Common use of Continuing Defaults Clause in Contracts

Continuing Defaults. With respect to each of the Credit Agreement Defaults, the Borrower acknowledges that (a) such Credit Agreement Defaults are continuing and have not been waived by virtue of any previous actions (or failure to act) by the Administrative Agent or the Lenders through any course of conduct or course of dealing or otherwise and (b) as a result of the existence of such Credit Agreement Defaults, the Lenders, pursuant to the terms and conditions of the Credit Agreement and the other Credit Documents, have the right to, among other things, (i) terminate the Commitments and any obligations of the Lenders to make any further Loans or issue any Letters of Credit, (ii) accelerate the maturity of all of the Obligations, and (iii) exercise any or all rights and remedies available to them pursuant to the Credit Documents, applicable law or otherwise.

Continuing Defaults. With respect to each of the Credit Agreement Defaults, the Borrower acknowledges that (a) such Credit Agreement Defaults are continuing and have not been waived by virtue of any previous actions (or failure to act) by the Administrative Agent or the Lenders through any course of conduct or course of dealing or otherwise and (b) as a result of the existence of such Credit Agreement Defaults, the Lenders, pursuant to the terms and conditions of the Credit Agreement and the other Credit Documents, have the right to, among other things, (i) terminate the Commitments and any obligations of the Lenders to make any further Loans or issue any Letters of Credit, (ii) accelerate the maturity of all of the Borrower’s Obligations, and (iii) exercise any or all rights and remedies available to them pursuant to the Credit Documents, applicable law or otherwise.

Continuing Defaults. With respect to each of the Credit Agreement Defaults, the Borrower acknowledges that (a) such Credit Agreement Defaults are continuing and have not been waived by virtue of any previous actions (or failure to act) by the Administrative Agent or the Lenders through any course of conduct or course of dealing or otherwise and (b) as a result of the existence of such Credit Agreement Defaults, the Lenders, pursuant to the terms and conditions of the Credit Agreement and the other Credit Documents, have the right to, among other things, (i) terminate the Commitments and any obligations of the Lenders to make any further Loans or issue any Letters of Credit, (ii) accelerate the maturity of all of the Borrower’s Obligations, and (iiiii) exercise any or all rights and remedies available to them pursuant to the Credit Documents, applicable law or otherwise.