Common use of Acceleration and Cancellation Clause in Contracts

Acceleration and Cancellation. Upon the occurrence of an Event of Default at any time thereafter whilst such event is continuing, the Agent may (and, if so instructed by an Instructing Group, shall) by written notice to the Borrower:

Appears in 3 contracts

Sources: Credit Agreement (NTL Communications Corp), Credit Agreement (NTL Inc/De/), Credit Agreement (NTL Delaware Inc)

Acceleration and Cancellation. Upon the occurrence of If an Event of Default occurs and is continuing then, at any time thereafter whilst such event is continuingthereafter, the Agent may (and, if so instructed by an Instructing Group, shall) by written notice to each of the BorrowerObligors:

Appears in 1 contract

Sources: Revolving Credit Facility Agreement (Vnu N V)