Common use of Action in Event of Default Clause in Contracts

Action in Event of Default. (a) Upon any Event of Default specified in Section 8.1(g)(i) or (ii), the Commitments shall immediately terminate automatically and the Loans (with accrued interest thereon) and all other Obligations owing under this Agreement and the other Loan Documents shall automatically immediately become due and payable, and (b) if any other Event of Default under Section 8.1 (other than Section 8.1(g)(i) or (ii)) occurs, with the consent of the Required Lenders, the Administrative Agent may, or upon the request of the Required Lenders, the Administrative Agent shall, by notice to the Borrowers, declare the Loans (with accrued interest thereon) and all other Obligations owing under this Agreement and the other Loan Documents to be due and payable forthwith, whereupon the same shall immediately become due and payable. In furtherance of the foregoing, the Administrative Agent may, or upon the request of the Required Lenders the Administrative Agent shall, exercise any and all other remedies available under the Loan Documents at law or in equity, including commencing and prosecuting any suits, actions or proceedings at law or in equity in any court of competent jurisdiction and collecting the Collateral or any portion thereof and enforcing any other right in respect of any Collateral.

Action in Event of Default. (a) Upon any Event of Default specified in Section 8.1(g)(i(x) clause (i) or (ii) of Section 8.1(f) or (y) clause (i) or (ii) of Section 8.2(f), the Commitments shall immediately terminate automatically and the Loans (with accrued interest thereon) and all other Obligations owing under this Agreement and the other Loan Documents shall automatically immediately become due and payable, payable and (b) if any other Event of Default under Section 8.1 (other than or Section 8.1(g)(i) or (ii)) 8.2 occurs, with the consent of the Required Lenders, the Administrative Agent may, or upon the request of the Required Lenders, the Administrative Agent shall, by written notice to the BorrowersCompany Borrower, declare the Loans (with accrued interest thereon) and all other Obligations owing under this Agreement and the other Loan Documents to be due and payable forthwith, whereupon the same shall immediately become due and payable. In furtherance of the foregoingExcept as expressly provided above in this Section 8.3, the Administrative Agent maypresentment, or upon the request of the Required Lenders the Administrative Agent shalldemand, exercise any protest and all other remedies available under the Loan Documents at law or in equity, including commencing and prosecuting any suits, actions or proceedings at law or in equity in any court of competent jurisdiction and collecting the Collateral or any portion thereof and enforcing any other right in respect notices of any Collateralkind are hereby expressly waived by the Borrowers.

Action in Event of Default. (a) Upon any Event of Default specified in Section 8.1(g)(i11.1(f) in respect of the commencement of any case, proceeding or (ii)other action under the laws of the United States, the Commitments shall immediately terminate automatically and the Loans (with accrued interest thereon) and all other Obligations owing under this Agreement and the other Loan Documents shall automatically immediately become due and payablepayable and, and (b) if any other Event of Default under Section 8.1 (other than Section 8.1(g)(i) or (ii)) 11.1 occurs, any or all of the following actions may be taken: (i) with the consent of the Required Lenders, the Administrative Agent may, or upon the request of the Required Lenders, the Administrative Agent shall, by notice to the BorrowersBorrower, declare the Loans (with accrued interest thereon) and all other Obligations owing under this Agreement and the other Loan Documents to be due and payable forthwith, whereupon the same shall immediately become due and payable. In furtherance of the foregoing, ; and (ii) the Administrative Agent mayAgent, or upon in its capacity as Collateral Agent, may enforce all Liens and security interests created pursuant to the request of the Required Lenders the Administrative Agent shallSecurity Documents. Except as expressly provided above in this Section 11.2, exercise any presentment, demand, protest and all other remedies available under the Loan Documents at law or in equity, including commencing and prosecuting any suits, actions or proceedings at law or in equity in any court of competent jurisdiction and collecting the Collateral or any portion thereof and enforcing any other right in respect notices of any Collateralkind are hereby expressly waived by the Borrower.

Action in Event of Default. (a) Upon any Event of Default specified in Section 8.1(g)(i(x) clause (i) or (ii) of Section 8.1(f) or (y) clause (i) or (ii) of Section 8.2(f), the Commitments shall immediately terminate automatically and the Loans (with accrued interest thereon) and all other Obligations owing under this Agreement and the other Loan Documents shall automatically immediately become due and payable, payable and (b) if any other Event of Default under Section 8.1 (other than or Section 8.1(g)(i) or (ii)) 8.2 occurs, with the consent of the Required Lenders, the Administrative Agent may, or upon the request of the Required Lenders, the Administrative Agent shall, by written notice to the BorrowersCompany Borrower, declare the Loans (with accrued interest thereon) and all other Obligations owing under this Agreement and the other Loan Documents to be due and payable forthwith, whereupon the same shall immediately become due and payable. In furtherance of the foregoingExcept as expressly provided above in this Section 8.3, the Administrative Agent maypresentment, or upon the request of the Required Lenders the Administrative Agent shalldemand, exercise any protest and all other remedies available under the Loan Documents at law or in equity, including commencing and prosecuting any suits, actions or proceedings at law or in equity in any court of competent jurisdiction and collecting the Collateral or any portion thereof and enforcing any other right in respect notices of any Collateralkind are hereby expressly waived by the BorrowersBorrower.

Action in Event of Default. (a) Upon the occurrence of any Event of Default, (A) if such event is an Event of Default specified in Section 8.1(g)(iparagraph (g) or (ii)h) above with respect to the Borrower, the Commitments hereunder shall automatically and immediately terminate automatically and the Loans hereunder (with accrued interest thereon) and all other Obligations amounts owing under this Agreement and the other Loan Documents shall automatically immediately become due and payable, and (bB) if such event is any other Event of Default under Section 8.1 (other than Section 8.1(g)(i) or (ii)) occursDefault, then with the consent of the Required Lenders, the Administrative Agent may, or upon the request of the Required Lenders, the Administrative Agent shall, by notice to the BorrowersBorrower, (i) declare the Loans hereunder (with accrued interest thereon) and all other Obligations amounts owing under this Agreement and the other Loan Documents to be due and payable forthwith, whereupon the same shall immediately become due and payable. In furtherance payable and (ii) subject to the terms and conditions of the foregoingany applicable Intercreditor Agreements and any other intercreditor arrangement entered into in connection with this Agreement, the Administrative Agent may, or upon the request of the Required Lenders the Administrative Agent shall, exercise any and all other remedies available under the Loan Documents at law or in equity, including commencing and prosecuting any suits, commence foreclosure actions or proceedings at law or in equity in any court of competent jurisdiction and collecting with respect to the Collateral or any portion thereof in accordance with the terms and enforcing any other right procedures set forth in respect of any Collateralthe Security Documents.