Common use of Upon Default Clause in Contracts

Upon Default. Immediately upon the occurrence and during the continuance of an Event of Default, interest on the outstanding Obligations shall accrue at the Default Rate. Interest accruing at the Default Rate shall be payable on demand and in any event on the Maturity Date (or the date of any earlier prepayment in full of the Obligations) and shall accrue until the earliest to occur of (i) waiver of the applicable Event of Default in accordance with Section 11.12, (ii) agreement by the Majority Lenders to rescind the charging of interest at the Default Rate, or (iii) payment in full of the Obligations. The Lenders shall not be required to (A) accelerate the maturity of the Loans, (B) terminate the Revolving Loan Commitments, or (C) exercise any other rights or remedies under the Loan Documents in order to charge interest hereunder at the Default Rate.

Upon Default. Immediately upon Upon the occurrence and during the continuance of an Event of Default, interest on the outstanding Obligations shall accrue at the Default RateRate from the date of such Event of Default. Interest accruing at the Default Rate shall be payable on demand and in any event on the Maturity Date (or the date of any earlier prepayment in full of the Obligations) and shall accrue until the earliest to occur of (i) waiver of the applicable Event of Default in accordance with Section 11.1210.12 hereof, (ii) agreement by all of the Majority Lenders to rescind the charging of interest at the Default Rate, or (iii) payment in full of the Obligations. The Lenders shall not be required to (Ai) accelerate the maturity of the Loans, (Bii) terminate the Revolving Loan Commitments, or (Ciii) exercise any other rights or remedies under the Loan Documents in order to charge interest hereunder at the Default Rate.

Upon Default. Immediately upon Upon the occurrence and during the continuance of an Event of Default, interest on the outstanding Obligations shall accrue at the Default RateRate from the date of such Event of Default. Interest accruing at the Default Rate shall be payable on demand and in any event on the Maturity Date (or the date of any earlier prepayment in full of the Obligations) and shall accrue until the earliest to occur of (i) waiver in writing by the Lender of the applicable Event of Default in accordance with Section 11.12Default, (ii) agreement by the Majority Lenders Lender to rescind the charging of interest at the Default Rate, Rate or (iii) payment in full of the Obligations. The Lenders Lender shall not be required to (Ai) accelerate the maturity of the Loans, (B) terminate the Revolving Loan Commitments, Loans or (Cii) exercise any other rights or remedies under the Loan Documents in order to charge interest hereunder at the Default Rate.

Upon Default. Immediately upon the occurrence and during the continuance of an Event of Default, interest on the outstanding Obligations shall accrue at the Default Rate. Interest accruing at the Default Rate shall be payable on demand and in any event on the Maturity Date (or the date of any earlier prepayment in full of the Obligations) and shall accrue until the earliest to occur of (i) waiver of the applicable Event of Default in accordance with Section 11.12, (ii) agreement by the Majority Lenders to rescind the charging of interest at the Default Rate, or (iii) payment in full of the Obligations. The Lenders shall not be required to (A) accelerate the maturity of the Loans, (B) terminate the Revolving Loan CommitmentsCommitment, or (C) exercise any other rights or remedies under the Loan Documents in order to charge interest hereunder at the Default Rate.

Upon Default. Immediately upon Upon the occurrence and during the continuance of an Event of DefaultDefault and at the election of the Majority Lenders, interest on the outstanding Obligations shall accrue at the Default RateRate from the date of such Event of Default. Interest accruing at the Default Rate shall be payable on demand and in any event on the Maturity Date (or the date of any earlier prepayment in full of the Obligations) and shall accrue until the earliest to occur of (i) waiver of the applicable Event of Default in accordance with Section 11.1210.12 hereof, (ii) agreement by the Majority Lenders to rescind the charging of interest at the Default Rate, or (iii) payment in full of the Obligations. The Lenders shall not be required to (Ai) accelerate the maturity of the Loans, (Bii) terminate the Revolving Loan CommitmentsCommitment, or (Ciii) exercise any other rights or remedies under the Loan Documents in order to charge interest hereunder at the Default Rate.

Upon Default. Immediately upon the occurrence and during the continuance of an Event of Default, interest on the outstanding Obligations shall accrue at the Default Rate. Interest accruing at the Default Rate shall be payable on demand and in any event on the Maturity Date (or the date of any earlier prepayment in full of the Obligations) and shall accrue until the earliest to occur of (i) waiver of the applicable Event of Default in accordance with Section 11.12, (ii) agreement by the Majority Lenders to rescind the charging of interest at the Default Rate, or (iii) payment in full of the Obligations. The Lenders shall not be required to (A) accelerate the maturity of the Loans, (B) terminate the Revolving Loan Commitments, or (C) exercise any other rights or remedies under the Loan Documents in order to charge interest hereunder at the Default Rate.

Upon Default. Immediately upon Upon the occurrence and during the continuance of an Event of DefaultDefault under Section 8.1(b) hereof, interest on the outstanding Obligations shall accrue at the Default RateRate from the date of such Event of Default. Interest accruing at the Default Rate shall be payable on demand and in any event on the Maturity Date (or the date of any earlier prepayment in full of the Obligations) and shall accrue until the earliest to occur of (i) waiver of the applicable Event of Default in accordance with Section 11.1210.12 hereof, (ii) agreement by the Majority Lenders to rescind the charging of interest at the Default Rate, or (iii) payment in full of the Obligations. The Lenders shall not be required to (Ai) accelerate the maturity of the Loans, (Bii) terminate the Revolving Loan Commitments, or (Ciii) exercise any other rights or remedies under the Loan Documents in order to charge interest hereunder at the Default Rate.

Upon Default. Immediately upon Upon the occurrence and during the continuance of an Event of DefaultDefault under Section 8.1(b) hereof, interest on the outstanding Obligations shall accrue at the Default RateRate from the date of such Event of Default. Interest accruing at the Default Rate shall be payable on demand and in any event on the Initial Maturity Date (or and the date of any earlier prepayment in full of the Obligations) Final Maturity Date and shall accrue until the earliest to occur of (i) waiver of the applicable Event of Default in accordance with Section 11.1210.12 hereof, (ii) agreement by the Majority Lenders to rescind the charging of interest at the Default Rate, or (iii) payment in full of the Obligations. The Lenders shall not be required to (Ai) accelerate the maturity of the Loans, (Bii) terminate the Revolving Loan Commitments, or (Ciii) exercise any other rights or remedies under the Loan Documents in order to charge interest hereunder at the Default Rate.

Upon Default. Immediately upon Upon the occurrence and during the continuance of an Event of Default, interest on the outstanding Obligations shall accrue at the Default RateRate from the date of such Event of Default. Interest accruing at the Default Rate shall be payable on demand and in any event on the Maturity Date (or the date of any earlier prepayment in full of the Obligations) and shall accrue until the earliest to occur of (i) waiver in writing by the Lender of the applicable Event of Default in accordance with Section 11.12Default, (ii) agreement by the Majority Lenders Lender to rescind the charging of interest at the Default Rate, Rate or (iii) payment in full of the Obligations. The Lenders Lender shall not be required to (Ai) accelerate the maturity of the Loans, (B) terminate the Revolving Loan Commitments, Loans or (Cii) exercise any other rights or remedies under the Loan Documents in order to charge interest hereunder at the Default Rate.

Upon Default. Immediately upon Upon the occurrence and during the continuance of an Event of Default, interest on the outstanding Obligations shall accrue at the Default RateRate from the date of such Event of Default. Interest accruing at the Default Rate shall be payable on demand and in any event on the Maturity Date (or the date of any earlier prepayment in full of the Obligations) and shall accrue until the earliest to occur of (i) waiver of the applicable Event of Default in accordance with Section 11.1210.12, (ii) agreement by the Majority Lenders to rescind the charging of interest at the Default Rate, or (iii) payment in full of the Obligations. The Lenders shall not be required to (A) accelerate the maturity of the Loans, (B) terminate the Revolving Loan CommitmentsCommitment, or (C) exercise any other rights or remedies under the Loan Documents in order to charge interest hereunder at the Default Rate.

Upon Default. Immediately upon Upon the occurrence and during the continuance of an Event of Default, interest on the outstanding Obligations shall accrue at the Default RateRate from the date of such Event of Default. Interest accruing at the Default Rate shall be payable on demand and in any event on the Maturity Date (or the date of any earlier prepayment in full of the Obligations) and shall accrue until the earliest to occur of (i) waiver of the applicable Event of Default in accordance with Section 11.129.12, (ii) agreement by the Majority Lenders to rescind the charging of interest at the Default Rate, Rate or (iii) payment in full of the Obligations. The Lenders shall not be required to (A) accelerate the maturity of the Loans, (B) terminate the Revolving Loan Commitments, Commitment or (C) exercise any other rights or remedies under the Loan Documents in order to charge interest hereunder at the Default Rate.

Upon Default. Immediately upon the occurrence and during the continuance of an Event of Default, interest on the outstanding Obligations shall accrue at the Default Rate. Interest accruing at the Default Rate shall be payable on demand and in any event on the Maturity Date (or the date of any earlier prepayment in full of the Obligations) and shall accrue until the earliest to occur of (i) waiver of the applicable Event of Default in accordance with Section 11.12, (ii) agreement by the Majority Lenders to rescind the charging of interest at the Default Rate, or (iii) payment in full of the Obligations. The Lenders shall not be required to (A) accelerate the maturity of the Loans, Term Loan or (B) terminate the Revolving Loan Commitments, or (C) exercise any other rights or remedies under the Loan Documents in order to charge interest hereunder at the Default Rate.

Upon Default. Immediately upon the occurrence and during the continuance of an Event of Default, interest on the outstanding Obligations shall accrue at the Default Rate. Interest accruing at the Default Rate shall be payable on demand and in any event on the Maturity Date (or the date of any earlier prepayment in full of the Obligations) and shall accrue until the earliest to occur of (i) waiver of the applicable Event of Default in accordance with Section 11.12, (ii) agreement by the Majority Lenders to rescind the charging of interest at the Default Rate, or (iii) payment in full of the Obligations. The Lenders shall not be required to (A) accelerate the maturity of the Loans, (B) terminate the Revolving Loan CommitmentsCommitment, or (C) exercise any other rights or remedies under the Loan Documents in order to charge interest hereunder at the Default Rate.

Upon Default. Immediately upon Upon the occurrence and during the continuance of an Event of DefaultDefault and at the ------------ election of the Majority Lenders, interest on the outstanding Obligations shall accrue at the Default RateRate from the date of such Event of Default. Interest accruing at the Default Rate shall be payable on demand and in any event on the Maturity Date (or the date of any earlier prepayment in full of the Obligations) and shall accrue until the earliest to occur of (i) waiver of the applicable Event of Default in accordance with Section 11.1210.12 hereof, (ii) agreement by the Majority Lenders to rescind the charging of interest at the Default Rate, or (iii) payment in full of the Obligations. The Lenders shall not be required to (Ai) accelerate the maturity of the Loans, (Bii) terminate the Revolving Loan CommitmentsCommitment, or (Ciii) exercise any other rights or remedies under the Loan Documents in order to charge interest hereunder at the Default Rate.

Upon Default. Immediately upon Upon the occurrence and during the continuance of an Event of Default, interest on the outstanding Obligations shall accrue at the Default RateRate from the date of such Event of Default. Interest accruing at the Default Rate shall be payable on demand and in any event on the Maturity Date (or the date of any earlier prepayment in full of the Obligations) and shall accrue until the earliest to occur of (i) waiver of the applicable Event of Default in accordance with Section 11.12, (ii) agreement by the Majority Lenders to rescind the charging of interest at the Default Rate, or (iii) payment in full of the Obligations. The Lenders shall not be required to (A) accelerate the maturity of the Loans, (B) terminate the Revolving Loan CommitmentsCommitment, or (C) exercise any other rights or remedies under the Loan Documents in order to charge interest hereunder at the Default Rate.