Acceleration and Enforcement. (1) If any Event of Default occurs:
Acceleration and Enforcement. (1) If any Event of Default occurs and is continuing, (i) the Lender will have no further obligation to make Loans hereunder, and the outstanding principal amount or face amount, as the case may be, of all Loans and all other Obligations will, at the option of the Lender, become immediately due and payable with interest thereon, at the rate or rates determined as herein provided, to the date of actual payment thereof, all without notice, presentment, protest, demand, notice of dishonour or any other demand or notice whatsoever, all of which are hereby expressly waived by each Credit Party; provided, if any Event of Default described in 11.01(j) or (k) with respect to the Credit Parties occurs, the Commitments (if not theretofore terminated) will automatically terminate and the outstanding principal amount or face amount, as the case may be, of all Loans and all other Obligations will automatically be and become immediately due and payable; (ii) the Lender may, in its discretion, exercise any right or recourse and proceed by any action, suit, remedy or proceeding against any Credit Party authorized or permitted by law for the recovery of all the Obligations of the Credit Parties to the Lender and, notwithstanding that the Lender has not exercised every right under the foregoing clause (i), proceed to exercise any and all rights hereunder and under the Loan Documents.
Acceleration and Enforcement. If any Event of Default shall occur, all Obligations shall, at the option of the Administrative Agent or (i) if there are one or two Lenders at the time of the occurrence of such Event of Default, upon the request of any Lender, or (ii) if there are more than two Lenders at the time of the occurrence of such Event of Default, upon the request of the Required Lenders, become immediately due and payable with interest thereon, at the rate or rates determined as herein provided, to the date of actual payment thereof, all without notice, presentment, protest, demand, notice of dishonour or any other demand or notice whatsoever, all of which are hereby expressly waived by the Obligors. In such event either such Lender or the Required Lenders, as applicable, or the Administrative Agent on its or their behalf may, in its or their sole discretion, exercise any right or recourse and/or proceed by any action, suit, remedy or proceeding against any Obligor, authorized or permitted by law for the recovery of all the Obligations of the Obligors to the Lenders and proceed to exercise any and all rights hereunder and no such remedy for the enforcement of the rights of the Lenders shall be exclusive of or dependent on any other remedy but any one or more of such remedies may from time to time be exercised independently or in combination.
Acceleration and Enforcement. On and at any time after the expiry of the Cure Period referred to in Clause 8.5(b) above, if the occurrence of a Material Event of Default is continuing and has not been remedied in full, then and in such event:
Acceleration and Enforcement. Issuer Events of Default) of the Programme Conditions; Issuer Authorised Signatories means such persons as have been authorised by the Issuer to sign on behalf of the Issuer from time to time;
Acceleration and Enforcement. (1) If any Event of Default occurs, and for so long as it has not been waived or cured to the satisfaction of the Required Lenders:
Acceleration and Enforcement. Upon the occurrence of an Event of Default, all obligations of the Borrower to the Bank under this Agreement and the Note will, at the sole option of the Bank and without written notice to the Borrower (except as required by law), immediately become due and payable without presentment, demand, protest or other notice of any kind, all of which are expressly waived by the Borrower, the charge, pledge and security interest created by the Pledge Agreement will thereupon become enforceable by the Bank or its duly authorized agent, and the Bank may, at its option, enforce the Pledge Agreement and security interest.
Acceleration and Enforcement. 70 ARTICLE VII. GUARANTY........................................................70
Acceleration and Enforcement. If any Event of Default shall be continuing, the Lender may by written notice to the Borrower, take any or all of the following actions, without prejudice to the rights of the Lender or the holder of the Note to enforce its claims against any Credit Party (provided that, if an Event of Default specified in Sections 6.1(e), (f) or (g) shall occur with respect to the Borrower, the result which would occur upon the giving of written notice by the Lender to the Borrower as specified in clauses (i) and (ii) below shall occur automatically without the giving of any such notice): (i) declare the Revolving Loan Commitment terminated, whereupon the Revolving Loan Commitment shall forthwith terminate immediately; (ii) declare the principal of and any accrued interest in respect of all Revolving Loans and the Note and all other Revolving Obligations owing hereunder and thereunder to be, whereupon the same shall become, forthwith due and payable without presentment, demand, protest or other notice of any kind, all of which are hereby waived by each Credit Party; (iii) terminate any Letter of Credit, which may be terminated, in accordance with its terms; (iv) direct the Borrower to pay (and the Borrower agrees that upon receipt of such notice, or upon the occurrence of an Event of Default specified in Sections 6.1(e), (f) or (g) with respect to the Borrower, it will pay) to the Lender at the Payment Office such additional amount of cash, to be held as security by the Lender, as is equal to the outstanding amount of all Letter of Credit Obligations then outstanding; (v) request the Required Secured Creditors under and as defined in the Intercreditor Agreement to direct the Collateral Agent to enforce all of the Liens and security interests created pursuant to the respective Security Documents subject to the terms of the Intercreditor Agreement to the extent applicable to such Security Document; and (vi) apply any cash collateral in the possession of the Lender to the outstanding Revolving Obligations.
Acceleration and Enforcement. Should an Event of Default occur and be continuing, the Lender may, in its discretion, but subject to the provisions of this section, by notice in writing to the Borrower declare the principal of and interest and premium, if any, on the Loans then outstanding and all other monies outstanding hereunder to be due and payable and the same shall thereupon forthwith become immediately due and payable to the Lender, and the Borrower shall forthwith pay to the Lender such principal, accrued and unpaid interest and premium, if any, and interest on amounts in default on the Loans and all other monies outstanding hereunder, together with subsequent interest at the rate of 15% per annum on such principal, interest, premium, if any, and such other monies from the date of such declaration or event until payment is received by the Lender, such subsequent interest to be payable at the times and places and in the manner mentioned in and according to the tenor of this Agreement.
