Effect of Event of Default Remedies. (a) In the event that one or more Events of Default described in Section 6.1(e) shall occur, then Lender's commitment and the Credit extended under this Agreement shall terminate and all Liabilities hereunder and under any Notes shall be immediately due and payable without demand, notice or declaration of any kind whatsoever.
Effect of Event of Default Remedies. If any Event of Default described in the Financing Documents shall occur and be continuing, the Collateral Agent shall have all of the rights, powers and remedies with respect to the Collateral of a secured party under the Uniform Commercial Code of the state in which such rights, powers and remedies are asserted.
Effect of Event of Default Remedies. (a) In the event that one or more Events of Default described in Section 6.1(f) shall occur, then Lender's commitments and the Credit extended under this Agreement shall terminate and all Liabilities hereunder and under any Notes shall be immediately due and payable without demand, notice or declaration of any kind whatsoever.
Effect of Event of Default Remedies. If any Event of Default described in Sections 8(g), 8(h) or 8(i) above shall occur, all Obligations secured by this Agreement shall become immediately due and payable, all without notice of any kind; and, in the case of any other Event of Default, the Creditor may declare the Obligations secured by this Agreement to be due and payable, whereupon such Obligations shall become immediately due and payable, all without notice of any kind. The Creditor shall promptly advise the Obligor of any such declaration, but failure to do so shall not impair the effect of such declaration. The parties hereto acknowledge that, upon the occurrence of an Event of Default (other than as specified in Sections 8(e), 8(f), 8(g), 8(h), 8(i), 8(j) or 8(k) above), Obligor may satisfy payment of the Obligations pursuant to the Note by delivery of certificates representing such number of shares of the common stock of Medix Resources, Inc. as provided in the Note within 15 days of the occurrence of the Event of Default. If certificates representing such number of shares of common stock of Medix Resources, Inc. are not delivered to Obligor within such 15-day period or upon the occurrence of an Event of Default described in Sections 8(e), 8(f), 8(g), 8(h), 8(i), 8(j) or 8(k), the Creditor may exercise the rights, powers and remedies set forth below.
Effect of Event of Default Remedies. If any Event of Default described in 7.1 of the Loan Agreement shall occur, Secured Party may declare the Obligations secured by this Agreement to be due and payable, whereupon such Obligations shall become immediately due and payable, all without notice of any kind. Secured Party shall promptly advise Debtor of any such declaration, but failure to do so shall not impair the effect of such declaration. In addition, upon the occurrence of an Event of Default, Secured Party may exercise the rights, powers and remedies set forth below.
Effect of Event of Default Remedies. (a) In the event that one or more Events of Default described in Section 7.1(e) shall occur, then the Credit extended under this Agreement shall terminate and all Obligations hereunder and under any Notes shall be immediately due and payable without demand, notice or declaration of any kind whatsoever. (b) In the event an Event of Default other than one described in Section 7.1(e) shall occur, then the Lender may declare all Obligations hereunder and under any Notes immediately due and payable without demand or notice of any kind whatsoever, whereupon the Credit extended under this Agreement shall terminate and all Obligations hereunder and under any Notes shall be immediately due and payable. The Lender shall promptly advise the Borrower of any such declaration, but failure to do so shall not impair the effect of such declaration. (c) In the event of the occurrence of any Event of Default the Lender may exercise any one or more or all of the following remedies, all of which are cumulative and non-exclusive: (i) any remedy contained in the Loan Documents or any Supplemental Documentation;
Effect of Event of Default Remedies. (a) In the event that one or more Events of Default described in Section 6.1(e) shall occur with respect to a Borrower, such Borrower's Note or Notes shall be immediately due and payable without demand, notice or declaration of any kind whatsoever.
Effect of Event of Default Remedies. (a) In the event that one or more Events of Default described in Section 6.1(e) of the Loan Agreement or one or more Defaults described in Section 5.1(e) of this Agreement shall occur, then all Obligations shall be immediately due and payable without demand, notice or declaration of any kind whatsoever.
Effect of Event of Default Remedies. If any Event of Default described in Section 8.6 shall occur in respect of any Loan Party, the Loans and all other Obligations hereunder shall become immediately due and payable without presentment, demand, protest or notice of any kind; and, if any other Event of Default shall occur and be continuing, the Agent may declare all or any part of the Loans and all other Obligations hereunder to be due and payable, whereupon the Loans and other Obligations hereunder shall become immediately due and payable. The Agent shall promptly advise the Borrowers of any such declaration, but failure to do so shall not impair the effect of such declaration. In addition to the foregoing, upon the occurrence of any Event of Default, Agent may, and at the request of the Required Lenders shall, pursue any one or more of the following remedies concurrently or successively, it being the intent hereof that none of such remedies shall be to the exclusion of any other:
Effect of Event of Default Remedies. If any Event of Default described in Section 9 above shall occur (subject at all times to appropriate Court order, if any, or any limitation set forth in the DIP Order), all Obligations secured by this Agreement shall become immediately due and payable, all without notice of any kind and, the Lender may declare the Obligations secured by this Agreement to be due and payable, whereupon such Obligations shall become immediately due and payable, all without notice of any kind. The Lender shall promptly advise the Borrower of any such declaration, but failure to do so shall not impair the effect of such declaration. In addition, upon the occurrence of an Event of Default, the Lender may exercise the rights, powers and remedies set forth below. Without limiting the foregoing, at any time an Event of Default exists or has occurred and is continuing, the Lender may, in its discretion, (i) terminate this Agreement, and/or (ii) accelerate the payment of all Obligations and demand immediate payment thereto the Lender and/or (iii) subject to any limitation of the DIP Orders, be permitted to give notice to the Borrower, the U.S. Trustee and any official statutory committee created in connection with the administration of the Estate of the filing by the Lender of a motion seeking to lift the automatic stay pursuant to section 362 of the Bankruptcy Code, whereupon five (5) business days after such notice has been given the Lender shall be entitled to an expedited hearing subject to the Court’s calendar. Subject to the entry of an order modifying the automatic stay by the Court, the Lender shall be permitted without limitation to take any or all of the following actions as may be provided by the Court:
