Effect of Stay. In the event that the demand for payment of any amount payable by the Company or any Borrower under this Agreement or the other Loan Documents is stayed upon the insolvency, bankruptcy or reorganization of the Company or a Borrower, all such amounts otherwise subject to acceleration under the terms of this Agreement or the other Loan Documents shall nonetheless be payable by the Company or the other Borrowers hereunder forthwith upon demand by Agent.
Appears in 2 contracts
Samples: Credit Agreement (Schawk Inc), Multicurrency Credit Agreement (Schawk Inc)
Effect of Stay. In the event that the demand for payment of any amount payable by the Company or any Borrower under this Agreement or the other Loan Transaction Documents is stayed upon the insolvency, bankruptcy or reorganization of the Company or a Borrower, all such amounts otherwise subject to acceleration under the terms of this Agreement or any of the other Loan Transaction Documents shall nonetheless be payable by the Company or the other Borrowers Guarantors hereunder forthwith upon demand by Agentthe Agent or the Required Banks.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Huntco Inc), Revolving Credit Agreement (Huntco Inc)
Effect of Stay. In the event that the demand for payment of any amount payable by the Company or any Borrower Debtor under this Agreement or the other Loan Credit Documents is stayed upon the insolvency, bankruptcy or reorganization of the Company or a BorrowerDebtor, all such amounts otherwise subject to acceleration under the terms of this Agreement or the other Loan Credit Documents shall nonetheless be payable by the Company or the other Borrowers Debtors hereunder forthwith upon demand by Agentthe Bank.
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