Optional Acceleration. Upon the occurrence of an Event of Default (other than an Event of Default described in Section 10.1(e) with respect to the Borrower), the Administrative Agent may by notice to the Borrower, declare the Termination Date to have occurred and the Obligations to be immediately due and payable, whereupon the Aggregate Commitment shall terminate and all Obligations shall become immediately due and payable.
Appears in 9 contracts
Sources: Credit and Security Agreement (Quest Diagnostics Inc), Credit and Security Agreement (Quest Diagnostics Inc), Credit and Security Agreement (Quest Diagnostics Inc)
Optional Acceleration. Upon the occurrence of an Event of Default (other than an Event of Default described in Section SECTION 10.1(e) with respect to the Borrower), either of the Administrative Agent Co-Agents may by notice to the BorrowerBorrower and the other Agents, declare the Termination Date to have occurred and the Obligations to be immediately due and payable, whereupon the Aggregate Commitment shall terminate and all Obligations shall become immediately due and payable.
Appears in 1 contract
Sources: Credit and Security Agreement (Interim Services Inc)