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.
Appears in 4 contracts
Samples: Loan and Security Agreement (Elxsi Corp /De//), Loan and Security Agreement (Elxsi Corp /De//), Loan and Security Agreement (Elxsi Corp /De//)
Effect of Event of Default Remedies. (a) In the event that one or more Events of Default described in Section 6.1(e7.1(e) shall occur, then Lender's commitment and the Credit extended under this Agreement shall terminate and all Liabilities hereunder and under any Notes Obligations shall be immediately due and payable without demand, notice or declaration of any kind whatsoever.
Appears in 2 contracts
Samples: Credit and Security Agreement (Lifecore Biomedical Inc), Credit and Security Agreement (Simon Transportation Services Inc)
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 each 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.
Appears in 2 contracts
Samples: Loan and Security Agreement (Pioneer Companies Inc), Loan and Security Agreement (Pioneer East Inc)
Effect of Event of Default Remedies. (a) In the event that one or more Events of Default described in Section SECTION 6.1(e) shall occuroccur and be continuing, then each 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.
Appears in 2 contracts
Samples: Loan and Security Agreement (Unifrax Investment Corp), Loan and Security Agreement (Decrane Aircraft Holdings Inc)
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.
Appears in 2 contracts
Samples: Loan and Security Agreement (Elxsi Corp /De//), Loan and Security Agreement (Elxsi Corp /De//)
Effect of Event of Default Remedies. (a) In the event that one or more Events of Default described in Section 6.1(e9.1(f) shall occur, then Lender's commitment and the Credit 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.
Appears in 1 contract
