Common use of Notification of Status Clause in Contracts

Notification of Status. Each Bank shall notify the Agent if it is not a Qualifying Lender at the time it becomes a Bank hereunder and shall promptly notify the Agent if at any time thereafter it ceases to be a Qualifying Lender. The Agent shall promptly notify the Borrower of any notices it receives under this Clause 10.8 and if it ceases to be a Qualifying Lender.

Appears in 3 contracts

Sources: Credit Agreement (NTL Communications Corp), Credit Agreement (NTL Inc/De/), Credit Agreement (NTL Delaware Inc)

Notification of Status. Each Bank shall notify the Agent if it is not a Qualifying Lender at the time it becomes a Bank hereunder and shall promptly notify the Agent if at any time thereafter it ceases to be a Qualifying Lender. The Agent shall promptly notify the Borrower Relevant Obligor of any notices it receives under this Clause 10.8 11.7 and if it ceases to be a Qualifying Lender.

Appears in 2 contracts

Sources: Credit Agreement (NTL Delaware Inc), Credit Agreement (NTL Inc/De/)

Notification of Status. Each Bank shall notify the Agent if it is not a Qualifying Lender at the time it becomes a Bank hereunder and shall promptly notify the Agent if at any time thereafter it ceases to be a Qualifying Lender. The Agent shall promptly notify the Borrower of any notices it receives under this Clause 10.8 and if it ceases to be a Qualifying Lender10.8.

Appears in 1 contract

Sources: Credit Agreement (NTL Inc)

Notification of Status. Each Bank shall notify the Agent if it is not a Qualifying Lender at the time it becomes a Bank hereunder and or, if it is then a Qualifying Lender, shall promptly notify the Agent if at any time thereafter it ceases to be a Qualifying Lender. The Agent shall promptly notify the Borrower Relevant Obligor of any notices it receives under this Clause 10.8 15.6 and if it ceases to be a Qualifying Lender.

Appears in 1 contract

Sources: Credit Agreement (NTL Inc/De/)