Common use of Notices of Events of Default Clause in Contracts

Notices of Events of Default. The Trustee shall notify the Collateral Agent (with a copy to a Term Loan Agent) if an Event of Default has occurred under (and as defined in) the Indenture of which it has actual knowledge and of the forbearance, waiver or other termination, if any, of such Event of Default. A Term Loan Agent shall notify the Collateral Agent (with a copy to the Trustee) if an Event of Default has occurred under (and as defined in) a Term Loan Agreement and of the forbearance, waiver or other termination, if any, of such Event of Default. The Swap Representative shall notify the Collateral Agent (with a copy to the Trustee and a Term Loan Agent) if it receives notice from one or more Swap Creditors that one or more Swap Termination Dates or Termination Events have occurred and of the forbearance, waiver or other termination, if any, of such Swap Termination Date or Termination Event.

Appears in 2 contracts

Sources: Intercreditor and Collateral Agency Agreement, Intercreditor and Collateral Agency Agreement (Duane Reade Holdings Inc)

Notices of Events of Default. The Trustee shall notify the Collateral Agent (with a copy to a Term Loan Agent) if an Event of Default has occurred under (and as defined in) the Indenture of which it has actual knowledge and of the forbearance, waiver or other termination, if any, of such Event of Default. A Term Loan Agent shall notify the Collateral Agent (with a copy to the Trustee) if an Event of Default has occurred under (and as defined in) a Term Loan Credit Agreement and of the forbearance, waiver or other termination, if any, of such Event of Default. The Swap Representative shall notify the Collateral Agent (with a copy to the Trustee and a Term Loan Agent) if it receives notice from one or more Swap Creditors that one or more Swap Termination Dates or Termination Events have occurred and of the forbearance, waiver or other termination, if any, of such Swap Termination Date or Termination Event.

Appears in 1 contract

Sources: Intercreditor and Collateral Agency Agreement (Duane Reade)