Common use of Notice to Agent Clause in Contracts

Notice to Agent. Should any Default or Potential Default occur and --------------- be continuing, any Lender having actual knowledge thereof shall notify Agent and Borrower of the existence thereof, but the failure of any Lender to provide that notice shall not prejudice that Lender's Rights under this agreement.

Appears in 2 contracts

Sources: Credit Agreement (Matrix Capital Corp /Co/), Credit Agreement (Pioneer Commercial Funding Corp /Ny/)

Notice to Agent. Should any Default or Potential Default occur and --------------- be continuing, any Lender having actual knowledge thereof shall notify Agent and Borrower the Companies of the existence thereof, but the failure of any Lender to provide that notice shall not prejudice that Lender's Rights under this agreement.

Appears in 1 contract

Sources: Loan and Security Agreement (Ryland Group Inc)

Notice to Agent. Should any Default or Potential Default occur and be --------------- be continuing, any Lender having actual knowledge thereof shall notify Agent and Borrower of the existence thereof, but the failure of any Lender to provide that notice shall not prejudice that Lender's Rights under this agreement.

Appears in 1 contract

Sources: Credit Agreement (Matrix Bancorp Capital Trust I)

Notice to Agent. Should any Default or Potential Default occur and --------------- be continuing, any Lender having actual knowledge thereof shall notify Agent and Borrower of the existence thereof, but the failure of any Lender to provide that notice shall not prejudice that Lender's Rights under this agreement.

Appears in 1 contract

Sources: Loan Agreement (Matrix Capital Corp /Co/)