Notification of Event of Default. The Administrative Agent hereby undertakes to promptly notify the Lenders, and the Lenders hereby promptly undertake to notify the Administrative Agent and the other Lenders, of the existence of any Event of Default, which shall have occurred and be continuing, of which the Administrative Agent or Lender has actual knowledge.
Appears in 3 contracts
Sources: Term Loan and Revolving Credit Facility Agreement (Stolt Nielsen S A), Loan Agreement (B Plus H Ocean Carriers LTD), Credit Facility Agreement (Top Tankers Inc.)
Notification of Event of Default. The Administrative Agent hereby undertakes to promptly notify the Lenders, and the Lenders hereby promptly undertake to notify the Administrative Agent and the other Lenders, of the existence of any Event of Default, which shall have occurred and be continuing, of which the Administrative Agent or Lender has actual knowledgeknowledge which, for purposes of this Section 15.15, shall mean the actual knowledge of an officer having responsibility for the transactions contemplated by this Credit Facility Agreement.
Appears in 2 contracts
Sources: Credit Facility Agreement (Top Ships Inc.), Credit Facility Agreement (Top Tankers Inc.)
Notification of Event of Default. The Administrative Agent hereby undertakes to promptly notify the Lenders, and the Lenders each Lender hereby promptly undertake undertakes to notify the Administrative Agent and the other Lenders, of the existence of any Event of Default, Default which shall have occurred and be continuing, continuing of which the Administrative Agent or any Lender has actual knowledge.
Appears in 2 contracts
Sources: Credit Agreement (Chiles Magellan LLC), Credit Agreement (Chiles Offshore LLC)
Notification of Event of Default. The Administrative Agent hereby undertakes promptly to promptly notify the Lenders, and each of the Lenders hereby undertakes promptly undertake to notify the Administrative Agent and the other Lenders, of the existence of any Event of Default, Default which shall have occurred and be continuing, continuing of which the Administrative Agent or such Lender has actual knowledge.
Appears in 2 contracts
Sources: Senior Secured Revolving Credit Facility (Seacor Holdings Inc /New/), Credit Agreement (Overseas Shipholding Group Inc)
Notification of Event of Default. The Administrative Agent hereby undertakes promptly to promptly notify the LendersBanks, and each of the Lenders Banks hereby undertakes promptly undertake to notify the Administrative Agent and the other LendersBanks, of the existence of any Event of Default, Default which shall have occurred and be continuing, continuing of which the Administrative Agent or Lender such Bank has actual knowledge.
Appears in 1 contract
Notification of Event of Default. The Administrative Agent hereby undertakes to promptly notify the Lenders, and the Lenders hereby promptly undertake to notify the Administrative Agent and the other Lenders, of the existence of any Event of Default, Default which shall have occurred and be continuing, continuing of which the Administrative Agent or any Lender has actual knowledge.
Appears in 1 contract
Notification of Event of Default. The Administrative Agent hereby undertakes to promptly notify the Lenders, and the Lenders hereby promptly undertake to notify the Administrative Agent and the other Lenders, of the existence of any Event of Default, which shall have occurred and be continuing, of which the Administrative Agent or Lender has actual knowledgeknowledge which, for purposes of this Section 14.15, shall mean the actual knowledge of an officer having responsibility for the transactions contemplated by this Credit Facility Agreement.
Appears in 1 contract
Notification of Event of Default. The Administrative Agent hereby undertakes to promptly notify the Lenders, and the Lenders hereby promptly undertake to notify the Administrative Agent and the other Lenders, of the existence of any Event of Default, Default which shall have occurred and be continuing, continuing of which the Administrative Agent or Lender such party has actual knowledge.
Appears in 1 contract