Acceleration of Obligations Hereunder Sample Clauses

Acceleration of Obligations Hereunder. The Parent agrees that, in the case of an Event of Default described in Section 9.1.9, and if such Event of Default shall occur at a time when any of the Obligations of the Borrower or any Subsidiary Guarantor may not then be due and payable, the Parent agrees that it will pay to the Lenders forthwith the full amount which would be payable hereunder by the Parent if all such Obligations were then due and payable.
Sample 1Sample 2
AutoNDA by SimpleDocs
Acceleration of Obligations Hereunder. The Company agrees that, in the event of the dissolution or insolvency of any Foreign Borrower or any other Obligor, or the inability or failure of any Foreign Borrower or any other Obligor to pay its debts as they become due, or an assignment by any Foreign Borrower or any other Obligor for the benefit of creditors, or the commencement of any case or proceeding in respect of any Foreign Borrower or any other Obligor under any bankruptcy, insolvency or similar laws, and if such event shall occur at a time when any of the Obligations of any Foreign Borrower or any other Obligor may not then be due and payable, the Company agrees that it will pay to the Lenders forthwith the full amount which would be payable hereunder by such Foreign Borrower if all such Obligations were then due and payable. The foregoing provisions of this Section 10.2 shall not be applicable if the dissolution, insolvency or other events described above relate to an Immaterial Subsidiary.
Sample 1Sample 2
Acceleration of Obligations Hereunder. The US Borrower agrees that, in the event of the dissolution or insolvency of the UK Borrower, or the inability or failure of the UK Borrower to pay its debts as they become due, or an assignment by the UK Borrower for the benefit of creditors, or the commencement of any case or proceeding in respect of the UK Borrower under any bankruptcy, insolvency or similar laws, and if such event shall occur at a time when any of the Obligations of the UK Borrower may not then be due and payable, the US Xxxxxxxx agrees that it will pay to the Lenders forthwith the full amount which would be payable hereunder by the UK Borrower if all such Obligations were then due and payable.
Sample 1
Acceleration of Obligations Hereunder. Holdco agrees that, in the event of the dissolution or insolvency of any Obligor (other than Holdco), or the inability or failure of any Obligor to pay its debts as they become due, or an assignment by any Obligor (other than Holdco) for the benefit of creditors, or the commencement of any case or proceeding in respect of any Obligor (other than Holdco) under any bankruptcy, insolvency or similar laws, and if such event shall occur at a time when any of the Obligations of any Obligor (other than Holdco) may not then be due and payable, Holdco agrees that it will pay to the Lenders forthwith the full amount which would be payable hereunder by such Obligor if all such Obligations were then due and payable. The foregoing provisions of this SECTION 10.2 shall not be applicable if the dissolution, insolvency or other events described above relate to an Immaterial Subsidiary.
Sample 1
Acceleration of Obligations Hereunder. Holdings and Intermediate Holdings agree that, in the event of the dissolution or insolvency of any Borrower or any other Obligor, or the inability or failure of any Borrower or any other Obligor to pay its debts as they become due, or an assignment by any Borrower or any other Obligor for the benefit of creditors, or the commencement of any case or proceeding in respect of any Borrower or any other Obligor under any bankruptcy, insolvency or similar laws, and if such event shall occur at a time when any of the Obligations of any Borrower or any other Obligor may not then be due and payable, Holdings and Intermediate Holdings agree that they will pay to the Lenders forthwith the full amount which would be payable hereunder by such Borrower or such other Obligor if all such Obligations were then due and payable.
Sample 1
Acceleration of Obligations Hereunder. The Company agrees that, in the event of the dissolution or insolvency of any Foreign Borrower or any other Obligor, or the inability or failure of any Foreign Borrower or any other Obligor to pay its debts as they become due, or an assignment by any Foreign Borrower or any other Obligor for the benefit of creditors, or the commencement of any case or proceeding in respect of any Foreign Borrower or any other Obligor under any bankruptcy, insolvency or similar laws, and if such event shall occur at a time when any of the Obligations of any Foreign Borrower or any other Obligor may not then be due and payable, the Company agrees that it will pay to the Lenders forthwith the full amount which would be payable hereunder by such Foreign Borrower if all such Obligations were then due and
Sample 1
Acceleration of Obligations Hereunder. The US Borrower agrees that, in the event of the dissolution or insolvency of the UK Borrower, or the inability or failure of the UK Borrower to pay its debts as they become due, or an assignment by the UK Borrower for the benefit of creditors, or the commencement of any case or proceeding in respect of the UK Borrower under any bankruptcy, insolvency or similar laws, and if such event shall occur at a time when any of the Obligations of the UK Borrower may not then be due and payable, the US Borrower agrees that it will pay to the Lenders forthwith the full amount which would be payable hereunder by the UK Borrower if all such Obligations were then due and payable. The foregoing provisions of this SECTION 10.2 shall not be applicable if the dissolution, insolvency or other events described above relate to an Immaterial Subsidiary.
Sample 1
AutoNDA by SimpleDocs
Acceleration of Obligations Hereunder. The Company agrees that, in the event of the dissolution or insolvency of the Canadian Borrower, or the inability or failure of the Canadian Borrower to pay its debts as they become due, or an assignment by the Canadian Borrower for the benefit of creditors, or the commencement of any case or proceeding in respect of the Canadian Borrower under any bankruptcy, insolvency or similar laws, and if such event shall occur at a time when any of the Obligations of the Canadian Borrower may not then be due and payable, the Company agrees that it will pay to the Lenders forthwith the full amount which would be payable hereunder by the Canadian Borrower if all such Obligations were then due and payable. The foregoing provisions of this Section 10.2 shall not be applicable if the dissolution, insolvency or other events described above relate to an Immaterial Subsidiary.
Sample 1

Related to Acceleration of Obligations Hereunder

  • Acceleration of Obligations Declare all Obligations, whether evidenced by this Agreement, by any of the other Loan Documents, or otherwise, including (i) any accrued and unpaid interest, (ii) the amounts which would have otherwise come due under Section 2.3(b)(ii) if the Loans had been voluntarily prepaid, (iii) the unpaid principal balance of the Loans and (iv) all other sums, if any, that shall have become due and payable hereunder, immediately due and payable (provided that upon the occurrence of an Event of Default described in Section 8.12 or 8.13 all Obligations shall become immediately due and payable without any action by Lender);

  • Termination of Obligations Termination of this Agreement pursuant to Section 10.1 hereof shall terminate all obligations of the parties hereunder, except for the obligations under Article IX, Article X, and Sections 11.4, 11.7, 11.14, 11.15 and 11.16 hereof; provided, however, that termination pursuant to paragraphs (b) or (c) of Section 10.1 shall not relieve the defaulting or breaching party or parties from any liability to the other parties hereto.

  • Reinstatement of Obligations If at any time all or any part of any payment made by Indemnitor or received by Lender from Indemnitor under or with respect to this Agreement is or must be rescinded or returned for any reason whatsoever (including, but not limited to, the insolvency, bankruptcy or reorganization of Indemnitor or Borrower), then the obligations of Indemnitor hereunder shall, to the extent of the payment rescinded or returned, be deemed to have continued in existence, notwithstanding such previous payment made by Indemnitor, or receipt of payment by Lender, and the obligations of Indemnitor hereunder shall continue to be effective or be reinstated, as the case may be, as to such payment, all as though such previous payment by Indemnitor had never been made.

  • Repayment of Obligations Notwithstanding anything to the contrary contained herein, the Borrower shall repay the Advances Outstanding, all accrued and unpaid Yield, any Breakage Fees, Increased Costs, all accrued and unpaid costs and expenses of the Administrative Agent and Lenders and all other Obligations (other than unmatured contingent indemnification obligations) in full on the Facility Maturity Date.

  • Acceleration of the Obligations Upon or at any time after the occurrence and during the continuance of an Event of Default, (i) the Revolving Loan Commitments shall, at the option of Agent or Majority Lenders be terminated and/or (ii) Agent or Majority Lenders may declare all or any portion of the Obligations at once due and payable without presentment, demand protest or further notice by Agent or any Lender, and Borrowers shall forthwith pay to Agent, the full amount of such Obligations, provided, that upon the occurrence of an Event of Default specified in subsection 10.1.8 hereof, the Revolving Loan Commitments shall automatically be terminated and all of the Obligations shall become automatically due and payable, in each case without declaration, notice or demand by Agent or any Lender.

  • Payment of Obligations Pay, discharge or otherwise satisfy at or before maturity or before they become delinquent, as the case may be, all its material obligations of whatever nature, except where the amount or validity thereof is currently being contested in good faith by appropriate proceedings and reserves in conformity with GAAP with respect thereto have been provided on the books of the Borrower or its Subsidiaries, as the case may be.

  • Payment of Obligation 35 10.2 Covenants...................................................... 35 10.3

  • Duration of Obligations The Manager’s obligation to provide Disentanglement Services will continue during the period commencing on the date that a Termination Notice is delivered and ending on the date on which the Successor Manager or the re-engaged Manager assumes all of the obligations of the Manager hereunder (the “Disentanglement Period”).

  • Mitigation of Obligations If any Lender requests compensation under Section 2.18, or if the Borrower is required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.20, then such Lender shall use reasonable efforts to designate a different lending office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the sole judgment of such Lender, such designation or assignment (i) would eliminate or reduce amounts payable under Section 2.18 or Section 2.20, as the case may be, in the future and (ii) would not subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender. The Borrower hereby agrees to pay all costs and expenses incurred by any Lender in connection with such designation or assignment.

  • Delegation of Obligations The Asset Representations Reviewer may not delegate or subcontract its obligations under this Agreement to any Person without the consent of the Issuer and the Servicer.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!