Common use of Amortization Date Clause in Contracts

Amortization Date. (a) Upon the occurrence of an Amortization Event (other than an Amortization Event described in Section 10.1(e), the Deal Agent shall, at the request, or may with the consent, of the Lenders, by notice to the Borrower declare the Amortization Date to have occurred, without demand, protest or future notice of any kind, all of which are hereby expressly waived by the Borrower, and, upon such declaration, all Capital and all other amounts owing by the Borrower under this Agreement shall become immediately due and payable in accordance with the remedies set forth in Section 9.4. (b) Notwithstanding anything to the contrary in Section 10.2(a), upon the occurrence of an Amortization Event described in Section 10.1(e), the Amortization Date shall automatically occur. (c) Upon any Amortization Date pursuant to this Section 10.2: if a Conduit Lender is the Lender, such Conduit Lender shall assign its interest in the Note and the Capital to the related Investors and such Investors shall accept such assignment without any further action.