Common use of Other Events of Default Clause in Contracts

Other Events of Default. If any Event of Default has occurred and is continuing, subject to the terms of Section 13.5(b), the Administrative Agent shall at the request, or may with the consent, of the Required Lenders, upon notice to the Borrower, do any one or more of the following: (i) If the maturity of the Obligations has not already been accelerated under Section 12.1(a), declare the outstanding principal amount of the Borrowings and all other accrued and unpaid portion of the Obligations immediately due and payable, whereupon they shall be due and payable; (ii) terminate the Commitments; (iii) reduce any claim to judgment and (iv) exercise any and all other legal or equitable Rights afforded by the Credit Documents, by applicable Legal Requirements, or in equity.

Appears in 3 contracts

Samples: Term Credit Agreement (Teppco Partners Lp), Credit Agreement (Teppco Partners Lp), Credit Agreement (Teppco Partners Lp)

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Other Events of Default. If any Event of Default has occurred and is continuing, subject to the terms of Section 13.5(b), the Administrative Agent shall at the request, or may with the consent, of the Required Lenders, upon notice to the Borrower, do any one or more of the following: (i) If the maturity of the Obligations has not already been accelerated under under Section 12.1(a12.1 (a), declare the outstanding principal amount of the Borrowings and all other accrued and unpaid portion of the Obligations immediately due and payable, whereupon they shall be due and payable; (ii) terminate the Commitments; (iii) reduce any claim to judgment and (iv) exercise any and all other legal or equitable Rights afforded by the Credit Documents, by applicable Legal Requirements, or in equity.

Appears in 1 contract

Samples: Credit Agreement (Teppco Partners Lp)

Other Events of Default. If any Event of Default has occurred and is continuingexists, subject to the terms of Section 13.5(bSECTION 13.5(B), the Administrative Agent shall at the request, or may (with the consentconsent of, of and must, upon the request of, Required Lenders), upon notice to the Borrower, do any one or more of the following: (i) If the maturity of the Obligations Obligation has not already been accelerated under Section 12.1(aSECTION 12.1(A), declare the outstanding principal amount entire unpaid balance of all or any part of the Borrowings Principal Debt and all other an accrued and unpaid portion of the Obligations remaining Obligation immediately due and payable, whereupon they shall be it is due and payable; (ii) terminate the Commitmentscommitments of Lenders to extend credit under this agreement; (iii) reduce any claim to judgment judgment; and (iv) exercise any and all other legal or equitable Rights afforded by the Credit Documents, by applicable Legal Requirements, or in equity.

Appears in 1 contract

Samples: Credit Agreement (Teppco Partners Lp)

Other Events of Default. If any Event of Default has occurred and is continuing, subject to the terms of Section 13.5(b12.5(b), the Administrative Agent shall at the request, or may with the consent, of the Required Lenders, upon notice to the Borrower, do any one or more of the following: (i) If if the maturity of the Obligations has not already been accelerated under Section 12.1(a11.1(a), declare the outstanding principal amount of the Borrowings and all other accrued and unpaid portion of the Obligations immediately due and payable, whereupon they shall be due and payable; , (ii) terminate the Commitments; , (iii) reduce any claim to judgment and (iv) exercise any and all other legal or equitable Rights afforded by the Credit Documents, by applicable Legal Requirements, or in equity.

Appears in 1 contract

Samples: Credit Agreement (Teppco Partners Lp)

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Other Events of Default. If any Event of Default has occurred and is continuingexists, subject to the terms of Section SECTION 13.5(b), the Administrative Agent shall at the request, or may (with the consentconsent of, of and must, upon the request of, Required Lenders), upon notice to the Borrower, do any one or more of the following: (i) If the maturity of the Obligations Obligation has not already been accelerated under Section SECTION 12.1(a), declare the outstanding principal amount entire unpaid balance of all or any part of the Borrowings Principal Debt and all other an accrued and unpaid portion of the Obligations remaining Obligation immediately due and payable, whereupon they shall be it is due and payable; (ii) terminate the Commitmentscommitments of Lenders to extend credit under this agreement; (iii) reduce any claim to judgment judgment; and (iv) exercise any and all other legal or equitable Rights afforded by the Credit Documents, by applicable Legal Requirements, or in equity.

Appears in 1 contract

Samples: Credit Agreement (Teppco Partners Lp)

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