Common use of Notification of Claim against Collateral Clause in Contracts

Notification of Claim against Collateral. The Borrower will, within three (3) days of becoming aware thereof, notify the Administrative Agent in writing of any Lien upon any of the Collateral having an aggregate value of $500,000 or more.

Appears in 2 contracts

Sources: Revolving Credit Agreement (SeaCube Container Leasing Ltd.), Revolving Credit Agreement (SeaCube Container Leasing Ltd.)

Notification of Claim against Collateral. The Borrower will, within three (3) days of becoming aware thereof, notify the Administrative Agent and each Interest Rate Hedge Provider in writing of any Lien upon any of the Collateral having an if the aggregate value of the affected Collateral is $500,000 100,000 or more.

Appears in 2 contracts

Sources: Credit Agreement (CAI International, Inc.), Term Loan Agreement (CAI International, Inc.)

Notification of Claim against Collateral. The Borrower will, within three (3) days of becoming aware thereof, notify the Administrative Agent in writing of any Lien upon any of the Collateral having an if the aggregate value of the affected Collateral is $500,000 100,000 or more.

Appears in 2 contracts

Sources: Credit Agreement (SeaCube Container Leasing Ltd.), Credit Agreement (SeaCube Container Leasing Ltd.)

Notification of Claim against Collateral. The Borrower will, within three (3) days of becoming aware thereof, notify the Administrative Agent in writing of any Lien upon any of the Collateral having an aggregate value of $500,000 or more.

Appears in 2 contracts

Sources: Revolving Credit Agreement (SeaCube Container Leasing Ltd.), Revolving Credit Agreement (Seacastle Inc.)

Notification of Claim against Collateral. The Borrower will, within three (3) days of becoming aware thereof, notify the Administrative Agent in writing of any Lien upon any of the Collateral having an if the aggregate value of the affected Collateral is $500,000 100,000 or more.

Appears in 1 contract

Sources: Credit Agreement (Seacastle Inc.)