Common use of Following an Event of Default Clause in Contracts

Following an Event of Default. If an Event of Default exists under Article IX other than under Sections 9.1(e)-(g), Administrative Agent may, by notice to Borrower, take either or both of the following actions, at the same or different times: (i) terminate Lenders’ commitments to make any additional Advances and (ii) declare all amounts then outstanding under the Promissory Note together with all other Obligations outstanding under this Agreement and the other Loan Documents (excluding the Swap Agreement) immediately due and payable, without presentment, demand, protest, notice of intent to accelerate, notice of acceleration or other notice of any kind, all of which are waived by Borrower.

Following an Event of Default. If an Event of Default exists under Article IX other than under Sections 9.1(e)-(g9.1(f)-(h), Administrative Agent may, by notice to Borrower, take either or both of the following actions, at the same or different times: (i) terminate Lenders’ commitments commitments, if any, to make any additional Advances and (ii) declare all amounts then outstanding under the Promissory Note together with all other Obligations outstanding under this Agreement and the other Loan Documents (excluding the Swap Agreement) immediately due and payable, without presentment, demand, protest, notice of intent to accelerate, notice of acceleration or other notice of any kind, all of which are waived by Borrower.