Common use of Acceleration and Termination of Rights Clause in Contracts

Acceleration and Termination of Rights. If any Event of Default shall occur and be continuing, all Obligations owing by the Borrower under the Loan Documents shall, at the option of the Lender, become immediately due and payable, all without notice, presentment, protest, demand, notice of dishonour or any other demand or notice whatsoever, all of which are hereby expressly waived by Borrower; provided, if any Event of Default described in Section 11.1(e), 11.1 (i) through 11.1 (k) with respect to the Borrower shall occur, the outstanding principal amount of the Loan and all other Obligations shall automatically be and become immediately due and payable. In such event the Lender may, in its discretion, exercise any right or recourse and/or proceed by any action, suit, remedy or proceeding against Borrower authorized or permitted by law for the recovery of all the Obligations of the Borrower to the Lender and proceed to exercise any and all rights hereunder and under the Security and no such remedy for the enforcement of the rights of the Lender shall be exclusive of or dependent on any other remedy but any one or more of such remedies may from time to time be exercised independently or in combination.

Acceleration and Termination of Rights. If any Event of Default shall occur and be continuing, all Obligations owing by the Borrower under the Loan Documents shall, at the option of the Lender, become immediately due and payable, all without notice, presentment, protest, demand, notice of dishonour or any other demand or notice whatsoever, all of which are hereby expressly waived by Borrower; provided, if any Event of Default described in Section 11.1(e), 11.1 (i11.1(i) through 11.1 (k11.1(k) with respect to the Borrower Loan Parties shall occur, the outstanding principal amount of the Loan and all other Obligations shall automatically be and become immediately due and payable. In such event the Lender may, in its discretion, exercise any right or recourse and/or proceed by any action, suit, remedy or proceeding against Borrower the Loan Parties authorized or permitted by law for the recovery of all the Obligations of the Borrower Loan Parties to the Lender and proceed to exercise any and all rights hereunder and under the Security and no such remedy for the enforcement of the rights of the Lender shall be exclusive of or dependent on any other remedy but any one or more of such remedies may from time to time be exercised independently or in combination.

Acceleration and Termination of Rights. If any Event of Default shall occur and be continuing, all Obligations owing by the Borrower under the Loan Documents shall, at the option of the Lender, become immediately due and payablepayable with interest thereon at the rate or rates determined as herein provided, to the date of actual payment thereof, all without notice, presentment, protest, demand, notice of dishonour or any other demand or notice whatsoever, all of which are hereby expressly waived by Borrowereach Credit Party; provided, if any Event of Default described in Section 11.1(e), 11.1 (i9.01(j) through 11.1 (kor Section 9.01(k) with respect to the Borrower shall occur, the outstanding principal amount of the Loan Outstanding Amount and all other Obligations shall automatically be and become immediately due and payable. In such event the Lender may, in its discretion, may exercise any right or recourse and/or proceed by any action, suit, remedy or proceeding against Borrower any Credit Party authorized or permitted by law for the recovery of all the Obligations of the Borrower to the Lender and proceed to exercise any and all rights hereunder and under the Security and no such remedy for the enforcement of the rights of the Lender shall be exclusive of or dependent on any other remedy but any one or more of such remedies may from time to time be exercised independently or in combination.

Acceleration and Termination of Rights. If any Event of Default shall occur and be continuing, all Obligations owing by the Borrower Borrowers under the Loan Documents shall, at upon the option request of the LenderMajority Lenders, become immediately due and payable, all without notice, presentment, protest, demand, notice of dishonour or any other demand or notice whatsoever, all of which are hereby expressly waived by Borrowereach Obligor; provided, if any Event of Default described in Section 11.1(e), 11.1 (i12.01(k) through 11.1 (k12.01(m) with respect to the Borrower shall occur, the Commitments (if not theretofore terminated) shall automatically terminate and the outstanding principal amount of the Loan all Advances and all other Obligations shall automatically be and become immediately due and payable. In such event event, subject to Section 14.09, either the Lender Lenders or the Agent on their behalf may, in its their discretion, exercise any right or recourse and/or proceed by any action, suit, remedy or proceeding against Borrower any Obligor authorized or permitted by law for the recovery of all the Obligations of the Borrower Obligors to the Lender Lenders and proceed to exercise any and all rights hereunder and under the Security and no such remedy for the enforcement of the rights of the Lender Lenders shall be exclusive of or dependent on any other remedy but any one or more of such remedies may from time to time be exercised independently or in combination.

Acceleration and Termination of Rights. If Upon the occurrence, and during the continuance, of any Event of Default shall occur and be continuingDefault, all Obligations owing by the Borrower under the Loan Documents shall, at the option of the Lender, become immediately due and payable, all without notice, presentment, protest, demand, notice of dishonour or any other demand or notice whatsoever, all of which are hereby expressly waived by Borrowereach Obligor; provided, if any Event of Default described in Section 11.1(e), 11.1 (iSection 11.1(h) through 11.1 (kor Section 11.1(i) with respect to the Borrower an Obligor shall occur, the outstanding principal amount of the Loan and all other Obligations shall automatically be and become immediately due and payable. In such event the Lender may, in its discretion, exercise any right or recourse and/or proceed by any action, suit, remedy or proceeding against Borrower any Obligor authorized or permitted by law for the recovery of all the Obligations of the Borrower to the Lender and proceed to exercise any and all rights hereunder and under the Security and no such remedy for the enforcement of the rights of the Lender shall be exclusive of or dependent on any other remedy but any one or more of such remedies may from time to time be exercised independently or in combination.

Acceleration and Termination of Rights. If any Event of Default shall occur and be continuing, all Obligations owing by the Borrower under the Loan Documents shall, at the option of the LenderLender but subject in all cases to the Intercreditor Agreement, become immediately due and payable, all without notice, presentment, protest, demand, notice of dishonour or any other demand or notice whatsoever, all of which are hereby expressly waived by Borrowereach Obligor; provided, if any Event of Default described in Section 11.1(e), 11.1 (i) or 11.1(i) through 11.1 (k11.1(k) with respect to the Borrower an Obligor shall occur, the outstanding principal amount of the Loan and all other Obligations shall automatically be and become immediately due and payable. In such event the Lender may, in its discretion, exercise any right or recourse and/or proceed by any action, suit, remedy or proceeding against Borrower any Obligor authorized or permitted by law for the recovery of all the Obligations of the Borrower to the Lender and proceed to exercise any and all rights hereunder and under the Security and no such remedy for the enforcement of the rights of the Lender shall be exclusive of or dependent on any other remedy but any one or more of such remedies may from time to time be exercised independently or in combination.

Acceleration and Termination of Rights. If any Event of Default shall occur and be continuing, all Obligations owing by the Borrower under the Loan Documents shall, at the option of the Lender, become immediately due and payable, all without notice, presentment, protest, demand, notice of dishonour or any other demand or notice whatsoever, all of which are hereby expressly waived by Borrowereach Obligor; provided, if any Event of Default described in Section 11.1(e11.01(l), 11.1 (i11.01(m) through 11.1 (kor 11.01(n) with respect to the Borrower shall occur, the Credit Facility (if not theretofore terminated) shall automatically terminate and the outstanding principal amount of the Loan all Advances and all other Obligations shall automatically be and become immediately due and payable. In such event event, the Lender may, in its discretion, may exercise any right or recourse and/or proceed by any action, suit, remedy or proceeding against Borrower any Obligor authorized or permitted by law for the recovery of all the Obligations of the Borrower to the Lender and proceed to exercise any and all rights hereunder and under the Security and no such remedy for the enforcement of the rights of the Lender shall be exclusive of or dependent on any other remedy but any one or more of such remedies may from time to time be exercised independently or in combination.

Acceleration and Termination of Rights. If any Event of Default shall occur and be continuing, all Obligations owing by the Borrower Obligors under the Loan Documents shall, at the option of the Lender, become immediately due and payable, all without notice, presentment, protest, demand, notice of dishonour or any other demand or notice whatsoever, all of which are hereby expressly waived by Borrowereach Obligor; provided, if any Event of Default described in Section 11.1(e), 11.1 (i11.1(i) through 11.1 (k11.1(k) with respect to the Borrower shall occur, the outstanding principal amount of the Loan and all other Obligations shall automatically be and become immediately due and payable. In such event the Lender may, in its discretion, exercise any right or recourse and/or proceed by any action, suit, remedy or proceeding against Borrower an Obligor authorized or permitted by law for the recovery of all the Obligations of the Borrower Obligors to the Lender and proceed to exercise any and all rights hereunder and under the Security and no such remedy for the enforcement of the rights of the Lender shall be exclusive of or dependent on any other remedy but any one or more of such remedies may from time to time be exercised independently or in combination.