Common use of THEREUPON Clause in Contracts

THEREUPON. in the case of any such Event of Default, the Creditor may, by written notice to the Borrower, at the Creditor’s option: (A) immediately terminate the commitment of the Creditor to extend credit hereunder, and/or (B) immediately declare the principal of, and interest accrued on, the Note and all other amounts due and payable under the Note immediately due and payable without presentment, demand, protest or notice, whereupon the same shall become immediately due and payable.

Appears in 6 contracts

Samples: Credit Agreement (Securitas EDGAR Filings, Inc.), Credit Agreement (Securitas EDGAR Filings, Inc.), Credit Agreement (Securitas EDGAR Filings, Inc.)

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