Common use of Debtor Law Clause in Contracts

Debtor Law. Upon the occurrence of a Default under SECTION ---------- 10.1(D), the commitments of Lenders to extend credit under this agreement automatically terminate and the full Obligation is automatically due and payable, without presentment, demand, notice of default, notice of the intent to accelerate, notice of acceleration, or other requirements of any kind, all of which are expressly waived by Borrower.

Appears in 2 contracts

Samples: Credit Agreement (Matrix Capital Corp /Co/), Credit Agreement (Pioneer Commercial Funding Corp /Ny/)

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Debtor Law. Upon the occurrence of a Default under SECTION ---------- 10.1(DSection 10.1(d), the commitments of Lenders to extend credit under this agreement automatically terminate and the full Obligation is automatically due and payable, without presentment, demand, notice of default, notice of the intent to accelerate, notice of acceleration, or other requirements of any kind, all of which are expressly waived by Borrowerthe Companies.

Appears in 2 contracts

Samples: Loan and Security Agreement (Ryland Group Inc), Loan and Security Agreement (Ryland Group Inc)

Debtor Law. Upon the occurrence of a Default under SECTION ---------- 10.1(D), the commitments of Lenders to extend credit under this agreement automatically terminate and the full Obligation is automatically due and payable, without presentment, demand, notice of default, notice 48 AMENDED AND RESTATED LOAN AGREEMENT ----------------------------------- of the intent to accelerate, notice of acceleration, or other requirements of any kind, all of which are expressly waived by Borrower.

Appears in 1 contract

Samples: Loan Agreement (Matrix Capital Corp /Co/)

Debtor Law. Upon the occurrence of a an Event of Default under SECTION ---------- 10.1(DSection 10.1(d), and to the extent permitted by law, the commitments of Lenders to extend credit under this agreement automatically terminate and the full Obligation is automatically due and payable, without presentment, demand, notice of default, notice of the intent to accelerate, notice of acceleration, or other requirements of any kind, all of which are expressly waived by Parent and each Co-Borrower.

Appears in 1 contract

Samples: Credit Agreement (American Business Financial Services Inc /De/)

Debtor Law. Upon the occurrence of a Default under SECTION ---------- 10.1(DSection 10.1(d), the commitments of Lenders to extend credit under this agreement automatically terminate and the full Obligation is automatically due and payable, without presentment, demand, notice of default, notice of the intent to accelerate, notice of acceleration, or other requirements of any kind, all of which are expressly waived by Borrower.

Appears in 1 contract

Samples: Loan Agreement (Matrix Bancorp Inc)

Debtor Law. Upon the occurrence of a Default under SECTION ---------- 10.1(D9.1(d), the commitments commitment of Lenders Lender to extend credit under this agreement automatically terminate terminates and the full Obligation is automatically due and payable, without presentment, demand, notice of default, notice of the intent to accelerate, notice of acceleration, or other requirements of any kind, all of which are expressly waived by BorrowerBorrowers.

Appears in 1 contract

Samples: Loan Agreement (Imc Mortgage Co)

Debtor Law. Upon the occurrence of a an Event of Default under SECTION ---------- 10.1(DSection 10.1(d), the commitments of Lenders to extend credit under this agreement automatically terminate and the full Obligation is automatically due and payable, without presentment, demand, notice of default, notice of the intent to accelerate, notice of acceleration, or other requirements of any kind, all of which are expressly waived by Parent and each Co-Borrower.

Appears in 1 contract

Samples: Credit Agreement (American Business Financial Services Inc /De/)

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Debtor Law. Upon the occurrence of a Default under SECTION Section ---------- 10.1(D10.1(d), the commitments of Lenders to extend credit under this agreement automatically terminate and the full Obligation is automatically due and payable, without presentment, demand, notice of default, notice of the intent to accelerate, notice of acceleration, or other requirements of any kind, all of which are expressly waived by Borrower.

Appears in 1 contract

Samples: Credit Agreement (Matrix Bancorp Capital Trust I)

Debtor Law. Upon the occurrence of a an Event of Default under SECTION ---------- 10.1(D10.1(d), the commitments of Lenders to extend credit under this agreement automatically terminate and the full Obligation is automatically due and payable, without presentment, demand, notice of default, notice of the intent to accelerate, notice of acceleration, or other requirements of any kind, all of which are expressly waived by Borrower.

Appears in 1 contract

Samples: Credit Agreement (Rac Financial Group Inc)

Debtor Law. Upon the occurrence of a an Event of Default under SECTION ---------- 10.1(D), the commitments of Lenders to extend credit under this agreement automatically terminate and the full Obligation is automatically due and payable, without presentment, demand, notice of default, notice of the intent to accelerate, notice of acceleration, or other requirements of any kind, all of which are expressly waived by Borrower.

Appears in 1 contract

Samples: Credit Agreement (Cfi Mortgage Inc)

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