Common use of Maintenance Covenant Revolving Facility Acceleration Clause in Contracts

Maintenance Covenant Revolving Facility Acceleration. In the event of a continuing breach of the undertaking set out in Clause 24.3 (Financial condition), subject to the expiry of the cure period in Clause 24.4 (Cure provisions), the Facility Agent shall, if the Composite Revolving Facility Majority Lenders so directs: (a) cancel the Commitments in relation to any Maintenance Covenant Revolving Facility and any related Ancillary Facility Commitments at which time they shall be immediately cancelled; (b) declare that all or part of the Utilisations under any Maintenance Covenant Revolving Facility, together with accrued interest and all other amounts accrued or outstanding under such Maintenance Covenant Revolving Facility be immediately due and payable, at which time they shall be immediately due and payable; (c) declare that all or part of the Utilisations under any Maintenance Covenant Revolving Facility be payable on demand, whereupon they shall immediately become payable on demand by the Facility Agent on the instructions of the Composite Revolving Facility Majority Lenders; (d) declare that cash cover in respect of each Documentary Credit under any Maintenance Covenant Revolving Facility is immediately due and payable, at which time it shall become immediately due and payable; (e) declare that cash cover in respect of each Documentary Credit under any Maintenance Covenant Revolving Facility is payable on demand at which time it shall immediately become due and payable on demand by the Facility Agent on the instructions of the Composite Revolving Facility Majority Lenders; (f) declare all or any part of the amounts (or cash cover in relation to those amounts) outstanding under the Ancillary Facilities in relation to any Maintenance Covenant Revolving Facility to be immediately due and payable, at which time they shall become immediately due and payable; and/or (g) declare that all or any part of the amounts (or cash cover in relation to those amounts) outstanding under the Ancillary Facilities in relation to any Maintenance Covenant Revolving Facility be payable on demand, at which time they shall immediately become payable on demand by the Facility Agent on the instructions of the Composite Revolving Facility Majority Lenders.

Maintenance Covenant Revolving Facility Acceleration. In the event of a continuing breach of the undertaking undertakings set out in Clause 24.3 (Financial condition), subject to the expiry of the cure period in Clause 24.4 (Cure provisions), the Facility Agent shall, if the Composite Revolving Facility Majority Lenders so directs: (a) cancel the Commitments in relation to any Maintenance Covenant Revolving Facility and any related Ancillary Facility Commitments at which time they shall be immediately cancelled; (b) declare that all or part of the Utilisations under any Maintenance Covenant Revolving FacilityFacility together with accrued interest, together with accrued interest and all other amounts accrued or outstanding under such Maintenance Covenant Revolving Facility be immediately due and payable, at which time they shall be immediately due and payable; (c) declare that all or part of the Utilisations under any Maintenance Covenant Revolving Facility be payable on demand, whereupon they shall immediately become payable on demand by the Facility Agent on the instructions of the Composite Revolving Facility Majority Lenders; (d) declare that cash cover in respect of each Documentary Credit under any Maintenance Covenant Revolving Facility is immediately due and payable, at which time it shall become immediately due and payable; (e) declare that cash cover in respect of each Documentary Credit under any Maintenance Covenant Revolving Facility is payable on demand at which time it shall immediately become due and payable on demand by the Facility Agent on the instructions of the Composite Revolving Facility Majority Lenders; (f) declare all or any part of the amounts (or cash cover in relation to those amounts) outstanding under the Ancillary Facilities in relation to any Maintenance Covenant Revolving Facility to be immediately due and payable, at which time they shall become immediately due and payable; and/or (g) declare that all or any part of the amounts (or cash cover in relation to those amounts) outstanding under the Ancillary Facilities in relation to any Maintenance Covenant Revolving Facility be payable on demand, at which time they shall immediately become payable on demand by the Facility Agent on the instructions of the Composite Revolving Facility Majority Lenders.

Maintenance Covenant Revolving Facility Acceleration. In the event of a continuing breach of the undertaking set out in Clause 24.3 (Financial condition), subject to the expiry of the cure period in Clause 24.4 (Cure provisions), the Facility Agent shall, if the Composite Revolving Facility Majority Lenders so directs:106 (a) cancel the Commitments in relation to any Maintenance Covenant Revolving Facility and any related Ancillary Facility Commitments at which time they shall be immediately cancelled; (b) declare that all or part of the Utilisations under any Maintenance Covenant Revolving FacilityFacility together with accrued interest, together with accrued interest and all other amounts accrued or outstanding under such Maintenance Covenant Revolving Facility be immediately due and payable, at which time they shall be immediately due and payable; (c) declare that all or part of the Utilisations under any Maintenance Covenant Revolving Facility be payable on demand, whereupon they shall immediately become payable on demand by the Facility Agent on the instructions of the Composite Revolving Facility Majority Lenders; (d) declare that cash cover in respect of each Documentary Credit under any Maintenance Covenant Revolving Facility is immediately due and payable, at which time it shall become immediately due and payable; (e) declare that cash cover in respect of each Documentary Credit under any Maintenance Covenant Revolving Facility is payable on demand at which time it shall immediately become due and payable on demand by the Facility Agent on the instructions of the Composite Revolving Facility Majority Lenders; (f) declare all or any part of the amounts (or cash cover in relation to those amounts) outstanding under the Ancillary Facilities in relation to any Maintenance Covenant Revolving Facility to be immediately due and payable, at which time they shall become immediately due and payable; and/or (g) declare that all or any part of the amounts (or cash cover in relation to those amounts) outstanding under the Ancillary Facilities in relation to any Maintenance Covenant Revolving Facility be payable on demand, at which time they shall immediately become payable on demand by the Facility Agent on the instructions of the Composite Revolving Facility Majority Lenders.

Maintenance Covenant Revolving Facility Acceleration. In the event of a continuing breach of the undertaking undertakings set out in Clause 24.3 (Financial condition), subject to the expiry of the cure period in Clause 24.4 (Cure provisionsProvisions), the Facility Agent shall, if the Composite Revolving Facility Majority Lenders so directs: (a) cancel the Commitments in relation to any Maintenance Covenant Revolving Facility (other than in respect of Rollover Loans) and any related Ancillary Facility Commitments at which time they shall be immediately cancelled; (b) declare that all or part of the Utilisations under any Maintenance Covenant Revolving FacilityFacility together with accrued interest, together with accrued interest and all other amounts accrued or outstanding under such Maintenance Covenant Revolving Facility be immediately due and payable, at which time they shall be immediately due and payable;; 114 63529049_1 (c) declare that all or part of the Utilisations under any Maintenance Covenant Revolving Facility be payable on demand, whereupon they shall immediately become payable on demand by the Facility Agent on the instructions of the Composite Maintenance Covenant Revolving Facility Majority Lenders; (d) declare that cash cover in respect of each Documentary Credit under any Maintenance Covenant Revolving Facility is immediately due and payable, at which time it shall become immediately due and payable; (e) declare that cash cover in respect of each Documentary Credit under any Maintenance Covenant Revolving Facility is payable on demand at which time it shall immediately become due and payable on demand by the Facility Agent on the instructions of the Composite Maintenance Covenant Revolving Facility Majority Lenders; (f) declare all or any part of the amounts (or cash cover in relation to those amounts) outstanding under the Ancillary Facilities in relation to any Maintenance Covenant Revolving Facility to be immediately due and payable, at which time they shall become immediately due and payable; and/or (g) declare that all or any part of the amounts (or cash cover in relation to those amounts) outstanding under the Ancillary Facilities in relation to any Maintenance Covenant Revolving Facility be payable on demand, at which time they shall immediately become payable on demand by the Facility Agent on the instructions of the Composite Revolving Facility Majority Lenders.

Maintenance Covenant Revolving Facility Acceleration. In the event of a continuing breach of the undertaking undertakings set out in Clause 24.3 (Financial condition), subject to the expiry of the cure period in Clause 24.4 (Cure provisionsProvisions), the Facility Agent shall, if the Composite Revolving Facility Majority Lenders so directs: (a) cancel the Commitments in relation to any Maintenance Covenant Revolving Facility and any related Ancillary Facility Commitments at which time they shall be immediately cancelled; (b) declare that all or part of the Utilisations under any Maintenance Covenant Revolving FacilityFacility together with accrued interest, together with accrued interest and all other amounts accrued or outstanding under such Maintenance Covenant Revolving Facility be immediately due and payable, at which time they shall be immediately due and payable; (c) declare that all or part of the Utilisations under any Maintenance Covenant Revolving Facility be payable on demand, whereupon they shall immediately become payable on demand by the Facility Agent on the instructions of the Composite Revolving Facility Majority Lenders; (d) declare that cash cover in respect of each Documentary Credit under any Maintenance Covenant Revolving Facility is immediately due and payable, at which time it shall become immediately due and payable; (e) declare that cash cover in respect of each Documentary Credit under any Maintenance Covenant Revolving Facility is payable on demand at which time it shall immediately become due and payable on demand by the Facility Agent on the instructions of the Composite Revolving Facility Majority Lenders; (f) declare all or any part of the amounts (or cash cover in relation to those amounts) outstanding under the Ancillary Facilities in relation to any Maintenance Covenant Revolving Facility to be immediately due and payable, at which time they shall become immediately due and payable; and/or (g) declare that all or any part of the amounts (or cash cover in relation to those amounts) outstanding under the Ancillary Facilities in relation to any Maintenance Covenant Revolving Facility be payable on demand, at which time they shall immediately become payable on demand by the Facility Agent on the instructions of the Composite Revolving Facility Majority Lenders.