Common use of Notification of default Clause in Contracts

Notification of default. 18.4.1 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 (unless the Borrower is aware that a notification has already been provided by the Borrower).

Appears in 6 contracts

Sources: Facility Agreement, Facility Agreement, Facility Agreement (Hoegh LNG Partners LP)

Notification of default. 18.4.1 (a) 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 (unless the Borrower is aware that a notification has already been provided by the Borrower)occurrence.

Appears in 6 contracts

Sources: Multicurrency Guarantee Facility Agreement (Acergy S.A.), Facility Agreement (Sterlite Industries (India) LTD), Term Loan Facilities Agreement (Sterlite Industries (India) LTD)

Notification of default. 18.4.1 (a) 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 (unless the Borrower is aware that a notification has already been provided by the Borroweranother Obligor).

Appears in 5 contracts

Sources: Facility Agreement (Daqo New Energy Corp.), Facility Agreement, Loan Facility Agreement

Notification of default. 18.4.1 a) 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 (unless the Borrower is aware that a notification has already been provided by the Borrower)occurrence.

Appears in 3 contracts

Sources: Facility Agreement (NORDIC AMERICAN TANKERS LTD), Facility Agreement (Nordic American Offshore Ltd.), Facility Agreement (Nordic American Offshore Ltd.)

Notification of default. 18.4.1 The Each Borrower and the Guarantor 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 the Borrower is aware that a notification has already been provided by the Borrower)occurrence.

Appears in 3 contracts

Sources: Second Supplemental Agreement to a Secured Loan Agreement (Scorpio Tankers Inc.), Secured Loan Agreement (Scorpio Tankers Inc.), Secured Loan Agreement (Scorpio Tankers Inc.)

Notification of default. 18.4.1 The Each Borrower and each Guarantor 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 the Borrower is aware that a notification has already been provided by the Borrower)occurrence.

Appears in 3 contracts

Sources: Fourth Supplemental Agreement to Secured Loan Agreement (TORM PLC), Fourth Supplemental Agreement to Secured Loan Agreement (TORM PLC), Fourth Supplemental Agreement to Secured Loan Agreement (TORM PLC)

Notification of default. 18.4.1 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 (unless the Borrower is aware that a notification has already been provided by the Borrowera Guarantor).

Appears in 3 contracts

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

Notification of default. 18.4.1 The Borrower and the Guarantor 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 the Borrower is aware that a notification has already been provided by the Borrower)occurrence.

Appears in 2 contracts

Sources: Loan Agreement (Scorpio Bulkers Inc.), Secured Loan Agreement (Scorpio Bulkers Inc.)

Notification of default. 18.4.1 The Borrower Borrowers 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 the Borrower is aware that a notification has already been provided by the Borrower)occurrence.

Appears in 2 contracts

Sources: Loan Agreement (B Plus H Ocean Carriers LTD), Credit Agreement (B Plus H Ocean Carriers LTD)

Notification of default. 18.4.1 19.5.1 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 (unless the Borrower is aware that a notification has already been provided by the Borrower)occurrence.

Appears in 1 contract

Sources: Facility Agreement (Morgans Hotel Group Co.)

Notification of default. 18.4.1 The 19.6.1 Each 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 (unless the Borrower is aware that a notification has already been provided by the Borrower)occurrence.

Appears in 1 contract

Sources: Secured Loan Agreement (Genco Shipping & Trading LTD)

Notification of default. 18.4.1 The Borrower 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 the Borrower is aware that a notification has already been provided by the Borrower)occurrence.

Appears in 1 contract

Sources: Senior Facility Agreement (Spansion Inc.)

Notification of default. 18.4.1 (a) The Borrower Borrowers 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 the Borrower is aware that a notification has already been provided by the Borrower)occurrence.

Appears in 1 contract

Sources: Secured Loan Agreement (Diana Shipping Inc.)

Notification of default. 18.4.1 (a) The Borrower shall notify the Agent Lenders of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence (unless the Borrower is aware that a notification has already been provided by the Borrower)occurrence.

Appears in 1 contract

Sources: Loan Agreement (Ormat Technologies, Inc.)

Notification of default. 18.4.1 19.7.1 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 (unless the Borrower is aware that a notification has already been provided by the Borrower)occurrence.

Appears in 1 contract

Sources: Facility Agreement (Powerfleet, Inc.)

Notification of default. 18.4.1 18.6.1 The Borrower shall notify the Security Agent and the Lender of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence (unless the Borrower is aware that a notification has already been provided by the Borrower)occurrence.

Appears in 1 contract

Sources: Term Facility Agreement (Nii Holdings Inc)

Notification of default. 18.4.1 The Borrower (a) Each of the Borrowers and the Guarantor 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 the that Borrower or Guarantor is aware that a notification has already been provided by the Borroweranother Borrower or Guarantor).

Appears in 1 contract

Sources: Term Loan Facility Agreement (DHT Holdings, Inc.)

Notification of default. 18.4.1 (a) The Borrower shall notify the Agent Lender of any Default (and the steps, if any, being taken to remedy it) and/or any Change of Control promptly upon becoming aware of its occurrence (unless the Borrower is aware that a notification has already been provided by the Borrower)occurrence.

Appears in 1 contract

Sources: Term Facility Agreement (Corgi International LTD)

Notification of default. 18.4.1 (a) The Borrower shall notify the Facility Agent of any Event of Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence (unless the Borrower is aware that a notification has already been provided by the Borrower)occurrence.

Appears in 1 contract

Sources: Facility Agreement (Telecom Italia S P A)

Notification of default. 18.4.1 (a) 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 (unless the Borrower is aware that a notification has already been provided by the Borroweranother Obligor).

Appears in 1 contract

Sources: Facility Agreement (Wimm Bill Dann Foods Ojsc)

Notification of default. 18.4.1 (a) 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 (unless the Borrower it is aware that a notification has already been provided by the Borroweranother Obligor).

Appears in 1 contract

Sources: Facility Agreement

Notification of default. 18.4.1 19.5.1 The Borrower and the Guarantor 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 the Borrower is aware that a notification has already been provided by the Borrower)occurrence.

Appears in 1 contract

Sources: Secured Term Loan Facility (DHT Holdings, Inc.)

Notification of default. 18.4.1 (a) 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 (unless the Borrower is aware that a notification has already been provided by the Borrower)occurrence.

Appears in 1 contract

Sources: Facility Agreement (PT Indosat TBK)

Notification of default. 18.4.1 The Borrower shall notify the Agent of any Default default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence (unless the Borrower is aware that a notification has already been provided by the Borrower).occurrence

Appears in 1 contract

Sources: Revolving Credit Facility Agreement (Nordic American Tanker Shipping LTD)

Notification of default. 18.4.1 The (a) Each of the Borrower and the Guarantor 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 the Borrower it is aware that a notification has already been provided by the Borroweranother Obligor).

Appears in 1 contract

Sources: Facility Agreement (Opto Circuits (India) LTD)

Notification of default. 18.4.1 The Borrower shall notify the Agent of any Default which has occurred and is continuing (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence (unless the Borrower is aware that a notification has already been provided by the Borrower)occurrence.

Appears in 1 contract

Sources: Secured Loan Agreement (Energy Infrastructure Merger CORP)

Notification of default. 18.4.1 (a) The Borrower and each Guarantor shall (and the Borrower shall ensure each other Obligor will) notify the Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence (unless the Borrower that Obligor is aware that a notification has already been provided by the Borroweranother Obligor).

Appears in 1 contract

Sources: Facility Agreement (Golden Star Resources LTD)