Common use of Optional Acceleration of Maturity Clause in Contracts

Optional Acceleration of Maturity. If any Event of Default shall have occurred and be continuing, then, and in any such event, (a) the Administrative Agent (i) shall, at the request of the Required Lenders, by notice to the Borrower, declare that the obligation of each Lender to make Loans shall be terminated, whereupon the same shall forthwith terminate, and (ii) shall, at the request of the Required Lenders, by notice to the Borrower, declare the Term Notes, all accrued and unpaid interest thereon, and all other amounts payable under this Agreement to be forthwith due and payable, whereupon the Term Notes, all such interest, and all such amounts shall become and be forthwith due and payable in full, without presentment, demand, protest or further notice of any kind (including, without limitation, any notice of intent to accelerate or notice of acceleration), all of which are hereby expressly waived by each of the Credit Parties, (b) [reserved], and (c) the Administrative Agent shall, at the request of the Required Lenders, proceed to enforce its rights and remedies under the Security Documents, the Guaranty, or any other Credit Document for the ratable benefit of the Secured Parties by appropriate proceedings.

Optional Acceleration of Maturity. If any Event of Default (other than an Event of Default pursuant to paragraph (e) of Section 7.01, except for clause (i) thereof) shall have occurred and be continuing, then, and in any such event, (a) the Administrative Agent (i) shall, at the request of the Required LendersLoan Administrator may, by notice to the BorrowerSubsidiary Loan Parties, declare that the obligation of each Lender to make Loans shall be terminatedall principal, whereupon the same shall forthwith terminateinterest, and (ii) shallfees, at the request of the Required Lendersreimbursements, by notice to the Borrower, declare the Term Notes, all accrued and unpaid interest thereonindemnifications, and all other amounts payable under this Agreement Agreement, the Notes, and the other Loan Documents to be forthwith due and payable, whereupon the Term Notes, all such interest, and all such amounts shall become and be forthwith due and payable in full, without presentment, demand, protest or further notice of any kind (including, without limitation, any notice of intent to accelerate or demand, demand, presentment for payment, notice of nonpayment, protest, notice of protest, grace, notice of dishonor, notice of intent to accelerate, notice of acceleration), and all other notices, other than the notice expressly provided for above, all of which are hereby expressly waived by each of the Credit Parties,Subsidiary Loan Party; and (b) [reserved], and (c) the Administrative Collateral Agent shall, at the request of the Required Lenders, may proceed to enforce its the Collateral Agent's and the Lender's rights and remedies under the Security Documents, Instruments and the Guaranty, or any other Credit Document Loan Documents for the ratable benefit of the Subsidiary Secured Parties by appropriate proceedings.

Optional Acceleration of Maturity. If any Event of Default (other than an Event of Default pursuant to Section 7.01(e)) shall have occurred and be continuing, then, and in any such event,: (a) the Administrative Agent (i) shall, at the request of of, or may, with the Required consent, of, the Majority Lenders, by notice to the Borrower, declare that the obligation of each Lender to make Loans shall be terminatedall principal, whereupon the same shall forthwith terminateinterest, and (ii) shallfees, at the request of the Required Lendersreimbursements, by notice to the Borrower, declare the Term Notes, all accrued and unpaid interest thereonindemnifications, and all other amounts payable under this Agreement and the other Loan Documents (including the Default Repayment Premium) to be forthwith due and payable, whereupon the Term Notes, all such interest, and all such amounts shall become and be forthwith due and payable in full, without presentment, demand, protest or further notice of any kind (including, without limitation, any notice of intent to accelerate or demand, demand, presentment for payment, notice of nonpayment, protest, notice of protest, grace, notice of dishonor, notice of intent to accelerate, notice of acceleration), and all other notices, all of which are hereby expressly waived by each of the Credit Parties,Borrower; and (b) [reserved], and (c) the Administrative Agent shall, shall at the request of of, or may with the Required Lendersconsent of, the Majority Lenders proceed to enforce its rights and remedies under the Security Documents, the Guarantythis Agreement, or and any other Credit Loan Document for the ratable (subject to Section 7.06) benefit of the Secured Parties Lenders by appropriate proceedings.

Optional Acceleration of Maturity. If any Event of Default (other than an Event of Default pursuant to Section 7.01(e)) shall have occurred and be continuing, then, and in any such event,: (a) the Administrative Agent (i) shall, at the request request, or may, with the consent, of the Required Majority Lenders, by notice to the Borrower, declare that the obligation of each Lender to make Loans shall be terminatedall principal, whereupon the same shall forthwith terminateinterest, and (ii) shallfees, at the request of the Required Lendersreimbursements, by notice to the Borrower, declare the Term Notes, all accrued and unpaid interest thereonindemnifications, and all other amounts payable under this Agreement and the other Loan Documents (including the Default Prepayment Premium) to be forthwith due and payable, whereupon the Term Notes, all such interest, and all such amounts shall become and be forthwith due and payable in full, without presentment, demand, protest or further notice of any kind (including, without limitation, any notice of intent to accelerate or demand, demand, presentment for payment, notice of nonpayment, protest, notice of protest, grace, notice of dishonor, notice of intent to accelerate, notice of acceleration), and all other notices, all of which are hereby expressly waived by each of the Credit Parties,Borrower; and (b) [reserved], and (c) the Administrative Agent shall, shall at the request of of, or may with the Required Lendersconsent of, the Majority Lenders proceed to enforce its rights and remedies under the Security Documents, the Guarantythis Agreement, or and any other Credit Loan Document for the ratable benefit of the Secured Parties Lenders by appropriate proceedings.

Optional Acceleration of Maturity. If any Event of Default (other than an Event of Default pursuant to Section 7.01(e)) shall have occurred and be continuing, then, and in any such event,: (a) the Administrative Agent (i) shall, at the request request, or may, with the consent, of the Required Majority Lenders, by notice to the Borrower, declare that the obligation of each Lender to make Loans shall be terminatedall principal, whereupon the same shall forthwith terminateinterest, and (ii) shallfees, at the request of the Required Lendersreimbursements, by notice to the Borrower, declare the Term Notes, all accrued and unpaid interest thereonindemnifications, and all other amounts payable under this Agreement and the other Loan Documents (including the Default PrepaymentRepayment Premium) to be forthwith due and payable, whereupon the Term Notes, all such interest, and all such amounts shall become and be forthwith due and payable in full, without presentment, demand, protest or further notice of any kind (including, without limitation, any notice of intent to accelerate or demand, demand, presentment for payment, notice of nonpayment, protest, notice of protest, grace, notice of dishonor, notice of intent to accelerate, notice of acceleration), and all other notices, all of which are hereby expressly waived by each of the Credit Parties,Borrower; and (b) [reserved], and (c) the Administrative Agent shall, shall at the request of of, or may with the Required Lendersconsent of, the Majority Lenders proceed to enforce its rights and remedies under the Security Documents, the Guarantythis Agreement, or and any other Credit Loan Document for the ratable benefit of the Secured Parties Lenders by appropriate proceedings.