Common use of Cross Default; Remedies Clause in Contracts

Cross Default; Remedies. An Event of Default under the terms of this Agreement shall be considered an event of default, an event of acceleration and a default under each document and agreement comprising the Loan Documents and an event of default, an event of acceleration or a default under any document or agreement comprising the Loan Documents, (other than the Existing Defaults), shall be considered an Event of Default under the terms of this Agreement, and all of the other Loan Documents. Upon the occurrence of an Event of Default under this Agreement or any event of default, event of acceleration or default under any document or agreement comprising the Loan Documents, or any document executed in connection herewith, or referenced herein, and without prior notice of or an opportunity to cure such event of default, event of acceleration or default, except as otherwise provided herein, (a) NBD shall have the right to exercise any rights or remedies provided in this Agreement, the Loan Documents, or applicable law, (including, without limitation, the right to offset any accounts of the Borrower or Riviera with NBD), (b) NBD may deem the Forbearance Period to be expired, and (c) upon NBD's election, but without further notice, all of the Obligations shall be immediately due and payable. IN ANY EVENT, FROM AND AFTER THE CLOSE OF BUSINESS ON AUGUST 31, 1995, NBD MAY IMMEDIATELY TAKE ACTION TO ENFORCE ALL OF ITS RIGHTS AND REMEDIES UNDER THE LOAN DOCUMENTS, THIS AGREEMENT OR APPLICABLE LAW, INCLUDING, BUT NOT LIMITED TO, COLLECTION OF THE BORROWER'S OBLIGATIONS.

Cross Default; Remedies. An Event of Default under the terms of this Agreement shall be considered an event of default, an event of acceleration and a default under each document and agreement comprising the Loan Documents and an event of default, an event of acceleration or a default under any document or agreement comprising the Loan Documents, (other than the Existing Defaults), shall be considered an Event of Default under the terms of this Agreement, and all of the other Loan Documents. Upon the occurrence of an Event of Default under this Agreement or any event of default, event of acceleration or default under any document or agreement comprising the Loan Documents, or any document executed in connection herewith, or referenced herein, and without prior notice of or an opportunity to cure such event of default, event of acceleration or default, except as otherwise provided herein, (a) NBD shall have the right to exercise any rights or remedies provided in this Agreement, the Loan 134 Documents, or applicable law, (including, without limitation, the right to offset any accounts of the Borrower or Riviera with NBD), (b) NBD may deem the Forbearance Period to be expired, and (c) upon NBD's election, but without further notice, all of the Obligations shall be immediately due and payable. IN ANY EVENT, FROM AND AFTER THE CLOSE OF BUSINESS ON AUGUST 31JUNE 30, 19951996, NBD MAY IMMEDIATELY TAKE ACTION TO ENFORCE ALL OF ITS RIGHTS AND REMEDIES UNDER THE LOAN DOCUMENTS, THIS AGREEMENT OR APPLICABLE LAW, INCLUDING, BUT NOT LIMITED TO, COLLECTION OF THE BORROWER'S OBLIGATIONS.

Cross Default; Remedies. An Event of Default under the terms of this Agreement shall be considered an event of default, an event of acceleration and a default under each document and agreement comprising the Loan Documents and an event of default, an event of acceleration or a default under any document or agreement comprising the Loan Documents, (other than the Existing Defaults), shall be considered an Event of Default under the terms of this Agreement, and all of the other Loan Documents. Upon the occurrence of an Event of Default under this Agreement or any event of default, event of acceleration or default under any document or agreement comprising the Loan Documents, or any document executed in connection herewith, or referenced herein, and without prior notice of or an opportunity to cure such event of default, event of acceleration or default, except as otherwise provided herein, (a) NBD shall have the right to exercise any rights or remedies provided in this Agreement, the Loan Documents, or applicable law, (including, without limitation, the right to offset any accounts of the Borrower or Riviera with NBD), (b) NBD may deem the Forbearance Period to be expired, and (c) upon NBD's election, but without further notice, all of the Obligations shall be immediately due and payable. IN ANY EVENT, FROM AND AFTER THE CLOSE OF BUSINESS ON AUGUST 31November 30, 1995, NBD MAY IMMEDIATELY TAKE ACTION TO ENFORCE ALL OF ITS RIGHTS AND REMEDIES UNDER THE LOAN DOCUMENTS, THIS AGREEMENT OR APPLICABLE LAW, INCLUDING, BUT NOT LIMITED TO, COLLECTION OF THE BORROWER'S OBLIGATIONS.

Cross Default; Remedies. An Event of Default under the terms of this Agreement shall be considered an event of default, an event of acceleration and a default under each document and agreement comprising the Loan Documents and an event of default, an event of acceleration or a default under any document or agreement comprising the Loan Documents, (other than the Existing Defaults), shall be considered an Event of Default under the terms of this Agreement, and all of the other Loan Documents. Upon the occurrence of an Event of Default under this Agreement or any event of default, event of acceleration or default under any document or agreement comprising the Loan Documents, or any document executed in connection herewith, or referenced herein, and without prior notice of or an opportunity to cure such event of default, event of acceleration or default, except as otherwise provided herein, (a) NBD shall have the right to exercise any rights or remedies provided in this Agreement, the Loan Documents, or applicable law, (including, without limitation, the right to offset any accounts of the Borrower or Riviera with NBD), (b) NBD may deem the Forbearance Period to be expired, and (c) upon NBD's election, but without further notice, all of the Obligations shall be immediately due and payable. IN ANY EVENT, FROM AND AFTER THE CLOSE OF BUSINESS ON AUGUST 31, 1995, NBD MAY IMMEDIATELY TAKE ACTION TO ENFORCE ALL OF ITS RIGHTS AND REMEDIES UNDER THE LOAN DOCUMENTS, THIS AGREEMENT OR APPLICABLE LAW, INCLUDING, BUT NOT LIMITED TO, COLLECTION OF THE BORROWER'S OBLIGATIONS.

Cross Default; Remedies. An Event of Default under the terms of this Agreement shall be considered an event of default, an event of acceleration and a default under each document and agreement comprising the Loan Documents and an event of default, an event of acceleration or a default under any document or agreement comprising the Loan Documents, (other than the Existing Defaults), shall be considered an Event of Default under the terms of this Agreement, and all of the other Loan Documents. Upon the occurrence of an Event of Default under this Agreement or any event of default, event of acceleration or default under any document or agreement comprising the Loan Documents, or any document executed in connection herewith, or referenced herein, and without prior notice of or an opportunity to cure such event of default, event of acceleration or default, except as otherwise provided herein, (a) NBD shall have the right to exercise any rights or remedies provided in this Agreement, the Loan Documents, or applicable law, (including, without limitation, the right to offset any accounts of the Borrower or Riviera with NBD), (b) NBD may deem the Forbearance Period to be expired, and (c) upon NBD's election, but without further notice, all of the Obligations shall be immediately due and payable. IN ANY EVENT, FROM AND AFTER THE CLOSE OF BUSINESS ON AUGUST 31JUNE 30, 19951996, NBD MAY IMMEDIATELY TAKE ACTION TO ENFORCE ALL OF ITS RIGHTS AND REMEDIES UNDER THE LOAN DOCUMENTS, THIS AGREEMENT OR APPLICABLE LAW, INCLUDING, BUT NOT LIMITED TO, COLLECTION OF THE BORROWER'S OBLIGATIONS.

Cross Default; Remedies. An Event of Default under the terms of this Agreement shall be considered an event of default, an event of acceleration and a default under each document and agreement comprising the Loan Documents and an event of default, an event of acceleration or a default under any document or agreement comprising the Loan Documents, (other than the Existing Defaults), shall be considered an Event of Default under the terms of this Agreement, and all of the other Loan Documents. Upon the occurrence of an Event of Default under this Agreement or any event of default, event of acceleration or default under any document or agreement comprising the Loan Documents, or any document executed in connection herewith, or referenced herein, and without prior notice of or an opportunity to cure such event of default, event of acceleration or default, except as otherwise provided herein, (a) NBD shall have the right to exercise any rights or remedies provided in this Agreement, the Loan Documents, or applicable law, (including, without limitation, the right to offset any accounts of the Borrower or Riviera with NBD), (b) NBD may deem the Forbearance Period to be expired, and (c) upon NBD's election, but without further notice, all of the Obligations shall be immediately due and payable. IN ANY EVENT, FROM AND AFTER THE CLOSE OF BUSINESS ON AUGUST 31NOVEMBER 30, 19951996, NBD MAY IMMEDIATELY TAKE ACTION TO ENFORCE ALL OF ITS RIGHTS AND REMEDIES UNDER THE LOAN DOCUMENTS, THIS AGREEMENT OR APPLICABLE LAW, INCLUDING, BUT NOT LIMITED TO, COLLECTION OF THE BORROWER'S OBLIGATIONS.