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 shall terminate without further act or action by Administrative Agent or any Lender, and (b) Administrative Agent and Lenders shall be entitled immediately to accelerate the Obligations, to institute foreclosure proceedings against the Collateral and to exercise any and all of Administrative Agent’s and Lenders’ rights and remedies available to 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 acceleration, 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 each Credit Party.

Remedies Upon Termination Event. Upon the occurrence of a Termination Event, (a) the Forbearance Period shall will terminate without further act or action by Administrative Agent or any LenderCredit Party, and (b) Administrative Agent and Lenders shall will be entitled immediately to accelerate the Secured Obligations, to institute foreclosure proceedings against the Collateral and to exercise any and all of Administrative Agent’s and LendersCredit Parties’ rights and remedies available to them Credit Parties 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 accelerationDefault, 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 each Credit PartyObligors.

Remedies Upon Termination Event. Upon the occurrence of a Termination Event, (a) the Forbearance Period shall will terminate without further act or action by Administrative Agent or any Lender, and (b) Administrative Agent and Lenders shall will be entitled immediately to accelerate the Obligations, to institute foreclosure proceedings against the Collateral and to exercise any and all of Administrative Agent’s and the Lenders’ rights and remedies available to 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 accelerationdefault, 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 each Credit PartyBorrower, other than any notice of acceleration required by the Loan Documents and any notice required by applicable law.