Common use of Acceleration Upon Bankruptcy Clause in Contracts

Acceleration Upon Bankruptcy. If any Event of Default described in Section 9.7 (Bankruptcy; Insolvency) of the Common Terms Agreement occurs with respect to the Borrower, all outstanding Commercial Banks Facility Commitments, if any, shall automatically terminate and the outstanding principal amount of the outstanding Commercial Bank Loans and all other Obligations shall automatically be and become immediately due and payable, in each case without notice, demand or further act of the Commercial Banks Facility Agent, the Commercial Bank Lenders, the Common Security Trustee or any other Credit Agreement Secured Party.

Appears in 4 contracts

Samples: Credit Agreement, Credit Agreement (Cheniere Energy Partners, L.P.), Credit Agreement (Cheniere Energy Partners, L.P.)

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Acceleration Upon Bankruptcy. If any Event of Default described in Section 9.7 (Bankruptcy; Insolvency) of the Common Terms Agreement occurs with respect to the Borrower, all outstanding Commercial Banks Facility Construction/Term Loan Commitments, if any, shall automatically terminate and the outstanding principal amount of the outstanding Commercial Bank Construction/Term Loans and all other Obligations shall automatically be and become immediately due and payable, in each case without notice, demand or further act of the Commercial Banks Facility Term Loan A Administrative Agent, the Commercial Bank Construction/Term Loan Lenders, the Common Security Trustee or any other Credit Agreement Secured Party.

Appears in 1 contract

Samples: Credit Agreement (Cheniere Energy Partners, L.P.)

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