We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Common use of Bankruptcy Defaults Clause in Contracts

Bankruptcy Defaults. When any Event of Default described in subsection (j) or (k) of Section 8.1 has occurred and is continuing, then the Note, including both principal and interest, and all fees, charges and other Obligations payable hereunder, shall immediately become due and payable without presentment, demand, protest or notice of any kind, and the obligation of the Bank to extend further credit pursuant to any of the terms hereof shall immediately terminate. In addition, the Bank may exercise any and all remedies available to it under the Loan Documents or applicable law.

Appears in 5 contracts

Samples: Credit Agreement (Oil-Dri Corp of America), Credit Agreement (Oil-Dri Corp of America), Credit Agreement (Oil-Dri Corp of America)

Bankruptcy Defaults. When any Event of Default described in subsection (j) or (k) of Section 8.1 9.1 with respect to the Borrower has occurred and is continuing, then the Note, including both principal and interest, and all fees, charges and other Obligations payable hereunderhereunder and under the other Loan Documents, shall immediately become due and payable without presentment, demand, protest or notice of any kind, and the obligation of the Bank to extend further credit pursuant to any of the terms hereof shall immediately terminate. In addition, the Bank may exercise any and all remedies available to it under the Loan Documents or applicable law.

Appears in 5 contracts

Samples: Credit Agreement (Siebert Financial Corp), Credit Agreement (Diamond Management & Technology Consultants, Inc.), Credit Agreement (Accretive Health, Inc.)

Bankruptcy Defaults. When any Event of Default described in subsection (j) or (k) of Section 8.1 9.1 has occurred and is continuing, then the Note, including both principal and interest, and all fees, charges and other Obligations payable hereunderhereunder and under the other Loan Documents, shall immediately become due and payable without presentment, demand, protest or notice of any kind, and the obligation of the Bank to extend further credit pursuant to any of the terms hereof shall immediately terminate. In addition, the Bank may exercise any and all remedies available to it under the Loan Documents or applicable law.

Appears in 3 contracts

Samples: Credit Agreement (Hub Group Inc), Credit Agreement (Primus Guaranty LTD), Credit Agreement (Newport Corp)

Bankruptcy Defaults. When any Event of Default described in subsection (j) or (k) of Section 8.1 9.1 has occurred and is continuing, then the NoteNotes, including both principal and interest, and all fees, charges and other Obligations payable hereunderhereunder and under the other Loan Documents, shall immediately become due and payable without presentment, demand, protest or notice of any kind, and the obligation obligations of the Bank Lenders to extend further credit pursuant to any of the terms hereof shall immediately terminate. In addition, the Bank Agent may exercise any and all remedies available to it under the Loan Documents or applicable law.

Appears in 3 contracts

Samples: Long Term Multicurrency Credit Agreement (Anicom Inc), Credit Agreement (Anicom Inc), Short Term Credit Agreement (Anicom Inc)

Bankruptcy Defaults. When any Event of Default described in subsection (j) or (k) of Section 8.1 has occurred and is continuing, then the Note, including both principal and interest, and all fees, charges and other Obligations payable hereunderhereunder and under the other Loan Documents, shall immediately become due and payable without presentment, demand, protest or notice of any kind, and the obligation of the Bank to extend further credit pursuant to any of the terms hereof shall immediately terminate. In addition, the Bank may exercise any and all remedies available to it under the Loan Documents or applicable law.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Newport Corp), Credit Agreement (Newport Corp), Revolving Credit Agreement (Newport Corp)

Bankruptcy Defaults. When any Event of Default described in subsection (jn) or (ko) of Section 8.1 9.1 has occurred and is continuing, then the Revolving Credit Note, including both principal and interest, and all fees, charges and other Obligations payable hereunderhereunder and under the other Loan Documents, shall immediately become due and payable without presentment, demand, protest or notice of any kind, and the obligation of the Bank to extend further credit pursuant to any of the terms hereof shall immediately terminate. In addition, the Bank may exercise any and all remedies available to it under the Loan Documents or applicable law.

Appears in 1 contract

Samples: Credit Agreement (Kaneb Services LLC)

Bankruptcy Defaults. When any Event of Default described in subsection (j) or (k) of Section 8.1 9.1 with respect to either Borrower has occurred and is continuing, then the Note, including both principal and interest, and all fees, charges and other Obligations payable hereunderhereunder and under the other Loan Documents, shall immediately become due and payable without presentment, demand, protest or notice of any kind, and the obligation of the Bank to extend further credit pursuant to any of the terms hereof shall immediately terminate. In addition, the Bank may exercise any and all remedies available to it under the Loan Documents or applicable law.

Appears in 1 contract

Samples: Credit Agreement (Hub Group Inc)

Bankruptcy Defaults. When any Event of Default described in subsection (jm) or (kn) of Section 8.1 9.1 has occurred and is continuing, then the Revolving Credit Note, including both principal and interest, and all fees, charges and other Obligations payable hereunderhereunder and under the other Loan Documents, shall immediately become due and payable without presentment, demand, protest or notice of any kind, and the obligation of the Bank to extend further credit pursuant to any of the terms hereof shall immediately terminate. In addition, the Bank may exercise any and all remedies available to it under the Loan Documents or applicable law.

Appears in 1 contract

Samples: Credit Agreement (JPS Packaging Co)

Bankruptcy Defaults. When any Event of Default described in subsection (jp) or (kq) of Section 8.1 9.1 has occurred and is continuing, then the Revolving Credit Note, including both principal and interest, and all fees, charges and other Obligations payable hereunderhereunder and under the other Loan Documents, shall immediately become due and payable without presentment, demand, protest or notice of any kind, and the obligation of the Bank to extend further credit pursuant to any of the terms hereof shall immediately terminate. In addition, the Bank may exercise any and all remedies available to it under the Loan Documents or applicable law.

Appears in 1 contract

Samples: Credit Agreement (QMS Inc)