THEREUPON. (I) in the case of an Event of Default other than one referred to in clauses (f) or (g) of this Section 11 relating to the Borrower, the Administrative Agent, upon request of the Required Banks, shall by notice to the Borrower, terminate the Commitments and/or declare the principal amount then outstanding of and the accrued interest on the Loans and all other amounts payable by the Borrower hereunder and under the Notes to be forthwith due and payable, whereupon such amounts shall be immediately due and payable without presentment, demand, protest or other formalities of any kind, all of which are hereby expressly waived by the Borrower; and (II) in the case of the occurrence of an Event of Default referred to in clauses (f) or (g) of this Section 11 relating to the Borrower, the Commitments shall be automatically terminated and the principal amount then outstanding of, and the accrued interest on, the Loans and all other amounts payable by the Borrower hereunder and under the Notes shall become automatically and immediately due and payable without presentment, demand, protest or other formalities of any kind, all of which are hereby expressly waived by the Borrower.
Appears in 3 contracts
Sources: Five Year Credit Agreement (American Honda Finance Corp), 364 Day Credit Agreement (American Honda Finance Corp), 364 Day Credit Agreement (American Honda Finance Corp)
THEREUPON. (I) in the case of an Event of Default other than one referred to in clauses clause (f) or (g) of this Section 11 relating SECTION 9 with respect to the a Borrower, the Administrative AgentAgent may and, upon request of the Required Majority Banks, shall will, by notice to the such Borrower, terminate the Commitments and/or declare the principal amount then than outstanding of of, and the accrued interest on on, the Loans and all other amounts payable by the such Borrower hereunder and under the Notes to be forthwith due and payable, whereupon such amounts shall be immediately due and payable without presentment, demand, protest or other formalities of any kind, all of which are hereby expressly waived by the such Borrower; and (IIii) in the case of the occurrence of an Event of Default referred to in clauses clause (f) or (g) of this Section 11 relating SECTION 9 with respect to the a Borrower, the Commitments shall automatically be automatically terminated and the principal amount then outstanding of, and the accrued interest on, the Loans and all other amounts payable by the such Borrower hereunder and under the Notes shall automatically become automatically and immediately due and payable without presentment, presentment demand, protest or other formalities of any kind, all of which are hereby expressly waived by such Borrower. Notwithstanding any other provision herein to the Borrower.contrary, Defaults and Events of Default shall have the following results:
Appears in 3 contracts
Sources: Credit Agreement (American Century California Tax Free & Municipal Funds), Credit Agreement (American Century California Tax Free & Municipal Funds), Credit Agreement (American Century Target Maturities Trust)
THEREUPON. (I) in the case of an Event of Default other than one referred to in clauses clause (f) or (g) of this Section 11 relating 9 with respect to the a Borrower, the Administrative AgentAgent may and, upon request of the Required Majority Banks, shall will, by notice to the such Borrower, terminate the Commitments and/or declare the principal amount then outstanding of of, and the accrued interest on on, the Loans and all other amounts payable by the such Borrower hereunder and under the Notes to be forthwith due and payable, whereupon such amounts shall be immediately due and payable without presentment, demand, protest or other formalities of any kind, all of which are hereby expressly waived by the such Borrower; and (IIii) in the case of the occurrence of an Event of Default referred to in clauses clause (f) or (g) of this Section 11 relating 9 with respect to the a Borrower, the Commitments shall automatically be automatically terminated and the principal amount then outstanding of, and the accrued interest on, the Loans and all other amounts payable by the such Borrower hereunder and under the Notes shall automatically become automatically and immediately due and payable without presentment, presentment demand, protest or other formalities of any kind, all of which are hereby expressly waived by such Borrower. Notwithstanding any other provision herein to the Borrower.contrary, Defaults and Events of Default shall have the following results:
Appears in 2 contracts
Sources: Credit Agreement (American Century Government Income Trust), Credit Agreement (American Century California Tax Free & Municipal Funds)
THEREUPON. (Ii) in the case of an Event of Default (other than one referred to in clauses clause (fg) or (gh) of this Section 11 relating to 9 in respect of the Borrower, ) the Administrative AgentAgent may and, upon request of the Required BanksMajority Lenders, shall shall, by notice to the Borrower, terminate the Commitments and/or declare the principal amount then outstanding of and the accrued interest on the Loans Loans, and all other amounts payable by the Borrower hereunder and under the Notes Notes, to be forthwith due and payable, whereupon such amounts shall be immediately due and payable without presentment, demand, protest or other formalities of any kind, all of which are hereby expressly waived by the Borrower; and (IIii) in the case of the occurrence of an Event of Default referred to in clauses clause (fg) or (gh) of this Section 11 relating to 9 in respect of the Borrower, the Commitments shall be automatically terminated and the principal amount then outstanding of, and the accrued interest on, the Loans and all other amounts payable by the Borrower hereunder and under the Notes shall become automatically and immediately due and payable without presentment, demand, protest or other formalities of any kind, all of which are hereby expressly waived by the Borrower.
Appears in 2 contracts
Sources: Credit Agreement (Newell Rubbermaid Inc), Credit Agreement (Newell Rubbermaid Inc)
THEREUPON. (I) in the case of an Event of Default other than one referred to in clauses clause (f) or (g) of this Section 11 relating 6.01 with respect to the Borrower, (A) the Administrative Agent, upon request of the Required BanksLenders having at least 51% of the aggregate amount of the Commitments, shall shall, by notice to the Borrower, terminate the Commitments and/or and they shall thereupon terminate, and (B) the Administrative Agent, upon request of Lenders holding at least 51% of the aggregate unpaid principal amount of the Loans, shall, by notice to the Borrower, declare the principal amount then outstanding of of, and the accrued interest on on, the Loans and all other amounts payable by the Borrower hereunder and under the Notes to be forthwith due and payable, whereupon such amounts shall be immediately due and payable without presentment, demand, protest or other formalities of any kind, all of which are hereby expressly waived by the Borrower; and (II2) in the case of the occurrence of an Event of Default referred to in clauses clause (f) or (g) of this Section 11 relating 6.01 with respect to the Borrower, the Commitments shall automatically be automatically terminated and the principal amount then outstanding of, and the accrued interest on, the Loans and all other amounts payable by the Borrower hereunder and under the Notes shall automatically become automatically and immediately due and payable without presentment, demand, protest or other formalities of any kind, all of which are hereby expressly waived by the Borrower.
Appears in 2 contracts
Sources: Credit Agreement (Mallinckrodt Inc /Mo), Credit Agreement (Mallinckrodt Inc /Mo)
THEREUPON. (Ii) in the case of an Event of Default other than one the ones referred to in clauses clause (fe) or (gf) of this Section 11 relating with respect to the Borrower, the Administrative AgentLender may, upon request of the Required Banks, shall by notice to the Borrower, terminate the Commitments and/or declare the principal amount Principal Amount then outstanding of outstanding, and the accrued interest on the Loans thereon and all other amounts payable by the Borrower hereunder and under the Notes hereunder, to be forthwith due and payable, whereupon such amounts shall be immediately due and payable without presentment, demand, protest or other formalities of any kind, all of which are hereby expressly waived by the Borrower; and (IIii) in the case of the occurrence of an Event of Default referred to in clauses clause (fe) or (gf) of this Section 11 relating with respect to the Borrower, Borrower the Commitments shall be automatically terminated and the principal amount Principal Amount then outstanding ofoutstanding, and the accrued interest on, the Loans thereon and all other amounts payable by the Borrower hereunder and under the Notes shall automatically become automatically and immediately due and payable without presentment, demand, protest or other formalities of any kind, all of which are hereby expressly waived by the Borrower.
Appears in 2 contracts
Sources: Master Loan Agreement (Upc Polska Inc), Subordinated Master Loan Agreement (Upc Polska Inc)
THEREUPON. (I) in the case of an Event of Default other than one referred to in clauses clause (fg) or (gh) of this Section 11 relating 9 with respect to the Borrowereither Pledgor, the Administrative AgentBorrower or the Lessee, upon request of the Required BanksLender may, shall by notice to the Borrower, terminate the Commitments and/or declare the principal amount then outstanding of of, and the accrued interest on on, the Loans Loan and all other amounts payable by the Borrower hereunder and under the Notes Note to be forthwith due and payable, whereupon such amounts shall be immediately due and payable without presentment, demand, protest or other formalities of any kind, all of which are hereby expressly waived by the Borrower; and (IIii) in the case of the occurrence of an Event of Default referred to in clauses clause (fg) or (gh) of this Section 11 relating 9 with respect to the Borrowereither Pledgor, the Commitments shall be automatically terminated and Borrower or the Lessee, the principal amount then outstanding of, and the accrued interest on, the Loans Loan and all other amounts payable by the Borrower hereunder and under the Notes Note shall become automatically and immediately due and payable without presentment, demand, protest or other formalities of any kind, all of which are hereby expressly waived by the Borrower.
Appears in 1 contract
THEREUPON. (I) in the case of an Event of Default other than one referred to in clauses clause (f) or (g) of this Section 11 relating 10 with respect to the BorrowerBorrower or any Subsidiary Guarantor, the Administrative AgentBank may, upon request of the Required Banks, shall by notice to the Borrower, terminate the Commitments Commitment and/or declare the principal amount then outstanding of of, and the accrued interest on on, the Loans Loan and all other amounts payable by the Borrower and the Subsidiary Guarantors hereunder and under the Notes Note to be forthwith due and payable, whereupon such amounts shall be immediately due and payable without presentment, demand, protest or other formalities of any kind, all of which are hereby expressly waived by the BorrowerObligors; and (II2) in the case of the occurrence of an Event of Default referred to in clauses clause (f) or (g) of this Section 11 relating 10 with respect to the BorrowerBorrower or any Subsidiary Guarantor, the Commitments shall be automatically terminated and the principal amount then outstanding of, and the accrued interest on, the Loans Loan and all other amounts payable by the Borrower Obligors hereunder and under the Notes Note shall automatically become automatically and immediately due and payable without presentment, demand, protest or other formalities of any kind, all of which are hereby expressly waived by the BorrowerObligors.
Appears in 1 contract
THEREUPON. (I) in the case of an Event of Default other than one referred to in clauses paragraph (f) or (g) of this Section 11 relating Clause with respect to the Borrower, the Administrative AgentLender may, upon request of the Required Banks, shall by notice to the Borrower, terminate the Commitments and/or declare the principal amount Principal Amount then outstanding of outstanding, and the accrued interest on the Loans thereon and all other amounts payable by the Borrower hereunder and under the Notes hereunder, to be forthwith due and payable, whereupon such amounts shall be immediately due and payable without presentment, demand, protest or other formalities of any kind, all of which are hereby expressly waived by the Borrower; and (IIii) in the case of the occurrence of an Event of Default referred to in clauses paragraph (f) or (g) of this Section 11 relating Clause with respect to the Borrower, Borrower the Commitments shall be automatically terminated and the principal amount Principal Amount then outstanding ofoutstanding, and the accrued interest on, the Loans thereon and all other amounts payable by the Borrower hereunder and under the Notes shall automatically become automatically and immediately due and payable without presentment, demand, protest or other formalities of any kind, all of which are hereby expressly waived by the Borrower.
Appears in 1 contract
Sources: Loan Agreement (United Pan Europe Communications Nv)
THEREUPON. (I) in the case of an Event of Default other than one referred to in clauses clause (f) or (g) of this Section 11 relating to the Borrower9, the Administrative Agent, upon request of the Required Banks, shall Lender may by notice to the Borrower, terminate the Commitments and/or Borrower declare the principal amount then outstanding of of, and the accrued interest on on, the Loans plus any Additional Amount and all other amounts payable by the Borrower hereunder and under the Notes Note to be forthwith due and payable, whereupon such amounts shall be immediately due and payable without presentment, demand, protest or other formalities of any kind, all of which are hereby expressly waived by the Borrower; and (II2) in the case of the occurrence of an Event of Default referred to in clauses clause (f) or (g) of this Section 11 relating to the Borrower9, the Commitments shall be automatically terminated and the principal amount then outstanding of, and the accrued interest on, the Loans plus any Additional Amounts and all other amounts payable by the Borrower hereunder and under the Notes Note shall automatically become automatically and immediately due and payable without presentment, demand, protest or other formalities of any kind, all of which are hereby expressly waived by the Borrower.
Appears in 1 contract
THEREUPON. (I) in the case of an Event of Default other than one referred to in clauses (f) or (g) of this Section 11 relating to the Borrower, the Administrative Agent, upon request of the Required Banks, shall by notice to the Borrower, terminate the Commitments and/or declare the principal amount then outstanding of and the accrued interest on the Loans Accommodations Outstanding and all other amounts payable by the Borrower hereunder and under the Notes to be forthwith due and payable, whereupon such amounts shall be immediately due and payable without presentment, demand, protest or other formalities of any kind, all of which are hereby expressly waived by the Borrower; and (II) in the case of the occurrence of an Event of Default referred to in clauses (f) or (g) of this Section 11 relating to the Borrower, the Commitments shall be automatically terminated and the principal amount then outstanding of, and the accrued interest on, the Loans Accommodations Outstanding and all other amounts payable by the Borrower hereunder and under the Notes shall become automatically and immediately due and payable without presentment, demand, protest or other formalities of any kind, all of which are hereby expressly waived by the Borrower.
Appears in 1 contract