Common use of Consequences of an Event of Default Clause in Contracts

Consequences of an Event of Default. If any Event of Default shall occur and be continuing or shall exist, Lender shall be under no further obligation to make Advances hereunder, any remaining commitment hereunder shall immediately terminate, with no further notice, and Lender may, by notice to Borrower, declare the unpaid principal amount of each Note, interest accrued thereon and all other amounts owing by Borrower hereunder or under each Note to be immediately due and payable without presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived, and an action therefor shall immediately accrue. Such consequences shall occur automatically upon the occurrence of an Event of Default under SECTION 9.01 (h), (i), (j) OR (k), without any notice or demand. Upon the occurrence of an Event of Default, Lender may, in its sole discretion, exercise any and all remedies available to it under this ARTICLE 9 or under any of the Loan Documents or under applicable law without further notice or period of grace or opportunity to cure.

Consequences of an Event of Default. If any Event of Default shall occur and be continuing or shall exist, Lender shall be under no further may, by notice to the Borrower (i) declare its obligation to make Advances hereunder, hereunder and any remaining commitment hereunder to be terminated, where upon the same shall immediately terminate, with no further notice, and (ii) Lender may, by notice to Borrower, declare the unpaid principal amount of each the Note, interest accrued thereon and all other amounts owing by Borrower hereunder or under each the Note to be immediately due and payable without presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived, and an action therefor shall immediately accrue. Such consequences shall occur automatically upon the occurrence of an Event of Default under SECTION 9.01 Section 9.1 (g) or (h), (i), (j) OR (k), without any notice or demand. Upon the occurrence of an Event of Default, Lender may, in its sole discretion, exercise any and all remedies available to it under this ARTICLE Article 9 or under any of the Loan Documents or under applicable law without further notice or period of grace or opportunity to cure.

Consequences of an Event of Default. If any Event of Default shall occur and be continuing or shall exist, Lender shall be under no further obligation to make Advances hereunder, at Lender's option, any remaining commitment hereunder shall immediately terminate, with no further notice, and Lender may, by notice to Borrower, declare the unpaid principal amount of each the Note, interest accrued thereon and all other amounts owing by Borrower hereunder or under each the Note to be immediately due and payable without presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived, and an action therefor shall immediately accrue. Such consequences shall occur automatically upon the occurrence of an Event of Default under SECTION Section 9.01 (h), (i), (j) OR or (k), without any notice or demand. Upon the occurrence of an Event of Default, Lender may, in its sole discretion, exercise any and all remedies available to it under this ARTICLE Article 9 or under any of the Loan Documents or under applicable law without further notice or period of grace or opportunity to cure.

Consequences of an Event of Default. If any Event of Default shall ----------------------------------- occur and be continuing or shall exist, Lender shall be under no further obligation to make Advances hereunder, any remaining commitment hereunder shall immediately terminate, with no further notice, and Lender may, by notice to Borrowerthe Borrowers, declare the unpaid principal amount of each Note, interest accrued thereon and all other amounts owing by Borrower Borrowers hereunder or under each Note to be immediately due and payable without presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived, and an action therefor shall immediately accrue. Such consequences shall occur automatically upon the occurrence of an Event of Default under SECTION Section 9.01 (h), (i), (j) OR or ----------------------------- (k), without any notice or demand. Upon the occurrence and continuance of an --- Event of Default, Lender may, in its sole discretion, exercise any and all remedies available to it under this ARTICLE Article 9 or under any of the Loan Documents --------- or under applicable law without further notice or period of grace or opportunity to cure.

Consequences of an Event of Default. If any Event of Default ---------------------------------------- shall occur and be continuing or shall exist, Lender shall be under no further obligation to make Advances hereunder, any remaining commitment hereunder shall immediately terminate, with no further notice, and Lender may, by notice to Borrower, declare the unpaid principal amount of each the Note, interest accrued thereon and all other amounts owing by Borrower hereunder or under each the Note to be immediately due and payable without presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived, and an action therefor shall immediately accrue. Such consequences shall occur automatically upon the occurrence of an Event of Default under SECTION Section 9.01 (h), (i), (j) OR or ----------------------------- (k), without any notice or demand. Upon the occurrence of an Event of Default, --- Lender may, in its sole discretion, exercise any and all remedies available to it under this ARTICLE Article 9 or under any of the Loan Documents or under applicable --------- law without further notice or period of grace or opportunity to cure.

Consequences of an Event of Default. If any Event of Default shall occur and be continuing or shall exist, Lender shall be under no further obligation to make Advances hereunder, any remaining commitment hereunder shall immediately terminate, with no further notice, and Lender may, by notice to Destia, as agent for each Borrower, declare the unpaid principal amount of each Note, interest accrued thereon and all other amounts owing by such Borrower hereunder or under each Note to be immediately due and payable without presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived, and an action therefor shall immediately accrue. Such consequences shall occur automatically upon the occurrence of an Event of Default under SECTION Section 9.01 (h), (i), (j) OR or (k), without any notice or demand. Upon the occurrence of an Event of Default, Lender may, in its sole discretion, exercise any and all remedies available to it under this ARTICLE Article 9 or under any of the Loan Documents or under applicable law without further notice or period of grace or opportunity to cure.

Consequences of an Event of Default. If any Event of Default shall occur and be continuing or shall exist, Lender shall be under no further obligation to make Advances hereunder, any remaining commitment hereunder shall immediately terminate, with no further notice, and Lender may, by notice to Borrower, declare the unpaid principal amount of each the Note, interest accrued thereon and all other amounts owing by Borrower hereunder or under each the Note to be immediately due and payable without presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived, and an action therefor shall immediately accrue. Such consequences shall occur automatically upon the occurrence of an Event of Default under SECTION Section 9.01 (h), (i), (j) OR or (k), without any notice or demand. Upon the occurrence of an Event of Default, Lender may, in its sole discretion, exercise any and all remedies available to it under this ARTICLE Article 9 or under any of the Loan Documents or under applicable law without further notice or period of grace or opportunity to cure.

Consequences of an Event of Default. If any Event of Default shall occur and be continuing or shall exist, Lender shall be under no further obligation to make Advances hereunder, any remaining commitment hereunder shall immediately terminate, with no further notice, and Lender may, by notice to Econophone, as agent for each Borrower, declare the unpaid principal amount of each Note, interest accrued thereon and all other amounts owing by such Borrower hereunder or under each Note to be immediately due and payable without presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived, and an action therefor shall immediately accrue. Such consequences shall occur automatically upon the occurrence of an Event of Default under SECTION Section 9.01 (h), (i), (j) OR or (k), without any notice or demand. Upon the occurrence of an Event of Default, Lender may, in its sole discretion, exercise any and all remedies available to it under this ARTICLE Article 9 or under any of the Loan Documents or under applicable law without further notice or period of grace or opportunity to cure.

Consequences of an Event of Default. If any Event of Default shall occur and be continuing or shall exist, Lender shall be under no further obligation to make Advances hereunder, any remaining commitment hereunder shall immediately terminate, with no further notice, and Lender may, by notice to Borrower, declare the unpaid principal amount of each the Note, interest accrued thereon and all other amounts owing by Borrower hereunder or under each the Note to be immediately due and payable without presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived, and an action therefor shall immediately accrue. Such consequences shall occur automatically upon the occurrence of an Event of Default under SECTION Section 9.01 (h), (i), (j) OR or (k), without any notice or demand. Upon the occurrence of an Event of Default, Lender may, in its sole discretion, exercise any and all remedies available to it under this ARTICLE Article 9 or under any of the Loan Documents or under applicable law Law without further notice or period of grace or opportunity to cure.