Common use of Acceleration of Certain Contingent Obligations Clause in Contracts

Acceleration of Certain Contingent Obligations. Upon the occurrence of an Event of Default which is continuing, any Lender which has issued a Bankers' Acceptance, BA Equivalent Note or Letter of Credit or entered into a Hedge Transaction with the Borrower may make a Prime Rate Loan to the Borrower in an amount equal to the face amount of such Bankers' Acceptance, BA Equivalent Note or Letter of Credit, or the amount required to unwind such Hedge Transaction (such amount to be determined in accordance with the terms thereof), as the case may be; and the proceeds of any such Loan shall be held by such Lender and used to satisfy the Lender's obligations under the said Bankers' Acceptance, BA Equivalent Note or Letter of Credit as such becomes due, or to effect the unwinding of such Hedge Transaction. Any such Loan shall bear interest at the rate and in the manner applicable to Prime Rate Loans under the Facilities.

Acceleration of Certain Contingent Obligations. Upon the occurrence of an Event of Default which is continuing, any Lender which has issued a Bankers' Acceptance, BA Equivalent Note or Letter of Credit or entered into a Hedge Transaction with the Borrower may make a Prime Rate Prime-Based Loan to the Borrower in an amount equal to the face amount of such Bankers' Acceptance, BA Equivalent Note or Letter of Credit, Credit or the amount required to unwind such Hedge Transaction (such amount to be determined in accordance with the terms thereof), as the case may be; and the proceeds of any such Prime-Based Loan shall be held by such Lender and used to satisfy the Lender's obligations under the said Bankers' Acceptance, BA Equivalent Note or Letter of Credit as such becomes due, or to effect the unwinding of such Hedge Transaction. Any such Prime-Based Loan shall bear interest at the rate and in the manner applicable to Prime Rate Prime-Based Loans under the Facilities.

Acceleration of Certain Contingent Obligations. Upon the occurrence of an Event of Default which is continuing, any Lender which has issued a Bankers' ’ Acceptance, BA Equivalent Note or Letter of Credit CDOR Loan or entered into a Hedge Transaction with the Borrower may make a Prime Rate Prime-Based Loan to the Borrower in an amount equal to the face or principal amount of such Bankers' ’ Acceptance, BA Equivalent Note or Letter of CreditCDOR Loan, or the amount required to unwind such Hedge Transaction (such amount to be determined in accordance with the terms thereof), as the case may be; and the proceeds of any such Prime-Based Loan shall be held by such Lender and used to satisfy the Lender's obligations under the said Bankers' ’ Acceptance, BA Equivalent Note or Letter of Credit CDOR Loan as such becomes due, or to effect the unwinding of such Hedge Transaction. Any such Prime-Based Loan shall bear interest at the rate and in the manner applicable to Prime Rate Prime-Based Loans under the Facilities.

Acceleration of Certain Contingent Obligations. □Upon the occurrence and during the continuance of an Event of Default which is continuingDefault, any Lender which has issued a LIBOR Loan, Bankers' Acceptance, Acceptance or BA Equivalent Note or Letter of Credit or entered into a Hedge Transaction Hedging Agreement with the Borrower may make a Prime Rate Loan or Base Rate Loan, as applicable, to the Borrower in an amount equal to the face amount of such Bankers' Acceptance, Acceptance or BA Equivalent Note or Letter of Credit, or the amount required to unwind such Hedge Transaction Hedging Agreement (such amount to be determined in accordance with the terms thereof), as the case may be; and the proceeds of any such Loan shall be held by such Lender and used to satisfy the Lender's obligations under the said LIBOR Loan, Bankers' Acceptance, Acceptance or BA Equivalent Note or Letter of Credit as such becomes due, or to effect the unwinding of such Hedge TransactionHedging Agreement. Any such Loan shall bear interest at the rate and in the manner applicable to Prime Rate Loans under the Facilitiesor Base Rate Loans, as applicable.

Acceleration of Certain Contingent Obligations. Upon the occurrence of an Event of Default which is continuing, any Lender which has issued a Bankers' Acceptance, Acceptance or BA Equivalent Note or Letter of Credit or entered into a Hedge Transaction with the Borrower may make a Prime Rate Prime-Based Loan to the Borrower in an amount equal to the face amount of such Bankers' Acceptance, Acceptance or BA Equivalent Note or Letter of CreditNote, or the amount required to unwind such Hedge Transaction (such amount to be determined in accordance with the terms thereof), as the case may be; and the proceeds of any such Prime-Based Loan shall be held by such Lender and used to satisfy the Lender's obligations under the said Bankers' Acceptance, Acceptance or BA Equivalent Note or Letter of Credit as such becomes due, or to effect the unwinding of such Hedge Transaction. Any such Prime-Based Loan shall bear interest at the rate and in the manner applicable to Prime Rate Prime-Based Loans under the Facilities.Facility A.

Acceleration of Certain Contingent Obligations. Upon the occurrence of an Event of Default which is continuing, any Lender which has issued a Bankers' Acceptance, ’ Acceptance or BA Equivalent Note or Letter of Credit or entered into a Hedge Transaction with the Borrower may make a Prime Rate Prime-Based Loan to the Borrower in an amount equal to the face amount of such Bankers' Acceptance, ’ Acceptance or BA Equivalent Note or Letter of CreditNote, or the amount required to unwind such Hedge Transaction (such amount to be determined in accordance with the terms thereof), as the case may be; and the proceeds of any such Prime-Based Loan shall be held by such Lender and used to satisfy the Lender's obligations under the said Bankers' Acceptance, ’ Acceptance or BA Equivalent Note or Letter of Credit as such becomes due, or to effect the unwinding of such Hedge Transaction. Any such Prime-Based Loan shall bear interest at the rate and in the manner applicable to Prime Rate Prime-Based Loans under the Facilities.Facility A.