Loan Facility Events of Default. Bankruptcy) of the Common Terms Agreement occurs, all outstanding Commitments, if any, shall automatically terminate and the outstanding principal amount of the outstanding Loans and all other Loan Obligations shall automatically be and become immediately due and payable, in each case without notice, demand or further act of the Credit Facility Agent, the Lenders, the Intercreditor Agent, the Collateral Agent or any other Credit Facility Secured Party in accordance with Section 16.1(b) (Facility Lender Remedies for Loan Facility Declared Events of Default - Initiating Percentage for Enforcement Action with Respect to Collateral) of the Common Terms Agreement.
Appears in 3 contracts
Samples: Credit Facility Agreement (Venture Global, Inc.), Credit Facility Agreement (Venture Global, Inc.), Credit Facility Agreement (Venture Global, Inc.)
Loan Facility Events of Default. Bankruptcy) of the Common Terms Agreement occurs, all outstanding Commitments, if any, shall automatically terminate and the outstanding principal amount of the outstanding Loans and all other Loan Obligations shall automatically be and become immediately due and payable, in each case without notice, demand or further act of the Credit Facility Agent, the Lenders, the Intercreditor Agent, the Collateral Agent or any other Credit Facility Secured Party in accordance with Section 16.1(b) (Facility Lender Remedies for Loan Facility Declared Events of Default - Default—Initiating Percentage for Enforcement Action with Respect to Collateral) of the Common Terms Agreement.
Appears in 1 contract
