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 (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, 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 each of the Commitments and any right of the Borrower to request borrowings or Letters of Credit thereunder; provided that upon the occurrence of an Event of Default specified in Section 12.1(j) or Section 12.1(k), the Credit Facility shall be automatically terminated and all Obligations shall automatically become due and payable.

Appears in 1 contract

Samples: Credit Agreement (Richfood Holdings 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 (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, 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 each of the Commitments and any right of the Borrower Borrowers to request borrowings or Letters of Credit thereunder; provided provided, that -------- upon the occurrence of an Event of Default specified in Section 12.1(j11.1(i) or Section 12.1(k)(j) with respect to the Borrowers, the Credit Facility shall be automatically terminated and all Obligations shall automatically become due and payable.

Appears in 1 contract

Samples: Credit Agreement (Equifax Inc)

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 (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, 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 each of the Commitments and any right of the Borrower Borrowers to request borrowings or Letters of Credit thereunder; provided PROVIDED, that upon the occurrence of an Event of Default specified in Section 12.1(j11.1(i) or Section 12.1(k)(j) with respect to the Borrowers, the Credit Facility shall be automatically terminated and all Obligations shall automatically become due and payable.

Appears in 1 contract

Samples: Credit Agreement (Equifax Inc)

Termination of Facilities. Declare the principal of and --------------------------------------- interest on the Revolving Loans, the Revolving Credit Notes and the Reimbursement Obligations at the time outstanding, and all other amounts owed to the Revolving Credit Lenders and to the Administrative Agent under this Agreement or any of the other Loan Documents (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 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 and each of the Commitments and any right of the Borrower to request borrowings or Letters of Credit thereunder; provided provided, that upon the occurrence of an Event of Default specified in Section 12.1(j11.1(h) or Section 12.1(k(i), the Credit Facility 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: Revolving Credit Agreement (WLR Foods 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 (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, 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 each of the Revolving Credit Commitments and any right of the Borrower to request borrowings or Letters of Credit thereunder; provided that upon the occurrence of an Event of Default specified in Section 12.1(j11.1(j) or Section 12.1(k11.1(k), the Credit Facility shall be automatically terminated and all Obligations shall automatically become due and payable.

Appears in 1 contract

Samples: Credit Agreement (Richfood Holdings Inc)

Termination of Facilities. Declare the principal of --------------------------------------- and --------------------------------------- interest on the Loans, Loans and 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 (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, 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 each of the Commitments and any right of the Borrower Borrowers to request borrowings or Letters of Credit thereunder; provided provided, that -------- upon the occurrence of an Event of Default specified in Section 12.1(j11.1(i) or Section 12.1(k(j), --------------- --- the Credit Facility shall be automatically terminated and all Obligations shall automatically become due and payable.

Appears in 1 contract

Samples: Credit Agreement (Planvista Corp)

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