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

Effects of an Event of Default. (a) Upon the occurrence and continuation of one or more Events of Default (except a default under either Section 6.1(d) or 6.1(e) hereof), Lender shall have the right to declare the principal of the Loan then outstanding to be immediately due and payable, together with all interest thereon and fees and expenses accruing under this Agreement without presentation, demand or further notice of any kind to Borrower or any Subsidiary and, if applicable, Borrower shall no longer be permitted to obtain the Additional Advance.

Effects of an Event of Default. (a) Upon the occurrence and continuation happening of one or more Events of Default (except a default under either Section 6.1(d7.1(d) or 6.1(e7.1(e) hereof), Lender shall may declare any obligations it or any Lender Affiliate may have the right hereunder to declare be canceled and the principal of the Loan Loans then outstanding to be immediately due and payable, together with all interest thereon and fees and expenses accruing under this Agreement without presentation, demand or further notice of any kind to Borrower or any Subsidiary and, if applicable, Borrower shall no longer be permitted to obtain the Additional Advanceadvances of any Loans.

Effects of an Event of Default. (a) a. Upon the occurrence and continuation happening of one or more Events of Default (except a default under either Section 6.1(d7.1(j) or 6.1(e7.1(k) hereof), Lender shall may declare any obligations it may have the right hereunder to declare be canceled and the principal of the Loan Loans then outstanding to be immediately due and payable, together with all interest thereon and fees and expenses accruing under this Agreement Agreement. Upon such declaration, any obligations Lender may have hereunder shall be immediately canceled and Loans then outstanding shall become immediately due and payable without presentation, demand or further notice of any kind to Borrower or any Subsidiary and, if applicable, Borrower shall no longer be permitted to obtain the Additional AdvanceBorrower.

Effects of an Event of Default. (a) Upon the occurrence and continuation happening of one or more Events of Default (except a default under either Section 6.1(d) or 6.1(e) hereof), Lender shall may declare any obligations it or any Lender Affiliate may have the right hereunder to declare be canceled and the principal of the Loan Loans then outstanding to be immediately due and payable, together with all interest thereon and fees and expenses accruing under this Agreement without presentation, demand or further notice of any kind to Borrower or any Subsidiary and, if applicable, Borrower shall no longer be permitted to obtain the Additional AdvanceBorrower.

Effects of an Event of Default. (a) Upon the occurrence and continuation happening of one or more Events of Default (except a default under either Section 6.1(d8.1(d) or 6.1(e8.1(e) hereof), Lender shall may declare any obligations it or any Lender Affiliate may have hereunder to be canceled and any commitment terminated and the right Obligations to declare the principal of the Loan Lender then outstanding to be immediately due and payable, together with all interest thereon and fees and expenses accruing under this Agreement without presentation, demand or further notice of any kind to Borrower or any Subsidiary and, if applicable, Borrower shall no longer be permitted to obtain the Additional AdvanceAdvances.