Common use of Termination of Facilities Clause in Contracts

Termination of Facilities. Declare the principal of and --------------------------------------- interest on the Loans, the Notes and the Reimbursement Obligations at the time outstanding, and all other amounts owed to the Lenders and to the Administrative Agent under this Agreement or any of the other Loan Documents (other than any Hedging Agreement) (including, without limitation, all L/C Obligations, whether or not the beneficiaries of the then outstanding Letters of Credit shall have presented the documents required thereunder) and all other Obligations (other than obligations owing under any Hedging Agreement), 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 Borrowers to request borrowings or Letters of Credit thereunder; provided, that -------- upon the occurrence of an Event of Default specified in Section 11.1(j) or (k), the Credit Facility shall be automatically terminated and all Obligations (other than obligations owing under any Hedging Agreement) shall automatically become due and payable.

Appears in 1 contract

Samples: Credit Agreement (Global Imaging Systems Inc)

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Termination of Facilities. Declare the --------------------------------------- principal of and --------------------------------------- interest on the Loans, the Notes and the Reimbursement Obligations at the time outstanding, and all other amounts owed to the Lenders and to the Administrative Agent under this Agreement or any of the other Loan Documents (other than any Hedging Agreement) (including, including without limitation, limitation all L/C Obligations, whether or not the beneficiaries of the then outstanding Letters of Credit shall have presented the documents required thereunder) and all other Obligations (other than obligations owing under any Hedging Agreement), 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 Aggregate Commitment and Commitments and any right of the Borrowers to request borrowings or Letters of Credit thereunder; provided, that -------- upon the occurrence of an Event of Default specified in Section 11.1(jSections11.1(j) or (k)--------------- 11.1(k) hereof, the Credit Facility Aggregate Commitment and Commitments shall be automatically ------- terminated and all Obligations (other than obligations owing under any Hedging Agreement) shall automatically become due and payable.

Appears in 1 contract

Samples: Credit Agreement (Urban Outfitters Inc)

Termination of Facilities. Declare the principal of and --------------------------------------- interest on the Loans, the Notes Notes, the Reimbursement Obligations and the Aggregator Reimbursement Obligations at the time outstanding, and all other amounts owed to the Lenders and to the Administrative Agent under this Agreement or any of the other Loan Documents (other than any Hedging Agreement) (including, without limitation, all L/C Obligations and all Aggregator L/C Obligations, whether or not the beneficiaries of the then outstanding Letters of Credit and the then outstanding Aggregator Letters of Credit shall have presented or shall be entitled to present the documents required thereunder) and all other Obligations (other than obligations owing under any Hedging Agreement), 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 Borrowers to request borrowings borrowings, Letters of Credit or Aggregator Letters of Credit thereunder; provided, that -------- upon the occurrence of an Event of Default specified in Section 11.1(j-------- 12.1(j) or (k), the Credit Facility shall be automatically terminated and all Obligations (other than obligations owing under any Hedging Agreement) shall automatically become due and payablepayable without presentment, demand, protest or other notice of any kind, all of which are expressly waived, anything in this Agreement or in any other Loan Document to the contrary notwithstanding.

Appears in 1 contract

Samples: Credit Agreement (Global Imaging Systems Inc)

Termination of Facilities. Declare the principal of and --------------------------------------- interest on the Revolving Credit Loans, the Revolving Credit Notes and the Reimbursement Obligations at the time outstanding, and all other amounts owed to the Lenders and to the Administrative Agent under this Agreement or any of the other Loan Documents (other than any Hedging Agreement) (includingAgreement)(including, without limitation, all L/C Obligations, whether or not the beneficiaries of the then outstanding Letters of Credit shall have presented the documents required thereunder) and all other Obligations (other than obligations Obligations owing under any Hedging Agreement), 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 Borrowers Borrower to request borrowings or Letters of Credit thereunder; provided, that -------- upon the occurrence of an Event of Default specified in Section 11.1(j12.1(i) or (k)j) with respect to the Credit Parties, the Credit Facility shall be automatically terminated and all Obligations (other than obligations owing under any Hedging Agreement) shall automatically become due and payable.

Appears in 1 contract

Samples: 364 Day Credit Agreement (Jones Apparel Group Inc)

Termination of Facilities. Declare (i) Terminate the Revolving Credit Commitment and declare the principal of and --------------------------------------- interest on the Loans, the Notes Loans and the Reimbursement Obligations at the time outstanding, and all other amounts owed to the Lenders and to the Administrative Agent under this Agreement or any of the other Loan Documents (other than any Hedging Agreement) (including, without limitation, including all L/C Obligations, whether or not the beneficiaries of the then outstanding Letters of Credit shall have presented or shall be entitled to present the documents required thereunder) and all other Obligations (other than obligations owing under any Hedging AgreementSpecified Hedge 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 waivedwaived by each Credit Party, anything in this Agreement or the other Loan Documents to the contrary notwithstanding, and terminate the Credit Facility and any right of the Borrowers Borrower to request borrowings or Letters of Credit thereunder; provided, that -------- upon the occurrence of an Event of Default specified in Section 11.1(j11.1(h) or (ki), the Credit Facility shall be automatically terminated and all Obligations (other than obligations owing under any Hedging AgreementSpecified Hedge Obligations) shall automatically become due and payablepayable without presentment, demand, protest or other notice of any kind, all of which are expressly waived by each Credit Party, anything in this Agreement or in any other Loan Document to the contrary notwithstanding; and (ii) exercise on behalf of the Guaranteed Parties all of its other rights and remedies under this Agreement, the other Loan Documents and Applicable Law, in order to satisfy all of the Obligations.

Appears in 1 contract

Samples: Credit Agreement (Amerigas Partners Lp)

Termination of Facilities. Declare the principal of and --------------------------------------- interest on the Loans, the Notes and the Reimbursement Obligations at the time outstanding, and all other amounts owed to the Lenders and to the Administrative Agent under this Agreement or any of the other Loan Documents (other than any Hedging Agreement) (including, without limitation, all L/C Obligations, whether or not the beneficiaries of the then outstanding Letters of Credit shall have presented or shall be entitled to present the documents required thereunder) and all other Obligations (other than obligations owing under any Hedging Agreement), 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 Borrowers Borrower to request borrowings or Letters of Credit thereunder; provided, that -------- upon the occurrence of an Event of Default specified in Section 11.1(j12.1(j) or (k), the Credit Facility shall be automatically terminated and all Obligations (other than obligations owing under any Hedging Agreement) shall automatically become due and payablepayable without presentment, demand, protest or other notice of any kind, all of which are expressly waived, anything in this Agreement or in any other Loan Document to the contrary notwithstanding.

Appears in 1 contract

Samples: Credit Agreement (Veridian Corp)

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Termination of Facilities. Declare the principal of and --------------------------------------- interest on the Loans, the Notes and the Reimbursement Obligations at the time outstanding, and all other amounts owed to the Lenders and to the Administrative Agent under this Agreement or any of the other Loan Documents (other than any Hedging Agreement) (including, without limitation, all L/C Obligations, whether or not the beneficiaries of the then outstanding Letters of Credit shall have presented the documents required thereunder) and all other Obligations (other than obligations owing under any Hedging Agreement), 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 Borrowers to request borrowings or Letters of Credit thereunder; provided, that -------- upon the occurrence of an Event of Default specified in Section 11.1(j12.1(j) or (k), the Credit Facility shall be automatically terminated and all Obligations (other than obligations owing under any Hedging Agreement) shall automatically become due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived.

Appears in 1 contract

Samples: Credit Agreement (GTS Duratek Inc)

Termination of Facilities. Declare Terminate the Revolving Credit Commitment and declare the principal of and --------------------------------------- interest on the Loans, the Notes Loans and the Reimbursement Obligations at the time outstanding, and all other amounts owed to the Lenders and to the Administrative Agent under this Agreement or any of the other Loan Documents (other than any Hedging Agreement) (including, without limitation, including all L/C Obligations, whether or not the beneficiaries of the then outstanding Letters of Credit shall have presented or shall be entitled to present the documents required thereunder) and all other Obligations (other than obligations owing under any Hedging AgreementSpecified Hedge 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 waivedwaived by each Credit Party, anything in this Agreement or the other Loan Documents to the contrary notwithstanding, and terminate the Credit Facility and any right of the Borrowers Borrower to request borrowings or Letters of Credit thereunder; provided, that -------- upon the occurrence of an Event of Default specified in Section 11.1(j11.1(h) or (ki), the Credit Facility shall be automatically terminated and all Obligations (other than obligations owing under any Hedging AgreementSpecified Hedge Obligations) shall automatically become due and payablepayable without presentment, demand, protest or other notice of any kind, all of which are expressly waived by each Credit Party, anything in this Agreement or in any other Loan Document to the contrary notwithstanding; and (ii) exercise on behalf of the Guaranteed Parties all of its other rights and remedies under this Agreement, the other Loan Documents and Applicable Law, in order to satisfy all of the Obligations.

Appears in 1 contract

Samples: Credit Agreement (Ugi Corp /Pa/)

Termination of Facilities. Declare Terminate the Revolving Credit Commitment and declare the principal of and --------------------------------------- interest on the Loans, the Notes Loans and the Reimbursement Obligations at the time outstanding, and all other amounts owed to the Lenders and to the Administrative Agent under this Agreement or any of the other Loan Documents (other than any Hedging Agreement) (including, without limitation, all L/C Obligations, whether or not the beneficiaries of the then outstanding Letters of Credit shall have presented or shall be entitled to present the documents required thereunder) and all other Obligations (other than obligations owing under any Hedging AgreementObligations), 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 waivedwaived by each Credit Party, anything in this Agreement or the other Loan Documents to the contrary notwithstanding, and terminate the Credit Facility and any right of the Borrowers Borrower to request borrowings or Letters of Credit thereunder; provided, that -------- upon the occurrence of an Event of Default specified in Section 11.1(j11.1(i) or (kj), the Credit Facility shall be automatically terminated and all Obligations (other than obligations owing under any Hedging AgreementObligations) shall automatically become due and payablepayable without presentment, demand, protest or other notice of any kind, all of which are expressly waived by each Credit Party, anything in this Agreement or in any other Loan Document to the contrary notwithstanding.

Appears in 1 contract

Samples: Credit Agreement (Corrections Corp of America)

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