Common use of Action if Other Event of Default Clause in Contracts

Action if Other Event of Default. If any Event of Default (other than an Event of Default described in clauses (a), through (d) of Section 8.1.9) shall occur for any reason, whether voluntary or involuntary, and be continuing, the Administrative Agent, upon the direction of the Required Lenders, shall by notice to the Borrower declare all or any portion of the outstanding principal amount of the Loans and other Obligations (including Reimbursement Obligations) to be due and payable, require the Borrower to provide cash collateral to be deposited with the Administrative Agent in an amount equal to the undrawn amount of all Letters of Credit outstanding and/or declare the Commitments (if not theretofore terminated) to be terminated, whereupon the full unpaid amount of such Loans and other Obligations which shall be so declared due and payable shall be and become immediately due and payable, without further notice, demand or presentment, and/or, as the case may be, the Commitments shall terminate and the Borrower shall deposit with the Administrative Agent cash collateral in an amount equal to the undrawn amount of all Letters of Credit outstanding.

Appears in 6 contracts

Samples: Credit Agreement (Dri I Inc), Credit Agreement (Duane Reade Inc), Credit Agreement (Dri I Inc)

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Action if Other Event of Default. If any Event of Default (other than an Event of Default described in clauses (ab), through (c) and (d) of Section 8.1.98.1.9 with respect to any Obligor (other than Subsidiaries that are not Material Subsidiaries)) shall occur for any reason, whether voluntary or involuntary, and be continuing, the Administrative Agent, upon the direction of the Required Lenders, shall by notice to the Borrower declare all or any portion of the outstanding principal amount of the Loans and other Obligations (including Reimbursement Obligations) to be due and payable, require the Borrower to provide cash collateral to be deposited with the Administrative Agent in an amount equal to the undrawn amount of all Letters of Credit outstanding and/or declare the Commitments (if not theretofore terminated) to be terminated, whereupon the full unpaid amount of such Loans and other Obligations which shall be so declared due and payable shall be and become immediately due and payable, without further notice, demand or presentment, and/or, as the case may be, the Commitments shall terminate and the Borrower shall deposit with the Administrative Agent cash collateral in an amount equal to the undrawn amount of all Letters of Credit outstandingOutstandings.

Appears in 5 contracts

Samples: And Combined Credit Agreement (Merrill Corp), Credit Agreement (Charles River Laboratories Inc), Credit Agreement (Mueller Holdings (N.A.), Inc.)

Action if Other Event of Default. If any Event of Default (other than an any Event of Default described in clauses (a), ) through (d) of Section 8.1.99.1.9 with respect to the Borrower or any Subsidiary or any other Obligor) shall occur for any reason, whether voluntary or involuntary, and be continuing, the Administrative Agent, upon the direction of the Required Lenders, shall by notice to the Borrower declare all or any portion of the outstanding principal amount of the Loans and other Obligations (including Reimbursement Obligations) to be due and payable, require the Borrower to provide cash collateral to be deposited with the Administrative Agent in an amount equal to the undrawn amount Stated Amount of all issued Letters of Credit outstanding and/or declare the Commitments (if not theretofore terminated) to be terminated, whereupon the full unpaid amount of such Loans and other Obligations which shall be so declared due and payable shall be and become immediately due and payable, without further notice, demand or presentment, and/or, as the case may be, the Commitments shall terminate and the Borrower shall deposit with the Administrative Agent cash collateral in an amount equal to the undrawn amount Stated Amount of all issued Letters of Credit outstandingand/or, as the case may be, the Commitments shall terminate.

Appears in 4 contracts

Samples: Amendment Agreement (Weight Watchers International Inc), Credit Agreement (Weight Watchers International Inc), Credit Agreement (Weight Watchers International Inc)

Action if Other Event of Default. If any Event of Default (other than an any Event of Default described in clauses (a), ) through (d) of Section 8.1.99.1.9 with respect to WWI or any Subsidiary or any other Obligor) shall occur for any reason, whether voluntary or involuntary, and be continuing, the Administrative Agent, upon the direction of the Required Lenders, shall by notice to the Borrower WWI declare all or any portion of the outstanding principal amount of the Loans and other Obligations (including Reimbursement Obligations) to be due and payable, require the Borrower Borrowers to provide cash collateral to be deposited with the Administrative Agent in an amount equal to the undrawn amount Stated Amount of all issued Letters of Credit outstanding and/or declare the Commitments (if not theretofore terminated) to be terminated, whereupon the full unpaid amount of such Loans and other Obligations which shall be so declared due and payable shall be and become immediately due and payable, without further notice, demand or presentment, and/or, as the case may be, the Commitments shall terminate and the Borrower Borrowers shall deposit with the Administrative Agent cash collateral in an amount equal to the undrawn amount Stated Amount of all issued Letters of Credit outstandingand/or, as the case may be, the Commitments shall terminate.

Appears in 3 contracts

Samples: Credit Agreement (Weight Watchers International Inc), Credit Agreement (Weight Watchers International Inc), Credit Agreement (Weight Watchers International Inc)

Action if Other Event of Default. If any Event of Default (other than an any Event of Default described in clauses (a), ) through (d) of Section 8.1.98.1.9 with respect to the Borrower) or, prior to Disqualifying Condition Termination, with respect to EPL) shall occur for any reason, whether voluntary or involuntary, and be continuing, the Administrative Agent, upon the direction of the Required Lenders, shall by notice to the Borrower or EPL, as applicable, declare all or any portion of the outstanding principal amount of the Loans and other Obligations (including Reimbursement Obligations) to be due and payable, require the Borrower to provide cash collateral to be deposited with the Administrative Agent in an amount equal to the undrawn amount of all Letters of Credit outstanding payable and/or declare the Commitments (if not theretofore terminated) to be terminated, whereupon the full unpaid amount of such Loans and other Obligations which that shall be so declared due and payable shall be and become immediately due and payable, without further notice, demand or presentment, and/or, as the case may be, the Commitments shall terminate and the Borrower shall deposit with the Administrative Agent cash collateral in an amount equal and each other Obligor (other than, prior to the undrawn amount of Disqualifying Condition Termination, the EPL Obligors) shall automatically and immediately be obligated to Cash Collateralize all Letters Letter of Credit outstandingOutstandings.

Appears in 3 contracts

Samples: Credit Agreement (Energy Xxi (Bermuda) LTD), Credit Agreement (Epl Oil & Gas, Inc.), Credit Agreement (Energy Xxi (Bermuda) LTD)

Action if Other Event of Default. If any Event of Default (other than an Event of Default described in clauses (ab), through (c) and (d) of Section 8.1.98.1.9 with respect to any Obligor (other than immaterial Subsidiaries)) shall occur for any reason, whether voluntary or involuntary, and be continuing, the Administrative Agent, upon the direction of the Required Lenders, shall by notice to the Borrower declare all or any portion of the outstanding principal amount of the Loans and other Obligations (including Reimbursement Obligations) to be due and payable, require the Borrower to provide cash collateral to be deposited with the Administrative Agent in an amount equal to the undrawn amount of all Letters of Credit outstanding and/or declare the Commitments (if not theretofore terminated) to be terminated, whereupon the full unpaid amount of such Loans and other Obligations which shall be so declared due and payable shall be and become immediately due and payable, without further notice, demand or presentment, and/or, as the case may be, the Commitments shall terminate and the Borrower shall deposit with the Administrative Agent cash collateral in an amount equal to the undrawn amount of all Letters of Credit outstandingoutstanding and/or, as the case may be, the Commitments shall terminate.

Appears in 3 contracts

Samples: Credit Agreement (Brand Scaffold Services Inc), Credit Agreement (Brand Scaffold Services Inc), Credit Agreement (Brand Scaffold Services Inc)

Action if Other Event of Default. If any Event of Default (other than an any Event of Default described in clauses (a), ) through (d) of Section 8.1.98.1.9 with respect to the Borrowers) shall occur for any reason, whether voluntary or involuntary, and be continuing, the Administrative Agent, upon the direction of the Required Lenders (or, solely with respect to an Event of Default under Section 8.1.3 due solely to the applicable Borrower’s failure to observe the covenants contained in Section 7.2.4, (a) at the request of the Required Revolving Lenders and (b) after such request by the Required Revolving Lenders and subject in all respects to the terms set forth in Section 7.2.4, at the request of the Required Term Lenders), shall by notice to the Borrower Company declare all or any portion of the outstanding principal amount of the Loans and other Obligations (including Reimbursement Obligations, but excluding Hedging Obligations and Cash Management Obligations) to be due and payable, require the Borrower to provide cash collateral to be deposited with the Administrative Agent in an amount equal to the undrawn amount of all Letters of Credit outstanding payable and/or declare the Commitments (if not theretofore terminated) to be terminated, whereupon the full unpaid amount of such Loans and other Obligations which shall be so declared due and payable shall be and become immediately due and payable, without further notice, demand or presentment, and/or, as the case may be, the Commitments shall terminate and the Borrower Borrowers shall deposit with automatically and immediately be obligated to Cash Collateralize all Letter of Credit Outstandings, and the Administrative Agent cash collateral and the Collateral Agent shall have the right to take any or all actions and exercise any or all remedies available to a secured party under the Loan Documents or applicable law or in an amount equal to the undrawn amount of all Letters of Credit outstandingequity.

Appears in 2 contracts

Samples: Credit Agreement (Ferro Corp), Pledge and Security Agreement (Ferro Corp)

Action if Other Event of Default. If any Event of Default (other than an Event of Default described in clauses (ab), through (c) and (d) of Section 8.1.98.1.9 with respect to any Obligor (other than immaterial Subsidiaries)) shall occur for any reason, whether voluntary or involuntary, and be continuing, the Administrative Agent, upon the direction of the Required Lenders, shall by notice to the Borrower declare all or any portion of the outstanding principal amount of the Loans and other Obligations (including Reimbursement Obligations) to be due and payable, require the Borrower to provide cash collateral to be deposited with the Administrative Agent in an amount equal to the undrawn amount of all Letters of Credit outstanding and/or declare the Commitments (if not theretofore terminated) to be terminated, whereupon the full unpaid amount of such Loans and other Obligations which shall be so declared due and payable shall be and become immediately due and payable, without further notice, demand or presentment, and/or, as the case may be, the Commitments shall terminate and the Borrower shall deposit with the Administrative Agent cash collateral in an amount equal to the undrawn amount of all Letters of Credit outstandingOutstandings.

Appears in 2 contracts

Samples: Credit Agreement (Decisionone Corp /De), Credit Agreement (Decisionone Corp /De)

Action if Other Event of Default. If any Event of Default (other than an any Event of Default described in clauses CLAUSES (a), A) through (dD) of Section 8.1.9SECTION 9.1.9 with respect to WWI or any Subsidiary or any other Obligor) shall occur for any reason, whether voluntary or involuntary, and be continuing, the Administrative Agent, upon the direction of the Required Lenders, shall by notice to the Borrower WWI declare all or any portion of the outstanding principal amount of the Loans and other Obligations (including Reimbursement Obligations) to be due and payable, require the Borrower Borrowers to provide cash collateral to be deposited with the Administrative Agent in an amount equal to the undrawn amount Stated Amount of all issued Letters of Credit outstanding and/or declare the Commitments (if not theretofore terminated) to be terminated, whereupon the full unpaid amount of such Loans and other Obligations which shall be so declared due and payable shall be and become immediately due and payable, without further notice, demand or presentment, and/or, as the case may be, the Commitments shall terminate and the Borrower Borrowers shall deposit with the Administrative Agent cash collateral in an amount equal to the undrawn amount Stated Amount of all issued Letters of Credit outstanding.and/or, as the case may be, the Commitments shall terminate. -104-

Appears in 2 contracts

Samples: Credit Agreement (Weight Watchers International Inc), Credit Agreement (Weight Watchers International Inc)

Action if Other Event of Default. If any Event of Default (other than an Event of Default described in clauses (a), ) through (d) of Section 8.1.9) shall occur for any reason, whether voluntary or involuntary, and be continuing, the Administrative Agent, upon the direction of the Required Lenders, shall by notice to the Borrower declare all or any portion of the outstanding principal amount of the Loans and other Obligations (including Reimbursement Obligations) to be due and payable, require the Borrower to provide cash collateral to be deposited with the Administrative Agent in an amount equal to the undrawn amount of all Letters of Credit outstanding and/or declare the Commitments (if not theretofore terminated) to be terminated, whereupon the full unpaid amount of such Loans and other Obligations which shall be so declared due and payable shall be and become immediately due and payable, without further notice, demand or presentment, and/or, as the case may be, the Commitments shall terminate and the Borrower shall deposit with the Administrative Agent cash collateral in an amount equal to the undrawn amount of all Letters of Credit outstandingOutstandings.

Appears in 2 contracts

Samples: Credit Agreement (Nextel Partners Inc), Credit Agreement (Nextel Partners Inc)

Action if Other Event of Default. If any Event of Default (other than an any Event of Default described in clauses SECTION 8.1.3 (as it relates to SECTION 7.1.10) or CLAUSES (a), ) through (d) of Section 8.1.9SECTION 8.1.9 with respect to the Borrower or any Subsidiary or any other Obligor) shall occur for any reason, whether voluntary or involuntary, and be continuing, the Administrative Agent, upon the direction of the Required Lenders, shall by notice to the Borrower declare all or any portion of the outstanding principal amount of the Loans and other Obligations (including Reimbursement Obligations) to be due and payable, require the Borrower to provide cash collateral to be deposited with the Administrative Agent in an amount equal to the undrawn amount Stated Amount of all issued Letters of Credit outstanding and/or declare the Commitments (if not theretofore terminated) to be terminated, whereupon the full unpaid amount of such Loans and other Obligations which shall be so declared due and payable shall be and become immediately due and payable, without further notice, demand or presentment, and/or, as the case may be, the Commitments shall terminate and the Borrower shall deposit with the Administrative Agent cash collateral in an amount equal to the undrawn amount Stated Amount of all issued Letters of Credit outstandingand/or, as the case may be, the Commitments shall terminate.

Appears in 1 contract

Samples: Credit Agreement (Keebler Corp)

Action if Other Event of Default. If any Event of Default (other than an Event of Default described in clauses (a), through (d) of Section 8.1.910.1.6) shall occur for any reason, whether voluntary or involuntary, and be continuing, the Administrative Agent, upon the direction of the Required LendersBanks, shall may, by giving notice to the Borrower Borrower, declare (a) all of the Commitments and all obligations to issue Letters of Credit to be terminated, whereupon the Commitments and all obligations to issue Letters of Credit shall be immediately terminated, and/or (b) all or any portion of the outstanding principal amount of the Loans and or the outstanding amount of any other Obligations (including Reimbursement Obligations) to be immediately due and payable, require whereupon all of the Commitments and all obligations to issue Letters of Credit shall terminate forthwith and such Loans and other Obligations, or, as the case may be, such portion thereof, shall be and become immediately due and payable, and the Borrower shall automatically become obligated to provide cash collateral to be deposited with the Administrative Agent in an amount equal to the undrawn amount of under all Letters of Credit outstanding and/or declare the Commitments Credit, in each case under clause (if not theretofore terminateda) to be terminated, whereupon the full unpaid amount of such Loans and other Obligations which shall be so declared due and payable shall be and become immediately due and payableor (b), without further notice, demand demand, presentment or presentment, and/or, as the case may be, the Commitments shall terminate and the Borrower shall deposit with the Administrative Agent cash collateral in an amount equal to the undrawn amount other action of all Letters of Credit outstandingany kind.

Appears in 1 contract

Samples: Credit Agreement (Softech Inc)

Action if Other Event of Default. If any Event of Default (other than an Event of Default described in clauses under CLAUSES (a), ) through (d) of Section 8.1.9) SECTION 8.1.9 with respect to the Borrower shall occur for any reason, whether voluntary or involuntary, and be continuing, the Administrative Agent, upon the direction of the Required Lenders, shall by notice to the Borrower declare all or any portion of the outstanding principal amount of the Loans and other Obligations (including Reimbursement Obligations) to be due and payable, require the Borrower to provide cash collateral to be deposited with the Administrative Agent in an amount equal to the undrawn amount Stated Amount of all issued Letters of Credit outstanding and/or declare the Commitments (if not theretofore terminated) to be terminated, whereupon the full unpaid amount of such Loans and other Obligations which shall be so declared due and payable shall be and become immediately due and payable, without further notice, demand or presentment, and/or, as the case may be, the Commitments shall terminate and the Borrower shall deposit with the Administrative Agent cash collateral in an amount equal to the undrawn amount Stated Amount of all issued Letters of Credit outstandingand/or, as the case may be, the Commitments shall terminate.

Appears in 1 contract

Samples: Credit Agreement (Keebler Foods Co)

Action if Other Event of Default. If any -------------------------------- Event of Default (other than an any Event of Default described in clauses (a), ) through (d) ----------- --- of Section 8.1.9) shall occur for any reason, ------------- whether voluntary or involuntary, and be continuing, the Administrative Agent, upon the direction of the Required Lenders, shall by notice to the Borrower Parent declare all or any portion of the outstanding principal amount of the Loans and other Obligations (including Reimbursement Obligations) to be due and payable, require the Borrower Borrowers to provide cash collateral to be deposited with the Administrative Agent in an amount equal to the undrawn amount of all Letters Letter of Credit outstanding Outstandings and/or declare the Commitments (if not theretofore terminated) to be terminated, whereupon the full unpaid amount of such Loans and other Obligations which shall be so declared due and payable shall be and become immediately due and payable, without further notice, demand or presentment, and/or, as the case may be, the Commitments shall terminate and the Borrower Borrowers shall deposit with the Administrative Agent cash collateral in an amount equal to the undrawn amount of all Letters Letter of Credit outstandingOutstandings and/or, as the case may be, the Commitments shall terminate.

Appears in 1 contract

Samples: Credit Agreement (Triarc Companies Inc)

Action if Other Event of Default. If any Event of Default (other than an any Event of Default described in clauses (a), ) through (d) of Section 8.1.9) shall occur for any reason, whether voluntary or involuntary, and be continuing, the Administrative Agent, upon the direction of the Required Lenders, shall by notice to the Borrower Borrowers declare all or any portion of the outstanding principal amount of the Loans and other Obligations (including Reimbursement Obligations) to be due and payable, require the Borrower Borrowers to provide cash collateral to be deposited with the Administrative Agent in an amount equal to the undrawn amount of all Letters Letter of Credit outstanding Outstandings and/or declare the Commitments (if not theretofore terminated) to be terminated, whereupon the full unpaid amount of such Loans and other Obligations which shall be so declared due and payable shall be and become immediately due and payable, without further notice, demand or presentment, and/or, as the case may be, the Commitments shall terminate and the Borrower Borrowers shall deposit with the Administrative Agent cash collateral in an amount equal to the undrawn amount of all Letters Letter of Credit outstandingOutstandings and/or, as the case may be, the Commitments shall ter- minate.

Appears in 1 contract

Samples: Credit Agreement (Triarc Companies Inc)

Action if Other Event of Default. If any Event of Default (other than an Event of Default described in clauses CLAUSES (aA), through (dD) of Section SECTION 8.1.9) shall occur for any reason, whether voluntary or involuntary, and be continuing, the Administrative Agent, upon the direction of the Required Lenders, shall by notice to the Borrower declare all or any portion of the outstanding principal amount of the Loans and other Obligations (including Reimbursement Obligations) to be due and payable, require the Borrower to provide cash collateral to be deposited with the Administrative Agent in an amount equal to the undrawn amount of all Letters of Credit outstanding and/or declare the Commitments (if not theretofore terminated) to be terminated, whereupon the full unpaid amount of such Loans and other Obligations which shall be so declared due and payable shall be and become immediately due and payable, without further notice, demand or presentment, and/or, as the case may be, the Commitments shall terminate and the Borrower shall deposit with the Administrative Agent cash collateral in an amount equal to the undrawn amount of all Letters of Credit outstanding.

Appears in 1 contract

Samples: Credit Agreement (Duane Reade Inc)

Action if Other Event of Default. If any Event of Default (other than an Event of Default described in clauses (ab), through (c) and (d) of Section 8.1.98.1.9 with respect to any Obligor) shall occur for any reason, whether voluntary or involuntary, and be continuing, the Administrative Agent, upon the direction of the Required Lenders, shall by notice to the Borrower Company declare all or any portion of the outstanding principal amount of the Loans and other Obligations (including Reimbursement Obligations) to be due and payable, require the Borrower applicable Borrowers to provide cash collateral (in the relevant Currency) to be deposited with the Administrative Agent in an amount equal to the undrawn amount of all Letters of Credit outstanding and/or declare the Commitments (if not theretofore terminated) to be terminated, whereupon the full unpaid amount of such Loans and other Obligations which shall be so declared due and payable shall be and become immediately due and payable, without further notice, demand or presentment, and/or, as the case may be, the Commitments shall terminate and the Borrower applicable Borrowers shall deposit with the Administrative Agent cash collateral (in the relevant Currency) in an amount equal to the undrawn amount of all Letters Letter of Credit outstandingOutstandings.

Appears in 1 contract

Samples: Credit Agreement (Formica Corp)

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Action if Other Event of Default. If any Event of Default (other than an Event of Default described in clauses CLAUSES (ab), through (c) and (d) of Section SECTION 8.1.9) shall occur for any reason, whether voluntary or involuntary, and be continuing, the Administrative Agent, upon the direction of the Required Lenders, shall by notice to the Borrower Company declare all or any portion of the outstanding principal amount of the Loans and other Obligations (including Reimbursement Obligations) to be due and payable, require the Borrower Company to provide cash collateral to be deposited with the Administrative Agent in an amount equal to the undrawn amount of all Letters of Credit outstanding and/or declare the Commitments (if not theretofore terminated) to be terminated, whereupon the full unpaid amount of such Loans and other Obligations which shall be so declared due and payable shall be and become immediately due and payable, without further notice, demand or presentment, and/or, as the case may be, the Commitments shall terminate and the Borrower Company shall deposit with the Administrative Agent cash collateral in an amount equal to the undrawn amount of all Letters of Credit outstandingOutstandings.

Appears in 1 contract

Samples: Security Agreement (Merrill Corp)

Action if Other Event of Default. If any Event of Default (other than an Event of Default described in clauses (a), through (d) of Section 8.1.910.1.6) shall occur for any reason, whether voluntary or involuntary, and be continuing, the Administrative Agent, upon the direction of the Required Lenders, shall, upon notice or demand, declare (a) all of the Commitments and all obligations to issue Letters of Credit to be terminated, whereupon the Commitments and all such obligations to issue Letters of Credit shall by notice to the Borrower declare be immediately terminated, and/or (b) all or any portion of the outstanding principal amount of the Revolving Loans or the outstanding amount of any other Obligations to be immediately due and payable, whereupon all of the Commitments and all obligations to issue Letters of Credit shall terminate forthwith and such Revolving Loans and other Obligations (including Reimbursement Obligations) to shall be and become immediately due and payable, require and the Borrower shall automatically become obligated to provide cash collateral to be deposited with the Administrative Agent in an amount equal to the undrawn amount of under all Letters of Credit outstanding and/or declare the Commitments Credit, in each case under clause (if not theretofore terminateda) to be terminated, whereupon the full unpaid amount of such Loans and other Obligations which shall be so declared due and payable shall be and become immediately due and payableor (b), without further notice, demand demand, presentment or presentment, and/or, as the case may be, the Commitments shall terminate and the Borrower shall deposit with the Administrative Agent cash collateral in an amount equal to the undrawn amount other action of all Letters of Credit outstandingany kind.

Appears in 1 contract

Samples: Credit Agreement (Chiquita Brands International Inc)

Action if Other Event of Default. If any Event of Default (other than an any Event of Default described in Section 9.1.3 (as it relates to Section 7.1.10) or clauses (a), ) through (d) of Section 8.1.99.1.9 with respect to WWI or any Subsidiary or any other Obligor) shall occur for any reason, whether voluntary or involuntary, and be continuing, the Administrative Agent, upon the direction of the Required Lenders, shall by notice to the Borrower WWI declare all or any portion of the outstanding principal amount of the Loans and other Obligations (including Reimbursement Obligations) to be due and payable, require the Borrower Borrowers to provide cash collateral to be deposited with the Administrative Agent in an amount equal to the undrawn amount Stated Amount of all issued Letters of Credit outstanding and/or declare the Commitments (if not theretofore terminated) to be terminated, whereupon the full unpaid amount of such Loans and other Obligations which shall be so declared due and payable shall be and become immediately due and payable, without further notice, demand or presentment, and/or, as the case may be, the Commitments shall terminate and the Borrower Borrowers shall deposit with the Administrative Agent cash collateral in an amount equal to the undrawn amount Stated Amount of all issued Letters of Credit outstandingand/or, as the case may be, the Commitments shall terminate.

Appears in 1 contract

Samples: Credit Agreement (Gutbusters Pty LTD)

Action if Other Event of Default. If any Event of Default (other than an Event of Default described in clauses (ab), through (c) and (d) of Section 8.1.9SECTION 8.1.9 with respect to any Obligor (other than immaterial Subsidiaries)) shall occur for any reason, whether voluntary or involuntary, and be continuing, the Administrative Agent, upon the direction of the Required Lenders, shall by notice to the Borrower declare all or any portion of the outstanding principal amount of the Loans and other Obligations (including Reimbursement Obligations) to be due and payable, require the Borrower to provide cash collateral to be deposited with the Administrative Agent in an amount equal to the undrawn amount of all Letters of Credit outstanding and/or declare the Commitments (if not theretofore terminated) to be terminated, whereupon the full unpaid amount of such Loans and other Obligations which shall be so declared due and payable shall be and become immediately due and payable, without further notice, demand or presentment, and/or, as the case may be, the Commitments shall terminate and the Borrower shall deposit with the Administrative Agent cash collateral in an amount equal to the undrawn amount of all Letters Letter of Credit outstandingOutstandings.

Appears in 1 contract

Samples: Security Agreement (Wilson Greatbatch Technologies Inc)

Action if Other Event of Default. If any Event of Default (other than an any Event of Default described in clauses (a), ) through (d) of Section 8.1.98.1.9 with respect to the Borrower or any of its Designated Subsidiaries other than UnitedAuto Finance Inc.) shall occur for any reason, whether voluntary or involuntary, and be continuing, the Administrative Agent, upon the direction of the Required Lenders, shall by notice to the Borrower declare all or any portion of the outstanding principal amount of the Loans and other Obligations (including Reimbursement Obligations) to be due and payable, require the Borrower to provide cash collateral to be deposited with the Administrative Agent in an amount equal to the undrawn amount of all Letters of Credit outstanding payable and/or declare the Commitments (if not theretofore terminated) to be terminated, whereupon the full unpaid amount of such Loans and other Obligations which shall be so declared due and payable shall be and become immediately due and payable, without further notice, demand or presentment, and/or, as the case may be, the Commitments shall terminate and the Borrower shall automatically and immediately be obligated to deposit with the Administrative Agent cash collateral in an amount equal to the undrawn amount of all Letters Letter of Credit outstandingOutstandings.

Appears in 1 contract

Samples: Credit Agreement (United Auto Group Inc)

Action if Other Event of Default. If any Event of Default (other than an any Event of Default described in clauses (a), ) through (d) of Section 8.1.9) shall occur for any reason, whether voluntary or involuntary, and be continuing, the Administrative Paying Agent, upon the direction of the Required Lenders, shall by notice to the Borrower Parent declare all or any portion of the outstanding principal amount of the Loans and other Obligations (including Reimbursement Obligations) to be due and payable, require the Borrower Borrowers to provide cash collateral to be deposited with the Administrative Paying Agent in an amount equal to the undrawn amount of all Letters Letter of Credit outstanding Outstandings and/or declare the Commitments (if not theretofore terminated) to be terminated, whereupon the full unpaid amount of such Loans and other Obligations which shall be so declared due and payable shall be and become immediately due and payable, without further notice, demand or presentment, the Borrowers shall deposit with the Paying Agent cash collateral in an amount equal to the Letter of Credit Outstandings and/or, as the case may be, the Commitments shall terminate and the Borrower shall deposit with the Administrative Agent cash collateral in an amount equal to the undrawn amount of all Letters of Credit outstandingterminate.

Appears in 1 contract

Samples: Credit Agreement (Triarc Companies Inc)

Action if Other Event of Default. If any Event of Default (other than an any Event of Default described in clauses (a), ) through (d) of Section 8.1.9) shall occur for any reason, whether voluntary or involuntary, and be continuing, the Administrative Agent, upon the direction of the Required Lenders, shall by notice to the Borrower declare all or any portion of the outstanding principal amount of the Loans and other Obligations (including Reimbursement Obligations) to be due and payable, require the Borrower to provide cash collateral to be deposited with the Administrative Agent in an amount equal to the undrawn amount of all Letters Letter of Credit outstanding Outstandings, and/or declare the Commitments (if not theretofore terminated) to be terminated, whereupon the full unpaid amount of such Loans and other Obligations which shall be so declared due and payable shall be and become immediately due and payable, without further notice, demand or presentment, and/or, as the case may be, the Commitments shall terminate and the Borrower shall automatically and immediately be obligated to deposit with the Administrative Agent cash collateral in an amount equal to the undrawn amount of all Letters Letter of Credit outstandingOutstandings.

Appears in 1 contract

Samples: Credit Agreement (Medaphis Corp)

Action if Other Event of Default. If any Event of Default (other than an Event of Default described in clauses (ab), through (c) and (d) of Section 8.1.9) shall occur for any reason, whether voluntary or involuntary, and be continuing, the Administrative Agent, upon the direction of the Required Lenders, shall by notice to the Borrower Company declare all or any portion of the outstanding principal amount of the Loans and other Obligations (including Reimbursement Obligations) to be due and payable, require the Borrower applicable Borrowers to provide cash collateral (in the relevant Currency) to be deposited with the Administrative Agent in an amount equal to the undrawn amount of all Letters of Credit outstanding and/or declare the Commitments (if not theretofore terminated) to be terminated, whereupon the full unpaid amount of such Loans and other Obligations which shall be so declared due and payable shall be and become immediately due and payable, without further notice, demand or presentment, and/or, as the case may be, the Commitments shall terminate and the Borrower applicable Borrowers shall deposit with the Administrative Agent cash collateral (in the relevant Currency) in an amount equal to the undrawn amount of all Letters Letter of Credit outstandingOutstandings.

Appears in 1 contract

Samples: Credit Agreement (Formica Corp)

Action if Other Event of Default. If any Event of Default (other than an any Event of Default described in clauses CLAUSES (a), A) through (dD) of Section 8.1.9SECTION 9.1.9 with respect to WWI or any Subsidiary or any other Obligor) shall occur for any reason, whether voluntary or involuntary, and be continuing, the Administrative Agent, upon the direction of the Required Lenders, shall by notice to the Borrower WWI declare all or any portion of the outstanding principal amount of the Loans and other Obligations (including Reimbursement Obligations) to be due and payable, require the Borrower Borrowers to provide cash collateral to be deposited with the Administrative Agent in an amount equal to the undrawn amount Stated Amount of all issued Letters of Credit outstanding and/or declare the Commitments (if not theretofore terminated) to be terminated, whereupon the full unpaid amount of such Loans and other Obligations which shall be so declared due and payable shall be and become immediately due and payable, without further notice, demand or presentment, and/or, as the case may be, the Commitments shall terminate and the Borrower Borrowers shall deposit with the Administrative Agent cash collateral in an amount equal to the undrawn amount Stated Amount of all issued Letters of Credit outstandingand/or, as the case may be, the Commitments shall terminate.

Appears in 1 contract

Samples: Credit Agreement (Weight Watchers International Inc)

Action if Other Event of Default. If any Event of Default (other than an Event of Default described in clauses (ab), through (c) and (d) of Section 8.1.9) shall occur for any reason, whether voluntary or involuntary, and be continuing, the Administrative Agent, upon the direction of the Required Lenders, shall by notice to the Borrower Company declare all or any portion of the outstanding principal amount of the Loans and other Obligations (including Reimbursement Obligations) to be due and payable, require the Borrower applicable Borrowers to provide cash collateral (in the relevant Currency) to be deposited with the Administrative Agent in an amount equal to the undrawn amount of all Letters of Credit outstanding and/or declare the Commitments (if not theretofore terminated) to be terminated, whereupon the full unpaid amount of such Loans and other Obligations which shall be so declared due and payable shall be and become immediately due and payable, without further notice, demand or 149 158 presentment, and/or, as the case may be, the Commitments shall terminate and the Borrower applicable Borrowers shall deposit with the Administrative Agent cash collateral (in the relevant Currency) in an amount equal to the undrawn amount of all Letters of Credit outstandingOutstandings.

Appears in 1 contract

Samples: Credit Agreement (Thermadyne Holdings Corp /De)

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