Common use of LENDER'S RIGHTS ON EVENT OF DEFAULT Clause in Contracts

LENDER'S RIGHTS ON EVENT OF DEFAULT. If the Majority Lenders issue a notice under: (a) clause 7.13(a) of the Common Terms Deed, the Commitments are cancelled; or (b) clause 7.13(b) of the Common Terms Deed, the Borrower will prepay all Advances, all accrued interest and all other amounts accrued to the Lender under the Finance Documents; or (c) clause 7.13(c) of the Common Terms Deed, the Advances will be immediately repayable on demand by the Lender together with accrued interest and all other amounts accrued to the Lender under the Finance Documents.

Appears in 3 contracts

Samples: Loan Agreement (Genesee & Wyoming Inc), Loan Agreement (Genesee & Wyoming Inc), Loan Agreement (Genesee & Wyoming Inc)

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LENDER'S RIGHTS ON EVENT OF DEFAULT. If the Majority Lenders issue a notice under: (a) clause 7.13(a) of the Common Terms Deed, the Commitments are cancelled; or (b) clause 7.13(b) of the Common Terms Deed, the Borrower will prepay all Advances, all accrued interest and all other amounts accrued to the Lender under the Finance Documents; or (c) clause 7.13(c) of the Common Terms Deed, the Advances will be immediately repayable on demand by the Lender together with accrued interest and all other amounts accrued to the Lender under the Finance Documents.. *** TEXT OMITTED AND FILED SEPARATELY CONFIDENTIAL TREATMENT REQUESTED

Appears in 1 contract

Samples: Loan Agreement (Genesee & Wyoming Inc)

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