Common use of Acceleration and Termination of Rights Clause in Contracts

Acceleration and Termination of Rights. If any Event of Default occurs and is continuing, all Obligations will, upon demand made by the Agent, at the option of the Agent or upon the request of the Majority Lenders, become immediately due and payable at the rate or rates determined as herein provided, to the date of actual payment thereof, all without notice, presentment, protest, additional demand, notice of dishonour or any other demand or notice whatsoever, all of which are hereby expressly waived by each Obligor and the Commitments will be terminated; provided, if any Event of Default described in Section 11.01(12) through 11.01(14) with respect to a Borrower occurs, the Commitments (if not theretofore terminated) will automatically terminate and the outstanding principal amount of all Advances and all other Obligations will automatically be and become immediately due and payable. In such event either the Lenders, the Lender Hedge Providers or the Agent or the Collateral Agent on their behalf may, in their discretion, exercise any right or recourse and/or proceed by any action, suit, remedy or proceeding against any Obligor authorized or permitted by law for the recovery of all the Obligations of the Borrowers to the Lenders and the Lender Hedge Providers 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 Lenders and the Lender Hedge Providers will 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 occurs and is continuing, all Obligations will, upon demand made by the Agent, at the option of the Agent or upon the request of the Majority Lenders, become immediately due and payable at the rate or rates determined as herein provided, including for certainty the Prepayment Fee or the Make-Whole Premium, as applicable, to the date of actual payment thereof, all without notice, presentment, protest, additional demand, notice of dishonour or any other demand or notice whatsoever, all of which are hereby expressly waived by each Obligor and the Commitments will be terminated; provided, if any Event of Default described in Section 11.01(129.01(13) through 11.01(149.01(15) with respect to a the Borrower occurs, the Commitments (if not theretofore terminated) will automatically terminate and the outstanding principal amount of all Advances and all other Obligations will automatically be and become immediately due and payablepayable (including for certainty the Prepayment Fee or the Make-Whole Premium, as applicable). In such event either the Lenders, the Lender Hedge Providers Lenders or the Agent or the Collateral Agent on their behalf may, in their discretion, exercise any right or recourse and/or proceed by any action, suit, remedy or proceeding against any Obligor authorized or permitted by law for the recovery of all the Obligations of the Borrowers Borrower to the Lenders and the Lender Hedge Providers 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 Lenders and the Lender Hedge Providers will 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 occurs shall occur and is be continuing, all Obligations will, upon demand made owing by the AgentBorrower under the Loan Documents shall, at the option of the Agent or upon the request receipt of instructions from the Majority LendersLenders and upon written notice to the Borrower, become immediately due and payable at the rate or rates determined as herein provided, to the date of actual payment thereof, all without notice, presentment, protest, additional demand, notice of dishonour or any other demand or notice whatsoever, all of which are hereby expressly waived by each Obligor and the Commitments will be terminatedObligor; provided, if any Event of Default described in Section 11.01(1212.01(h) or 12.01(l) through 11.01(14(n) with respect to a the Borrower occursshall occur, the Commitments (if not theretofore terminated) will shall automatically terminate without the requirement for notice to the Borrower, and the outstanding principal amount of all Advances and all other Obligations will shall automatically be and 57 become immediately due and payable. In such event either the Lenders, the Lender Hedge Providers Lenders or the Agent or the Collateral Agent on their behalf may, in their discretion, exercise any right or recourse and/or proceed by any action, suit, remedy or proceeding against any Obligor authorized or permitted by law for the recovery of all the Obligations of the Borrowers Borrower to the Lenders and the Lender Hedge Providers 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 Lenders and the Lender Hedge Providers will 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 occurs shall occur and is be continuing, all Obligations will, upon demand made (other Unmatured Contingent Claims) owing by the AgentBorrower to the Revolving Lenders under the Loan Documents shall, at the option of the Agent or upon the request receipt of instructions from the Majority Revolving Lenders, become immediately due and payable at the rate or rates determined as herein provided, to the date of actual payment thereof, all without notice, presentment, protest, additional demand, notice of dishonour or any other demand or notice whatsoever, all of which are hereby expressly waived by each Obligor and the Commitments will be terminatedObligor; provided, if any Event of Default described in Section 11.01(1212.01(l) through 11.01(14(n) with respect to a the Borrower occursshall occur, the all Commitments (if not theretofore terminated) will shall automatically terminate and the outstanding principal amount of all Advances and all other Obligations will shall automatically be and become immediately due and payable. In such event either the Lenders, the Lender Hedge Providers Lenders or the Agent or the Collateral Agent on their behalf may, in their discretion, exercise any right or recourse and/or proceed by any action, suit, remedy or proceeding against any Obligor authorized or permitted by law for the recovery of all the Obligations of the Borrowers Borrower to the Lenders and the Lender Hedge Providers 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 Lenders and the Lender Hedge Providers will 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.