Common use of Termination of Commitments; Acceleration Clause in Contracts

Termination of Commitments; Acceleration. If any Default described in SECTION 8.1(F) or 8.1(G) occurs with respect to the Borrower, the obligations of the Lenders to make Loans hereunder and the obligation of the Agent to issue Letters of Credit hereunder shall automatically terminate and the Obligations shall immediately become due and payable without any election or action on the part of the Agent or any Lender. If any other Default occurs, the Required Lenders may terminate or suspend the obligations of the Lenders to make Loans hereunder and the obligation of the Issuing Banks to issue Letters of Credit hereunder, or declare the Obligations to be due and payable, or both, whereupon, after written notice to the Borrower, the Obligations shall become immediately due and payable, without presentment, demand, protest or other notice of any kind, all of which the Borrower expressly waives.

Termination of Commitments; Acceleration. If any Default described in SECTION Section 8.1(F) or 8.1(G) occurs with respect to the BorrowerBorrowers, the obligations of the Lenders to make Loans hereunder and the obligation of the Agent Issuing Bank to issue Letters of Credit hereunder shall automatically terminate and the Obligations shall immediately become due and payable without any election or action on the part of the Agent or any Lender. If any other Default occurs, the Required Lenders may terminate or suspend the obligations of the Lenders to make Loans hereunder and the obligation of the Issuing Banks Bank to issue Letters of Credit hereunderCredit, or declare the Obligations to be due and payable, or both, whereupon, after written notice to the Borrower, whereupon the Obligations shall become immediately due and payable, without presentment, demand, protest or other notice of any kind, all of which the Borrower Borrowers expressly waiveswaive.

Termination of Commitments; Acceleration. If any Default described in SECTION 8.1(F8.1(f) or 8.1(G8.1(g) or 8.1 (i) occurs with respect to the Borrower, the obligations of the Lenders to make Loans hereunder and the obligation of the Agent each Issuing Bank to issue Letters of Credit hereunder shall automatically terminate and the Obligations shall immediately become due and payable without any election or action on the part of the Administrative Agent or any Lender. If any other Default occurs, the Required Lenders may terminate or suspend the obligations of the Lenders to make Loans hereunder and the obligation of the Issuing Banks to issue Letters of Credit hereunder, or declare the Obligations to be due and payable, or both, whereupon, after written notice to the Borrower, whereupon the Obligations shall become immediately due and payable, without presentment, demand, protest or other notice of any kind, all of which the Borrower expressly waives.

Termination of Commitments; Acceleration. If any Default described in SECTION Section 8.1(F) or 8.1(G) occurs with respect to the any Borrower, the obligations of the Lenders to make Loans hereunder and the obligation of the Agent Issuing Banks to issue Letters of Credit hereunder shall automatically terminate and the Obligations shall immediately become due and payable without any election or action on the part of the Agent or any Lender. If any other Default occurs, the Required Lenders may terminate or suspend the obligations of the Lenders to make Loans hereunder and the obligation of the Issuing Banks to issue Letters of Credit hereunder, or declare the Obligations to be due and payable, or both, whereupon, after written notice to the Borrower, whereupon the Obligations shall become immediately due and payable, without presentment, demand, protest or other notice of any kind, all of which the Borrower Borrowers expressly waiveswaive.