Common use of Acceleration Termination of Facilities Clause in Contracts

Acceleration Termination of Facilities. Declare the principal of and interest on the Loans and the Reimbursement Obligations at the time outstanding, and all other amounts owed to the Lenders and to the Administrative Agent under this Agreement or any of the other Loan Documents (including, without limitation, all L/C Obligations, whether or not the beneficiaries of the then outstanding Letters of Credit shall have presented the documents required thereunder) and all other Obligations, to be forthwith due and payable, whereupon the same shall immediately become due and payable without presentment, demand, protest or other notice of any kind, all of which are expressly waived, anything in this Agreement or the other Loan Documents to the contrary notwithstanding, and terminate the Credit Facilities and any right of any Borrower to request borrowings or Letters of Credit thereunder; provided, that upon the occurrence of an Event of Default specified in Sections 11.1.8, 11.1.9 or 11.1.10 with respect to any of the Credit Parties, the Credit Facilities shall be automatically terminated and all Obligations shall automatically become due and payable.

Acceleration Termination of Facilities. Declare the principal of --------------------------------------- and interest on the Loans Loans, the Notes and the Reimbursement Obligations at the time outstanding, and all other amounts owed to the Lenders and to the Administrative Agent under this Agreement or any of the other Loan Documents and all other Obligations (including, without limitation, all L/C Obligations, whether or not the beneficiaries of the then outstanding Letters of Credit shall have presented the documents required thereunder) and all other Obligations), to be forthwith due and payable, whereupon the same shall immediately become due and payable without presentment, demand, protest or other notice of any kind, all of which are expressly waived, anything in this Agreement or the other Loan Documents to the contrary notwithstanding, and terminate the Credit Facilities Facility and any right of any the Borrower to request borrowings or Letters of Credit thereunder; provided, that upon the occurrence -------- of an Event of Default specified in Sections 11.1.8, 11.1.9 Section 11.1(i) or 11.1.10 with respect to any of the Credit Parties(j), the Credit Facilities Facility shall be automatically terminated and all Obligations shall automatically become due and payable.

Acceleration Termination of Facilities. Declare the principal of and --------------------------------------- interest on the Loans Loans, the Note, the Reimbursement Obligations and the Reimbursement other Obligations at the time outstanding, and all other amounts owed to the Lenders and to the Administrative Agent Lender under this Agreement or any of the other Loan Documents (including, without limitation, all L/C Obligations, whether or not the beneficiaries of the then outstanding Letters of Credit shall have presented the documents required thereunder) and all other Obligations), to be forthwith due and payable, whereupon the same shall immediately become due and payable without presentment, demand, protest or other notice of any kind, all of which are expressly waived, anything in this Agreement or the other Loan Documents to the contrary notwithstanding, and terminate the Credit Facilities Facility and any right of any the Borrower to request borrowings or Letters of Credit thereunder; provided, that upon the occurrence -------- of an Event of Default specified in Sections 11.1.8, 11.1.9 Section 11.1(i) or 11.1.10 with respect to any of the Credit Parties(j), the Credit Facilities Facility shall be automatically terminated and all Obligations shall automatically become due and payable.