Common use of Automatic Acceleration of Maturity Clause in Contracts

Automatic Acceleration of Maturity. If any Event of Default pursuant to paragraph (e) of Section 7.1 shall occur, (i) the obligation of each Bank and the Issuing Bank to make extensions of credit hereunder, including making Advances and issuing Letters of Credit, shall terminate, and (ii) all principal, interest, fees, reimbursements, indemnifications, and all other amounts payable under this Agreement, the Notes, and the other Credit Documents shall become and be forthwith due and payable in full, without notice of intent to demand, demand, presentment for payment, notice of nonpayment, protest, notice of protest, grace, notice of dishonor, notice of intent to accelerate, notice of acceleration, and all other notices, all of which are hereby expressly waived by the Borrower; (b) the Borrower shall deposit with the Agent into the Cash Collateral Account an amount of cash equal to the outstanding Letter of Credit Exposure as security for the Obligations; and (c) the Agent shall at the request of, or may with the consent of, the Majority Banks proceed to enforce its rights and remedies under the Guaranties and any other Credit Document for the ratable benefit of the Banks by appropriate proceedings.

Automatic Acceleration of Maturity. If any Event of Default pursuant to paragraph Section 7.01(g) or (eh) of Section 7.1 shall occur,: (i) the Revolving Commitments and the obligation of each Bank Revolving Lender and the Issuing Bank to make extensions of credit hereunder, including making Advances Loans and issuing Letters of Credit, shall terminate, and (ii) all principal, interest, fees, reimbursements, indemnifications, and all other amounts payable under this Agreement, the Notes, Agreement and the other Credit Loan Documents shall become and be forthwith due and payable in full, without notice of intent to demand, demand, presentment for payment, notice of nonpayment, protest, notice of protest, grace, notice of dishonor, notice of intent to accelerate, notice of acceleration, and all other notices, all of which are hereby expressly waived by the BorrowerBorrowers; (b) the Borrower Borrowers shall deposit with Cash Collateralize the Agent into the Cash Collateral Account an amount of cash equal to the outstanding Letter Letters of Credit Exposure as security for the Obligationsin accordance with Section 2.21(k); and (c) the Agent Collateral Agents shall at the request of, or may with the consent of, the Majority Banks Required Lenders proceed to enforce its rights and remedies under the Guaranties Security Documents, this Agreement, and any other Credit Loan Document for the ratable benefit of the Banks Lenders by appropriate proceedings.

Automatic Acceleration of Maturity. If any Event of Default pursuant to paragraph (e) of Section 7.1 7.01 shall occur, (i) the obligation of each Bank and the Issuing Bank to make extensions of credit hereunder, including making Advances and issuing Letters of Credit, shall terminate, and (ii) all principal, interest, fees, reimbursements, indemnifications, and all other amounts payable under this Agreement, the Notes, and the other Credit Documents shall become and be forthwith due and payable in full, without notice of intent to demand, demand, presentment for payment, notice of nonpayment, protest, notice of protest, grace, notice of dishonor, notice of intent to accelerate, notice of acceleration, and all other notices, all of which are hereby expressly waived by the Borrower; (b) the Borrower shall deposit with the Agent into the Cash Collateral Account an amount of cash equal to the outstanding Letter of Credit Exposure as security for the Obligations; and (c) the Agent shall at the request of, or may with the consent of, the Majority Banks proceed to enforce its rights and remedies under the Guaranties Security Documents, the Guaranties, and any other Credit Document for the ratable benefit of the Banks by appropriate proceedings.

Automatic Acceleration of Maturity. If any Event of Default pursuant to paragraph (e) of Section 7.1 7.01 shall occur, (i) the obligation of each Bank and the Issuing Bank to make extensions of credit hereunder, including making Advances and issuing Letters of Credit, shall terminate, immediately and automatically be terminated and (ii) all principal, interest, fees, reimbursements, indemnifications, and all other amounts payable under this Agreement, the Notes, and the other Credit Documents shall immediately and automatically become and be forthwith due and payable in full, without presentment, demand, protest or any notice of any kind (including, without limitation, any notice of intent to demand, demand, presentment for payment, notice of nonpayment, protest, notice of protest, grace, notice of dishonor, notice of intent to accelerate, accelerate or notice of acceleration, and all other notices), all of which are hereby expressly waived by the Borrower;; and (b) the Borrower shall deposit with the Administrative Agent into the Cash Collateral Account an amount of cash equal to the outstanding Letter of Credit Exposure as security for the Obligations; and (c) the Administrative Agent shall at the request of, or and may with the consent of, of the Majority Banks proceed to enforce its rights and remedies under the Security Documents, the Guaranties and any other Credit Document for the ratable benefit of the Banks by appropriate proceedings.

Automatic Acceleration of Maturity. If any Event of Default pursuant to paragraph (e) of Section 7.1 7.01 shall occur, (a) (i) the Commitments and the obligation of each Bank Lender and the Issuing Bank Lender to make extensions of credit hereunder, including making Advances and issuing Letters of Credit, shall terminate, and (ii) all principal, interest, fees, reimbursements, indemnifications, and all other amounts payable under this Agreement, the Notes, and the other Credit Loan Documents shall become and be forthwith due and payable in full, without notice of intent to demand, demand, presentment for payment, notice of nonpayment, protest, notice of protest, grace, notice of dishonor, notice of intent to accelerate, notice of acceleration, and all other notices, all of which are hereby expressly waived by the Borrower; (b) the Borrower shall deposit with the Agent into the Cash Collateral Account an amount of cash equal to Collateralize the outstanding Letter of Credit Exposure as security for the Obligations; and (c) the Administrative Agent shall at the request of, or may with the consent of, the Majority Banks Lenders proceed to enforce its rights and remedies under the Guaranties Security Instruments, this Agreement, and any other Credit Loan Document for the ratable benefit of the Banks Lenders by appropriate proceedings.

Automatic Acceleration of Maturity. If any Event of Default pursuant to paragraph (e) of Section 7.1 7.01 shall occur, (i) the obligation of each Bank and the each Issuing Bank to make extensions of credit hereunder, including making Advances and issuing Letters of Credit, shall terminate, immediately and automatically be terminated and (ii) all principal, interest, fees, reimbursements, indemnifications, and all other amounts payable under this Agreement, the Notes, and the other Credit Documents shall immediately and automatically become and be forthwith due and payable in full, without presentment, demand, protest or any notice of any kind (including, without limitation, any notice of intent to demand, demand, presentment for payment, notice of nonpayment, protest, notice of protest, grace, notice of dishonor, notice of intent to accelerate, accelerate or notice of acceleration, and all other notices), all of which are hereby expressly waived by the Borrower; (b) the Borrower shall deposit with the Administrative Agent into the Cash Collateral Account an such amount of cash as the Administrative Agent may request, up to a maximum amount equal to the outstanding Letter of Credit Exposure as security for the Obligations; and (c) the Administrative Agent shall at the request of, or and may with the consent of, of the Majority Banks proceed to enforce its rights and remedies under the Security Documents, the Guaranties and any other Credit Document for the ratable benefit of the Banks by appropriate proceedings.

Automatic Acceleration of Maturity. If any Event of Default pursuant to paragraph Section 7.01(g) or (eh) of Section 7.1 shall occur,: (i) the Revolving Commitments and the obligation of each Bank Revolving Lender and the Issuing Bank to make extensions of credit hereunder, including making Advances Loans and issuing Letters of Credit, shall terminate, and (ii) all principal, interest, fees, reimbursements, indemnifications, and all other amounts payable under this Agreement, the Notes, Agreement and the other Credit Loan Documents shall become and be forthwith due and payable in full, without notice of intent to demand, demand, presentment for payment, notice of nonpayment, protest, notice of protest, grace, notice of dishonor, notice of intent to accelerate, notice of acceleration, and all other notices, all of which are hereby expressly waived by the Borrower;Borrowers; -153- (b) the Borrower Borrowers shall deposit with Cash Collateralize the Agent into the Cash Collateral Account an amount of cash equal to the outstanding Letter Letters of Credit Exposure as security for the Obligationsin accordance with Section 2.21(k); and (c) the Agent Collateral Agents shall at the request of, or may with the consent of, the Majority Banks Required Lenders proceed to enforce its rights and remedies under the Guaranties Security Documents, this Agreement, and any other Credit Loan Document for the ratable benefit of the Banks Lenders by appropriate proceedings.

Automatic Acceleration of Maturity. If any Event of Default pursuant to paragraph (e) of Section 7.1 7.01 shall occur, (i) the obligation of each Bank and the each Issuing Bank to make extensions of credit hereunder, including making Advances and issuing Letters of Credit, shall terminate, immediately and automatically be terminated and (ii) all principal, interest, fees, reimbursements, indemnifications, and all other amounts payable under this Agreement, the Notes, and the other Credit Documents shall immediately and automatically become and be forthwith due and payable in full, without presentment, demand, protest or any notice of any kind (including, without limitation, any notice of intent to demand, demand, presentment for payment, notice of nonpayment, protest, notice of protest, grace, notice of dishonor, notice of intent to accelerate, accelerate or notice of acceleration, and all other notices), all of which are hereby expressly waived by the Borrower;; and (b) the Borrower shall deposit with the Administrative Agent into the Cash Collateral Account an such amount of cash as the Administrative Agent may request, up to a maximum amount equal to the outstanding Letter of Credit Exposure as security for the Obligations; and (c) the Administrative Agent shall at the request of, or and may with the consent of, of the Majority Banks proceed to enforce its rights and remedies under the Security Documents, the Guaranties and any other Credit Document for the ratable benefit of the Banks by appropriate proceedings.

Automatic Acceleration of Maturity. If any Event of Default pursuant to paragraph (e) of Section 7.1 7.01 shall occur, (i) the obligation of each Bank Lender and the Issuing Bank Lender to make extensions of credit hereunder, including making Advances and issuing Letters of Credit, shall terminate, and (ii) all principal, interest, fees, reimbursements, indemnifications, and all other amounts payable under this Agreement, the Notes, and the other Credit Loan Documents shall become and be forthwith due and payable in full, without notice of intent to demand, demand, presentment for payment, notice of nonpayment, protest, notice of protest, grace, notice of dishonor, notice of intent to accelerate, notice of acceleration, and all other notices, all of which are hereby expressly waived by the Borrower; (b) the Borrower shall deposit with the Administrative Agent into the Cash Collateral Account an amount of cash equal to the outstanding Letter of Credit Exposure as security for the Obligations; and (c) the Administrative Agent shall at the request of, or may with the consent of, the Majority Banks Lenders proceed to enforce its rights and remedies under the Guaranties Security Instruments, the Guaranties, and any other Credit Loan Document for the ratable benefit of the Banks Lenders by appropriate proceedings.