Common use of Automatic Acceleration Clause in Contracts

Automatic Acceleration. If an Event of Default described in paragraph (10) of Schedule 15 (Events of Default) occurs, or upon the entry of an order for relief in a voluntary or involuntary bankruptcy of any Borrower that is also a US Obligor, all amounts drawn by that Borrower under this Agreement will be immediately and automatically due and payable and the Total Commitments (to the extent they relate to such amounts) will, if not already cancelled under this Agreement, be immediately and automatically cancelled.