Common use of Action if Other Event of Default Clause in Contracts

Action if Other Event of Default. If any Event of Default (other than any Event of Default described in clauses (b) through (d) of Section 8.1.6 with respect to the Borrower) shall occur for any reason, whether voluntary or involuntary, and be continuing, the Administrative Agent shall at the request, or may with the consent, of the Required Lenders and Finnvera, by notice to the Borrower, declare all of the outstanding principal amount of the Loans and other Obligations to be due and payable, whereupon the full unpaid amount of such Loans and other Obligations shall be and become immediately due and payable, without further notice, demand or presentment.

Appears in 6 contracts

Sources: Credit Agreement (Royal Caribbean Cruises LTD), Credit Agreement (Royal Caribbean Cruises LTD), Credit Agreement (Royal Caribbean Cruises LTD)

Action if Other Event of Default. If any Event of Default (other than any Event of Default described in clauses (ba) through (d) of Section 8.1.6 8.1.8 with respect to the a Borrower) shall occur for any reason, whether voluntary or involuntary, and be continuing, the Administrative Agent shall at Agent, upon the request, or may with the consent, written direction of the Required Lenders and FinnveraLenders, shall by notice to the Borrower, Borrowers declare all or any portion of the outstanding principal amount of the Loans and other Obligations to be due and payable, whereupon the full unpaid amount of such Loans and other Obligations which shall be so declared due and payable shall be and become immediately due and payable, without further notice, demand or presentment.

Appears in 2 contracts

Sources: First Lien Credit Agreement (Standard Register Co), Second Lien Credit Agreement (Standard Register Co)

Action if Other Event of Default. If any Event of Default (other than any an Event of Default described in clauses (ba) through (d) of Section 8.1.6 8.1.9 with respect to the Borrowerany Obligor) shall occur for any reason, whether voluntary or involuntary, and be continuing, the Administrative Agent shall at Agent, upon the request, or may with the consent, direction of the Required Lenders and FinnveraTerm Loan Lenders, shall by notice to the Borrower, Borrower declare all or any portion of the outstanding principal amount of the Term Loans and other Obligations to be due and payable, whereupon the full unpaid amount of such Term Loans and other Term Loan Obligations which shall be so declared due and payable shall be and become immediately due and payable, without further notice, demand or presentment.

Appears in 2 contracts

Sources: Term Loan Agreement (Specialty Foods Corp), Term Loan Agreement (Specialty Foods Acquisition Corp)

Action if Other Event of Default. If any Event of Default (other than any Event of Default described in clauses (ba) through (d) of Section 8.1.6 8.1.9 with respect to the Borrower) shall occur for any reason, whether voluntary or involuntary, and be continuing, the Administrative Agent shall at Agent, upon the request, or may with the consent, direction of the Required Lenders and FinnveraLenders, shall by notice to the Borrower, Borrower declare all or any portion of the outstanding principal amount of the Loans and other Obligations to be due and payable, whereupon the full unpaid amount of such Loans and other Obligations that shall be so declared due and payable shall be and become immediately due and payable, without further notice, demand or presentment.

Appears in 2 contracts

Sources: Second Lien Credit Agreement (Energy Xxi (Bermuda) LTD), Second Lien Credit Agreement (Energy Xxi (Bermuda) LTD)

Action if Other Event of Default. If any Event of Default (other than any Event of Default described in clauses (ba) through (d) of Section 8.1.6 9.1.9 with respect to the Borrower) shall occur for any reason, whether voluntary or involuntary, and be continuing, the Administrative Agent shall at Agent, upon the request, or may with the consent, direction of the Required Lenders and FinnveraLenders, shall by notice to the Borrower, Borrower declare all of the outstanding principal amount of the Loans and other payment Obligations to be due and payable, whereupon the full unpaid amount of such Loans and other payment Obligations shall be and become immediately due and payable, without further notice, demand or presentment.

Appears in 1 contract

Sources: Credit Agreement (Pogo Producing Co)

Action if Other Event of Default. If any Event of Default (other than any Event of Default described in clauses (ba) through (d) of Section 8.1.6 with respect to the Borrower8.1.9) shall occur for any reason, whether voluntary or involuntary, and be continuing, the Administrative Agent shall at Agent, upon the request, or may with the consent, direction of the Required Lenders and FinnveraLenders, shall by notice to the Borrower, Borrowers declare all or any portion of the outstanding principal amount of the Second-Lien Loans and other monetary Obligations to be due and payablepayable jointly and severally by the Borrowers, whereupon the full unpaid amount of such Second-Lien Loans and other monetary Obligations which shall be so declared due and payable shall be and become immediately due and payable, without further notice, demand or presentment.

Appears in 1 contract

Sources: Second Lien Credit Agreement (WRC Media Inc)

Action if Other Event of Default. If any Event of Default (other than any Event of Default described in clauses (ba) through (d) of Section 8.1.6 with respect to the Borrower8.1.10 ) shall occur for any reason, whether voluntary or involuntary, and be continuing, the Administrative Agent shall at Agent, upon the request, or may with the consent, direction of the Required Lenders and FinnveraLenders, shall by notice to the Borrower, Borrowers declare all or any portion of the outstanding principal amount of the Loans and other Obligations to be due and payablepayable and/or the Loan Commitments (if not theretofore terminated) to be terminated, whereupon the full unpaid amount of such Loans and other Obligations which shall be and become immediately due and payable, without further notice, demand or presentment.be

Appears in 1 contract

Sources: Credit Agreement (Penford Corp)

Action if Other Event of Default. If any Event of Default (other than any Event of Default described in clauses (ba) through (d) of Section 8.1.6 with respect to the Borrower9.1.9) shall occur for any reason, whether voluntary or involuntary, and be continuing, the Administrative Agent shall at Agent, upon the request, or may with the consent, direction of the Required Lenders and FinnveraLenders, shall by notice to the Borrower, Borrower declare all of the outstanding principal amount of the Loans and other Obligations to be due and payable, whereupon the full unpaid amount of such Loans and other Obligations which shall be so declared due and payable shall be and become immediately due and payable, without further notice, demand or presentment.

Appears in 1 contract

Sources: Credit Agreement (Pogo Producing Co)

Action if Other Event of Default. If any Event of Default (other than any Event of Default described in clauses (ba) through (d) of Section 8.1.6 with respect to the Borrower6.1.8) shall occur for any reason, whether voluntary or involuntary, and be continuing, the Administrative Agent shall at the request, or Lender may with the consent, of the Required Lenders and Finnvera, by notice to the Borrower, Borrower declare all or any portion of the outstanding principal amount of the Loans Loan and other Obligations to be due and payable, whereupon the full unpaid amount of such Loans Loan and other Obligations which shall be so declared due and payable shall be and become immediately due and payable, without further notice, demand or presentment.

Appears in 1 contract

Sources: Loan Agreement (Nastech Pharmaceutical Co Inc)