Consequences of Default. If an Event of Default shall occur, Lenders: 7.1 shall have no further obligation to make advances under the Loan Documents; and 7.2 may declare the Note and all amounts payable under this Agreement and any other Loan Document to be forthwith due and payable, whereupon the Note and all such amounts shall become and be forthwith due and payable, without presentment, demand, protest, or further notice of any kind, all of which are hereby expressly waived by Borrower.
Appears in 5 contracts
Samples: Subordinated Revolving Line of Credit Agreement (HD Partners Acquisition CORP), Subordinated Revolving Line of Credit Agreement (HD Partners Acquisition CORP), Subordinated Revolving Line of Credit Agreement (HD Partners Acquisition CORP)
Consequences of Default. If an Event of Default shall occur, LendersLender:
7.1 shall have no further obligation to make advances under the Loan Documents; and
7.2 may declare the Note Note, all interest thereon, and all other amounts payable under this Agreement and any other Loan Document to be forthwith due and payable, whereupon the Note Note, all such interest, and all such amounts shall become and be forthwith due and payable, without presentment, demand, protest, or further notice of any kind, all of which are hereby expressly waived by Borrower.
Appears in 5 contracts
Samples: Revolving Line of Credit Agreement (General Finance CORP), Revolving Line of Credit Agreement (General Finance CORP), Revolving Line of Credit Agreement (General Finance CORP)
Consequences of Default. If an Event of Default shall occur, LendersLender:
7.1 shall 7.1. Shall have no further obligation to make advances under the Loan Documents; and
7.2 may 7.2. May declare the Note Note, all interest thereon, and all other amounts payable under this Agreement and any other Loan Document to be forthwith due and payable, whereupon the Note Note, all such interest, and all such amounts shall become and be forthwith due and payable, without presentment, demand, protest, or further notice of any kind, all of which are hereby expressly waived by Borrower.
Appears in 4 contracts
Samples: Revolving Line of Credit Agreement (Redstar Partners, Inc.), Revolving Line of Credit Agreement (Taliera CORP), Revolving Line of Credit Agreement (Taliera CORP)
Consequences of Default. If an Event of Default shall occur, LendersLender:
7.1 shall have no further obligation to make advances under the Loan Documents; and
7.2 may declare the Note and all amounts payable under this Agreement and any other Loan Document to be forthwith due and payable, whereupon the Note and all such amounts shall become and be forthwith due and payable, without presentment, demand, protest, or further notice of any kind, all of which are hereby expressly waived by Borrower.
Appears in 4 contracts
Samples: Subordinated Revolving Line of Credit Agreement (FMG Acquisition Corp), Subordinated Revolving Line of Credit Agreement (FMG Acquisition Corp), Revolving Line of Credit Agreement (Inter-Atlantic Financial, Inc.)
Consequences of Default. If an Event of Default shall occur, Lenders:
7.1 shall have no further obligation to make advances under the Loan Documents; and
7.2 may declare the Note Note, all interest thereon, and all other amounts payable under this Agreement and any other Loan Document to be forthwith due and payable, whereupon the Note Note, all such interest, and all such amounts shall become and be forthwith due and payable, without presentment, demand, protest, or further notice of any kind, all of which are hereby expressly waived by Borrower.
Appears in 2 contracts
Samples: Subordinated Revolving Line of Credit Agreement (Echo Healthcare Acquisition Corp.), Subordinated Revolving Line of Credit Agreement (Echo Healthcare Acquisition Corp.)
