Common use of Action if Bankruptcy Clause in Contracts

Action if Bankruptcy. If any Event of Default described -------------------- in clauses (a) through (d) of Section 8.1.9 shall occur, the Commitments (if not ----------- --- ------------- theretofore terminated) shall automatically terminate and the outstanding principal amount of all outstanding Loans and all other Obligations shall automatically be and become immediately due and payable, without notice or demand.

Appears in 1 contract

Samples: Credit Agreement (Roberts Pharmaceutical Corp)

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Action if Bankruptcy. If any Event of Default described in -------------------- in clauses (a) through (d) of Section 8.1.9 shall occuroccur with respect to the ------------- Borrower or any of its Subsidiaries, the Commitments (if not ----------- --- ------------- theretofore terminated) shall automatically terminate and the outstanding principal amount of all outstanding Loans and all other Obligations shall automatically be and become immediately due and payable, without notice (including notice of intent to accelerate and notice of acceleration) or demand and notice and demand, are hereby waived.

Appears in 1 contract

Samples: Credit Agreement (Vintage Petroleum Inc)

Action if Bankruptcy. If any Event of -------------------- Default described -------------------- in clauses (a) through (d) ----------- --- of Section 8.1.9 shall occur, the Commitments ------------- (if not ----------- --- ------------- theretofore terminated) shall automatically terminate and the outstanding principal amount of all outstanding Loans and all other Obligations shall automatically be and become immediately due and payable, without notice or demand.

Appears in 1 contract

Samples: Credit Agreement (Triarc Companies Inc)

Action if Bankruptcy. If any Event of Default -------------------- described -------------------- in clauses (a) through (d) of Section 8.1.9 shall occuroccur with respect ----------- --- ------------- to the Borrower or any of its Subsidiaries, the Commitments (if not ----------- --- ------------- theretofore terminated) shall automatically terminate and the outstanding principal amount of all outstanding Loans and all other Obligations shall automatically be and become immediately due and payable, without notice (including notice of intent to accelerate and notice of acceleration) or demand and notice and demand, are hereby waived.

Appears in 1 contract

Samples: Credit Agreement (Vintage Petroleum Inc)

Action if Bankruptcy. If any Event of Default described -------------------- in clauses (a) through (de) of Section 8.1.9 shall occuroccur with respect to the Company or any Subsidiary, the Commitments (if not ----------- --- ------------- theretofore terminated) shall automatically terminate and be reduced to zero and the outstanding principal amount of all outstanding Loans and all other Obligations shall automatically be and become immediately due and payable, without notice or demand.

Appears in 1 contract

Samples: Credit Agreement (Andrew Corp)

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Action if Bankruptcy. If any Event of Default described in -------------------- in clauses (a) through (d) of Section 8.1.9 8.1.6 shall occuroccur with respect to the Company ----------- --- ------------- or any Subsidiary, the Commitments (if not ----------- --- ------------- theretofore terminated) shall automatically terminate and the outstanding principal amount of all outstanding Loans and all other Obligations shall automatically be and become immediately due and payable, without notice or demand.

Appears in 1 contract

Samples: Credit Agreement (Mycogen Corp)

Action if Bankruptcy. If any Event of Default described -------------------- in clauses (a) through (d) of Section 8.1.9 shall occuroccur with respect to the ----------- --- ------------- Borrower or any Obligor, the Commitments (if not ----------- --- ------------- theretofore terminated) shall automatically terminate and the outstanding principal amount of all outstanding Loans and all other Obligations shall automatically be and become immediately due and payable, without notice or demand.

Appears in 1 contract

Samples: Credit Agreement (Markwest Hydrocarbon Inc)

Action if Bankruptcy. If any Event of Default described -------------------- in clauses (a) through (de) of Section 8.1.9 7.1.9 shall occuroccur with respect to the Company or any Subsidiary, the Commitments (if not ----------- --- ------------- theretofore terminated) shall automatically terminate and be reduced to zero and the outstanding principal amount of all outstanding Loans and all other Obligations shall automatically be and become immediately due and payable, without notice or demand.

Appears in 1 contract

Samples: Credit Agreement (Andrew Corp)

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