Common use of Notification of default Clause in Contracts

Notification of default. (a) Each Obligor shall notify the Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence (unless that Obligor is aware that a notification has already been provided by another Obligor).

Appears in 47 contracts

Sources: Multicurrency Revolving Facility Agreement (Luxfer Holdings PLC), Loan Agreement (PCGI Intermediate Holdings LTD), Facility Agreement (PCGI Intermediate Holdings LTD)

Notification of default. (a) Each Obligor shall notify the Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence (unless that Obligor is aware that a notification has already been provided by another Obligor).

Appears in 39 contracts

Sources: Sustainability Linked Revolving Credit Facility Agreement (ICL Group Ltd.), Amendment and Restatement Agreement (Ferguson PLC), Facility Agreement (Las Vegas Sands Corp)

Notification of default. (a) Each Obligor shall notify the Agent Agent, of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence (unless that Obligor is aware that a notification has already been provided by another Obligor).

Appears in 12 contracts

Sources: Multicurrency Parallel Bridge Facility Agreement (Gold Fields LTD), Multicurrency Bridge Facility Agreement (Gold Fields LTD), Credit Facility Agreement (Gold Fields LTD)

Notification of default. (a) Each Obligor shall notify the Facility Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence (unless that Obligor is aware that a notification has already been provided by another Obligor).

Appears in 6 contracts

Sources: Borrowing Base Facility Agreement (Transglobe Energy Corp), Facility Agreement (Shire Ltd.), Syndication and Amendment Agreement (Shire PLC)

Notification of default. (a) Each Obligor shall, and shall procure that each other Transaction Obligor shall, notify the Facility Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence (unless that Obligor is aware that a notification has already been provided by another Obligor).

Appears in 6 contracts

Sources: Term, Revolving and Accordion Facilities Agreement (Ardmore Shipping Corp), Term, Revolving and Accordion Facilities Agreement (Ardmore Shipping Corp), Term Loan Facility (Ardmore Shipping Corp)

Notification of default. (a) Each Obligor shall notify the COFACE Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence (unless that Obligor is aware that a notification has already been provided by another Obligor).

Appears in 4 contracts

Sources: Supplemental Agreement (Iridium Communications Inc.), Supplemental Agreement (Iridium Communications Inc.), Loan Agreement (Iridium Communications Inc.)

Notification of default. (a) Each Obligor The Obligors shall notify the Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence (unless that Obligor is aware that a notification has already been provided by another Obligor)occurrence.

Appears in 4 contracts

Sources: Second Supplemental Agreement (KNOT Offshore Partners LP), Term Loan and Revolving Credit Facilities Agreement (Seadrill Partners LLC), Term Loan and Revolving Credit Facilities Agreement

Notification of default. (a) 20.8.1 Each Obligor shall notify the Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence (unless that Obligor is aware that a notification has already been provided by another Obligor).

Appears in 3 contracts

Sources: Term Facility Agreement (Enstar Group LTD), Term Facility Agreement (Enstar Group LTD), Term Facility Agreement (Enstar Group LTD)

Notification of default. (a) Each Obligor shall notify the Facility Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence (unless that Obligor is aware that such a notification has already been provided by another Obligor).

Appears in 3 contracts

Sources: Deed of Amendment Agreement (RISE Education Cayman LTD), Facility Agreement (WuXi PharmaTech (Cayman) Inc.), Facility Agreement (WuXi PharmaTech (Cayman) Inc.)

Notification of default. (a) Each Obligor shall notify the Agent Lender of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence (unless that Obligor it is aware that a notification has already been provided by another Obligor).

Appears in 2 contracts

Sources: Uncommitted Borrowing Base Facility Agreement (Hafnia LTD), Uncommitted Borrowing Base Facility Agreement (Hafnia LTD)

Notification of default. (a) Each Obligor shall notify the Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence (unless that Obligor it is aware that a notification another Obligor has already been provided by another Obligorsuch notification).

Appears in 2 contracts

Sources: Loan Agreement (Norwegian Cruise Line Holdings Ltd.), Loan Agreement (Norwegian Cruise Line Holdings Ltd.)

Notification of default. (a) Each Obligor shall notify the Agent of of: (i) any Default Value Deficiency Event; or (ii) any other Default, (and in each case the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence (unless that Obligor is aware that a notification has already been provided by another Obligor).

Appears in 2 contracts

Sources: Senior Term Facilities Agreement (CorpAcq Group PLC), Senior Term Facilities Agreement (CorpAcq Group PLC)

Notification of default. (a) Each Obligor shall notify the Agent Lender of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence (unless that Obligor is aware that a notification has already been provided by another Obligor).

Appears in 2 contracts

Sources: Subordination and Obligors' Undertaking Agreement, Subordination and Obligors' Undertaking Agreement

Notification of default. (a) Each Obligor shall notify the Agent of any continuing Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence (unless that Obligor is aware that a notification has already been provided by another Obligor).

Appears in 2 contracts

Sources: Amendment and Restatement Agreement (Melco Resorts & Entertainment LTD), Amendment and Restatement Agreement (STUDIO CITY INTERNATIONAL HOLDINGS LTD)

Notification of default. (a) Each Obligor shall notify the Facility Agent of any Default (and the steps, if any, being taken or to be taken to remedy it) promptly upon becoming aware of its occurrence (unless that Obligor is aware that a notification has already been provided by another Obligor).

Appears in 1 contract

Sources: Common Terms Agreement (Sedibelo Resources LTD)

Notification of default. (a) 20.9.1 Each Obligor shall notify the Administrative Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence (unless that Obligor is aware that a notification has already been provided by another Obligor).

Appears in 1 contract

Sources: Senior Facilities Agreement (Equinix Inc)

Notification of default. (a) Each Obligor shall notify the Agent of any Default which is continuing (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence (unless that Obligor is aware that a notification has already been provided by another Obligor).

Appears in 1 contract

Sources: Notes Purchase Agreement (Membership Collective Group Inc.)

Notification of default. (a) Each Obligor shall notify the Agent of any Event of Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence (unless that Obligor is aware that a notification has already been provided by another Obligor)occurrence.

Appears in 1 contract

Sources: Facility Agreement (Reckitt Benckiser Group PLC)

Notification of default. (a) Each Obligor shall notify the Agent of any Event of Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence (unless that Obligor is aware that a notification has already been provided by another Obligor).

Appears in 1 contract

Sources: Facility Agreement (Navios Maritime Partners L.P.)

Notification of default. (a) 20.8.1 Each Obligor shall notify the Agent Lender of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence (unless that Obligor is aware that a notification has already been provided by another Obligor).

Appears in 1 contract

Sources: Senior Facility Agreement (Fx Energy Inc)

Notification of default. (a) Each Obligor shall notify the Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence (unless that Obligor is aware that a notification regarding such Default has already been provided by another Obligor).

Appears in 1 contract

Sources: Term Facilities Agreement (Shire PLC)

Notification of default. (a) Each Obligor shall notify the Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence (occurrence, unless that Obligor is aware that a notification has already been provided by another Obligor).

Appears in 1 contract

Sources: Facility Agreement (Waterford Wedgwood PLC)

Notification of default. (a) Each Obligor shall notify the Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence (unless that Obligor is aware that a the Agent has received such notification has already been provided by from another Obligor).

Appears in 1 contract

Sources: Facility Agreement (Sappi LTD)

Notification of default. (a) Each Obligor shall notify the Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence (unless that Obligor it is aware that a notification another Obligor has already been provided by another Obligorsuch notification).

Appears in 1 contract

Sources: Loan Agreement (Norwegian Cruise Line Holdings Ltd.)

Notification of default. (a) Each Obligor shall notify the Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence and in any event within five days after becoming aware of the occurrence of such Default (unless that Obligor is aware that a notification has already been provided by another Obligor).

Appears in 1 contract

Sources: Facilities Agreement (Cemex Sab De Cv)

Notification of default. (a) Each Obligor shall notify the Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence (unless that Obligor is aware that a notification has already been provided by another Obligor).. Back to Contents

Appears in 1 contract

Sources: Multicurrency Revolving Facility Agreement (Wolseley PLC)

Notification of default. (a) Each Obligor shall notify the Agent of any Default which is continuing (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence (unless that Obligor is aware that a notification has already been provided by another Obligor).. |EU-DOCS\34803319.2||

Appears in 1 contract

Sources: Notes Purchase Agreement (Membership Collective Group Inc.)

Notification of default. (a) Each Obligor shall notify the Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence (unless that Obligor is aware that a notification has already been provided by another ObligorMaterial Project Party).

Appears in 1 contract

Sources: Facility Agreement (Las Vegas Sands Corp)

Notification of default. (a) Each Obligor shall notify the Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence (unless that Obligor is aware that a the Agent has received such notification has already been provided by another Obligor).

Appears in 1 contract

Sources: Facility Agreement (Sappi LTD)

Notification of default. (a) 20.7.1 Each Obligor shall notify the Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence (unless that Obligor is aware that a notification has already been provided by another Obligor).

Appears in 1 contract

Sources: Term Loan and Multicurrency Revolving Facilities Agreement (AVG Technologies N.V.)

Notification of default. (a) Each Obligor shall notify the Agent Lender of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence (unless that Obligor is aware that a notification has already been provided by another Obligor)occurrence.

Appears in 1 contract

Sources: Facility Agreement (Viewsonic Corp)

Notification of default. (a) 21.6.1 Each Obligor shall notify the Facility Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence (unless that Obligor is aware that a notification has already been provided by another Obligor).

Appears in 1 contract

Sources: Facilities Agreement (UTi WORLDWIDE INC)

Notification of default. (a) Each Obligor shall notify the Agent Agents of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence (unless that Obligor is aware that a notification has already been provided by another Obligor).

Appears in 1 contract

Sources: Term and Revolving Facilities Agreement (International Textile Group Inc)

Notification of default. (a) Each Obligor shall notify the Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence (unless that Obligor is aware that a notification has already been provided by another the other Obligor).

Appears in 1 contract

Sources: Facility Agreement (Aegean Marine Petroleum Network Inc.)

Notification of default. (a) Each Obligor party hereto shall notify the Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence (unless that Obligor is aware that a notification has already been provided by another Obligor).

Appears in 1 contract

Sources: Facility Agreement (WuXi PharmaTech (Cayman) Inc.)

Notification of default. (a) Each Obligor shall notify the Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence (unless that Obligor is aware that such a notification has already been provided by another Obligor).

Appears in 1 contract

Sources: Amendment and Restatement Agreement (Sunrise Senior Living Inc)

Notification of default. (a) 20.6.1 Each Obligor shall notify the Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence (unless that Obligor is aware that a notification has already been provided by another Obligor).

Appears in 1 contract

Sources: Facilities Agreement (Elbit Imaging LTD)

Notification of default. (a) Each Obligor shall notify the Agent of any Default or Exclusive US Obligor Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence (unless that Obligor is aware that a notification has already been provided by another Obligor).

Appears in 1 contract

Sources: Multicurrency Facilities Agreement (Pernod Ricard S a /Fi)

Notification of default. (a) 21.4.1 Each Obligor shall notify the Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence (unless that Obligor is aware that a notification has already been provided by another Obligor).

Appears in 1 contract

Sources: Facility Agreement (Ivanhoe Energy Inc)

Notification of default. (a) 21.8.1 Each Obligor shall notify the Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence (unless that Obligor is aware that a notification has already been provided by another Obligor).

Appears in 1 contract

Sources: Term Facility Agreement (Enstar Group LTD)