Acceleration; Additional Interest. (a) Upon the occurrence of an Insolvency Event, the Obligations shall become immediately due and payable, without the necessity of any demand upon or notice to the Credit Parties by the Agent.
Acceleration; Additional Interest. The Lender may demand immediate payment of the Obligations at any time in its sole discretion, by Demand Notice to the Borrowers. In addition, the Obligations shall become immediately due and payable upon the occurrence of an Insolvency Event, without the necessity of any Demand Notice to the Borrowers by the Lender. After notice of a Breach that has occurred and is continuing has been sent to the Borrowers and after any reasonable cure periods provided for in such notice have passed, all Outstanding Advances shall bear interest or fees at the rates otherwise applicable plus five percent (5%) per annum in order to compensate the Lender for the additional risk.
Acceleration; Additional Interest. Upon the occurrence of an Insolvency Event, the Obligations shall become immediately due and payable, without the necessity of any demand upon or notice to the Borrower by the Agent. Upon the occurrence and during the continuation of any Event of Default other than an Insolvency Event, the Agent may by written notice to the Borrower declare the Obligations to be immediately due and payable. From and after the date of the occurrence of an Event of Default and for so long as such Event of Default continues, both before and after the Acceleration Date, all Outstanding Advances shall bear interest or fees at the rates otherwise applicable plus two percent (2%) per annum in order to compensate the Lenders for the additional risk. Without limiting the rights and remedies available to the Agent and Lenders hereunder upon an Event of Default (including the right to receive immediate payment of all accelerated obligations), upon the occurrence and during the continuance of any Event of Default, all Loans that are LIBOR Loans shall, at the end of the applicable Interest Period automatically become Loans bearing interest at the Base Rate plus Applicable Margin and shall bear interest at the rate provided for such Loans, together with the additional 2% referenced above.
Acceleration; Additional Interest. If an Event of Default (other than an Event of Default specified in Section 7.01(h) or 7.01(i) above with respect to the Company) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in principal amount of the outstanding Notes by notice to the Company and the Trustee, may, and the Trustee at the request of such Holders shall, declare the principal of and accrued and unpaid interest, if any, and Additional Interest, if any, on all the Notes to be due and payable. Upon such a declaration, such principal and accrued and unpaid interest and Additional Interest, if any, shall be due and payable immediately. If an Event of Default specified in Section 7.01(h) or 7.01(i) above with respect to the Company occurs and is continuing, the principal of and accrued and unpaid interest, if any, and Additional Interest, if any, on all the Notes outstanding shall be immediately and automatically due and payable with no further action by the Trustee or the Holders. Notwithstanding anything herein to the contrary, except as provided in Sections 7.03(a) and 7.03(b), to the extent elected by the Company, the sole remedy for an Event of Default relating to the failure by the Company to comply with the obligation set forth in Section 5.03 and for any failure to comply with §314(a)(1) of the Trust Indenture Act shall, for the first 120 days after the occurrence of such an Event of Default, consist exclusively of the right for Holders to receive Additional Interest on the Notes at a rate equal to 0.25% per annum of the principal amount of the Notes. If the Company so elects, such Additional Interest shall be payable in the same manner and on the same dates as the stated interest payable on the Notes. The Additional Interest shall accrue on all outstanding Notes from and including the date on which such Event of Default first occurs to but not including the 120th day thereafter (or such earlier date on which such Event of Default shall have been cured or waived by Holders of a majority in principal amount of the outstanding Notes). On such 120th day after such Event of Default (if the Event of Default relating to such obligation is not cured or waived prior to such 120th day by Holders of a majority in principal amount of the outstanding Notes as provided herein), such Additional Interest shall cease to accrue and the Notes shall be subject to acceleration as provided above. The provisions of this paragraph shall not affect the rights of H...
