Common use of Automatic Acceleration of Maturity Clause in Contracts

Automatic Acceleration of Maturity. If any Event of Default pursuant to Section 7.1(g) shall occur, (a) the obligation of each Lender and the Issuing Lender to make Credit Extensions shall immediately and automatically be terminated and all Advances, all interest on the Advances, and all other amounts payable under this Agreement shall immediately and automatically become and be due and payable in full, without presentment, demand, protest or any notice of any kind (including, without limitation, any notice of intent to accelerate or notice of acceleration), all of which are hereby expressly waived by the Borrower, (b) the Borrower shall, on demand of the Administrative Agent at the request or with the consent of the Majority Lenders, deposit with the Administrative Agent into the Cash Collateral Account an amount of cash equal to 105% of the outstanding Letter of Credit Exposure as security for the Secured Obligations to the extent the Letter of Credit Obligations are not otherwise paid or Cash Collateralized at such time, and (c) the Administrative Agent shall at the request of, or may with the consent of, the Majority Lenders proceed to enforce its rights and remedies under the Security Documents, the Guaranty, or any other Credit Document by appropriate proceedings.

Automatic Acceleration of Maturity. If any Event of Default pursuant to Section 7.1(g) shall occur, (a) the obligation of each Lender to make Advances and the obligation of the Issuing Lender Lenders to make issue Letters of Credit Extensions shall immediately and automatically be terminated and all Advances, all interest on the Advances, and all other amounts payable under this Agreement Obligations shall immediately and automatically become and be due and payable in full, without presentment, demand, protest or any notice of any kind (including, without limitation, any notice of intent to accelerate or notice of acceleration), all of which are hereby expressly waived by each of the BorrowerCredit Parties, (b) the Borrower shall, on demand of the Administrative Agent at the request or with the consent of the Majority Lenders, deposit with the Administrative Agent into the Cash Collateral Account an amount of cash equal to 105103% of the Dollar Equivalent of the outstanding Letter of Credit Exposure as security for the Secured Obligations to the extent the Letter of Credit Obligations are not otherwise paid or Cash Collateralized cash collateralized at such time, and (c) the Administrative Agent shall at the request of, or may with the consent of, the Majority Lenders proceed to enforce its rights and remedies under the Security Documents, the GuarantyGuaranties, or any other Credit Document for the ratable benefit of the Secured Parties by appropriate proceedings.

Automatic Acceleration of Maturity. If any Event of Default pursuant to Section 7.1(g) shall occur, (a) the obligation of each Lender and the Issuing Lender to make Credit Extensions shall immediately and automatically be terminated and all Advances, all interest on the Advances, and all other amounts payable under this Agreement shall immediately and automatically become and be due and payable in full, without presentment, demand, protest or any notice of any kind (including, without limitation, any notice of intent to accelerate or notice of acceleration), all of which are hereby expressly waived by the Borrower, (b) the Borrower shall, on demand of the Administrative Agent at the request or with the consent of the Majority Lenders, deposit with the Administrative Agent into the Cash Collateral Account an amount of cash equal to 105104% of the outstanding Letter of Credit Exposure as security for the Secured Obligations to the extent the Letter of Credit Obligations are not otherwise paid or Cash Collateralized at such time, and (c) the Administrative Agent shall at the request of, or may with the consent of, the Majority Lenders proceed to enforce its rights and remedies under the Security Documents, the Guaranty, or any other Credit Document by appropriate proceedings.

Automatic Acceleration of Maturity. If any Event of Default pursuant to Section 7.1(g) shall occur, (a) the obligation of each Lender to make Advances and the obligation of the Issuing Lender Lenders to make issue Letters of Credit Extensions shall immediately and automatically be terminated and all Advances, all interest on the Advances, and all other amounts payable under this Agreement Obligations shall immediately and automatically become and be due and payable in full, without presentment, demand, protest or any notice of any kind (including, without limitation, any notice of intent to accelerate or notice of acceleration), all of which are hereby expressly waived by each of the BorrowerCredit Parties, (b) the Borrower shall, on demand of the Administrative Agent at the request or with the consent of the Majority Lenders, deposit with the Administrative Agent into the Cash Collateral Account an amount of cash equal to 105104% of the Dollar Equivalent of the outstanding Letter of Credit Exposure as security for the Secured Obligations to the extent the Letter of Credit Obligations are not otherwise paid or Cash Collateralized cash collateralized at such time, and (c) the Administrative Agent shall at the request of, or may with the consent of, the Majority Lenders proceed to enforce its rights and remedies under the Security Documents, the GuarantyGuaranties, or any other Credit Document for the ratable benefit of the Secured Parties by appropriate proceedings.

Automatic Acceleration of Maturity. If any Event of Default pursuant to Section 7.1(g) shall occur, (a) the obligation of each Lender and the Issuing Lender to make Credit Extensions shall immediately and automatically be terminated and all Advances, all interest on the Advances, and all other amounts payable under this Agreement shall immediately and automatically become and be due and payable in full, without presentment, demand, protest or any notice of any kind (including, without limitation, any notice of intent to accelerate or notice of acceleration), all of which are hereby expressly waived by the Borrower, (b) the Borrower shall, on demand of the Administrative Agent at the request or with the consent of the Revolving Majority Lenders, deposit with the Administrative Agent into the Cash Collateral Account an amount of cash equal to 105103% of the outstanding Letter of Credit Exposure as security for the Secured Obligations to the extent the Letter of Credit Obligations are not otherwise paid or Cash Collateralized at such time, and (c) the Administrative Agent shall at the request of, or may with the consent of, the Majority Lenders proceed to enforce its rights and remedies under the Security Documents, the GuarantyGuaranties, or any other Credit Document by appropriate proceedings.

Automatic Acceleration of Maturity. If any Event of Default pursuant to Section 7.1(g7.1(f) shall occur, (a) the obligation of each Lender to make Advances and the obligation of the Issuing Lender to make issue Letters of Credit Extensions shall immediately and automatically be terminated and all the Advances, all interest on the Advances, and all other amounts payable under this Agreement shall immediately and automatically become and be due and payable in full, without presentment, demand, protest or any notice of any kind (including, without limitation, including any notice of intent to accelerate or notice of acceleration), all of which are hereby expressly waived by the Borrower, (b) the Borrower shall, on demand of the Administrative Agent at the request or with the consent of the Majority Lenders, deposit with the Administrative Agent into the Cash Collateral Account an amount of cash equal to 105103% of the outstanding Letter of Credit Exposure as security for the Secured Obligations to the extent the Letter of Credit Obligations are not otherwise paid or Cash Collateralized cash collateralized at such time, and (c) the Administrative Agent shall at the request of, or may with the consent of, the Majority Lenders proceed to enforce its rights and remedies under the Security Documents, the Guaranty, Subsidiary Guaranty or any other Credit Document for the ratable benefit of the Lender Parties by appropriate proceedings.

Automatic Acceleration of Maturity. If any Event of Default pursuant to paragraph (e) of Section 7.1(g) 7.01 shall occur, (a) the obligation of each Lender Bank to make Advances and the obligation of the Issuing Lender Bank to make issue, increase, or extend Letters of Credit Extensions shall immediately and automatically be terminated and all Advancesthe Notes, the Swing Note, all interest on the AdvancesNotes and the Swing Note, all Reimbursement Obligations, and all other amounts payable under this Agreement shall immediately and automatically become and be due and payable in full, without presentment, demand, protest or any notice of any kind (including, without limitation, any notice of intent to accelerate or notice of acceleration), all of which are hereby expressly waived by the Borrower,; (b) the Borrower shall, on demand of the Administrative Agent at the request or with the consent of the Majority Lenders, shall deposit with the Administrative Agent into the Cash Collateral Account an amount of cash equal to 105% of the outstanding Letter of Credit Exposure as security for the Secured Obligations to the extent the Letter of Credit Reimbursement Obligations are not otherwise paid or Cash Collateralized at such time, ; and (c) the Administrative Agent shall at the request of, or may with the consent of, the Majority Lenders Banks proceed to enforce its rights and remedies under the Security Documents, the GuarantyGuaranties, or 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 Section 7.1(g) shall occur, (a) the obligation of each Lender and the each Issuing Lender to make Credit Extensions shall immediately and automatically be terminated and all AdvancesLoans, all interest on the AdvancesLoans, and all other amounts payable under this Agreement shall immediately and automatically become and be due and payable in full, without presentment, demand, protest or any notice of any kind (including, without limitation, any notice of intent to accelerate or notice of acceleration), all of which are hereby expressly waived by the Borrower, (b) the Borrower shall, on demand of the Administrative Agent at the request or with the consent of the Majority Required Lenders, deposit with the Administrative Agent into the Cash Collateral Account an amount of cash equal to 105% of the outstanding Letter of Credit LC Exposure as security for the Secured Obligations to the extent the Letter of Credit Obligations are not otherwise paid or Cash Collateralized at such time, and (c) the Administrative Agent shall at the request of, or may with the consent of, the Majority Required Lenders proceed to enforce its rights and remedies under the Security Documents, the GuarantyGuaranties, or any other Credit Loan Document by appropriate proceedings.