Common use of Acceleration and Cancellation Clause in Contracts

Acceleration and Cancellation. 31.6.1 On and at any time after the occurrence of an Event of Default which is continuing in relation to a Borrower, the Agent may without mise en demeure or any other judicial or extra judicial step (and, if so instructed by the Majority Lenders, shall) by notice to that Borrower, with copy to the Company but subject (to the extent applicable) to the mandatory provisions of articles L.620-1 et seq. of the French Code de Commerce:

Acceleration and Cancellation. 31.6.1 On and at any time after Upon the occurrence of an Event of Default which is continuing in relation to a Borrowerat any time thereafter, the Agent may may, without any mise en demeure or any other judicial or extra judicial step (and, if so instructed by the Majority Lenders, shall) by notice to that Borrower, with copy to the Company Borrowers but subject (to the extent applicable) to the mandatory provisions of articles L.620-1 et seq. to L.628-3 of the French Code de Commercecommerce:

Acceleration and Cancellation. 31.6.1 On and at any time after Upon the occurrence of an Event of Default which is continuing in relation to a Borrowerat any time thereafter, the Agent may may, without any mise en demeure or any other judicial or extra judicial step (and, if so instructed by the Majority Lenders, shall) by notice to that Borrower, with copy to the Company Borrower but subject (to the extent applicable) to the mandatory provisions of articles L.620-1 et seq. to L.628-3 of the French Code de Commercecommerce: