Common use of Termination of Facilities Clause in Contracts

Termination of Facilities. Declare the principal of and interest on the Loans, the Revolving Credit Notes at the time outstanding, and all other amounts owed to the Lenders and Agents under this Agreement or any of the other Loan Documents and all other Obligations, to be forthwith due and payable, whereupon the same shall immediately become due and payable without presentment, demand, protest or other notice of any kind, all of which are expressly waived, anything in this Agreement or the other Loan Documents to the contrary notwithstanding, and terminate the Credit Facility and any right of the Borrower to request borrowings thereunder; provided, that upon the occurrence of an Event of Default specified in Section 10.1(h) or (i), the Credit Facility shall be automatically terminated and all Obligations shall automatically become due and payable.

Appears in 18 contracts

Samples: Credit Agreement (Insignia Properties Trust /), Credit Agreement (Cooper River Properties LLC), Credit Agreement (Cooper River Properties LLC)

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Termination of Facilities. Declare the principal of and interest on the Loans, Loans and the Revolving Credit Notes at the time outstanding, and all other amounts owed to the Lenders and Agents to the Agent under this Agreement or any of the other Loan Documents and all other Obligations, to be forthwith due and payable, whereupon the same shall immediately become due and payable without presentment, demand, protest or other notice of any kind, all of which are expressly waived, anything in this Agreement or the other Loan Documents to the contrary notwithstanding, and terminate the Credit Facility and any right of the Borrower Borrowers to request borrowings thereunder; provided, that upon the occurrence of an Event of Default specified in Section 10.1(h10.1(j) or (ik), the Credit Facility shall be automatically terminated and all Obligations shall automatically become due and payable.

Appears in 2 contracts

Samples: Credit Agreement (Rare Hospitality International Inc), Credit Agreement (Rare Hospitality International Inc)

Termination of Facilities. Declare the principal of and interest on the Loans, Loans and the Revolving Credit Notes at the time outstanding, and all other amounts owed to the Lenders Lenders, the European Swingline Lender, and Agents to the Administrative Agent under this Agreement or any of the other Loan Documents and all other Obligations, to be forthwith due and payable, whereupon the same shall immediately become due and payable without presentment, demand, protest or other notice of any kind, all of which are expressly waived, anything in this Agreement or the other Loan Documents to the contrary notwithstanding, and terminate the Credit Facility Facilities and the Commitments and any right of the Borrower Borrowers to request borrowings thereunder; provided, that upon the occurrence of an Event of Default specified in Section 10.1(h) or (i), the Credit Facility Facilities and the Commitments shall be automatically terminated and all Obligations shall automatically become due and payable.

Appears in 2 contracts

Samples: Credit Agreement (Ahl Services Inc), Credit Agreement (Ahl Services Inc)

Termination of Facilities. Declare the principal of and interest on the Loans, Loans and the Revolving Credit Notes at the time outstanding, and all other amounts owed to the Lenders and Agents to the Agent under this Agreement or any of the other Loan Documents and all other Obligations and Guaranteed Obligations, to be forthwith due and payable, whereupon the same shall immediately become due and payable without presentment, demand, protest or other notice of any kind, all of which are expressly waived, anything in this Agreement or the other Loan Documents to the contrary notwithstanding, and terminate the Credit Facility and any right of the Borrower to request borrowings thereunder; provided, provided that upon the occurrence of an Event of Default specified in Section 10.1(h11.1(i) or (ij), the Credit Facility shall be automatically terminated and all Obligations and Guaranteed Obligations shall automatically become due and payable.

Appears in 1 contract

Samples: Loan Agreement (Sirrom Investments Inc)

Termination of Facilities. Declare the principal of and --------------------------------------- interest on the Loans, Loans and the Revolving Credit Notes at the time outstanding, and all other amounts owed to the Lenders and Agents to the Administrative Agent under this Agreement or any of the other Loan Documents and all other Obligations, to be forthwith due and payable, whereupon the same shall immediately become due and payable without presentment, demand, protest or other notice of any kind, all of which are expressly waived, anything in this Agreement or the other Loan Documents to the contrary notwithstanding, and terminate the Credit Facility and any right of the Borrower to request borrowings thereunder; provided, that upon the -------- occurrence of an Event of Default specified in Section 10.1(h10.1(i) or (ij), the Credit Facility shall be automatically terminated and all Obligations shall automatically become due and payable.

Appears in 1 contract

Samples: Credit Agreement (Cable Michigan Inc)

Termination of Facilities. Declare the principal of and interest on the Loans, Loans and the Revolving Credit Notes Note at the time outstanding, and all other amounts owed to the Lenders Lender and Agents to Lender under this Agreement or any of the other Loan Documents and all other Obligations, to be forthwith due and payable, whereupon the same shall immediately become due and payable without presentment, demand, protest or other notice of any kind, all of which are expressly waived, anything in this Agreement or the other Loan Documents to the contrary notwithstanding, and terminate the Credit Facility and any right of the Borrower to request borrowings thereunder; provided, that upon the occurrence of an Event of Default specified in Section 10.1(h10.1(i) or (ij), the Credit Facility shall be automatically terminated and all Obligations shall automatically become due and payable.

Appears in 1 contract

Samples: Credit Agreement (Medical Manager Corp)

Termination of Facilities. Declare the principal of and interest on the Loans, Loans and the Revolving Credit Notes at the time outstanding, and all other amounts owed to the Lenders and Agents to the Administrative Agent under this Agreement or any of the other Loan Documents and all other Obligations, to be forthwith due and payable, whereupon the same shall immediately become due and payable without presentment, demand, protest or other notice of any kind, all of which are expressly waived, anything in this Agreement or the other Loan Documents to the contrary notwithstanding, and terminate the Revolving Credit Facility Commitment and any right of the Borrower to request borrowings thereunder; provided, that upon the occurrence of an Event of Default specified in Section 10.1(h11.1(j) or (ik), the Revolving Credit Facility Commitment shall be automatically terminated and all Obligations shall automatically become due and payable.

Appears in 1 contract

Samples: Credit Agreement (Northland Cable Properties Six LTD Partnership)

Termination of Facilities. Declare the principal of and interest on the Loans, Loans and the Revolving Credit Notes at the time outstanding, and all other amounts owed to the Lenders and Agents to the Administrative Agent under this Agreement or any of the other Loan Documents and all other Obligations, to be forthwith due and payable, whereupon the same shall immediately become due and payable without presentment, demand, protest or other notice of any kind, all of which are expressly waived, anything in this Agreement or the other Loan Documents to the contrary notwithstanding, and terminate the Credit Facility and any right of the Borrower Borrowers to request borrowings thereunder; provided, that upon the occurrence of an Event of Default specified in Section 10.1(h11.1(j) or (ik), the Credit Facility shall be automatically terminated and all Obligations shall automatically become due and payable.

Appears in 1 contract

Samples: Credit Agreement (Breed Technologies Inc)

Termination of Facilities. Declare the principal of and interest on the Loans, Loans and the Revolving Credit Notes at the time outstanding, and all other amounts owed to the Lenders and Agents to the Administrative Agent under this Agreement or any of the other Loan Documents and all other Obligations, to be forthwith due and payable, whereupon the same shall immediately become due and payable without presentment, demand, protest or other notice of any kind, all of which are expressly waived, anything in this Agreement or the other Loan Documents to the contrary notwithstanding, and terminate the Credit Loan Facility and any right of the Borrower Borrowers to request borrowings receive Loans thereunder; provided, that upon the occurrence of an Event of Default specified in Section 10.1(h10.1(i) or (ij), the Credit Facility shall be automatically terminated and all Obligations shall automatically become due and payable.

Appears in 1 contract

Samples: Credit Agreement (United States Lime & Minerals Inc)

Termination of Facilities. Declare the principal of and interest on the Loans, Term Loan and the Revolving Credit Term Notes at the time outstanding, and all other amounts owed to the Term Lenders and Agents to the Agent under this Agreement or any of the other Loan Documents and all other Obligationsobligations, to be forthwith due and payable, whereupon the same shall immediately become due and payable without presentment, demand, protest or other notice of any kind, all of which are expressly waived, anything in this Agreement or the other Loan Documents to the contrary notwithstanding, and terminate the Credit Facility Term Loan and any right rights of the Borrower to request borrowings thereunder; provided, that upon the occurrence of an Event of Default specified in Section 10.1(h11.1(h) or (i), the Credit Facility Term Loan shall be automatically terminated and all Obligations obligations shall automatically become due and payable, without notice, declaration or demand of any kind.

Appears in 1 contract

Samples: Term Loan Agreement (WLR Foods Inc)

Termination of Facilities. Declare the principal of and interest on the Loans, the Revolving Credit Notes at the time outstanding, and all other amounts owed to the Lenders and Agents under this Agreement or any of the other Loan Documents and all other Obligations, to be forthwith due and payable, whereupon the same shall immediately become due and payable without presentment, demand, protest or other notice of any kind, all of which are expressly waived, anything in this Agreement or the other Loan Documents to the contrary notwithstanding, and terminate the Credit Facility and any right of the Borrower to request borrowings thereunder; provided, that upon the occurrence of an Event of Default specified in Section 10.1(h10.1(j) or (ik), the Credit Facility shall be automatically terminated and all Obligations shall automatically become due and payable.

Appears in 1 contract

Samples: Credit Agreement (Insignia Financial Group Inc)

Termination of Facilities. Declare the --------------------------------------- principal of and interest on the Loans, Loans and the Revolving Credit Notes at the time outstanding, and all other amounts owed to the Lenders and Agents to the Administrative Agent under this Agreement or any of the other Loan Documents and all other Obligations, to be forthwith due and payable, whereupon the same shall immediately become due and payable without presentment, demand, protest or other notice of any kind, all of which are expressly waived, anything in this Agreement or the other Loan Documents to the contrary notwithstanding, and terminate the Revolving Credit Facility and any right of the Borrower to request borrowings thereunder; provided, -------- that upon the occurrence of an Event of Default specified in Section 10.1(h10.1(i) or (ij), the Revolving Credit Facility shall be automatically terminated and all Obligations shall automatically become due and payable.

Appears in 1 contract

Samples: Credit Agreement (Commonwealth Telephone Enterprises Inc /New/)

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Termination of Facilities. Declare the principal of and interest on the Loans, Loans and the Revolving Credit Notes at the time outstanding, and all other amounts owed to the Lenders and Agents to the Agent under this Agreement or any of the other Loan Documents and all other Obligations, to be forthwith due and payable, whereupon the same shall immediately become due and payable without presentment, demand, protest or other notice of any kind, all of which are expressly waived, anything in this Agreement or the other Loan Documents to the contrary notwithstanding, and terminate the Revolving Credit Facility and any right of the Borrower to request borrowings thereunder; provided, provided that upon the occurrence of an Event of Default specified in Section 10.1(h11.1(j) or (ik), the Revolving Credit Facility shall be automatically terminated and all Obligations shall automatically become due and payable.

Appears in 1 contract

Samples: Credit Agreement (Roanoke Electric Steel Corp)

Termination of Facilities. Declare the principal of and interest on the Loans, Loans and the Revolving Credit Notes at the time outstanding, and all other amounts owed to the Lenders and Agents to the Administrative Agent under this Agreement or any of the other Loan Documents and all other Obligations, to be forthwith due and payable, whereupon the same shall immediately become due and payable without presentment, demand, protest or other notice of any kind, all of which are expressly waived, anything in this Agreement or the other Loan Documents to the contrary notwithstanding, and terminate the Credit Facility and any right of the Borrower to request borrowings thereunderhereunder; provided, that upon the occurrence of an Event of Default specified in Section 10.1(h11.1(l) or (i)m) of the Amended and Restated Credit Agreement, the Credit Facility shall be automatically terminated and all Obligations shall automatically become due and payable.

Appears in 1 contract

Samples: Credit Agreement (Golf Trust of America Inc)

Termination of Facilities. Declare the principal of and interest on the Loans, Loans and the Revolving Credit Notes at the time outstanding, and all other amounts owed to the Lenders and Agents to the Administrative Agent under this Agreement or any of the other Loan Documents and all other Obligations, to be forthwith due and payable, whereupon the same shall immediately become due and payable without presentment, demand, protest or other notice of any kind, all of which are expressly waived, anything in this Agreement or the other Loan Documents to the contrary notwithstanding, and terminate the Credit Facility and any right of the Borrower to request borrowings thereunder; provided, that upon the occurrence of an Event of Default specified in Section 10.1(h11.1(i) or (ij), the Credit Facility shall be automatically terminated and all Obligations shall automatically become due and payable.

Appears in 1 contract

Samples: Credit Agreement (Cable Michigan Inc)

Termination of Facilities. Declare the principal of and interest on the Loans, Loans and the Revolving Credit Notes at the time outstanding, and all other amounts owed to the Lenders and Agents to the Agent under this Agreement or any of the other Loan Documents and all other Obligations, to be forthwith due and payable, whereupon the same shall immediately become due and payable without presentment, demand, protest or other notice of any kindkind (except as expressly provided therein), all of which are expressly waived, anything in this Agreement or the other Loan Documents to the contrary notwithstanding, and terminate the Credit Facility Facilities and any right of the Borrower Borrowers to request borrowings thereunder; provided, that upon the occurrence of an Event of Default specified in Section 10.1(h11.1(j) or (ik), the Credit Facility Facilities shall be automatically terminated and all Obligations shall automatically become due and payable.

Appears in 1 contract

Samples: Credit Agreement (Med Waste Inc)

Termination of Facilities. Declare the principal of and interest on the Loans, Loans and the Revolving Credit Notes at the time outstanding, and all other amounts owed to the Lenders and Agents to the Administrative Agent under this Agreement or any of the other Loan Documents and all other Obligations, to be forthwith due and payable, whereupon the same shall immediately become due and payable without presentment, demand, protest or other notice of any kind, all of which are expressly waived, anything in this Agreement or the other Loan Documents to the contrary notwithstanding, and terminate the Credit Facility and any right of the Borrower to request borrowings thereunder; provided, that upon the occurrence of an Event of Default specified in Section 10.1(h10.1(i) or (ij), the Credit Facility shall be automatically terminated and all Obligations shall automatically become due and payable.

Appears in 1 contract

Samples: Credit Agreement (Cable Michigan Inc)

Termination of Facilities. Declare the principal of and interest on the Loans, Loans and the Revolving Credit Notes at the time outstanding, and all other amounts owed to the Lenders and to the Lead Agents under this Agreement or any of the other Loan Documents and all other Obligations, to be forthwith due and payable, whereupon the same shall immediately become due and payable without presentment, demand, protest or other notice of any kind, all of which are expressly waived, anything in this Agreement or the other Loan Documents to the contrary notwithstanding, and terminate the Credit Facility and any right of the Borrower to request borrowings thereunderborrowings; provided, that upon the occurrence of an Event of Default specified in Section 10.1(h10.1(j) or (ik), the Credit Facility shall be automatically terminated and all Obligations shall automatically become due and payable.

Appears in 1 contract

Samples: 364 Day Credit Agreement (Lci International Inc /Va/)

Termination of Facilities. Declare the principal of and interest on the Loans, Loans and the Revolving Credit Notes at the time outstanding, and all other amounts owed to the Lenders and Agents to the Administrative Agent under this Agreement or any of the other Loan Documents and all other Obligations, to be forthwith due and payable, whereupon the same shall immediately become due and payable without presentment, demand, protest or other notice of any kind, all of which are expressly waived, anything in this Agreement or the other Loan Documents to the contrary notwithstanding, and terminate the Credit Facility and any right of the Borrower Borrowers to request borrowings thereunder; provided, that upon the occurrence of an Event of Default specified in Section 10.1(h11.1(i) or (ij), the Credit Facility shall be automatically terminated and all Obligations shall automatically become due and payable.

Appears in 1 contract

Samples: Credit Agreement (RCN Corp /De/)

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