Common use of Termination of Rights to Advances; Automatic Acceleration Clause in Contracts

Termination of Rights to Advances; Automatic Acceleration. Notwithstanding anything herein to the contrary, (a) the Borrower's right, if any, to obtain any additional advances under the Loan Documents shall automatically terminate upon the initiation against the Borrower of any proceeding under the Federal Bankruptcy Code, or upon the occurrence of any Event of Default described in subparagraphs (f), (g), (h) or (i) of Section 6.01, and (b) all indebtedness of the Borrower to the Bank under this Agreement or any of the Loan Documents shall automatically be and become immediately due and payable upon the occurrence of any Event of Default described in subparagraphs (f), (g) or (h) of Section 6.01.

Appears in 2 contracts

Samples: Agreement (American Technical Ceramics Corp), Loan Agreement (American Technical Ceramics Corp)

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Termination of Rights to Advances; Automatic Acceleration. Notwithstanding anything herein to the contrary, (a) the Borrower's right, if any, to obtain any additional advances or credit under the Loan Documents shall automatically terminate upon the initiation against the Borrower or any Subsidiary of any proceeding under the Federal Bankruptcy Code, or upon the occurrence of any Event of Default described in subparagraphs (f), (g), (h), (i) or (ij) of Section 6.01, and (b) all indebtedness of the Borrower to the Bank under this Agreement or any of the Loan Documents Obligations shall automatically be and become immediately due and payable upon the occurrence of any Event of Default described in subparagraphs (fg), (gh) or (hi) of Section 6.01.,

Appears in 1 contract

Samples: Loan Agreement (Regeneration Technologies Inc)

Termination of Rights to Advances; Automatic Acceleration. Notwithstanding anything herein to the contrary, (a) the Borrower's right, if any, to obtain any additional advances under the Loan Documents shall automatically terminate upon the initiation against the Borrower or any Subsidiary of any proceeding under the Federal Bankruptcy Code, or upon the occurrence of any Event of Default described in subparagraphs (f), (g), (h) ), (i), (j), or (ik) of Section 6.01, and (b) all indebtedness of the Borrower to the Bank under this Agreement or any of the Loan Documents Indebtedness shall automatically be and become immediately due and payable upon the occurrence of any Event of Default described in subparagraphs (fh), (g) i), or (hj) of Section 6.01.

Appears in 1 contract

Samples: Loan Agreement (Armor Holdings Inc)

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Termination of Rights to Advances; Automatic Acceleration. Notwithstanding anything herein to the contrary, (a) the Borrower's Borrower_s right, if any, to obtain any additional advances or credit under the Notes or other Loan Documents shall automatically terminate upon the initiation against the Borrower or any Subsidiary of any proceeding under the Federal Bankruptcy Code, or upon the occurrence of any Event of Default described in subparagraphs (f), (g), (h), (i) or (ij) of Section 6.01, and (b) all indebtedness of the Borrower to the Bank under this Agreement or any of the Loan Documents Indebtedness shall automatically be and become immediately due and payable upon the occurrence of any Event of Default described in subparagraphs (fg), (gh) or (hi) of Section 6.01.

Appears in 1 contract

Samples: Loan Agreement (Stein Mart Inc)

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