Common use of Automatic Acceleration of Maturity Clause in Contracts

Automatic Acceleration of Maturity. If any Event of Default pursuant to Section 7.01(e) shall occur, (i) the obligation of each Lender and the Issuing Lender to make extensions of credit hereunder, including making Advances and issuing, increasing or extending 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 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 into the Cash Collateral Account an amount of cash equal to the Minimum Collateral Amount as security for the Secured Obligations; and (c) the Administrative Agent may, and shall at the request of the Majority Lenders, proceed to enforce its rights and remedies under the Security Instruments, the Guaranty, and any other Loan Document for the ratable benefit of the Secured Parties by appropriate proceedings.

Automatic Acceleration of Maturity. If any Event of Default pursuant to Section 7.01(e7.01(g) or (h) shall occur,: (a) (i) the Revolving Commitments and the obligation of each Revolving Lender and the Issuing Lender Bank to make extensions of credit hereunder, including making Advances Loans and issuing, increasing or extending 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 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; (b) the Borrower Borrowers shall deposit into Cash Collateralize the Cash Collateral Account an amount Letters of cash equal to the Minimum Collateral Amount as security for the Secured ObligationsCredit in accordance with Section 2.21(k); and and (c) the Administrative Agent may, and Collateral Agents shall at the request of of, or may with the Majority Lendersconsent of, the Required Lenders proceed to enforce its rights and remedies under the Security InstrumentsDocuments, the Guarantythis Agreement, and any other Loan Document for the ratable benefit of the Secured Parties Lenders by appropriate proceedings.

Automatic Acceleration of Maturity. If any Event of Default pursuant to paragraph (e) of Section 7.01(e) 7.01 shall occur, (i) the obligation of each Lender Bank and the Issuing Lender Bank to make extensions of credit hereunder, including making Revolving Advances and issuing, increasing or extending 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 Loan 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 Minimum Collateral Amount outstanding Letter of Credit Exposure as security for the Secured Obligations; and (c) the Administrative Agent may, and shall at the request of of, or may with the consent of, the Majority Lenders, Banks proceed to enforce its rights and remedies under the Security InstrumentsDocuments, the GuarantyGuaranties, and any other Loan Credit Document for the ratable benefit of the Secured Parties Banks by appropriate proceedings.

Automatic Acceleration of Maturity. If any Event of Default pursuant to Section 7.01(e7.1(e) shall occur, (i) the obligation of each Lender and the Issuing Lender to make extensions of credit hereunder, including making Advances and issuing, increasing or extending 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 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 Administrative Agent into the Cash Collateral Account an amount of cash equal to the Minimum Collateral Amount outstanding Letter of Credit Exposure as security for the Secured Obligations; and (c) the Administrative Agent may, and shall at the request of of, or may with the Majority Lendersconsent of, the Required Lenders proceed to enforce its rights and remedies under the Security Instruments, the GuarantyGuaranties, and any other Loan Document for the ratable benefit of the Secured Parties by appropriate proceedings.

Automatic Acceleration of Maturity. If any Event of Default pursuant to paragraph (e) of Section 7.01(e) 7.01 shall occur, (a) (i) the obligation of each Lender and the each Issuing Lender Bank to make extensions of credit hereunder, including making Advances and issuing, increasing or extending 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 Loan 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 Minimum Collateral Amount Letter of Credit Exposure as security for the Secured Obligations; and (c) the Administrative Agent may, and shall at the request and may with the consent of the Majority Lenders, Lenders proceed to enforce its rights and remedies under the Security InstrumentsDocuments (if any), the Guaranty, Guaranty and any other Loan Credit Document for the ratable benefit of the Secured Parties Lenders and Affiliates of Lenders (with respect to Banking Services) and counterparties to Lender Hedging Agreements (with respect to Lender Hedging Agreements) by appropriate proceedings.

Automatic Acceleration of Maturity. If any Event of Default pursuant to clause (e) of Section 7.01(e) 7.1 shall occur, (a) (i) the obligation of each Lender Bank and the Issuing Lender Bank to make extensions of credit hereunder, including making Advances and issuing, increasing or extending 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 Loan 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 Minimum Collateral Amount outstanding Letter of Credit Exposure as security for the Secured Obligations; and (c) the Administrative Agent may, and shall at the request of of, or may with the consent of, the Majority Lenders, Banks proceed to enforce its rights and remedies under the Security Instruments, the Guaranty, Guaranties and any other Loan Credit Document for the ratable benefit of the Secured Parties Banks by appropriate proceedings.