Common use of Standard Terms and Conditions Apply Clause in Contracts

Standard Terms and Conditions Apply. Upon the earliest to occur of (a) a breach of the Minimum Availability Requirement, (b) the occurrence of a Default or Event of Default under the Loan Documents, or (c) a breach of Borrower's obligations under this Agreement, all of the respective terms and conditions of the Loan Agreement that have been modified by this Agreement will immediately revert to the respective standard terms and conditions as provided for in the Loan Agreement (without giving effect to this Agreement), which standard terms will immediately go back into effect without any further action on the part of Silicon or Borrower.

Standard Terms and Conditions Apply. Upon the earliest to occur of (a) a breach of the Minimum Availability Cash Balance Requirement, (b) a breach of the Maximum Outstandings Requirement, (c) the occurrence of a Default or an Event of Default under the Loan Documents, or (cd) a breach of Borrower's ’s obligations under this Agreement, all of the respective terms and conditions of the Loan Agreement that have been modified by this Agreement will immediately revert to the respective standard terms and conditions as provided for in the Loan Agreement (without giving effect to this Agreement), which standard terms will immediately go back into effect without any further action on the part of Silicon or Borrower.

Standard Terms and Conditions Apply. Upon the earliest to occur of (a) a breach of the Minimum Availability Requirement, (b) the occurrence of a Default or Event of Default under the Loan Documents, or (c) a breach of Borrower's obligations under this Agreement, all of the respective terms and conditions of the Loan Agreement and Exim Loan Agreement that have been modified by this Agreement will immediately revert to the respective standard terms and conditions as provided for in the Loan Agreement or, as applicable, the Exim Loan Agreement (without giving effect to this Agreement), which standard terms will immediately go back into effect without any further action on the part of Silicon or Borrower.