Common use of Action if Bankruptcy, etc Clause in Contracts

Action if Bankruptcy, etc. If any Event of Default described in clauses (a) through (d) of Section 8.1.9 shall occur, the Commitments (if not theretofore terminated) shall automatically terminate and the outstanding principal amount of all outstanding Loans and all other Obligations (including Reimbursement Obligations) shall automatically be and become immediately due and payable, without notice or demand and the Borrower shall automatically and immediately be obligated to deposit with the Administrative Agent cash collateral in an amount equal to the undrawn amount of all Letters of Credit outstanding.

Appears in 6 contracts

Samples: Credit Agreement (Duane Reade Realty Inc), Credit Agreement (Dri I Inc), Credit Agreement (Duane Reade Inc)

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Action if Bankruptcy, etc. If any Event of Default described in clauses (ab), (c) through and (d) of Section 8.1.9 shall occuroccur with respect to any Obligor (other than Subsidiaries that are not Material Subsidiaries), the Commitments (if not theretofore terminated) shall automatically terminate and the outstanding principal amount of all outstanding Loans and all other Obligations (including Reimbursement Obligations) shall automatically be and become immediately due and payable, without notice or demand and the Borrower shall automatically and immediately be obligated to deposit with the Administrative Agent cash collateral in an amount equal to the undrawn amount of all Letters Letter of Credit outstandingOutstandings.

Appears in 5 contracts

Samples: Lender Consent Letter (Merrill Corp), Credit Agreement (Charles River Laboratories International Inc), Credit Agreement (Charles River Laboratories Holdings Inc)

Action if Bankruptcy, etc. If any Event of Default described in clauses (a) through (d) of Section 8.1.9 9.1.9 shall occuroccur with respect to the Borrower, any Subsidiary or any other Obligor, the Commitments (if not theretofore terminated) shall automatically terminate and the outstanding principal amount of all outstanding Loans and all other Obligations (including Reimbursement Obligations) shall automatically be and become immediately due and payable, without notice or demand and the Borrower shall automatically and immediately be obligated to deposit with the Administrative Agent cash collateral in an amount equal to the undrawn amount of all Letters of Credit outstandingdemand.

Appears in 4 contracts

Samples: Amendment Agreement (Weight Watchers International Inc), Credit Agreement (Weight Watchers International Inc), Credit Agreement (Weight Watchers International Inc)

Action if Bankruptcy, etc. If any Event of Default described in clauses (ab), (c) through and (d) of Section 8.1.9 shall occur, occur with respect to any Obligor (other than immaterial Subsidiaries) the Commitments (if not theretofore terminated) shall automatically terminate and the outstanding principal amount of all outstanding Loans and all other Obligations (including Reimbursement Obligations) shall automatically be and become immediately due and payable, without notice or demand and the Borrower shall automatically and immediately be obligated to deposit with the Administrative Agent cash collateral in an amount equal to the undrawn amount of all Letters of Credit outstandingdemand.

Appears in 3 contracts

Samples: Credit Agreement (Brand Scaffold Services Inc), Credit Agreement (Brand Scaffold Services Inc), Credit Agreement (Brand Scaffold Services Inc)

Action if Bankruptcy, etc. If any Event of Default described in clauses (ab), (c) through and (d) of Section 8.1.9 shall occur, occur with respect to any Obligor (other than immaterial Subsidiaries) the Commitments (if not theretofore terminated) shall automatically terminate and the outstanding principal amount of all outstanding Loans and all other Obligations (including Reimbursement Obligations) shall automatically be and become immediately due and payable, without notice or demand and the Borrower shall automatically and immediately be obligated to deposit with the Administrative Agent cash collateral in an amount equal to the undrawn amount of all Letters Letter of Credit outstandingOutstandings.

Appears in 2 contracts

Samples: Credit Agreement (Decisionone Corp /De), Credit Agreement (Decisionone Corp /De)

Action if Bankruptcy, etc. If any Event of Default described in clauses (ab), (c) through and (d) of Section 8.1.9 shall occur, occur with respect to any Obligor (other than Immaterial Subsidiaries) the Commitments (if not theretofore terminated) shall automatically terminate and the outstanding principal amount of all outstanding Loans and all other Obligations (including Reimbursement Obligations) shall automatically be and become immediately due and payable, without notice or demand and the Borrower Company shall automatically and immediately be obligated to deposit with the Administrative Agent cash collateral in an amount equal to the undrawn amount of all Letters Letter of Credit outstandingOutstandings.

Appears in 1 contract

Samples: Credit Agreement (Thermadyne Holdings Corp /De)

Action if Bankruptcy, etc. If any Event of Default described in clauses (ab), (c) through and (d) of Section 8.1.9 shall occur, the Commitments (if not theretofore terminated) shall automatically terminate and the outstanding principal amount of all outstanding Loans and all other Obligations (including Reimbursement Obligations) shall automatically be and become immediately due and payable, without notice or demand and the Borrower Company shall automatically and immediately be obligated to deposit with the Administrative Agent cash collateral in an amount equal to the undrawn amount of all Letters Letter of Credit outstandingOutstandings.

Appears in 1 contract

Samples: Credit Agreement (Formica Corp)

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Action if Bankruptcy, etc. If any Event of Default described in clauses (ab), (c) through and (d) of Section 8.1.9 shall occuroccur with respect to any Obligor (other than Subsidiaries that are not Material Subsidiaries), the Commitments (if not theretofore terminated) shall automatically terminate and the outstanding principal amount of all outstanding Loans and all other Obligations (including Reimbursement Obligations) shall automatically be and become immediately due and payable, without notice or demand and the Borrower shall automatically and immediately be obligated to deposit with the Administrative Agent cash collateral in an amount equal to the undrawn amount of Cash Collateralize all Letters Letter of Credit outstandingOutstandings.

Appears in 1 contract

Samples: Credit Agreement (Advanstar Communications Inc)

Action if Bankruptcy, etc. If any Event of Default described in clauses (ab), (c) through and (d) of Section 8.1.9 shall occuroccur with respect to any Obligor (other than Subsidiaries that are not Material Subsidiaries), the Commitments (if not theretofore terminated) shall automatically terminate and the outstanding principal amount of all outstanding Loans and all other Obligations (including Reimbursement Obligations) shall automatically be and become immediately due and payable, without notice or demand and the each Borrower shall automatically and immediately be obligated to deposit with the Administrative Agent cash collateral in an amount equal to the undrawn amount of all Letters of Credit outstanding.Cash Collateralize all

Appears in 1 contract

Samples: Credit Agreement (Insilco Technologies Inc)

Action if Bankruptcy, etc. If any Event of Default described in clauses (ab), (c) through and (d) of Section 8.1.9 shall occuroccur with respect to any Obligor, the Commitments (if not theretofore terminated) shall automatically terminate and the outstanding principal amount of all outstanding Loans and all other Obligations (including Reimbursement Obligations) shall automatically be and become immediately due and payable, without notice or demand and the Borrower Company shall automatically and immediately be obligated to deposit with the Administrative Agent cash collateral in an amount equal to the undrawn amount of all Letters Letter of Credit outstandingOutstandings.

Appears in 1 contract

Samples: Credit Agreement (Formica Corp)

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