Common use of Action if Bankruptcy Clause in Contracts

Action if Bankruptcy. If any Event of Default described in Section 7.1(f) shall occur, the outstanding principal amount of the Loan and all other Obligations shall automatically be and become immediately due and payable, without notice or demand to any Person.

Appears in 3 contracts

Samples: Loan Agreement (SoftBank Group Capital LTD), Loan Agreement (SoftBank Group Capital LTD), Loan Agreement (SoftBank Group Capital LTD)

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Action if Bankruptcy. If any Event of Default described in clauses (a) through (d) of Section 7.1(f) 9.1.9 shall occur, the outstanding principal amount of the Loan all outstanding Loans and all other Obligations shall automatically be and become immediately due and payable, without notice or demand to any Persondemand.

Appears in 2 contracts

Samples: Credit Agreement (Pogo Producing Co), Credit Agreement (Pogo Producing Co)

Action if Bankruptcy. If any Event of Default described in clauses (a) through (d) of Section 7.1(f) 8.1.12 shall occuroccur with respect to the Borrower or any other Obligor, the outstanding principal amount of the Loan all outstanding Loans and all other Obligations shall automatically be and become immediately due and payable, without notice or demand to any Persondemand.

Appears in 2 contracts

Samples: Credit Agreement (Metrocall Inc), Credit Agreement (Metrocall Inc)

Action if Bankruptcy. If any Event of Default described in clauses (a) through (d) of Section 7.1(f) 8.1.8 with respect to a Borrower shall occur, the outstanding principal amount of the Loan all outstanding Loans and all other Obligations shall automatically be and become immediately due and payable, without notice or demand to any Person.

Appears in 2 contracts

Samples: Lien Credit Agreement (Standard Register Co), First Lien Credit Agreement (Standard Register Co)

Action if Bankruptcy. If any Event of Default described in Section 7.1(f9.1(h) with respect to any Credit Party or any of its Subsidiaries shall occur, and the outstanding principal amount of the Loan Loans and all other Obligations shall automatically be and become immediately due and payable, without notice notice, demand or demand presentment to or on any Person.

Appears in 2 contracts

Samples: Credit Agreement and Guaranty (Adma Biologics, Inc.), Credit Agreement and Guaranty (Adma Biologics, Inc.)

Action if Bankruptcy. If any Event of Default described in Section 7.1(f7.1(c) shall occur, the outstanding principal amount of the Loan all outstanding Loans and all other Obligations shall automatically be and become immediately due and payablepayable and all further obligations on the part of the Lender to provide Loans shall terminate, all without notice notice, demand, presentment or demand to other action of any Personkind.

Appears in 2 contracts

Samples: Credit Agreement (Pc Ephone Inc), Credit Agreement (Pc Ephone Inc)

Action if Bankruptcy. If any Event of Default described in clauses (a) through (d) of Section 7.1(f) 8.1.9 with respect to the Borrower shall occur, the outstanding principal amount of the Loan all outstanding Loans and all other Obligations shall automatically be and become immediately due and payable, without notice or demand to any Person.

Appears in 2 contracts

Samples: Credit Agreement (Energy Xxi (Bermuda) LTD), Credit Agreement (Energy Xxi (Bermuda) LTD)

Action if Bankruptcy. If any Event of Default described in clauses (a) through (d) of Section 7.1(f) 6.1.8 shall occur, all of the outstanding principal amount of the Loan and all other Obligations shall automatically be and become immediately due and payable, without notice or demand to any Persondemand.

Appears in 1 contract

Samples: Loan Agreement (Nastech Pharmaceutical Co Inc)

Action if Bankruptcy. If any Event of Default described in subsection (d) of Section 7.1(f) 7.1.4 shall occur, the outstanding principal amount of the Loan all outstanding Loans and all other Obligations shall automatically be and become immediately due and payablepayable and all Commitments shall automatically be terminated, in either case without notice notice, demand or demand to any Personpresentment.

Appears in 1 contract

Samples: Credit Agreement (Headway Corporate Resources Inc)

Action if Bankruptcy. If any Event of Default described in clauses (a) through (d) of Section 7.1(f) 8.1.9 shall occur, the outstanding principal amount of the Loan all outstanding Second-Lien Loans and all other monetary Obligations shall automatically be and become immediately due and payablepayable jointly and severally by the Borrowers, without notice or demand to any Person.

Appears in 1 contract

Samples: Credit Agreement (WRC Media Inc)

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Action if Bankruptcy. If any Event of Default described in clauses (a) through (d) of Section 7.1(f) 9.1.9 shall occuroccur with respect to the Borrower, the outstanding principal amount of the Loan all outstanding Loans and all other Obligations shall automatically be and become immediately due and payable, without notice or demand to any Persondemand.

Appears in 1 contract

Samples: Credit Agreement (Pogo Producing Co)

Action if Bankruptcy. If any Event of Default described in clauses (a) through (d) of Section 7.1(f) 8.1.9 with respect to the Borrower shall occur, the outstanding principal amount of the Loan all outstanding Term Loans and all other Obligations shall automatically be and become immediately due and payable, without notice or demand to any Person.

Appears in 1 contract

Samples: Credit and Guarantee Agreement (Municipal Mortgage & Equity LLC)

Action if Bankruptcy. If any Event of Default described in Section 7.1(f7.01(i) shall occur, the outstanding principal amount of the Loan all outstanding Loans and all other Obligations shall automatically be and become immediately due and payable, without notice or demand to any Persondemand, all of which are hereby waived by Borrower.

Appears in 1 contract

Samples: Senior Subordinated Credit Agreement (Lifepoint Hospitals, Inc.)

Action if Bankruptcy. If any Event of Default described in subsection (d) of Section 7.1(f) 6.1.4 shall occur, the outstanding principal amount of the Loan all outstanding Loans and all other Obligations shall automatically be and become immediately due and payablepayable without notice, without notice demand or demand to any Personpresentment.

Appears in 1 contract

Samples: Credit Agreement (J Bird Music Group LTD)

Action if Bankruptcy. If any Event of Default described in clause (d) of Section 7.1(f) 7.1.4 shall occur, the outstanding principal amount of the Loan all outstanding Loans and all other Obligations shall automatically be and become immediately due and payablepayable and all Commitments shall automatically be terminated, in either case without notice notice, demand or demand to any Personpresentment.

Appears in 1 contract

Samples: Credit Agreement (Internationale Nederlanden Capital Corp)

Action if Bankruptcy. If any Event of Default described in Section 7.1(f8.1(g) with respect to Borrower shall occur, the outstanding principal amount of the Loan all outstanding Loans and all other Obligations obligations hereunder shall automatically be and become immediately due and payable, without demand, protest or presentment or notice or demand of any kind, all of which are hereby expressly waived by the Borrower. Without limiting the foregoing, the Agents and the Lenders shall be entitled to exercise any Personand all other remedies available to them under the Loan Documents and applicable law.

Appears in 1 contract

Samples: Credit Agreement (Brown Tom Inc /De)

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