Common use of Inability to Accelerate Loan Clause in Contracts

Inability to Accelerate Loan. If the Administrative Agent, the Issuing Bank and/or the Lenders are prevented under Applicable Law or otherwise from demanding or accelerating payment of any of the Guarantied Obligations by reason of any automatic stay or otherwise, the Administrative Agent, the Issuing Bank and/or the Lenders shall be entitled to receive from each Guarantor, upon demand therefor, the sums which otherwise would have been due had such demand or acceleration occurred.

Appears in 1 contract

Samples: Credit Agreement (DiamondRock Hospitality Co)

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Inability to Accelerate Loan. If the Administrative Agent, the Issuing Bank Agent and/or the Lenders are prevented under Applicable Law applicable law or otherwise from demanding or accelerating payment of any of the Guarantied Obligations by reason of any automatic stay or otherwise, the Administrative Agent, the Issuing Bank Agent and/or the Lenders shall be entitled to receive from each Guarantor, upon demand therefortherefore, the sums which otherwise would have been due had such demand or acceleration occurred.

Appears in 1 contract

Samples: Credit Agreement (Harland John H Co)

Inability to Accelerate Loan. If the Administrative Agent, the Issuing Bank Agent ---------------------------- and/or the Lenders are prevented under Applicable Law or otherwise from demanding or accelerating payment of any of the Guarantied Obligations by reason of any automatic stay or otherwise, the Administrative Agent, the Issuing Bank Agent and/or the Lenders shall be entitled to receive from each Guarantor, upon demand therefor, the sums which otherwise would have been due had such demand or acceleration occurred.

Appears in 1 contract

Samples: Credit Agreement (CNL American Properties Fund Inc)

Inability to Accelerate Loan. If the Administrative Agent, the Issuing Bank Agent and/or the Lenders are prevented under Applicable Law or otherwise from demanding or accelerating payment of any of the Guarantied Obligations by reason of any automatic stay or otherwise, the Administrative Agent, the Issuing Bank Agent and/or the Lenders shall be entitled to receive from each Guarantor, upon demand therefor, the sums which otherwise would have been due had such demand or acceleration occurred.. LEGAL02/36006473v7

Appears in 1 contract

Samples: Term Loan Agreement (Corporate Office Properties, L.P.)

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Inability to Accelerate Loan. If the Administrative Agent, the Issuing Bank Agent and/or the Lenders are prevented under Applicable Law applicable law or otherwise from demanding or accelerating payment of any of the Guarantied Obligations by reason of any automatic stay or otherwise, the Administrative Agent, the Issuing Bank Agent and/or the Lenders shall be entitled to receive from each Guarantor, upon demand therefor, the sums which otherwise would have been due had such demand or acceleration occurred.

Appears in 1 contract

Samples: Credit Agreement (Corporate Property Associates 14 Inc)

Inability to Accelerate Loan. If the Administrative Agent, the Issuing Bank and/or the Lenders are Agent is prevented under Applicable Law or otherwise from demanding or accelerating payment of any of the Guarantied Obligations by reason of any automatic stay or otherwise, the Administrative Agent, on behalf of itself and the Issuing Bank and/or the Lenders Lenders, shall be entitled to receive from each Guarantor, upon demand therefor, the sums which otherwise would have been due had such demand or acceleration occurred.

Appears in 1 contract

Samples: Credit Agreement (Corporate Office Properties Trust)

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