Common use of Acceleration and Cancellation Clause in Contracts

Acceleration and Cancellation. Upon the occurrence of an Event of Default at any time thereafter while that Event of Default is continuing, the Agent may, upon instruction by the Lenders, by notice to the Borrower:

Appears in 4 contracts

Samples: Restated Agreement (HCC Insurance Holdings Inc/De/), Restated Agreement (HCC Insurance Holdings Inc/De/), Restated Agreement (HCC Insurance Holdings Inc/De/)

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Acceleration and Cancellation. 23.2.1 Upon the occurrence of an Event of Default and at any time thereafter while that such Event of Default is continuing, the Agent may, may and shall upon instruction by the Lenders, direction of the Majority Lenders by notice to the Borrower:

Appears in 3 contracts

Samples: Account Pledge Agreement, Account Pledge Agreement (Mercer International Inc.), Account Pledge Agreement (Mercer International Inc)

Acceleration and Cancellation. Upon the occurrence of an Event of Default and at any time thereafter while that Event of Default whilst it is continuing, the Agent maymay (and, upon instruction if so instructed by the Lenders, Bank shall) by notice to the Borrower:

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement

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Acceleration and Cancellation. Upon the occurrence of an Event of Default at any time thereafter while that Event of Default is continuing, the Agent may, upon instruction by the Lenders, may by notice to the Borrower:

Appears in 1 contract

Samples: HCC Insurance Holdings Inc/De/

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