Common use of Termination of Forbearance Clause in Contracts

Termination of Forbearance. If any one or more of the Termination Events occur, Lender's agreement to forbear as set forth in Section 3 of this Amendment No. 4 shall, at Lender's election, upon written notice to or demand upon Borrowers (it being agreed by the parties that such notice may be delivered by facsimile with a copy to Borrowers' counsel), terminate and Lender shall thereupon have and may exercise from time to time all of the remedies available to it under the Loan Agreements and applicable law as a consequence of an Event of Default, without further notice, demand or presentment.

Appears in 1 contract

Samples: Forbearance Agreement (Delta Computec Inc)

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Termination of Forbearance. If any one or more of the Termination Events occur, Lender's agreement to forbear as set forth in Section 3 of this Amendment No. 4 3 shall, at Lender's election, upon written notice to or demand upon Borrowers (it being agreed by the parties that such notice may be delivered by facsimile with a copy to Borrowers' counsel), terminate and Lender shall thereupon have and may exercise from time to time all of the remedies available to it under the Loan Agreements and applicable law as a consequence of an Event of Default, without further notice, demand or presentment.

Appears in 1 contract

Samples: Forbearance Agreement (Delta Computec Inc)

Termination of Forbearance. If any one or more of the Termination Events occur, Lender's agreement to forbear as set forth in Section 3 of this Amendment No. 4 5 shall, at Lender's election, upon written notice to or demand upon Borrowers (it being agreed by the parties that such notice may be delivered by facsimile with a copy to Borrowers' counsel), terminate and Lender shall thereupon have and may exercise from time to time all of the remedies available to it under the Loan Agreements and applicable law as a consequence of an Event of Default, without further notice, demand or presentment.

Appears in 1 contract

Samples: Forbearance Agreement (Delta Computec Inc)

Termination of Forbearance. If any one or more of the Termination Events occur, Lender's agreement to forbear as set forth in Section 3 of this Amendment No. 4 2 shall, at Lender's election, upon written notice to or demand upon Borrowers (it being agreed by the parties that such notice may be delivered by facsimile with a copy to Borrowers' counsel), terminate and Lender shall thereupon have and may exercise from time to time all of the remedies available to it under the Loan Agreements and applicable law as a consequence of an Event of Default, without further notice, demand or presentment.

Appears in 1 contract

Samples: Forbearance Agreement (Delta Computec Inc)

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Termination of Forbearance. If any one or more of the Termination Events occur, Lender's agreement to forbear as set forth in Section 3 of this Amendment No. 4 6 shall, at Lender's election, upon written notice to or demand upon Borrowers (it being agreed by the parties that such notice may be delivered by facsimile with a copy to Borrowers' counsel), terminate and Lender shall thereupon have and may exercise from time to time all of the remedies available to it under the Loan Agreements and applicable law as a consequence of an Event of Default, without further notice, demand or presentment.

Appears in 1 contract

Samples: Forbearance Agreement (Delta Computec Inc)

Termination of Forbearance. If any one or more of the Termination Events occur, Lender's agreement to forbear as set forth in Section 3 of this Amendment No. 4 No.1 shall, at Lender's election, upon written notice to or demand upon Borrowers (it being agreed by the parties that such notice may be delivered by facsimile with a copy to Borrowers' counsel), terminate and Lender shall thereupon have and may exercise from time to time all of the remedies available to it under the Loan Agreements and applicable law as a consequence of an Event of Default, without further notice, demand or presentment.

Appears in 1 contract

Samples: Forbearance Agreement (Delta Computec Inc)

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