Automatic Defaults. If any Event of Default referred to in Section 7.11 hereof shall occur: (a) all of the Commitment shall automatically and immediately terminate, if not previously terminated, and no Lender thereafter shall be under any obligation to grant any further Loan, nor shall the Fronting Lender be obligated to issue any Letter of Credit; and (b) the principal of and interest then outstanding on all of the Loans, and all of the other Obligations, shall thereupon become and thereafter be immediately due and payable in full (if the Obligations are not already due and payable), all without any presentment, demand or notice of any kind, which are hereby waived by each Borrower.
Appears in 8 contracts
Sources: Credit Agreement (TTEC Holdings, Inc.), Credit Agreement (TTEC Holdings, Inc.), Credit Agreement (Teletech Holdings Inc)
Automatic Defaults. If any Event of Default referred to in Section 7.11 7.10 hereof shall occur:
(a) all of the Commitment and the credits hereby established shall automatically and immediately terminate, if not previously terminated, and no Lender Bank thereafter shall be under any obligation to grant any further Loan, nor shall the Fronting Lender Agent be obligated to issue make any Letter of Credit; Swing Loan hereunder, and
(b) the principal of principal, interest and interest any other amounts then outstanding on all of the LoansNotes, and all of the other ObligationsDebt, shall thereupon become and thereafter be immediately due and payable in full (if the Obligations are Debt is not already due and payable), all without any presentment, demand or notice of any kind, which are hereby waived by each BorrowerBorrowers.
Appears in 5 contracts
Sources: Credit Agreement (Nordson Corp), Credit Agreement (Nordson Corp), Credit Agreement (Nordson Corp)
Automatic Defaults. If any Event of Default referred to in Section 7.11 7.12 hereof shall occur:
(a) all of the Commitment shall automatically and immediately terminate, if not previously terminated, and no Lender thereafter shall be under any obligation to grant any further Loan, nor shall the Fronting Lender be obligated to issue any Letter of Credit; and
(b) the principal of and interest then outstanding on all of the Loans, and all of the other Obligations, shall thereupon become and thereafter be immediately due and payable in full (if the Obligations are not already due and payable), all without any presentment, demand or notice of any kind, which are hereby waived by each Borrower.
Appears in 5 contracts
Sources: Credit Agreement (Sykes Enterprises Inc), Credit Agreement (Teletech Holdings Inc), Credit Agreement (Teletech Holdings Inc)
Automatic Defaults. If any Event of Default referred to in Section 7.11 8.11 hereof shall occur:
(a) all of the Commitment shall automatically and immediately terminate, if not previously terminated, and no Lender thereafter shall be under any obligation to grant any further Loan, nor shall the Fronting Lender be obligated to issue any Letter of Credit; and
(b) the principal of and interest then outstanding on all of the Loans, and all of the other Obligations, shall thereupon become and thereafter be immediately due and payable in full (if the Obligations are not already due and payable), all without any presentment, demand or notice of any kind, which are hereby waived by each Borrower.
Appears in 4 contracts
Sources: Credit and Security Agreement (Jupitermedia Corp), Credit and Security Agreement (Epiq Systems Inc), Credit and Security Agreement (Epiq Systems Inc)
Automatic Defaults. If any Event of Default referred to in Section 7.11 8.11 hereof shall occur:
(a) all of the Commitment shall automatically and immediately terminate, if not previously terminated, and no Lender thereafter shall be under any obligation to grant any further Loan, nor shall the Fronting Issuing Lender be obligated to issue any Letter of Credit; and
(b) the principal of and interest then outstanding on all of the Loans, and all of the other Obligations, shall thereupon become and thereafter be immediately due and payable in full (if the Obligations are not already due and payable), all without any presentment, demand or notice of any kind, which are hereby waived by each the Borrower.
Appears in 4 contracts
Sources: Credit and Security Agreement (Sleep Number Corp), Credit and Security Agreement (Sleep Number Corp), Credit and Security Agreement (Sleep Number Corp)
Automatic Defaults. If any Event of Default referred to in Section 7.11 8.12 hereof shall occur:
(a) a. all of the Commitment shall automatically and immediately terminate, if not previously terminated, and no Lender thereafter shall be under any obligation to grant any further Loan, nor shall the Fronting Issuing Lender be obligated to issue any Letter of Credit; and
(b) b. the principal of and interest then outstanding on all of the Loans, and all of the other Obligations, shall thereupon become and thereafter be immediately due and payable in full (if the Obligations are not already due and payable), all without any presentment, demand or notice of any kind, which are hereby waived by each the Borrower.
Appears in 3 contracts
Sources: Credit and Security Agreement (Bel Fuse Inc /Nj), Credit Agreement (Bel Fuse Inc /Nj), Credit and Security Agreement (Bel Fuse Inc /Nj)
Automatic Defaults. If any Event of Default referred to in Section 7.11 7.10 hereof shall occur:
(a) all of the Commitment shall automatically and immediately terminate, if not previously terminated, and no Lender thereafter shall be under any obligation to grant any further Loan, nor shall the Fronting Lender be obligated to issue any Letter of Credit; and
(b) the principal of and interest then outstanding on all of the Loans, and all of the other Obligations, shall thereupon become and thereafter be immediately due and payable in full (if the Obligations are not already due and payable), all without any presentment, demand or notice of any kind, which are hereby waived by each Borrower.
Appears in 3 contracts
Sources: Credit Agreement (Cintas Corp), Credit Agreement (Cintas Corp), Credit Agreement (Parametric Technology Corp)
Automatic Defaults. If any Event of Default referred to in Section 7.11 8.11 hereof shall occur:
(a) all of the Commitment shall automatically and immediately terminate, if not previously terminated, and no Lender thereafter shall be under any obligation to grant any further Loan, nor shall the Fronting Lender be obligated to issue any Letter of Credit; and
(b) the principal of and interest then outstanding on all of the Loans, and all of the other Obligations, shall thereupon become and thereafter be immediately due and payable in full (if the Obligations are not already due and payable), all without any presentment, demand or notice of any kind, which are hereby waived by each Borrower.
Appears in 3 contracts
Sources: Credit and Security Agreement (Epiq Systems Inc), Credit and Security Agreement (Epiq Systems Inc), Credit and Security Agreement (Epiq Systems Inc)
Automatic Defaults. If any Event of Default referred to in Section 7.11 8.14 hereof shall occur:
(a) all of the Commitment shall automatically and immediately terminate, if not previously terminated, and no Lender thereafter shall be under any obligation to grant any further Loan, nor shall the Fronting Lender Lenders be obligated to issue any Letter of Credit; and
(b) the principal of and interest then outstanding on all of the Loans, and all of the other Obligations, shall thereupon become and thereafter be immediately due and payable in full (if the Obligations are not already due and payable), all without any presentment, demand or notice of any kind, which are hereby waived by each Borrower.
Appears in 2 contracts
Sources: Credit and Security Agreement (Shiloh Industries Inc), Credit and Security Agreement (Shiloh Industries Inc)
Automatic Defaults. If any Event of Default referred to in Section 7.11 8.11 hereof shall occur:
(a) all of the Commitment shall automatically and immediately terminate, if not previously terminated, and no Lender thereafter shall be under any obligation to grant any further Loan, nor shall the Fronting Issuing Lender be obligated to issue any Letter of Credit; and
(b) the principal of and interest then outstanding on all of the Loans, and all of the other Obligations, shall thereupon become and thereafter be immediately due and payable in full (if the Obligations are not already due and payable), all without any presentment, demand or notice of any kind, which are hereby waived waived, to the extent permitted by applicable Law, by each Borrower.
Appears in 2 contracts
Sources: Credit Agreement (Universal Logistics Holdings, Inc.), Credit and Security Agreement (Universal Logistics Holdings, Inc.)
Automatic Defaults. If any Event of Default referred to in Section 7.11 hereof shall occur:
(a) all of the Commitment shall automatically and immediately terminate, if not previously terminated, and no Lender thereafter shall be under any obligation to grant any further Loan, nor shall the Fronting Lender be obligated to issue any Letter of Credit; , and
(b) the principal of and interest then outstanding on all of the LoansNotes, and all of the other ObligationsDebt, shall thereupon become and thereafter be immediately due and payable in full (if the Obligations are Debt is not already due and payable), all without any presentment, demand or notice of any kind, which are hereby waived by each Borrower.
Appears in 2 contracts
Sources: Credit Agreement (Pioneer Standard Electronics Inc), Credit Agreement (Sykes Enterprises Inc)
Automatic Defaults. If any Event of Default referred to in Section 7.11 7.14 hereof shall occur:
(a) all of the Commitment shall automatically and immediately terminate, if not previously terminated, and no Lender thereafter shall be under any obligation to grant any further Loan, nor shall the Fronting Lender be obligated to issue any Letter of Credit; and
(b) the principal of and interest then outstanding on all of the Loans, and all of the other Obligations, shall thereupon become and thereafter be immediately due and payable in full (if the Obligations are not already due and payable), all without any presentment, demand or notice of any kind, which are hereby waived by each Borrower.
Appears in 2 contracts
Sources: Credit Agreement (Core Molding Technologies Inc), Credit Agreement (Core Molding Technologies Inc)
Automatic Defaults. If any Event of Default referred to in Section 7.11 8.12 hereof shall occur:
(a) all of the Commitment shall automatically and immediately terminate, if not previously terminated, and no Lender thereafter shall be under any obligation to grant any further Loan, nor shall the Fronting Lender Lenders be obligated to issue any Letter of Credit; and
(b) the principal of and interest then outstanding on all of the Loans, and all of the other Obligations, shall thereupon become and thereafter be immediately due and payable in full (if the Obligations are not already due and payable), all without any presentment, demand or notice of any kind, which are hereby waived by each Borrower.
Appears in 2 contracts
Sources: Credit Agreement (Gibraltar Industries, Inc.), Credit Agreement (Gibraltar Industries, Inc.)
Automatic Defaults. If any Event of Default referred to in Section 7.11 8.11 hereof shall occur:
(a) all of the Commitment shall automatically and immediately terminate, if not previously terminated, and no Lender thereafter shall be under any obligation to grant any further Loan, nor shall the Fronting Issuing Lender be obligated to issue any Letter of Credit; and
(b) the principal of and interest then outstanding on all of the Loans, and all of the other Obligations, shall thereupon become and thereafter be immediately due and payable in full (if the Obligations are not already due and payable), all without any presentment, demand or notice of any kind, which are hereby waived by each Borrower.
Appears in 2 contracts
Sources: Credit and Security Agreement (AvidXchange Holdings, Inc.), Credit and Security Agreement (AvidXchange Holdings, Inc.)
Automatic Defaults. If any Event of Default referred to in Section 7.11 8.12 hereof shall occur:
(a) all of the Commitment shall automatically and immediately terminate, if not previously terminated, and no Lender thereafter shall not be under any obligation to grant any further Loan, nor shall the Fronting Lender be obligated Loan or to issue any Letter of Credit; and
(b) the principal of and interest then outstanding on all of the Loans, and all of the other Obligations, shall thereupon become and thereafter be immediately due and payable in full (if the Obligations are not already due and payable), all without any presentment, demand or notice of any kind, which are hereby waived by each Borrower.
Appears in 2 contracts
Sources: Credit and Security Agreement (Colonial Commercial Corp), Credit and Security Agreement (Hawk Corp)
Automatic Defaults. If any Event of Default referred to in Section 7.11 8.12 hereof shall occur:
(a) all of the Revolving Credit Commitment shall automatically and immediately terminate, if not previously terminated, and no Lender thereafter shall be under any obligation to grant any further Loan, nor shall the Fronting Lender be obligated to issue any Letter of Credit; and
(b) the principal of and interest then outstanding on all of the Loans, and all of the other Obligations, shall thereupon become and thereafter be immediately due and payable in full (if the Obligations are not already due and payable), all without any presentment, demand or notice of any kind, which are hereby waived by each the Borrower.
Appears in 2 contracts
Sources: Credit and Security Agreement, Credit and Security Agreement (Kratos Defense & Security Solutions, Inc.)
Automatic Defaults. If any Event of Default referred to in Section 7.11 7.12(b) hereof shall occur:
(a) all of the Commitment shall automatically and immediately terminate, if not previously terminated, and no Lender thereafter shall be under any obligation to grant any further Loan, nor shall the Fronting Lender be obligated to issue any Letter of Credit; and
(b) the principal of and interest then outstanding on all of the Loans, and all of the other Obligations, shall thereupon become and thereafter be immediately due and payable in full (if the Obligations are not already due and payable), all without any presentment, demand or notice of any kind, which are hereby waived by each Borrower.
Appears in 2 contracts
Sources: Credit Agreement (Nn Inc), Credit Agreement (Nn Inc)
Automatic Defaults. If any Event of Default referred to in Section 7.11 7.10 hereof shall occur:
(a) all of the Commitment shall automatically and immediately terminate, if not previously terminated, and no Lender thereafter shall be under any obligation to grant any further Loan, nor shall the Fronting Issuing Lender be obligated to issue any Letter of Credit; and
(b) the principal of and interest then outstanding on all of the Loans, and all of the other Obligations, shall thereupon become and thereafter be immediately due and payable in full (if the Obligations are not already due and payable), all without any presentment, demand or notice of any kind, which are hereby waived by each the Borrower.
Appears in 1 contract
Sources: Credit Agreement (Applied Industrial Technologies Inc)
Automatic Defaults. If any Event of Default referred to in Section 7.11 8.14 hereof shall occur:
(a) all of the Commitment shall automatically and immediately terminate, if not previously terminated, and no Lender thereafter shall be under any obligation to grant any further Loan, nor shall the Fronting Lender be obligated to issue any Letter of Credit; , and
(b) the principal of and interest then outstanding on all of the Loans, and all of the other ObligationsDebt, shall thereupon become and thereafter be immediately due and payable in full (if the Obligations are Debt is not already due and payable), all without any presentment, demand or notice of any kind, which are hereby waived by each Borrower.
Appears in 1 contract
Sources: Credit and Security Agreement (Shiloh Industries Inc)
Automatic Defaults. If any Event of Default referred to in Section 7.11 7.12 hereof shall occur:
(a) all of the Commitment and the credits hereby established shall automatically and immediately terminate, if not previously terminated, and no Lender Bank thereafter shall be under any obligation to grant any further Loan, nor shall the any Fronting Lender Bank be obligated to issue any Letter of Credit; , and
(b) the principal of and interest then outstanding on all of the LoansNotes, and all of the other ObligationsDebt, shall thereupon become and thereafter be immediately due and payable in full (if the Obligations are Debt is not already due and payable), all without any presentment, demand or notice of any kind, which are hereby waived by each Borrower.
Appears in 1 contract
Sources: Credit Agreement (Schulman a Inc)
Automatic Defaults. If any Event of Default referred to in Section 7.11 8.12 hereof shall occur:
(a) all of the Commitment shall automatically and immediately terminate, if not previously terminated, and no Lender thereafter shall be under any obligation to grant any further Loan, nor shall the Fronting Issuing Lender be obligated to issue any Letter of Credit; and
(b) the principal of and interest then outstanding on all of the Loans, and all of the other Obligations, shall thereupon become and thereafter be immediately due and payable in full (if the Obligations are not already due and payable), all without any presentment, demand or notice of any kind, which are hereby waived waived, to the extent permitted by applicable Law, by each Borrower.
Appears in 1 contract
Sources: Credit and Security Agreement (Universal Logistics Holdings, Inc.)
Automatic Defaults. If any Event of Default referred to in Section 7.11 8.12 hereof shall occur:
(a) all of the Commitment shall automatically and immediately terminate, if not previously terminated, and no Lender thereafter shall be under any obligation to grant any further Loan, nor shall the Fronting Lender be obligated to issue any Letter of Credit; and
(b) the principal of and interest then outstanding on all of the Loans, and all of the other Obligations, shall thereupon become and thereafter be immediately due and payable in full (if the Obligations are not already due and payable), all without any presentment, demand or notice of any kind, which are hereby waived by each Borrower.
Appears in 1 contract
Sources: Credit and Security Agreement (Kratos Defense & Security Solutions, Inc.)
Automatic Defaults. If any Event of Default referred to in Section 7.11 7.13 hereof shall occur:
(a) all of the Commitment shall automatically and immediately terminate, if not previously terminated, and no Lender thereafter shall be under any obligation to grant any further Loan, nor shall the Fronting Lender be obligated to issue any Letter of Credit; and
(b) the principal of and interest then outstanding on all of the Loans, and all of the other Obligations, shall thereupon become and thereafter be immediately due and payable in full (if the Obligations are not already due and payable), all without any presentment, demand or notice of any kind, which are hereby waived by each Borrower.
Appears in 1 contract
Sources: Credit Agreement (IHS Inc.)
Automatic Defaults. If any Event of Default referred to in Section 7.11 8.11(b) hereof shall occur:
(a) all of the Commitment shall automatically and immediately terminate, if not previously terminated, and no Lender thereafter shall be under any obligation to grant any further Loan, nor shall the Fronting Lender be obligated to issue any Letter of Credit; and
(b) the principal of and interest then outstanding on all of the Loans, and all of the other Obligations, shall thereupon become and thereafter be immediately due and payable in full (if the Obligations are not already due and payable), all without any presentment, demand or notice of any kind, which are hereby waived by each the Borrower.
Appears in 1 contract
Sources: Credit and Security Agreement (Ignite Restaurant Group, Inc.)
Automatic Defaults. If any Event of Default referred to in Section 7.11 7.10 hereof shall occur:
(a) all of the Commitment and the credits hereby established shall automatically and immediately terminate, if not previously terminated, and no Lender Bank thereafter shall be under any obligation to grant any further Loan, nor shall the Fronting Lender Agent be obligated to issue any Letter of Credit; Credit hereunder, and
(b) the principal of and interest then outstanding on all of the LoansNotes, and all of the other ObligationsDebt, shall thereupon become and thereafter be immediately due and payable in full (if the Obligations are Debt is not already due and payable), all without any presentment, demand or notice of any kind, which are hereby waived by each Borrower.
Appears in 1 contract
Sources: Credit Agreement (Cedar Fair L P)
Automatic Defaults. If any Event of Default referred to in Section 7.11 8.11 hereof shall occur:
: (a) all of the Commitment shall automatically and immediately terminate, if not previously terminated, and no Lender thereafter shall be under any obligation to grant any further Loan, nor shall the Fronting Lender Issuing Lenders be obligated to issue any Letter of Credit; and
and (b) the principal of and interest then outstanding on all of the Loans, and all of the other Obligations, shall thereupon become and thereafter be immediately due and payable in full (if the Obligations are not already due and payable), all without any presentment, demand or notice of any kind, which are hereby waived by each Borrower.
Appears in 1 contract
Automatic Defaults. If any Event of Default referred to in Section 7.11 7.12 hereof shall occur:
(a) all of the Commitment shall automatically and immediately terminate, if not previously terminated, and no Lender thereafter shall be under any obligation to grant any further Loan, nor shall the Fronting Lender be obligated to issue any Letter of Credit; , and
(b) the principal of and interest then outstanding on all of the LoansNotes, and all of the other ObligationsDebt, shall thereupon become and thereafter be immediately due and payable in full (if the Obligations are Debt is not already due and payable), all without any presentment, demand or notice of any kind, which are hereby waived by each Borrower.
Appears in 1 contract
Automatic Defaults. If any Event of Default referred to in Section 7.11 7.12 hereof shall occur:
(a) all of the Commitment shall automatically and immediately terminate, if not previously terminated, and no Lender thereafter shall be under any obligation to grant any further Loan, nor shall the Fronting Lender be obligated to issue any Letter of Credit; and
(b) the principal of and interest then outstanding on all of the Loans, and all of the other Obligations, shall thereupon become and thereafter be immediately due and payable in full (if the Obligations are not already due and payable), all without any presentment, demand or notice of any kind, which are hereby waived by each Borrower.
Appears in 1 contract
Sources: Credit Agreement (IHS Inc.)
Automatic Defaults. If any Event of Default referred to in Section 7.11 7.10 hereof shall occur:
(a) all of the Commitment shall automatically and immediately terminate, if not previously terminated, and no Lender thereafter shall be under any obligation to grant any further Loan, nor shall the Fronting Lender be obligated to issue any Letter of Credit; , and
(b) the principal of and interest then outstanding on all of the Loans, and all of the other Obligations, shall thereupon become and thereafter be immediately due and payable in full (if the Obligations are not already due and payable), all without any presentment, demand or notice of any kind, which are hereby waived by each Borrower.
Appears in 1 contract
Sources: Credit Agreement (Smucker J M Co)
Automatic Defaults. If any Event of Default referred to in Section 7.11 hereof shall occur:
(a) all of the Commitment shall automatically and immediately terminate, if not previously terminated, and no Lender thereafter shall be under any obligation to grant any further Loan, nor shall the Fronting Lender be obligated to issue any Letter of Credit; and
(b) the principal of and interest then outstanding on all of the Loans, and all of the other Obligations, shall thereupon become and thereafter be immediately due and payable in full (if the Obligations are not already due and payable), all without any presentment, demand or notice of any kind, which are hereby waived by each Borrower.
Appears in 1 contract
Automatic Defaults. If any Event of Default referred to in Section 7.11 8.14 hereof shall occur:
(a) all of the Commitment shall automatically and immediately terminate, if not previously terminated, and no Lender thereafter shall be under any obligation to grant any further Loan, nor shall the Fronting Lender be obligated to issue any Letter of Credit; and
(b) the principal of and interest then outstanding on all of the Loans, and all of the other Obligations, shall thereupon become and thereafter be immediately due and payable in full (if the Obligations are not already due and payable), all without any presentment, demand or notice of any kind, which are hereby waived by each Borrower.
Appears in 1 contract
Sources: Credit and Security Agreement (Shiloh Industries Inc)
Automatic Defaults. If any Event of Default referred to in Section 7.11 7.10 hereof shall occur:
(a) all of the Commitment and the credits hereby established shall automatically and immediately terminate, if not previously terminated, and no Lender Bank thereafter shall be under any obligation to grant any further Loan, nor shall the Fronting Lender Agent be obligated to issue make any Letter of Credit; Swing Loan hereunder, and
(b) the principal of and interest then outstanding on all of the LoansNotes, and all of the other ObligationsDebt, shall thereupon become and thereafter be immediately due and payable in full (if the Obligations are Debt is not already due and payable), all without any presentment, demand or notice of any kind, which are hereby waived by each Borrower.
Appears in 1 contract
Automatic Defaults. If any Event of Default referred to in Section 7.11 8.12 hereof shall occur:
(a) all of the Commitment shall automatically and immediately terminate, if not previously terminated, and no Lender thereafter shall be under any obligation to grant any further Loan, nor shall the Fronting Issuing Lender be obligated to issue any Letter of Credit; and
(b) the principal of and interest then outstanding on all of the Loans, and all of the other Obligations, shall thereupon become and thereafter be immediately due and payable in full (if the Obligations are not already due and payable), all without any presentment, demand or notice of any kind, which are hereby waived by each the Borrower.
Appears in 1 contract
Automatic Defaults. If any Event of Default referred to in Section 7.11 8.11 hereof shall occur:
(a) all of the Commitment Commitments shall automatically and immediately terminate, if not previously terminated, and no Lender Bank thereafter shall be under any obligation to grant any further Loan, Loan nor shall the Fronting Lender Bank be obligated to issue any Letter of Credit; , and
(b) the principal of and interest then outstanding on all of the LoansNotes, and all of the other ObligationsDebt, shall thereupon become and thereafter be immediately due and payable in full (if the Obligations are Debt is not already due and payable), all without any presentment, demand or notice of any kind, which are hereby waived by each BorrowerBorrowers.
Appears in 1 contract
Sources: Credit and Security Agreement (MTC Technologies Inc)
Automatic Defaults. If any Event of Default referred to in Section 7.11 7.13 hereof shall occur:
(a) all of the Commitment shall automatically and immediately terminate, if not previously terminated, and no Lender thereafter shall be under any obligation to grant any further Loan, nor shall the Fronting Lender be obligated to issue any Letter of Credit; and
(b) the principal of and interest then outstanding on all of the Loans, and all of the other Obligations, shall thereupon become and thereafter be immediately due and payable in full (if the Obligations are not already due and payable), all without any presentment, demand or notice of any kind, which are hereby waived by each Borrower.
Appears in 1 contract
Automatic Defaults. If any Event of Default referred to in Section 7.11 8.11 hereof shall occur:
(a) all of the Commitment shall automatically and immediately terminate, if not previously terminated, and no Lender thereafter shall be under any obligation to grant any further Loan, nor shall the Fronting Lender Issuing Lenders be obligated to issue any Letter of Credit; and
(b) the principal of and interest then outstanding on all of the Loans, and all of the other Obligations, shall thereupon become and thereafter be immediately due and payable in full (if the Obligations are not already due and payable), all without any presentment, demand or notice of any kind, which are hereby waived by each Borrower.
Appears in 1 contract