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Common use of Bankruptcy Defaults Clause in Contracts

Bankruptcy Defaults. When any Event of Default described in subsections (j) or (k) of Section 9.1 hereof has occurred and is continuing, then all outstanding Loans shall immediately become due and payable together with all other amounts payable under the Loan Documents without presentment, demand, protest or notice of any kind.

Appears in 5 contracts

Samples: Credit Agreement (Alpine Income Property Trust, Inc.), Credit Agreement (CTO Realty Growth, Inc.), Credit Agreement (Alpine Income Property Trust, Inc.)

Bankruptcy Defaults. When any Event of Default described in subsections (j) or (k) of Section 9.1 hereof has occurred and is continuing, then all outstanding Loans shall immediately become due and payable together with all other amounts payable under the Loan Documents without presentment, demand, protest or notice of any kind, the obligation of the Lenders to extend further credit pursuant to any of the terms hereof shall immediately terminate and the Borrower shall immediately pay to the Administrative Agent the full amount then available for drawing under all outstanding Letters of Credit.

Appears in 2 contracts

Samples: Credit Agreement (Alpine Income Property Trust, Inc.), Credit Agreement (CTO Realty Growth, Inc.)

Bankruptcy Defaults. When any Event of Default described in subsections (ji) or (kj) of Section 9.1 8.1 hereof has occurred and is continuing, then all outstanding Loans shall immediately become due and payable together with all other amounts payable under the Loan Documents without presentment, demand, protest or notice of any kind, the obligation of the Lenders to extend further credit pursuant to any of the terms hereof shall immediately terminate.

Appears in 2 contracts

Samples: 364 Day Credit Agreement (Hewitt Associates Inc), 364 Day Credit Agreement (Hewitt Associates Inc)

Bankruptcy Defaults. When any Event of Default described in subsections (j) or (k) of Section 9.1 hereof has occurred and is continuing, then all outstanding Loans shall immediately become due and payable together with all other amounts payable under the Loan Documents without presentment, demand, protest or notice of any kindkind and any obligation of the Lenders to extend further credit pursuant to any unfunded Incremental Term Loan shall immediately terminate.

Appears in 2 contracts

Samples: Credit Agreement (Alpine Income Property Trust, Inc.), Credit Agreement (Alpine Income Property Trust, Inc.)

Bankruptcy Defaults. When any Event of Default described in subsections (jSection 8.1(f) or (kg) of Section 9.1 hereof has occurred and is continuingcontinuing with respect to the Parent, the Borrower or a Material Guarantor, then all outstanding Loans shall immediately become due and payable together with all other accrued amounts payable under the Loan Credit Documents without presentment, demand, protest or notice of any kind, each of which is expressly waived by the Borrower.

Appears in 2 contracts

Samples: Senior Secured Term Loan Agreement (Paragon Offshore PLC), Senior Secured Term Loan Agreement (Paragon Offshore Ltd.)

Bankruptcy Defaults. When any Event of Default described in subsections (j) or (k) of Section 9.1 hereof with respect to the Borrower has occurred and is continuing, then all outstanding Loans shall immediately become due and payable together with all other amounts payable under the Loan Documents without presentment, demand, protest or notice of any kindkind and the obligation of the Lenders to extend further credit pursuant to any of the terms hereof shall immediately terminate.

Appears in 2 contracts

Samples: Credit Agreement (Intl Fcstone Inc.), Credit Agreement (International Assets Holding Corp)

Bankruptcy Defaults. When any Event of Default described in subsections subsection (j) or (k) of Section 9.1 7.1 hereof has occurred and is continuing, then all outstanding Loans shall immediately become due and payable together with all other amounts payable under the Loan Documents without presentment, demand, protest or notice of any kind, the Term Loan Commitments and any and all other obligations of the Lenders to extend further credit pursuant to any of the terms hereof shall immediately terminate.

Appears in 2 contracts

Samples: Loan Agreement (Western Digital Corp), Loan Agreement (Western Digital Corp)

Bankruptcy Defaults. When any Event of Default described in subsections (jSection 8.1(j) or (k) of Section 9.1 hereof with respect to Borrower has occurred and is continuing, then all outstanding Loans Loans, including both interest and principal thereon, shall immediately become due and payable together with all other amounts payable under the Loan Documents without presentment, demand, protest or notice of any kind, the obligation of the Lenders to extend further credit pursuant to any of the terms hereof shall immediately terminate.

Appears in 2 contracts

Samples: Credit Agreement (BIO-TECHNE Corp), Credit Agreement (BIO-TECHNE Corp)

Bankruptcy Defaults. When any Event of Default described in subsections (j) or (k) of Section 9.1 hereof has occurred and is continuing, then all outstanding Loans shall immediately become due and payable together with all other amounts payable under the Loan Documents without presentment, demand, protest or notice of any kind, the obligation of the Lenders to extend further credit pursuant to any of the terms hereof shall immediately terminate.

Appears in 2 contracts

Samples: Delayed Draw Term Loan Credit Agreement (Penford Corp), Second Lien Credit Agreement (Excelligence Learning Corp)

Bankruptcy Defaults. When any Event of Default described in subsections (j) or (k) of Section 9.1 hereof has occurred and is continuing7.1 exists, then all outstanding Loans Obligations shall immediately and automatically become due and payable together with all other amounts payable under the Loan Documents without presentment, demand, protest or notice of any kindkind (each of which is hereby waived by the Borrower), the Commitments and all other obligations of the Lenders to extend further credit pursuant to any of the terms hereof shall immediately and automatically terminate.

Appears in 2 contracts

Samples: Credit Agreement (American Railcar Industries, Inc.), Credit Agreement (American Railcar Industries, Inc.)

Bankruptcy Defaults. When any Event of Default described in subsections (j) or (k) of Section 9.1 hereof has occurred and is continuing, then all outstanding Loans shall immediately become due and payable together with all other amounts payable under the Loan Documents without presentment, demand, protest or notice of any kind.. ​

Appears in 1 contract

Samples: Credit Agreement (CTO Realty Growth, Inc.)

Bankruptcy Defaults. When any Event of Default described in subsections (j) or (k) of Section 9.1 7.1 hereof has occurred and is continuing, then all outstanding Loans shall immediately become due and payable together with all other amounts payable under the Loan Documents without presentment, demand, protest or notice of any kind.

Appears in 1 contract

Samples: Credit Agreement (Champion Industries Inc)

Bankruptcy Defaults. When any Event of Default described in subsections (j) or (k) of Section 9.1 hereof has occurred and is continuing, then all outstanding Loans shall immediately become due and payable together with all other amounts payable under the Loan Documents without presentment, demand, protest or notice of any kind, the obligation of the Lenders to extend further credit pursuant to any of the terms hereof shall immediately terminate ​ and the Borrower shall immediately pay to the Administrative Agent the full amount then available for drawing under all outstanding Letters of Credit.

Appears in 1 contract

Samples: Credit Agreement (Alpine Income Property Trust, Inc.)

Bankruptcy Defaults. When any Event of Default described in subsections (jSection 8.1(g) or (kh) of Section 9.1 hereof has occurred and is continuingcontinuing with respect to the Borrower, then all outstanding Loans shall immediately become due and payable together with all other accrued amounts payable under the Loan Credit Documents without presentment, demand, protest or notice of any kind, each of which is expressly waived by the Borrower; and all Commitments of the Lenders hereunder shall immediately terminate.

Appears in 1 contract

Samples: Secured Loan Agreement (Transocean Sedco Forex Inc)

Bankruptcy Defaults. When any Event of Default described in subsections (jf) or (kg) of Section 9.1 hereof 7.1 has occurred and is continuingcontinuing with respect to any Credit Party, then all outstanding Loans shall immediately become due and payable together with all other accrued amounts payable under the Loan Credit Documents without presentment, demand, protest or notice of any kind, each of which is expressly waived by the Borrower.

Appears in 1 contract

Samples: Short Term Loan Agreement (Noble Corp)

Bankruptcy Defaults. When any Event of Default described in subsections (j) or (k) of Section 9.1 hereof with respect to a Borrower has occurred and is continuing, then all outstanding Loans shall immediately become due and payable together with all other amounts payable under the Loan Documents without presentment, demand, protest or notice of any kind, the obligation of the Lenders to extend further credit pursuant to any of the terms hereof shall immediately terminate.

Appears in 1 contract

Samples: Credit Agreement (KCG Holdings, Inc.)

Bankruptcy Defaults. When any Event of Default described in subsections (j) or (k) of Section 9.1 7.1 hereof has occurred and is continuing, then all outstanding Loans shall immediately become due and payable together with all other amounts payable under the Loan Documents without presentment, demand, protest or notice of any kindkind and all obligations of the Lenders hereunder shall be terminated.

Appears in 1 contract

Samples: Bridge Loan Agreement (Western Digital Corp)

Bankruptcy Defaults. When any Event of Default described in subsections (jSection 8.1(j) or (k) of Section 9.1 hereof with respect to Borrower has occurred and is continuing, then all outstanding Loans shall immediately become due and payable the Term Loan together with all other amounts payable under the Loan Documents shall immediately become due and payable without presentment, demand, protest or notice of any kind.

Appears in 1 contract

Samples: Senior Subordinated Credit Agreement (Quadrant 4 System Corp)

Bankruptcy Defaults. When any Event of Default described in subsections (j) or (k) of Section 9.1 hereof has occurred and is continuing7.1 exists, then all outstanding Loans Obligations shall immediately and automatically become due and payable together with all other amounts payable under the Loan Documents without presentment, demand, protest or notice of any kindkind (each of which is hereby waived by the Borrower).

Appears in 1 contract

Samples: Loan Agreement (Limbach Holdings, Inc.)

Bankruptcy Defaults. When any Event of Default described in subsections (jh) or (ki) of Section 9.1 7.1 hereof with respect has occurred and is continuing, then all outstanding Loans shall immediately become due and payable together with all other amounts payable under the Loan Documents without presentment, demand, protest or notice of any kind, the obligation of the Lenders to extend further credit pursuant to any of the terms hereof shall immediately terminate.

Appears in 1 contract

Samples: Loan Agreement (Viola Vincent J)

Bankruptcy Defaults. When any Event of Default described in subsections (jSection 8.1(f) or (kSection 8.1(g) of Section 9.1 hereof has occurred and is continuingcontinuing with respect to the Borrower or any Material Subsidiary, then all outstanding Loans shall immediately become due and payable together with all other accrued amounts payable under the Loan Credit Documents without presentment, demand, protest or notice of any kind, each of which is expressly waived by the Borrower.

Appears in 1 contract

Samples: Senior Secured Term Loan Agreement (Paragon Offshore PLC)

Bankruptcy Defaults. When any Event of Default described in subsections (jSection 8.1(j) or (k) of Section 9.1 hereof with respect to Borrower has occurred and is continuing, then all outstanding Loans shall immediately become due and payable together with all other amounts payable under the Loan Documents shall immediately become due and payable without presentment, demand, protest or notice of any kind, the obligation of Bank to extend further credit pursuant to any of the terms hereof shall immediately.

Appears in 1 contract

Samples: Credit Agreement (Air T Inc)

Bankruptcy Defaults. When any Event of Default described in subsections (j) or (k) of Section 9.1 7.1 hereof has occurred and is continuing, then all outstanding Loans shall immediately and automatically become due and payable together with all other amounts payable under the Loan Documents without presentment, demand, protest or notice of any kindkind which are hereby waived by the Borrower, the obligation of the Lenders to extend further credit pursuant to any of the terms hereof shall immediately and automatically terminate, and the Commitments shall immediately and automatically terminate.

Appears in 1 contract

Samples: Term Loan Agreement (Cliffs Natural Resources Inc.)

Bankruptcy Defaults. When any Event of Default described in subsections (jSection 8.1(j) or (k) of Section 9.1 hereof with respect to Borrower has occurred and is continuing, then all outstanding Loans shall immediately become due and payable together with all other amounts payable under the Loan Documents without presentment, demand, protest or notice of any kind, the obligation of the Lenders to extend further credit pursuant to any of the terms hereof shall immediately terminate.

Appears in 1 contract

Samples: Credit Agreement (Techne Corp /Mn/)

Bankruptcy Defaults. When any Event of Default described in subsections (j) or (k) of Section 9.1 hereof has occurred and is continuing, then all outstanding Loans shall immediately become due and payable together with all other amounts payable under the Loan Documents without presentment, demand, protest or notice of any kind, the obligation of the Lenders to extend further credit pursuant to any of the terms hereof shall immediately terminate ​ ​ ​ and the Borrower shall immediately pay to the Administrative Agent the full amount then available for drawing under all outstanding Letters of Credit.

Appears in 1 contract

Samples: Second Amended and Restated Credit Agreement (CTO Realty Growth, Inc.)

Bankruptcy Defaults. When any Event of Default described in subsections (j) or (k) of Section 9.1 hereof has occurred and is continuing, then all outstanding Revolving Loans shall immediately become due and payable together with all other amounts payable under the Loan Documents without presentment, demand, protest or notice of any kind, the obligation of the Lenders to extend further credit pursuant to any of the terms hereof shall immediately terminate.

Appears in 1 contract

Samples: Credit Agreement (Trade Street Residential, Inc.)