Common use of Effects of an Event of Default Clause in Contracts

Effects of an Event of Default. (a) Upon the happening of one or more Events of Default (except an Event of Default under either Section 10.1(e) or 10.1(f)), Lenders may declare any obligations it may have hereunder to be cancelled, and the principal of the Indebtedness then outstanding to be immediately due and payable, together with all interest thereon and costs and expenses accruing under the Transaction Documents. Upon such declaration, any obligations Lenders may have hereunder shall be immediately cancelled, and the Indebtedness then outstanding shall become immediately due and payable without presentation, demand, or further notice of any kind to Borrower. (b) Upon the happening of one or more Events of Default under Section 10.1(e) or 10.1(f), Lenders' obligations hereunder shall be cancelled immediately, automatically, and without notice, and the Indebtedness then outstanding shall become immediately due and payable without presentation, demand, or notice of any kind to the Borrower.

Effects of an Event of Default. (a) Upon the happening of one or more Events of Default (except an Event of Default under either Section 10.1(e) or 10.1(f)), Lenders Lender may declare any obligations it they may have hereunder to be cancelled, and the principal of the all Indebtedness then outstanding to be immediately due and payable, together with all interest thereon and costs and expenses accruing under the Transaction Documents. Upon such declaration, any obligations Lenders Lender may have hereunder shall be immediately cancelled, and the Indebtedness then outstanding shall become immediately due and payable without presentation, demand, or further notice of any kind to Borrower. (b) . Upon the happening of one or more Events of Default under Section 10.1(e) or 10.1(f), Lenders' Lender's obligations hereunder shall be cancelled immediately, automatically, and without notice, and the Indebtedness then outstanding shall become immediately due and payable without presentation, demand, or notice of any kind to the Borrower.

Effects of an Event of Default. (a) Upon the happening of one or more Events of Default (except an Event of Default under either Section 10.1(e) or 10.1(f)), Required Lenders may declare any obligations it they may have hereunder to be cancelled, and the principal of the all Indebtedness then outstanding to be immediately due and payable, together with all interest thereon and costs and expenses accruing under the Transaction Documents. Upon such declaration, any obligations Lenders may have hereunder shall be immediately cancelled, and the Indebtedness then outstanding shall become immediately due and payable without presentation, demand, or further notice of any kind to BorrowerBorrowers. (b) Upon the happening of one or more Events of Default under Section 10.1(e) or 10.1(f), Lenders' obligations hereunder shall be cancelled immediately, automatically, and without notice, and the Indebtedness then outstanding shall become immediately due and payable without presentation, demand, or notice of any kind to the BorrowerBorrowers.

Effects of an Event of Default. (a) Upon the happening of one or more Events of Default (except an Event of Default under either Section 10.1(e9.1(e) or 10.1(f9.1(f)), Lenders Lender may declare any obligations it may have hereunder to be cancelled, and the principal of the Indebtedness then outstanding to be immediately due and payable, together with all interest thereon and costs and expenses accruing under the Transaction Loan Documents. Upon such declaration, any obligations Lenders Lender may have hereunder shall be immediately cancelled, and the Indebtedness then outstanding shall become immediately due and payable without presentation, demand, or further notice of any kind to Borrower. (b) Upon the happening of one or more Events of Default under Section 10.1(e9.1(e) or 10.1(f9.1(f), Lenders' Lender's obligations hereunder shall be cancelled immediately, automatically, and without notice, and the Indebtedness then outstanding shall become immediately due and payable without presentation, demand, or notice of any kind to the Borrower.