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

Bankruptcy, Insolvency or Reorganization Proceedings. If an Event of Default specified under Sections 8.1.14 or 8.1.15 shall occur, the Lenders shall be under no further obligations to make Loans or issue 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 Indebtedness and Obligations of the Borrowers to the Lenders hereunder and thereunder shall be immediately due and payable, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived; and

Appears in 3 contracts

Samples: Revolving Credit Facility (Glatfelter P H Co), Revolving Credit Facility (Glatfelter P H Co), Revolving Credit Facility (Glatfelter P H Co)

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Bankruptcy, Insolvency or Reorganization Proceedings. If an Event of Default specified under Sections 8.1.14 9.1.14 or 8.1.15 9.1.15 shall occur, the Lenders Banks shall be under no further obligations to make Loans or issue 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 Indebtedness and Obligations of the Borrowers to the Lenders Banks hereunder and thereunder shall be immediately due and payable, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived; and

Appears in 2 contracts

Samples: Credit Agreement (Glatfelter P H Co), Credit Agreement (Glatfelter P H Co)

Bankruptcy, Insolvency or Reorganization Proceedings. If an Event of Default specified under Sections 8.1.14 8.1.15 or 8.1.15 8.1.16 shall occur, the Lenders shall be under no further obligations to make Loans or issue Letters of Credit hereunder and the unpaid principal amount of the Loans then outstanding and all interest accrued thereon, any unpaid fees (including any Make-Whole Amount and prepayment premium) and all other Indebtedness and Obligations of the Borrowers Borrower to the Lenders hereunder and thereunder shall be immediately due and payable, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived; and

Appears in 1 contract

Samples: Term Loan Credit Agreement (Glatfelter Corp)

Bankruptcy, Insolvency or Reorganization Proceedings. If an Event of Default specified under Sections 8.1.14 Section 9.1.8 or 8.1.15 9.1.9 shall occur, the Lenders shall be under no further obligations to make Loans or hereunder and the Issuing Banks shall be under no obligation to issue 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 Indebtedness and Obligations Debt of the Borrowers Borrower to the Lenders hereunder and thereunder shall be immediately due and payable, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived; and

Appears in 1 contract

Samples: Credit Agreement (Cloud Peak Energy Inc.)

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Bankruptcy, Insolvency or Reorganization Proceedings. If an Event of Default specified under Sections 8.1.14 Section 9.1.6 or 8.1.15 9.1.7 shall occur, the Lenders shall be under no further obligations to make Loans or hereunder and the Issuing Lender shall be under no obligation to issue 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 Indebtedness and Obligations of the Borrowers Borrower to the Lenders hereunder and thereunder shall be immediately due and payable, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived; and.

Appears in 1 contract

Samples: Credit Agreement (Neogenomics Inc)

Bankruptcy, Insolvency or Reorganization Proceedings. If an Event of Default specified under Sections 8.1.14 or 8.1.15 Section 8.1.13 shall occur, the Lenders shall be under no further obligations to make Loans or hereunder and the Issuing Lender shall be under no obligation to issue 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 Indebtedness and Obligations of the Borrowers to the Lenders hereunder and thereunder shall be immediately due and payable, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived; and

Appears in 1 contract

Samples: Credit Agreement (Cincinnati Financial Corp)

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