and so long as a committee of its Responsible Officers of the Trustee in good faith determines that withholding the notice is in the interests of Holders. For all purposes of this Indenture and the Notes, the Trustee is not to be charged with knowledge of a Default or Event of Default or knowledge of any cure of any Default or Event of Default unless written notice of such Default or Event of Default has been given to a responsible officer Responsible Officer of the Trustee by the Issuer Company or any Holder.

Appears in 3 contracts

Sources: Indenture (Fidelis Insurance Holdings LTD), Indenture (Fidelis Insurance Holdings LTD), Indenture (Watford Holdings Ltd.)

Notice of Defaults and Events of Default. If a Default or Event of Default occurs and is continuing, and written notification has been given to a Responsible Officer, the Trustee shall mail or deliver to each Holder notice of the Default or Event of Default within 90 days 20 Business Days after a Responsible Officer has received written notification of such Default or Event of Default. Except in the case of a Default or Event of Default in payment of principal of or interest on any Note, the Trustee may withhold the notice and shall be protected from withholding the notice if and so long as a committee of its Responsible Officers of the Trustee in good faith determines that withholding the notice is in the interests of Holders. For all purposes of this Indenture and the Notes, the Trustee is not to be charged with knowledge of a Default or Event of Default or knowledge of any cure of any Default or Event of Default unless written notice of such Default or Event of Default has been given to a responsible officer of the Trustee by the Issuer or any Holder.

Appears in 2 contracts

Sources: Indenture (Azul Sa), Indenture (Azul Sa)

Notice of Defaults and Events of Default. If a Default or Event of Default occurs and is continuing, and written notification has been given if it is known to a the Responsible Officer, the Trustee shall mail or deliver to each Holder notice of the Default or Event of Default within 90 days after a Responsible Officer has received written notification acquires actual knowledge of such Default or Event of Default. Except in the case of a Default or Event of Default in payment of principal of or interest on any Note, the Trustee may withhold the notice and shall be protected from withholding the notice if and so long as a committee of its Responsible Officers of the Trustee in good faith determines that withholding the notice is in the interests of Holders. For all purposes of this Indenture and the Notes, the Trustee is not to be charged with knowledge of a Default or Event of Default or knowledge of any cure of any Default or Event of Default unless either (i) an attorney, authorized officer or agent of the Trustee with direct responsibility for this Indenture has actual knowledge of such Default or Event of Default or (ii) written notice of such Default or Event of Default has been given to a responsible officer of the Trustee by the Issuer Company or any Holder.

Appears in 2 contracts

Sources: Indenture (Latam Airlines Group S.A.), Indenture (Latam Airlines Group S.A.)

Notice of Defaults and Events of Default. If a Default or Event of Default occurs and is continuing, and written notification has been given if it is known to a Responsible Officer, the Trustee shall mail or deliver to each Holder notice of the Default or Event of Default within 90 days after a Responsible Officer has received written notification acquires actual knowledge of such Default or Event of Default. Except in the case of a Default or Event of Default in payment of principal Principal of or interest Premium, if any, or Interest on any Note, the Trustee may withhold the notice and shall be protected from withholding the notice if and so long as a committee of its Responsible Officers of the Trustee in good faith determines that withholding the notice is in the interests of Holders. For all purposes of this Indenture and the Notes, the Trustee is shall not be deemed to be charged with have knowledge of a Default or Event of Default unless (a) a Responsible Officer of the Trustee has actual knowledge thereof, or knowledge of any cure of any Default or Event of Default unless (b) written notice of any event which is in fact such Default or Event of Default has been given to a responsible officer default is received by a Responsible Officer of the Trustee by at the Issuer Corporate Trust Office of the Trustee, and any such notice references the Notes or any Holderthis Indenture.

Appears in 1 contract

Sources: Indenture (BM&FBOVESPA S.A. - Securities, Commodities & Futures Exchange)

Notice of Defaults and Events of Default. If a Default or Event of Default occurs and is continuing, and written notification has been given to a Responsible Officer, the Trustee shall mail or deliver to each Holder notice of the Default or Event of Default within 90 days 20 Business Days after a Responsible Officer has received written notification of such Default or Event of Default. Except in the case of a Default or Event of Default in payment of principal of or interest (including PIK Interest) on any Note, the Trustee may withhold the notice and shall be protected from withholding the notice if and so long as a committee of its Responsible Officers of the Trustee in good faith determines that withholding the notice is in the interests of Holders. For all purposes of this Indenture and the Notes, the Trustee is not to be charged with knowledge of a Default or Event of Default or knowledge of any cure of any Default or Event of Default unless written notice of such Default or Event of Default has been given to a responsible officer of the Trustee by the Issuer or any Holder.

Appears in 1 contract

Sources: Indenture (Azul Sa)

Notice of Defaults and Events of Default. If a Default or Event of Default occurs and is continuing, and written notification has been given if it is known to a the Responsible Officer, the Trustee shall mail or deliver to each Holder notice of the Default or Event of Default within 90 days after a Responsible Officer has received written notification acquires actual knowledge of such Default or Event of Default. Except in the case of a Default or Event of Default in payment of principal of or interest on any Note, the Trustee may withhold the notice and shall be protected from withholding the notice if and so long as a committee of its Responsible Officers of the Trustee in good faith determines that withholding the notice is in the interests of Holders. For all purposes of this Indenture and the Notes, the Trustee is not to be charged with knowledge of a Default or Event of Default or knowledge of any cure of any Default or Event of Default unless either (i) an attorney, authorized officer or agent of the Trustee with direct responsibility for the Indenture has actual knowledge of such Default or Event of Default or (ii) written notice of such Default or Event of Default has been given to a responsible officer of the Trustee by the Issuer Company or any Holder.

Appears in 1 contract

Sources: Indenture (Latam Airlines Group S.A.)