Acceleration on Default. If any Event of Default has occurred and is continuing, the Trustee may in its discretion and shall upon receipt of a Holders’ Request, subject to section 6.4, by notice in writing to the Issuer, declare the principal of, and interest on, the TCPL Sub Notes of any Series then outstanding and any other moneys payable hereunder to be due and payable and the same shall forthwith become immediately due and payable to the Trustee, notwithstanding anything contained therein or herein to the contrary, and the Issuer shall pay forthwith to the Trustee for the benefit of the Holders of such Series the principal of, and accrued and unpaid interest (including interest on amounts in default) on, such TCPL Sub Notes and all other moneys payable hereunder, together with subsequent interest thereon at the rate borne by such TCPL Sub Notes from the date of such declaration until payment is received by the Trustee. Such payment when made shall be deemed to have been made in discharge of the Issuer’s obligations hereunder and any moneys so received by the Trustee shall be applied as provided in section 6.7.
Acceleration on Default. 8.2 If any Event of Default shall occur and be continuing, the Lender may (i) by notice to the Borrower, (A) declare its commitment to advance the Facility or any portion thereof to be terminated, whereupon the same shall forthwith terminate and (B) declare the entire unpaid principal amount of the Facility, all interest accrued and unpaid thereon and all other fees, charges and costs hereunder to be forthwith due and payable, whereupon the principal amount of the Facility, all such accrued interest and all other fees, charges and costs hereunder shall become and be forthwith due and payable, without presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived by the Borrower, provided that upon the occurrence of an actual or deemed entry of an order for relief with respect to the Borrower under the Bankruptcy and Insolvency Act (Canada), the Companies Creditors Arrangement Act (Canada), the Winding-up and Restructuring Act (Canada) or any other similar such legislation in other jurisdictions, the result which would otherwise occur only upon giving of notice by the Lender to the Borrower under this Section 8.2, shall occur automatically without the giving of any such notice; and (ii) whether or not the actions referred to in clause (i) have been taken, (X) exercise any or all of the Lender’s rights and remedies under the Security Documents, and (Y) proceed to enforce all other rights and remedies available to the Lender under this Agreement, the Security Documents and Applicable Law.
Acceleration on Default. In case of any Event of Default that has occurred and is continuing, the Trustee may in its discretion (but shall have no obligation to) and shall, if so directed by the Holders of not less than 33% in principal amount of the Notes then outstanding by instrument in writing, subject to the provisions of section 7.3, declare the principal of all Notes then outstanding and all other moneys payable hereunder to be due and payable and the same shall forthwith become immediately due and payable to the Trustee on written demand, anything therein or herein to the contrary notwithstanding. VGZ shall in either case forthwith pay to the Trustee for the benefit of the Noteholders the principal of such Notes and all other moneys payable hereunder, together with subsequent interest thereon at the rate of 12% per annum from the date of such declaration (subject to the proviso below) until the date payment is received by the Trustee, such subsequent interest to be payable at the times and places and according to the tenor of the Notes. Such payment when made shall be deemed to have been made in discharge of VGZ’s obligations hereunder and any moneys so received by the Trustee shall be applied in the manner provided in section 7.6.
Acceleration on Default. If at any time you should be in default under this Charge, then the Principal Amount and interest and all amounts secured by this Charge shall, at our option, become due and payable immediately.
Acceleration on Default. Upon the occurrence of an Event of Default and for so long as an Event of Default is continuing: (i) the entire principal amount of the Advance then outstanding, together with all accrued and unpaid interest thereon; (ii) the Prepayment Interest; and (iii) all other amounts owing under this Agreement and the other Loan Documents, shall be accelerated and become immediately due and payable upon written notice to that effect from the Agent to the Borrower, all without any other notice and without presentment, protest, demand, notice of dishonour or any other demand whatsoever (all of which are expressly waived by the Borrower and the other Group Entities). In such event, the Security Documents shall become immediately enforceable and the Agent may exercise any right or recourse and proceed by any action, suit, remedy or proceeding against any Group Entity as the Agent and the Lenders are entitled to take under Applicable Law, this Agreement, the Security Documents and the other Loan Documents for the recovery and payment in full of all Obligations, and such other action as the Agent deems advisable to enforce their rights and remedies, all without any notice, presentment, demand, protect or other formality, all of which are expressly waived by the Borrower and the other Group Entities. No such remedy for the enforcement of the rights of the Agent and 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 with any other remedy.
Acceleration on Default. In case any event of default hereunder has occurred, the Trustee may in its discretion and shall upon receipt of a Debentureholders’ Request declare the principal of and interest on all Debentures then outstanding and other moneys payable hereunder to be due and payable and the same shall forthwith become immediately due and payable to the Trustee on demand, anything therein or herein to the contrary notwithstanding, and the Corporation shall on such demand forthwith pay to the Trustee for the benefit of the Debentureholders the principal of and accrued and unpaid interest and interest on amounts in default on such Debentures (and, where such a declaration is based upon a voluntary winding-up or liquidation of the Corporation, the premium (if any) on the Debentures then outstanding which would have been payable upon the redemption thereof by the Corporation, other than through sinking fund operations, on the date of such declaration) and all other moneys payable thereunder together with subsequent interest thereon at the rates borne by the Debentures from the date of the said declaration until payment is received by the Trustee, such subsequent interest to be payable at the times and places and in the moneys mentioned in and according to the tenor of the Debentures and coupons. Such payment when made shall be deemed to
Acceleration on Default. On the occurrence of an Event of Default, the Member’s Obligations shall immediately become due and payable in full without notice to the Member.
Acceleration on Default. Subject to the absolute and unconditional right of each holder of a Debt Security to receive payment of the principal thereof and interest thereon on or after the respective due dates therefor as provided in Section 6.12, in case an Event of Default has occurred, the Trustee may in its discretion and shall upon the requisition in writing of the holders of at least 25% of the aggregate principal amount of the Debt Securities then outstanding (or, if the Event of Default has occurred with respect only to one or more series of Debt Securities, 25% in aggregate principal amount of the outstanding Debt Securities of such series), subject to the provisions of Section 6.3, by notice in writing to the Corporation declare the principal of and interest on all Debt Securities then outstanding (or the Debt Securities of such series, as the case may be) and other moneys payable hereunder to be due and payable and the same shall become immediately due and payable to the Trustee on demand, anything therein or herein to the contrary notwithstanding, and the Corporation shall on such demand forthwith pay to the Trustee for the benefit of the Debt Security holders the principal of and accrued and unpaid interest on and interest on amounts in default on such Debt Securities (and, where such a declaration is based upon a voluntary winding-up or liquidation of the Corporation, the premium, if any, on the Debt Securities then outstanding which would have been payable upon the redemption thereof by the Corporation on the date of such declaration) and all other moneys secured hereby, together with subsequent interest (to the extent permitted by law) on all such amounts at the rates specified by the Debt Securities or, in the case of any Debt Securities which do not specify a rate of interest for amounts in default, at the rate of interest borne by such Debt Securities or in the case of any Debt Securities which do not bear interest at an annual rate equivalent to the annual rate of interest announced from time to time by Citibank N.A. in The City of New York as being its reference or base rate then in effect for determining interest rates on U.S. dollar commercial loans, from the date of the said declaration until payment is received by the Trustee, such subsequent interest to be payable at the times and places and in the moneys mentioned in and according to the tenor of the Debt Securities and coupons (provided that, if no time for the payment of such subsequent interest is spec...
Acceleration on Default. (1) Upon the occurrence and during the continuance of an Event of Default, the Administrative Agent may (i) declare all Note Indebtedness to be immediately due and payable (including all accrued and unpaid interest and any interest at the Default Rate together with all other obligations owing to the Administrative Agent or any Holder under or in connection with this Agreement, the Notes and the Warrants), whereupon all such Note Indebtedness shall become due and payable, without presentment, demand, protest or further notice of any kind, all of which are expressly waived by the Company, and (ii) subject to the terms of the Intercreditor Agreement, exercise all rights and remedies available under this Agreement, any other Unit Purchase Documents and Applicable Law and the Administrative Agent or Holders may proceed to protect and enforce its rights by an action at law, suit in equity or other appropriate proceeding, whether for the specific performance of any agreement contained in any Unit Purchase Document, or for an injunction against a violation of any of the terms thereof, or in aid of the exercise of any power granted thereby or by law or otherwise. Notwithstanding any provision of any Unit Purchase Document and without limiting any of the other rights and/or remedies of the Administrative Agent or any Holder, if an Event of Default under Section 9.1(h) through Section 9.1(k) occurs, all of the Note Indebtedness shall be immediately due and payable immediately without any action, presentment, demand, protest or notice of any kind, all of which hereby are expressly waived by the Company Parties). Notwithstanding anything to the contrary in any Unit Purchase Document and for the avoidance of doubt, any reference in any Unit Purchase Document to an Event of Default existing, or having occurred and being in continuance, shall remain an Event of Default until it has been waived in accordance with such Unit Purchase Document.
Acceleration on Default. The Borrower agrees that after the occurrence of an Event of Default, and the giving of any applicable notice and cure period, this Note, and, at the option of the Holder, all obligations, if any, of the Borrower to the Holder, shall become at once due and payable without notice, presentment, or demand of payment.
