Common use of ACCELERATION - EVENTS OF DEFAULT Clause in Contracts

ACCELERATION - EVENTS OF DEFAULT. 13.1 If any one of the Events of Default set out in Clause 13.2 occurs and is continuing: 13.1.1 if the Loan has not been drawn down, no drawing under the Loan may be requested from the Lenders; or 13.1.2 if the Loan has already been drawn down, the Lenders may require immediate payment of the outstanding principal amount of the Loan (including but without limitation the amount representing the financed Coface Premium) together with all other sums due under this Agreement: 13.2 The following are the Events of Default referred to in Clause 13.1:

ACCELERATION - EVENTS OF DEFAULT. 13.1 If any one of the Events of Default set out in Clause 13.2 occurs and is continuingremains unremedied: 13.1.1 if the Loan has not been drawn down, no drawing under the Loan may be requested from the Lenders; or 13.1.2 if the Loan has already been drawn down, the Lenders may require immediate payment of the outstanding principal amount of the Loan (including but without limitation the amount representing the financed Coface Premium) together with all other sums due under this Agreement: 13.2 The following are the Events of Default referred to in Clause 13.1: