Common use of A Change of Control occurs Clause in Contracts

A Change of Control occurs. Upon the occurrence of an Event of Default, the Lender may declare the Commitment to be terminated, whereupon the Commitment shall be terminated, and/or declare all sums outstanding hereunder and under the other Loan Documents, including all accrued but unpaid interest thereon, to be immediately due and payable, whereupon the same shall become and be immediately due and payable, all without notice of default (except as otherwise provided in this Agreement), presentment or demand for payment, protest or notice of nonpayment or dishonor, or other notices or demands of any kind or character, all of which are hereby expressly waived; provided, however, that upon the occurrence of an actual or deemed entry of an order for relief with respect to the Exporter under any Debtor Relief Law, the Commitment shall automatically terminate, and all sums outstanding hereunder and under each other Loan Document, including all accrued but unpaid interest thereon, shall become and be immediately due and payable, all without notice of default (except as otherwise provided in this Agreement), presentment or demand for payment, protest or notice of nonpayment or dishonor, or other notices or demands of any kind or character, all of which are hereby expressly waived.