Common use of Automatic Acceleration; Certain Bankruptcy-Related Events Clause in Contracts

Automatic Acceleration; Certain Bankruptcy-Related Events. If an Event of Default specified in paragraph (n) of Section 9.1 (Insolvency, Bankruptcy, Etc.) hereof shall occur or exist, then, in addition to all other rights and remedies which any Lender Party may have hereunder or under any other Loan Document, at law, in equity or otherwise, the Commitments shall automatically terminate and the Lenders shall be under no further obligation to make Loans and the Issuer shall be under no further obligation to issue Letters of Credit hereunder, and the unpaid principal amount of the Loans, interest accrued thereon and all other Loan Obligations, including those referred to in clause (iii) of the preceding paragraph (a), shall become immediately due and payable without presentment, demand, protest or notice of any kind, all of which are hereby waived, and an action therefor shall immediately accrue, and in addition, the Administrative Agent may, (and upon the written request of the Required Lenders), shall, by notice to Genesis (on behalf of the Borrowers), do (or shall direct the Collateral Agent to do) one or more of the following: (i) take any and all actions permitted under the Pledge Agreement or any other Loan Document or (ii) exercise such other remedies as may be available to the Lender Parties under applicable Law.

Automatic Acceleration; Certain Bankruptcy-Related Events. If an Event of Default specified in paragraph (nm) of Section 9.1 7.1 (Insolvency, Bankruptcy, Etc.) hereof shall occur or exist, then, in addition to all other rights and remedies which any Lender Party may have hereunder or under any other Loan Document, at law, in equity or otherwise, the Commitments shall automatically terminate and the Lenders shall be under no further obligation to make Loans and the Issuer shall be under no further obligation to issue Letters of Credit hereunder, hereunder and the unpaid principal amount of the Loans, interest accrued thereon and all other Loan Obligations, Obligations including those referred to in clause (iii) of the preceding paragraph (a), shall become immediately due and payable without presentment, demand, protest or notice of any kind, all of which are hereby waived, and an action therefor shall immediately accrue, and in addition, the Administrative Agent may, (and upon the written request of the Required Lenders), shall, by notice to Genesis Multicare (on behalf of the Borrowers), do (or shall direct the Collateral Agent to do) one or more of the following: (i) take any and all actions permitted under the Pledge Agreement or any other Loan Document or (ii) exercise such other remedies as may be available to the Lender Parties under applicable Law.

Automatic Acceleration; Certain Bankruptcy-Related Events. If an Event of Default specified in paragraph (nm) of Section 9.1 6.1 hereof (Insolvency, Bankruptcy, Etc.) hereof shall occur or exist, then, in addition to all other rights and remedies which any Lender Party may have hereunder or under any other Loan Document, at law, in equity or otherwise, the Commitments shall automatically terminate and the Lenders shall be under no further obligation to make Loans and the Issuer shall be under no further obligation to issue Letters of Credit hereunderLoans, and the unpaid principal amount of the Loans, interest accrued thereon and all other Loan Obligations, including those referred to in clause (iii) of the preceding paragraph (a), Obligations shall become immediately due and payable without presentment, demand, protest or notice of any kind, all of which are hereby waived, and an action therefor shall immediately accrue, and in addition, the Administrative Agent may, (and upon the written request of the Required Lenders), shall, by notice to Genesis (on behalf of the Borrowers)Borrower, do (or shall direct the Collateral Agent to do) one or more of the following: (i) take any and all actions permitted under the Pledge Agreement or any other Loan Document or (ii) exercise such other remedies as may be available to the Lender Parties under applicable Law.

Automatic Acceleration; Certain Bankruptcy-Related Events. If an Event of Default specified in paragraph (nm) of Section 9.1 (Insolvency, Bankruptcy, Etc.) hereof shall occur or exist, then, in addition to all other rights and remedies which any Lender Party may have hereunder or under any other Loan Document, at law, in equity or otherwise, the Commitments shall automatically terminate and the Lenders shall be under no further obligation to make Loans and the Issuer shall be under no further obligation to issue Letters of Credit hereunder, and the unpaid principal amount of the Loans, interest accrued thereon and all other Loan Obligations, Obligations including those referred to in clause (iii) of the preceding paragraph (a), shall become immediately due and payable without presentment, demand, protest or notice of any kind, all of which are hereby waived, and an action therefor shall immediately accrue, and in addition, the Administrative Agent may, (and upon the written request of the Required Lenders), shall, by notice to Genesis Multicare (on behalf of the Borrowers), do (or shall direct the Collateral Agent to do) one or more of the following: (i) take any and all actions permitted under the Pledge Agreement or any other Loan Document or (ii) exercise such other remedies as may be available to the Lender Parties under applicable Law.