Common use of Effects of an Event of Default Clause in Contracts

Effects of an Event of Default. (a) Upon the happening of one or more Events of Default (except a default with respect to the Borrower or any Subsidiary under either Section 7.1(d) or 7.1(e) hereof), the Agent may, and shall at the request of the Required Lenders, by notice to the Borrower declare any commitments of the Lenders to lend money to the Borrower or issue Letters of Credit hereunder (individually, the “Lender’s Obligations”, and collectively, the “Lenders’ Obligations”) to be cancelled and the principal of the Notes then outstanding and all reimbursement, Cash Collateralization and other obligations of the Borrower (other than under any Designated Hedge Agreement) to be immediately payable and any Letters of Credit outstanding to be terminated (to the extent each such Letter of Credit is terminable in accordance with its terms), together with all interest thereon and fees and expenses accruing under this Agreement and under any Loan Document. Upon such declaration, the Lenders’ Obligations shall be immediately canceled and the Notes shall become immediately due and payable without presentation, demand or further notice of any kind to the Borrower. (b) Upon the happening of one or more Events of Default under Section 7.1(d) or 7.1(e) hereof with respect to the Borrower or any Subsidiary, the Lenders’ Obligations shall be cancelled immediately, automatically and without notice, and the Notes shall become immediately payable without presentation, demand or notice of any kind to the Borrower. (c) No termination of this Agreement will relieve or discharge Borrower of its duties, obligations and covenants hereunder until all of the Indebtedness hereunder has been indefeasibly paid in full.

Effects of an Event of Default. (a) Upon Notwithstanding any other provision of this Agreement, upon and following the happening occurrence of one or more Events of Default (except a default with respect to the Borrower or any Subsidiary an Event of Default under either Section 7.1(d12.1(e) or 7.1(e) hereof12.1(f)), the Agent (a) may, and shall at the request upon direction of the Required LendersRequisite Lenders shall, by (and immediately upon) notice to the Borrower Borrower: (i) declare any commitments the Commitments and the obligation of the Lenders to lend money make any Advances and of the L/C Issuer to the Borrower or issue Letters of Credit hereunder (individually, the “Lender’s Obligations”, and collectively, the “Lenders’ Obligations”) to be cancelled terminated; or (ii) declare that all Advances and the principal of the Notes then outstanding and all reimbursement, Cash Collateralization and other obligations of the Borrower (other than under any Designated Hedge Agreement) to be immediately payable and any Letters of Credit outstanding to shall be terminated thereafter in Agent’s or Requisite Lenders’ sole discretion, (b) may, and upon direction of the Requisite Lenders shall, by (and immediately upon) notice to the extent each such Letter of Credit is terminable in accordance with its terms)Borrower, together with declare all Indebtedness, including, without limitation, all interest thereon and fees costs and expenses accruing under this Agreement of the Agent and the Lenders and all other amounts payable under any Loan Document. Upon Document to be forthwith due and payable, whereupon such declaration, the Lenders’ Obligations shall be immediately canceled and the Notes Indebtedness shall become immediately and be forthwith due and payable payable, without presentationpresentment, demand demand, protest or further notice of any kind kind, all of which are expressly waived by the Borrower and Agent may require Debtor to the Borrowerdeliver cash collateral for all exposure (including, without limitation, all accrued and accruing interest, fees, expenses and commissions) relating to outstanding Letters of Credit. (b) Upon the happening of one or more Events of Default under Section 7.1(d12.1(e) or 7.1(e) hereof with respect to the Borrower or any Subsidiary12.1(f), the Agent’s and Lenders’ Obligations obligations hereunder shall be cancelled immediately, automatically automatically, and without notice, and the Notes Commitments hereunder terminated, and the Indebtedness then outstanding shall become immediately due and payable without presentation, demand or notice of any kind to the Borrower. (c) No termination of this Agreement will or the other Loan Documents shall relieve or discharge Borrower of its duties, obligations and covenants hereunder under this Agreement or the other Loan Documents until all of the Indebtedness hereunder has been indefeasibly fully and finally discharged and paid, and Agent’s continuing security interest in the Collateral and the rights and remedies of Agent and Lenders hereunder, under the other Loan Documents and applicable law, shall remain in effect until all such Obligations have been fully and finally discharged and paid. Agent agrees to take such actions as are reasonably requested by the Borrower or any other Loan Party and at the Borrower’s or such Loan Party’s expense to terminate the liens and security interests created by the Loan Documents when all the Obligations are paid in fullfull in cash and all Commitments have been irrevocably terminated. Any duty, obligation, or covenant contained in any Loan Document relating to any equity interests, asset or subsidiary of the Borrower or any other Loan Party shall no longer be deemed to be made once such equity interests or asset is conveyed, sold, leased, assigned, transferred or disposed of in accordance with this Agreement.

Effects of an Event of Default. (a) Upon the happening of one or more Events of Default (except a default with respect to the Borrower any Loan Party or any Subsidiary under either Section 7.1(d) or 7.1(e) hereof), the Agent may, and shall at the request of the Required Lenders, by notice to the Borrower Representative declare any commitments of the Lenders to lend money to the Borrower Borrowers or issue Letters of Credit hereunder (individually, the “Lender’s Obligations”, and collectively, the “Lenders’ Obligations”) to be cancelled and the principal of the Notes Loans then outstanding and all reimbursement, Cash Collateralization and other obligations of the Borrower Borrowers (other than under any Designated Hedge Agreement) to be immediately due and payable and any Letters of Credit outstanding to be terminated (to the extent each such Letter of Credit is terminable in accordance with its terms), together with all interest thereon and fees and expenses accruing under this Agreement and under any Loan Document. Upon such declaration, the Lenders’ Obligations shall be immediately canceled and the Notes Loans and all other amounts payable under this Agreement and the other Loan Documents shall become immediately due and payable without presentation, demand or further notice of any kind to the BorrowerBorrowers. (b) Upon the happening of one or more Events of Default under Section 7.1(d) or 7.1(e) hereof with respect to the any Borrower or any Subsidiary, the Lenders’ Obligations shall be cancelled immediately, automatically and without notice, and the Notes Loans and all other amounts payable hereunder and the other Loan Documents shall become immediately payable without presentation, demand or notice of any kind to the BorrowerBorrowers. (c) No termination of this Agreement will relieve or discharge Borrower any Loan Party of its duties, obligations and covenants hereunder until all of the Indebtedness hereunder has been indefeasibly paid in full.

Effects of an Event of Default. (a) Upon the happening of one or more Events of Default (except a default with respect to the Borrower or any Subsidiary under either Section 7.1(d) or 7.1(e) hereof), the Agent mayAdministrative Agent, and shall at upon the request written direction of the Required Lenders, Majority Banks and by notice to the Borrower declare any commitments of the Lenders to lend money to the Borrower or issue Letters of Credit hereunder (individually, the “Lender’s Obligations”, and collectively, the “Lenders’ Obligations”) to be cancelled and the principal of the Notes Revolving Note then outstanding and all reimbursement, Cash Collateralization and other obligations of the Borrower (other than under any Designated Hedge Agreement) to be immediately payable due and any Letters of Credit outstanding to be terminated (to the extent each such Letter of Credit is terminable in accordance with its terms)payable, together with all interest thereon and fees and expenses accruing under this Agreement and under any Loan Documentand/or declare the Commitments of the Banks to be canceled. Upon such declarationany acceleration of the principal of the Revolving Note, the Lenders’ Obligations shall be immediately canceled and the Notes then outstanding balance shall become immediately due and payable without presentation, demand or further notice of any kind to the Borrower. Upon any cancellation of the Commitments set forth in this Agreement, any obligations the Banks may have to make Advances or to issue Letters of Credit shall be immediately canceled. (b) Upon the happening of one or more Events of Default under Section 7.1(d) or 7.1(e) hereof with respect to the Borrower or any SubsidiaryBorrower, the Lenders’ Obligations Commitments shall be cancelled canceled immediately, automatically and without notice, and the Notes Revolving Note then outstanding shall become immediately due and payable without presentation, demand or notice of any kind to the Borrower. (c) No termination Upon the happening of any Event of Default, the Administrative Agent shall then exercise such rights and remedies specified under this Agreement will relieve Agreement, the Revolving Note and the Guaranties or discharge Borrower of its dutiesunder applicable law which it, obligations and covenants hereunder until all but only with the written consent of the Indebtedness hereunder has been indefeasibly paid Majority Banks, deems appropriate under the circumstances in fullorder to enforce such documents. (d) Upon the happening of any Event of Default, the Administrative Agent may, and upon the request of the Majority Banks shall, require the Borrower to provide to the Administrative Agent for the benefit of the Banks cash collateral in an amount equal to face amount of issued and unexpired Letters of Credit available for drawings. (e) Upon the happening of any Event of Default, the principal balances of any Swingloans shall be repaid by the making of an Advance by the Banks in an amount equal to the unpaid principal balances of the Swingloans, except in the case of the occurrence of an Event of Default under subsection 7.1(d) or 7.1

Effects of an Event of Default. (a) Upon the happening of one or more Events of Default (except a default with respect to the Borrower or any Subsidiary under either Section 7.1(d8.1(d) or 7.1(e8.1(e) hereofof this Agreement), the Administrative Agent may, and may declare or shall at the request of do so if instructed by the Required Lenders, by notice to the Borrower declare any commitments of the Lenders to lend money to the Borrower or issue Letters of Credit hereunder (individually, the “Lender’s Obligations”, ” and collectively, the “Lenders’ Obligations”) to be cancelled canceled and the principal of the such Lender’s Note or Notes then outstanding outstanding, and all reimbursement, Cash Collateralization cash collateralization and other obligations of the Borrower (other than under any Designated Hedge Agreement) to be immediately due and payable and any Letters of Credit outstanding to be terminated (to the extent each such Letter of Credit is terminable in accordance with its their terms), together with all interest thereon and fees and expenses accruing under this Agreement and under any Loan Document. Upon such declaration, the Lenders’ Obligations shall be immediately canceled and the Loans evidenced by each Lender’s Note or Notes shall become immediately due and payable without presentation, demand or further notice of any kind to the Borrower. (b) Upon the happening of one or more Events of Default under Section 7.1(d8.1(d) or 7.1(e8.1(e) hereof with respect to the Borrower or any Subsidiaryof this Agreement, the Lenders’ Obligations shall be cancelled canceled immediately, automatically and without notice, and the Notes shall become immediately due and payable without presentation, demand or notice of any kind to the Borrower. (c) No termination of this Agreement will relieve or discharge Borrower of its duties, obligations and covenants hereunder until all of the Indebtedness hereunder has been indefeasibly paid in full.

Effects of an Event of Default. (a) Upon the happening of one or more Events of Default (except a default with respect to the Borrower or any Subsidiary under either Section 7.1(d8.1(d) or 7.1(e8.1(e) hereofof this Agreement), the Administrative Agent may, and may declare or shall at the request of do so if instructed by the Required Lenders, by notice to the Borrower declare any commitments of the Lenders to lend money to the Borrower Borrowers or issue Letters of Credit hereunder (individually, the “Lender’s Obligations”, ” and collectively, the “Lenders’ Obligations”) to be cancelled canceled and the principal of the such Lender’s Note or Notes then outstanding outstanding, and all reimbursement, Cash Collateralization cash collateralization and other obligations of the Borrower Borrowers (other than under any Designated Hedge Agreement) to be immediately due and payable and any Letters of Credit outstanding to be terminated (to the extent each such Letter of Credit is terminable in accordance with its their terms), together with all interest thereon and fees and expenses accruing under this Agreement and under any Loan Document. Upon such declaration, the Lenders’ Obligations shall be immediately canceled and the Loans evidenced by each Lender’s Note or Notes shall become immediately due and payable without presentation, demand or further notice of any kind to the BorrowerBorrowers. (b) Upon the happening of one or more Events of Default under Section 7.1(d8.1(d) or 7.1(e8.1(e) hereof with respect to the Borrower or any Subsidiaryof this Agreement, the Lenders’ Obligations shall be cancelled canceled immediately, automatically and without notice, and the Notes shall become immediately due and payable without presentation, demand or notice of any kind to the BorrowerBorrowers. (c) No termination of this Agreement will relieve or discharge any Borrower of its duties, obligations and covenants hereunder until all of the Indebtedness hereunder has been indefeasibly paid in full.

Effects of an Event of Default. (a) Upon the happening of one or more Events of Default (except a default with respect to the Borrower or any Subsidiary under either Section 7.1(d) or 7.1(e) hereof), the Agent mayAdministrative Agent, and shall at upon the request written direction of the Required Lenders, Majority Banks and by notice to the Borrower declare any commitments of the Lenders to lend money to the Borrower or issue Letters of Credit hereunder (individually, the “Lender’s Obligations”, and collectively, the “Lenders’ Obligations”) to be cancelled and the principal of the Notes then outstanding and all reimbursement, Cash Collateralization and other obligations of the Borrower (other than under any Designated Hedge Agreement) to be immediately payable due and any Letters of Credit outstanding to be terminated (to the extent each such Letter of Credit is terminable in accordance with its terms)payable, together with all interest thereon and fees and expenses accruing under this Agreement and under any Loan Documentand/or declare the Commitments of the Banks to be canceled. Upon such declarationany acceleration of the principal of the Notes, the Lenders’ Obligations shall be immediately canceled and the Notes then outstanding balance shall become immediately due and payable without presentation, demand or further notice of any kind to the Borrower. Upon any cancellation of the Commitments set forth in this Agreement, any obligations the Banks may have to make Advances or to issue Letters of Credit or make Swingloans shall be immediately canceled. (b) Upon the happening of one or more Events of Default under Section 7.1(d) or 7.1(e) hereof with respect to the Borrower or any SubsidiaryBorrower, the Lenders’ Obligations Commitments shall be cancelled canceled immediately, automatically and without notice, and the Notes then outstanding shall become immediately due and payable without presentation, demand or notice of any kind to the Borrower. (c) No termination Upon the happening of any Event of Default, the Administrative Agent shall then exercise such rights and remedies specified under this Agreement will relieve Agreement, the Notes and the Collateral Documents or discharge Borrower of its dutiesunder applicable law which it, obligations and covenants hereunder until all but only with the written consent of the Indebtedness hereunder has been indefeasibly paid Majority Banks, deems appropriate under the circumstances in fullorder to enforce such documents. (d) Upon the happening of any Event of Default, the Administrative Agent may, and upon the request of the Majority Banks shall, require the Borrower to provide to the Administrative Agent for the benefit of itself and the Banks cash collateral in an amount equal to face amount of issued and unexpired Letters of Credit available for drawings. (e) Upon the happening of any Event of Default, the principal balances of any Swingloans shall be repaid to Administrative Agent for the account of Chase by the making of an Advance by the Banks in an amount equal to the unpaid principal balances of the Swingloans, except in the case of the occurrence of an Event of Default under subsection 7.1(d) or 7.1

Effects of an Event of Default. (a) Upon the happening of one or more Events of Default (except a default with respect to the Borrower any Loan Party or any Subsidiary under either Section 7.1(d) or 7.1(e) hereof), the Agent may, and shall at the request of the Required Lenders, by notice to the Borrower Representative declare any commitments of the Lenders to lend money to the Borrower or issue Letters of Credit hereunder Borrowers (individually, the “Lender’s Obligations”, and collectively, the “Lenders’ Obligations”) to be cancelled and the principal of the Notes Loans then outstanding and all reimbursement, Cash Collateralization reimbursement and other obligations of the Borrower (other than under any Designated Hedge Agreement) Borrowers to be immediately payable due and any Letters of Credit outstanding to be terminated (to the extent each such Letter of Credit is terminable in accordance with its terms)payable, together with all interest thereon and fees and expenses accruing under this Agreement and under any Loan Document. Upon such declaration, the Lenders’ Obligations shall be immediately canceled and the Notes Loans and all other amounts payable under this Agreement and the other Loan Documents shall become immediately due and payable without presentation, demand or further notice of any kind to the BorrowerBorrowers. (b) Upon the happening of one or more Events of Default under Section 7.1(d) or 7.1(e) hereof with respect to the any Borrower or any Subsidiary, the Lenders’ Obligations shall be cancelled immediately, automatically and without notice, and the Notes Loans and all other amounts payable hereunder and the other Loan Documents shall become immediately payable without presentation, demand or notice of any kind to the BorrowerBorrowers. (c) No termination of this Agreement will relieve or discharge Borrower any Loan Party of its duties, obligations and covenants hereunder until all of the Indebtedness hereunder has been indefeasibly paid in full.

Effects of an Event of Default. (a) Upon the happening of one or more Events of Default (except a default with respect to the Borrower or any Subsidiary under either Section 7.1(d) or 7.1(e) hereof), the Administrative Agent may, and may declare or shall at the request of do so if instructed by the Required Lenders, by notice to the Borrower declare any commitments of the Lenders to lend money to the Borrower or issue Letters of Credit hereunder (individually, the “"Lender’s 's Obligations”, " and collectively, the “"Lenders’ ' Obligations”") to be cancelled canceled and the principal of the such Lender's Note or Notes then outstanding and all reimbursement, Cash Collateralization and other obligations of the Borrower (other than under any Designated Hedge Agreement) to be immediately payable due and any Letters of Credit outstanding to be terminated (to the extent each such Letter of Credit is terminable in accordance with its terms)payable, together with all interest thereon and fees and expenses accruing under this Agreement and under any Loan Document. Upon such declaration, the Lenders’ ' Obligations shall be immediately canceled and the Loans evidenced by each Lender's Note or Notes shall become immediately due and payable without presentation, demand or further notice of any kind to the Borrower. (b) Upon the happening of one or more Events of Default under Section 7.1(d) or 7.1(e) hereof with respect to the Borrower or any Subsidiaryhereof, the Lenders’ ' Obligations shall be cancelled canceled immediately, automatically and without notice, and the Notes shall become immediately due and payable without presentation, demand or notice of any kind to the Borrower. (c) No termination of this Agreement will relieve or discharge Borrower of its duties, obligations and covenants hereunder until all of the Indebtedness hereunder has been indefeasibly paid in full.

Effects of an Event of Default. (a) Upon the happening of one or more Events of Default (except a default with respect to the Borrower or any Subsidiary under either Section 7.1(d10.1(d) or 7.1(e10.1(e) hereof), the Agent Collateral Agents may, and shall or at the request direction of the Required Lenders, by notice to the Borrower shall declare any commitments of the Lenders to lend money to any of the Borrower Borrowers or the commitment for the L/C Issuers to issue Letters of Credit hereunder for the account of the Borrowers (individually, the “Lender’s Obligations”, and collectively, the “"Lenders’ ' Obligations”") to be cancelled canceled and the principal of all of the Notes then outstanding and all reimbursement, Cash Collateralization and other obligations of the Borrower (other than under any Designated Hedge Agreement) to be immediately payable due and any Letters of Credit outstanding to be terminated (to the extent each such Letter of Credit is terminable in accordance with its terms)payable, together with all interest thereon and fees and expenses accruing under this Agreement and under any other Loan Document. Upon such declaration, the Lenders’ Obligations ' obligations shall be immediately canceled and the Loans evidenced by the Notes shall become immediately due and payable without presentation, demand or further notice of any kind to the BorrowerBorrowers. (b) Upon the happening of one or more Events of Default under Section 7.1(d10.1(d) or 7.1(e10.1(e) hereof with respect to the Borrower or any Subsidiaryhereof, the Lenders’ ' Obligations shall be cancelled canceled immediately, automatically and without notice, and all of the Notes shall become immediately due and payable without presentation, demand or notice of any kind to either of the BorrowerBorrowers. (c) No termination Upon the happening of this Agreement will relieve or discharge Borrower any Event of its dutiesDefault, obligations the Collateral Agents may, and covenants hereunder until all shall upon the request of the Indebtedness hereunder has been indefeasibly paid Required Lenders, exercise such rights and remedies specified under this Agreement, the Notes and the other Loan Documents or under the Uniform Commercial Code or other applicable law which the Collateral Agents deem appropriate under the circumstances in fullorder to enforce such agreements, instruments and documents. (d) Upon the happening of any Event of Default, the Collateral Agents may, and upon the request of the Required Lenders shall, require Borrowers to provide to the Collateral Agents with cash collateral in an amount equal to 110% of the face amount of all issued and unexpired Letters of Credit available for drawings.

Effects of an Event of Default. (a) Upon or at any time or from time to time after the happening occurrence or existence of one or more Events any Event of Default (except a default other than, with respect to the Borrower or any Subsidiary under either Borrower, an Event of Default described in Section 7.1(d) or 7.1(e) hereof)10.1e of this Agreement, the Agent mayaggregate outstanding principal amounts of all Loans, all interest payable pursuant to this Agreement and shall remaining unpaid and all other amounts payable by the Borrower pursuant to this Agreement and remaining unpaid shall, at the request sole option of the Required LendersLenders and without any notice, demand, presentment or protest of any kind (each of which is knowingly, voluntarily, intentionally and irrevocably waived by notice the Borrower), become immediately due. Upon the occurrence or existence of, with respect to the Borrower declare Borrower, any commitments Event of Default described in Section 10.1e, such aggregate outstanding principal amounts, all such interest and all such other amounts shall, without any notice, demand, presentment or protest of any kind (each of which is knowingly, voluntarily, intentionally and irrevocably waived by the Borrower), automatically become immediately due. Upon such aggregate outstanding principal amounts, all such interest and all such other amounts becoming immediately due, any obligation of the Lenders to lend money make any additional Loan shall terminate. With respect to the Borrower or issue all Letters of Credit hereunder (individuallyOutstanding on the date of the occurrence of an Event of Default, the “Lender’s Obligations”Borrower shall, upon written demand by the Agent, at such time deposit in an interest bearing cash collateral account opened by the Agent an amount equal to the aggregate of the then undrawn and unexpired amount of all such Letters of Credit. Amounts held in such cash collateral account shall be applied by the Agent to payment of drafts drawn under such Letters of Credit, and collectivelythe unused portion thereof, the “Lenders’ Obligations”) if any, after all such Letters of Credit shall have expired or been fully drawn upon, shall be applied to be cancelled and the principal repay all Letter of the Notes then outstanding and all reimbursement, Cash Collateralization Credit Reimbursement Obligations and other obligations of the Borrower Borrowers hereunder and under the other Loan Documents that are then due (other than under any Designated Hedge Agreement) to be immediately payable and any "Other Obligations"). After all such Letters of Credit outstanding to be terminated (to the extent each such shall have expired or been fully drawn upon, and all Letter of Credit is terminable Reimbursement Obligations and Other Obligations that are then due shall have been satisfied or paid in accordance with its terms), together with all interest thereon and fees and expenses accruing under this Agreement and under any Loan Document. Upon such declarationfull, the Lenders’ Obligations balance, if any, in such cash collateral account shall be immediately canceled and the Notes shall become immediately due and payable without presentation, demand or further notice of any kind to the Borrower. (b) Upon the happening of one or more Events of Default under Section 7.1(d) or 7.1(e) hereof with respect returned to the Borrower or any Subsidiary, the Lenders’ Obligations shall such other Person as may be cancelled immediately, automatically and without notice, and the Notes shall become immediately payable without presentation, demand or notice of any kind to the Borrowerlawfully entitled thereto. (c) No termination of this Agreement will relieve or discharge Borrower of its duties, obligations and covenants hereunder until all of the Indebtedness hereunder has been indefeasibly paid in full.

Effects of an Event of Default. (a) Upon the happening of one or more Events of Default (except a default with respect to the Borrower or any Subsidiary an Event of Default under either Section 7.1(d11.1(e) or 7.1(e) hereof11.1(f)), the Agent may, and shall at the request of the Required LendersLenders shall, by notice to declare the Borrower declare any commitments obligations of the Lenders to lend money to and the Borrower or issue Letters of Credit Agent hereunder (individually, the “Lender’s Obligations”, and collectively, the “Lenders’ Obligations”) to be cancelled cancelled, and the principal of the Notes Indebtedness then outstanding and all reimbursement, Cash Collateralization and other obligations of the Borrower (other than under any Designated Hedge Agreement) to be immediately due and payable and any Letters of Credit (including, without limitation, Indebtedness outstanding to be terminated (to under the extent each such Letter of Credit is terminable in accordance with its termsNotes), together with all interest thereon and fees costs and expenses accruing under this Agreement and under any Loan Documentthe Transaction Documents. Upon such declaration, any obligations the Lenders’ Obligations Lenders and the Agent may have hereunder shall be immediately canceled cancelled, and the Notes Indebtedness then outstanding (including, without limitation, Indebtedness outstanding under the Notes) shall become immediately due and payable without presentation, demand demand, or further notice of any kind to the BorrowerDebtor. (b) Upon the happening of one or more Events of Default under Section 7.1(d11.1(e) or 7.1(e) hereof with respect to the Borrower or any Subsidiary11.1(f), the Lenders’ Obligations obligations of the Lenders and the Agent hereunder shall be cancelled immediately, automatically automatically, and without notice, and the Notes Indebtedness then outstanding (including, without limitation, Indebtedness outstanding under the Notes) shall become immediately due and payable without presentation, demand demand, or notice of any kind to the BorrowerDebtor. (c) No termination of this Agreement will relieve or discharge Borrower of its duties, obligations and covenants hereunder until all of the Indebtedness hereunder has been indefeasibly paid in full.

Effects of an Event of Default. (a) Upon the happening of one or more Events of Default (except a default with respect to the Borrower or any Subsidiary under either Section 7.1(d8.1(d) or 7.1(e8.1(e) hereofof this Agreement), the Administrative Agent may, and may declare or shall at the request of do so if instructed by the Required Lenders, by notice to the Borrower declare any commitments of the Lenders to lend money to the Borrower Borrowers or issue Letters of Credit hereunder (individually, the “Lender’s Obligations”, ” and collectively, the “Lenders’ Obligations”) to be cancelled canceled and the principal of the such Lender’s Note or Notes then outstanding outstanding, and all reimbursement, Cash Collateralization cash collateralization Obligations under Section 2.4(k) of this Agreement and other obligations of the Borrower Borrowers (other than under any Designated Hedge Agreement) to be immediately due and payable and any Letters of Credit outstanding to be terminated (to the extent each such Letter of Credit is terminable in accordance with its their terms), together with all interest thereon and fees and expenses accruing under this Agreement and under any Loan Document. Upon such declaration, the Lenders’ Obligations shall be immediately canceled and the Loans evidenced by each Lender’s Note or Notes shall become immediately due and payable without presentation, demand or further notice of any kind to the BorrowerBorrowers. (b) Upon the happening of one or more Events of Default under Section 7.1(d8.1(d) or 7.1(e8.1(e) hereof with respect to the Borrower or any Subsidiaryof this Agreement, the Lenders’ Obligations shall be cancelled canceled immediately, automatically and without notice, notice and the Notes shall become immediately payable without presentation, demand or notice of any kind cash collateralization Obligations pursuant to the Borrower. (c) No termination of this Agreement will relieve or discharge Borrower of its duties, obligations and covenants hereunder until all of the Indebtedness hereunder has been indefeasibly paid in full.Section