Common use of Events of Default; Acceleration Clause in Contracts

Events of Default; Acceleration. If an "Event of Default" (pursuant to and as defined in the Credit Agreement) shall have occurred, then and in any such event the Mortgagee may at any time thereafter (unless all Events of Default shall theretofore have been remedied and all costs and expenses, including, without limitation, attorneys' fees and expenses incurred by or on behalf of the Mortgagee, shall have been paid in full by the Mortgagor) declare, by written notice to the Mortgagor, the Loans and all other Secured Obligations to be due and payable immediately or on a date specified in such notice (PROVIDED that, upon the occurrence of any Event of Default described in Section 10.1.9. of the Credit Agreement, the Loans and all other Secured Obligations shall automatically become due and payable), and on such date the same shall be and become due and payable, together with interest accrued thereon, without presentment, demand, protest or notice, all of which the Mortgagor hereby waives. The Mortgagor will pay on demand all costs and expenses, including, without limitation, attorneys' fees and expenses, incurred by or on behalf of the Mortgagee in enforcing this Mortgage, or any other Loan Document, or occasioned by any default hereunder or thereunder.

Appears in 3 contracts

Samples: Mortgage (Leiner Health Products Inc), Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing (Leiner Health Products Inc), Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing (Leiner Health Products Inc)

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Events of Default; Acceleration. If an "Event of Default" (pursuant to and as defined in the Credit Agreement) shall have occurredoccurred and be continuing, then and in any such event the Mortgagee may Beneficiary may, subject to any applicable requirements of the Financing Order, the Credit Agreement and the Revolver Intercreditor Agreement, at any time thereafter (unless all Events of Default shall theretofore have been remedied and all costs and expenses, including, without limitation, attorneys' fees and expenses incurred by or on behalf of the MortgageeBeneficiary, shall have been paid in full by the MortgagorTrustor) declare, by written notice to the MortgagorTrustor, the Current Assets Loans and all other Secured Obligations to be due and payable immediately or on a date specified in such notice (PROVIDED that, upon the occurrence of any Event of Default described in Section 10.1.9. of the Credit Agreement, the Loans and all other Secured Obligations shall automatically become due and payable)notice, and on such date the same shall be and become due and payable, together with interest accrued thereon, without presentment, demand, protest or notice, all of which the Mortgagor Trustor hereby waives. The Mortgagor Trustor will pay on demand all costs and expenses, including, including without limitation, attorneys' fees and expenses, incurred by or on behalf of the Mortgagee Beneficiary in enforcing this MortgageDeed of Trust, or any other Loan DocumentDocument evidencing or securing the Current Assets Loans, or occasioned by any default hereunder or thereunder.

Appears in 1 contract

Samples: Current Assets Secured Parties Deed of Trust, Assignment of Leases and Rents, Security Agreement and Fixture Filing (Sterling Chemical Inc)

Events of Default; Acceleration. If an "Event of Default" (pursuant to and as defined in the Credit AgreementIndenture) shall have occurredoccurred and be continuing, then and in any such event the Mortgagee may at any time thereafter (unless all Events of Default shall theretofore have been remedied and all costs and expenses, including, without limitation, attorneys' fees and expenses incurred by or on behalf of the Mortgagee, shall have been paid in full by the Mortgagor) declare, by written notice to the Mortgagor, the Loans Senior Secured Notes and all other Secured Obligations to be due and payable immediately or on a date specified in such notice (PROVIDED that, upon the occurrence of any Event of Default described in Section 10.1.9. of the Credit Agreement, the Loans and all other Secured Obligations shall automatically become due and payable)notice, and on such date the same shall be and become due and payable, together with interest accrued thereon, without presentment, demand, protest or notice, all of which the Mortgagor hereby waives. The Mortgagor will pay on demand all costs and expenses, including, without limitation, attorneys' fees and expenses, incurred by or on behalf of the Mortgagee in enforcing this Mortgage, the Indenture, the Senior Secured Notes, or any other Loan Document, the Security Agreements executed pursuant to the Indenture or occasioned by any default hereunder or thereunder.

Appears in 1 contract

Samples: Second Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing (Sterling Chemical Inc)

Events of Default; Acceleration. If an "Event of Default" (pursuant to and as defined in the Credit Agreement) shall have occurredoccurred and be continuing, then and in any such event the Mortgagee may Grantee may, subject to any applicable requirements of the Financing Order, the Credit Agreement and the Revolver Intercreditor Agreement, at any time thereafter (unless all Events of Default shall theretofore have been remedied and all costs and expenses, including, without limitation, attorneys' fees and expenses incurred by or on behalf of the MortgageeGrantee, shall have been paid in full by the MortgagorGrantor) declare, by written notice to the MortgagorGrantor, the Current Assets Loans and all other Secured Obligations to be due and payable immediately or on a date specified in such notice (PROVIDED that, upon the occurrence of any Event of Default described in Section 10.1.9. of the Credit Agreement, the Loans and all other Secured Obligations shall automatically become due and payable)notice, and on such date the same shall be and become due and payable, together with interest accrued thereon, without presentment, demand, protest or notice, all of which the Mortgagor Grantor hereby waives. The Mortgagor Grantor will pay on demand all costs and expenses, including, without limitation, attorneys' fees and expenses, incurred by or on behalf of the Mortgagee Grantee in enforcing this MortgageDeed, or any other Loan DocumentDocument evidencing or securing the Current Assets Loans, or occasioned by any default hereunder or thereunder.

Appears in 1 contract

Samples: Leasehold Deed to Secure Debt, Assignment and Security Agreement (Sterling Chemical Inc)

Events of Default; Acceleration. If an "Event of Default" (pursuant to and as defined in the Credit AgreementIndenture) shall have occurred, then and in any such event the Mortgagee may at any time thereafter (unless all Events of Default shall theretofore have been remedied and all costs and expenses, including, without limitation, attorneys' fees and expenses incurred by or on behalf of the Mortgagee, shall have been paid in full by the Mortgagor) declare, by written notice to the Mortgagor, the Loans Notes and all other Secured Obligations to be due and payable immediately or on a date specified in such notice (PROVIDED provided that, upon the occurrence of any Event of Default described in Section 10.1.9. 6.01 of the Credit AgreementIndenture, the Loans Notes and all other Secured Obligations shall automatically become due and payable), and on such date the same shall be and become due and payable, together with interest accrued thereon, without presentment, demand, protest or notice, all of which the Mortgagor hereby waives. The Mortgagor will pay on demand all costs and expenses, including, without limitation, attorneys' fees and expenses, incurred by or on behalf of the Mortgagee in enforcing this Mortgage, or any other Loan Indenture Document, or occasioned by any default hereunder or thereunder.

Appears in 1 contract

Samples: Indenture (New World Restaurant Group Inc)

Events of Default; Acceleration. If an "Event of Default" (pursuant to and as defined in the Credit Agreement) shall have occurredoccurred and be continuing, then and in any such event the Mortgagee Beneficiary may at any time thereafter (unless all Events of Default shall theretofore have been remedied and all costs and expenses, including, without limitation, attorneys' fees and expenses incurred by or on behalf of the MortgageeBeneficiary, shall have been paid in full by the MortgagorTrustor) declare, by written notice to the MortgagorTrustor, the Fixed Assets Loans and all other Secured Obligations to be due and payable immediately or on a date specified in such notice (PROVIDED provided that, upon the occurrence of any Event of Default described in Section 10.1.9. 8.1.9 of the Credit Agreement, the Fixed Assets Loans and all other Secured Obligations shall automatically become due and payable), and on such date the same shall be and become due and payable, together with interest accrued thereon, without presentment, demand, protest or notice, all of which the Mortgagor Trustor hereby waives. The Mortgagor Trustor will pay on demand all costs and expenses, including, including without limitation, attorneys' fees and expenses, incurred by or on behalf of the Mortgagee Beneficiary in enforcing this MortgageDeed of Trust, or any other Loan DocumentDocument evidencing or securing the Fixed Assets Loans, or occasioned by any default hereunder or thereunder.

Appears in 1 contract

Samples: Deed of Trust (Sterling Chemical Inc)

Events of Default; Acceleration. If an "Event of Default" (pursuant to and as defined in the Credit Agreement) shall have occurredoccurred and be continuing, then and in any such event the Mortgagee may may, subject to any applicable requirements of the Financing Order, the Credit Agreement and the Revolver Intercreditor Agreement, at any time thereafter (unless all Events of Default shall theretofore have been remedied and all costs and expenses, including, without limitation, attorneys' fees and expenses incurred by or on behalf of the Mortgagee, shall have been paid in full by the Mortgagor) declare, by written notice to the Mortgagor, the Current Assets Loans and all other Secured Obligations to be due and payable immediately or on a date specified in such notice (PROVIDED that, upon the occurrence of any Event of Default described in Section 10.1.9. of the Credit Agreement, the Loans and all other Secured Obligations shall automatically become due and payable)notice, and on such date the same shall be and become due and payable, together with interest accrued thereon, without presentment, demand, protest or notice, all of which the Mortgagor hereby waives. The Mortgagor will pay on demand all costs and expenses, including, without limitation, attorneys' fees and expenses, incurred by or on behalf of the Mortgagee in enforcing this Mortgage, or any other Loan DocumentDocument evidencing or securing the Current Assets Loans, or occasioned by any default hereunder or thereunder.

Appears in 1 contract

Samples: Mortgage, Assignment of Leases and Rents, Security Agreement (Sterling Chemical Inc)

Events of Default; Acceleration. If an "Event of Default" (pursuant to and as defined in the Credit Agreement) shall have occurredoccurred and be continuing, then and in any such event the Mortgagee may at any time thereafter (unless all Events of Default shall theretofore have been remedied and all costs and expenses, including, without limitation, attorneys' fees and expenses incurred by or on behalf of the Mortgagee, shall have been paid in full by the Mortgagor) declare, by written notice to the Mortgagor, the Fixed Assets Loans and all other Secured Obligations to be due and payable immediately or on a date specified in such notice (PROVIDED provided that, upon the occurrence of any Event of Default described in Section 10.1.9. 8.1.9 of the Credit Agreement, the Fixed Assets Loans and all other Secured Obligations shall automatically become due and payable), and on such date the same shall be and become due and payable, together with interest accrued thereon, without presentment, demand, protest or notice, all of which the Mortgagor hereby waives. The Mortgagor will pay on demand all costs and expenses, including, without limitation, attorneys' fees and expenses, incurred by or on behalf of the Mortgagee in enforcing this Mortgage, or any other Loan DocumentDocument evidencing or securing the Fixed Assets Loans, or occasioned by any default hereunder or thereunder.

Appears in 1 contract

Samples: Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing (Sterling Chemical Inc)

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Events of Default; Acceleration. If an "Event of Default" (pursuant to and as defined in the Credit Agreement) shall have occurredoccurred and be continuing, then and in any such event the Mortgagee Grantee may at any time thereafter (unless all Events of Default shall theretofore have been remedied and all costs and expenses, including, without limitation, attorneys' fees and expenses incurred by or on behalf of the MortgageeGrantee, shall have been paid in full by the MortgagorGrantor) declare, by written notice to the MortgagorGrantor, the Fixed Assets Loans and all other Secured Obligations to be due and payable immediately or on a date specified in such notice (PROVIDED provided that, upon the occurrence of any Event of Default described in Section 10.1.9. 8.1.9 of the Credit Agreement, the Fixed Assets Loans and all other Secured Obligations shall automatically become due and payable), and on such date the same shall be and become due and payable, together with interest accrued thereon, without presentment, demand, protest or notice, all of which the Mortgagor Grantor hereby waives. The Mortgagor Grantor will pay on demand all costs and expenses, including, without limitation, attorneys' fees and expenses, incurred by or on behalf of the Mortgagee Grantee in enforcing this MortgageDeed, or any other Loan DocumentDocument evidencing or securing the Fixed Assets Loans, or occasioned by any default hereunder or thereunder.

Appears in 1 contract

Samples: Leasehold Deed to Secure Debt, Assignment and Security Agreement (Sterling Chemical Inc)

Events of Default; Acceleration. If an "Event of Default" (pursuant to and as defined in the Credit Agreement) shall have occurred, then and in any such event the Mortgagee Beneficiary may at any time thereafter (unless all Events of Default shall theretofore have been remedied and all costs and expenses, including, without limitation, attorneys' fees and expenses incurred by or on behalf of the MortgageeBeneficiary, shall have been paid in full by the MortgagorTrustor) declare, by written notice to the MortgagorTrustor, the Loans and all other Secured Obligations to be due and payable immediately or on a date specified in such notice notice, (PROVIDED provided that, upon the occurrence of any Event of Default described in Section 10.1.9. of the Credit Agreement, the Loans and all other Secured Obligations shall automatically become due and payable), and on such date the same shall be and become due and payable, together with interest accrued thereon, without presentment, demand, protest or notice, all of which the Mortgagor Trustor hereby waives. The Mortgagor Trustor will pay on demand all costs and expenses, including, including without limitation, attorneys' fees and expenses, incurred by or on behalf of the Mortgagee Beneficiary in enforcing this MortgageDeed of Trust, or any other Loan Document, or occasioned by any default hereunder or thereunder.

Appears in 1 contract

Samples: Leasehold Deed of Trust, Assignment of Leases and Rents (Leiner Health Products Inc)

Events of Default; Acceleration. If an "Event of Default" ------------------------------- (pursuant to and as defined in the Credit Agreement) shall have occurred, then and in any such event the Mortgagee may at any time thereafter (unless all Events of Default shall theretofore have been remedied and all costs and expenses, including, without limitation, attorneys' fees and expenses incurred by or on behalf of the Mortgagee, shall have been paid in full by the Mortgagor) declare, by written notice to the Mortgagor, the Term Loans and all other Secured Obligations to be due and payable immediately or on a date specified in such notice (PROVIDED provided that, upon the occurrence of any Event of Default -------- described in Section 10.1.9. 8.1.9 of the Credit Agreement, the Term Loans and all other Secured Obligations shall automatically become due and payable), and on such date the same shall be and become due and payable, together with interest accrued thereon, without presentment, demand, protest or notice, all of which the Mortgagor hereby waives. The Mortgagor will pay on demand all costs and expenses, including, without limitation, attorneys' fees and expenses, incurred by or on behalf of the Mortgagee in enforcing this Mortgage, or any other Loan Document, or occasioned by any default hereunder or thereunder.

Appears in 1 contract

Samples: Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing (Jorgensen Earle M Co /De/)

Events of Default; Acceleration. If an "Event of Default" (pursuant to and as defined in the Credit Agreement) shall have occurredoccurred and be continuing, then and in any such event the Mortgagee may may, subject to any applicable requirements of the Financing Order, the Credit Agreement and the Revolver Intercreditor Agreement, at any time thereafter (unless all Events of Default shall theretofore have been remedied and all costs and expenses, including, without limitation, attorneys' fees and expenses incurred by or on behalf of the Mortgagee, shall have been paid in full by the Mortgagor) declare, by written notice to the Mortgagor, the Fixed Assets Loans and all other Secured Obligations to be due and payable immediately or on a date specified in such notice (PROVIDED that, upon the occurrence of any Event of Default described in Section 10.1.9. of the Credit Agreement, the Loans and all other Secured Obligations shall automatically become due and payable)notice, and on such date the same shall be and become due and payable, together with interest accrued thereon, without presentment, demand, protest or notice, all of which the Mortgagor hereby waives. The Mortgagor will pay on demand all costs and expenses, including, without limitation, attorneys' fees and expenses, incurred by or on behalf of the Mortgagee in enforcing this Mortgage, or any other Loan DocumentDocument evidencing or securing the Fixed Assets Loans, or occasioned by any default hereunder or thereunder.

Appears in 1 contract

Samples: Mortgage, Assignment of Leases and Rents, Security Agreement (Sterling Chemical Inc)

Events of Default; Acceleration. If an "Event of Default" (pursuant to and as defined in the Credit Agreement) shall have occurred, then and in any such event the Mortgagee may at any time thereafter (unless all Events of Default shall theretofore have been remedied and all costs and expenses, including, without limitation, attorneys' fees and expenses incurred by or on behalf of the Mortgagee, shall have been paid in full by the Mortgagor) declare, by written notice to the Mortgagor, the Loans and all other Secured Obligations to be due and payable immediately or on a date specified in such notice (PROVIDED provided that, upon the occurrence of any Event of Default described in Section 10.1.9. 8.1.9 of the Credit Agreement, the Loans and all other Secured Obligations shall automatically become due and payable), and on such date the same shall be and become due and payable, together with interest accrued thereon, without presentment, demand, protest or notice, all of which the Mortgagor hereby waives. The Mortgagor will pay on demand all costs and expenses, including, without limitation, attorneys' fees and expenses, incurred by or on behalf of the Mortgagee in enforcing this Mortgage, or any other Loan Document, or occasioned by any default hereunder or thereunderEvent of Default.

Appears in 1 contract

Samples: Credit Agreement (Sabre Industries, Inc.)

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