{"component": "clause", "props": {"groups": [{"samples": [{"hash": "c4mIQZE3U7Q", "uri": "/contracts/c4mIQZE3U7Q#acceleration-and-cancellation", "label": "Project Financing Facility Agreement (Mercer International Inc.)", "score": 25.8295688629, "published": true}, {"hash": "aIyVbwjJPXN", "uri": "/contracts/aIyVbwjJPXN#acceleration-and-cancellation", "label": "Project Financing Facility Agreement (Mercer International Inc.)", "score": 21.138261795, "published": true}], "snippet_links": [{"key": "upon-the-occurrence-of-an-event-of-default", "type": "clause", "offset": [7, 49]}, {"key": "at-any-time", "type": "clause", "offset": [54, 65]}, {"key": "the-agent-may", "type": "clause", "offset": [120, 133]}, {"key": "combined-majority-lenders", "type": "definition", "offset": [170, 195]}, {"key": "the-majority-lenders", "type": "clause", "offset": [200, 220]}, {"key": "notice-to-the-borrower", "type": "clause", "offset": [224, 246]}, {"key": "the-advances", "type": "clause", "offset": [279, 291]}, {"key": "due-and-payable", "type": "clause", "offset": [310, 325]}, {"key": "accrued-interest", "type": "clause", "offset": [462, 478]}, {"key": "other-sums", "type": "clause", "offset": [495, 505]}, {"key": "by-the-borrower", "type": "clause", "offset": [516, 531]}, {"key": "the-financing-documents", "type": "clause", "offset": [538, 561]}, {"key": "facility-will", "type": "clause", "offset": [611, 624]}, {"key": "the-lenders", "type": "clause", "offset": [649, 660]}, {"key": "undrawn-commitments", "type": "definition", "offset": [662, 681]}, {"key": "each-lender", "type": "clause", "offset": [705, 716]}, {"key": "to-zero", "type": "definition", "offset": [754, 761]}, {"key": "provided-that", "type": "clause", "offset": [763, 776]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [778, 807]}, {"key": "in-clauses", "type": "clause", "offset": [862, 872]}, {"key": "insolvency-and-rescheduling", "type": "clause", "offset": [882, 909]}], "size": 4, "snippet": "23.2.1 Upon the occurrence of an Event of Default and at any time thereafter while such Event of Default is continuing, the Agent may and shall upon the direction of the Combined Majority Lenders and the Majority Lenders by notice to the Borrower:\n(a) declare all or any part of the Advances to be immediately due and payable or declare all or any part of the Advances to be due and payable on its demand (whereupon the same will become so payable together with accrued interest thereon and any other sums then owed by the Borrower under the Financing Documents);\n(b) declare that any unutilised portion of the Facility will be cancelled, whereupon the Lenders\u2019 undrawn Commitments shall be cancelled and each Lender\u2019s undrawn Commitment will be reduced to zero, provided that, notwithstanding the foregoing, upon the occurrence of an Event of Default specified in Clauses 23.1.10 (Insolvency and Rescheduling), 23.", "hash": "15c508a4e166a602acc10e0f2e405204", "id": 6}, {"samples": 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"offset": [269, 290]}, {"key": "the-liabilities", "type": "clause", "offset": [336, 351]}, {"key": "to-zero", "type": "definition", "offset": [416, 423]}, {"key": "satisfaction-of", "type": "clause", "offset": [546, 561]}, {"key": "the-us", "type": "clause", "offset": [598, 605]}, {"key": "facility-agreement", "type": "clause", "offset": [607, 625]}, {"key": "all-reasonable-endeavours", "type": "clause", "offset": [667, 692]}, {"key": "cash-collateral", "type": "definition", "offset": [726, 741]}, {"key": "to-the-trustee", "type": "clause", "offset": [742, 756]}, {"key": "by-the-agent", "type": "clause", "offset": [806, 818]}, {"key": "the-borrower-shall", "type": "clause", "offset": [830, 848]}, {"key": "facility-shall", "type": "clause", "offset": [911, 925]}, {"key": "available-commitment", "type": "definition", "offset": [982, 1002]}, {"key": "the-finance-documents", "type": "clause", "offset": [1120, 1141]}, {"key": "to-exercise", "type": "clause", "offset": [1173, 1184]}, {"key": "provided-that", "type": "clause", "offset": [1272, 1285]}, {"key": "in-the-case-of-an", "type": "clause", "offset": [1286, 1303]}, {"key": "in-clauses", "type": "clause", "offset": [1331, 1341]}, {"key": "involuntary-bankruptcy-or-receivership-proceedings", "type": "clause", "offset": [1348, 1398]}, {"key": "voluntary-petitions-or-consents", "type": "clause", "offset": [1410, 1441]}, {"key": "obligation-of-the", "type": "clause", "offset": [1522, 1539]}, {"key": "to-issue", "type": "clause", "offset": [1560, 1568]}, {"key": "any-letter-of-credit", "type": "clause", "offset": [1578, 1598]}, {"key": "unreimbursed-amounts", "type": "definition", "offset": [1790, 1810]}, {"key": "amounts-payable-under-this-agreement", "type": "clause", "offset": [1847, 1883]}, {"key": "due-and-payable", "type": "clause", "offset": [1918, 1933]}, {"key": "notice-of-any", "type": "clause", "offset": [1979, 1992]}, {"key": "by-the-borrower", "type": "clause", "offset": [2040, 2055]}], "size": 11, "snippet": "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:\n(a) if a Letter of Credit has been issued, require the Borrower to procure that:\n(i) each Letter of Credit is returned by Lloyd\u2019s to the Agent; or\n(ii) the liabilities of the Lenders under each Letter of Credit are promptly reduced to zero or, if the Agent (acting upon instruction by the Lenders) consents and if the Borrower can demonstrate, to the reasonable satisfaction of the Lenders, that the lenders under the U.S. Facility Agreement have provided their consent (having used all reasonable endeavours to obtain such consent), provide Cash Collateral to the Trustee for each Letter of Credit in an amount specified by the Agent (whereupon the Borrower shall do so); and/or\n(b) declare that any unutilised portion of the Facility shall be cancelled, whereupon the same shall be cancelled and Available Commitment shall be reduced to zero; and/or\n(c) exercise any or all of its rights, remedies, powers or discretions under any of the Finance Documents; and/or\n(d) direct the Trustee to exercise any or all of its rights, remedies, powers or discretions under the Finance Documents, provided that in the case of an Event of Default specified in clauses 16.9 (Involuntary bankruptcy or receivership proceedings) or 16.10 (Voluntary petitions or consents) above, the preceding clauses 16.21(a) to 16.21(c) shall not apply and:\n(i) the obligation of the Agent or any Lender to issue or amend any Letter of Credit shall automatically be terminated;\n(ii) any unutilised portion of the Facility shall automatically be cancelled and Available Commitment shall automatically be reduced to zero; and\n(iii) any Unreimbursed Amounts, all interest thereon and all other amounts payable under this Agreement shall automatically become and be due and payable, without presentment, demand, protest or any notice of any kind, all of which are hereby expressly waived by the Borrower.", "hash": "548ab73be74103f295e47bba7245e72b", "id": 1}, {"samples": [{"hash": "iohfTq4syWV", "uri": "/contracts/iohfTq4syWV#acceleration-and-cancellation", "label": "Letter of Credit Facility Agreement (Ace LTD)", "score": 18.0, "published": true}, {"hash": "6q147AlXqhC", "uri": "/contracts/6q147AlXqhC#acceleration-and-cancellation", "label": "Letter of Credit Facility Agreement (Ace LTD)", "score": 18.0, "published": true}], "snippet_links": [{"key": "upon-the-occurrence-of-an-event-of-default", "type": "clause", "offset": [0, 42]}, {"key": "at-any-time", "type": "clause", "offset": [43, 54]}, {"key": "the-agent-may", "type": "clause", "offset": [109, 122]}, {"key": "majority-banks", "type": "definition", "offset": [153, 167]}, {"key": "account-party", "type": "definition", "offset": [192, 205]}, {"key": "require-the", "type": "clause", "offset": [215, 226]}, {"key": "the-liabilities", "type": "clause", "offset": [257, 272]}, {"key": "the-banks", "type": "clause", "offset": [284, 293]}, {"key": "each-letter-of-credit", "type": "clause", "offset": [300, 321]}, {"key": "to-zero", "type": "definition", "offset": [343, 350]}, {"key": "cash-collateral", "type": "definition", "offset": [366, 381]}, {"key": "by-the-agent", "type": "clause", "offset": [431, 443]}, {"key": "facility-shall", "type": "clause", "offset": [545, 559]}, {"key": "available-commitment", "type": "definition", "offset": [620, 640]}, {"key": "each-bank", "type": "clause", "offset": [644, 653]}, {"key": "in-the-event", "type": "clause", "offset": [693, 705]}, {"key": "pursuant-to-sub", "type": "clause", "offset": [750, 765]}, {"key": "letter-of-credit-commission", "type": "clause", "offset": [796, 823]}, {"key": "the-security-trustee", "type": "clause", "offset": [833, 853]}, {"key": "rights-and-remedies", "type": "clause", "offset": [870, 889]}, {"key": "secured-party", "type": "definition", "offset": [910, 923]}, {"key": "without-limitation", "type": "clause", "offset": [948, 966]}, {"key": "right-to", "type": "definition", "offset": [972, 980]}, {"key": "possession-of", "type": "clause", "offset": [986, 999]}, {"key": "the-assets", "type": "clause", "offset": [1014, 1024]}, {"key": "the-security-documents", "type": "clause", "offset": [1036, 1058]}, {"key": "books-and-records", "type": "clause", "offset": [1067, 1084]}, {"key": "judicial-process", "type": "clause", "offset": [1119, 1135]}, {"key": "purposes-of-the", "type": "clause", "offset": [1145, 1160]}, {"key": "the-premises", "type": "clause", "offset": [1231, 1243]}, {"key": "other-security", "type": "definition", "offset": [1308, 1322]}], "size": 5, "snippet": "Upon the occurrence of an Event of Default at any time thereafter while that Event of Default is continuing, the Agent may (and, if so instructed by the Majority Banks shall) by notice to the Account Party:\n16.18.1 require the Account Party to procure that the liabilities of each of the Banks under each Letter of Credit are promptly reduced to zero and/or provide Cash Collateral for each Letter of Credit in an amount specified by the Agent (whereupon the Account Party shall do so); and/or\n16.18.2 declare that any unutilised portion of the Facility shall be cancelled, whereupon the same shall be cancelled and the Available Commitment of each Bank shall be reduced to zero; and\n16.18.3 (in the event that the Account Party has granted Security pursuant to sub-clause 17.1.2 of Clause 17.1 (Letter of Credit Commission), direct the Security Trustee to exercise all rights and remedies of a mortgagee or a secured party at such time including, without limitation, the right to take possession of any or all of the assets subject to the Security Documents and the books and records relating thereto, with or without judicial process. For the purposes of the preceding sentence, the Security Trustee may enter upon any or all of the premises where any of the assets subject to the Security Documents, such other security or books or records may be situated and take possession and remove the same therefrom.", "hash": "1fb7f357f90c8da18ed672f7b95cc4da", "id": 2}, {"samples": [{"hash": "efbH3bMXbvF", "uri": "/contracts/efbH3bMXbvF#acceleration-and-cancellation", "label": "Loan Agreement (Getronics N V)", "score": 18.0, "published": true}], "snippet_links": [{"key": "upon-the-occurrence-of-an-event-of-default", "type": "clause", "offset": [0, 42]}, {"key": "at-any-time", "type": "clause", "offset": [43, 54]}, {"key": "the-facility-agent", "type": "definition", "offset": [67, 85]}, {"key": "instructing-group", "type": "definition", "offset": [119, 136]}, {"key": "notice-to-the-parent", "type": "clause", "offset": [148, 168]}, {"key": "the-advances", "type": "clause", "offset": [205, 217]}, {"key": "due-and-payable", "type": "clause", "offset": [236, 251]}, {"key": "accrued-interest", "type": "clause", "offset": [310, 326]}, {"key": "other-sums", "type": "clause", "offset": [343, 353]}, {"key": "the-borrowers", "type": "definition", "offset": [367, 380]}, {"key": "payable-on-demand", "type": "definition", "offset": [449, 466]}, {"key": "each-borrower", "type": "clause", "offset": [513, 526]}, {"key": "a-letter-of-credit", "type": "definition", "offset": [547, 565]}, {"key": "the-liabilities", "type": "clause", "offset": [582, 597]}, {"key": "the-banks", "type": "clause", "offset": [609, 618]}, {"key": "fronting-bank", "type": "definition", "offset": [631, 644]}, {"key": "each-letter-of-credit", "type": "clause", "offset": [651, 672]}, {"key": "to-zero", "type": "definition", "offset": [693, 700]}, {"key": "cash-collateral", "type": "definition", "offset": [716, 731]}, {"key": "currency-of", "type": "definition", "offset": [814, 825]}, {"key": "borrower-shall", "type": "clause", "offset": [864, 878]}, {"key": "the-facilities", "type": "clause", "offset": [941, 955]}, {"key": "available-commitment", "type": "definition", "offset": [1022, 1042]}, {"key": "each-bank", "type": "clause", "offset": [1046, 1055]}, {"key": "provided-that", "type": "clause", "offset": [1081, 1094]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [1096, 1125]}, {"key": "in-clause", "type": "clause", "offset": [1180, 1189]}, {"key": "all-advances", "type": "clause", "offset": [1288, 1300]}, {"key": "to-provide", "type": "clause", "offset": [1457, 1467]}, {"key": "in-respect-of", "type": "clause", "offset": [1484, 1497]}, {"key": "any-letter-of-credit", "type": "clause", "offset": [1498, 1518]}, {"key": "each-case", "type": "definition", "offset": [1545, 1554]}, {"key": "notice-or-demand", "type": "clause", "offset": [1575, 1591]}, {"key": "any-person", "type": "definition", "offset": [1601, 1611]}], "size": 5, "snippet": "Upon the occurrence of an Event of Default at any time thereafter, the Facility Agent may (and, if so instructed by an Instructing Group, shall) by notice to the Parent:\n24.19.1 declare all or any part of the Advances to be immediately due and payable (whereupon the same shall become so payable together with accrued interest thereon and any other sums then owed by the Borrowers hereunder) or declare all or any part of the Advances to be due and payable on demand of the Facility Agent; and/or\n24.19.2 require each Borrower which has requested a Letter of Credit to procure that the liabilities of each of the Banks and the L/C Fronting Bank under each Letter of Credit is promptly reduced to zero and/or provide Cash Collateral for each Letter of Credit in an amount specified by the Facility Agent and in the currency of such Letter of Credit (whereupon such Borrower shall do so); and/or\n24.19.3 declare that any unutilised portion of the Facilities shall be cancelled, whereupon the same shall be cancelled and the Available Commitment of each Bank shall be reduced to zero provided that, notwithstanding the foregoing, upon the occurrence of an Event of Default specified in Clause 24.7 (Winding-up), the Available Commitment of each Bank shall immediately be reduced to zero and all Advances, interest thereon and other sums then owed by the Borrowers hereunder shall become immediately due and payable, and each of the Borrowers shall be required to provide Cash Collateral in respect of any Letter of Credit issued at its request, in each case without declaration notice or demand by or to any person.", "hash": "347355085c37e3dbe049155f886e21e6", "id": 3}, {"samples": [{"hash": "gQW9IggPQaC", "uri": "/contracts/gQW9IggPQaC#acceleration-and-cancellation", "label": "Credit Agreement (NTL Communications Corp)", "score": 18.0, "published": true}, {"hash": "eA7h24GRKEr", "uri": "/contracts/eA7h24GRKEr#acceleration-and-cancellation", "label": "Credit Agreement (NTL Inc/De/)", "score": 18.0, "published": true}, {"hash": "1lhNnhFvfEF", "uri": "/contracts/1lhNnhFvfEF#acceleration-and-cancellation", "label": "Credit Agreement (NTL Delaware Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "upon-the-occurrence-of-an-event-of-default", "type": "clause", "offset": [0, 42]}, {"key": "at-any-time", "type": "clause", "offset": [43, 54]}, {"key": "the-agent-may", "type": "clause", "offset": [99, 112]}, {"key": "instructing-group", "type": "definition", "offset": [142, 159]}, {"key": "notice-to-the-borrower", "type": "clause", "offset": [179, 201]}], "size": 4, "snippet": "Upon the occurrence of an Event of Default at any time thereafter whilst such event is continuing, the Agent may (and, if so instructed by an Instructing Group, shall) by written notice to the Borrower:", "hash": "a59588c99313b6c9679b0b4b9d2927c7", "id": 4}, {"samples": [{"hash": "l2WTpCrEmvc", "uri": "/contracts/l2WTpCrEmvc#acceleration-and-cancellation", "label": "Term Loan Agreement", "score": 30.9704990387, "published": true}, {"hash": "jAvn6jmST6x", "uri": "/contracts/jAvn6jmST6x#acceleration-and-cancellation", "label": "Term Loan Agreement", "score": 24.1704311371, "published": true}], "snippet_links": [{"key": "upon-the-occurrence-of-an-event-of-default", "type": "clause", "offset": [0, 42]}, {"key": "at-any-time", "type": "clause", "offset": [47, 58]}, {"key": "the-agent-may", "type": "clause", "offset": [95, 108]}, {"key": "the-bank-shall", "type": "clause", "offset": [135, 149]}, {"key": "notice-to-the-borrower", "type": "clause", "offset": [154, 176]}, {"key": "any-advance", "type": "clause", "offset": [213, 224]}, {"key": "due-and-payable", "type": "clause", "offset": [243, 258]}, {"key": "accrued-interest", "type": "clause", "offset": [317, 333]}, {"key": "other-sums", "type": "clause", "offset": [350, 360]}, {"key": "by-the-borrower", "type": "clause", "offset": [371, 386]}, {"key": "payable-on-demand", "type": "definition", "offset": [454, 471]}, {"key": "facility-shall", "type": "clause", "offset": [541, 555]}, {"key": "commitment-of-the-bank", "type": "clause", "offset": [626, 648]}, {"key": "to-zero", "type": "definition", "offset": [666, 673]}], "size": 4, "snippet": "Upon the occurrence of an Event of Default and at any time thereafter whilst it is continuing, the Agent may (and, if so instructed by the Bank shall) by notice to the Borrower:\n15.13.1 declare all or any part of any Advance to be immediately due and payable (whereupon the same shall become so payable together with accrued interest thereon and any other sums then owed by the Borrower hereunder) or declare all or any part of any Advance to be due and payable on demand of the Agent; and/or\n15.13.2 declare that any undrawn portion of the Facility shall be cancelled, whereupon the same shall be cancelled and the Available Commitment of the Bank shall be reduced to zero.", "hash": "5f7d1f472f209f46c358575376a4498a", "id": 5}, {"samples": [{"hash": "8H95LQFTjD7", "uri": "/contracts/8H95LQFTjD7#acceleration-and-cancellation", "label": "Loan Agreement", "score": 31.3408622742, "published": true}, {"hash": "jHy6a8xWC1Z", "uri": "/contracts/jHy6a8xWC1Z#acceleration-and-cancellation", "label": "Loan Agreement (Clearwave N V)", "score": 21.0, "published": true}], "snippet_links": [{"key": "upon-the-occurrence-of-an-event-of-default", "type": "clause", "offset": [0, 42]}, {"key": "at-any-time", "type": "clause", "offset": [44, 55]}, {"key": "notice-to-the-borrower", "type": "clause", "offset": [79, 101]}, {"key": "principal-of", "type": "definition", "offset": [141, 153]}, {"key": "accrued-interest-on", "type": "definition", "offset": [158, 177]}, {"key": "nib-loan", "type": "definition", "offset": [183, 191]}, {"key": "other-amounts", "type": "definition", "offset": [211, 224]}, {"key": "this-agreement", "type": "clause", "offset": [250, 264]}, {"key": "due-and-payable", "type": "clause", "offset": [306, 321]}, {"key": "payable-on-demand", "type": "definition", "offset": [438, 455]}, {"key": "by-the-borrower", "type": "clause", "offset": [560, 575]}, {"key": "loan-shall", "type": "definition", "offset": [632, 642]}], "size": 4, "snippet": "Upon the occurrence of an Event of Default, at any time thereafter, NIB may by notice to the Borrower:\n(a) declare all or any portion of the principal of and accrued interest on, the NIB Loan (together with any other amounts accrued or payable under this Agreement the \u201cDeclared Amount\u201d) to be immediately due and payable whereupon the same shall become so due and payable, or declare all or any part of the Declared Amount to be due and payable on demand by NIB without any presentment, demand or protest of any kind, all of which are hereby expressly waived by the Borrower; and/or\n(b) declare that any undrawn portion of the NIB Loan shall be cancelled, whereupon the same shall be cancelled.", "hash": "11a9a09f941ca8f66315381c75f77cd7", "id": 7}, {"samples": [{"hash": "jBYiGKYDzp4", "uri": "/contracts/jBYiGKYDzp4#acceleration-and-cancellation", "label": "Facility Agreement (Macquarie Infrastructure CO Trust)", "score": 18.0, "published": true}, {"hash": "erkbX2HN8qv", "uri": "/contracts/erkbX2HN8qv#acceleration-and-cancellation", "label": "Facility Agreement (Macquarie Infrastructure Assets Trust)", "score": 18.0, "published": true}], "snippet_links": [{"key": "upon-the-occurrence-of-an-event-of-default", "type": "clause", "offset": [0, 42]}, {"key": "at-any-time", "type": "clause", "offset": [47, 58]}, {"key": "the-event", "type": "definition", "offset": [73, 82]}, {"key": "the-agent", "type": "clause", "offset": [109, 118]}, {"key": "majority-banks", "type": "definition", "offset": [140, 154]}, {"key": "subject-to-clause", "type": "clause", "offset": [159, 176]}, {"key": "the-intercreditor-agreement", "type": "clause", "offset": [185, 212]}, {"key": "notice-to-the-borrower", "type": "clause", "offset": [232, 254]}, {"key": "the-advances", "type": "clause", "offset": [268, 280]}, {"key": "due-and-payable", "type": "clause", "offset": [299, 314]}, {"key": "accrued-interest", "type": "clause", "offset": [373, 389]}, {"key": "other-sums", "type": "clause", "offset": [406, 416]}, {"key": "by-the-borrower", "type": "clause", "offset": [427, 442]}, {"key": "payable-on-demand", "type": "definition", "offset": [492, 509]}, {"key": "require-the", "type": "clause", "offset": [536, 547]}, {"key": "the-borrower-shall", "type": "clause", "offset": [573, 591]}, {"key": "the-cash-collateral-account", "type": "clause", "offset": [619, 646]}, {"key": "equal-to", "type": "definition", "offset": [657, 665]}, {"key": "liability-of", "type": "clause", "offset": [710, 722]}, {"key": "each-bank", "type": "clause", "offset": [723, 732]}, {"key": "the-issuing-bank", "type": "clause", "offset": [737, 753]}, {"key": "the-letters-of-credit", "type": "clause", "offset": [760, 781]}, {"key": "the-security-trustee", "type": "clause", "offset": [804, 824]}, {"key": "to-exercise", "type": "clause", "offset": [825, 836]}, {"key": "such-rights", "type": "definition", "offset": [849, 860]}, {"key": "available-to", "type": "definition", "offset": [871, 883]}, {"key": "the-security-documents", "type": "clause", "offset": [900, 922]}, {"key": "the-intercreditor-agent", "type": "clause", "offset": [938, 961]}, {"key": "in-rights", "type": "clause", "offset": [1014, 1023]}, {"key": "direct-agreement", "type": "definition", "offset": [1061, 1077]}], "size": 4, "snippet": "Upon the occurrence of an Event of Default and at any time thereafter if the Event of Default is continuing, the Agent (if so instructed by Majority Banks and subject to Clause 28.2 of the Intercreditor Agreement) shall, by written notice to the Borrower:\n(i) declare the Advances to be immediately due and payable (whereupon the same shall become so payable together with accrued interest thereon and any other sums then owed by the Borrower hereunder) or declare the Advances to be due and payable on demand of the Agent; 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and/or\n(b) declare that the Facility shall be cancelled, whereupon the same shall be cancelled and the Commitment shall be reduced to zero.\n(ii) Upon the occurrence of an Event of Default specified in Clause 22.7(ii) or (iii) (Bankruptcy and Insolvency), the Facility shall automatically be cancelled and the Commitment shall automatically be reduced to zero, and the Advances, and the accrued interest thereon, and all other amounts payable by the Borrower hereunder shall automatically become immediately due and payable without presentment, demand, protest or other formalities of any kind, all of which are hereby expressly waived by the Borrower.", "hash": "a073e27cde3983dbf6c50adc2f79d517", "id": 9}, {"samples": [{"hash": "i3ZB2vk9i3p", "uri": "/contracts/i3ZB2vk9i3p#acceleration-and-cancellation", "label": "Amendment and Restatement Agreement (Hamilton Insurance Group, Ltd.)", "score": 34.8316230774, "published": true}, {"hash": "4AWKylep1Rg", "uri": "/contracts/4AWKylep1Rg#acceleration-and-cancellation", "label": "Amendment and Restatement Agreement (Hamilton Insurance Group, Ltd.)", "score": 34.787815094, "published": true}], "snippet_links": [{"key": "at-any-time", "type": "clause", "offset": [7, 18]}, {"key": "after-the-occurrence-of-an-event-of-default", "type": "clause", "offset": [19, 62]}, {"key": "the-agent-may", "type": "clause", "offset": [63, 76]}, {"key": "the-majority-lenders", "type": "clause", "offset": [108, 128]}, {"key": "notice-to-the-borrower", "type": "clause", "offset": [133, 155]}, {"key": "require-the", "type": "clause", "offset": [161, 172]}, {"key": "the-liabilities", "type": "clause", "offset": [198, 213]}, {"key": "the-lenders", "type": "clause", "offset": [217, 228]}, {"key": "each-letter-of-credit", "type": "clause", "offset": [235, 256]}, {"key": "to-zero", "type": "definition", "offset": [278, 285]}, {"key": "to-provide", "type": "clause", "offset": [289, 299]}, {"key": "cash-collateral", "type": "definition", "offset": [300, 315]}, {"key": "each-lender", "type": "clause", "offset": [320, 331]}, {"key": "the-borrower-shall", "type": "clause", "offset": [384, 402]}, {"key": "all-letters-of-credit", "type": "clause", "offset": [457, 478]}, {"key": "in-relation-to", "type": "clause", "offset": [540, 554]}, {"key": "written-confirmation", "type": "definition", "offset": [614, 634]}, {"key": "on-behalf-of", "type": "definition", "offset": [649, 661]}, {"key": "copies-of", "type": "definition", "offset": [714, 723]}, {"key": "any-letter-of-credit", "type": "clause", "offset": [724, 744]}, {"key": "reliance-on", "type": "clause", "offset": [783, 794]}, {"key": "form-and-substance", "type": "clause", "offset": [820, 838]}, {"key": "in-respect-of", "type": "clause", "offset": [910, 923]}, {"key": "payable-on-demand", "type": "definition", "offset": [949, 966]}, {"key": "due-and-payable", "type": "clause", "offset": [1009, 1024]}, {"key": "demand-by-the-agent", "type": "clause", "offset": [1028, 1047]}, {"key": "the-security-agent", "type": "clause", "offset": [1116, 1134]}, {"key": "to-exercise", "type": "clause", "offset": [1135, 1146]}, {"key": "the-finance-documents", "type": "clause", "offset": [1211, 1232]}, {"key": "revocation-notice", "type": "definition", "offset": [1252, 1269]}], "size": 3, "snippet": "On and at any time after the occurrence of an Event of Default the Agent may, and shall if so instructed by the Majority Lenders, by notice to the Borrower:\n(a) require the Borrower to procure that the liabilities of the Lenders under each Letter of Credit are promptly reduced to zero or to provide Cash Collateral for each Lender\u2019s participation in each Letter of Credit (whereupon the Borrower shall do so);\n(b) require the Borrower to procure that:\n(i) all Letters of Credit are cancelled and returned by \u2587\u2587\u2587\u2587\u2587\u2019\u2587 to the Agent; and\n(ii) in relation to any Letters of Credit which are cancelled, \u2587\u2587\u2587\u2587\u2587\u2019\u2587 deliver written confirmation to the Agent (on behalf of the Lenders) that:\n(A) \u2587\u2587\u2587\u2587\u2587\u2019\u2587 has not retained any copies of any Letter of Credit; and\n(B) \u2587\u2587\u2587\u2587\u2587\u2019\u2587 no longer places any reliance on any Letter of Credit, in form and substance reasonably satisfactory to the Agent;\n(c) declare that Cash Collateral in respect of each Letter of Credit is payable on demand at which time it shall immediately become due and payable on demand by the Agent on the instructions of the Majority Lenders;\n(d) exercise or direct the Security Agent to exercise any or all of its rights, remedies, powers or discretions under the Finance Documents; and/or\n(e) give a Revocation Notice to \u2587\u2587\u2587\u2587\u2587\u2019\u2587 in respect of any Letter of Credit.", "hash": "35b3dd59e9791be95faa02011277d82e", "id": 10}], "next_curs": "CmYSYGoVc35sYXdpbnNpZGVyY29udHJhY3RzckILEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IiZhY2NlbGVyYXRpb24tYW5kLWNhbmNlbGxhdGlvbiMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"children": [["", ""], ["delivery", "Delivery"], ["taxes", "Taxes"], ["initial-costs-and-expenses", "Initial costs and expenses"], ["due-payments", "Due payments"]], "parents": [["events-of-default", "EVENTS OF DEFAULT"], ["interpretation", "Interpretation"], ["definitions-and-interpretation", "DEFINITIONS AND INTERPRETATION"], ["repetition-of-representations", "Repetition of Representations"], ["representations-covenants-and-events-of-default", "Representations Covenants and Events of Default"]], "size": 101, "title": "Acceleration and Cancellation", "id": "acceleration-and-cancellation", "related": [["termination-and-cancellation", "Termination and Cancellation", "Termination and Cancellation"], ["suspension-and-cancellation", "Suspension and Cancellation", "Suspension and Cancellation"], ["term-and-cancellation", "TERM AND CANCELLATION", "TERM AND CANCELLATION"], ["no-cancellation", "No Cancellation", "No Cancellation"], ["reservation-and-cancellation-procedure", "Reservation and Cancellation Procedure", "Reservation and Cancellation Procedure"]], "related_snippets": [], "updated": "2026-06-10T04:25:38+00:00", "also_ask": ["What triggers should be included to maximize strategic flexibility for acceleration or cancellation?", "How can the clause be drafted to minimize the risk of unenforceability in court?", "What are the most common negotiation pitfalls or leverage points in acceleration and cancellation provisions?", "How do local laws or industry standards affect the enforceability and interpretation of these clauses?", "What are the essential notice and cure period requirements to avoid fatal drafting flaws?"], "drafting_tip": "Specify triggering events, outline notice requirements, and define consequences to ensure clarity, prevent disputes, and facilitate enforceability.", "explanation": "The Acceleration and Cancellation clause allows for the immediate demand of all outstanding obligations or the termination of an agreement under specified circumstances, such as a breach or default. In practice, this means that if one party fails to meet certain conditions, the other party can require full payment of any remaining amounts or end the contract before its scheduled completion. This clause serves to protect parties by providing a clear mechanism for responding to significant contract violations, ensuring that risks are managed and that parties are not left in prolonged uncertainty."}, "json": true, "cursor": ""}}