Common use of Acceleration of the Obligations Clause in Contracts

Acceleration of the Obligations. Upon or at any time after the occurrence and during the continuance of an Event of Default, (i) Agent may, and upon the direction of Majority Lenders, Agent shall, declare the Revolving Loan Commitments terminated and/or (ii) Agent may, and upon the direction of Majority Lenders, Agent shall, declare all or any portion of the Obligations at once due and payable without presentment, demand protest or further notice by Agent or any Lender, and Borrowers shall forthwith pay to Agent, the full amount of such Obligations, provided, that upon the occurrence of an Event of Default specified in subsection 10.1.8 hereof, the Revolving Loan Commitments shall automatically be terminated and all of the Obligations shall become automatically due and payable, in each case without presentment, declaration, notice or demand by Agent or any Lender.

Acceleration of the Obligations. Upon or at any time after the occurrence and during the continuance of an Event of Default, (i) the Agent may, may (with the consent of the Majority Lenders) and upon shall at the direction of the Majority Lenders, Agent shall, declare Lenders terminate the Revolving Loan Commitments terminated and/or (ii) the Agent may, may (with the consent of the Majority Lenders) and upon shall at the direction of the Majority Lenders, Agent shall, Lenders declare all or any portion of the Obligations other than Derivative Obligations (and all such Obligations shall thereupon become) at once due and payable without presentment, demand demand, protest or further notice by Agent or any Lender, and Borrowers Borrower shall forthwith pay to Agent, the full amount of such Obligations, provided, that upon the occurrence of an Event of Default specified in subsection 10.1.8 Subsection 10.1.9 hereof, the Revolving Loan Commitments shall automatically be terminated and all of the Obligations shall become automatically due and payable, in each case payable without presentment, declaration, notice or demand by Agent or any Lender, and the Revolving Loan Commitments shall be terminated.

Acceleration of the Obligations. Upon or at any time after the occurrence and during the continuance of an Event of Default, (i) Agent may, may (with the consent of the Majority Lenders) and upon shall at the direction of the Majority Lenders, Agent shall, declare Lenders terminate the Revolving Loan Commitments terminated and/or (ii) Agent may, may (with the consent of the Majority Lenders) and upon shall at the direction of the Majority Lenders, Agent shall, Lenders declare all or any portion of the Obligations other than Derivative Obligations (and all such Obligations shall thereupon become) at once due and payable without presentment, demand demand, protest or further notice by Agent or any Lender, and Borrowers Borrower shall forthwith pay to Agent, the full amount of such Obligations, provided, that upon the occurrence of an Event of Default specified in subsection 10.1.8 Subsection 9.1.9 hereof, the Revolving Loan Commitments shall automatically be terminated and all of the Obligations shall become automatically due and payable, in each case payable without presentment, declaration, notice or demand by Agent or any Lender, and the Revolving Loan Commitments shall be terminated.

Acceleration of the Obligations. Upon or at any time after the occurrence and during the continuance of an Event of Default, (i) Agent may, and upon the direction of Majority Lenders, Agent shall, declare the Revolving Loan Commitments shall, at the option of Agent or Majority Lenders, be terminated and/or (ii) Agent maymay (or shall, and upon the direction of from Majority Lenders, Agent shall, ) upon notice to Borrower Representative (which notice shall not be required with respect to Events of Default under subsection 10.1.8) declare all or any portion of the Obligations at once due and payable without presentment, demand protest or further notice by Agent or any Lender, and Borrowers shall forthwith pay to Agent, Agent the full amount of such Obligations, providedprovided that, that upon the occurrence of an Event of Default specified in subsection 10.1.8 hereof, the Revolving Loan Commitments shall automatically be terminated and all of the Obligations shall become automatically due and payable, in each case without presentment, declaration, notice or demand by Agent or any Lender.

Acceleration of the Obligations. Upon or at any time after the occurrence and during the continuance of an Event of Default, (i) Agent may, and upon the direction of Majority Lenders, Agent shall, declare the Revolving Loan Commitments and/or the Delayed Draw Term Loan Commitments shall, at the option of Administrative Agent or Majority Lenders, be terminated and/or (ii) Administrative Agent may, and upon the direction of or Majority Lenders, Agent shall, Lenders may declare all or any portion of the Obligations at once due and payable without presentment, demand protest or further notice by any Agent or any Lender, and Borrowers shall forthwith pay to Administrative Agent, the full amount of such Obligations, provided, that upon the occurrence of an Event of Default specified in subsection 10.1.8 10.1.9 hereof, the Revolving Loan Commitments and the Delayed Draw Term Loan Commitments shall automatically be terminated and all of the Obligations shall become automatically due and payable, in each case without presentment, declaration, notice or demand by Administrative Agent or any Lender.