Common use of Bankruptcy Defaults Clause in Contracts

Bankruptcy Defaults. When any Event of Default described in subsection (i) or (j) of Section 8.1 has occurred and is continuing, then the Notes, including both principal and interest, and all fees, charges and other Obligations payable hereunder and under the other Loan Documents, shall immediately become due and payable without presentment, demand, protest or notice of any kind, and the obligations of the Lenders to extend further credit pursuant to any of the terms hereof shall immediately terminate. In addition, the Agent may exercise any and all remedies available to it under the Loan Documents or applicable law.

Appears in 2 contracts

Samples: Hewitt Associates Inc, Hewitt Associates Inc

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Bankruptcy Defaults. When any Event of Default described in subsection (ij) or (jk) of Section 8.1 9.1 has occurred and is continuing, then the Notes, including both principal and interest, and all fees, charges and other Obligations payable hereunder and under the other Loan Documents, shall immediately become due and payable without presentment, demand, protest or notice of any kind, and the obligations of the Lenders to extend further credit pursuant to any of the terms hereof shall immediately terminate. In addition, the Agent may exercise any and all remedies available to it under the Loan Documents or applicable law.

Appears in 2 contracts

Samples: Short Term Credit Agreement (Anicom Inc), Multicurrency Credit Agreement (Anicom Inc)

Bankruptcy Defaults. When any Event of Default described in subsection (ij) or (jk) of Section 8.1 has occurred and is continuing, then the NotesNote, including both principal and interest, and all fees, charges and other Obligations payable hereunder and under the other Loan Documentshereunder, shall immediately become due and payable without presentment, demand, protest or notice of any kind, and the obligations obligation of the Lenders Bank to extend further credit pursuant to any of the terms hereof shall immediately terminate. In addition, the Agent Bank may exercise any and all remedies available to it under the Loan Documents or applicable law. Section 8.4.

Appears in 2 contracts

Samples: Oil-Dri Corp of America, Credit Agreement (Oil-Dri Corp of America)

Bankruptcy Defaults. When any Event of Default described in subsection (ik) or (jl) of Section 8.1 9.1 has occurred and is continuing, then the NotesNote, including both principal and interest, and all fees, charges and other Obligations payable hereunder and under the other Loan Documents, shall immediately become due and payable without presentment, demand, protest or notice of any kind, and the obligations obligation of the Lenders Bank to extend further credit pursuant to any of the terms hereof shall immediately terminate. In addition, the Agent Bank may exercise any and all remedies available to it under the Loan Documents or applicable law.

Appears in 1 contract

Samples: Credit Agreement (Woodhead Industries Inc)

Bankruptcy Defaults. When any Event of Default described in subsection (ij) or (jk) of Section 8.1 has occurred and is continuing, then the Notes, including both principal and interest, and all fees, charges and other Obligations payable hereunder and under the other Loan Documents, shall immediately become due and payable without presentment, demand, protest or notice of any kind, and the obligations of the Lenders to extend further credit pursuant to any of the terms hereof shall immediately terminate. In addition, the Agent may exercise any and all remedies available to it under the Loan Documents or applicable law.

Appears in 1 contract

Samples: Credit Agreement (Hub Group Inc)

Bankruptcy Defaults. When any Event of Default described in subsection (il) or (jm) of Section 8.1 9.1 has occurred and is continuing, then the Notes, including both principal and interest, and all fees, charges and other Obligations payable hereunder and under the other Loan Documents, shall immediately become due and payable without presentment, demand, protest or notice of any kind, and the obligations of the Lenders to extend further credit pursuant to any of the terms hereof shall immediately terminate. In addition, the Agent may exercise any and all remedies available to it under the Loan Documents or applicable law.

Appears in 1 contract

Samples: Credit Agreement (Apac Teleservices Inc)

Bankruptcy Defaults. When any Event of Default described in subsection (ij) or (jk) of Section 8.1 has occurred and is continuing, then the Revolving Credit Notes, including both principal and interest, and all fees, charges and other Obligations payable hereunder and under the other Loan Documents, shall immediately become due and payable without presentment, demand, protest or notice of any kind, and the obligations of the Lenders to extend further credit pursuant to any of the terms hereof shall immediately terminate. In addition, the Agent may exercise any and all remedies available to it under the Loan Documents or applicable law.

Appears in 1 contract

Samples: Hub Group Inc

Bankruptcy Defaults. When any Event of Default described in subsection (ij) or (jk) of Section 8.1 9.1 has occurred and is continuing, then the Notes, including both principal and interest, and all fees, charges and other Obligations payable hereunder and under the other Loan Documents, shall immediately become due and payable without presentment, demand, protest or notice of any kind, and the obligations of the Lenders to extend further credit pursuant to any of the terms hereof shall immediately terminate. In addition, the Agent may exercise any and all remedies available to it under the Loan Documents or applicable law. Section 9.4.

Appears in 1 contract

Samples: Long Term Multicurrency Credit Agreement (Anicom Inc)

Bankruptcy Defaults. When any Event of Default described in subsection (ij) or (jk) of Section 8.1 9.1 has occurred and is continuing, then the Notes, including both principal and interest, and all fees, charges and other Obligations payable hereunder and under the other Loan Documents, shall immediately become due and payable without presentment, demand, protest or notice of any kind, and the obligations of the Lenders to extend further credit pursuant to any of the terms hereof shall immediately terminate. In addition, the Agent may exercise any and all remedies available to it under the Loan Documents or applicable law.the

Appears in 1 contract

Samples: Term Credit Agreement (Anicom Inc)

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Bankruptcy Defaults. When any Event of Default described in subsection (ig) or (jh) of Section 8.1 has occurred and is continuing, then the NotesNote, including both principal and interest, and all fees, charges and other Obligations payable hereunder and under the other Loan Documents, shall immediately become due and payable without presentment, demand, protest or notice of any kind, and the obligations obligation of the Lenders Xxxxxx to extend further credit pursuant to any of the terms hereof shall immediately terminate. In addition, the Agent Xxxxxx may exercise any and all remedies available to it under the Loan Documents or applicable law.

Appears in 1 contract

Samples: Credit Agreement (Community First Bankshares Inc)

Bankruptcy Defaults. When any Event of Default described in subsection (ij) or (jk) of Section 8.1 7.1 has occurred and is continuing, then the Term Notes, including both principal and interest, and all fees, charges and other Obligations payable hereunder and under the other Loan Documents, shall immediately become due and payable without presentment, demand, protest or notice of any kind, and the obligations of the Lenders to extend further credit pursuant to any of the terms hereof shall immediately terminate. In addition, the Agent may exercise any and all remedies available to it under the Loan Documents or applicable law.

Appears in 1 contract

Samples: Credit Agreement (Hub Group Inc)

Bankruptcy Defaults. When any Event of Default described in subsection (in) or (jo) of Section 8.1 9.1 has occurred and is continuing, then the Notes, including both principal and interest, and all fees, charges and other Obligations payable hereunder and under the other Loan Documents, shall immediately become due and payable without presentment, demand, protest or notice of any kind, and the obligations of the Lenders to extend further credit pursuant to any of the terms hereof shall immediately terminate. In addition, the Agent may exercise any and all remedies available to it under the Loan Documents or applicable law.

Appears in 1 contract

Samples: Credit Agreement (Rentx Industries Inc)

Bankruptcy Defaults. When any Event of Default described in subsection (im) or (jn) of Section 8.1 9.1 has occurred and is continuing, then the Notes, including both principal and interest, and all fees, charges and other Obligations payable hereunder and under the other Loan Documents, shall immediately become due and payable without presentment, demand, protest or notice of any kind, and the obligations obligation of the Lenders Bank to extend further credit pursuant to any of the terms hereof shall immediately terminate. In addition, the Agent Bank may exercise any and all remedies available to it under the Loan Documents or applicable law.

Appears in 1 contract

Samples: Credit Agreement (Midwest Banc Holdings Inc)

Bankruptcy Defaults. When any Event of Default described in subsection (ik) or (jl) of Section 8.1 9.1 has occurred and is continuing, then the Notes, including both principal and interest, and all fees, charges and other Obligations payable hereunder and under the other Loan Documents, shall immediately become due and payable without presentment, demand, protest or notice of any kind, and the obligations of the Lenders to extend further credit pursuant to any of the terms hereof shall immediately terminate. In addition, the Agent may exercise any and all remedies available to it under the Loan Documents or applicable law.

Appears in 1 contract

Samples: 6 Credit Agreement (Apac Teleservices Inc)

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