Common use of Materially Adverse Effect Clause in Contracts

Materially Adverse Effect. An event that would have a Materially Adverse Effect shall occur. THEN, or at any time thereafter so long as such Event of Default continues, the Agent, acting at the direction of the Required Lenders, upon notice to Borrower, shall do any one or more of the following: (A) Declare all or any of the Obligations of Borrower under this Credit Agreement, any Notes, or other Loan Document executed by Borrower to be immediately due and payable, and upon such declaration such Obligations so declared due and payable shall immediately become due and payable; provided that if such Event of Default is under Section 8(e), then all of the Obligations shall become immediately due and payable forthwith without the requirement of any notice or other action by Agent, or direction of the Required Lenders; and (B) Terminate this Credit Agreement, the Commitments and the Maximum Aggregate Available Loan Amount set forth herein, as to any future liability to make Loans, provided, that if such Event of Default arises pursuant to clause (e), the Commitments shall immediately and automatically terminate ; and (C) If any Letter(s) of Credit are outstanding as of such date, require the Borrower to remit to the Issuing Bank cash in an amount equal to the Letter of Credit Outstandings from time to time from and after such date, to be held as security for Borrower's reimbursement obligations in respect of such Letter of Credit Obligations; and

Materially Adverse Effect. An event that would have a Materially Adverse Effect shall occur. THEN, or at any time thereafter so long as such Event of Default continues, the Agent, acting at the direction of the Required Lenders, upon notice to Borrower, shall Borrower may do any one or more of the following: (A) Declare all or any of the Obligations of Borrower under this Credit Agreement, any NotesNote, or other Loan Document executed by Borrower to be immediately due and payable, and upon such declaration such Obligations so declared due and payable shall immediately become due and payable; provided that if such Event of Default is under Section 8(e), then all of the Obligations shall become immediately due and payable forthwith without the requirement of any notice or other action by Agent, or direction of the Required Lenders; and (B) Terminate this Credit Agreement, the Commitments and the Maximum Aggregate Available Loan Amount set forth herein, as to any future liability to make Loans, provided, that if such Event of Default arises pursuant to clause (e), the Commitments shall immediately and automatically terminate ; and (C) If Make advances of Loans after the occurrence of any Letter(s) Event of Default, without thereby waiving Agent's or any Lender's right to demand payment of the Obligations under this Credit are outstanding as Agreement, the Note or any of the other Loan Documents, or any other rights or remedies described in this Credit Agreement, and without liability to make any other or further advances, notwithstanding any previous exercise of any such date, require the Borrower to remit to the Issuing Bank cash in an amount equal to the Letter of Credit Outstandings from time to time from rights and after such date, to be held as security for Borrower's reimbursement obligations in respect of such Letter of Credit Obligationsremedies; and

Materially Adverse Effect. An event that would have a Materially Adverse Effect shall occur. THEN, or at any time thereafter so long as such Event of Default continues, the Agent, acting at the direction of the Required Lenders, upon notice to Borrower, shall do any one or more of the following: (A) Declare all or any of the Obligations of Borrower under this Credit Agreement, any NotesNote, or other Loan Document executed by Borrower to be immediately due and payable, and upon such declaration such Obligations so declared due and payable shall immediately become due and payable; provided that if such Event of Default is under Section 8(e), then all of the Obligations shall become immediately due and payable forthwith without the requirement of any notice or other action by Agent, or direction of the Required Lenders; and (B) Terminate this Credit Agreement, the Commitments and the Maximum Aggregate Available Loan Amount set forth herein, as to any future liability to make Loans, provided, that if such Event of Default arises pursuant to clause (e), the Commitments shall immediately and automatically terminate ; and (C) If any Letter(s) of Credit are outstanding as of such date, require the Borrower to remit to the Issuing Bank cash in an amount equal to the Letter of Credit Outstandings from time to time from and after such date, to be held as security for Borrower's reimbursement obligations in respect of such Letter of Credit Obligations; and