Notice of Indenture Event of Default Sample Clauses

The Notice of Indenture Event of Default clause requires that formal notification be given when a default event, as defined in the indenture agreement, occurs. Typically, this clause outlines who must provide notice (such as the trustee or noteholders), the method of delivery, and the timeframe within which the notice must be sent. By ensuring that all relevant parties are promptly informed of a default, this clause facilitates timely responses and helps protect the interests of creditors and other stakeholders.
Notice of Indenture Event of Default. In the event the Indenture ------------------------------------ Trustee shall have knowledge of an Indenture Event of Default or of an Indenture Default arising from a failure to pay Basic Rent, the Indenture Trustee shall forthwith give telephone notice thereof to the Owner Trustee, the Owner Participant, the Lessee and the Certificate Holders (promptly confirmed by telex or facsimile to such Persons not later than one Business Day thereafter). Subject to the terms of Sections 4.08 and 5.03, the Indenture Trustee shall take such action, or refrain from taking such action, with respect to any such Indenture Event of Default (including with respect to the exercise of any rights or remedies hereunder) as the Indenture Trustee shall be instructed in writing by the Majority in Interest of Certificate Holders. Subject to the provisions of Section 5.03, if the Indenture Trustee shall not have received TRUST INDENTURE instructions as above provided within 20 calendar days after mailing notice of such Indenture Event of Default to the Certificate Holders, the Indenture Trustee may, subject to instructions thereafter received pursuant to the preceding provisions of this Section 5.01, take such action, or refrain from taking such action, but shall be under no duty to take or refrain from taking any action, with respect to any such Indenture Event of Default as it shall determine advisable in the best interests of the Certificate Holders and shall use the same degree of care and skill in connection therewith as a prudent man would use under the circumstances in the conduct of his own affairs; provided that the Indenture Trustee may not sell any Airframe or any Engine without the consent of the Majority in Interest of Certificate Holders. In the event the Indenture Trustee shall at any time foreclose or otherwise enforce this Indenture, the Indenture Trustee shall forthwith notify the Certificate Holders, the Owner Trustee, the Owner Participant and the Lessee. For all purposes of this Indenture, in the absence of actual knowledge on the part of an officer in its Corporate Trust Department, in the case of the Indenture Trustee, or its Corporate Trust Department, in the case of the Owner Trustee, the Indenture Trustee or the Owner Trustee, as the case may be, shall not be deemed to have knowledge of any Indenture Default, any Lease Default or any Lease Event of Default (except, in the case of the Indenture Trustee, the failure of the Lessee to pay any installment of Ba...
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Notice of Indenture Event of Default. Promptly after the Owner ------------------------------------ Trust has Actual Knowledge that the Indenture Event of Default attributable to the Owner Trust has occurred and is continuing, the Owner Trust shall deliver to the Charterer a notice of such Indenture Event of Default which is not also a Charter Event of Default describing the same in reasonable detail and, together with such notice or as soon thereafter as possible, a description of the action that the Owner Trust has taken, is taking and proposes to take with respect thereto.
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Notice of Indenture Event of Default. Promptly after Owner ------------------------------------ Participant has Actual Knowledge that any Indenture Event of Default attributable to Owner Participant has occurred and is continuing, Owner Participant shall deliver to Indenture Trustee and Lessees a notice of such Indenture Event of Default describing the same in reasonable detail and, together with such notice or as soon thereafter as possible, a description of the action that Owner Participant has taken, is taking and proposes to take with respect thereto.
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Notice of Indenture Event of Default. Promptly after the Grantor Trustee has Actual Knowledge that any Indenture Event of Default attributable to the Grantor Trustee has occurred and is continuing, the Grantor Trustee shall deliver to the Lessee a notice of such Indenture Event of Default which is not also a Lease Event of Default describing the same in reasonable detail and, together with such notice or as soon thereafter as possible, a description of the action that the Grantor Trustee has taken, is taking and proposes to take with respect thereto; provided that the Grantor Trustee shall not have any liability nor shall any Person have any rights as a result of any failure to provide such notice.
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Notice of Indenture Event of Default. Promptly after the Owner Participant has Actual Knowledge that any Indenture Event of Default attributable to the Owner Participant has occurred and is continuing, the Owner Participant shall deliver to the Indenture Trustee and the Lessee a notice of such Indenture Event of Default describing the same in reasonable detail and, together with such notice or as soon thereafter as possible, a description of the action that the Owner Participant has taken, is taking and proposes to take with respect thereto; provided that the Owner Participant shall not have any liability nor shall any Person have any rights as a result of any failure to provide such notice.
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Notice of Indenture Event of Default. Promptly after Owner ------------------------------------- Participant has Actual Knowledge that any Indenture Event of Default or Indenture Default attributable to Owner Participant has occurred and is continuing, Owner Participant shall deliver to Indenture Trustee, HCG (if prior to the Execution Date) and Lessee (if on or after the Execution Date) a notice of such Indenture Event of Default or Indenture Default describing the same in reasonable detail and, together with such notice or as soon thereafter as possible, a description of the action that Owner Participant has taken, is taking and proposes to take with respect thereto.
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Notice of Indenture Event of Default. Upon the occurrence of any Indenture Event of Default of which a Responsible Officer of the Indenture Trustee has actual knowledge or has received written notice, the Indenture Trustee shall transmit by mail to the Rating Agencies and to the Bondholders of all Series as their names and addresses appear on the Bond Register, notice of the Indenture Event of Default within 30 days after it receives notice or obtains actual knowledge of the event.
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Notice of Indenture Event of Default. In the event the Indenture Trustee shall have knowledge of an Indenture Event of Default, or shall have knowledge of an Indenture Default arising either from a failure to pay Rent or a Lease Default of the type referred to in the second sentence of Section 4.03, the Indenture Trustee shall give prompt notice thereof to the Owner Trustee, the Owner Participant and the Lessee by facsimile, telex, telegraph or telephone (confirmed by written notice in the manner provided by Section 10.06 hereof), and to each Note Holder by first-class mail. Subject to the terms of Sections 2.12, 4.03, 4.04, 4.08, 4.09, 5.03, 5.10 and Trust Indenture
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Notice of Indenture Event of Default. Promptly after the Lessor has Actual Knowledge that any Indenture Event of Default attributable to the Lessor has occurred and is continuing, the Lessor shall deliver to the Lessee a notice of such Indenture Event of Default which is not also a Lease Event of Default describing the same in reasonable detail and, together with such notice or as soon thereafter as possible, a description of the action that the Lessor has taken, is taking or proposes to take with respect thereto; provided that the Lessor shall not have any liability nor shall any Person have any rights as a result of any failure to provide such notice. In the event that a Responsible Officer of the Lessor Trustee shall have Actual Knowledge of an Indenture Default or Indenture Event of Default or of an Event of Loss, such Responsible Officer shall give prompt written notice thereof to the Owner Participant, the Lessor, the Indenture Trustee and the Lessee.
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Related to Notice of Indenture Event of Default

  • Additional Remedies of Trustee Upon Event of Default During the continuance of any Event of Default, so long as such Event of Default shall not have been remedied, the Trustee, in addition to the rights specified in Section 6.14, shall have the right, in its own name and as trustee of the Trust Fund, to take all actions now or hereafter existing at law, in equity or by statute to enforce its rights and remedies and to protect the interests, and enforce the rights and remedies, of the Certificateholders (including the institution and prosecution of all judicial, administrative and other proceedings and the filings of proofs of claim and debt in connection therewith). Except as otherwise expressly provided in this Agreement, no remedy provided for by this Agreement shall be exclusive of any other remedy, and each and every remedy shall be cumulative and in addition to any other remedy, and no delay or omission to exercise any right or remedy shall impair any such right or remedy or shall be deemed to be a waiver of any Event of Default.

  • Notification of Defaults and Events of Default Each Lender hereby agrees that, upon learning of the existence of a Default or an Event of Default, it shall promptly notify the Administrative Agent thereof. The Administrative Agent hereby agrees that upon receipt of any notice under this §14.10 it shall promptly notify the other Lenders of the existence of such Default or Event of Default.

  • Remedies of the Trustee and Securityholders on Event of Default SECTION 5.1 Event of Default Defined; Acceleration of Maturity; Waiver of Default. "Event of Default" with respect to Securities of any series wherever used herein, means each one of the following events which shall have occurred and be continuing (whatever the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law, pursuant to Article Thirteen or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body):

  • Waiver of Event of Default The Majority Certificateholders may, on behalf of all Certificateholders, by notice in writing to the Trustee, direct the Trustee to waive any events permitting removal of any Master Servicer under this Agreement, provided, however, that the Majority Certificateholders may not waive an event that results in a failure to make any required distribution on a Certificate without the consent of the Holder of such Certificate. Upon any waiver of an Event of Default, such event shall cease to exist and any Event of Default arising therefrom shall be deemed to have been remedied for every purpose of this Agreement. No such waiver shall extend to any subsequent or other event or impair any right consequent thereto except to the extent expressly so waived. Notice of any such waiver shall be given by the Trustee to the Rating Agency.

  • Certain Events of Default The following Events of Default will apply to the parties as specified below, and the definition of “Event of Default” in Section 14 is deemed to be modified accordingly: Section 5(a) (i) (Failure to Pay or Deliver) will apply to Party A and Party B. Section 5(a)(ii) (Breach of Agreement) will not apply to Party A or Party B. Section 5(a)(iii) (Credit Support Default) will not apply to Party A or Party B. Section 5(a)(iv) (Misrepresentation) will not apply to Party A or Party B. Section 5(a)(v) (Default under Specified Transaction) will not apply to Party A or Party B. Section 5(a)(vi) (Cross Default) will not apply to Party A or Party B. Section 5(a)(vii) (Bankruptcy) will apply to Party A and Party B; provided that clause (2) thereof shall not apply to Party B. Section 5(a)(viii) (Merger without Assumption) will apply to Party A and Party B.