Common use of Rights of Bank on Default Clause in Contracts

Rights of Bank on Default. (a) If any of the events described in Section 8.1 occurs: (i) the Bank is entitled to immediately suspend further utilisation of any or all of the Facility, or to reduce the limit or amount made available under the Facility, without having to

Rights of Bank on Default. (a) If any of the events described in Section 8.1 occurs: : (i) the Bank is entitled to immediately suspend further utilisation of any or all of the Facility, or to reduce the limit or amount made available under the Facility, without having toto make a prior demand;

Rights of Bank on Default. (a) If any of the events described in Section 8.1 occurs: : (i) the Bank is entitled to immediately suspend further utilisation of any or all of the Facility, or to reduce the limit or amount made available under the Facility, without having toto make a prior demand; (ii) the Bank has the right to cease to be under any further obligation and/or commitment to the Borrower in relation to the Facility; (iii) the Indebtedness will become immediately due and payable, regardless of any provision of this Agreement to the contrary;

Rights of Bank on Default. (a) If any of the events described in Section 8.1 occurs: , (i) the Bank is entitled to immediately suspend further utilisation of any or all of the Facility, or to reduce the limit or amount made available under the Facility, without having toto make a prior demand; and