Common use of Action if Other Event of Default Clause in Contracts

Action if Other Event of Default. If any Event of Default (other than any Event of Default described in clauses (ii) to (v) of Clause 10.1(e) (Bankruptcy, Insolvency, etc.) with respect to the Borrower) shall occur for any reason, whether voluntary or involuntary, and be continuing, the Facility Agent, upon the direction of the Required Lenders, shall by notice to the Borrower declare the outstanding principal amount of the Loan and all other Obligations to be immediately due and payable and/or the Commitments (if not theretofore terminated) to be terminated, whereupon the full unpaid amount of the Loan and all other Obligations shall be and become immediately due and payable, without further notice, demand or presentment.

Appears in 6 contracts

Samples: Subordination Agreement (Royal Caribbean Cruises LTD), Facility Agreement (Royal Caribbean Cruises LTD), Facility Agreement (Royal Caribbean Cruises LTD)

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Action if Other Event of Default. If any Event of Default (other than any Event of Default described in clauses (ii) to (v) of Clause 10.1(eSection 7.01(i) (Bankruptcy, Insolvency, etc.other than clause (i) thereof) with respect to the BorrowerHoldco or Borrowers) shall occur for any reason, whether voluntary or involuntary, and be continuing, the Facility Administrative Agent, upon the direction of the Required Requisite Lenders, shall by written notice to the Borrower and each Lender declare all or any portion of the outstanding principal amount of the Loan Loans and all other Obligations to be immediately due and payable and/or the Commitments (if not theretofore terminated) to be terminated, whereupon the full unpaid amount of the Loan such Loans and all other Obligations which shall be so declared due and payable shall be and become immediately due and payable, without further notice, demand or presentmentpresentment and the Commitments shall terminate.

Appears in 4 contracts

Samples: Security Agreement (Emdeon Inc.), Security Agreement (Emdeon Inc.), Security Agreement (Emdeon Inc.)

Action if Other Event of Default. If any Event of Default (other than any Event of Default described in clauses (ii) to (viv) of Clause 10.1(e) (Bankruptcy, Insolvency, etc.) with respect to the Borrower) shall occur for any reason, whether voluntary or involuntary, and be continuing, the Facility Agent, upon the direction of the Required Lenders, shall by notice to the Borrower declare the outstanding principal amount of the Loan and all other Obligations to be immediately due and payable and/or the Commitments (if not theretofore terminated) to be terminated, whereupon the full unpaid amount of the Loan and all other Obligations shall be and become immediately due and payable, without further notice, demand or presentment.

Appears in 3 contracts

Samples: Facility Agreement (Royal Caribbean Cruises LTD), Facility Agreement (Royal Caribbean Cruises LTD), Facility Agreement (Royal Caribbean Cruises LTD)

Action if Other Event of Default. If any Event of Default (other than any Event of Default described in clauses (iia) to through (vd) of Clause 10.1(e) (Bankruptcy, Insolvency, etc.) Section 8.1.9 with respect to the BorrowerBorrower or any Subsidiary or any other Obligor) shall occur for any reason, whether voluntary or involuntary, and be continuing, the Facility Administrative Agent, upon the direction of the Required Lenders, shall by notice to the Borrower declare all or any portion of the outstanding principal amount of the Loan Loans and all other Obligations to be immediately due and payable and/or the Commitments (if not theretofore terminated) to be terminated, whereupon the full unpaid amount of the Loan such Loans and all other Obligations which shall be so declared due and payable shall be and become immediately due and payable, without further notice, demand or presentment, and/or, as the case may be, the Commitments shall terminate.

Appears in 3 contracts

Samples: Credit Agreement (W-H Energy Services Inc), Credit Agreement (W-H Energy Services Inc), Credit Agreement (W-H Energy Services Inc)

Action if Other Event of Default. If any Event of Default (other than any Event of Default described in clauses (iia) to through (vd) of Clause 10.1(e) (Bankruptcy, Insolvency, etc.) Section 8.1.8 with respect to the BorrowerBorrower or any Subsidiary or any other Obligor) shall occur for any reason, whether voluntary or involuntary, and be continuing, the Facility Agent, upon the direction of the Required Lenders, shall Administrative Agent may by notice to the Borrower declare all or any portion of the outstanding principal amount of the Loan Loans and all other Obligations to be immediately due and payable without further notice, demand or presentment, and/or the Commitments (if not theretofore terminated) to be terminated, whereupon the full unpaid amount of the Loan such Loans and all other Obligations which shall be so declared due and payable shall be and become immediately due and payable, without further notice, demand or presentment, and/or, as the case may be, the Commitments shall terminate.

Appears in 2 contracts

Samples: Credit Agreement (National Energy Group Inc), Credit Agreement (American Real Estate Holdings L P)

Action if Other Event of Default. If any Event of Default (other than any Event of Default described in clauses (iii) to through (viv) of Clause 10.1(e) (Bankruptcy, Insolvency, etc.Section 11.01(h) with respect to the Borrower) shall occur for any reason, whether voluntary or involuntary, and be continuing, the Facility Administrative Agent, upon the direction of the Required Lenders, shall by notice to the Borrower declare all or any portion of the outstanding principal amount of the Loan Loans and all other Obligations to be immediately due and payable and/or the Commitments (if not theretofore terminated) to be terminated, whereupon the full unpaid amount of the Loan such Loans and all other Obligations which shall be so declared due and payable shall be and become immediately due and payable, without further notice, demand or presentment, and/or, as the case may be, the Commitments shall terminate.

Appears in 2 contracts

Samples: Credit Agreement (Brookfield Infrastructure Partners L.P.), Credit Agreement (Brookfield Infrastructure Partners L.P.)

Action if Other Event of Default. If any Event of Default (other than any Event of Default described in clauses (iii) to through (viv) of Clause 10.1(e) (Bankruptcy, Insolvency, etc.) with respect to the BorrowerSection 9.1(h)) shall occur for any reason, whether voluntary or involuntary, and be continuing, the Facility AgentAdministrative Agent may, upon and shall at the written direction of the Administrative Agent or the Required Lenders, shall by notice to the Borrower declare all or any portion of the outstanding principal amount of the Loan Loans and all other Obligations to be immediately due and payable and/or and the Commitments (if not theretofore terminated) to be terminated, whereupon the full unpaid amount of the Loan Loans and all other Obligations which shall be so declared due and payable shall be and become immediately due and payable, without further notice, demand or presentment, and the Commitments shall terminate.

Appears in 2 contracts

Samples: Credit Agreement (Acutus Medical, Inc.), Pledge and Security Agreement (Acutus Medical, Inc.)

Action if Other Event of Default. If any Event of Default (other than any Event of Default described in clauses (iia) to through (vd) of Clause 10.1(e) (Bankruptcy, Insolvency, etc.) Section 9.1.9 with respect to the BorrowerBorrower or any Significant Subsidiary or any other Obligor) shall occur for any reason, whether voluntary or involuntary, and be continuing, the Facility Agent, upon the direction of the Required Lenders, shall by notice to the Borrower declare all or any portion of the outstanding principal amount of the Loan Loans and all other Obligations to be immediately due and payable and/or the Commitments (if not theretofore terminated) to be terminated, whereupon the full unpaid amount of the Loan such Loans and all other Obligations which shall be so declared due and payable shall be and become immediately due and payable, without further notice, demand or presentment, and/or, as the case may be, the Commitments shall terminate.

Appears in 1 contract

Samples: Bridge Credit Agreement (Calpine Corp)

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Action if Other Event of Default. If any Event of Default (other than any Event of Default described in clauses (iia) to through (vd) of Clause 10.1(e) (Bankruptcy, Insolvency, etc.) Section 8.1.8 with respect to the Borrowerany Borrower or any Significant Subsidiary or any other Obligor) shall occur for any reason, whether voluntary or involuntary, and be continuing, the Facility Agent, upon the direction of the Required Lenders, shall by notice to the Borrower Bairnco declare all or any portion of the outstanding principal amount of the Loan Loans and all other Obligations obligations to be immediately due and payable and/or the Commitments (if not theretofore terminated) to be terminated, whereupon the full unpaid amount of the Loan such Loans and all other Obligations which shall be so declared due and payable shall be and become immediately due and payable, without further notice, demand or presentment, and/or, as the case may be, the Commitments shall terminate.

Appears in 1 contract

Samples: Credit Agreement (Bairnco Corp /De/)

Action if Other Event of Default. If any Event of Default (other than any Event of Default described in clauses (iii) to through (viv) of Clause 10.1(e) (Bankruptcy, Insolvency, etc.Section 11.01(h) with respect to the a Borrower) shall occur for any reason, whether voluntary or involuntary, and be continuing, the Facility Administrative Agent, upon the direction of the Required Lenders, shall by notice to the Borrower Borrowers declare all or any portion of the outstanding principal amount of the Loan Loans and all other Obligations to be immediately due and payable and/or the Commitments (if not theretofore terminated) to be terminated, whereupon the full unpaid amount of the Loan such Loans and all other Obligations which shall be so declared due and payable shall be and become immediately due and payable, without further notice, demand or presentment, and/or, as the case may be, the Commitments shall terminate.

Appears in 1 contract

Samples: Credit Agreement (Brookfield Infrastructure Partners L.P.)

Action if Other Event of Default. If any Event of Default (other than any Event of Default described in clauses (iia) to through (vd) of Clause 10.1(e) (Bankruptcy, Insolvency, etc.) Section 8.1.9 with respect to the Borrower) shall occur for any reason, whether voluntary or involuntary, and be continuing, the Facility Administrative Agent, upon the direction of the Required Lenders, shall by notice to the Borrower declare all or any portion of the outstanding principal amount of the Loan Loans and all other Obligations (including Reimbursement Obligations) to be immediately due and payable and/or the Commitments (if not theretofore terminated) to be terminated, whereupon the full unpaid amount of the Loan such Loans and all other Obligations which shall be and become immediately due and payable, without further notice, demand or presentment.so

Appears in 1 contract

Samples: Credit Agreement (Reddy Ice Holdings Inc)

Action if Other Event of Default. 112 If any Event of Default (other than any Event of Default described in clauses (ii) to (v) of Clause 10.1(e) (Bankruptcy, Insolvency, etc.) with respect to the Borrower) shall occur for any reason, whether voluntary or involuntary, and be continuing, the Facility Agent, upon the direction of the Required Lenders, shall by notice to the Borrower declare the outstanding principal amount of the Loan and all other Obligations to be immediately due and payable and/or the Commitments (if not theretofore terminated) to be terminated, whereupon the full unpaid amount of the Loan and all other Obligations shall be and become immediately due and payable, without further notice, demand or presentment.

Appears in 1 contract

Samples: Subordination Agreement (Royal Caribbean Cruises LTD)

Action if Other Event of Default. If any Event of Default (other than any Event of Default described in clauses (iii) to through (v) of Clause 10.1(e) (Bankruptcy, Insolvency, etc.) with respect to the BorrowerSection 7.01(i)) shall occur for any reason, whether voluntary or involuntary, and be continuing, the Facility Administrative Agent, upon the direction of the Required Requisite First Lien Lenders, shall by written notice to the Borrower and each Lender declare all or any portion of the outstanding principal amount of the Loan Loans and all other Obligations to be immediately due and payable and/or the Commitments (if not theretofore terminated) to be terminated, whereupon the full unpaid amount of the Loan such Loans and all other Obligations which shall be so declared due and payable shall be and become immediately due and payable, without further notice, demand or presentmentpresentment and/or, as the case may be, the Commitments shall terminate.

Appears in 1 contract

Samples: Credit Agreement (Constar International Inc)

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