Common use of Termination; Acceleration Clause in Contracts

Termination; Acceleration. Upon the occurrence of an Event of Default, then, and in every such event (other than an event described in Section 6.01(f)), and at any time thereafter during the continuance of such event, the Agent shall, by notice to the Borrower, if directed by the Required Lenders, declare the unpaid principal and interest of the Loans to be forthwith due and payable, whereupon the principal of such Loans, together with accrued interest thereon and any unpaid accrued Fees and all other liabilities of the Borrower accrued hereunder, shall become forthwith due and payable and all Commitments shall automatically terminate, without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived by the Borrower, anything contained herein or in any Loan Document (other than the NBA Consent Letter and the Security Agreement) to the contrary notwithstanding; and, in any event described in Section 6.01(f) above, the principal of the Loans, together with accrued interest thereon and any unpaid accrued Fees and all other liabilities of the Borrower accrued hereunder, shall automatically become due and payable and all Commitments shall automatically terminate, without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived by the Borrower, anything contained herein or in any of the Loan Documents (other than the NBA Consent Letter and the Security Agreement) to the contrary notwithstanding.

Termination; Acceleration. Upon the occurrence of an Event of Default, then, and in every such event (other than an event described in Section 6.01(f)), and at any time thereafter during the continuance of such event, the Agent shall, by notice to the Borrower, if directed by the Required Lenders, declare the unpaid principal and interest of the Loans to be forthwith due and payable, whereupon the principal of such Loans, together with accrued interest thereon and any unpaid accrued Fees and all other liabilities of the Borrower accrued hereunder, shall become forthwith due and payable and all Commitments shall automatically terminate, without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived by the Borrower, anything contained herein or in any Loan Document (other than the NBA NHL Consent Letter and the Security Agreement) to the contrary notwithstanding; and, in any event described in Section 6.01(f) above, the principal of the Loans, together with accrued interest thereon and any unpaid accrued Fees and all other liabilities of the Borrower accrued hereunder, shall automatically become due and payable and all Commitments shall automatically terminate, without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived by the Borrower, anything contained herein or in any of the Loan Documents (other than the NBA NHL Consent Letter and the Security Agreement) to the contrary notwithstanding.

Termination; Acceleration. Upon the occurrence of an Event of Default, then, and in every such event (other than an event described in Section 6.01(f)), and at any time thereafter during the continuance of such event, the Agent shall, by notice to the HoldCo Borrower, if directed by the Required Lenders, declare the unpaid principal and interest of the Loans to be forthwith due and payable, whereupon the principal of such Loans, together with accrued interest thereon and any unpaid accrued Fees and all other liabilities of the HoldCo Borrower accrued hereunder, shall become forthwith due and payable and all Commitments shall automatically terminate, without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived by the HoldCo Borrower, anything contained herein or in any Loan Document (other than the NBA Consent Letter and the Security Agreement) to the contrary notwithstanding; and, in any event described in Section 6.01(f) above, the principal of the Loans, together with accrued interest thereon and any unpaid accrued Fees and all other liabilities of the HoldCo Borrower accrued hereunder, shall automatically become due and payable and all Commitments shall automatically terminate, without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived by the HoldCo Borrower, anything contained herein or in any of the Loan Documents (other than the NBA Consent Letter and the Security Agreement) to the contrary notwithstanding.

Termination; Acceleration. Upon (a) If an Event of Default shall occur and the Lender shall have given notice to the Borrower of the occurrence of such Event of Default as provided herein, THEREUPON: (i) in the case of an Event of Default, then, and in every such event (Default other than an event described one referred to in clause (a) or (b) of Section 6.01(f)), and at any time thereafter during the continuance of such event7.1, the Agent shallLender may, (A) by written notice to the Borrower, if directed by the Required Lenders, Borrower declare the unpaid principal amount then outstanding of and accrued interest of on the Loans Loan to be forthwith due and payable whereupon such amounts shall be immediately due and payable, whereupon the principal of such Loans, together with accrued interest thereon and any unpaid accrued Fees and all other liabilities of the Borrower accrued hereunder, shall become forthwith due and payable and all Commitments shall automatically terminate, without presentment, demand, protest or any other notice formalities of any kindkind to the Companies, all of which are hereby expressly waived by the Companies, and (B) by written notice to the Borrower, anything contained herein terminate all credit availability under the Loan; (ii) in the case of the occurrence of an Event of Default referred to in clause (a) or in any Loan Document (other than b) of Section 7.1, (A) the NBA Consent Letter principal amount then outstanding of and the Security Agreement) to the contrary notwithstanding; and, in any event described in Section 6.01(f) above, the principal of the Loans, together with accrued interest thereon and any unpaid accrued Fees and all other liabilities of on the Borrower accrued hereunder, Loan shall become automatically become immediately due and payable and payable, all Commitments shall automatically terminate, without presentment, demand, protest or any other notice formalities of any kindkind to the Companies, all of which are hereby expressly waived by the BorrowerCompanies; and (iii) the Note shall immediately and automatically begin to bear interest at the Default Rate, anything contained herein which Default Rate shall remain in effect following the entry of judgment under the Note and until the payment thereof in full. (b) If an Event of Default has occurred, the Lender may exercise, or in cause to be exercised, any of and all such remedies as the Lender may have under the Loan Documents (other than or any agreement executed in connection therewith, or as the NBA Consent Letter and the Security Agreement) to the contrary notwithstandingLender may have at law or in equity.