Action if Bankruptcy. If any Event of Default described in Section 7.1(c) shall occur, the outstanding principal amount of all outstanding Loans and all other Obligations shall automatically be and become immediately due and payable and all further obligations on the part of the Lender to provide Loans shall terminate, all without notice, demand, presentment or other action of any kind.
Appears in 2 contracts
Sources: Credit Agreement (Pc Ephone Inc), Credit Agreement (Pc Ephone Inc)
Action if Bankruptcy. If any Event of Default described in Section 7.1(c7.01(j) (Bankruptcy, Insolvency, etc.) shall occuroccur with respect to the Borrower, then the outstanding principal amount of all outstanding Loans and all other Obligations shall automatically be and become immediately due and payable payable, and all the Commitment shall be automatically terminated, without further obligations on the part of the Lender to provide Loans shall terminatenotice, demand or presentment, all without notice, demand, presentment or other action of any kindwhich are expressly waived by the Borrower.
Appears in 1 contract
Action if Bankruptcy. If any Event of Default described in Section 7.1(c8.1(g) with respect to Borrower shall occur, the outstanding principal amount of all outstanding Loans and all other Obligations obligations hereunder shall automatically be and become immediately due and payable and all further obligations on the part of the Lender to provide Loans shall terminatepayable, all without notice, demand, protest or presentment or other action notice of any kind, all of which are hereby expressly waived by the Borrower. Without limiting the foregoing, the Agents and the Lenders shall be entitled to exercise any and all other remedies available to them under the Loan Documents and applicable law.
Appears in 1 contract
Sources: Credit Agreement (Brown Tom Inc /De)
Action if Bankruptcy. If any Event of Default described in Section 7.1(c7.01(i) shall occur, the outstanding principal amount of all outstanding Loans and all other Obligations shall automatically be and become immediately due and payable and all further obligations on the part of the Lender to provide Loans shall terminatepayable, without notice or demand, all without notice, demand, presentment or other action of any kindwhich are hereby waived by Borrower.
Appears in 1 contract
Sources: Senior Subordinated Credit Agreement (Lifepoint Hospitals, Inc.)
Action if Bankruptcy. If any Event of Default described in Section 7.1(c) 7.1.8 shall occuroccur with respect to the Borrower, then the outstanding principal amount of all outstanding Loans and all other Obligations shall automatically be and become immediately due and payable payable, and all the Commitment shall be automatically terminated, without further obligations on the part of the Lender to provide Loans shall terminatenotice, demand or presentment, all without notice, demand, presentment or other action of any kindwhich are expressly waived.
Appears in 1 contract
Sources: Credit Agreement (Apollo Senior Floating Rate Fund Inc.)
Action if Bankruptcy. If any Event of Default described in Section 7.1(c) 7.1.4 shall occur, the outstanding principal amount of all outstanding Loans and all other Obligations shall automatically be and become immediately due and payable payable, without notice or demand, and the Agent, upon the direction of the Required Lenders, shall exercise any and all further obligations on the part of the Lender to provide Loans shall terminaterights and remedies available under this Agreement or any other Loan Document, all without noticeor available at law or in equity, demandat any time, presentment or other action of in any kindorder and in any combination.
Appears in 1 contract
Sources: Credit Agreement (Internationale Nederlanden Capital Corp)
Action if Bankruptcy. If any Event of Default described in subsection (d) of Section 7.1(c) 7.1.4 shall occur, the outstanding principal amount of all outstanding Loans and all other Obligations shall automatically be and become immediately due and payable and all further obligations on the part of the Lender to provide Loans Commitments shall terminateautomatically be terminated, all in either case without notice, demand, presentment demand or other action of any kindpresentment.
Appears in 1 contract
Action if Bankruptcy. If any Event of Default described in clause (d) of Section 7.1(c) 7.1.4 shall occur, the outstanding principal amount of all outstanding Loans and all other Obligations shall automatically be and become immediately due and payable and all further obligations on the part of the Lender to provide Loans Commitments shall terminateautomatically be terminated, all in either case without notice, demand, presentment demand or other action of any kindpresentment.
Appears in 1 contract
Sources: Credit Agreement (Internationale Nederlanden Capital Corp)
Action if Bankruptcy. If any Event of Default described in Section 7.1(c7.01(i) shall occur, the Revolving Credit Commitments and the obligation of each Issuer to Issue any Letter of Credit (if not theretofore terminated), shall automatically terminate and the outstanding principal amount of all outstanding Loans and all other Obligations shall automatically be and become immediately due and payable and all further obligations on the part of the Lender to provide Loans shall terminatepayable, without notice or demand, all without notice, demand, presentment or other action of any kindwhich are hereby waived by each Borrower.
Appears in 1 contract
Sources: Credit Agreement (Solutia Inc)
Action if Bankruptcy. If any Event of Default described in subsection (d) of Section 7.1(c) 6.1.4 shall occur, the outstanding principal amount of all outstanding Loans and all other Obligations shall automatically be and become immediately due and payable and all further obligations on the part of the Lender to provide Loans shall terminate, all without notice, demand, presentment demand or other action of any kindpresentment.
Appears in 1 contract