Acceleration upon Other Defaults Sample Clauses
The "Acceleration upon Other Defaults" clause allows a lender or counterparty to demand immediate repayment of all outstanding obligations if the borrower defaults on obligations other than the primary agreement, such as defaulting on another loan or breaching a related contract. In practice, this means that if the borrower fails to meet terms on a separate but relevant agreement, the lender can treat this as a trigger to accelerate repayment under the current contract as well. This clause serves to protect the lender by providing an early warning mechanism and a means to mitigate risk if the borrower's overall financial stability is compromised.
Acceleration upon Other Defaults. Upon the occurrence of any Event of Default other than any event described in Subsection 9.1.11 (Insolvency), or at any time thereafter if any Event of Default shall then be continuing, the Administrative Agent shall, if directed by the Majority Lenders, (a) by written notice to the Borrower, declare the entire unpaid principal balance or any portion of the principal balance of all or any of the Notes, and interest accrued and premium, if any, thereon and any unpaid accrued Commitment Fees and all other amounts accrued hereunder or under the other Loan Documents, to be immediately due and payable by the Borrower, and/or (b) terminate the Commitment.
Acceleration upon Other Defaults. Upon the occurrence and during the continuance of any Event of Default other than any event described in Subsection 9.1.12 (Insolvency), the Agent may (and shall if directed by the Majority Lenders)
(a) by written notice to the Borrower, declare the entire unpaid principal balance or any portion of the principal balance of all or any of the Notes, and interest accrued and premium, if any, thereon and any unpaid accrued Commitment Fees and all other amounts accrued hereunder or under the other Loan Documents, to be immediately due and payable by the Borrower, and/or (b) terminate the Commitments.
Acceleration upon Other Defaults. Upon the occurrence and during the continuance of any Event of Default other than any event described in Section 7.1.4, or at any time thereafter if any Event of Default shall then be continuing, the Lender may by written notice to the Borrower, declare the entire unpaid principal balance or any portion of the principal balance of all or any of the Note and all other amounts accrued hereunder or under the other Loan Documents, to be immediately due and payable by the Borrower.
Acceleration upon Other Defaults. Upon the occurrence and during the continuance of any Event of Default other than any event described in Section 7.1.7, or at any time thereafter if any Event of Default shall then be continuing, the Lender may (a) by written notice to the Borrower, declare the entire unpaid principal balance of the Notes, and interest accrued thereon and all other amounts accrued hereunder or under the other Loan Documents to be immediately due and payable by the Borrower, and/or (b) terminate the RC Commitment.
Acceleration upon Other Defaults. Upon the occurrence of any Event of Default other than any event described in Subsection 9.1.10 (Insolvency), or at any time thereafter if any Event of Default shall then be continuing, the Administrative Agent shall, if directed by the Majority Lenders (or, if a Financial Covenant Event of Default (and no other Event of Default not resulting from such Financial Covenant Event of Default) shall have occurred and is continuing at a time when the Term B Loan Standstill Period has not expired, then at the request of, or with the consent of, the Required Financial Covenant Lenders only, and in such case only with respect to the Financial Covenant Indebtedness), (a) by written notice to the Borrower, declare the entire unpaid principal balance or any portion of the principal balance of all or any of the Loans, and interest accrued and premium, if any, thereon and any unpaid accrued Commitment Fees and all other amounts accrued hereunder or under the other Loan Documents (or only the Financial Covenant Indebtedness, as applicable), to be immediately due and payable by the Borrower, and/or (b) terminate the Commitment.
Acceleration upon Other Defaults. Upon the occurrence of any other Event of Default, or at any time thereafter if any Event of Default shall then be continuing, the Agent may (and shall if directed by the Majority Lenders) by written notice to the Borrower, declare the entire unpaid principal balance or any portion of the principal balance of all or any of the Notes, and interest accrued and premium, if any, thereon and any unpaid accrued Commitment Fees and all other Secured Obligations, to be immediately due and payable by the Borrower and/or may terminate the Commitment.
Acceleration upon Other Defaults. 106 9.2.3 Remedies in General 106 9.3 Proceeds of Collateral. 107