Common use of Non-Bankruptcy Defaults Clause in Contracts

Non-Bankruptcy Defaults. When any Event of Default described in subsection (a) through (i), both inclusive, of Section 8.1 has occurred and is continuing, the Bank may, by notice to the Company, take one or more of the following actions: (a) terminate the obligation of the Bank to extend any further credit hereunder on the date (which may be the date thereof) stated in such notice; (b) declare the principal of and the accrued interest on the Note to be forthwith due and payable and thereupon the Note, including both principal and interest and all fees, charges and other Obligations payable hereunder, shall be and become immediately due and payable without further demand, presentment, protest or notice of any kind; and (c) enforce any and all rights and remedies available to it under the Loan Documents or applicable law.

Appears in 2 contracts

Samples: Credit Agreement (Oil-Dri Corp of America), Credit Agreement (Oil-Dri Corp of America)

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Non-Bankruptcy Defaults. When any Event of Default described in subsection (a) through (i), both inclusive, of Section 8.1 has occurred and is continuing, the Bank may, by notice to the Company, take one or more of the following actions: (a) terminate the obligation of the Bank to extend any further credit hereunder on the date (which may be the date thereof) stated in such notice; ; (b) declare the principal of and the accrued interest on the Note to be forthwith due and payable and thereupon the Note, including both principal and interest and all fees, charges and other Obligations payable hereunder, shall be and become immediately due and payable without further demand, presentment, protest or notice of any kind; and and (c) enforce any and all rights and remedies available to it under the Loan Documents or applicable law.

Appears in 2 contracts

Samples: Credit Agreement (Oil-Dri Corp of America), Credit Agreement (Oil Dri Corporation of America)

Non-Bankruptcy Defaults. When any Event of Default described in subsection (a) through (if), both inclusive, of Section 8.1 has occurred and is continuing, the Bank Xxxxxx may, by notice to the CompanyBorrower, take one or more of the following actions: (a) terminate the obligation of the Bank Xxxxxx to extend any further credit hereunder on the date (which may be the date thereof) stated in such notice; ; (b) declare the principal of and the accrued interest on the Note to be forthwith due and payable and thereupon the Note, including both principal and interest and all fees, charges and other Obligations payable hereunderhereunder and under the other Loan Documents, shall be and become immediately due and payable without further demand, presentment, protest or notice of any kind; and and (c) enforce any and all rights and remedies available to it under the Loan Documents or applicable law.

Appears in 1 contract

Samples: Credit Agreement (Community First Bankshares Inc)

Non-Bankruptcy Defaults. When any Event of Default described in subsection (a) through (il), both inclusive, of Section 8.1 9.1 has occurred and is continuing, the Bank may, by notice to the Company, take one or more of the following actions: (a) terminate the obligation of the Bank to extend any further credit hereunder on the date (which may be the date thereof) stated in such notice; ; (b) declare the principal of and the accrued interest on the Note Notes to be forthwith due and payable and thereupon the NoteNotes, including both principal and interest and all fees, charges and other Obligations payable hereunderhereunder and under the other Loan Documents, shall be and become immediately due and payable without further demand, presentment, protest or notice of any kind; and and (c) enforce any and all rights and remedies available to it under the Loan Documents or applicable law.

Appears in 1 contract

Samples: Credit Agreement (Midwest Banc Holdings Inc)

Non-Bankruptcy Defaults. When any Event of Default described in subsection (asubsections 8.01(a) through (ito 8.01(i), both inclusive, of or Section 8.1 8.01(j) (other than with respect to the Company or the Parent) has occurred and is continuing, the Bank mayAdministrative Agent may (and shall, upon request of the Majority Lenders), by notice to the Company, take one any or more all of the following actions: (a) terminate the obligation of the Bank to extend any further credit hereunder on the date (which may be the date thereof) stated in such notice; (b) declare the principal of and the accrued interest on the Note Notes to be forthwith due and payable and thereupon the NoteNotes, including both principal and interest interest, and all fees, charges and other Obligations commissions payable hereunder, shall be and become immediately due and payable without further demand, presentment, protest or notice of any kind; and and (cb) enforce any and all rights and remedies available to it under the Loan Documents or applicable law.

Appears in 1 contract

Samples: Senior Subordinated Credit Agreement (Pro Fac Cooperative Inc)

Non-Bankruptcy Defaults. When any Event of Default described in subsection (a) through (ik), both inclusive, of Section 8.1 9.1 has occurred and is continuing, the Bank may, by written notice to the CompanyParent, take one or more of the following actions: (a) terminate the obligation of the Bank to extend any further credit hereunder on the date (which may be the date thereof) stated in such notice; ; (b) declare the principal of and the accrued interest on the Note Notes to be forthwith due and payable and thereupon the NoteNotes, including both principal and interest and all fees, charges and other Obligations payable hereunderhereunder and under the other Loan Documents, shall be and become immediately due and payable without further demand, presentment, protest or notice of any kind; and and (c) enforce any and all rights and remedies available to it under the Loan Documents or applicable law.

Appears in 1 contract

Samples: Credit Agreement (Natural Nutrition Group Inc)

Non-Bankruptcy Defaults. When any Event of Default described in subsection (a) through (i), both inclusive, of Section 8.1 Section 9.1 has occurred and is continuing, the Bank may, by notice to the Company, take one or more of the following actions: (a) terminate the obligation of the Bank to extend any further credit hereunder on the date (which may be the date thereof) stated in such notice; ; (b) declare the principal of and the accrued interest on the Note to be forthwith due and payable and thereupon the Note, including both principal and interest and all fees, charges and other Obligations payable hereunderhereunder and under the other Loan Documents, shall be and become immediately due and payable without further demand, presentment, protest or notice of any kind; and and (c) enforce any and all rights and remedies available to it under the Loan Documents or applicable law.

Appears in 1 contract

Samples: Credit Agreement (Newport Corp)

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Non-Bankruptcy Defaults. When any Event of Default described in subsection (a) through (ij), both inclusive, of Section 8.1 9.1 has occurred and is continuing, the Bank may, by notice to the CompanyBorrower, take one or more of the following actions: (a) terminate the obligation of the Bank to extend any further credit hereunder on the date (which may be the date thereof) stated in such notice; ; (b) declare the principal of and the accrued interest on the Note to be forthwith due and payable and thereupon the Note, including both principal and interest and all fees, charges and other Obligations payable hereunderhereunder and under the other Loan Documents, shall be and become immediately due and payable without further demand, presentment, protest or notice of any kind; and and (c) enforce any and all rights and remedies available to it under the Loan Documents or applicable law.

Appears in 1 contract

Samples: Credit Agreement (Woodhead Industries Inc)

Non-Bankruptcy Defaults. When any Event of Default described in subsection (a) through (i), both inclusive, of Section 8.1 has occurred and is continuing, the Bank may, by notice to the Company, take one or more of the following actions: (a) terminate the obligation of the Bank to extend any further credit hereunder on the date (which may be the date thereof) stated in such notice; ; (b) declare the principal of and the accrued interest on the Note Notes to be forthwith due and payable and thereupon the NoteNotes, including both principal and interest and all fees, charges and other Obligations payable hereunder, shall be and become immediately due and payable without further demand, presentment, protest or notice of any kind; and and (c) enforce any and all rights and remedies available to it under the Loan Documents or applicable law.

Appears in 1 contract

Samples: Loan Agreement (Oil Dri Corporation of America)

Non-Bankruptcy Defaults. When any Event of Default described in subsection (a) through (io), both inclusive, of Section 8.1 9.1 has occurred and is continuing, the Bank may, by notice to the Company, take one or more of the following actions: (a) terminate the obligation of the Bank to extend any further credit hereunder on the date (which may be the date thereof) stated in such notice; ; (b) declare the principal of and the accrued interest on the Note to be forthwith due and payable and thereupon the Note, including both principal and interest and all fees, charges and other Obligations payable hereunderhereunder and under the other Loan Documents, shall be and become immediately due and payable without further demand, presentment, protest or notice of any kind; and and (c) enforce any and all rights and remedies available to it under the Loan Documents or applicable law.

Appears in 1 contract

Samples: Credit Agreement (Comshare Inc)

Non-Bankruptcy Defaults. When any Event of Default described in subsection (a) through (iG), both inclusive, of Section 8.1 has occurred and is continuing, the Bank may, by notice to the CompanyBorrower, take one or more of the following actions: (a) terminate the obligation of the Bank to extend any further credit hereunder on the date (which may be the date thereof) stated in such notice; ; (b) declare the principal of and the accrued interest on the Note to be forthwith due and payable and thereupon the Note, including both principal and interest and all fees, charges and other Obligations payable hereunderhereunder and under the other Loan Documents, shall be and become immediately due and payable without further demand, presentment, protest or notice of any kind; and and (c) enforce any and all rights and remedies available to it under the Loan Documents or applicable law.

Appears in 1 contract

Samples: Credit Agreement

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