Common use of Remedies Following Termination Event Clause in Contracts

Remedies Following Termination Event. (a) On and after the occurrence of a Termination Event, upon written notice to Borrower, and in each case without any further demand, presentment, notice and/or other action of any nature by the Lender (all of which are hereby expressly waived by the Borrower), and without limiting any other remedy available to the Lender under any other agreement, document or instrument or under applicable law, the Forbearance Period shall terminate, the Lender shall be immediately and permanently relieved of its forbearance obligations set forth in this Agreement, and (1) at the Lender’s option, upon written notice to Borrower, the Lender may accelerate the obligations due under the Loan Documents and declare the full amount of such obligations to be immediately due and payable (without further notice or demand), and (2) the Lender may proceed to enforce its rights under and in respect of the Loan Documents and applicable law, which rights and remedies are expressly reserved. The failure (or delay) of the Lender in exercising any remedy after any particular Termination Event shall not constitute a waiver of such remedy or any other remedy in that or in any subsequent instance, or otherwise prejudice the rights of the Lender in any manner.

Remedies Following Termination Event. (a) On and after the occurrence of a Termination Event, upon written notice to Borrowerthe Company, and in each case without any further demand, presentment, notice and/or other action of any nature by any of the Lender Holders (all of which are hereby expressly waived by the BorrowerCompany), and without limiting any other remedy available to any of the Lender Holders under any other agreement, document or instrument or under applicable law, the Forbearance Period shall terminate, the Lender Holders shall be immediately and permanently relieved of its their forbearance obligations set forth in this Agreement, and (1a) at the Lender’s Holders’ option, upon written notice to Borrowerthe Company, the Lender Holders may accelerate the obligations due under the Loan Documents Financing Agreements and declare the full amount of such obligations to be immediately due and payable (without further notice or demand), and (2b) the Lender Holders may proceed to enforce its their respective rights under and in respect of the Loan Documents Financing Agreements and applicable law, which rights and remedies are expressly reserved. The failure (or delay) of the Lender any Holder in exercising any remedy after any particular Termination Event shall not constitute a waiver of such remedy or any other remedy in that or in any subsequent instance, or otherwise prejudice the rights of the Lender such Holder in any manner.