Termination of Commitment; Acceleration Clause Samples

Termination of Commitment; Acceleration. Upon the occurrence and during the continuance of any Event of Default the Agent shall, at the request of, or may with the consent of, the Required Lenders, by notice to the Borrower terminate the Commitments or declare the outstanding principal of, and accrued interest on, the Notes and all other Obligations to be immediately due and payable, or both, whereupon the Commitments shall terminate forthwith and all such amounts shall become immediately due and payable, or both, and the Borrower shall deliver to Agent cash collateral in an amount equal to the Letter of Credit Outstandings; provided, however, that in the case of any event or condition described in Section 8.01(i) with respect to the Borrower, the Commitments shall automatically terminate forthwith and all such amounts (including, without limitation, cash collateral for Letters of Credit) shall automatically become immediately due and payable without notice; in all cases without demand, presentment, protest, diligence, notice of dishonor or other formality, all of which are hereby expressly waived.

Termination of Commitment; Acceleration. (i) With the exception of an Event of Default specified in Sections 7.1(f) or (g) hereof, the Administrative Agent may, with the consent of the Required Lenders, and the Administrative Agent shall, if requested to do so by the Required Lenders, do any one or more of the following: (1) terminate the Commitment with respect to each Borrower and the Aggregate Commitments with respect to all of the Borrowers: and (2) declare the principal of and interest on the Loans and all other amounts owed under the Loan Documents, and all other Obligations, to be forthwith due and payable, whereupon all such amounts shall immediately become absolute and due and payable, without presentment, demand, notice of intent to accelerate, notice of acceleration, protest, notice of nonpayment or notice of any kind, all of which are hereby expressly waived by each Borrower, anything in any other Loan Document or in any other document to the contrary notwithstanding; (ii) Upon the occurrence and continuance of an Event of Default specified in Sections 7.1(f) and (g) hereof, the principal of and interest on the Loans, all other amounts owed under any Loan Document, and all other Obligations shall thereupon and concurrently therewith become absolute and due and payable, and the Commitment with respect to each Borrower and the Aggregate Commitments with respect to all Borrowers shall forthwith terminate, all without any action by the Administrative Agent or any Lender, and without presentment, demand, notice of intent to accelerate, notice of acceleration, protest, notice of nonpayment or notice of any kind, all of which are hereby expressly waived by each Borrower, anything in any Loan Document or in any other document to the contrary notwithstanding;

Termination of Commitment; Acceleration. Upon the --------------------------------------- occurrence and at any time during the continuance of any Event of Default, the Administrative Agent may upon direction from the Requisite Lenders: (a) by notice to the Borrowers, terminate Lenders' Commitment to make Loans hereunder; or (b) by notice to the Borrowers, declare the Obligations to be immediately due and payable, whereupon all the Obligations shall be immediately due and payable without further notice of any kind, provided, however, that if -------- ------- an Event of Default described in Section 9.01(f) shall exist or occur, all of --------------- the Obligations shall automatically, without declaration or notice of any kind, be immediately due and payable and the Commitment shall be automatically terminated.

Termination of Commitment; Acceleration. Upon the occurrence and at any time during the continuance of any Event of Default, Lender may: (a) by notice to the Parent, terminate Lender's Commitment to Parent to make Loans hereunder; or (b) declare the Obligations to be immediately due and payable, whereupon the Obligations shall be immediately due and payable without notice of any kind, provided, however, that if an Event of Default described in Section 8.01(f) shall exist or occur, all of the Obligations shall automatically, without declaration or notice of any kind, be immediately due and payable.

Termination of Commitment; Acceleration. Upon the occurrence and at any time during the continuance of any Event of Default, the Agent shall upon direction from the Requisite Lenders: (a) by notice to the Borrowers, terminate Lenders' Commitment to make Loans hereunder; or (b) by notice to the Borrower, declare the Obligations to be immediately due and payable, whereupon all the Obligations shall be immediately due and payable without further notice of any kind, PROVIDED, that if an Event of Default described in SECTION 9.01(F) shall exist or occur, all the Obligations shall automatically, without declaration or notice of any kind, be immediately due and payable and the Commitment shall be automatically terminated.

Termination of Commitment; Acceleration. If any Default or Event of Default described in Section 7.1(f) or 7.1

Termination of Commitment; Acceleration. Immediately upon and following the occurrence of any Event of Default, the Lender, at its option, may (a) terminate the Commitment, and (b) declare the Obligations (together with accrued and unpaid interest and expenses and any other obligations that may be due to the Lender under this Agreement or any document to which the Debtor and the Lender are parties) to be immediately due and payable without presentment, demand, protest or notice of any kind, all of which are hereby irrevocably and absolutely waived by the Debtor.

Termination of Commitment; Acceleration. Upon the occurrence and during the continuance of any Event of Default, the Agent may, and upon the direction of the Required Lenders will, by notice to the Company and the Multicurrency Subsidiary Borrowers terminate the Commitments and the Swing Line Commitment or declare the outstanding principal of, and accrued interest on, the Notes, the Swing Line Note and all other Obligations to be immediately due and payable, or both; whereupon the obligations of the Agent and Lenders to make Advances or Swing Line Loans and issue Letters of Credit shall immediately terminate and all such amounts shall become immediately due and payable, or both; provided, however, that, upon the occurrence of any event or condition described in Section 6.1(h), the obligations of the Agent and Lenders to make Advances and Swing Line Loans and issue Letters of Credit shall automatically terminate forthwith and all such amounts shall automatically become immediately due and payable without notice; in all cases without demand, presentment, protest, diligence, notice of dishonor or other formality, all of which are hereby expressly waived.

Termination of Commitment; Acceleration. Upon the occurrence and at any time during the continuance of any Event of Default: (a) Lender may by notice to the Borrowers, terminate Lender's Commitment to make Loans hereunder; (b) Lender may by notice to the Borrowers, declare the Obligations to be immediately due and payable, whereupon all the Obligations shall be immediately due and payable without further notice of any kind, PROVIDED, HOWEVER, that if an Event of Default described in SECTION 9.01(F) shall exist or occur, all of the Obligations shall automatically, without declaration or notice of any kind, be immediately due and payable and the Commitment shall be automatically terminated; and (c) a Participant may, pursuant to the terms of the Participation Agreement if such Event of Default has been declared by Lender or notice thereof provided to Borrowers by Lender, upon notice to the Lender, the Borrowers and the other Participants, terminate its obligation to purchase Participations, in which case a portion of the Commitment equal to the Participation Share of such Participant shall automatically terminate.