Obligations Immediately Due Sample Clauses

Obligations Immediately Due. Upon or at any time after any occurrence or existence of any Event of Default other than, with respect to the Debtor, any Event of Default described in clause (iii) of Section 1d of this Agreement, all of the Obligations remaining unpaid shall, in the sole discretion of the Secured Party and without any notice, demand, presentment or protest of any kind (each of which is knowingly, voluntarily, intentionally and irrevocably waived by the Debtor) become immediately due from the Debtor, notwithstanding any agreement to the contrary. Upon any occurrence or existence of, with respect to the Debtor, any Event of Default described in such clause (iii), all of the Obligations remaining unpaid shall automatically, without any notice, demand, presentment or protest of any kind (each of which is knowingly, voluntarily, intentionally and irrevocably waived by the Debtor), become immediately due from the Debtor, notwithstanding any agreement to the contrary. Nothing in this Section 11 shall render any of the Obligations payable on demand payable otherwise than on demand.

Obligations Immediately Due. All of the Obligations remaining unpaid shall, in the sole discretion of the Beneficiary and without any notice, demand, presentment or protest of any kind (each of which is knowingly, voluntarily, intentionally and irrevocably waived by each Guarantor) become immediately due from each Guarantor if (a) any Guarantor is dissolved, ceases to exist, participates or agrees to participate in any merger, consolidation or other absorption, assigns or otherwise transfers all or substantially all of its assets, makes any bulk sale, sends any notice of any intended bulk sale, becomes incompetent or insolvent (however evidenced), generally fails to pay its debts as they become due, fails to pay, withhold or collect any tax as required by applicable law, suspends or ceases its present business or has entered, served, filed or recorded against it or any of its assets any judgment or order of any court, agency or other governmental body or any lien not in favor of the Beneficiary or consented to in writing by the Beneficiary, (b) any representation or warranty made in this Agreement or any other representation or warranty heretofore or hereafter made, or any financial statement heretofore or hereafter provided, to the Beneficiary by or on behalf of any Guarantor proves, as of the date thereof, to have been incorrect or misleading in any material respect or before the execution and delivery to the Beneficiary by any Guarantor of this Agreement there occurred and was not disclosed to the Beneficiary any material adverse change in any information disclosed in any such representation or warranty heretofore so made or any financial statement heretofore so provided or (c) any “Event of Default” has occurred or exists under that certain General Security Agreement, dated as of the date hereof, made by PNG and each Guarantor in favor of the Beneficiary, as amended, supplemented or otherwise modified from time to time. All of the Obligations remaining unpaid or unperformed shall automatically, without any notice, demand, presentment or protest of any kind (each of which is knowingly, voluntarily, intentionally and irrevocably waived by each Guarantor), become immediately due from each Guarantor if any Guarantor has any receiver, trustee, custodian or similar Person for it or any of its assets appointed (whether with or without its consent), makes any assignment for the benefit of creditors or commences or has commenced against it any case or other proceeding pursuant to any bankr...

Obligations Immediately Due. Notwithstanding the provisions of Section 9.2(a) immediately above, upon the occurrence of any Event of Default described in Section 9.1(f) or Section 9.1(g), without notice, demand or other action by Lender (i) all of Borrower’s Obligations to Lender shall immediately become due and payable whether or not payable on demand prior to such Event of Default, and (ii) all interest payable on the Obligations shall increase to the applicable Default Rate, and (iii) all fees payable to Borrower under this Agreement that may be increased upon the occurrence of an Event of Default shall increase to their applicable amount after an Event of Default, and (iv) Lender may take all other and further actions and avail itself of any and all rights and remedies available to Lender under this Agreement, any other Loan Document, under law or in equity.

Obligations Immediately Due. 22 16.3. Continuation of Security Interests................... 22

Obligations Immediately Due. Upon or at any time after any occurrence and continuance of any Event of Default other than, with respect to the Debtor, any Event of Default described in clause (iii) of Section 1(c) of this Agreement, all of the Obligations remaining unpaid shall, in the sole discretion of the Secured Party become immediately due, notwithstanding any agreement to the contrary. Upon any occurrence and continuance of, with respect to the Debtor, any Event of Default described in such clause (iii), all of the Obligations remaining unpaid shall automatically, without any notice, demand, presentment or protest of any kind (each of which is knowingly, voluntarily, intentionally and irrevocably waived by the Debtor), become immediately due, notwithstanding any agreement to the contrary. Nothing in this Section 10 shall render any of the Obligations payable on demand payable otherwise than on demand.

Obligations Immediately Due. Upon the Termination Date of the Term Loan, for any reason, all of Borrower's Obligations to Lender under the Term Note shall immediately become due and payable without further notice or demand. Upon the Termination Date of the Revolving Loan for any reason, all of Borrower's Obligations to Lender under the Revolving Loan shall immediately become due and payable without further notice or demand.

Obligations Immediately Due. Notwithstanding the provisions of Section 9.3(a) immediately above, upon the occurrence of any Event of Default described in Section 9.1(f) or Section 9.1(g), without notice, demand or other action by Lender (i) all of Borrower’s Obligations to Lender, including but not limited to, all outstanding and unpaid principal of each Loan, interest due thereon, and all fees, costs and expenses payable with respect thereto, shall immediately become due and payable whether or not payable on demand prior to such Event of Default, and (ii) all interest payable on the Obligations shall immediately increase to the applicable Default Rate, and (iii) all fees payable to Borrower under this Agreement that may be increased upon the occurrence of an Event of Default shall immediately increase to their applicable amount after an Event of Default, (iv) all obligations to lend to or extend credit to Borrower under this Agreement, under any Note and/or any other Loan Document shall immediately terminate, and (v) Lender may take all other and further actions and avail itself of any and all rights, powers, remedies and privileges available to Lender under this Agreement, any other Loan Document, under law or in equity.

Obligations Immediately Due. Upon the Termination Date for any reason, all of the Obligations shall immediately become due and payable without further notice or demand.

Obligations Immediately Due. Notwithstanding the provisions of Section 6(b)(i), upon the occurrence of any Event of Default described in Section 6(a)(vi) or Section 6(a)(vii), without notice, demand or other action by the Lender (A) all of the Borrower’s Obligations to the Lender shall immediately become due and payable whether or not payable on demand prior to such Event of Default, (B) all interest payable on the Obligations shall increase to the applicable Default Rate and (C) the Lender may take all other and further actions and avail itself of any and all rights and remedies available to the Lender under this Agreement, any other Loan Document, under law or in equity.