Immediate Default and Acceleration Clause Samples

Immediate Default and Acceleration. Upon the occurrence of an Event of Default described in Section 8.1(g) or Section 8.1(h), the Revolving Loan and the other financial accommodations extended to Borrower by Lender pursuant to the Loan Documents shall immediately terminate and all Obligations, shall immediately become due and payable without presentment, demand, protest or notice of any kind, all of which Borrower hereby waives.

Immediate Default and Acceleration. Following the occurrence of an Event of Default described in Section 8.1(i), the Facility shall immediately terminate and all Obligations, including all of any Borrower’s contingent liabilities with respect to any Letters of Credit, shall immediately become due and payable without presentment, demand, protest or notice of any kind (all of which each Borrower hereby waives).

Immediate Default and Acceleration. Following the occurrence of an Event of Default described in Section 6.1(f) or (g), the L/C Facility shall immediately terminate and all of the Companies' Indebtedness shall immediately become due and payable without presentment, demand, notice of intent to accelerate, notice of acceleration, protest or notice of any kind. miscellaneous