Common use of Remedies Upon Termination Event Clause in Contracts

Remedies Upon Termination Event. Upon the occurrence of a Termination Event, (a) the Forbearance Period will terminate without further act or action by any Credit Party, (b) Administrative Agent will be entitled immediately to accelerate the Secured Obligations, institute foreclosure proceedings against the Collateral and to exercise any and all of Credit Parties’ rights and remedies available to Credit Parties under the Loan Documents and this Agreement, at law, in equity, or otherwise, without further opportunity to cure, demand, presentment, notice of dishonor, notice of Default, notice of intent to accelerate, notice of intent to foreclose, notice of protest or other formalities of any kind, all of which are hereby expressly waived by Obligors.

Remedies Upon Termination Event. Upon the occurrence of a Termination Event, (a) the Forbearance Period will shall terminate without further act or action by Administrative Agent or any Credit PartyLender, and (b) Administrative Agent will and Lenders shall be entitled immediately to accelerate the Secured Obligations, to institute foreclosure proceedings against the Collateral and to exercise any and all of Credit PartiesAdministrative Agent’s and Lenders’ rights and remedies available to Credit Parties them under the Loan Documents and this Agreement, at law, in equity, or otherwise, without further notice, opportunity to cure, demand, presentment, notice of dishonor, notice of Defaultacceleration, notice of intent to accelerate, notice of intent to foreclose, notice of sale, notice of protest or other formalities of any kind, all of which are hereby expressly waived by Obligorseach Credit Party.

Remedies Upon Termination Event. Upon the occurrence of a Termination Event, (a) the Forbearance Period will terminate without further act or action by Agent or any Credit PartyLender, and (b) Administrative Agent and Lenders will be entitled immediately to accelerate the Secured Obligations, institute foreclosure proceedings against the Collateral and to exercise any and all of Credit Partiesthe Lenders’ rights and remedies available to Credit Parties them under the Loan Documents and this Agreement, at law, in equity, or otherwise, without further opportunity to cure, demand, presentment, notice of dishonor, notice of Defaultdefault, notice of intent to accelerate, notice of intent to foreclose, notice of protest or other formalities of any kind, all of which are hereby expressly waived by Obligorseach Borrower, other than any notice of acceleration required by the Loan Documents and any notice required by applicable law.