Common use of Consequences of Event of Default Clause in Contracts

Consequences of Event of Default. In every such event (other than an event with respect to the Borrower described in clause (l) of Section 7.01), and at any time thereafter during the continuance of such event, the Administrative Agent may, and at the request of the Required Lenders shall, by notice to the Borrower, take either or both of the following actions, at the same or different times: (i) terminate the Commitments, and thereupon the Commitments shall terminate immediately, and (ii) declare the Loans then outstanding to be due and payable in whole (or in part, in which case any principal not so declared to be due and payable may thereafter be declared to be due and payable), and thereupon the principal of the Loans so declared to be due and payable, together with accrued interest thereon and all fees and other obligations of the Borrower accrued hereunder, shall become due and payable immediately, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrower; and in case of any event with respect to the Borrower described in clause (l) of Section 7.01, (i) the Commitments shall automatically terminate, and (ii) the principal of the Loans then outstanding, together with accrued interest thereon and all fees and other obligations of the Borrower accrued hereunder, shall automatically become due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrower.

Consequences of Event of Default. In every such event (other than a) If an event with respect to the Borrower described in clause Event of Default specified under paragraphs (la) through (g) of Section 7.01), and at any time thereafter during the continuance of such event6.01 shall occur, the Administrative Banks shall be under no further obligation to make Loans hereunder and the Agent mayshall be under no further obligation to issue Letters of Credit hereunder; and the Agent, and at the request of upon instructions from the Required Lenders shallBanks, may by written notice to the Borrower, take either or both of the following actions, at the same or different times: (i) terminate the Commitments, and thereupon the Commitments shall terminate immediately, and (ii) Borrower declare the unpaid balance of all Loans then outstanding and interest accrued thereon, and all other liabilities of Borrower hereunder and thereunder to be due and payable in whole (or in part, in which case any principal not so declared to be due and payable may thereafter be declared to be due and payable), and thereupon the principal of the Loans so declared to be forthwith due and payable, together with accrued interest thereon and all fees the same shall thereupon become and other obligations of the Borrower accrued hereunder, shall become be immediately due and payable immediatelypayable, without presentment, demand, demand or protest or other notice of any kind, all of which are hereby waived by the Borrower; and in case expressly waived. (b) If an Event of any event with respect to the Borrower described in clause Default, specified under paragraphs (lh) or (i) of Section 7.016.01 shall occur, (i) the Commitments Banks shall automatically terminate, be under no further obligation to make Loans hereunder and (ii) the principal Agent shall be under no further obligation to issue Letters of Credit hereunder; and the unpaid balance of all Loans then outstanding, together with outstanding and interest accrued interest thereon and all fees and other obligations of the Borrower accrued hereunder, Debt shall automatically become be immediately due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrowerexpressly waived.

Consequences of Event of Default. In every such event (other than a) If an event with respect to the Borrower described in clause Event of Default specified under any of clauses (la) through (g) or -------------------------- (j) of Section 7.01)9.01 shall occur and be continuing, and at any time thereafter during the continuance of such event, the Administrative Agent may, and at the request of the Required Lenders shall, by notice to the Borrower, take either or both of the following actions, at the same or different times: may (i) terminate declare all --- ------------ of the CommitmentsLoans, together with interest thereon, plus any premium and thereupon all other liabilities of Borrower hereunder and under the Commitments shall terminate immediately, and (ii) declare the Loans then outstanding other Operative Documents to be due and payable in whole (or in part, in which case any principal not so declared to be due and payable may thereafter be declared to be immediately due and payable), and thereupon the principal of the Loans so declared to be due and payable, together with accrued interest thereon and all fees and other obligations of the Borrower accrued hereunder, shall become due and payable immediately, without presentment, demand, protest or other further notice of any kind, all of which are hereby waived by the Borrower; and in case of any event with respect to the Borrower described in clause (l) of Section 7.01, (i) the Commitments shall automatically terminateexpressly waived, and (ii) the principal of terminate any commitment to make the Loans and terminate any commitment to advance money or extend credit to or for the benefit of Borrower pursuant to any other agreement or commitment extended by a Lender to Borrower. (b) If an Event of Default specified under clause (h) or (i) of Section 9.01 --------------------------------- shall occur, then outstandingimmediately and without notice (i) the Loans, together with accrued interest thereon thereon, plus premium, if any, and all fees other liabilities of Borrower hereunder and under the other obligations of the Borrower accrued hereunder, Operative Documents shall automatically become due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by expressly waived, and (ii) Lenders' commitments hereunder to make the BorrowerLoans and any other commitment of Lenders to Borrower to advance money or extend credit pursuant to any other agreement or commitment shall be terminated.

Consequences of Event of Default. In every such event (other than a) If an event with respect to the Borrower described in clause Event of Default specified under paragraphs (la) through (o) of Section 7.01), and at any time thereafter during the continuance of such event6.01 shall occur, the Administrative Agent may, Lenders shall be under no further obligation to make any Term Loans hereunder and at the request of the Required Lenders shall, by notice to the Borrower, take either or both Borrower may declare the unpaid balance of each of the following actions, at the same or different times: (i) terminate the Commitments, and thereupon the Commitments shall terminate immediately, and (ii) declare the Loans Term Notes then outstanding and interest accrued thereon and all other obligations and liabilities of the Borrower hereunder and thereunder and under the other Loan Documents to be due and payable in whole (or in part, in which case any principal not so declared to be due and payable may thereafter be declared to be due and payable), and thereupon the principal of the Loans so declared to be forthwith due and payable, together with accrued interest thereon and all fees the same shall thereupon become and other obligations of the Borrower accrued hereunder, shall become due and payable immediately, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrower; and in case of any event with respect to the Borrower described in clause (l) of Section 7.01, (i) the Commitments shall automatically terminate, and (ii) the principal of the Loans then outstanding, together with accrued interest thereon and all fees and other obligations of the Borrower accrued hereunder, shall automatically become be immediately due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by expressly waived. (b) If an Event of Default specified under paragraphs (p) through (r) of Section 6.01 shall occur, the BorrowerLenders shall be under no further obligation to make any Term Loans hereunder and the unpaid balance of each of the Term Notes, outstanding and interest accrued thereon and all other obligations and liabilities of the Borrower hereunder and thereunder and under the other Loan Documents shall be immediately due and payable, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived. (c) Except as set forth in the Pledge Agreement, with respect to proceeds received from the sale or other disposition of the Collateral, all moneys paid or collected under this Agreement after an Event of Default shall be applied to the Debt and paid to each Lender on a pro rata basis based on its respective pro rata share of the outstanding principal amount of the Term Loans.

Consequences of Event of Default. In every such event (other than a) If an event with respect to the Borrower described in clause Event of Default specified under any of clauses (la) through (g) or (j) through (m) of Section 7.01)9.01 shall occur and be continuing, and at any time thereafter during the continuance of such event, the Administrative Agent may, and at the request of the Required Lenders shall, by notice to the Borrower, take either or both of the following actions, at the same or different times: Lender may (i) terminate declare all of the CommitmentsLoans, together with interest thereon, plus the Applicable Premium and thereupon all other liabilities of Borrower hereunder and under the Commitments shall terminate immediately, and (ii) declare the Loans then outstanding other Operative Documents to be due and payable in whole (or in part, in which case any principal not so declared to be due and payable may thereafter be declared to be immediately due and payable), and thereupon the principal of the Loans so declared to be due and payable, together with accrued interest thereon and all fees and other obligations of the Borrower accrued hereunder, shall become due and payable immediately, without presentment, demand, protest or other further notice of any kind, all of which are hereby waived by the Borrower; and in case of any event with respect to the Borrower described in clause (l) of Section 7.01, (i) the Commitments shall automatically terminateexpressly waived, and (ii) the principal of terminate any commitment to make the Loans and terminate any commitment to advance money or extend credit to or for the benefit of Borrower pursuant to any other agreement or commitment extended by a Lender to Borrower. (b) If an Event of Default specified under clause (h) or (i) of Section 9.01 shall occur, then outstandingimmediately and without notice (i) the Loans, together with accrued interest thereon thereon, plus the Applicable Premium and all fees other liabilities of Borrower hereunder and under the other obligations of the Borrower accrued hereunder, Operative Documents shall automatically become due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by expressly waived, and (ii) Lenders' commitments hereunder to make the BorrowerLoans and any (c) Borrower expressly agrees that the amount due and payable upon any such acceleration or prepayment of the Loans contrary to the terms hereof shall include a Applicable Premium as of the date of such acceleration or prepayment.