Common use of Effect of Event of Default Clause in Contracts

Effect of Event of Default. If any Event of Default described in Section 7.01(d) of this Agreement shall occur, maturity of the Loans shall immediately be accelerated and the Notes and the Loans evidenced thereby, and all other indebtedness and any other payment Obligations of the Company to the Lenders shall become immediately due and payable, and the obligation of the Lenders to make any Advance and the obligation of Bank One to issue any Letter of Credit shall immediately terminate, all without notice of any kind. When any other Event of Default has occurred and is continuing, the Required Lenders may accelerate payment of the Loans and declare the Notes and all other payment Obligations due and payable, whereupon maturity of the Loans shall be accelerated and the Notes and the Loans evidenced thereby, and all other payment Obligations shall become immediately due and payable and the obligation of the Lenders to make any Advance and the obligation of Bank One to issue any Letter of Credit shall immediately terminate, all without notice of any kind. The Agent shall promptly advise the Company of any such declaration, but failure to do so shall not impair the effect of such declaration. The remedies of the Agent and the Lenders specified in this Agreement or in any other Loan Document shall not be exclusive, and the Agent and the Lenders each may avail itself of any other remedies provided by law as well as any equitable remedies available to the Lenders.

Effect of Event of Default. If any Event of Default described in Section 7.01(d) of this Agreement shall occur, maturity of each of the Loans shall immediately be accelerated and each of the Notes and the Loans evidenced thereby, and all other indebtedness and any other payment Obligations of the Company to the Lenders FHI shall become immediately due and payable, and the obligation of the Lenders FHI to make any Advance and the obligation of Bank One to issue any Letter of Credit shall immediately terminate, all without notice of any kind. When any other Event of Default has occurred and is continuing, FHI or any other holder of the Required Lenders Notes may accelerate payment of the Loans and declare the Notes and all other payment Obligations due and payable, whereupon maturity of each of the Loans shall be accelerated and each of the Notes and the Loans evidenced thereby, and all other payment Obligations shall become immediately due and payable and the obligation of the Lenders FHI to make any Advance and the obligation of Bank One to issue any Letter of Credit shall immediately terminate, all without notice of any kind. The Agent FHI or such other holder shall promptly advise the Company of any such declaration, but failure to do so shall not impair the effect of such declaration. The remedies of the Agent and the Lenders FHI specified in this Agreement or in any other Loan Document shall not be exclusive, and the Agent and the Lenders each FHI may avail itself of any other remedies provided by law as well as any equitable remedies available to the LendersFHI.

Effect of Event of Default. If any Event of Default described in Section 7.01(d) of this Agreement shall occur, : (i) the maturity of the Loans Loan shall immediately be accelerated accelerated, and the Notes Note and the Loans Loan evidenced thereby, thereby and all other indebtedness and any other payment Obligations of the Company to the Lenders Bank shall become immediately due and payable, ; (ii) the Escalade Domestic Subsidiaries shall waive any sums that may be owing to them under Section 2.01 (f)(2); and (iii) the obligation of the Lenders Maximum Availability shall be immediately reduced to make any Advance and the obligation of Bank One to issue any Letter of Credit shall immediately terminate, all without notice of any kindzero Dollars ($0). When any other Event of Default has occurred and is continuing, the Required Lenders Bank or any other holder of the Note may accelerate payment of the Loans Loan and declare the Notes Note and all other payment Obligations due and payable, whereupon maturity of the Loans Loan shall be accelerated accelerated, the Note and the Notes and the Loans Loan evidenced thereby, and all other payment Obligations shall become immediately due and payable and the obligation of the Lenders Maximum Availability shall be immediately reduced to make any Advance and the obligation of Bank One to issue any Letter of Credit shall immediately terminatezero Dollars ($0), all without notice of any kind. The Agent Bank or such other holder shall promptly advise the Company of any such declaration, but failure to do so shall not abrogate the occurrence or impair the effect of such declaration. The remedies of the Agent and the Lenders Bank specified in this Agreement or in any other Loan Document shall not be exclusive, and the Agent and the Lenders each Bank may avail itself of any other remedies provided by law law, as well as any equitable remedies available to the LendersBank.

Effect of Event of Default. If any ------------ Event of Default described in Section 7.01(d) 7.01 of this Agreement shall occur, maturity of the Loans shall immediately be accelerated and the Notes and the Loans evidenced thereby, and all other indebtedness and any other payment Obligations of the Company to the Lenders Bank shall become immediately due and payable, and the obligation of the Lenders Bank to make any Advance and the obligation of Bank One to or issue any Letter of Credit shall immediately terminate, all without notice of any kind. When any other Event of Default has occurred and is continuing, the Required Lenders Bank or any other holder of the Notes may accelerate payment of the Loans and declare the Notes and all other payment Obligations due and payable, whereupon maturity of the Loans shall be accelerated and the Notes and the Loans evidenced thereby, and all other payment Obligations shall become immediately due and payable and the obligation of the Lenders Bank to make any Advance and the obligation of Bank One to or issue any Letter of Credit shall immediately terminate, all without notice of any kind. The Agent Bank or such other holder shall promptly advise the Company of any such declaration, but failure to do so shall not impair the effect of such declaration. The remedies of the Agent and the Lenders Bank specified in this Agreement or in any other Loan Document shall not be exclusive, and the Agent and the Lenders each Bank may avail itself of any other remedies provided by law as well as any equitable remedies available to the LendersBank.

Effect of Event of Default. If any Event of Default described in Section 7.01(d) of this Agreement shall occur, maturity of the Loans shall immediately be accelerated and the Notes and the Loans evidenced thereby, and all other indebtedness and any other payment Obligations of the Company to the Lenders Banks shall become immediately due and payable, and the obligation of the Lenders Banks to make any Advance and the obligation of Bank One to issue any Letter of Credit shall immediately terminate, all without notice of any kind. When any other Event of Default has occurred and is continuing, the Required Lenders Banks may accelerate payment of the Loans and declare the Notes and all other payment Obligations due and payable, whereupon maturity of the Loans shall be accelerated and the Notes and the Loans evidenced thereby, and all other payment Obligations shall become immediately due and payable and the obligation of the Lenders Banks to make any Advance and the obligation of Bank One to issue any Letter of Credit shall immediately terminate, all without notice of any kind. The Agent shall promptly advise the Company of any such declaration, but failure to do so shall not impair the effect of such declaration. The remedies of the Agent and the Lenders Banks specified in this Agreement or in any other Loan Document shall not be exclusive, and the Agent and the Lenders Banks each may avail itself of any other remedies provided by law as well as any equitable remedies available to the LendersBanks.

Effect of Event of Default. If any Event of Default described in Section 7.01(d) 7.01 of this Agreement shall occur, maturity of the Loans shall immediately be accelerated and the Notes and the Loans evidenced thereby, and all other indebtedness and any other payment Obligations of the Company to the Lenders Bank shall become immediately due and payable, and the obligation of the Lenders Bank to make any Advance and the obligation of Bank One to or issue any Letter of Credit shall immediately terminate, all without notice of any kind. When any other Event of Default has occurred and is continuing, the Required Lenders Bank or any other holder of the Notes may accelerate payment of the Loans and declare the Notes and all other payment Obligations due and payable, whereupon maturity of the Loans shall be accelerated and the Notes and the Loans evidenced thereby, and all other payment Obligations shall become immediately due and payable and the obligation of the Lenders Bank to make any Advance and the obligation of Bank One to or issue any Letter of Credit shall immediately terminate, all without notice of any kind. The Agent Bank or such other holder shall promptly advise the Company of any such declaration, but failure to do so shall not impair the effect of such declaration. The remedies of the Agent and the Lenders Bank specified in this Agreement or in any other Loan Document shall not be exclusive, and the Agent and the Lenders each Bank may avail itself of any other remedies provided by law as well as any equitable remedies available to the LendersBank.

Effect of Event of Default. If any Event of Default described in Section 7.01(d) of this Agreement shall occur, maturity of each of the Loans shall immediately be accelerated and each of the Notes and the Loans evidenced thereby, and all other indebtedness and any other payment Obligations of the Company to the Lenders Bank shall become immediately due and payable, and the obligation of the Lenders Bank to make any Advance and the obligation of Bank One to issue any Letter of Credit shall immediately terminate, all without notice of any kind. When any other Event of Default has occurred and is continuing, the Required Lenders Bank or any other holder of the Notes may accelerate payment of the Loans and declare the Notes and all other payment Obligations due and payable, whereupon maturity of each of the Loans shall be accelerated and each of the Notes and the Loans evidenced thereby, and all other payment Obligations shall become immediately due and payable and the obligation of the Lenders Bank to make any Advance and the obligation of Bank One to issue any Letter of Credit shall immediately terminate, all without notice of any kind. The Agent Bank or such other holder shall promptly advise the Company of any such declaration, but failure to do so shall not impair the effect of such declaration. The remedies of the Agent and the Lenders Bank specified in this Agreement or in any other Loan Document shall not be exclusive, and the Agent and the Lenders each Bank may avail itself of any other remedies provided by law as well as any equitable remedies available to the LendersBank.