Common use of Action if Bankruptcy Clause in Contracts

Action if Bankruptcy. If any Event of Default described in Section 5.1.2 shall occur, the outstanding principal amount of the Notes and all other Obligations shall automatically be and become immediately due and payable without notice, demand or presentment.

Appears in 2 contracts

Sources: Purchase Agreement (Horizon Offshore Inc), Purchase Agreement (Horizon Offshore Inc)

Action if Bankruptcy. If any Event of Default described in Section 5.1.2 7.1.4 shall occur, the outstanding principal amount of the Notes and all other Obligations shall automatically be and become immediately due and payable without notice, demand or presentment.

Appears in 2 contracts

Sources: Purchase Agreement (Horizon Offshore Inc), Purchase Agreement (Horizon Offshore Inc)

Action if Bankruptcy. If any Event of Default described in Section 5.1.2 8.1(f) shall occur, the outstanding principal amount of the Notes and all other Obligations shall automatically be and become immediately due and payable payable, without notice, demand notice or presentmentdemand.

Appears in 2 contracts

Sources: Note Purchase Agreement (Lapolla Industries Inc), Note Purchase Agreement (Lapolla Industries Inc)

Action if Bankruptcy. If any Event of Default described in Section 5.1.2 3.1(e) shall occur, the outstanding principal amount of the Notes and all other Obligations obligations evidenced hereby and thereby shall automatically be and become immediately due and payable payable, without notice, demand notice or presentmentdemand.

Appears in 1 contract

Sources: Note Purchase and Security Agreement (New World Coffee Manhattan Bagel Inc)

Action if Bankruptcy. If any Event of Default described in Section 5.1.2 SECTION 8.1.10 shall occur, the outstanding principal amount of the Notes and all other outstanding Obligations shall automatically be and become immediately due and payable payable, without notice, demand notice or presentmentdemand.

Appears in 1 contract

Sources: Credit Agreement (Hi Rise Recycling Systems Inc)

Action if Bankruptcy. If any Event of Default described in Section 5.1.2 8.1.4 shall occur, the outstanding principal amount of the all outstanding Notes and all other Obligations Liabilities shall automatically be and become immediately due and payable payable, without notice, demand notice or presentmentdemand.

Appears in 1 contract

Sources: Loan Agreement (Oglebay Norton Co)

Action if Bankruptcy. If any Event of Default described in clauses (a) through (d) of Section 5.1.2 7.1.3 shall occur, the outstanding principal amount of the all outstanding Notes and all other Obligations shall automatically be and become immediately due and payable payable, without notice, demand notice or presentmentdemand.

Appears in 1 contract

Sources: Purchase Agreement (Apparel Ventures Inc)

Action if Bankruptcy. If any Event of Default described in clauses (a) through (d) of Section 5.1.2 7.1.3 shall occur, the outstanding principal amount of the all outstanding Series No. 1 Notes and all other Obligations shall automatically be and become immediately due and payable payable, without notice, demand notice or presentmentdemand.

Appears in 1 contract

Sources: Note Purchase Agreement (MCM Capital Group Inc)

Action if Bankruptcy. If any Event of Default described in Section 5.1.2 SECTION 8.1.10 shall occur, the outstanding principal amount of the Notes and all other Obligations outstanding obligations shall automatically be and become immediately due and payable payable, without notice, demand notice or presentmentdemand.

Appears in 1 contract

Sources: Credit Agreement (Hi Rise Recycling Systems Inc)

Action if Bankruptcy. If any Event of Default described in clauses (a) through (d) of Section 5.1.2 9.1.8 shall occur, the outstanding principal amount of the all outstanding Notes and all other Obligations shall automatically be and become immediately due and payable payable, without notice, demand notice or presentmentdemand.

Appears in 1 contract

Sources: Note and Warrant Purchase Agreement (Ladish Co Inc)

Action if Bankruptcy. If any Event of Default described in clause (a) or (b) of Section 5.1.2 9.1.8 shall occur, the outstanding principal amount of the of, and accrued and unpaid interest on, all outstanding Notes and all other Obligations shall automatically be and become immediately due and payable payable, without notice, demand notice or presentmentdemand.

Appears in 1 contract

Sources: Securities Purchase Agreement (Affiliated Managers Group Inc)