Common use of Acceleration on Event of Default Clause in Contracts

Acceleration on Event of Default. (i) If an Event of Default specified in clause (g), clause (h) or clause (i) of Section 0 shall exist, all of the Notes at the time outstanding shall automatically become immediately due and payable together with interest accrued thereon and, to the extent permitted by law, the Make-Whole Amount at such time with respect to the principal amount of such Notes, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived.

Appears in 1 contract

Samples: Note Purchase Agreement (Alleghany Corp /De)

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Acceleration on Event of Default. (i) If an any Event of Default specified in clause (g), clause (hSection 8.1(g) or clause (iSection 8.1(h) of Section 0 hereof shall existexist with respect to the Company, all of the Notes at the time outstanding shall automatically become immediately due and payable together with interest accrued thereon and, to the extent permitted by law, the Make-Whole Amount at such time with respect to the principal amount of such Notes, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived., and,

Appears in 1 contract

Samples: Credit Agreement (Transocean Offshore Inc)

Acceleration on Event of Default. (i) If an any Event of Default specified in clause (g), clause (h) or clause (i) of Section 0 8.1 shall exist, all of the Notes at the time outstanding shall automatically become immediately due and payable payable, together with interest accrued thereon and, to the extent permitted by law, and the Make-Whole Amount at (as of the date such time Notes first become due and payable) with respect to the such principal amount of such Notes, in each case without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived.

Appears in 1 contract

Samples: Note Purchase Agreement (Cerplex Group Inc)

Acceleration on Event of Default. (i) If an any Event of Default specified in clause (gSection 7.1(g), clause (hSection 7.1(h) or clause (iSection 7.1(i) of Section 0 shall exist, all of the Notes at the time outstanding shall automatically become immediately due and payable together with interest accrued thereon and, to the extent permitted by law, the Make-Whole Amount at such time with respect to the principal amount of such Notes, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived., and,

Appears in 1 contract

Samples: Note Purchase Agreement (Omniquip International Inc)

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Acceleration on Event of Default. (i) If an Event of Default specified in clause (gh), clause (h) or clause (i) or (j) of Section 0 9.1 shall existexist with respect to the Company, all of the Subordinated Notes at the time outstanding shall automatically become immediately due and payable together with interest accrued thereon and, to the extent permitted by law, the Make-Whole Prepayment Compensation Amount at such time with respect to the principal amount of such Subordinated Notes, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived., and,

Appears in 1 contract

Samples: Note and Warrant Purchase Agreement (Hutchinson Products Corp)

Acceleration on Event of Default. (i) If an Event of Default specified in clause (g), clause (h) or clause (i) of Section 0 8.1 shall exist, all of the Notes at the time outstanding shall automatically become immediately due and payable payable, together with interest accrued thereon and, to the extent permitted by law, and the Make-Whole Amount at such time with respect to the such CREDIT ACCEPTANCE CORPORATION 39 NOTE PURCHASE AGREEMENT 44 principal amount of such Notes, in each case without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived.

Appears in 1 contract

Samples: Credit Acceptance Agreement (Credit Acceptance Corporation)

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