Common use of Acceleration Upon Bankruptcy Clause in Contracts

Acceleration Upon Bankruptcy. If any CTA Event of Default described in Section 7.5(a) (Bankruptcy) of the Common Terms Agreement occurs with respect to the Borrower, all outstanding Senior Loan Commitments, if any, shall automatically terminate, the outstanding principal amount of the Senior Loans and all other Obligations shall automatically be and become immediately due and payable (it being understood that no Make-Whole Amount or premium shall be payable), in each case without notice, demand or further act of the Administrative Agent or the Senior Lenders.

Acceleration Upon Bankruptcy. If any CTA Event of Default described in Section 7.5(a) (Bankruptcy) of the Common Terms Agreement occurs with respect to the Borrower, all outstanding Senior Construction/Term Loan Commitments, if any, shall automatically terminate, the outstanding principal amount of the Senior Construction/Term Loans and all other Obligations shall automatically be and become immediately due and payable (it being understood that no Make-Whole Amount or premium shall be payable), in each case without notice, demand or further act of the TCF Administrative Agent or the Senior Lenders.

Acceleration Upon Bankruptcy. If any CTA Event of Default described in Section 7.5(a) (Bankruptcy) of the Common Terms Agreement occurs with respect to the Borrower, all outstanding Senior Construction/ |US-DOCS\145399031.8|| Term Loan Commitments, if any, shall automatically terminate, the outstanding principal amount of the Senior Construction/Term Loans and all other Obligations shall automatically be and become immediately due and payable (it being understood that no Make-Whole Amount or premium shall be payable), in each case without notice, demand or further act of the TCF Administrative Agent or the Senior Lenders.