Common use of Notification of default Clause in Contracts

Notification of default. 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.

Appears in 9 contracts

Sources: Term Loan Facility (Flex LNG Ltd.), Senior Secured Credit Facility Agreement (North Atlantic Drilling Ltd.), Credit Agreement (Adecco Sa)

Notification of default. 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.

Appears in 7 contracts

Sources: Term Loan Facility Agreement (KNOT Offshore Partners LP), Second Supplemental Agreement, Loan and Guarantee Facility Agreement (KNOT Offshore Partners LP)

Notification of default. Each Obligor 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 7 contracts

Sources: Revolving Credit Facility Agreement (Kosmos Energy Ltd.), Revolving Credit Facility Agreement (Kosmos Energy Ltd.), Amendment and Restatement Agreement (Kosmos Energy Ltd.)

Notification of default. 17.6.1 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 occurrenceoccurrence (unless that Obligor is aware that a notification has already been provided by another Obligor).

Appears in 6 contracts

Sources: Revolving Credit Facility Agreement (Sibanye Gold LTD), Facility Agreement (Gold Fields LTD), Revolving Credit Facility Agreement (Gold Fields LTD)

Notification of default. Each The Obligor shall notify the Agent of the occurrence of any Default (and the steps, if any, being of any action taken or proposed to be taken to remedy it) or Event of Default promptly upon after becoming aware of its occurrenceit.

Appears in 4 contracts

Sources: Letter of Credit and Reimbursement Agreement (Arch Capital Group Ltd.), Letter of Credit and Reimbursement Agreement (Arch Capital Group Ltd.), Letter of Credit and Reimbursement Agreement (Arch Capital Group Ltd.)

Notification of default. 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.

Appears in 3 contracts

Sources: Facilities Agreement (Autoliv Inc), Revolving Credit Facility (Toreador Resources Corp), Facilities Agreement (Autoliv Inc)

Notification of default. Each The Obligors’ Agent and the relevant 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.

Appears in 2 contracts

Sources: Syndicated Loan Facility (Anglogold Ashanti LTD), Syndicated Bridge Loan Facility (Anglogold Ashanti LTD)

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

Appears in 2 contracts

Sources: Guarantee, Revolving Credit and Term Loan Facility Agreement (DryShips Inc.), Guarantee, Revolving Credit and Term Loan Facility Agreement (DryShips Inc.)

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.

Appears in 1 contract

Sources: Term Loan Facility Agreement (Castor Maritime Inc.)

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

Appears in 1 contract

Sources: Revolving Credit Facility (Celltech Group PLC)

Notification of default. Each Obligor of 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.

Appears in 1 contract

Sources: Senior Secured Credit Facility Agreement (Ocean Rig UDW Inc.)

Notification of default. 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.

Appears in 1 contract

Sources: Facility Agreement (Tomkins PLC)

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

Appears in 1 contract

Sources: Revolving Credit Facility (Cobe Laboratories Inc)