Common use of Action in Event of Default Clause in Contracts

Action in Event of Default. Upon any Event of Default specified in clause (i) or (ii) of Section 8.1(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 and (b) if any other Event of Default under Section 8.1 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 Company 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. Except as expressly provided above in this Section 8.3, presentment, demand, protest and all other notices of any kind are hereby expressly waived by the Borrower.

Action in Event of Default. Upon any Event of Default specified in (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 and (b) if any other Event of Default under Section 8.1 or Section 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 Company 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. Except as expressly provided above in this Section 8.3, presentment, demand, protest and all other notices of any kind are hereby expressly waived by the BorrowerBorrowers.

Action in Event of Default. Upon any Event of Default specified in clause (i) or (ii) of Section 8.1(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 and (b) if any other Event of Default under Section 8.1 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 Company 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. Except as expressly provided above in this Section 8.38.2, presentment, demand, protest and all other notices of any kind are hereby expressly waived by the Borrower.

Action in Event of Default. Upon any Event of Default specified in (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 and (b) if any other Event of Default under Section 8.1 or Section 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 Company 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. Except as expressly provided above in this Section 8.3, presentment, demand, protest and all other notices of any kind are hereby expressly waived by the BorrowerBorrowersBorrower.

Action in Event of Default. (a) Upon any Event of Default specified in clause (i) or (ii) of Section 8.1(f10.1(f), the Commitments Term Loan Commitment shall immediately terminate automatically and the Loans Term Loan (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 10.1 occurs, with the consent of the Required Lenders, then the Administrative Agent may, or upon at the request of the Required Lenders, the Administrative Agent Lenders shall, take any or all of the following actions for so long as such Event of Default is continuing: (i) by written notice to the Company Borrower, declare the Loans Term Loan (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, (ii) the Administrative Agent may enforce on any Guarantee. Except as expressly provided above in this Section 8.310.2, presentment, demand, protest and all other notices of any kind are hereby expressly waived by the Borrower. NYDOCS02/1076196.

Action in Event of Default. (a) Upon any Event of Default specified in clause (i) or (ii) of Section 8.1(f10.1(f), the Commitments Term Loan Commitment shall immediately terminate automatically and the Loans Term Loan (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 10.1 occurs, with the consent of the Required Lenders, then the Administrative Agent may, or upon at the request of the Required Lenders, the Administrative Agent Lenders shall, take any or all of the following actions for so long as such Event of Default is continuing: (i) by written notice to the Company Borrower, declare the Loans Term Loan (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, (ii) the Administrative Agent may enforce on any Guarantee. Except as expressly provided above in this Section 8.310.2, presentment, demand, protest and all other notices of any kind are hereby expressly waived by the Borrower.. NYDOCS02/1076196.5 53