Common use of Non-Bankruptcy Defaults Clause in Contracts

Non-Bankruptcy Defaults. When any Event of Default other than those described in subsections (f) or (g) of Section 8.1 hereof has occurred and is continuing, the Administrative Agent shall, if so directed by the Required Lenders, by written notice to Borrower: (a) terminate the remaining Commitments and all other obligations of the Lenders hereunder on the date stated in such notice (which may be the date thereof); and (b) declare the principal of and the accrued interest on all outstanding Loans to be forthwith due and payable and thereupon all outstanding Loans, including both principal and interest thereon, and all other Obligations, shall be and become immediately due and payable together with all other amounts payable under the Credit Documents without further demand, presentment, protest or notice of any kind, all of which are hereby waived by the Borrower. The Administrative Agent, after giving notice to Borrower pursuant to Section 8.1(c) or this Section 8.2, shall also promptly send a copy of such notice to the other Lenders, but the failure to do so shall not impair or annul the effect of such notice.

Appears in 16 contracts

Samples: Assignment and Assumption (Nicor Inc), Assignment and Assumption (Northern Illinois Gas Co /Il/ /New/), Credit Agreement (Nicor Inc)

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Non-Bankruptcy Defaults. When any Event of Default other than those described in subsections (f) or (g) of Section 8.1 hereof has occurred and is continuing, the Administrative Agent shall, if so directed by the Required Lenders, by written notice to BorrowerBorrowers: (a) terminate the remaining Commitments and all other obligations of the Lenders hereunder on the date stated in such notice (which may be the date thereof); and (b) declare the principal of and the accrued interest on all outstanding Loans to be forthwith due and payable and thereupon all outstanding Loans, including both principal and interest thereon, and all other Obligations, shall be and become immediately due and payable together with all other amounts payable under the Credit Documents without further demand, presentment, protest or notice of any kind, all of which are hereby waived by the each Borrower. The Administrative Agent, after giving notice to Borrower Borrowers pursuant to Section 8.1(c) or this Section 8.2, shall also promptly send a copy of such notice to the other Lenders, but the failure to do so shall not impair or annul the effect of such notice.

Appears in 8 contracts

Samples: Credit Agreement (Nicor Inc), Credit Agreement (Northern Illinois Gas Co /Il/ /New/), Credit Agreement (Nicor Inc)

Non-Bankruptcy Defaults. When Subject to Section 7.3, when any Event of Default (other than those described in subsections subsection (fj) or (gk) of Section 8.1 9.1 hereof with respect to the Borrower) has occurred and is continuing, the Administrative Agent shall, by written notice to the Borrower: if so directed by the Required Lenders, by written notice to Borrower: (a) terminate the remaining Commitments and all other obligations of the Lenders hereunder on the date stated in such notice (which may be the date thereof); and (bi) declare the principal of and the accrued interest on all outstanding Loans to be forthwith due and payable and thereupon all outstanding Loans, including both principal and interest thereon, and all other Obligations, shall be and become immediately due and payable together with all other amounts payable under the Credit Loan Documents without further demand, presentment, protest or notice of any kindkind and (ii) subject to Section 13.2(b), exercise on behalf of itself and the Lenders all of which are hereby waived by rights and remedies available to it and the BorrowerLenders under the Loan Documents. The Administrative Agent, after giving notice to the Borrower pursuant to Section 8.1(c9.1(c) or this Section 8.29.2, shall also promptly send a copy of such notice to the other Lenders, but the failure to do so shall not impair or annul the effect of such notice.

Appears in 6 contracts

Samples: Credit Agreement, Term Loan Credit Agreement (J M SMUCKER Co), Term Loan Credit Agreement (J M SMUCKER Co)

Non-Bankruptcy Defaults. When any Event of Default (other than those described in subsections subsection (fj) or (gk) of Section 8.1 9.1 hereof with respect to the Borrower) has occurred and is continuing, the Administrative Agent shall, by written notice to the Borrower: (a) if so directed by the Required Lenders, by written notice to Borrower: (a) terminate the remaining Commitments and all other obligations of the Lenders hereunder on the date stated in such notice (which may be the date thereof); and (b) if so directed by the Required Lenders, declare the principal of and the accrued interest on all outstanding Loans to be forthwith due and payable and thereupon all outstanding Loans, including both principal and interest thereon, and all other Obligations, shall be and become immediately due and payable together with all other amounts payable under the Credit Loan Documents without further demand, presentment, protest or notice of any kind, all of which are hereby waived by the Borrower. The Administrative Agent, after giving notice to the Borrower pursuant to Section 8.1(c9.1(c) or this Section 8.29.2, shall also promptly send a copy of such notice to the other Lenders, but the failure to do so shall not impair or annul the effect of such notice.

Appears in 5 contracts

Samples: Credit Agreement (StoneX Group Inc.), Credit Agreement (Intl Fcstone Inc.), Credit Agreement (FCStone Group, Inc.)

Non-Bankruptcy Defaults. When any Event of Default other than those described in subsections (f) or (g) of Section 8.1 hereof has occurred and is continuing, the Administrative Agent shall, by written notice to the Borrower if so directed by the Required Lenders, by written notice to BorrowerBanks: (a) terminate the remaining Revolving Credit Commitments and all other obligations of the Lenders Banks hereunder on the date stated in such notice (which may be the date thereof); and (b) declare the principal of and the accrued interest on all outstanding Loans Notes to be forthwith due and payable and thereupon all outstanding LoansNotes, including both principal and interest thereon, and all other Obligations, shall be and become immediately due and payable together with all other amounts payable under the Credit Documents without further demand, presentment, protest or notice of any kind, all of which are hereby waived by the Borrower. The Administrative Agent, after giving notice to the Borrower pursuant to Section 8.1(c) or this Section 8.2, shall also promptly send a copy of such notice to the other LendersBanks, but the failure to do so shall not impair or annul the effect of such notice.

Appears in 4 contracts

Samples: Credit Agreement (Peoples Energy Corp), Credit Agreement (North Shore Gas Co /Il/), Credit Agreement (North Shore Gas Co /Il/)

Non-Bankruptcy Defaults. When any Event of Default other than those described in subsections (f) or (g) of Section 8.1 hereof has occurred and is continuing, the Administrative Agent shall, if so directed by the Required LendersBanks, by written notice to Borrower: (a) terminate the remaining Commitments and all other obligations of the Lenders Banks hereunder on the date stated in such notice (which may be the date thereof); and (b) declare the principal of and the accrued interest on all outstanding Loans Notes to be forthwith due and payable and thereupon all outstanding LoansNotes, including both principal and interest thereon, and all other Obligations, shall be and become immediately due and payable together with all other amounts payable under the Credit Documents without further demand, presentment, protest or notice of any kind, all of which are hereby waived by the Borrower. The Administrative Agent, after giving notice to Borrower pursuant to Section 8.1(c) or this Section 8.2, shall also promptly send a copy of such notice to the other LendersBanks, but the failure to do so shall not impair or annul the effect of such notice.

Appears in 4 contracts

Samples: Assignment and Assumption (Black Hills Corp /Sd/), Day Credit Agreement (Black Hills Corp /Sd/), Day Credit Agreement (Black Hills Corp /Sd/)

Non-Bankruptcy Defaults. When any Event of Default other than those described in subsections (fe) or (gf) of Section 8.1 hereof has occurred and is continuing, the Administrative Agent shall, by written notice to the Borrower: (a) if so directed by the Required LendersBanks, by written notice to Borrower: (a) terminate the remaining Commitments and all other obligations of the Lenders Banks hereunder on the date stated in such notice (which may be the date thereof); and (b) if so directed by the Required Banks, declare the principal of and the accrued interest on all outstanding Loans Notes to be forthwith due and payable and thereupon all outstanding LoansNotes, including both principal and interest thereon, and all other Obligations, shall be and become immediately due and payable together with all other amounts payable under the Credit Documents without further demand, presentment, protest or notice of any kind, all of which are hereby waived by the Borrower. The Administrative Agent, after giving notice to the Borrower pursuant to Section 8.1(c), 8.1(d) or this Section 8.2, shall also promptly send a copy of such notice to the other LendersBanks, but the failure to do so shall not impair or annul the effect of such notice.

Appears in 3 contracts

Samples: Credit Agreement (NRG Energy Inc), Credit Agreement (NRG Energy Inc), Credit Agreement (NRG Energy Inc)

Non-Bankruptcy Defaults. When any Event of Default other than those described in subsections Sections (fp), (q) or (gr) of Section 8.1 9.1 hereof with respect to the Borrower has occurred and is continuing, the Administrative Agent shall, if so directed by the Required Lenders, by written notice to the Borrower, take either or both of the following actions: (a) terminate the remaining Commitments and all other obligations of the Lenders hereunder on the date stated in such notice (which may be the date thereof); and (b) declare the principal of and the accrued interest on all outstanding Loans of the Borrower to be forthwith due and payable and thereupon all outstanding of said Loans, including both principal and interest thereon, and all other Obligationsinterest, shall be and become immediately due and payable together with all other amounts payable under this Agreement and the Credit other Loan Documents without further demand, presentment, protest or notice of any kind, all of which are hereby waived by the Borrower. The Administrative Agent, after giving notice to the Borrower pursuant to Section 8.1(c) or this Section 8.29.3, shall also promptly send a copy of such notice to the other Lenders, but the failure to do so shall not impair or annul the effect of such notice.. Section 9.4

Appears in 3 contracts

Samples: World Acceptance Corp, World Acceptance Corp, World Acceptance Corp

Non-Bankruptcy Defaults. When any Event of Default other than those described in subsections (fi) or (gj) of Section 8.1 hereof has occurred and is continuing, the Administrative Agent shall, by written notice to the Borrower: (a) if so directed by the Required Lenders, by written notice to Borrower: (a) terminate the remaining Commitments and all other obligations of the Lenders hereunder on the date stated in such notice (which may be the date thereof); and (b) if so directed by the Required Lenders, declare the principal of and the accrued interest on all outstanding Loans and all other amounts due under the Loan Documents to be forthwith due and payable and thereupon all outstanding Loans, including both principal and interest thereon, and all other Obligations, shall be and become immediately due and payable together with all other amounts payable under the Credit Loan Documents without further demand, presentment, protest or notice of any kind, all of which are hereby waived by the Borrower. The Administrative Agent, after giving notice to the Borrower pursuant to Section 8.1(c) or this Section 8.2, shall also promptly send a copy of such notice to the other Lenders, but the failure to do so shall not impair or annul the effect of such notice.

Appears in 2 contracts

Samples: Day Credit Agreement (Hewitt Associates Inc), Day Credit Agreement (Hewitt Associates Inc)

Non-Bankruptcy Defaults. When any Event of Default other than those described in subsections (f) or (g) of Section 8.1 hereof has occurred and is continuing, the Administrative Agent shall, if so directed by the Required LendersBanks, by written notice to Borrower: (a) terminate the remaining Commitments and all other obligations of the Lenders Banks hereunder on the date stated in such notice (which may be the date thereof); and (b) declare the principal of and the accrued interest on all outstanding Loans Notes to be forthwith due and payable and thereupon all outstanding LoansNotes, including both principal and interest thereon, and all other Obligations, shall be and become immediately due and payable together with all other amounts payable under the Credit Documents without further demand, presentment, protest or notice of any kind, all and Borrower agrees to immediately make such payment and acknowledge and agrees that the Banks would not have an adequate remedy at law for failure by Borrower to honor any such demand and that the Administrative Agent, for the benefit of which are hereby waived by the BorrowerBanks, shall have the right to require Borrower to specifically perform such undertaking. The Administrative Agent, after giving notice to Borrower pursuant to Section 8.1(c) or this Section 8.2, shall also promptly send a copy of such notice to the other LendersBanks, but the failure to do so shall not impair or annul the effect of such notice.

Appears in 2 contracts

Samples: Credit Agreement (Black Hills Corp /Sd/), Credit Agreement (Black Hills Corp /Sd/)

Non-Bankruptcy Defaults. When any Event of Default other than those described in subsections (e), (f) or (g) of Section 8.1 hereof has occurred and is continuing, the Administrative Agent shall, by written notice to the Borrower: (a) if so directed by the Required LendersBanks, by written notice to Borrower: (a) terminate the remaining Commitments and all other obligations of the Lenders Banks hereunder on the date stated in such notice (which may be the date thereof); and (b) if so directed by the Required Banks, declare the principal of and the accrued interest on all outstanding Loans Notes to be forthwith due and payable and thereupon all outstanding LoansNotes, including both principal and interest thereon, and all other Obligations, shall be and become immediately due and payable together with all other amounts payable under the Credit Documents without further demand, presentment, protest or notice of any kind, all of which are hereby waived by the Borrower. The Administrative Agent, after giving notice to the Borrower pursuant to Section 8.1(c), 8.1(d) or this Section 8.2, shall also promptly send a copy of such notice to the other LendersBanks, but the failure to do so shall not impair or annul the effect of such notice.

Appears in 2 contracts

Samples: Credit Agreement (NRG Energy Inc), Credit Agreement (NRG Energy Inc)

Non-Bankruptcy Defaults. When any Event of Default other than those described in subsections (f) or (g) of Section 8.1 hereof has occurred and is continuing, the Administrative Agent shall, if so directed by the Required Lenders, by written notice to Borrower: (a) terminate the remaining Commitments and all other obligations of the Lenders hereunder on the date stated in such notice (which may be the date thereof); and (b) declare the principal of and the accrued interest on all outstanding Loans to be forthwith due and payable and thereupon all outstanding Loans, including both principal and interest thereon, and all other Obligations, shall be and become immediately due and payable together with all other amounts payable under the Credit Documents without further demand, presentment, protest or notice of any kind, all of which are hereby waived by the Borrower. The Administrative Agent, after giving notice to Borrower pursuant to Section 8.1(c) or this Section 8.2, shall also promptly send a 1663651.11-New York Server 7A - MSW copy of such notice to the other Lenders, but the failure to do so shall not impair or annul the effect of such notice.

Appears in 2 contracts

Samples: Assignment and Assumption (Nicor Inc), Assignment and Assumption (Northern Illinois Gas Co /Il/ /New/)

Non-Bankruptcy Defaults. When any Event of Default other than those described in subsections (fSections 9.1(i) or (gj) of Section 8.1 hereof has occurred and is continuing, the Administrative Agent shall, by notice to the Borrower, (a) if so directed by the Required LendersBanks, by written notice to Borrower: (a) terminate the remaining Commitments and all other obligations of the Lenders Banks hereunder on the date stated in such notice (which may be the date thereof); and (b) if so directed by the Banks holding Notes evidencing more than 66-2/3% of the aggregate principal amount of all Loans then outstanding, declare the principal of and the accrued interest on all outstanding Loans Notes of the Borrower to be forthwith due and payable and thereupon all outstanding Loansof said Notes, including both principal and interest thereon, and all other Obligationsinterest, shall be and become immediately due and payable together with all other amounts payable under the Credit Documents this Agreement without further demand, presentment, protest or notice of any kind, all of which are hereby waived by the Borrower. The Administrative Agent, after giving notice to the Borrower pursuant to Section 8.1(c) 9.1 or this Section 8.29.2, shall also promptly send a copy of such notice to the other LendersBanks, but the failure to do so shall not impair or annul the effect of such notice.

Appears in 2 contracts

Samples: Maytag Corp, Maytag Corp

Non-Bankruptcy Defaults. When any Event of Default other than those described in subsections (f) or (g) of Section 8.1 hereof 7.1 has occurred and is continuing, the Administrative Agent shall, by notice to the Company: (a) if so directed by the Required Lenders, by written notice to Borrower: (a) terminate the remaining Commitments and all other obligations of the Lenders hereunder on the date stated in such notice (which may be the date thereof); ) and (b) if so directed by the Required Lenders, declare the principal of and the accrued interest on all outstanding Loans to be forthwith due and payable and thereupon all outstanding Loans, including both principal and interest thereon, and all other Obligations, shall be and become immediately due and payable together with all other amounts payable under the Credit Documents without further demand, presentment, protest or notice of any kind, all of which are hereby waived by the Borrower. The Administrative Agent, after giving notice to Borrower the Company pursuant to Section 8.1(c7.1(c) or this Section 8.27.2, shall also promptly send a copy of such notice to the other Lenders, but the failure to do so shall not impair or annul the effect of such notice.

Appears in 2 contracts

Samples: Assignment and Assumption (Aptargroup Inc), Multicurrency Credit Agreement (Aptargroup Inc)

Non-Bankruptcy Defaults. When any Event of Default exists other than those described in subsections subsection (fj) or (gk) of Section 8.1 hereof has occurred and is continuing7.1, the Administrative Agent shall, by written notice to the Borrower: (a) if so directed by the Required Lenders, by written notice to Borrower: (a) terminate the remaining Commitments and all other obligations of the Lenders hereunder on the date stated in such notice (which may be the date thereof); and (b) if so directed by the Required Lenders, declare the principal of and the accrued interest on all outstanding Loans to be forthwith due and payable and thereupon all outstanding Loans, including both principal and interest thereon, and all other Obligations, shall be and become immediately due and payable together with all other amounts payable under the Credit Loan Documents without further demand, presentment, protest or notice of any kind, all of which are hereby waived by the Borrower. The Administrative Agent, after giving notice to the Borrower pursuant to Section 8.1(c7.1(c) or this Section 8.27.2, shall also promptly send a copy of such notice to the other Lenders, but the failure to do so shall not impair or annul the effect of such notice.

Appears in 2 contracts

Samples: Credit Agreement (American Railcar Industries, Inc.), Credit Agreement (American Railcar Industries, Inc.)

Non-Bankruptcy Defaults. When any Event of Default (other than those described in subsections subsection (fj) or (gk) of Section 8.1 hereof 9.1 hereof) has occurred and is continuing, the Administrative Agent shall, by written notice to the Borrower: (a) if so directed by the Required Lenders, by written notice to Borrower: (a) terminate the remaining Commitments and all other obligations of the Lenders hereunder on the date stated in such notice (which may be the date thereof); and (b) if so directed by the Required Lenders, declare the principal of and the accrued interest on all outstanding Term Loans and Incremental Term Loans to be forthwith due and payable and thereupon all outstanding Loans, including both principal and interest thereon, and all other Obligations, shall be and become immediately due and payable together with all other amounts payable under the Credit Loan Documents without further demand, presentment, protest or notice of any kind, all of which are hereby waived by the Borrower. The Administrative Agent, after giving notice to the Borrower pursuant to Section 8.1(c9.1(c) or this Section 8.29.2, shall also promptly send a copy of such notice to the other Lenders, but the failure to do so shall not impair or annul the effect of such notice.

Appears in 2 contracts

Samples: Credit Agreement (Alpine Income Property Trust, Inc.), Credit Agreement (Alpine Income Property Trust, Inc.)

Non-Bankruptcy Defaults. When any Event of Default other than those described in subsections (f) or (g) of Section 8.1 hereof 7.1 has occurred and is continuing, the Administrative Agent shall, by notice to the Borrower: (a) if so directed by the Required Lenders, by written notice to Borrower: (a) terminate the remaining Commitments and all other obligations of the Lenders hereunder on the date stated in such notice (which may be the date thereof); ) and (b) if so directed by the Required Lenders, declare the principal of and the accrued interest on all outstanding Loans to be forthwith due and payable and thereupon all outstanding Loans, including both principal and interest thereon, and all other Obligations, shall be and become immediately due and payable together with all other amounts payable under the Credit Documents without further demand, presentment, protest or notice of any kind, all of which are hereby waived by the Borrower. The Administrative Agent, after giving notice to the Borrower pursuant to Section 8.1(c7.1(c) or this Section 8.27.2, shall also promptly send a copy of such notice to the other Lenders, but the failure to do so shall not impair or annul the effect of such notice.

Appears in 2 contracts

Samples: Credit Agreement (Aptargroup Inc), Credit Agreement (Aptargroup Inc)

Non-Bankruptcy Defaults. When any Event of Default (other than those described in subsections (fSection 8.1(j) or (gk) of Section 8.1 hereof with respect to Borrower) has occurred and is continuing, the Administrative Agent shall, if so directed by the Required Lenders, by written notice to Borrower: (a) if so directed by the Required Lenders, terminate the remaining Revolving Credit Commitments and all other obligations of the Lenders hereunder on the date stated in such notice (which may be the date thereof); and (b) if so directed by the Required Lenders, declare the principal of and the accrued interest on all outstanding Loans to be forthwith due and payable and thereupon all outstanding Loans, including both principal and interest thereon, and all other Obligations, shall be and become immediately due and payable together with all other amounts payable under the Credit Loan Documents without further demand, presentment, protest or notice of any kind, all of which are hereby waived by the Borrower. The Administrative Agent, after giving notice to Borrower pursuant to Section 8.1(c) or this Section 8.2, shall also promptly send a copy of such notice to the other Lenders, but the failure to do so shall not impair or annul the effect of such notice.

Appears in 2 contracts

Samples: Credit Agreement (BIO-TECHNE Corp), Credit Agreement (Techne Corp /Mn/)

Non-Bankruptcy Defaults. When any Event of Default other than those described in subsections subsection (fj) or (gk) of Section 8.1 6.01 hereof has occurred and is continuing, the Administrative Agent shall, by written notice to the Company: (a) if so directed by or with the consent of the Required Lenders, terminate the Commitments and all other obligations of the Lenders hereunder, which shall thereupon immediately terminate; and (b) if so directed by the Required Lenders, by written notice to Borrower: (a) terminate the remaining Commitments and all other obligations of the Lenders hereunder on the date stated in such notice (which may be the date thereof); and (b) declare the principal of and the accrued interest on all outstanding Loans to be forthwith due and payable and thereupon all outstanding Loans, including both principal and interest thereon, and all other Obligations, shall be and become immediately due and payable together with all other amounts payable under the Credit Loan Documents without further demand, presentment, protest or notice of any kind, all of which are hereby waived by the Borrower. The Administrative Agent, after giving notice to Borrower the Company pursuant to Section 8.1(c6.01(c) or this Section 8.26.02, shall also promptly send a copy of such notice to the other Lenders, but the failure to do so shall not impair or annul the effect of such notice.

Appears in 2 contracts

Samples: Credit Agreement (LyondellBasell Industries N.V.), Credit Agreement (LyondellBasell Industries N.V.)

Non-Bankruptcy Defaults. When any Event of Default other than ----------------------- those described in subsections (f) or (g) of Section 8.1 hereof 7.1 has occurred and is continuing, the Administrative Agent shall, by notice to the Borrower: (a) if so directed by the Required Lenders, by written notice to Borrower: (a) terminate the remaining Commitments and all other obligations of the Lenders hereunder on the date stated in such notice (which may be the date thereof); ) and (b) if so directed by the Required Lenders, declare the principal of and the accrued interest on all outstanding Loans to be forthwith due and payable and thereupon all outstanding Loans, including both principal and interest thereon, and all other Obligations, shall be and become immediately due and payable together with all other amounts payable under the Credit Documents without further demand, presentment, protest or notice of any kind, all of which are hereby waived by the Borrower. The Administrative Agent, after giving notice to the Borrower pursuant to Section 8.1(c7.1(c) or this Section 8.27.2, shall also promptly send a copy of such notice to the other Lenders, but the failure to do so shall not impair or annul the effect of such notice.

Appears in 1 contract

Samples: Acceptance Agreement (Aptargroup Inc)

Non-Bankruptcy Defaults. When any Event of Default other than those described in subsections (f) or (g) of Section 8.1 hereof has occurred and is continuing, the Administrative Agent shall, by written notice to the Parent: (a) if so directed by the Required LendersBanks, by written notice to Borrower: (a) terminate the remaining Commitments and all other obligations of the Lenders Banks hereunder on the date stated in such notice (which may be the date thereof); and (b) if so directed by the Required Banks, declare the principal of and the accrued interest on all outstanding Loans and all other amounts due under the Credit Documents to be forthwith due and payable and thereupon all outstanding Loans, including both principal and interest thereon, and all other Obligations, shall be and become immediately due and payable together with all other amounts payable under the Credit Documents without further demand, presentment, protest or notice of any kind, all of which are hereby waived by the Borrower. The Administrative Agent, after giving notice to the Borrower pursuant to Section 8.1(c) or this Section 8.2, shall also promptly send a copy of such notice to the other LendersBanks, but the failure to do so shall not impair or annul the effect of such notice.

Appears in 1 contract

Samples: Term Loan Agreement (Jones Lang Lasalle Inc)

Non-Bankruptcy Defaults. When any Event of Default other than those described in subsections (fSections 9.1(i) or (gj) of Section 8.1 hereof has occurred and is continuing, the Administrative Agent shall, by notice to the Borrower, (a) if so directed by the Required LendersBanks, by written notice to Borrower: (a) terminate the remaining Commitments and all other obligations of the Lenders Banks hereunder on the date stated in such notice (which may be the date thereof); and (b) if so directed by the Banks holding Notes evidencing more than 66-2/3% of the aggregate principal amount of all Loans then outstanding, declare the principal of and the accrued interest on all outstanding Loans Notes of the Borrower to be forthwith due and payable and thereupon all outstanding Loansof said Notes, including both principal and interest thereon, and all other Obligationsinterest, shall be and become immediately due and payable together with all other amounts payable under the Credit Documents this Agreement without further demand, presentment, protest or notice of any kind, all of which are hereby waived by the Borrower. The Administrative Agent, after giving notice to the Borrower pursuant to Section 8.1(c) 9.1 or this Section 8.29.2, shall also promptly send a copy of such notice to the other LendersBanks, but the failure to do so shall not impair or annul the effect of such notice.

Appears in 1 contract

Samples: Credit Agreement (Maytag Corp)

Non-Bankruptcy Defaults. When any Event of Default other than those described in subsections subsection (fg) or (gh) of Section 8.1 6.1 hereof has occurred and is continuing, the Administrative Agent shall, by written notice to the Borrowers: (a) if so directed by the Required Lendersany Lender, by written notice to Borrower: (a) terminate the remaining Commitments and all other obligations of the Lenders hereunder on the date stated in such notice (which may be the date thereof); and (b) if so directed by any Lender, declare the principal of and the accrued interest on all outstanding Loans Notes to be forthwith due and payable and thereupon all outstanding LoansNotes, including both principal and interest thereon, and all other Obligations, shall be and become immediately due and payable together with all other amounts payable under the Credit Loan Documents without further demand, presentment, protest or notice of any kind, all of which are hereby waived by the Borrower. The Administrative Agent, after giving notice to Borrower the Borrowers pursuant to Section 8.1(c6.1(c) or this Section 8.26.2, shall also promptly send a copy of such notice to the other Lenders, but the failure to do so shall not impair or annul the effect of such notice.

Appears in 1 contract

Samples: Credit Agreement (Health Care Reit Inc /De/)

Non-Bankruptcy Defaults. When any Event of Default (other than those described in subsections subsection (fh) or (gi) of Section 8.1 hereof 7.1 hereof) has occurred and is continuing, the Administrative Agent shall, by written notice to the Borrower: (a) if so directed by the Required Lenders, by written notice to Borrower: (a) terminate the remaining Commitments and all other obligations of the Lenders hereunder on the date stated in such notice (which may be the date thereof); and (b) if so directed by the Required Lenders, declare the principal of and the accrued interest on all outstanding Loans to be forthwith due and payable and thereupon all outstanding Loans, including both principal and interest thereon, and all other Obligations, shall be and become immediately due and payable together with all other amounts payable under the Credit Loan Documents without further demand, presentment, protest or notice of any kind, all of which are hereby waived by the Borrower. The Administrative Agent, after giving notice to the Borrower pursuant to Section 8.1(c7.1(c) or this Section 8.27.2, shall also promptly send a copy of such notice to the Administrative Agent and the other Lenders, but the failure to do so shall not impair or annul the effect of such notice.

Appears in 1 contract

Samples: Loan Agreement (Viola Vincent J)

Non-Bankruptcy Defaults. When any Event of Default exists other than those described in subsections subsection (fh) or (gi) of Section 8.1 hereof has occurred and is continuing8.1, the Administrative Agent shall, by written notice to the Borrower, subject to the terms of the Intercreditor Agreement: (a) if so directed by the Required Lenders, by written notice to Borrower: (a) terminate the remaining Commitments and all other obligations of the Lenders hereunder on the date stated in such notice (which may be the date thereof); and (b) if so directed by the Required Lenders, declare the principal of and the accrued interest on all outstanding Loans to be forthwith due and payable and thereupon all outstanding Loans, including both principal and interest thereon, and all other Obligations, shall be and become immediately due and payable together with all other amounts payable under the Credit Loan Documents without further demand, presentment, protest or notice of any kind, all of which are hereby waived by the Borrower. The Administrative Agent, after giving notice to the Borrower pursuant to Section 8.1(c8.1(e) or this Section 8.2, shall also promptly send a copy of such notice to the other Lenders, but the failure to do so shall not impair or annul the effect of such notice.

Appears in 1 contract

Samples: Assignment and Assumption (Turning Point Brands, Inc.)

Non-Bankruptcy Defaults. When any Event of Default other than those described in subsections subsection (fj) or (gk) of Section 8.1 9.1 hereof has occurred and is continuing, the Administrative Agent shall, by written notice to the Borrower: (a) if so directed by the Required Lenders, by written notice to Borrower: (a) terminate the remaining Commitments and all other obligations of the Lenders hereunder on the date stated in such notice (which may be the date thereof); and (b) if so directed by the Required Lenders, declare the principal of and the accrued interest on all outstanding Loans to be forthwith due and payable and thereupon all outstanding Loans, including both principal and interest thereon, and all other Obligations, shall be and become immediately due and payable together with all other amounts payable under the Credit Loan Documents without further demand, presentment, protest or notice of any kind, all of which are hereby waived by the Borrower. The Administrative Agent, after giving notice to the Borrower pursuant to Section 8.1(c9.1(c) or this Section 8.29.2, shall also promptly send a copy of such notice to the other Lenders, but the failure to do so shall not impair or annul the effect of such notice.

Appears in 1 contract

Samples: Credit Agreement (Excelligence Learning Corp)

Non-Bankruptcy Defaults. When any Event of Default other than those described in subsections (f) or (g) of Section 8.1 hereof has occurred and is continuing, the Administrative Agent shall, by written notice to the Borrower if so directed by the Required Lenders, by written notice to BorrowerBanks: (a) terminate the remaining Revolving Credit Commitments and all other obligations of the Lenders Banks hereunder (other than the obligations of the Banks under section 11.21 hereof) on the date stated in such notice (which may be the date thereof); and (b) declare the principal of and the accrued interest on all outstanding Loans Notes to be forthwith due and payable and thereupon all outstanding LoansNotes, including both principal and interest thereon, and all other Obligations, shall be and become immediately due and payable together with all other amounts payable under the Credit Documents without further demand, presentment, protest or notice of any kind, all of which are hereby waived by the Borrower. The Administrative Agent, after giving notice to the Borrower pursuant to Section 8.1(c) or this Section 8.2, shall also promptly send a copy of such notice to the other LendersBanks, but the failure to do so shall not impair or annul the effect of such notice.

Appears in 1 contract

Samples: Credit Agreement (Peoples Energy Corp)

Non-Bankruptcy Defaults. When any Event of Default other than those described in subsections (fSections 11.1(l) or (gm) of Section 8.1 hereof has occurred and is continuing, the Administrative Agent shall, by notice to the Company (acting on behalf of the Borrowers), (a) if so directed by the Required LendersBanks, by written notice to Borrower: (a) terminate the remaining Commitments and all other obligations of the Lenders Banks hereunder on the date stated in such notice (which may be the date thereof); and (b) if so directed by the Banks holding more than 51% of the aggregate Original Dollar Amount of all Loans then outstanding, (1) declare the principal of and the accrued interest on all outstanding Loans to be forthwith due and payable and thereupon all outstanding Loans, including both principal and interest thereon, and all other Obligations, Obligations payable hereunder shall be and become immediately due and payable together with all other amounts payable under the Credit Documents without further demand, presentment, protest or notice of any kind, kind and (2) enforce any and all of which are hereby waived by rights and remedies available to it under the BorrowerLoan Documents or applicable law. The Administrative Agent, after giving notice to Borrower the Company (acting on behalf of the Borrowers) pursuant to Section 8.1(c) 11.1 or this Section 8.211.2, shall also promptly send a copy of such notice to the other LendersBanks, but the failure to do so shall not impair or annul the effect of such notice.

Appears in 1 contract

Samples: Credit Agreement (Titan International Inc)

Non-Bankruptcy Defaults. When any Event of Default (other than those described in subsections subsection (fj) or (gk) of Section 8.1 hereof 9.1 hereof) has occurred and is continuing, the Administrative Agent shall, by written notice to the Borrower: (a) if so directed by the Required Lenders, by written notice to Borrower: (a) terminate the remaining Commitments and all other obligations of the Lenders hereunder on the date stated in such notice (which may be the date thereof); and (b) if so directed by the Required Lenders, declare the principal of and the accrued interest on all outstanding Term Loans and Incremental Term Loans to be forthwith due and payable and thereupon all outstanding Loans, including both principal and interest thereon, and all other Obligations, shall be and become immediately due and payable together with all other amounts payable under the Credit Loan Documents without further demand, presentment, protest or notice of any kind, all of which are hereby waived by the Borrower. The Administrative Agent, after giving notice to the Borrower pursuant to Section 8.1(c9.1(c) or this Section 8.29.2, shall also promptly send a copy of such notice to the other Lenders, but the failure to do so shall not impair or annul the effect of such notice.. ​ ​ ​

Appears in 1 contract

Samples: Credit Agreement (Alpine Income Property Trust, Inc.)

Non-Bankruptcy Defaults. When any Event of Default (other than those described in subsections subsection (fj) or (gk) of Section 8.1 9.1 hereof with respect to the Borrower) has occurred and is continuing, the Administrative Agent shall, by written notice to the Borrower: (a) if so directed by the Required Lenders, by written notice to Borrower: (a) terminate the remaining Revolving Credit Commitments and all other obligations of the Lenders hereunder on the date stated in such notice (which may be the date thereof); and (b) if so directed by the Required Lenders, declare the principal of and the accrued interest on all outstanding Loans to be forthwith due and payable and thereupon all outstanding Loans, including both principal and interest thereon, and all other Obligations, shall be and become immediately due and payable together with all other amounts payable under the Credit Loan Documents without further demand, presentment, protest or notice of any kind, all of which are hereby waived by the Borrower. The Administrative Agent, after giving notice to the Borrower pursuant to Section 8.1(c9.1(c) or this Section 8.29.2, shall also promptly send a copy of such notice to the other Lenders, but the failure to do so shall not impair or annul the effect of such notice.

Appears in 1 contract

Samples: Credit Agreement (BGC Partners, Inc.)

Non-Bankruptcy Defaults. When any Event of Default (other than those described in subsections subsection (fj) or (gk) of Section 8.1 hereof 9.1 hereof) has occurred and is continuing, the Administrative Agent shall, by written notice to the Borrower: (a) if so directed by the Required Lenders, by written notice to Borrower: (a) terminate the remaining Commitments and all other obligations of the Lenders hereunder on the date stated in such notice (which may be the date thereof); and (b) if so directed ​ by the Required Lenders, declare the principal of and the accrued interest on all outstanding Term Loans and Incremental Term Loans to be forthwith due and payable and thereupon all outstanding Loans, including both principal and interest thereon, and all other Obligations, shall be and become immediately due and payable together with all other amounts payable under the Credit Loan Documents without further demand, presentment, protest or notice of any kind, all of which are hereby waived by the Borrower. The Administrative Agent, after giving notice to the Borrower pursuant to Section 8.1(c9.1(c) or this Section 8.29.2, shall also promptly send a copy of such notice to the other Lenders, but the failure to do so shall not impair or annul the effect of such notice.

Appears in 1 contract

Samples: Credit Agreement (Alpine Income Property Trust, Inc.)

Non-Bankruptcy Defaults. When any Event of Default (other than those described in subsections (fSection 8.1(j) or (gk) of Section 8.1 hereof with respect to Borrower) has occurred and is continuing, the Administrative Agent shall, if so directed by the Required Lenders, by written notice to Borrower: (a) if so directed by the Required Lenders, terminate the remaining Commitments and all other obligations of the Lenders hereunder on the date stated in such notice (which may be the date thereof); and (b) if so directed by the Required Lenders, declare the principal of and the accrued interest on all outstanding Loans to be forthwith due and payable and thereupon all outstanding Loans, including both principal and interest thereon, and all other Obligations, shall be and become immediately due and payable together with all other amounts payable under the Credit Loan Documents without further demand, presentment, protest or notice of any kind, all of which are hereby waived by the Borrower. The Administrative Agent, after giving notice to Borrower pursuant to Section 8.1(c) or this Section 8.2, shall also promptly send a copy of such notice to the other Lenders, but the failure to do so shall not impair or annul the effect of such notice.

Appears in 1 contract

Samples: Credit Agreement (BIO-TECHNE Corp)

Non-Bankruptcy Defaults. When any Event of Default (other than those described in subsections subsection (fj) or (gk) of Section 8.1 9.1 hereof with respect to the Borrower) has occurred and is continuing, the Administrative Agent shall, by written notice to the Borrower: (a) if so directed by the Required Lenders, by written notice to Borrower: (a) terminate the remaining Commitments and all other obligations of the Lenders hereunder on the date stated in such notice (which may be the date thereof); and (b) if so directed by the Required Lenders, declare the principal of and the accrued interest on all outstanding Loans to be forthwith due and payable and thereupon all outstanding Loans, including both principal and interest thereon, and all other Obligations, shall be and become immediately due and payable together with all other amounts payable under the Credit Loan Documents without further demand, presentment, protest or notice of any kind, all of which are hereby waived by the Borrower. The Administrative Agent, after giving notice to any Borrower pursuant to Section 8.1(c9.1(c) or this Section 8.29.2, shall also promptly send a copy of such notice to the Administrative Agent and the other Lenders, but the failure to do so shall not impair or annul the effect of such notice.

Appears in 1 contract

Samples: Credit Agreement (KCG Holdings, Inc.)

Non-Bankruptcy Defaults. When any Event of Default other than those described in subsections subsection (fj) or (gk) of Section 8.1 7.1 hereof has occurred and is continuing, the Administrative Agent shall, by written notice to the Borrower: (a) if so directed by the Required Lenders, by written notice to Borrower: (a) terminate the remaining Commitments and all other obligations of the Lenders hereunder on the date stated in such notice (which may be the date thereof); ) and (b) if so directed by the Required Lenders, declare the principal of and the accrued interest on all outstanding Loans to be forthwith due and payable and thereupon all outstanding Loans, including both principal and interest thereon, and all other Obligations, shall be and become immediately due and payable together with all other amounts payable under the Credit Loan Documents without further demand, presentment, protest or notice of any kind, all of which are hereby waived by the Borrower. The Administrative Agent, after giving notice to the Borrower pursuant to Section 8.1(c7.1(c) or this Section 8.27.2, shall also promptly send a copy of such notice to the other Lenders, but the failure to do so shall not impair or annul the effect of such notice.

Appears in 1 contract

Samples: Bridge Loan Agreement (Western Digital Corp)

Non-Bankruptcy Defaults. When any Event of Default other than those described in subsections (f) or (g) of Section 8.1 hereof has occurred and is continuing, the Administrative Agent shall, by written notice to the Parent: (a) if so directed by the Required LendersBanks, by written notice to Borrower: (a) terminate the remaining Commitments and all other obligations of the Lenders Banks hereunder on the date stated in such notice (which may be the date thereof); and (b) if so directed by the Required Banks, declare the principal of and the accrued interest on all outstanding Loans and all other amounts due under the Credit Documents to be forthwith due and payable and thereupon all outstanding Loans, including both principal and interest thereon, and all other Obligations, shall be and become immediately due and payable together with all other amounts payable under the Credit Documents without further demand, presentment, protest or notice of any kind, all of which are hereby waived by the Borrower. The Administrative Agent, after giving notice to the Borrower pursuant to Section 8.1(c) or this Section 8.2, shall also promptly send a copy of such notice to the other LendersBanks, but the failure to do so shall not impair or annul the effect of such notice.

Appears in 1 contract

Samples: Credit Agreement (Jones Lang Lasalle Inc)

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Non-Bankruptcy Defaults. When any Event of Default (other than those described in subsections (f) or (g) of Section 8.1 hereof 7.1 with respect to the Borrower) has occurred and is continuing, the Administrative Agent shall, by notice to the Borrower: (a) if so directed by the Required Lenders, by written notice to Borrower: (a) terminate the remaining Commitments and all other obligations of to the Lenders Borrower hereunder on the date stated in such notice (which may be the date thereof); and (b) if so directed by the Required Lenders, declare the principal of and the accrued interest on all outstanding Loans to be forthwith due and payable and thereupon all outstanding Loans, including both principal and interest thereon, and all other Obligations, shall be and become immediately due and payable together with all other accrued amounts payable under the Credit Documents without further demand, presentment, protest or notice of any kind, all including, but not limited to, notice of intent to accelerate and notice of acceleration, each of which are hereby is expressly waived by the Borrower. The Administrative Agent, after giving notice to the Borrower pursuant to Section 8.1(c) or this Section 8.27.2, shall also promptly send a copy of such notice to the other Lenders, but the failure to do so shall not impair or annul the effect of such notice.

Appears in 1 contract

Samples: Credit Agreement (Transocean Inc)

Non-Bankruptcy Defaults. When any Event of Default exists other than those described in subsections subsection (fh) or (gi) of Section 8.1 hereof has occurred and is continuing8.1, the Administrative Agent shall, by written notice to the Borrower, subject to the terms of the Intercreditor Agreement: (a) if so directed by the Required Lenders, by written notice to Borrower: (a) terminate the remaining Commitments and all other obligations of the Lenders hereunder on the date stated in such notice (which may be the date thereof); and (b) if so directed by the Required Lenders, declare the principal of and the accrued interest on all outstanding Loans to be forthwith due and payable and thereupon all outstanding Loans, including both principal and interest thereon, and all other Obligations, shall be and become immediately due and payable together with all other amounts payable under the Credit Loan Documents without further demand, presentment, protest or notice of any kind, all of which are hereby waived by the Borrower. The Administrative Agent, after giving notice to the Borrower pursuant to Section 8.1(c8.1(e) or this Section 8.2, shall also promptly send a copy of such notice to the other Lenders, but the failure to do so shall not impair or annul the effect of such notice. -88- Section 8.3.

Appears in 1 contract

Samples: Debt Subordination Agreement

Non-Bankruptcy Defaults. When any Event of Default other than those described in subsections (f) or (g) of Section 8.1 hereof has occurred and is continuing, the Administrative Agent shall, by written notice to the Borrower: (a) if so directed by the Required LendersBanks, by written notice to Borrower: (a) terminate the remaining Commitments and all other obligations of the Lenders Banks hereunder on the date stated in such notice (which may be the date thereof); and (b) if so directed by the Required Banks, declare the principal of and the accrued interest on all outstanding Loans Notes and all other amounts due under the Credit Documents to be forthwith due and payable and thereupon all outstanding LoansNotes, including both principal and interest thereon, and all other Obligations, shall be and become immediately due and payable together with all other amounts payable under the Credit Documents without further demand, presentment, protest or notice of any kind, all of which are hereby waived by the Borrower. The Administrative Agent, after giving notice to the Borrower pursuant to Section 8.1(c) or this Section 8.2, shall also promptly send a copy of such notice to the other LendersBanks, but the failure to do so shall not impair or annul the effect of such notice.

Appears in 1 contract

Samples: Credit Agreement (Jones Lang Lasalle Inc)

Non-Bankruptcy Defaults. When any Event of Default exists other than those described in subsections subsection (fh) or (gi) of Section 8.1 hereof has occurred and is continuing8.1, the Administrative Agent shall, by written notice to the Borrowers, subject to the terms of the Intercreditor Agreement: (a) if so directed by the Required Lenders, by written notice to Borrower: (a) terminate the remaining Commitments and all other obligations of the Lenders hereunder on the date stated in such notice (which may be the date thereof); and (b) if so directed by the Required Lenders, declare the principal of and the accrued interest on all outstanding Loans to be forthwith due and payable and thereupon all outstanding Loans, including both principal and interest thereon, and all other Obligations, shall be and become immediately due and payable together with all other amounts payable under the Credit Loan Documents without further demand, presentment, protest or notice of any kind, all of which are hereby waived by the Borrower. The Administrative Agent, after giving notice to Borrower the Borrowers pursuant to Section 8.1(c8.1(e) or this Section 8.2, shall also promptly send a copy of such notice to the other Lenders, but the failure to do so shall not impair or annul the effect of such notice.

Appears in 1 contract

Samples: Second Lien Credit Agreement (Turning Point Brands, Inc.)

Non-Bankruptcy Defaults. When any Event of Default (other ----------------------- than those described in subsections (f) or (g) of Section 8.1 hereof 7.1 with respect to the Borrower) has occurred and is continuing, the Administrative Syndication Agent shall, by notice to the Borrower: (a) if so directed by the Required Lenders, by written notice to Borrower: (a) terminate the remaining Commitments and all other obligations of to the Lenders Borrower hereunder on the date stated in such notice (which may be the date thereof); and (b) if so directed by the Required Lenders, declare the principal of and the accrued interest on all outstanding Loans to be forthwith due and payable and thereupon all outstanding Loans, including both principal and interest thereon, and all other Obligations, shall be and become immediately due and payable together with all other accrued amounts payable under the Credit Documents without further demand, presentment, protest or notice of any kind, all including, but not limited to, notice of intent to accelerate and notice of acceleration, each of which are hereby is expressly waived by the Borrower. The Administrative Syndication Agent, after giving notice to the Borrower pursuant to Section 8.1(c) or this Section 8.27.2, shall also promptly send a copy of such notice to the other Lenders, but the failure to do so shall not impair or annul the effect of such notice.

Appears in 1 contract

Samples: Credit Agreement (Transocean Sedco Forex Inc)

Non-Bankruptcy Defaults. When any Event of Default (other than those described in subsections subsection (fj) or (gk) of Section 8.1 9.1 hereof with respect to a Borrower) has occurred and is continuing, the Administrative Agent shall, by written notice to the Borrowers: (a) if so directed by the Required Lenders, by written notice to Borrower: (a) terminate the remaining Commitments and all other obligations of the Lenders hereunder on the date stated in such notice (which may be the date thereof); and (b) if so directed by the Required Lenders, declare the principal of and the accrued interest on all outstanding Loans to be forthwith due and payable and thereupon all outstanding Loans, including both principal and interest thereon, and all other Obligations, shall be and become immediately due and payable together with all other amounts payable under the Credit Loan Documents without further demand, presentment, protest or notice of any kind, all of which are hereby waived by the Borrower. The Administrative Agent, after giving notice to any Borrower pursuant to Section 8.1(c9.1(c) or this Section 8.29.2, shall also promptly send a copy of such notice to the Collateral Agent and the other Lenders, but the failure to do so shall not impair or annul the effect of such notice.

Appears in 1 contract

Samples: Credit Agreement (KCG Holdings, Inc.)

Non-Bankruptcy Defaults. When any Event of Default (other than those described in subsections subsection (fg) or (gh) of Section 8.1 hereof 7.1 with respect to the Borrower) has occurred and is continuing, the Administrative Agent shall, by notice to the Borrower: (a) if so directed by the Required Majority Lenders, by written notice to Borrower: (a) terminate the remaining Commitments and all other obligations of to the Lenders Borrower hereunder on the date stated in such notice (which may be the date thereof); and (b) if so directed by the Majority Lenders, declare the principal of and the accrued interest on all outstanding Loans Notes to be forthwith due and payable and thereupon all outstanding LoansNotes, including both principal and interest thereon, and all other Obligations, shall be and become immediately due and payable together with all other accrued amounts payable under the Credit Documents without further demand, presentment, protest or notice of any kind, all including, but not limited to, notice of intent to accelerate and notice of acceleration, each of which are hereby is expressly waived by the Borrower. The Administrative Agent, after giving notice to the Borrower pursuant to Section 8.1(c7.1(c) or this Section 8.27.2, shall also promptly send a copy of such notice to the other Lenders, but the failure to do so shall not impair or annul the effect of such notice.

Appears in 1 contract

Samples: Secured Credit Agreement (Transocean Offshore Inc)

Non-Bankruptcy Defaults. When any Event of Default (other than those described in subsections (fSection 8.1(g) or (gh) of Section 8.1 hereof with respect to the Borrower) has occurred and is continuing, the Administrative Agent shall, by notice to the Borrower: (a) if so directed by the Required LendersInstructing Group, by written notice to Borrower: (a) terminate the remaining Commitments and all other obligations of to the Lenders Borrower hereunder on the date stated in such notice (which may be the date thereof); and (b) if so directed by the Instructing Group, declare the principal of and the accrued interest on all outstanding Loans to be forthwith due and payable and thereupon all outstanding Loans, including both principal and interest thereon, and all other Obligations, shall be and become immediately due and payable together with all other accrued amounts payable under the Credit Documents without further demand, presentment, protest or notice of any kind, all including, but not limited to, notice of intent to accelerate and notice of acceleration, each of which are hereby is expressly waived by the Borrower. The Administrative Agent, after giving notice to the Borrower pursuant to Section 8.1(c) or this Section 8.2, shall also promptly send a copy of such notice to the other Lenders, but the failure to do so shall not impair or annul the effect of such notice.

Appears in 1 contract

Samples: Secured Loan Agreement (Transocean Sedco Forex Inc)

Non-Bankruptcy Defaults. When any Event of Default (other than those described in subsections (fSection 7.1(f) or (g) of Section 8.1 hereof with respect to the Credit Parties) has occurred and is continuing, the Administrative Agent shall, by notice to the Company: (a) if so directed by the Required Lenders, by written notice to Borrower: (a) terminate the remaining Commitments and all other obligations of to the Lenders Borrowers hereunder on the date stated in such notice (which may be the date thereof); and (b) if so directed by the Required Lenders, declare the principal of and the accrued interest on all outstanding Loans to be forthwith due and payable and thereupon all outstanding Loans, including both principal and interest thereon, and all other Obligations, shall be and become immediately due and payable together with all other accrued amounts payable under the Credit Documents without further demand, presentment, protest or notice of any kind, all including, but not limited to, notice of intent to accelerate and notice of acceleration, each of which are hereby is expressly waived by the BorrowerBorrowers. The Administrative Agent, after giving notice to Borrower the Company pursuant to Section 8.1(c) or this Section 8.27.2, shall also promptly send a copy of such notice to the other Lenders, but the failure to do so shall not impair or annul the effect of such notice.

Appears in 1 contract

Samples: Day Revolving Credit Agreement (Noble Corp)

Non-Bankruptcy Defaults. When any Event of Default other than those described in subsections (e), (f) or (g) of Section 8.1 hereof has occurred and is continuing, the Administrative Agent shall, if so directed by the Required Lenders, Banks by written notice to the Borrower: (a) terminate the remaining Commitments and all other obligations of the Lenders Banks hereunder on the date stated in such notice (which may be the date thereof); and (b) declare the principal of and the accrued interest on all outstanding Loans Notes to be forthwith due and payable and thereupon all outstanding LoansNotes, including both principal and interest thereon, and all other Obligations, shall be and become immediately due and payable together with all other amounts payable under the Credit Documents without further demand, presentment, protest or notice of any kind, all of which are hereby waived by the Borrower. The Administrative Agent, after giving notice to the Borrower pursuant to Section 8.1(c), 8.1(d) or this Section 8.2, shall also promptly send a copy of such notice to the other LendersBanks, but the failure to do so shall not impair or annul the effect of such notice.

Appears in 1 contract

Samples: Credit Agreement (NRG Energy Inc)

Non-Bankruptcy Defaults. When Subject to Section 9.4, when any Event of Default (other than those described in subsections subsection (fj) or (gk) of Section 8.1 9.1 hereof with respect to the Borrower) has occurred and is continuing, the Administrative Agent shall, by written notice to the Borrower: (a) [reserved]; (b) if so directed by the Required Lenders, by written notice to Borrower: (a) terminate the remaining Commitments and all other obligations of the Lenders hereunder on the date stated in such notice (which may be the date thereof); and (b) declare the principal of and the accrued interest on all outstanding Loans to be forthwith due and payable and thereupon all outstanding Loans, including both principal and interest thereon, and all other Obligations, shall be and become immediately due and payable together with all other amounts payable under the Credit Loan Documents without further demand, presentment, protest or notice of any kind; (c) [reserved] and (d) subject to Section 13.2(b) hereof, exercise on behalf of itself and the Lenders all of which are hereby waived by rights and remedies available to it and the BorrowerLenders under the Loan Documents. The Administrative Agent, after giving notice to the Borrower pursuant to Section 8.1(c9.1(c) or this Section 8.29.2, shall also promptly send a copy of such notice to the other Lenders, but the failure to do so shall not impair or annul the effect of such notice.

Appears in 1 contract

Samples: Term Loan Credit Agreement (J M SMUCKER Co)

Non-Bankruptcy Defaults. When any Event of Default (other than those described in subsections (f) or (g) of Section 8.1 hereof 7.1 with respect to the Borrower) has occurred and is continuing, the Administrative Agent shall, by notice to the Borrower: (a) if so directed by the Required Lenders, by written notice to Borrower: (a) terminate the remaining Commitments and all other obligations of to the Lenders Borrower hereunder on the date stated in such notice (which may be the date thereof); ) and (b) if so directed by the Required Lenders, declare the principal of and the accrued interest on all outstanding Term Loans to be forthwith due and payable and thereupon all outstanding Term Loans, including both principal and interest thereon, and all other Obligations, shall be and become immediately due and payable together with all other accrued amounts payable under the Credit Documents without further demand, presentment, protest or notice of any kind, all including, but not limited to, notice of intent to accelerate and notice of acceleration, each of which are hereby is expressly waived by the Borrower. The Administrative Agent, after giving notice to the Borrower pursuant to Section 8.1(c) or this Section 8.27.2, shall also promptly send a copy of such notice to the other Lenders, but the failure to do so shall not impair or annul the effect of such notice.

Appears in 1 contract

Samples: Term Credit Agreement (Transocean Inc)

Non-Bankruptcy Defaults. When any Event of Default other than those described in subsections (fSections 11.1(l) or (gm) of Section 8.1 hereof has occurred and is continuing, the Administrative Agent shall, by notice to the Borrowers, (a) if so directed by the Required LendersBanks, by written notice to Borrower: (a) terminate the remaining Commitments and all other obligations of the Lenders Banks hereunder on the date stated in such notice (which may be the date thereof); and (b) if so directed by the Banks holding more than 51% of the aggregate Original Dollar Amount of all Loans then outstanding, (1) declare the principal of and the accrued interest on all outstanding Loans to be forthwith due and payable and thereupon all outstanding Loans, including both principal and interest thereon, and all other Obligations, Obligations payable hereunder shall be and become immediately due and payable together with all other amounts payable under the Credit Documents without further demand, presentment, protest or notice of any kind, kind and (2) enforce any and all of which are hereby waived by rights and remedies available to it under the BorrowerLoan Documents or applicable law. The Administrative Agent, after giving notice to Borrower the Borrowers pursuant to Section 8.1(c) 11.1 or this Section 8.211.2, shall also promptly send a copy of such notice to the other LendersBanks, but the failure to do so shall not impair or annul the effect of such notice.

Appears in 1 contract

Samples: Titan Wheel International Inc

Non-Bankruptcy Defaults. When any Event of Default (other than those described in subsections (f) or (g) of Section 8.1 hereof 7.1 with respect to the Borrower) has occurred and is continuing, the Administrative Agent shall, by notice to the Borrower: (a) if so directed by the Required Lenders, by written notice to Borrower: (a) terminate the remaining Commitments and all other obligations of to the Lenders Borrower hereunder on the date stated in such notice (which may be the date thereof); ) and (b) if so directed by the Required Lenders, declare the principal of and the accrued interest on all outstanding Loans to be forthwith due and payable and thereupon all outstanding Loans, including both principal and interest thereon, and all other Obligations, shall be and become immediately due and payable together with all other accrued amounts payable under the Credit Documents without further demand, presentment, protest or notice of any kind, all including, but not limited to, notice of intent to accelerate and notice of acceleration, each of which are hereby is expressly waived by the Borrower. The Administrative Agent, after giving notice to the Borrower pursuant to Section 8.1(c) or this Section 8.27.2, shall also promptly send a copy of such notice to the other Lenders, but the failure to do so shall not impair or annul the effect of such notice.

Appears in 1 contract

Samples: Day Revolving Credit Agreement (Transocean Inc)

Non-Bankruptcy Defaults. When any Event of Default (other than those described in subsections subsection (fj) or (gk) of Section 8.1 hereof 9.1 hereof) has occurred and is continuing, the Administrative Agent shall, by written notice to the Borrower: (a) if so directed by the Required Lenders, by written notice to Borrower: (a) terminate the remaining Commitments and all other obligations of the Lenders hereunder on the date stated in such notice (which may be the date thereof); and (b) if so directed by the Required Lenders, declare the principal of and the accrued interest on all outstanding Term Loans and Incremental Term Loans to be forthwith due and payable and thereupon all outstanding Loans, including both principal and interest thereon, and all other Obligations, shall be and become ​ immediately due and payable together with all other amounts payable under the Credit Loan Documents without further demand, presentment, protest or notice of any kind, all of which are hereby waived by the Borrower. The Administrative Agent, after giving notice to the Borrower pursuant to Section 8.1(c9.1(c) or this Section 8.29.2, shall also promptly send a copy of such notice to the other Lenders, but the failure to do so shall not impair or annul the effect of such notice.

Appears in 1 contract

Samples: Credit Agreement (Alpine Income Property Trust, Inc.)

Non-Bankruptcy Defaults. When any Event of Default (other than those described in subsections (f) or (g) of Section 8.1 hereof 7.1 with respect to the Borrower or Holdings) has occurred and is continuing, the Administrative Agent shall, by notice to the Borrower: (a) if so directed by the Required Lenders, by written notice to Borrower: (a) terminate the remaining Commitments and all other obligations of to the Lenders Borrower hereunder on the date stated in such notice (which may be the date thereof); ) and (b) if so directed by the Required Lenders, declare the principal of and the accrued interest on all outstanding Term Loans to be forthwith due and payable and thereupon all outstanding Term Loans, including both principal and interest thereon, and all other Obligations, shall be and become immediately due and payable together with all other accrued amounts payable under the Credit Documents without further demand, presentment, protest or notice of any kind, all including, but not limited to, notice of intent to accelerate and notice of acceleration, each of which are hereby is expressly waived by the Borrower. The Administrative Agent, after giving notice to the Borrower pursuant to Section 8.1(c) or this Section 8.27.2, shall also promptly send a copy of such notice to the other Lenders, but the failure to do so shall not impair or annul the effect of such notice.

Appears in 1 contract

Samples: Term Credit Agreement (Transocean Inc)

Non-Bankruptcy Defaults. When any Event of Default other than those described in subsections subsection (fj) or (gk) of Section 8.1 7.1 hereof has occurred and is continuing, the Administrative Agent shall, if so directed by the Required Lenders, by written notice to the Borrower: (a) if so directed by or with the consent of the Required Lenders, terminate the remaining Commitments and all other obligations of the Lenders hereunder on the date stated in such notice (which may be the date thereof); and (b) if so directed by the Required Lenders, declare the principal of and the accrued interest on all outstanding Loans to be forthwith due and payable and thereupon all outstanding Loans, including both principal and interest thereon, and all other Obligations, shall be and become immediately due and payable together with all other amounts payable under the Credit Loan Documents without further demand, presentment, protest or notice of any kind, all of which are hereby waived by the Borrower. The Administrative Agent, after giving notice to the Borrower pursuant to Section 8.1(c7.1(c) or this Section 8.27.2, shall also promptly send a copy of such notice to the other Lenders, but the failure to do so shall not impair or annul the effect of such notice.

Appears in 1 contract

Samples: Term Loan Agreement (Cliffs Natural Resources Inc.)

Non-Bankruptcy Defaults. When any Event of Default exists other than those described in subsections subsection (fj) or (gk) of Section 8.1 hereof has occurred and is continuing7.1, the Administrative Agent shall, by written notice to the Borrower: (a) if so directed by the Required Lenders, by written notice to Borrower: (a) terminate the remaining Commitments and all other obligations of the Lenders hereunder on the date stated in such notice (which may be the date thereof); and (b) if so directed by the Required Lenders, declare the principal of and the accrued interest on all outstanding Loans to be forthwith due and payable and thereupon all outstanding Loans, including both principal and interest thereon, and all other Obligations, shall be and become immediately due and payable together with all other amounts payable under the Credit Loan Documents without further demand, presentment, protest or notice of any kind, all of which are hereby waived by the Borrower. The Administrative Agent, after giving notice to the Borrower pursuant to Section 8.1(c7.1(c) or this Section 8.27.2, shall also promptly send a copy of such notice to the other Lenders, but the failure to do so shall not impair or annul the effect of such notice. Section 7.3.

Appears in 1 contract

Samples: Credit Agreement

Non-Bankruptcy Defaults. When any Event of Default (other than those described in subsections (f) or (g) of Section 8.1 hereof 7.1 with respect to the Borrower or Holdings) has occurred and is continuing, the Administrative Agent shall, by notice to the Borrower: (a) if so directed by the Required Lenders, by written notice to Borrower: (a) terminate the remaining Commitments and all other obligations of to the Lenders Borrower hereunder on the date stated in such notice (which may be the date thereof); ) and (b) if so directed by the Required Lenders, declare the principal of and the accrued interest on all outstanding Loans to be forthwith due and payable and thereupon all outstanding Loans, including both principal and interest thereon, and all other Obligations, shall be and become immediately due and payable together with all other accrued amounts payable under the Credit Documents without further demand, presentment, protest or notice of any kind, all including, but not limited to, notice of intent to accelerate and notice of acceleration, each of which are hereby is expressly waived by the Borrower. The Administrative Agent, after giving notice to the Borrower pursuant to Section 8.1(c) or this Section 8.27.2, shall also promptly send a copy of such notice to the other Lenders, but the failure to do so shall not impair or annul the effect of such notice.

Appears in 1 contract

Samples: 364 Day Revolving Credit Agreement (Transocean Inc)

Non-Bankruptcy Defaults. When any Event of Default other than those described in subsections subsection (fj) or (gk) of Section 8.1 9.1 hereof has occurred and is continuing, the Administrative Agent shall, by written notice to the Borrower: (a) if so directed by the Required Lenders, by written notice to Borrower: (a) terminate the remaining Delayed Draw Term Loan Commitments and all other obligations of the Lenders hereunder on the date stated in such notice (which may be the date thereof); ) and (b) if so directed by the Required Lenders, declare the principal of and the accrued interest on all outstanding Loans to be forthwith due and payable and thereupon all outstanding Loans, including both principal and interest thereon, and all other Obligations, shall be and become immediately due and payable together with all other amounts payable under the Credit Loan Documents without further demand, presentment, protest or notice of any kind, all of which are hereby waived by the Borrower. The Administrative Agent, after giving notice to the Borrower pursuant to Section 8.1(c9.1(c) or this Section 8.29.2, shall also promptly send a copy of such notice to the other Lenders, but the failure to do so shall not impair or annul the effect of such notice.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Penford Corp)

Non-Bankruptcy Defaults. When any Event of Default other than those described in subsections Sections (fp), (q) or (gr) of Section 8.1 9.1 hereof has occurred and is continuing, the Administrative Agent shall, if so directed by the Required LendersBanks, by written notice to the Borrower, take either or both of the following actions: (a) terminate the remaining Commitments and all other obligations of the Lenders Banks hereunder on the date stated in such notice (which may be the date thereof); and (b) declare the principal of and the accrued interest on all outstanding Loans Notes of the Borrower to be forthwith due and payable and thereupon all outstanding Loansof said Notes, including both principal and interest thereon, and all other Obligationsinterest, shall be and become immediately due and payable together with all other amounts payable under this Agreement and the Credit other Loan Documents without further demand, presentment, protest or notice of any kind, all of which are hereby waived by the Borrower. The Administrative Agent, after giving notice to the Borrower pursuant to Section 8.1(c) or this Section 8.29.3, shall also promptly send a copy of such notice to the other LendersBanks, but the failure to do so shall not impair or annul the effect of such notice. .SECTION 9.4.

Appears in 1 contract

Samples: World Acceptance Corp

Non-Bankruptcy Defaults. When any Event of Default (other than those described in subsections subsection (fj) or (gk) of Section 8.1 hereof 9.1 hereof) has occurred and is continuing, the Administrative Agent shall, by written notice to the Borrower: (a) if so directed by the Required Lenders, by written notice to Borrower: (a) terminate the remaining Revolving Credit Commitments and all other obligations of the Lenders hereunder on the date stated in such notice (which may be the date thereof); and (b) if so directed by the Required Lenders, declare the principal of and the accrued interest on all outstanding Revolving Loans to be forthwith due and payable and thereupon all outstanding Revolving Loans, including both principal and interest thereon, and all other Obligations, shall be and become immediately due and payable together with all other amounts payable under the Credit Loan Documents without further demand, presentment, protest or notice of any kind, all of which are hereby waived by the Borrower. The Administrative Agent, after giving notice to the Borrower pursuant to Section 8.1(c9.1(c) or this Section 8.29.2, shall also promptly send a copy of such notice to the other Lenders, but the failure to do so shall not impair or annul the effect of such notice.

Appears in 1 contract

Samples: Credit Agreement (Trade Street Residential, Inc.)

Non-Bankruptcy Defaults. When any Event of Default (other than those described in subsections (f) or (g) of Section 8.1 hereof 7.1 with respect to the Borrower) has occurred and is continuing, the Administrative Agent shall, by notice to the Borrower: (a) if so directed by the Required Lenders, by written notice to Borrower: (a) terminate the remaining Commitments and all other obligations of to the Lenders Borrower hereunder on the date stated in such notice (which may be the date thereof); and (b) if so directed by the Required Lenders, declare the principal of and the accrued interest on all outstanding Term Loans to be forthwith due and payable and thereupon all outstanding Term Loans, including both principal and interest thereon, and all other Obligations, shall be and become immediately due and payable together with all other accrued amounts payable under the Credit Documents without further demand, presentment, protest or notice of any kind, all including, but not limited to, notice of intent to accelerate and notice of acceleration, each of which are hereby is expressly waived by the Borrower. The Administrative Agent, after giving notice to the Borrower pursuant to Section 8.1(c) or this Section 8.27.2, shall also promptly send a copy of such notice to the other Lenders, but the failure to do so shall not impair or annul the effect of such notice.

Appears in 1 contract

Samples: Term Credit Agreement (Transocean Inc)

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