Actions following an Event of Default Sample Clauses

Actions following an Event of Default. On, or at any time after, the occurrence of an Event of Default the Lender may: (a) serve on the Borrower a notice stating that all obligations of the Lender to the Borrower under this Agreement are terminated; and/or (b) serve on the Borrower a notice stating that the Loan, all accrued interest and all other amounts accrued or owing under this Agreement are immediately due and payable or are due and payable on demand; and/or (c) take any other action which, as a result of the Event of Default or any notice served under paragraph (a) or (b) above, the Lender is entitled to take under any Finance Document or any applicable law.

Actions following an Event of Default. On, or at any time after, the occurrence of an Event of Default: (a) the Agent may, and if so instructed by the Majority Lenders, the Agent shall: (i) serve on the Borrower a notice stating that the Commitments and all other obligations of each Lender to the Borrower under this Agreement are terminated; and/or (ii) serve on the Borrower a notice stating that the Loan, all accrued interest and all other amounts accrued or owing under this Agreement are immediately due and payable or are due and payable on demand; and/or (iii) take any other action which, as a result of the Event of Default or any notice served under paragraph (i) or (ii) above, the Agent and/or the Lenders are entitled to take under any Finance Document or any applicable law; and/or (b) the Security Trustee may, and if so instructed by the Agent, acting with the authorisation of the Majority Lenders, the Security Trustee shall take any action which, as a result of the Event of Default or any notice served under paragraph (a) (i) or (ii) above, the Security Trustee, the Agent and/or the Lenders are entitled to take under any Finance Document or any applicable law.

Actions following an Event of Default. On, or at any time after, the occurrence of an Event of Default:

Actions following an Event of Default. On, or at any time after, the occurrence of an Event of Default the Agent may, and if so instructed by the Majority Lenders, the Agent shall with the prior consent of SACE: (a) serve on the Borrower a notice stating that the Commitments and all other obligations of each Lender to the Borrower under this Agreement are terminated; and/or (b) serve on the Borrower a notice stating that the Loan (including but without limitation the amount representing the financed First Instalment and Second Instalment of the SACE Premium), all accrued interest and all other amounts accrued or owing under this Agreement are immediately due and payable or are due and payable on demand; and/or (c) take any other action which, as a result of the Event of Default or any notice served under paragraph (a) or (b), the Agent and/or the Lenders are entitled to take under any Finance Document or any applicable law.

Actions following an Event of Default. On, or at any time after, the occurrence of an Event of Default: (a) the Lender may: (i) serve on the Borrower a notice stating that the obligations of the Lender to the Borrower under this Agreement are terminated; and/or (ii) serve on the Borrower a notice stating that the Loan, all accrued interest and all other amounts accrued or owing under this Agreement are immediately due and payable or are due and payable on demand; and/or (iii) take any other action which, as a result of the Event of Default or any notice served under paragraph (i) or (ii) above, the Lender is entitled to take under any Finance Document or any applicable law; and/or (b) the Lender may take any action which, as a result of the Event of Default or any notice served under paragraph (a) (i) or (ii) above, the Lender is entitled to take under any Finance Document or any applicable law.

Actions following an Event of Default. On, or at any time after, the occurrence of an Event of Default and while the same is continuing: (a) the Facility Agent shall, if so instructed by the Majority Lenders: (i) serve on the Borrowers a notice stating that all or part of the Commitments and of other obligations of each Lender to the Borrowers under this Agreement are cancelled; and/or (ii) serve on the Borrowers a notice stating that all or part of the Loan, all or any accrued interest and all or any other amounts accrued or owing under this Agreement are immediately due and payable or are due and payable on demand; and/or (iii) take any other action which, as a result of the Event of Default which is continuing or any notice served under paragraph (i) or (ii), the Facility Agent and/or the Lenders are entitled to take under any Finance Document or any applicable law and the Facility Agent may, without being instructed by the Majority Lenders, take any action (other than that referred to in paragraphs (1) or (ii)) which, as a result of the Event of Default which is continuing, the Facility Agent is entitled to take under any Finance Document or any applicable law; and/or (b) the Security Agent shall, if so instructed by the Facility Agent, acting with the authorisation of the Majority Lenders, take any action which, as a result of the Event of Default which is continuing or any notice served under sub-paragraph (a)(i) and (a)(ii), the Security Agent, the Facility Agent and/or the Lenders and/or the Swap Bank are entitled to take under any Finance Document or any applicable law and the Security Agent may, without being instructed by the Facility Agent or the Majority Lenders, take any action which, as a result of the Event of Default which is continuing, the Security Agent is entitled to take under any Finance Document or any applicable law.

Actions following an Event of Default. On, or at any time after, the occurrence of an Event of Default the Lender may: a) serve on the Borrowers a notice stating that all obligations of the Lender to the Borrowers under this Agreement are terminated, provided that no notice shall be required in connection with the events contemplated by 7.1(b) and (c); and/or b) serve on the Borrowers a notice stating that the Loan, all accrued interest and all other amounts accrued or owing under this Agreement are immediately due and payable or are due and payable on demand, provided that no notice shall be required in connection with the events contemplated by 7.1(b) and (c); and/or

Actions following an Event of Default. On, or at any time after, the occurrence of an Event of Default: the Agent may, and if so instructed by the Majority Lenders, the Agent shall:

Actions following an Event of Default. On, or at any time after, the occurrence of an Event of Default the Facility Agent may: (a) serve on the Borrowers a notice stating that all obligations of the Lenders to the Borrowers under this Agreement are terminated; and/or (b) serve on the Borrowers a notice stating that the Loan, all accrued interest and all other amounts accrued or owing under this Agreement are immediately due and payable or are due and payable on demand; provided that in the case of an Event of Default under any of Clauses 13.1 (f), the Loan and all accrued interest and other amounts accrued or owing hereunder shall be deemed immediately due and payable without notice or demand therefor; and/or (c) change the Approved Managers; and/or (d) take any other action which, as a result of the Event of Default or any notice served under paragraph (a) or (b) above, a Credit Party is entitled to take under any Finance Document or any applicable law.