Common use of Notification of default Clause in Contracts

Notification of default. The Borrower shall notify the Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence.

Appears in 20 contracts

Sources: Loan Agreement (Safe Bulkers, Inc.), Loan Agreement (Safe Bulkers, Inc.), Senior Secured Credit Facility Agreement

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

Appears in 16 contracts

Sources: Facility Agreement (BW LPG LTD), Facility Agreement (Navigator Holdings Ltd.), Facility Agreement (Cool Co Ltd.)

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

Appears in 8 contracts

Sources: Facility Agreement (Navigator Holdings Ltd.), Loan Agreement (Navigator Holdings Ltd.), Loan Agreement (Hafnia LTD)

Notification of default. The Borrower 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.

Appears in 6 contracts

Sources: Loan Facility Agreement, Convertible Loan Agreement (Wisekey International Holding S.A.), Convertible Loan Agreement (Wisekey International Holding S.A.)

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

Appears in 3 contracts

Sources: Facility Agreement (GasLog Ltd.), Facility Agreement (GasLog Ltd.), Facility Agreement (GasLog Ltd.)

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

Appears in 3 contracts

Sources: Facilities Agreement (GasLog Partners LP), Facilities Agreement (GasLog Partners LP), Facilities Agreement (GasLog Ltd.)

Notification of default. The Borrower shall notify the Facility Agent of any Default or Event of Default of which it is aware (and the steps, if any, being taken to remedy itsuch Default or Event of Default) promptly upon becoming aware of its occurrencethereof.

Appears in 2 contracts

Sources: Facility Agreement (Gazit-Globe LTD), Facility Agreement (Gazit-Globe LTD)

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

Appears in 2 contracts

Sources: Facility Agreement, Facility Agreement (Teekay LNG Partners L.P.)

Notification of default. The Borrower 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.

Appears in 2 contracts

Sources: Revolving Credit Facility (Amax Gold Inc), Revolving Credit Facility (Amax Gold Inc)

Notification of default. The Borrower shall notify the Security Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence.

Appears in 2 contracts

Sources: Common Terms Agreement (Seadrill Partners LLC), Common Terms Agreement (Seadrill Partners LLC)

Notification of default. 16.4.1. The Borrower 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.

Appears in 1 contract

Sources: Term Loan Facility Agreement

Notification of default. The Borrower shall notify the Agent Lender of any Default of which it is aware (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence.

Appears in 1 contract

Sources: Loan Agreement (First Alliance Corp /De/)

Notification of default. 14.3.1 The Borrower 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.

Appears in 1 contract

Sources: Facility Agreement (Stena Ab)

Notification of default. The Borrower shall notify the Facility Agent of any Default or Event of Default affecting it (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence.

Appears in 1 contract

Sources: Credit Facility Agreement (Yorkshire Power Group LTD)

Notification of default. The Borrower shall notify the Agent of any Default or any Third Party Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrencethe same.

Appears in 1 contract

Sources: Credit Facility Agreement (Teekay LNG Partners L.P.)

Notification of default. (a) The Borrower shall notify the Facility Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon the Borrower becoming aware of its occurrence.

Appears in 1 contract

Sources: Term Loan Facility Agreement (Advanced Micro Devices Inc)

Notification of default. 14.6.1 The Borrower 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.

Appears in 1 contract

Sources: Facilities Agreement (Harmony Gold Mining Co LTD)

Notification of default. The Borrower shall notify the Facility Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon it becoming aware of its such occurrence.

Appears in 1 contract

Sources: Subordinated Equity Bridge Credit Facilities (Imperial Tobacco Group PLC)

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

Appears in 1 contract

Sources: Facility Agreement (GasLog Ltd.)

Notification of default. (a) The Borrower shall notify the Agent of any Default that occurs and is continuing (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence.

Appears in 1 contract

Sources: Facility Agreement (Lillian Acquisition, Inc.)

Notification of default. The Borrower 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.

Appears in 1 contract

Sources: Multicurrency Revolving Credit Facility Agreement (Schneider Electric Sa)

Notification of default. The Borrower 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.

Appears in 1 contract

Sources: Eleventh Supplemental Agreement (KNOT Offshore Partners LP)

Notification of default. The Each Borrower shall must notify the Facility Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence.

Appears in 1 contract

Sources: Credit Facilities Agreement

Notification of default. The Each Borrower shall notify the Agent of any Default or Event of Default affecting it (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence.

Appears in 1 contract

Sources: Credit Facility Agreement (Yorkshire Power Group LTD)

Notification of default. The Borrower shall notify the Agent of any Default or Event of Default affecting it (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence.

Appears in 1 contract

Sources: Credit Agreement (Yorkshire Power Group LTD)