Common use of Notice of Indenture Event of Default Clause in Contracts

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.

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 and Lessees Lessee 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.