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This excerpt taken from the CVS 8-K filed Mar 23, 2007. Notice
of
Default
The Administrative
Agent shall not be deemed
to have knowledge or notice of the occurrence of any Default or Event of Default
unless the Administrative Agent shall have received written notice thereof
from
a Lender or the Borrower referring to this Agreement, describing such Default
or
Event of Default and stating such notice is a “Notice
of Default.”
In
the event that the
Administrative Agent receives such a notice, the Administrative Agent shall
promptly give notice thereof to the Lenders. The Administrative Agent shall
take
such action with respect to such Default or Event of Default as shall be
reasonably directed by the Required Lenders, provided
that unless and until the Administrative
Agent shall have received such directions, the Administrative Agent may (but
shall not be obligated to) take such action or give such directions, or refrain
from taking such action or giving such directions, with respect to such Default
or Event of Default as it shall deem to be in the best interests of the
Lenders.
10.6 This excerpt taken from the CVS 8-K filed Aug 15, 2006. . Notice of Default. If a Default occurs and is continuing with respect to a series of Debt Securities and if such Default is known to a Responsible Officer of the
Trustee, the Trustee shall mail to each Holder of a Debt Security of such series a notice of such Default within 90 days (or such shorter period as may be required by applicable law) after such Default occurs. Except in the case of a Default in
payment of principal of, premium, if any, or interest on any Debt Security, the Trustee may withhold the notice if and so long as a committee of its Responsible Officers in good faith determines that withholding the notice is in the interests of the
Holders of the Debt Securities.
Section 7.06 | EXCERPTS ON THIS PAGE:
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