Common use of Actions following an Event of Default Clause in Contracts

Actions following an Event of Default. On, or at any time after, the occurrence of an Event of Default: (a) the Lender may: (i) serve on the Borrower a notice stating that the obligations of the Lender to the Borrower under this Agreement are terminated; and/or (ii) serve on the Borrower a notice stating that the Loan, all accrued interest and all other amounts accrued or owing under this Agreement are immediately due and payable or are due and payable on demand; and/or (iii) take any other action which, as a result of the Event of Default or any notice served under paragraph (i) or (ii) above, the Lender is entitled to take under any Finance Document or any applicable law; and/or (b) the Lender may take any action which, as a result of the Event of Default or any notice served under paragraph (a) (i) or (ii) above, the Lender is entitled to take under any Finance Document or any applicable law.

Actions following an Event of Default. On, or at any time after, the occurrence of an Event of Default: (a) the Lender may: (i) serve on the Borrower a notice stating that the all obligations of the Lender to the Borrower under this Agreement are terminated; and/or (ii) serve on the Borrower a notice stating that the Loan, all accrued interest and all other amounts accrued or owing under this Agreement are immediately due and payable or are due and payable on demand; and/or (iii) take any other action which, as a result of the Event of Default or any notice served under paragraph (i) or (ii) above), the Lender is entitled to take under any Finance Document or any applicable law; and/or (b) the Lender may take any action which, as a result of the Event of Default or any notice served under paragraph (a) (i) or (ii) above), the Lender is entitled to take under any Finance Document or any applicable law.

Actions following an Event of Default. On, or at any time after, the occurrence of an Event of Default: (a) the Lender mayshall: (i) serve on the Borrower a notice stating that all or part of the Commitments and of the other obligations of the Lender to the Borrower under this Agreement are terminatedcancelled; and/or and/or (ii) serve on the Borrower a notice stating that all or part of the Loan, all Loan together with accrued interest and all other amounts accrued or owing under this Agreement are immediately due and payable or are due and payable on demand; and/or and/or (iii) take any other action which, as a result of the Event of Default or any notice served under paragraph (i) or (ii) above), the Lender is entitled to take under any Finance Document or any applicable law; and/or (b) the Lender may shall take any action which, as a result of the Event of Default or any notice served under paragraph (a) (ia)(i) or (ii) abovea)(ii), the Lender is entitled to take under any Finance Document or any applicable law.

Actions following an Event of Default. On, or at any time after, the occurrence of an Event of Default: (a) the Lender may: (i) serve on the Borrower Borrowers a notice stating that the Commitment and all other obligations of the Lender to the Borrower Borrowers under this Agreement are terminated; and/or (ii) serve on the Borrower Borrowers a notice stating that the Loan, all accrued interest and all other amounts accrued or owing under this Agreement are immediately due and payable or are due and payable on demand; and/or (iii) serve on the Borrowers a notice declaring that an Event of Default has occurred and reserving all rights of the Lender under this Agreement and all the Finance Documents; and/or (iv) take any other action which, as a result of the Event of Default or any notice served under paragraph (i) or (ii) above, the Lender is entitled to take under any Finance Document or any applicable law; and/or (b) the Lender may take any action which, as a result of the Event of Default or any notice served under paragraph (a) (i) or (ii) above, the Lender is entitled to take under any Finance Document or any applicable law.