Common use of Effect of Event of Default Remedies Clause in Contracts

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.

Appears in 1 contract

Samples: Loan and Security Agreement (CMC Industries Inc)

AutoNDA by SimpleDocs

Effect of Event of Default Remedies. (a) In the event that one or more Events of Default described in Section 6.1(f7.1(E) shall occur, then Lender's commitments and the Credit extended under this Agreement shall terminate and all Liabilities Obligations hereunder and under any Notes shall be immediately due and payable without demand, notice or declaration of any kind whatsoever.

Appears in 1 contract

Samples: Credit and Security Agreement (Cryenco Sciences Inc)

Effect of Event of Default Remedies. (a) In the event that one or more Events of Default described in Section 6.1(fSECTION 6.1(e) shall occur, then Lender's commitments 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 1 contract

Samples: Loan and Security Agreement (Rainbow Rentals Inc)

AutoNDA by SimpleDocs

Effect of Event of Default Remedies. (a) In the event that one or more Events of Default described in Section 6.1(f7.1(e) shall occur, then Lender's commitments and the Credit extended under this Agreement shall terminate and all Liabilities Obligations hereunder and under any Notes shall be immediately due and payable without demand, notice or declaration of any kind whatsoever.

Appears in 1 contract

Samples: Credit and Security Agreement (Premiumwear Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!