Common use of Bankruptcy, Insolvency or Reorganization Proceedings Clause in Contracts

Bankruptcy, Insolvency or Reorganization Proceedings. If an Event of Default specified under Section 9.1.12 [Involuntary Proceedings] or Section 9.1.13 [Voluntary Proceedings] shall occur, no further obligation shall exist on the Lenders to make any Loans or any Issuing Lender to issue any Letters of Credit hereunder, and the unpaid principal amount of the Loans then outstanding and all interest accrued thereon, any unpaid fees and all other Obligations (other than Obligations under Specified Swap Agreements and Other Lender Provided Financial Service Products) shall be immediately due and payable, and the Borrower shall immediately Cash Collateralize all Letter of Credit Obligations comprised of the aggregate undrawn amount of Letters of Credit (to the extent not otherwise Cash Collateralized by the Borrower pursuant to this Agreement), in each case, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived.

Appears in 12 contracts

Samples: Revolving Credit Facility (CNX Resources Corp), Revolving Credit Facility (CNX Resources Corp), Credit Agreement (CONSOL Energy Inc.)

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Bankruptcy, Insolvency or Reorganization Proceedings. If an Event of Default specified under Section 9.1.12 [Involuntary Proceedings] or Section 9.1.13 [Voluntary Proceedings] shall occur, no further obligation shall exist on the Lenders to make any Loans or any Issuing Lender to issue any Letters of Credit hereunder, and the unpaid principal amount of the Loans then outstanding and all interest accrued thereon, any unpaid fees and all other Obligations (other than Obligations under Specified Swap Agreements and Other Lender Provided Financial Service Products) shall be immediately due and payable, and the Borrower shall immediately Cash Collateralize all Letter of Credit Obligations comprised of the aggregate undrawn amount of Letters of Credit (to the extent not otherwise Cash Collateralized by the Borrower pursuant to this Agreement), in each case, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived.; and

Appears in 6 contracts

Samples: Credit Agreement (CNX Resources Corp), Revolving Credit Facility (CNX Coal Resources LP), Revolving Credit Facility (CNX Coal Resources LP)

Bankruptcy, Insolvency or Reorganization Proceedings. If an Event of Default specified under Section 9.1.12 8.01(m) [Involuntary Proceedings] or Section 9.1.13 8.01(n) [Voluntary Proceedings] shall occur, the Commitments shall automatically terminate and be of no further obligation force and effect, the Banks and the Issuing Banks shall exist on the Lenders be under no further obligations to make any Loans Revolving Credit Loans, Bid Loans, or any Issuing Lender to issue any Letters of Credit hereunder, hereunder and the unpaid principal amount of the Loans then outstanding and all interest accrued thereon, any unpaid fees and all other Obligations (other than Obligations under Specified Swap Agreements Indebtedness of the Borrowers to the Banks or the Issuing Bank hereunder and Other Lender Provided Financial Service Products) thereunder shall be immediately due and payable, and the Borrower shall immediately Cash Collateralize all Letter of Credit Obligations comprised of the aggregate undrawn amount of Letters of Credit (to the extent not otherwise Cash Collateralized by the Borrower pursuant to this Agreement), in each case, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived.; and

Appears in 3 contracts

Samples: Credit Agreement (Assured Guaranty LTD), Credit Agreement (Assured Guaranty LTD), Credit Agreement (Assured Guaranty LTD)

Bankruptcy, Insolvency or Reorganization Proceedings. If an Event of Default specified under Section 9.1.12 8.1.14 [Involuntary Proceedings] or Section 9.1.13 8.1.15 [Voluntary Proceedings] shall occur, the Commitments shall automatically terminate and be of no further obligation shall exist on force and effect, the Lenders shall be under no further obligations to make any Revolving Credit Loans or any Issuing Lender to issue any Letters of Credit hereunder, PNC Bank shall be under no obligation to make Swing Loans hereunder and the unpaid principal amount of the Loans then outstanding and all interest accrued thereon, any unpaid fees and all other Obligations (other than Obligations under Specified Swap Agreements Indebtedness of the Borrower to the Lenders hereunder and Other Lender Provided Financial Service Products) thereunder shall be immediately due and payable, and the Borrower shall immediately Cash Collateralize all Letter of Credit Obligations comprised of the aggregate undrawn amount of Letters of Credit (to the extent not otherwise Cash Collateralized by the Borrower pursuant to this Agreement), in each case, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived.; and

Appears in 2 contracts

Samples: Credit Agreement (Covance Inc), Credit Agreement (Covance Inc)

Bankruptcy, Insolvency or Reorganization Proceedings. If an Event of Default specified under Section 9.1.12 9.1.14 [Involuntary Proceedings] or Section 9.1.13 9.1.15 [Voluntary Proceedings] shall occur, the Commitments shall automatically terminate and be of no further force and effect, the Lenders shall be under no further obligations to make Revolving Credit Loans hereunder, PNC Bank shall be under no further obligation shall exist on the Lenders to make any Swing Loans or any Issuing Lender to issue any Letters of Credit hereunder, hereunder and the unpaid principal amount of the Loans then outstanding and all interest accrued thereon, any unpaid fees and all other Obligations (other than Obligations under Specified Swap Agreements Indebtedness of the Borrower to the Lenders hereunder and Other Lender Provided Financial Service Products) thereunder shall be immediately due and payable, and the Borrower shall immediately Cash Collateralize all Letter of Credit Obligations comprised of the aggregate undrawn amount of Letters of Credit (to the extent not otherwise Cash Collateralized by the Borrower pursuant to this Agreement), in each case, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived.; and

Appears in 2 contracts

Samples: Credit Agreement (Covance Inc), Revolving Credit Facility (Covance Inc)

Bankruptcy, Insolvency or Reorganization Proceedings. If Notwithstanding Section 9.2(a), if an Event of Default specified under Section 9.1.12 [Involuntary Proceedings] or Section 9.1.13 [Voluntary Proceedings] 9.1(l) shall occur, the Lenders shall be under no further obligation shall exist on the Lenders obligations to make any Loans or any hereunder and the Issuing Lender shall be under no obligation to issue any issue, extend, renew or increase Letters of Credit hereunderCredit, and the unpaid principal amount of the Loans then outstanding and all interest accrued thereon, any unpaid fees and all other Obligations (other than Obligations under Specified Swap Agreements Indebtedness of the Borrower to the Lenders hereunder and Other Lender Provided Financial Service Products) thereunder automatically shall be immediately due and payable, and the Borrower shall immediately be required to Cash Collateralize all the Letter of Credit Obligations comprised of in an amount not less than the aggregate undrawn amount of Letters of Credit (to the extent not otherwise Cash Collateralized by the Borrower pursuant to this Agreement)Minimum Collateral Amount, in each case, case without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived.

Appears in 2 contracts

Samples: Credit Agreement (Andersons, Inc.), Credit Agreement (Andersons, Inc.)

Bankruptcy, Insolvency or Reorganization Proceedings. If an Event of Default specified under Section 9.1.12 [Involuntary Proceedings] or Section 9.1.13 [Voluntary Relief Proceedings] shall occur, the Lenders shall be under no further obligation shall exist on the Lenders obligations to make any Loans or any hereunder and the Issuing Lender shall be under no obligation to issue any Letters of Credit hereunder, and the unpaid principal amount of the Loans then outstanding and all interest accrued thereon, any unpaid fees and all other Obligations (other than Obligations under Specified Swap Agreements Indebtedness of the Borrowers to the Lenders hereunder and Other Lender Provided Financial Service Products) thereunder shall be automatically and immediately due and payable, and the Borrower shall immediately Cash Collateralize all Letter of Credit Obligations comprised of the aggregate undrawn amount of Letters of Credit (to the extent not otherwise Cash Collateralized by the Borrower pursuant to this Agreement), in each case, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived.waived and the obligation of the Borrowers to provide cash collateral as specified in clause (ii) of Section 9.2.1 [Events of Default Other Than Bankruptcy, Insolvency or Reorganization Proceedings] above shall automatically become effective, in each case without further act of or consent by the Administrative Agent or any Lender; and

Appears in 2 contracts

Samples: Revolving Credit Facility (Stoneridge Inc), Credit Agreement (Stoneridge Inc)

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Bankruptcy, Insolvency or Reorganization Proceedings. If an Event of Default specified under Section 9.1.12 9.1.15 [Involuntary Proceedings] or Section 9.1.13 9.1.16 [Voluntary Proceedings] shall occur, the Lenders and PNC shall be under no further obligation shall exist on the Lenders obligations to make any Loans or any hereunder and the Issuing Lender shall be under no obligation to issue any Letters of Credit hereunder, and the unpaid principal amount of the Loans then outstanding and all interest accrued thereon, any unpaid fees and all other Obligations (other than Obligations under Specified Swap Agreements Indebtedness of the Borrower to the Lenders hereunder and Other Lender Provided Financial Service Products) thereunder shall be immediately due and payable, and the Borrower Borrower’s obligation to deposit cash collateral described in Section 9.2.1[Events of Default Other Than Bankruptcy, Insolvency or Reorganization Proceedings] shall become effective immediately Cash Collateralize all Letter of Credit Obligations comprised of the aggregate undrawn amount of Letters of Credit (to the extent not otherwise Cash Collateralized by the Borrower pursuant to this Agreement), in each case, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived.; and

Appears in 1 contract

Samples: Revolving Credit Facility (CNX Gas Corp)

Bankruptcy, Insolvency or Reorganization Proceedings. If an Event of Default specified under Section 9.1.12 [Involuntary Proceedings] or Section 9.1.13 [Voluntary Proceedings] shall occur, no further obligation shall exist on the Lenders to make any Loans or any Issuing Lender to issue any Letters of Credit hereunder, and the unpaid principal amount of the Loans then outstanding and all interest accrued thereon, the Applicable Prepayment Premium (if any), any unpaid fees and all other Obligations (other than Obligations under Specified Swap Agreements and Other Lender Provided Financial Service Products) shall be immediately due and payable, and the Borrower shall immediately Cash Collateralize all Letter of Credit Obligations comprised of the aggregate undrawn amount of Letters of Credit (to the extent not otherwise Cash Collateralized by the Borrower pursuant to this Agreement), in each case, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived.

Appears in 1 contract

Samples: Credit Agreement (CONSOL Energy Inc.)

Bankruptcy, Insolvency or Reorganization Proceedings. If an Event of Default specified under Section 9.1.12 [Involuntary Proceedings] or Section 9.1.13 [Voluntary Proceedings] shall occur, no further obligation shall exist on the Lenders or PNC to make any Loans or any Issuing Lender to issue any Letters of Credit hereunder, hereunder and the unpaid principal amount of the Loans then outstanding and all interest accrued thereon, any unpaid fees and all other Obligations (other than Obligations under Specified Swap Agreements of the Borrower to the Lenders hereunder and Other Lender Provided Financial Service Products) thereunder shall be immediately due and payable, and the Borrower Borrower’s obligation to deposit cash collateral described in Section 9.2.1 [Events of Default Other Than Bankruptcy, Insolvency or Reorganization Proceedings] shall immediately Cash Collateralize all Letter of Credit Obligations comprised of the aggregate undrawn amount of Letters of Credit (to the extent not otherwise Cash Collateralized by the Borrower pursuant to this Agreement)become effective immediately, in each case, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived.; and

Appears in 1 contract

Samples: Revolving Credit Facility (CONSOL Energy Inc)

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