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

Bankruptcy, Insolvency or Reorganization Proceedings. If an Event of Default specified under subsections 9.1.14 or 9.1.15 of Section 9.1 shall occur, the Banks shall be under no further obligations to make Loans hereunder and the Issuing Bank shall be under no obligation to issue Letters of Credit and the unpaid principal amount of the Notes then outstanding and all interest accrued thereon, any unpaid fees and all other Indebtedness of the Borrowers to the 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 3 contracts

Samples: Credit Agreement (Triumph Group Inc), Credit Agreement (Triumph Group Inc), Credit Agreement (Triumph Group Inc)

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Bankruptcy, Insolvency or Reorganization Proceedings. If an Event of Default specified under subsections 9.1.14 or 9.1.15 of Section 9.1 shall occuroccur and be continuing, the Banks shall be under no further obligations to make Loans hereunder and the Issuing Bank shall be under no obligation to issue Letters of Credit and the unpaid principal amount of the Notes then outstanding and all interest accrued thereon, any unpaid fees and all other Indebtedness of the Borrowers to the 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 3 contracts

Samples: Credit Agreement (Triumph Group Inc), Credit Agreement (Triumph Group Inc), Credit Agreement (Triumph Group Inc)

Bankruptcy, Insolvency or Reorganization Proceedings. If an Event of Default specified under subsections 9.1.14 or 9.1.15 of Section 9.1 9.1(n) shall occur, other than with respect to the Banks Initial Credit Extension, the Lenders shall be under no further obligations to make Loans hereunder and the Issuing Bank Lenders shall be under no obligation to issue Letters of Credit and the unpaid principal amount of the Notes Loans then outstanding and all interest accrued thereon, any unpaid fees and all other Indebtedness of the Borrowers Borrower to the Banks Lenders hereunder and thereunder automatically 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 (Shenandoah Telecommunications Co/Va/)

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Bankruptcy, Insolvency or Reorganization Proceedings. If an Event of Default specified under subsections 9.1.14 or 9.1.15 of Section 9.1 shall occuroccur and be continuing, the Banks shall be under no further obligations to make Loans hereunder and the Issuing Bank shall be under no obligation to issue Letters of Credit and the unpaid principal amount of the Notes Obligations then outstanding and all interest accrued thereon, any unpaid fees and all other Indebtedness of the Borrowers to the 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 1 contract

Samples: Credit Agreement (Triumph Group Inc)

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