Common use of Cancellation and Acceleration Clause in Contracts

Cancellation and Acceleration. Upon the occurrence of an Event of Default and for so long as such Event of Default shall continue, the Administration Agent shall at the request of the Lenders, by notice to the Borrowers: (a) cancel the Credit Facilities and terminate the obligations of the Lenders to make any further Accommodations; (b) declare the principal amount of all outstanding Accommodations made to the Borrowers and all interest and fees accrued thereon and all other amounts payable under this Agreement and the other Credit Facility Documents (including liabilities for Bankers’ Acceptances which have not yet matured) to be forthwith due and payable, without presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived by the Borrowers; and (c) enforce all rights and remedies provided in the Security Documents or otherwise legally available.

Cancellation and Acceleration. Upon the occurrence of an Event of Default and for so long as such Event of Default shall continue, the Administration Agent shall shall, at the request of the Majority Lenders, by notice to the Borrowers: (a) cancel the Credit Facilities and terminate the obligations of the Lenders to make any further Accommodations;; and (b) declare the principal amount of all outstanding Accommodations made to the Borrowers and all interest and fees accrued thereon and all other amounts payable Obligations under this Agreement and the other Credit Facility Documents (including liabilities for Bankers’ Acceptances which have not yet matured) to be forthwith due and payable, without presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived by the Borrowers; and (c) enforce all rights and remedies provided in the Security Documents or otherwise legally available.

Cancellation and Acceleration. Upon the occurrence of an Event of Default and for so long as such Event of Default shall continue, the Administration Agent shall at the request of the Lenders, by notice to the Borrowers: (a) cancel the Credit Facilities and terminate the obligations of the Lenders to make any further Accommodations; (b) declare the principal amount of all outstanding Accommodations made to the Borrowers and all interest and fees accrued thereon and all other amounts payable under this Agreement and the other Credit Facility Documents (including liabilities for Bankers’ ' Acceptances which have not yet matured) to be forthwith due and payable, without presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived by the Borrowers; and (c) enforce all rights and remedies provided in the Security Documents or otherwise legally available.

Cancellation and Acceleration. Upon the occurrence of an Event of Default and for so long as such Event of Default shall continue, the Administration Agent shall at the request of the LendersLenders may, by notice to the Borrowers: (a) cancel the Credit Facilities and terminate the obligations of the Lenders to make any further Accommodations; (b) declare the principal amount of all outstanding Accommodations made to the Borrowers and all interest and fees accrued thereon and all other amounts payable under this Agreement and the other Credit Facility Documents (including liabilities for Bankers’ ' Acceptances which have not yet matured) to be forthwith due and payable, without presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived by the Borrowers; and (c) enforce all rights and remedies provided in the Security Documents or otherwise legally availableDocuments.

Cancellation and Acceleration. Upon the occurrence of an Event of Default and for so long as such Event of Default shall continue, the Administration Agent shall at the request of the LendersLenders may, by notice to the Borrowers: (a) cancel the Credit Facilities Facility and terminate the obligations of the Lenders to make any further Accommodations; (b) declare the principal amount of all outstanding Accommodations made to the Borrowers and all interest and fees accrued thereon and all other amounts payable under this Agreement and the other Credit Facility Documents (including liabilities for Bankers’ ' Acceptances which have not yet matured) to be forthwith due and payable, without presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived by the Borrowers; and (c) enforce all rights and remedies provided in the Security Documents or otherwise legally availableDocuments.