Common use of THEREUPON Clause in Contracts

THEREUPON. In the case of an Event of Default, other than an Event of Default referred to in Section 9.6. or Section 9.7., the Lender may, by notice to the Company, cancel the Credit Facility and/or declare the then-outstanding principal amount of, and the accrued interest on, the Loans and all other Obligations payable by the Company hereunder and under the Notes (including, without limitation, any amounts payable under Section 10.3.) 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 Company; (2) in the case of the occurrence of an Event of Default referred to in Section 9.6. or Section 9.7. above, the Credit Facility shall automatically be canceled and the then-outstanding principal amount of, and the accrued interest on, the Loans and all other Obligations payable by the Company hereunder and under the Notes (including, without limitation, any amounts payable under Section 10.3.) shall automatically become immediately due and payable without presentment, demand, protest or other formalities of any kind, all of which are hereby expressly waived by the Company; and (3) in the case of any Event of Default, the Lender may exercise any and all remedies available under the Security Documents or under Applicable Law. The proceeds of any sale of the whole or any part of any of the Collateral as a result of an Event of Default, together with any other moneys paid to or held by the Lender under the provisions of any Credit Document, shall be applied by the Lender in the following order:

Appears in 1 contract

Samples: Credit Agreement (Serologicals Corp)

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THEREUPON. In the case of an Event of Default, other than an Event of Default referred to in Section 9.6. or Section 9.7., the Lender may, by notice to the Company, terminate the Commitment, cancel the Credit Facility and/or declare the then-outstanding principal amount of, and the accrued interest on, the Loans and all other Obligations payable by the Company hereunder and under the Notes (including, without limitation, any amounts payable under Section 10.3.) 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 Company; (2) in the case of the occurrence of an Event of Default referred to in Section 9.6. or Section 9.7. above, the Commitment and the Credit Facility shall automatically be canceled and the then-outstanding principal amount of, and the accrued interest on, the Loans and all other Obligations payable by the Company hereunder and under the Notes (including, without limitation, any amounts payable under Section 10.3.) shall automatically become immediately due and payable without presentment, demand, protest or other formalities of any kind, all of which are hereby expressly waived by the Company; and (3) in the case of any Event of Default, the Lender may exercise any and all remedies available under the Security Documents or under Applicable Law. The proceeds of any sale of the whole or any part of any of the Collateral as a result of an Event of Default, together with any other moneys paid to or held by the Lender under the provisions of any Credit Document, shall be applied by the Lender in the following order:.

Appears in 1 contract

Samples: Credit Agreement (Docucorp Inc)

THEREUPON. In in the case of an Event of Default, Default other than an Event of Default one referred to in paragraph (f) or (g) of this Section 9.6. or Section 9.7.9 with respect to the Company, the Lender mayAdministrative Agent may and, upon request of the Majority Banks (or with respect to Swingline Loans, upon the request of the Swingline Bank), shall, by notice to the Company, cancel terminate the Credit Facility Commitments (and/or the Swingline Commitment) and/or declare the then-outstanding principal amount then outstanding of, and the accrued interest on, the Loans and all other Obligations amounts payable by the Company hereunder and under the Notes (including, without limitation, any amounts payable under Section 10.3.5.04 hereof) 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 Company; and (2) in the case of the occurrence of an Event of Default referred to in paragraph (f) Credit Agreement or (g) of this Section 9.6. or Section 9.7. above9 with respect to the Company, the Credit Facility Commitments shall automatically be canceled terminated and the then-outstanding principal amount then outstanding of, and the accrued interest on, the Loans and all other Obligations amounts payable by the Company hereunder and under the Notes (including, without limitation, any amounts payable under Section 10.3.5.04 hereof) shall automatically become immediately due and payable without presentment, demand, protest or other formalities of any kind, all of which are hereby expressly waived by the Company; and (3) in the case of any Event of Default, the Lender may exercise any and all remedies available under the Security Documents or under Applicable Law. The proceeds of any sale of the whole or any part of any of the Collateral as a result of an Event of Default, together with any other moneys paid to or held by the Lender under the provisions of any Credit Document, shall be applied by the Lender in the following order:.

Appears in 1 contract

Samples: Credit Agreement (Enhance Financial Services Group Inc)

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THEREUPON. In the case of an Event of Default, other than an Event of Default referred to in Section 9.68.6. or Section 9.78.7., the Lender may, by notice to the Company, terminate its Commitment, cancel the Credit Facility and/or declare the then-outstanding principal amount of, and the accrued interest on, the Loans and all other Obligations payable by the Company hereunder and under the Notes Note (including, without limitation, any amounts payable under Section 10.39.3.) 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 Company; (2) in the case of the occurrence of an Event of Default referred to in Section 9.68.6. or Section 9.78.7. above, the Commitment and the Credit Facility shall automatically be canceled and the then-outstanding principal amount of, and the accrued interest on, the Loans and all other Obligations payable by the Company hereunder and under the Notes Note (including, without limitation, any amounts payable under Section 10.39.3.) shall automatically become immediately due and payable without presentment, demand, protest or other formalities of any kind, all of which are hereby expressly waived by the Company; and (3) in the case of any Event of Default, the Lender may exercise any and all remedies available under the Security Documents or under Applicable Law. The proceeds of any sale of the whole or any part of any of the Collateral as a result of an Event of Default, together with any other moneys paid to or held by the Lender under the provisions of any Credit Document, shall be applied by the Lender in the following order:.

Appears in 1 contract

Samples: Credit Agreement (Docucorp Inc)

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