Acceleration of the Liabilities. Upon and after the occurrence of a Default, all of the Liabilities may, at the option of Lender and without demand, notice, or legal process of any kind, be declared, and immediately shall become, due and payable.
Appears in 2 contracts
Sources: Loan and Security Agreement (Fansteel Inc), Loan and Security Agreement (3-D Geophysical Inc)
Acceleration of the Liabilities. Upon and after the occurrence and during the continuance of a an Event of Default, all of the Liabilities may, at the option of Lender and without demand, notice, or legal process of any kind, be declared, and immediately shall become, due and payable.
Appears in 1 contract
Sources: Credit Agreement (Sabratek Corp)
Acceleration of the Liabilities. Upon and after the occurrence of a Defaultand during the continuance of an Event of Default hereunder, then and in either such event all or any part of the Liabilities may, at the option of Lender Agent or Lenders and without demand, notice, or legal process of any kind, be declared, and immediately shall become, due and payable.
Appears in 1 contract
Acceleration of the Liabilities. Upon and after the occurrence of a Default, all or any portion of the Liabilities may, at the option of Lender and without demand, notice, or legal process of any kind, be declared, and immediately shall become, due and payable.
Appears in 1 contract
Sources: Revolving Loan and Security Agreement (Tro Learning Inc)