Common use of Events of Default in General Clause in Contracts

Events of Default in General. If an Event of Default (other than one specified in paragraph (n) of Section 9.1 (Insolvency, Bankruptcy, Etc.) hereof) shall occur and be continuing or shall exist, then, in addition to all other rights and remedies which the Administrative Agent, the Collateral Agent or any other Lender Party may have hereunder or under any other Loan Document, at law, in equity or otherwise, the Lenders shall be under no further obligation to make Loans, the Issuer shall be under no further obligation to issue Letters of Credit hereunder, and the Administrative Agent may, (and upon the written request of the Required Lenders, shall), by notice to Genesis (on behalf of the Borrowers), from time to time do any or all of the following: (i) Declare the Commitments terminated, whereupon the Commitments will terminate and any fees hereunder shall be immediately due and payable without presentment, demand, protest or further notice of any kind, all of which are hereby waived, and an action therefor shall immediately accrue. (ii) Declare the unpaid principal amount of the Loans, interest accrued thereon and all other Loan Obligations to be immediately due and payable without presentment, demand, protest or further notice of any kind, all of which are hereby waived, and an action therefor shall immediately accrue. (iii) Direct the Borrowers to pay (and the Borrowers jointly and severally agree that upon receipt of notice they will pay) to the Administrative Agent cash for deposit to the credit of the Letter of Credit collateral account in accordance with Article 3 hereof. (iv) Take (or direct the Collateral Agent to take) any and all actions permitted under the Pledge Agreement or other Loan Documents. (v) Exercise such other remedies as may be available to the Lender Parties under applicable Law.

Events of Default in General. If an Event of Default (other than one specified in paragraph (nm) of Section 9.1 7.1 (Insolvency, Bankruptcy, Etc.) hereof) shall occur and be continuing or shall exist, then, in addition to all other rights and remedies which the Administrative Agent, the Collateral Agent or any other Lender Party may have hereunder or under any other Loan Document, at law, in equity or otherwise, the Lenders shall be under no further obligation to make Loans, the Issuer shall be under no further obligation to issue Letters of Credit hereunder, and the Administrative Agent may, (and upon the written request of the Required Lenders, shall), by notice to Genesis Multicare (on behalf of the Borrowers), from time to time do any or all of the following: (i) Declare the Commitments terminated, whereupon the Commitments will terminate and any fees hereunder shall be immediately due and payable without presentment, demand, protest or further notice of any kind, all of which are hereby waived, and an action therefor shall immediately accrue. (ii) Declare the unpaid principal amount of the Loans, interest accrued thereon and all other Loan Obligations to be immediately due and payable without presentment, demand, protest or further notice of any kind, all of which are hereby waived, and an action therefor shall immediately accrue. (iii) Direct the Borrowers to pay (and the Borrowers jointly and severally agree that upon receipt of notice they will pay) to the Administrative Agent cash for deposit to the credit of the Letter of Credit collateral account in accordance with Article 3 1A hereof. (iv) Take (or direct the Collateral Agent to take) any and all actions permitted under the Pledge Agreement or other Loan Documents. (v) Exercise such other remedies as may be available to the Lender Parties under applicable Law.

Events of Default in General. If an Event of Default (other than one specified in paragraph paragraphs (no) and (p) of Section 9.1 7.1 (Insolvency, Bankruptcy, Etc.) hereof, excluding clauses (i) - (iii) and (1) of paragraph (p)) shall occur and be continuing or shall exist, then, in addition to all other rights and remedies which the Administrative Agent, the Collateral Agent or any other Lender Party may have hereunder or under any other Loan Document, at law, in equity or otherwise, the Lenders shall be under no further obligation to make Loans, the Issuer shall be under have no further obligation to issue Letters of Credit hereunder, and the Administrative Agent may, (and and, upon the written request of the Required Lenders, Majority Lenders shall), ) by notice to Genesis (on behalf of the Borrowers)Xxxxxxxx, from time to time do any or all of the following: (i) Declare the Commitments terminated, whereupon the Commitments will terminate and any fees hereunder shall be immediately due and payable without presentment, demand, protest or further notice of any kind, all of which are hereby waived, and an action therefor shall immediately accrue. (ii) Declare the unpaid principal amount of the Loans, interest accrued thereon and all other Loan Obligations (other than obligations incurred under a Qualified Interest Rate Hedging Agreement) to be immediately due and payable without presentment, demand, protest or further notice of any kind, all of which are hereby waived, and an action therefor shall immediately accrue. (iii) Direct the Borrowers to pay (and the Borrowers jointly and severally agree that upon receipt of notice they will pay) to the Administrative Agent cash for deposit to the credit of the Letter of Credit collateral account in accordance with Article 3 hereof. (iv) Take (or direct the Collateral Agent to take) any and all actions permitted under the Pledge Agreement or other Loan Documents. (v) Exercise such other remedies as may be available to the Lender Parties Lenders under applicable Law.

Events of Default in General. If an Event of Default (other than one specified in paragraph paragraphs (no) and (p) of Section 9.1 7.1 (Insolvency, Bankruptcy, Etc.) hereof) shall occur and be continuing or shall exist, then, in addition to all other rights and remedies which the Administrative Agent, the Collateral Agent or any other Lender Party may have hereunder or under any other Loan Document, at law, in equity or otherwise, the Lenders shall be under no further obligation to make Loans, the Issuer shall be under have no further obligation to issue Letters of Credit hereunder, and the Administrative Agent may, (and and, upon the written request of the Required Lenders, Majority Lenders shall), ) by notice to Genesis (on behalf of the Borrowers)Borrower, from time to time do any or all of the following: (i) Declare the Commitments terminated, whereupon the Commitments will terminate and any fees hereunder shall be immediately due and payable without presentment, demand, protest or further notice of any kind, all of which are hereby waived, and an action therefor shall immediately accrue. (ii) Declare the unpaid principal amount of the Loans, interest accrued thereon and all other Loan Obligations (other than obligations incurred under an Interest Rate Hedging Agreement) to be immediately due and payable without presentment, demand, protest or further notice of any kind, all of which are hereby waived, and an action therefor shall immediately accrue. (iii) Direct the Borrowers to pay (and the Borrowers jointly and severally agree that upon receipt of notice they will pay) to the Administrative Agent cash for deposit to the credit of the Letter of Credit collateral account in accordance with Article 3 hereof. (iv) Take (or direct the Collateral Agent to take) any and all actions permitted under the Pledge Agreement or other Loan Documents. (v) Exercise such other remedies as may be available to the Lender Parties Lenders under applicable Law.

Events of Default in General. If an Event of Default (other than one specified in paragraph (nm) of Section 9.1 (Insolvency, Bankruptcy, Etc.) hereof) shall occur and be continuing or shall exist, then, in addition to all other rights and remedies which the Administrative Agent, the Collateral Agent or any other Lender Party may have hereunder or under any other Loan Document, at law, in equity or otherwise, the Lenders shall be under no further obligation to make Loans, the Issuer shall be under no further obligation to issue Letters of Credit hereunder, and the Administrative Agent may, (and upon the written request of the Required Lenders, shall), by notice to Genesis Multicare (on behalf of the Borrowers), from time to time do any or all of the following: (i) Declare the Commitments terminated, whereupon the Commitments will terminate and any fees hereunder shall be immediately due and payable without presentment, demand, protest or further notice of any kind, all of which are hereby waived, and an action therefor shall immediately accrue. (ii) Declare the unpaid principal amount of the Loans, interest accrued thereon and all other Loan Obligations to be immediately due and payable without presentment, demand, protest or further notice of any kind, all of which are hereby waived, and an action therefor shall immediately accrue. (iii) Direct the Borrowers to pay (and the Borrowers jointly and severally agree that upon receipt of notice they will pay) to the Administrative Agent cash for deposit to the credit of the Letter of Credit collateral account in accordance with Article 3 hereof. (iv) Take (or direct the Collateral Agent to take) any and all actions permitted under the Pledge Agreement or other Loan Documents. (v) Exercise such other remedies as may be available to the Lender Parties under applicable Law.