Common use of Consequence of Default Clause in Contracts

Consequence of Default. Upon the occurrence of any Event of Default (i) described in subsection (f) of Section 6.1, the outstanding amount of the Revolving Loan Commitment shall automatically be reduced to zero and the outstanding amount of all Revolving Loans and all other amounts payable hereunder, under the Note and under any other Loan Document shall automatically become immediately due and payable, without presentment, demand, protest or other requirement of any kind, all of which are hereby expressly waived by the Borrower, or (ii) described in any other subsection of Section 6.1 and during the continuance thereof, the Lender may, by notice of default given to the Borrower, terminate the Revolving Loan Commitment and declare all of the outstanding principal amount of all Revolving Loans and all other amounts payable hereunder, under the Note and under any other Loan Document to be immediately due and payable, whereupon the Revolving Loan Commitment shall be terminated and the unpaid principal amount of the Note, together with accrued interest thereon, and all such other amounts, shall be immediately due and payable without presentment, protest, demand or other requirement of any kind, each of which is hereby expressly waived by the Borrower. The rights and remedies of the Lender under this Credit Agreement are in addition to, and not in substitution of, the rights and remedies the Lender is entitled to exercise at law, in equity and under any other Loan Document.

Consequence of Default. Upon the occurrence of any Event of Default (i) described in subsection (f) of Section 6.1, the outstanding amount of the Revolving Loan Commitment shall automatically be reduced to zero and the outstanding amount of all Revolving Loans and all other amounts payable hereunder, under the Note and under any other Loan Document shall automatically become immediately due and payable, without presentment, demand, protest or other requirement of any kind, all of which are hereby expressly waived by the Borrower, Borrower or (ii) described in any other subsection of Section 6.1 and during the continuance thereof, the Lender may, by notice of default given to the Borrower, terminate the Revolving Loan Commitment and declare all of the outstanding principal amount of all Revolving Loans and all other amounts payable hereunder, under the Note and under any other Loan Document to be immediately due and payable, whereupon the Revolving Loan Commitment shall be terminated and the unpaid principal amount of the Note, together with accrued interest thereon, and all such other amounts, shall be immediately due and payable without presentment, protest, demand or other requirement of any kind, each of which is hereby expressly waived by the Borrower. The rights and remedies of the Lender under this Credit Agreement are in addition to, and not in substitution of, the rights and remedies the Lender is entitled to exercise at law, in equity and under any other Loan Document.

Consequence of Default. Upon the occurrence of any Event of Default (i) described in subsection (f) of Section 6.1, the outstanding amount of the Revolving Loan Commitment shall automatically be reduced to zero and the outstanding amount of all Revolving Loans and all other amounts payable hereunder, under the any Note and under any other Loan Document shall automatically become immediately due and payable, without presentment, demand, protest or other requirement of any kind, all of which are hereby expressly waived by the Borrower, Borrower or (ii) described in any other subsection of Section 6.1 and during the continuance thereof, the Lender may, by notice of default given to the Borrower, terminate the Revolving Loan Commitment and declare all of the outstanding principal amount of all the Revolving Loans and all other amounts payable hereunder, under the any Note and under any other Loan Document to be immediately due and payable, whereupon the Revolving Loan Commitment shall be terminated and the unpaid principal amount of the any Note, together with accrued interest thereon, and all such other amounts, shall be immediately due and payable without presentment, protest, demand or other requirement of any kind, each of which is hereby expressly waived by the Borrower. The rights and remedies of the Lender under this Credit Agreement are in addition to, and not in substitution of, the rights and remedies the Lender is entitled to exercise at law, in equity and under any other Loan Document.

Consequence of Default. Upon the occurrence of any Event of Default (i) described in subsection (f) of Section 6.1, the outstanding amount of the Revolving Loan Commitment shall automatically be reduced to zero and the outstanding amount of all Revolving Loans and all other amounts payable hereunder, under the Note and under any other Loan Document shall automatically become immediately due and payable, without presentment, demand, protest or other requirement of any kind, all of which are hereby expressly waived by the Borrower, Borrower or (ii) described in any other subsection of Section 6.1 and during the continuance thereof, the Lender may, by notice of default given to the Borrower, terminate the Revolving Loan Commitment and declare all of the outstanding principal amount of all Revolving Loans and all other amounts payable hereunder, under the Note and under any other Loan Document to be immediately due and payable, whereupon the Revolving Loan Commitment shall be terminated and the unpaid principal amount of the Note, together with accrued interest thereon, and all such other amounts, shall be immediately due and payable without presentment, protest, demand or other requirement of any kind, each of which is hereby expressly waived by the Borrower. The rights and remedies of the Lender under this Credit Agreement are in addition to, and not in substitution of, the rights and remedies the Lender is entitled to exercise at law, in equity and under any other Loan Document7.

Consequence of Default. Upon the occurrence of any Event of Default (i) described in subsection (f) of Section 6.1, the outstanding amount of the Revolving Term Loan Commitment shall automatically be reduced to zero and the outstanding amount of all Revolving Term Loans and all other amounts payable hereunder, under the any Note and under any other Loan Document shall automatically become immediately due and payable, without presentment, demand, protest or other requirement of any kind, all of which are hereby expressly waived by the Borrower, Borrower or (ii) described in any other subsection of Section 6.1 and during the continuance thereof, the Lender may, by notice of default given to the Borrower, terminate the Revolving Term Loan Commitment and declare all of the outstanding principal amount of all Revolving the Term Loans and all other amounts payable hereunder, under the any Note and under any other Loan Document to be immediately due and payable, whereupon the Revolving Term Loan Commitment shall be terminated and the unpaid principal amount of the any Note, together with accrued interest thereon, and all such other amounts, shall be immediately due and payable without presentment, protest, demand or other requirement of any kind, each of which is hereby expressly waived by the Borrower. The rights and remedies of the Lender under this Credit Agreement are in addition to, and not in substitution of, the rights and remedies the Lender is entitled to exercise at law, in equity and under any other Loan Document.

Consequence of Default. Upon the occurrence of any Event of Default (i) described in subsection (f) of Section 6.1, the outstanding amount of the Revolving Loan Commitment shall automatically be reduced to zero terminated and the outstanding amount of all Revolving Loans and all other amounts payable hereunder, under the Note and under any other Loan Document shall automatically become immediately due and payable, without presentment, demand, protest or other requirement of any kind, all of which are hereby expressly waived by the Borrower, Borrower or (ii) described in any other subsection of Section 6.1 and during the continuance thereof, the Lender may, by notice of default given to the Borrower, terminate the Revolving Loan Commitment and declare all of the outstanding principal amount of all Revolving Loans and all other amounts payable hereunder, under the Note and under any other Loan Document to be immediately due and payable, whereupon the Revolving Loan Commitment shall be terminated and the unpaid principal amount of the Note, together with accrued interest thereon, and all such other amounts, shall be immediately due and payable without presentment, protest, demand or other requirement of any kind, each of which is hereby expressly waived by the Borrower. The rights and remedies of the Lender under this Credit Agreement are in addition to, and not in substitution of, the rights and remedies the Lender is entitled to exercise at law, in equity and under any other Loan Document.

Consequence of Default. Upon the occurrence of any Event of Default (i) described in subsection Section 7.1(f) or (f) of Section 6.1g), the outstanding amount of the Revolving Loan Commitment shall automatically be reduced to zero (0) and the outstanding amount of all Revolving Loans and all other amounts payable hereunder, under the Note and under any other Loan Document shall automatically become immediately due and payable, without presentment, demand, protest or other requirement of any kind, all of which are hereby expressly waived by the Borrower, or (ii) described in any other subsection of Section 6.1 7.1 and during the continuance thereof, the Lender may, by notice of default given to the Borrower, terminate the Revolving Loan Commitment and declare all of the outstanding principal amount of all Revolving Loans and all other amounts payable hereunder, under the Note and under any other Loan Document to be immediately due and payable, whereupon the Revolving Loan Commitment shall be terminated and the unpaid principal amount of the Noteall Revolving Loans, together with accrued interest thereon, and all such other amounts, shall be immediately due and payable without presentment, protest, demand or other requirement of any kind, each of which is hereby expressly waived by the Borrower. The rights and remedies of the Lender under this Credit Agreement are in addition to, and not in substitution of, the rights and remedies the Lender is entitled to exercise at law, in equity and under any other Loan Document.