Common use of Upon an Insolvency Clause in Contracts

Upon an Insolvency. If an Event of Default exists under any of Sections 9.1(e)-(g), then (i) Lenders’ commitments to make any additional Advances will automatically terminate and (ii) all amounts then outstanding under the Promissory Note together with all other Obligations outstanding under this Agreement and the other Loan Documents (excluding the Swap Agreements) will automatically become immediately due and payable, without presentment, demand, protest or other notice of any kind, all of which are waived by Borrower.

Upon an Insolvency. If an Event of Default exists under any of Sections 9.1(e)-(g9.1(f)-(h), then (i) Lenders’ commitments commitments, if any, to make any additional Advances will automatically terminate and (ii) all amounts then outstanding under the Promissory Note together with all other Obligations outstanding under this Agreement and the other Loan Documents (excluding the Swap Agreements) will automatically become immediately due and payable, without presentment, demand, protest or other notice of any kind, all of which are waived by Borrower.

Upon an Insolvency. If an Event of Default exists under any of Sections 9.1(e)-(g), then (i) Lenders’ commitments to make any additional Advances will automatically terminate and (ii) all amounts then outstanding under the Promissory Note together with all other Obligations outstanding under this Agreement and the other Loan Documents (excluding the Swap AgreementsAgreement) will automatically become immediately due and payable, without presentment, demand, protest or other notice of any kind, all of which are waived by Borrower.