Common use of Acceleration of Obligations Clause in Contracts

Acceleration of Obligations. Upon the Maturity Date or the occurrence of any of the events identified in Sections 4.1(a) through 4.1(e) and 4.1(g), and the passage of any applicable cure periods, the Bank may at any time thereafter, by written notice to the Borrower, declare the unpaid principal balance of any Obligations, together with the interest accrued thereon and other amounts accrued hereunder and under the other Loan Documents, to be immediately due and payable; and the unpaid balance will thereupon be due and payable, all without presentation, demand, protest or further notice of any kind, all of which are hereby waived, and notwithstanding anything to the contrary contained herein or in any of the other Loan Documents. Upon the occurrence of any event under Section 4.1(f), the unpaid principal balance of any Obligations, together with all interest accrued thereon and other amounts accrued hereunder and under the other Loan Documents, will thereupon be immediately due and payable, all without presentation, demand, protest or notice of any kind, all of which are hereby waived, and notwithstanding anything to the contrary contained herein or in any of the other Loan Documents. NOTHING CONTAINED IN SECTION 4.1, SECTION 4.2 OR THIS SECTION WILL LIMIT THE BANK'S RIGHT TO SETOFF AS PROVIDED IN SECTION 3.3 OR OTHERWISE IN THIS AGREEMENT.

Appears in 4 contracts

Samples: Collateral Pledge Agreement (Radisys Corp), Revolving Credit Agreement (Hmi Industries Inc), Revolving Credit Agreement (Image Software Inc)

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Acceleration of Obligations. Upon the Maturity Date or the occurrence of any of the events identified in Sections 4.1(a) through 4.1(e) and 4.1(g), and the passage of any applicable cure periods, the Bank may at any time thereafter, by written notice to the Borrower, declare the unpaid principal balance of any Obligations, together with the interest accrued thereon and other amounts accrued hereunder and under the other Loan Documents, to be immediately due and payable; and the unpaid balance will thereupon be due and payable, all without presentation, demand, protest or further notice of any kind, all of which are hereby waived, and notwithstanding anything to the contrary contained herein or in any of the other Loan Documents. Upon the occurrence of any event under Section 4.1(f), the unpaid principal balance of any Obligations, together with all interest accrued thereon and other amounts accrued hereunder and under the other Loan Documents, will thereupon be immediately due and payable, all without presentation, demand, protest or notice of any kind, all of which are hereby waived, and notwithstanding anything to the contrary contained herein or in any of the other Loan Documents. NOTHING CONTAINED IN SECTION Nothing contained in Section 4.1, SECTION Section 4.2 OR THIS SECTION WILL LIMIT THE BANK'S RIGHT TO SETOFF AS PROVIDED IN SECTION or this section will limit the Bank's right to Setoff as provided in Section 3.3 OR OTHERWISE IN THIS AGREEMENTor otherwise in this Agreement.

Appears in 3 contracts

Samples: Credit Agreement (Phoenix Gold International Inc), Revolving Credit Agreement (Itex Corp), Business Security Agreement (Hmi Industries Inc)

Acceleration of Obligations. Upon the Maturity Date or the occurrence of any of the events identified in Sections 4.1(a) through 4.1(e) and 4.1(g), and the passage of any applicable cure periods, the Bank may at any time thereafter, by written notice to the Borrower, declare the unpaid principal balance of any Obligations, together with the interest accrued thereon and other amounts accrued hereunder and under the other Loan Documents, to be immediately due and payable; and the unpaid balance will thereupon be due and payable, all without presentation, demand, protest or further notice of any kind, all of which are hereby waived, and notwithstanding anything to the contrary contained herein or in any of the other Loan Documents. Upon the occurrence of any event under Section 4.1(f), the unpaid principal balance of any Obligations, together with all interest accrued thereon and other amounts accrued hereunder and under the other Loan Documents, will thereupon be immediately due and payable, all without presentation, demand, protest or notice of any kind, all of which are hereby waived, and notwithstanding anything to the contrary contained herein or in any of the other Loan Documents. NOTHING CONTAINED IN SECTION Nothing contained in Section 4.1, SECTION Section 4.2 OR THIS SECTION WILL LIMIT THE BANK'S RIGHT TO SETOFF AS PROVIDED IN SECTION or this section will limit the Bank’s right to Setoff as provided in Section 3.3 OR OTHERWISE IN THIS AGREEMENTor otherwise in this Agreement.

Appears in 2 contracts

Samples: Revolving Credit Agreement (SRS Labs Inc), Revolving Credit Agreement (Outdoor Channel Holdings Inc)

Acceleration of Obligations. Upon the Maturity Date or the occurrence of any of the events identified in Sections 4.1(a4.1 (a) through 4.1(e4.1 (e) and 4.1(g4.1 (g), and the passage of any applicable cure periods, the Bank may at any time thereafter, by written notice to the Borrower, declare the unpaid principal balance of any Obligations, together with the interest accrued thereon and other amounts accrued hereunder and under the other Loan Documents, to be immediately due and payable; and the unpaid balance will thereupon be due and payable, all without presentation, demand, protest or further notice of any kind, all of which are hereby waived, and notwithstanding anything to the contrary contained herein or in any of the other Loan Documents. Upon the occurrence of any event under Section 4.1(f4.1 (f), the unpaid principal balance of any Obligations, together with all interest accrued thereon and other amounts accrued hereunder and under the other Loan Documents, will win thereupon be immediately due and payable, all without presentation, demand, protest or notice of any kind, all of which are hereby waived, and notwithstanding anything to the contrary contained herein or in any of the other Loan Documents. NOTHING CONTAINED IN SECTION Nothing contained in Section 4.1, SECTION Section 4.2 OR THIS SECTION WILL LIMIT THE BANK'S RIGHT TO SETOFF AS PROVIDED IN SECTION or this section will limit the Bank’s right to Setoff as provided in Section 3.3 OR OTHERWISE IN THIS AGREEMENTor otherwise in this Agreement.

Appears in 1 contract

Samples: Revolving Credit Agreement (Itex Corp)

Acceleration of Obligations. Upon the Maturity Date or the occurrence of any of the events identified in Sections 4.1(a4.1 (a) through 4.1(e4.1 (e) and 4.1(g), and the passage of any applicable cure periods, the Bank may at any time thereafter, by written notice to the Borrower, declare the unpaid unpaid, principal balance of any Obligations, together with the interest accrued thereon and other amounts accrued hereunder and under the other Loan Documents, to be immediately due and payable; and the unpaid balance will thereupon be due and payable, all without presentation, demand, protest or further notice of any kind, all of which are hereby waived, and notwithstanding anything to the contrary contained herein or in any of the other Loan Documents. Upon the occurrence of any event under Section 4.1(f), the unpaid principal balance of any Obligations, together with all interest accrued thereon and other amounts accrued hereunder and under the other Loan Documents, will thereupon be immediately due and payable, all without presentation, demand, protest or notice of any kind, all of which are hereby waived, and notwithstanding anything to the contrary contained herein or in any of the other Loan Documents. NOTHING CONTAINED IN SECTION 4.1, SECTION 4.2 OR THIS SECTION WILL LIMIT THE BANK'S RIGHT TO SETOFF AS PROVIDED IN SECTION 3.3 OR OTHERWISE IN THIS AGREEMENT.

Appears in 1 contract

Samples: Term Loan Agreement (Nutech Digital Inc)

Acceleration of Obligations. Upon the Maturity Date or the occurrence of any of the events identified in Sections 4.1(aparagraphs 6.1(a) through 4.1(e6.1(e) and 4.1(g6.1(g) and 6.1(h), and the passage of any applicable cure periods, the Bank may at any time thereafter, (i) by written notice to the Borrower, declare the unpaid principal balance of any Obligations, together with the interest accrued thereon and other amounts accrued hereunder and under the other Loan Documents, to be immediately due and payable; and the unpaid balance will thereupon be due and payable, all without presentation, demand, protest or further notice of any kind, all of which are hereby waived, and notwithstanding anything to the contrary contained herein or in any of the other Loan Documents; and (ii) require the Borrower to cause the Subsidiary Bank to appoint an independent transfer agent for the purpose of registering and transferring ownership of the capital stock of the Subsidiary Bank. Upon the occurrence of any event under Section 4.1(fparagraph 6.1(f), the unpaid principal balance of any Obligations, together with all interest accrued thereon and other amounts accrued hereunder and under the other Loan Documents, will thereupon be immediately due and payable, all without presentation, demand, protest or notice of any kind, all of which are hereby waived, and notwithstanding anything to the contrary contained herein or in any of the other Loan Documents. NOTHING CONTAINED IN SECTION 4.1PARAGRAPH 6.1, SECTION 4.2 PARAGRAPH 6.2 OR THIS SECTION WILL LIMIT THE BANK'S RIGHT TO SETOFF SET OFF AS PROVIDED IN SECTION 3.3 PARAGRAPH 5.2 OR OTHERWISE IN THIS AGREEMENT.

Appears in 1 contract

Samples: Term Loan Agreement (United Community Bancshares Inc)

Acceleration of Obligations. Upon the Maturity Date or the occurrence of any of the events identified in Sections 4.1(a9.1 (excluding Section 9.1(f) through 4.1(e) and 4.1(g), and the passage of any applicable cure periodsperiod, the Bank may at any time anytime thereafter, by written notice to the Borrower, declare the unpaid principal balance of any Obligations, together with the interest accrued thereon and other amounts accrued hereunder and under the other Loan Documents, to be immediately due and payable; and the unpaid balance will shall thereupon be due and payable, all without presentation, demand, protest or further notice of any kind, all of which are hereby waived, and notwithstanding anything to the contrary contained herein or in any of the other Loan Documents. Upon the occurrence of any event under Section 4.1(f9.1(f), then the unpaid principal balance of any Obligations, together with all interest accrued thereon and other amounts accrued hereunder and under the other Loan Documents, will shall thereupon be immediately due and payable, all without presentation, demand, protest or notice of any kind, all of which are hereby waived, and notwithstanding anything to the contrary contained herein or in any of the other Loan Documents. NOTHING CONTAINED IN SECTION 4.19.1, SECTION 4.2 OR THIS SECTION WILL LIMIT THE BANK'S RIGHT TO SETOFF AS PROVIDED IN SECTION 3.3 OR OTHERWISE IN THIS AGREEMENT.SECTION

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Vaughn Communications Inc)

Acceleration of Obligations. Upon the Maturity Date or the occurrence of any of the events identified in Sections 4.1(a) through 4.1(e) and 4.1(g), and the passage of any applicable cure periods, the Bank may at any time thereafter, by written notice to the Borrower, declare the unpaid principal balance of any Obligations, together with the interest accrued thereon and other amounts accrued hereunder and under the other Loan Documents, to be immediately due and payable; and the unpaid balance will thereupon be due and payable, all without presentation, demand, protest or further notice of any kind, all of which are hereby waived, and notwithstanding anything to the contrary contained herein or in In any of the other Loan Documents. Upon the occurrence of any event under Section 4.1(f), the unpaid principal balance of any Obligations, together with all interest accrued thereon and other amounts accrued hereunder and under the other Loan Documents, will thereupon be immediately due and payable, all without presentation, demand, protest or notice of any kind, all of which are hereby waived, and notwithstanding anything to the contrary contained herein or in any of the other Loan Documents. NOTHING CONTAINED IN SECTION Nothing contained In Section 4.1, SECTION Section 4.2 OR THIS SECTION WILL LIMIT THE BANK'S RIGHT TO SETOFF AS PROVIDED IN SECTION or this section will limit the Bank’s right to Setoff as provided in Section 3.3 OR OTHERWISE IN THIS AGREEMENTor otherwise in this Agreement.

Appears in 1 contract

Samples: Revolving Credit Agreement (Rochester Medical Corporation)

Acceleration of Obligations. Upon the Maturity Date or the occurrence of any Event of the events identified in Sections 4.1(a) through 4.1(e) and 4.1(gDefault (other than under Section 6.1(f), and the passage of any applicable cure periods), the Bank may at any time thereafter, (i) by written notice to the Borrower, declare the unpaid principal balance of any Obligations, together with the interest accrued thereon and other amounts accrued hereunder and under the other Loan Documents, to be immediately due and payable; and the unpaid balance will thereupon be due and payable, all without presentation, demand, protest or further notice of any kind, all of which are hereby waived, and notwithstanding anything to the contrary contained herein or in any of the other Loan Documents; and (ii) subject to applicable regulatory requirements, require the Borrower to cause the Subsidiary Bank to appoint an independent transfer agent for the purpose of registering and transferring ownership of the capital stock of Coast Commercial Bank. Upon the occurrence of any event Event of Default under Section 4.1(f6.1(f), the unpaid principal balance of any Obligations, together with all interest accrued thereon and other amounts accrued hereunder and under the other Loan Documents, will thereupon be immediately due and payable, all without presentation, demand, protest or notice of any kind, all of which are hereby waived, and notwithstanding anything to the contrary contained herein or in any of the other Loan Documents. NOTHING CONTAINED IN SECTION 4.1Nothing contained in Section 6.1, SECTION 4.2 OR THIS SECTION WILL LIMIT THE BANK'S RIGHT TO SETOFF AS PROVIDED IN SECTION 3.3 OR OTHERWISE IN THIS AGREEMENTSection 6.2 or this section will limit the Bank’s right to set off as provided in Section 5.2 or otherwise in this Agreement.

Appears in 1 contract

Samples: Term Loan and Security Agreement (Greater Bay Bancorp)

Acceleration of Obligations. Upon the Maturity Date or the occurrence of any of the events identified in Sections 4.1(a) through 4.1(e) and 4.1(g), and the passage of any applicable cure periods, the Bank may at any time thereafter, by written notice to the Borrower, declare the unpaid principal balance of any Obligations, together with the interest accrued thereon and other amounts accrued hereunder and under the other Loan Documents, to be immediately due and payable; and the unpaid balance will thereupon be due and sort payable, all without presentation, demand, protest or further notice of any kind, all of which are hereby waived, and notwithstanding anything to the contrary contained herein or in any of the other Loan Documents. Upon the occurrence of any event under Section 4.1(f), the unpaid principal balance of any Obligations, together with all interest accrued thereon and other amounts accrued hereunder and under the other Loan Documents, will thereupon be immediately due and payable, all without presentation, demand, protest or notice of any kind, all of which are hereby waived, and notwithstanding anything to the contrary contained herein or in any of the other Loan Documents. NOTHING CONTAINED IN SECTION Nothing contained in Section 4.1, SECTION Section 4.2 OR THIS SECTION WILL LIMIT THE BANK'S RIGHT TO SETOFF AS PROVIDED IN SECTION or this section will limit the Bank’s right to Setoff as provided in Section 3.3 OR OTHERWISE IN THIS AGREEMENTor otherwise in this Agreement.

Appears in 1 contract

Samples: Revolving Credit Agreement (American Wagering Inc)

Acceleration of Obligations. Upon the Maturity Date or the occurrence of any an of the --------------------------- events identified in Sections 4.1(aparagraphs 6.1(a) through 4.1(e6.1(e) and 4.1(g6.1(g) and 6.1(h), and the passage of any applicable cure periods, the Bank may at any time thereafter, (i) by written notice to the Borrower, declare the unpaid principal balance of any Obligations, together with the interest accrued thereon and other amounts accrued hereunder and under the other Loan Documents, to be immediately due and payable; and the unpaid balance will thereupon be due and payable, all without presentation, demand, protest or further notice of any kind, all of which are hereby waived, and notwithstanding anything any thing to the contrary contained herein or in any of the other Loan Documents; and (ii) require the Borrower to cause the Subsidiary Bank to appoint an independent transfer agent for the purpose of registering and transferring ownership of the capital stock of the Subsidiary Bank. Upon the occurrence of any event under Section 4.1(fparagraph 6.1(f), the unpaid principal balance of any Obligations, together with all interest accrued thereon and other amounts accrued hereunder and under the other Loan Documents, will thereupon be immediately due and payable, all without presentation, demand, protest or notice of any kind, all of which are hereby waived, and notwithstanding anything to the contrary contained herein or in any of the other Loan Documents. NOTHING CONTAINED IN SECTION 4.1Nothing contained in paragraph 6.1, SECTION 4.2 OR THIS SECTION WILL LIMIT THE BANK'S RIGHT TO SETOFF AS PROVIDED IN SECTION 3.3 OR OTHERWISE IN THIS AGREEMENTparagraph 6.2 or this section will limit the Bank's right to set off as provided in paragraph 5.2 or otherwise in this Agreement.

Appears in 1 contract

Samples: Revolving Credit Agreement (Republic Bancorp Inc)

Acceleration of Obligations. Upon the Maturity Date or the occurrence of any of the events identified in Sections 4.1(a) through 4.1(e), 4.1(g) and 4.1(g4.1(h), and the passage of any applicable cure periods, the Bank may at any time thereafter, by written notice to the Borrower, declare the unpaid principal balance of any Obligations, together with the interest accrued thereon and other amounts accrued hereunder and under the other Loan Documents, to be immediately due and payable; and the unpaid balance will thereupon be due and payable, all without presentation, demand, protest or further notice of any kind, all of which are hereby waived, and notwithstanding anything to the contrary contained herein or in any of the other Loan Documents. Upon the occurrence of any event under Section 4.1(f), the unpaid principal balance of any Obligations, together with all interest accrued thereon and other amounts accrued hereunder and under the other Loan Documents, will thereupon be immediately due and payable, all without presentation, demand, protest or notice of any kind, all of which are hereby waived, and notwithstanding anything to the contrary contained herein or in any of the other Loan Documents. NOTHING CONTAINED IN SECTION Nothing contained in Section 4.1, SECTION Section 4.2 OR THIS SECTION WILL LIMIT THE BANK'S RIGHT TO SETOFF AS PROVIDED IN SECTION or this section will limit the Bank's right to Setoff as provided in Section 3.3 OR OTHERWISE IN THIS AGREEMENTor otherwise in this Agreement.

Appears in 1 contract

Samples: Revolving Credit Agreement (Bnccorp Inc)

Acceleration of Obligations. Upon the Maturity Date or occurrence and during the occurrence continuance of any of the events identified in Sections 4.1(aparagraphs 6.1(a) through 4.1(e6.1(e) and 4.1(g6.1(g) and 6.1(h), and the passage of any applicable cure periods, the Bank may at any time thereafter, (i) by written notice to the Borrower, declare the unpaid principal balance of any Obligations, together with the interest accrued thereon and other amounts accrued hereunder and under the other Loan Documents, to be immediately due and payable; and the unpaid balance will thereupon be due and payable, all without presentation, demand, protest or further notice of any kind, all of which are hereby waived, and notwithstanding anything to the contrary contained herein or in any of the other Loan Documents; and (ii) require the Borrower to cause any Subsidiary to appoint an independent transfer agent for the purpose of registering and transferring ownership of the capital stock of such Subsidiary. Upon the occurrence of any event under Section 4.1(fparagraph 6.1(f), the unpaid principal balance of any Obligations, together with all interest accrued thereon and other amounts accrued hereunder and under the other Loan Documents, will thereupon be immediately due and payable, all without presentation, demand, protest or notice of any kind, all of which are hereby waived, and notwithstanding anything to the contrary contained herein or in any of the other Loan Documents. NOTHING CONTAINED IN SECTION 4.1PARAGRAPH 6.1, SECTION 4.2 PARAGRAPH 6.2 OR THIS SECTION WILL LIMIT THE BANK'S RIGHT TO SETOFF SET OFF AS PROVIDED IN SECTION 3.3 PARAGRAPH 5.2 OR OTHERWISE IN THIS AGREEMENT.

Appears in 1 contract

Samples: Credit and Term Loan Agreement (United Community Bancshares Inc)

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Acceleration of Obligations. Upon the Maturity Date or the occurrence of any of the events Events of Default identified in Sections 4.1(asections 6.1(a) through 4.1(e6.1(e) and 4.1(gsections 6.1(g) and 6.1(h), and the passage Agent shall, at the request of any applicable cure periods, the Bank may at any time thereafterMajority Lenders, by written notice to the Borrower, take any or all of the following actions: (a) declare the Revolving Loan Commitment of each Lender to be terminated, whereupon the Revolving Loan Commitments will terminate; (b) declare the unpaid principal balance of any Obligations, together with the interest accrued thereon and other amounts accrued hereunder and under the other Loan Documents, to be immediately due and payable; and , whereupon the unpaid balance will thereupon be due and payable, all without presentation, demand, protest or further notice of any kind, all of which are hereby waivedexpressly waived by the Borrower, and notwithstanding anything to the contrary contained herein or in any of the other Loan Documents; and (c) exercise on behalf of itself and the Lenders all rights and remedies available to it and the Lenders under the Loan Documents. Upon the occurrence of any event under Section 4.1(fsection 6.1(f), the Revolving Loan Commitment of each Lender shall automatically terminate and the unpaid principal balance of any Obligations, together with all interest accrued thereon and other amounts accrued hereunder and under the other Loan Documents, will thereupon be immediately due and payable, all without presentation, demand, protest or notice of any kind, all of which are hereby waivedexpressly waived by the Borrower, and notwithstanding anything to the contrary contained herein or in any of the other Loan Documents. NOTHING CONTAINED IN SECTION 4.1, SECTION 4.2 OR THIS SECTION WILL LIMIT THE BANK'S RIGHT TO SETOFF AS PROVIDED IN SECTION 3.3 OR OTHERWISE IN THIS AGREEMENTNothing contained in section 6.1 or this section 6.3 will limit the Lenders’ rights to set off as provided in paragraph 5.1 or otherwise in this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Anchor Bancorp Wisconsin Inc)

Acceleration of Obligations. Upon the Maturity Date or the occurrence of any of the events identified in Sections Section 4.1(a) through 4.1(e) and 4.1(g), and the passage of any applicable cure periods, the Bank may at any time thereafter, by written notice to the Borrower, declare the unpaid principal balance of any Obligations, together with the interest accrued thereon and other amounts accrued hereunder and under the other Loan Documents, to be immediately due and payable; and the unpaid balance will thereupon be due and payable, all without presentation, demand, protest or further notice of any kind, all of which are hereby waived, and notwithstanding anything to the contrary contained herein or in any of the other Loan Documents. Upon the occurrence of any event under Section 4.1(f), the unpaid principal balance of any Obligations, together with all interest accrued thereon and other amounts accrued hereunder and under the other Loan Documents, will thereupon be immediately due and payable, all without presentation, demand, protest or notice of any kind, all of which are hereby waived, and notwithstanding anything to the contrary contained herein or in any of the other Loan Documents. NOTHING CONTAINED IN SECTION Nothing contained in Section 4.1, SECTION Section 4.2 OR THIS SECTION WILL LIMIT THE BANK'S RIGHT TO SETOFF AS PROVIDED IN SECTION or this section will limit the Bank's right to Setoff as provided in Section 3.3 OR OTHERWISE IN THIS AGREEMENTor otherwise in this Agreement.

Appears in 1 contract

Samples: Revolving Credit Agreement (Universal Manufacturing Co)

Acceleration of Obligations. Upon the Maturity Date or the occurrence of any of the events --------------------------- identified in Sections 4.1(aparagraphs 6.1(a) through 4.1(e6.1(e) and 4.1(g6.1(g) through 6.1(j), and the passage of any applicable cure periods, the Bank may at any time thereafter, (i) by written notice to the Borrower, declare the unpaid principal balance of any Obligations, together with the interest accrued thereon and other amounts accrued hereunder and under the other Loan Documents, to be immediately due and payable; and the unpaid balance will thereupon be due and payable, all without presentation, demand, protest or further notice of any kind, all of which are hereby waived, and notwithstanding anything to the contrary contained herein or in any of the other Loan Documents; and (ii) require the Borrower to cause Blackhawk State Bank to appoint an independent transfer agent for the purpose of registering and transferring ownership of the capital stock of such Subsidiary Bank. Upon the occurrence of any event under Section 4.1(fparagraph 6.1(f), the unpaid principal balance of any Obligations, together with all interest accrued thereon and other amounts accrued hereunder and under the other Loan Documents, will thereupon be immediately due and payable, all without presentation, demand, protest or notice of any kind, all of which are hereby waived, and notwithstanding anything to the contrary contained herein or in any of the other Loan Documents. NOTHING CONTAINED IN SECTION 4.1PARAGRAPH 6.1, SECTION 4.2 PARAGRAPH 6.2 OR THIS SECTION WILL LIMIT THE BANK'S RIGHT TO SETOFF SET OFF AS PROVIDED IN SECTION 3.3 PARAGRAPH 5.2 OR OTHERWISE IN THIS AGREEMENT.

Appears in 1 contract

Samples: Credit Agreement (Blackhawk Bancorp Inc)

Acceleration of Obligations. Upon the Maturity Date or the occurrence of any of the events identified in Sections 4.1(a) through 4.1(e) and 4.1(g), and the passage of any applicable cure periods, the Bank may at any time thereafter, by written notice to the Borrower, declare the unpaid principal balance of any Obligations, together with the interest accrued thereon and other amounts accrued hereunder and under the other Loan Documents, to be immediately due and payable; and the unpaid balance will thereupon be due and payable, all without presentation, demand, protest or further notice of any kind, all of which are hereby waived, and notwithstanding anything to the contrary contained herein or in any of the other Loan Documents. Upon the occurrence of any event under Section 4.1(f), the unpaid principal balance of any Obligations, together with all interest accrued thereon and other amounts accrued hereunder and under the other Loan Documents, will thereupon be immediately due and payable, all without presentation, demand, protest or notice of any kind, all of which are hereby waived, and notwithstanding anything to the contrary contained herein or in any of the other Loan Documents. NOTHING CONTAINED IN SECTION Nothing contained in Section 4.1, SECTION Section 4.2 OR THIS SECTION WILL LIMIT THE BANK'S RIGHT TO SETOFF AS PROVIDED IN SECTION or this section will limit the Bank's right to set off as provided in Section 3.3 OR OTHERWISE IN THIS AGREEMENTor otherwise in this Agreement.

Appears in 1 contract

Samples: Revolving Credit Agreement (Alterra Healthcare Corp)

Acceleration of Obligations. Upon the Maturity Date or the occurrence of any of the events identified in Sections 4.1(a) through 4.1(e) and 4.1(gSection 8.1 (other then Section 8.1(f)), and the passage of any applicable cure periods, the Bank Lender may at any time thereafter, by written notice to the Borrower, declare the unpaid principal balance of any Obligations, together with the interest accrued thereon and other amounts accrued hereunder and under the other Loan Documents, to be immediately due and payable; and the unpaid balance will thereupon be due and payable, all without presentation, demand, protest or further notice of any kind, all of which are hereby waived, and notwithstanding anything to the contrary contained herein or in any of the other Loan Documents. Upon the occurrence of any event under Section 4.1(f8.1(f), the unpaid principal balance of any Obligations, together with all interest accrued thereon and other amounts accrued hereunder and under the other Loan Documents, will thereupon be immediately due and payable, all without presentation, demand, protest or notice of any kind, all of which are hereby waived, and notwithstanding anything to the contrary contained herein or in any of the other Loan Documentsdocuments. NOTHING CONTAINED IN SECTION 4.1, SECTION 4.2 OR THIS SECTION WILL LIMIT THE BANK'S RIGHT TO SETOFF AS PROVIDED IN SECTION 3.3 OR OTHERWISE IN THIS AGREEMENTNothing contained in this Article will limit Lender’s to Setoff as provided in this Agreement or any set off rights otherwise available to Lender in law or by agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Entrade Inc)

Acceleration of Obligations. Upon the Maturity Date or the occurrence of any of the events identified in Sections 4.1(a9.01(a) through 4.1(e9.01(e) and 4.1(g9.01(g), and the passage of any applicable cure periods, the Bank Lender may at any time thereafter, by written notice to the Borrower, declare the unpaid principal balance of any Obligations, together with the interest accrued thereon and other amounts accrued hereunder and under the other Loan Documents, to be immediately due and payable; and the unpaid balance will thereupon be due and payable, all without presentation, demand, protest or further notice of any kind, all of which are hereby waived, and notwithstanding anything to the contrary contained herein or in any of the other Loan Documents. Upon the occurrence of any event under Section 4.1(f9.1(f), the unpaid principal balance of any Obligations, together with all interest accrued thereon and other amounts accrued hereunder and under the other Loan Documents, will thereupon be immediately due and payable, all without presentation, demand, protest or notice of any kind, all of which are hereby waived, and notwithstanding anything to the contrary contained herein or in any of the other Loan Documents. NOTHING CONTAINED IN SECTION 4.1Nothing contained in Section 9.01, SECTION Section 4.2 OR THIS SECTION WILL LIMIT THE BANK'S RIGHT TO SETOFF AS PROVIDED IN SECTION 3.3 OR OTHERWISE IN THIS AGREEMENTor this section will limit the Lender’s right to Setoff as provided in Section 5.02 or otherwise in this Agreement.

Appears in 1 contract

Samples: Credit Agreement (New Age Beverages Corp)

Acceleration of Obligations. Upon the Maturity Date or the occurrence of any of the events identified in Sections 4.1(a4.1 (a) through 4.1(e4.1 (e) and 4.1(g4.1 (g), and the passage of any applicable cure periods, the Bank may at any time thereafter, by written notice to the Borrower, declare the unpaid principal balance of any Obligations, together with the interest accrued thereon and other amounts accrued hereunder and under the other Loan Documents, to be immediately due and payable; and the unpaid balance will thereupon be due and payable, all without presentation, demand, protest or further notice of any kind, all of which are hereby waived, and notwithstanding anything to the contrary contained herein or in any of the other Loan Documents. Upon the occurrence of any event under Section 4.1(f4.1 (f), the unpaid principal balance of any Obligations, together with all interest accrued thereon and other amounts accrued hereunder and under the other Loan Documents, will thereupon be immediately due and payable, all without presentation, demand, protest or notice of any kind, all of which are hereby waived, and notwithstanding anything to the contrary contained herein or in any of the other Loan Documents. NOTHING CONTAINED IN SECTION 4.1, SECTION 4.2 OR THIS SECTION WILL LIMIT THE BANK'S RIGHT TO SETOFF AS PROVIDED IN SECTION 3.3 OR OTHERWISE IN THIS AGREEMENT.

Appears in 1 contract

Samples: Revolving Credit Agreement (Nautilus Group Inc)

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