Common use of Acceleration Waivers Amendments and Remedies Clause in Contracts

Acceleration Waivers Amendments and Remedies. 8.1 Acceleration. If any Default described in Section 7.6 or 7.7 occurs, the obligations of the Lenders to make Syndicated Loans hereunder shall automatically terminate and the Obligations shall immediately become due and payable without any election or action on the part of the Administrative Agent or any Lender, and without presentment, demand, protest or notice of any kind, all of which the Borrower hereby expressly waives. If any other Default occurs and is continuing (which Default has not been waived under the terms of Section 8.2) the Required Lenders may (a) terminate or suspend the obligations of the Lenders to make Syndicated Loans hereunder, or (b) declare the Obligations to be due and payable, whereupon the Obligations shall become immediately due and payable, without presentment, demand, protest or notice of any kind, all of which the Borrower hereby expressly waives, or (c) take the action described in both the preceding clause (a) and the preceding clause (b). If, within 30 days after acceleration of the maturity of the Obligations or termination of the obligations of the Lenders to make Syndicated Loans hereunder as a result of any Default (other than any Default as described in Section 7.6 or 7.7) and before any judgment or decree for the payment of the Obligations due shall have been obtained or entered, the Required Lenders (in their sole discretion) shall so direct, the Administrative Agent shall, by notice to the Borrower, rescind and annul such acceleration and/or termination.

Acceleration Waivers Amendments and Remedies. 8.1 Acceleration8.1. Acceleration If any Default described in Section 7.6 or 7.7 occursoccurs with respect to the Borrower, the obligations of the Lenders to make Syndicated Loans hereunder shall automatically terminate and the Obligations shall immediately become due and payable without any election or action on the part of the Administrative Agent or any Lender, and without presentment, demand, protest or notice of any kind, all of which the Borrower hereby expressly waives. If any other Default occurs and is continuing (which Default has not been waived under the terms of Section 8.2) occurs, the Required Lenders may (a) terminate or suspend the obligations of the Lenders to make Syndicated Loans hereunder, or (b) declare the Obligations to be due and payable, or both, whereupon the Obligations shall become immediately due and payable, without presentment, demand, protest or notice of any kind, all of which the Borrower hereby expressly waives, or (c) take . The Agent shall give the action described in both the preceding clause (a) and the preceding clause (b)Borrower prompt written notice of any acceleration hereunder. If, within 30 days after acceleration of the maturity of the Obligations or termination of the obligations of the Lenders to make Syndicated Loans hereunder as a result of any Default (other than any Default as described in Section 7.6 or 7.77.7 with respect to the Borrower) and before any judgment or decree for the payment of the Obligations due shall have been obtained or entered, the Required Lenders (in their sole discretion) shall so direct, the Administrative Agent shall, by notice to the Borrower, rescind and annul such acceleration and/or termination.

Acceleration Waivers Amendments and Remedies. 8.1 Acceleration. (a) If any Default described in Section 7.6 or Section 7.7 occursoccurs with respect to the Borrower, the obligations of the Lenders to make Syndicated Loans hereunder shall automatically terminate and the Obligations shall immediately become due and payable without any election or action on the part of the Administrative Agent or any Lender, and without presentment, demand, protest or notice of any kind, all of which the Borrower hereby expressly waives. If any Default other than a Default occurs and is continuing (which Default has not been waived under the terms of Section 8.2) 7.6 or Section 7.7 exists, the Required Lenders (or the Administrative Agent with the consent of the Required Lenders) may (a) terminate or suspend the obligations of the Lenders to make Syndicated Loans hereunder, or (b) declare the Obligations to be due and payable, or both, whereupon the Obligations shall become immediately due and payable, without presentment, demand, protest or notice of any kind, all of which the Borrower hereby expressly waives, or (c) take the action described in both the preceding clause . (a) and the preceding clause (b). If, within 30 days after acceleration of the maturity of the Obligations or termination of the obligations of the Lenders to make Syndicated Loans hereunder as a result of any Default (other than any Default as described in Section 7.6 or 7.7) and before any judgment or decree for the payment of the Obligations due shall have been obtained or entered, the Required Lenders (in their sole discretion) shall so direct, the Administrative Agent shall, by notice to the Borrower, rescind and annul such acceleration and/or termination.

Acceleration Waivers Amendments and Remedies. 8.1 8.1. Acceleration. If any Default described in Section 7.5, ____________ 7.6 or 7.7 occurs, the obligations of the Lenders Banks to make Syndicated Loans to the Borrower hereunder shall automatically terminate and the Obligations of the Borrower shall immediately become due and payable without any election or action on the part of the Administrative Agent or any Lender, and without presentment, demand, protest or notice of any kind, all of which the Borrower hereby expressly waivesBank. If any other Default occurs and is continuing (which Default has not been waived under occurs, the terms of Section 8.2) the Required Lenders Majority Banks may (a) terminate or suspend the obligations of the Lenders Banks to make Syndicated Loans to the Borrower hereunder, or (b) declare the Obligations of the Borrower to be due and payable, or both, whereupon the such Obligations shall become immediately due and payable, without presentment, demand, protest or notice of any kind, all of which the Borrower hereby expressly waives, or (c) take the action described in both the preceding clause (a) and the preceding clause (b). If, within 30 14 days after acceleration of the maturity of the Obligations or termination of the obligations of the Lenders Banks to make Syndicated Loans hereunder as a result of any Default (other than any Default as described in Section 7.6 7.5, 7.6, 7.7 or 7.77.10) and before any judgment or decree for the payment of the Obligations due shall have been obtained or entered, the Required Lenders Majority Banks (in their sole discretion) shall so direct, the Administrative Agent shall, by notice to the Borrower, rescind and annul such acceleration and/or termination.

Acceleration Waivers Amendments and Remedies. 8.1 8.1. Acceleration. If any Default described in Section 7.6 Sections 7.7 or 7.7 occurs7.8 occurs with respect to Borrower, the obligations of the Lenders to make Syndicated Loans hereunder shall automatically terminate and the Facility Obligations shall immediately become due and payable without any election or action on the part of the Administrative Agent or any Lender, and without presentment, demand, protest or notice of any kind, all of which the Borrower hereby expressly waives. If any other Default occurs and is continuing (which occurs, so long as a Default has not been waived under the terms of Section 8.2) the Required exists Lenders may (a) terminate or suspend the obligations of the Lenders to make Syndicated Loans hereunder, or (b) declare the Facility Obligations to be due and payable, whereupon if the Required Lenders elected to accelerate (i) the Facility Obligations shall become immediately due and payable, without presentment, demand, protest or notice of any kind, all of which the Borrower hereby expressly waiveswaives and (ii) if any automatic or optional acceleration has occurred, the Administrative Agent, as directed by the Required Lenders (or (c) take if no such direction is given within 30 days after a request for direction, as the action described Administrative Agent deems in both the preceding clause (a) best interests of the Lenders, in its sole discretion), shall use its good faith efforts to collect, including without limitation, by filing and diligently pursuing judicial action, all amounts owed by Borrower and any Subsidiary Guarantor under the preceding clause (b)Loan Documents. If, within 30 10 days after acceleration of the maturity of the Facility Obligations or termination of the obligations of the Lenders to make Syndicated Loans hereunder as a result of any Default (other than any Default as described in Section 7.6 Sections 7.7 or 7.77.8 with respect to Borrower) and before any judgment or decree for the payment of the Facility Obligations due shall have been obtained or entered, all of the Required Lenders (in their sole discretion) shall so direct, the Administrative Agent shall, by notice to the Borrower, rescind and annul such acceleration and/or terminationacceleration.

Acceleration Waivers Amendments and Remedies. 8.1 Section 8.1. Acceleration. . (i) If any Default described in Section 7.6 or 7.7 occursoccurs with respect to Borrower, the obligations of the Lenders to make Syndicated Loans hereunder shall automatically terminate and the Obligations shall immediately become due and payable and Borrower shall be and become unconditionally obligated to pay the same without any election or action on the part of the Administrative Agent or any Lender, and without presentment, demand, protest or notice of any kind, all of which the Borrower hereby expressly waives. If any other Default occurs and is continuing (which Default has not been waived under the terms of Section 8.2) occurs, the Required Lenders (or the Administrative Agent with the consent of the Required Lenders) may (a) terminate or suspend the obligations of the Lenders to make Syndicated Loans hereunder, hereunder or (b) declare the Obligations to be due and payable, or both, whereupon the Obligations shall become immediately due and payable, without presentment, demand, protest or notice of any kind, all of which the Borrower hereby expressly waives, or . (cii) take the action described in both the preceding clause (a) and the preceding clause (b). If, within 30 thirty (30) days after acceleration of the maturity of the Obligations or termination of the obligations of the Lenders to make Syndicated Loans hereunder as a result of any Default (other than any Default as described in Section 7.6 or 7.77.7 with respect to Borrower) and before any judgment or decree for the payment of the Obligations due shall have been obtained or entered, the Required Lenders (in their sole discretion) shall so direct, the Administrative Agent shall, by notice to the BorrowerBorrower Representative, rescind and annul cancel such acceleration and/or termination.

Acceleration Waivers Amendments and Remedies. 8.1 1.1. Acceleration. (a) If any Default described in Section 7.6 or 7.7 occursoccurs with respect to the Borrower, the obligations of the Lenders to make Syndicated Loans hereunder shall automatically terminate and the Obligations shall immediately become due and payable without any election or action on the part of the Administrative Agent or any Lender, and without presentment, demand, protest or notice of any kind, all of which the Borrower hereby expressly waives. If any other Default occurs and is continuing (which Default has not been waived under the terms of Section 8.2) continuing, the Required Lenders (or the Administrative Agent with the consent or upon the instruction of the Required Lenders) may (a) terminate or suspend the obligations of the Lenders to make Syndicated Loans hereunder, or (b) declare the Obligations to be due and payable, or both, whereupon the Obligations shall become immediately due and payable, without presentment, demand, protest or notice of any kind, all of which the Borrower hereby expressly waives, or (c) take the action described in both the preceding clause (a) and the preceding clause . (b). ) If, within 30 days ten (10) Business Days after (i) acceleration of the maturity of the Obligations or (ii) termination of the obligations of the Lenders to make Syndicated Loans hereunder as a result of any Default that has occurred and is continuing (other than any Default as described in Section 7.6 or 7.77.7 with respect to the Borrower) and before any judgment or decree for the payment of the Obligations due shall have been obtained or entered, the Required Lenders (Lenders, in their sole discretion) , shall so directdirect the Administrative Agent, then the Administrative Agent shall, by notice to the Borrower, rescind and annul such acceleration and/or termination.

Acceleration Waivers Amendments and Remedies. 8.1 8.1. Acceleration. If any Default described in Section 7.6 7.7 or 7.7 occurs7.8 occurs with respect to the Borrower, the obligations of the Lenders to make Syndicated Loans hereunder shall automatically terminate and the Obligations shall immediately become due and payable without any election or action on the part of the Administrative Agent or any Lender, and without presentment, demand, protest or notice of any kind, all of which the Borrower hereby expressly waives. If any other Default occurs and is continuing (which Default has not been waived under the terms of Section 8.2) occurs, the Required Lenders (or the Administrative Agent with the consent of the Required Lenders) may (a) terminate or suspend the obligations of the Lenders to make Syndicated Loans hereunder, or (b) declare the Obligations to be due and payable, or both, whereupon the Obligations shall become immediately due and payable, without presentment, demand, protest or notice of any kind, all of which the Borrower hereby expressly waives, or (c) take the action described in both the preceding clause (a) and the preceding clause (b). If, within 30 days after acceleration of the maturity of the Obligations or termination of the obligations of the Lenders to make Syndicated Loans hereunder as a result of any Default (other than any Default as described in Section 7.6 7.7 or 7.77.8 with respect to the Borrower) and before any judgment or decree for the payment of the Obligations due shall have been obtained or entered, the Required Lenders (in their sole discretion) shall so direct, the Administrative Agent shall, by notice to the Borrower, rescind and annul such acceleration and/or termination.

Acceleration Waivers Amendments and Remedies. 8.1 Acceleration. If any Default described in Section 7.6 7.6, 7.7 or 7.7 occurs7.8 occurs with respect to the Borrower, the obligations of the Lenders to make Syndicated Loans hereunder shall automatically terminate and the Obligations shall immediately become due and payable without any election or action on the part of the Administrative Agent or any Lender, and without presentment, demand, protest or notice of any kind, all of which the Borrower hereby expressly waives. If any other Default occurs and is continuing (which Default has not been waived under the terms of Section 8.2) occurs, the Required Lenders may (a) terminate or suspend the obligations of the Lenders to make Syndicated Loans hereunder, or (b) declare the Obligations to be due and payable, or both, whereupon the Obligations shall become immediately due and payable, without presentment, demand, protest or notice of any kind, all of which the Borrower hereby expressly waives, or (c) take the action described in both the preceding clause (a) and the preceding clause (b). If, within 30 10 days after acceleration of the maturity of the Obligations or termination of the obligations of the Lenders to make Syndicated Loans hereunder as a result of any Default (other than any Default as described in Section 7.6 7.6, 7.7 or 7.77.8 with respect to the Borrower) and before any judgment or decree for the payment of the Obligations due shall have been obtained or entered, the Required Lenders (in their sole discretion) shall so direct, the Administrative Agent shall, by notice to the Borrower, rescind and annul such acceleration and/or termination.

Acceleration Waivers Amendments and Remedies. 8.1 8.1. Acceleration. . (a) If any Default described in Section 7.6 or 7.7 occursoccurs with respect to any Borrower organized under the laws of the United States, the obligations of the Lenders to make Syndicated Loans hereunder shall automatically terminate and the Obligations shall immediately become due and payable without any election or action on the part of the Administrative Agent or any Lender, and without presentment, demand, protest or notice of any kind, all of which the Borrower hereby expressly waives. If any other Default occurs and is continuing (which Default has not been waived under the terms of Section 8.2) occurs, the Required Lenders (or the Administrative Agent with the consent or upon the instruction of the Required Lenders) may (a) terminate or suspend the obligations of the Lenders to make Syndicated Loans hereunder, or (b) declare the Obligations to be due and payable, or both, whereupon the Obligations shall become immediately due and payable, without presentment, demand, protest or notice of any kind, all of which the each Borrower hereby expressly waives, or (c) take the action described in both the preceding clause (a) and the preceding clause . (b). ) If, within 30 days ten (10) Business Days after (i) acceleration of the maturity of the Obligations or (ii) termination of the obligations of the Lenders to make Syndicated Loans hereunder as a result of any Default (other than any Default as described in Section 7.6 or 7.77.7 with respect to any Borrower) and before any judgment or decree for the payment of the Obligations due shall have been obtained or entered, the Required Lenders (Lenders, in their sole discretion) , shall so directdirect the Administrative Agent, then the Administrative Agent shall, by notice to the BorrowerBorrowers, rescind and annul such acceleration and/or termination.