Common use of Bankruptcy Defaults Clause in Contracts

Bankruptcy Defaults. When any Event of Default described in subsections (f) or (g) of Section 8.1 hereof has occurred and is continuing, then all outstanding Loans, including both interest and principal thereon, and all other Obligations shall immediately become due and payable together with all other amounts payable under the Credit Documents without presentment, demand, protest or notice of any kind, the obligation of the Lenders to extend further credit pursuant to any of the terms hereof shall immediately terminate.

Appears in 26 contracts

Samples: Assignment and Assumption (Northern Illinois Gas Co /Il/ /New/), Assignment and Assumption (Nicor Inc), Assignment and Assumption (Nicor Inc)

AutoNDA by SimpleDocs

Bankruptcy Defaults. When any Event of Default described in subsections (f) or (g) of Section 8.1 hereof has occurred and is continuing, then all outstanding Loans, including both interest and principal thereon, and all other Obligations Notes shall immediately become due and payable together with all other amounts payable under the Credit Documents without presentment, demand, protest or notice of any kind, kind and the obligation of the Lenders Banks to extend further credit pursuant to any of the terms hereof shall immediately terminate.

Appears in 7 contracts

Samples: Credit Agreement (North Shore Gas Co /Il/), Credit Agreement (Peoples Energy Corp), Credit Agreement (Peoples Energy Corp)

Bankruptcy Defaults. When any Event of Default described in subsections (f) or (g) of Section 8.1 hereof has occurred and is continuing, then all outstanding LoansNotes, including both interest and principal thereon, and all other Obligations shall immediately become due and payable together with all other amounts payable under the Credit Documents without presentment, demand, protest or notice of any kind, the obligation of the Lenders to extend further credit pursuant to any of the terms hereof shall immediately terminate.

Appears in 5 contracts

Samples: Credit Agreement (Black Hills Corp /Sd/), Credit Agreement (Black Hills Corp /Sd/), Term Loan Credit Agreement (Black Hills Corp /Sd/)

Bankruptcy Defaults. When any Event of Default described in subsections (f) or (g) of Section 8.1 hereof 7.1 has occurred and is continuing, then all outstanding Loans, including both interest and principal thereon, and all other Obligations Loans shall immediately become due and payable together with all other amounts payable under the Credit Documents without presentment, demand, protest or notice of any kind, the obligation and all obligations of the Lenders to extend further credit pursuant to any of the terms hereof shall immediately terminate.

Appears in 4 contracts

Samples: Credit Agreement (Aptargroup Inc), Assignment and Assumption (Aptargroup Inc), Credit Agreement (Aptargroup Inc)

Bankruptcy Defaults. When any Event of Default described in subsections (f) or (g) of Section 8.1 hereof has occurred and is continuing, then all outstanding Loans, including both interest and principal thereon, and all other Obligations shall immediately become due and payable together with all other amounts payable under the Credit Documents without presentment, demand, protest or notice of any kind, the obligation of the Lenders to extend further credit pursuant to any of the terms hereof shall immediately terminate.

Appears in 4 contracts

Samples: Term Loan Credit Agreement (Black Hills Corp /Sd/), Credit Agreement (Black Hills Corp /Sd/), Credit Agreement (Black Hills Corp /Sd/)

Bankruptcy Defaults. When any Event of Default described in subsections Sections (fp), (q) or (gr) of Section 8.1 9.1 hereof with respect to the Borrower has occurred and is continuing, then all outstanding Loans, including both interest for principal and principal thereoninterest, and all other Obligations shall immediately become due and payable together with all other amounts payable under this Agreement and the Credit other Loan Documents without presentment, demand, protest or notice of any kind, and the obligation of the Lenders to extend further credit pursuant to any of the terms hereof shall immediately terminate.

Appears in 3 contracts

Samples: Revolving Credit Agreement (World Acceptance Corp), Revolving Credit Agreement (World Acceptance Corp), Revolving Credit Agreement (World Acceptance Corp)

Bankruptcy Defaults. When any Event of Default described in subsections (f) or (g) of Section 8.1 hereof has occurred and is continuing, then all outstanding Loans, including both interest and principal thereon, and all other Obligations the Note shall immediately become due and payable together with all other amounts payable under the Credit Documents without presentment, demand, protest or notice of any kind, kind and the obligation of the Lenders Lender to extend further credit pursuant to any of the terms hereof shall immediately terminate.

Appears in 3 contracts

Samples: Seasonal Credit Agreement (Peoples Energy Corp), Seasonal Credit Agreement (Peoples Energy Corp), Seasonal Credit Agreement (Peoples Energy Corp)

Bankruptcy Defaults. When any Event of Default described in subsections subsection (fe) or (gf) of Section 8.1 hereof has occurred and is continuing, then all outstanding Loansthe Note, including both interest principal and principal thereoninterest, and all other Obligations payable under the Loan Documents, shall immediately become due and payable together with all other amounts payable under the Credit Documents without presentment, demand, protest or notice of any kind, and the obligation of the Lenders Bank to extend further credit pursuant to any of the terms hereof shall immediately terminate. In addition, the Bank may exercise any and all remedies available to it under the Loan Documents or applicable law.

Appears in 3 contracts

Samples: Credit Agreement (Great Western Bancorp, Inc.), Credit Agreement (Great Western Bancorp, Inc.), Credit Agreement (Bancfirst Corp /Ok/)

Bankruptcy Defaults. When any Event of Default described in subsections (e), (f) or (g) of Section 8.1 hereof has occurred and is continuing, then all outstanding Loans, including both interest and principal thereon, and all other Obligations Notes shall immediately and automatically become due and payable together with all other amounts payable under the Credit Documents without presentment, demand, protest or notice of any kind, kind and the obligation of the Lenders Banks to extend further credit pursuant to any of the terms hereof shall immediately and automatically terminate.

Appears in 3 contracts

Samples: Credit Agreement (NRG Energy Inc), Credit Agreement (NRG Energy Inc), Credit Agreement (NRG Energy Inc)

Bankruptcy Defaults. When any Event of Default described in subsections (f) or (g) of Section 8.1 hereof 7.1 has occurred and is continuingcontinuing with respect to the Borrower, then all outstanding Loans, including both interest and principal thereon, and all other Obligations Term Loans shall immediately become due and payable together with all other accrued amounts payable under the Credit Documents without presentment, demand, protest or notice of any kind, each of which is expressly waived by the obligation Borrower; and all obligations of the Lenders to extend further credit pursuant to any of the terms hereof shall immediately terminate.

Appears in 2 contracts

Samples: Term Credit Agreement (Transocean Inc), Term Credit Agreement (Transocean Inc)

Bankruptcy Defaults. When any Event of Default described in subsections Sections (fp), (q) or (gr) of Section 8.1 9.1 hereof with respect to the Borrower has occurred and is continuing, then all outstanding Loans, including both interest for principal and principal thereoninterest, and all other Obligations shall immediately become due and payable together with all other amounts payable under this Agreement and the Credit other Loan Documents without presentment, demand, protest or notice of any kind, and the obligation of the Lenders to extend further credit pursuant to any of the terms hereof shall immediately terminate.. Section 9.5

Appears in 2 contracts

Samples: World Acceptance Corp, World Acceptance Corp

Bankruptcy Defaults. When any Event of Default described in subsections (f) or (g) of Section 8.1 hereof has occurred and is continuing, then all outstanding LoansNotes, including both interest and principal thereon, and all other Obligations shall immediately become due and payable together with all other amounts payable under the Credit Documents without presentment, demand, protest or notice of any kind, kind and the obligation of the Lenders Banks to extend further credit pursuant to any of the terms hereof shall immediately terminate.

Appears in 2 contracts

Samples: Credit Agreement (Black Hills Corp /Sd/), Credit Agreement (Black Hills Corp /Sd/)

Bankruptcy Defaults. When any Event of Default described in subsections (f) or (g) of Section 8.1 hereof has occurred and is continuing, then all outstanding LoansNotes, including both interest and principal thereon, and all other Obligations shall immediately become due and payable together with all other amounts payable under the Credit Documents without presentment, demand, protest or notice of any kind, the obligation of the Lenders Banks to extend further credit pursuant to any of the terms hereof shall immediately terminate.

Appears in 2 contracts

Samples: Assignment and Assumption (Black Hills Corp /Sd/), Day Credit Agreement (Black Hills Corp /Sd/)

Bankruptcy Defaults. When any Event of Default described in subsections (f) or (g) of Section 8.1 hereof 7.1 has occurred and is continuingcontinuing with respect to the Borrower, then all outstanding Loans, including both interest and principal thereon, and all other Obligations Revolving Loans shall immediately become due and payable together with all other accrued amounts payable under the Credit Documents without presentment, demand, protest or notice of any kind, each of which is expressly waived by the obligation Borrower; and all obligations of the Lenders to extend further credit pursuant to any of the terms hereof shall immediately terminate.

Appears in 2 contracts

Samples: Credit Agreement (Transocean Partners LLC), Credit Agreement (Transocean Partners LLC)

Bankruptcy Defaults. When any Event of Default described in subsections (f) or (g) of Section 8.1 hereof has occurred and is continuing, then all outstanding Loans, including both interest and principal thereon, and all other Obligations Loans shall immediately become due and payable together with all other amounts payable under the Credit Documents without presentment, demand, protest or notice of any kind, the obligation of the Lenders Banks to extend further credit pursuant to any of the terms hereof shall immediately terminate.

Appears in 2 contracts

Samples: Term Loan Agreement (Jones Lang Lasalle Inc), Credit Agreement (Jones Lang Lasalle Inc)

Bankruptcy Defaults. When any Event of Default described in subsections (fi) (other than clause (ii) thereof) or (gj) of Section 8.1 hereof 6.1 has occurred and is continuing, then all outstanding Loans, including both interest and principal thereon, and all other Obligations Loans shall immediately become due and payable together with all other amounts payable under the Credit Loan Documents without presentment, demand, protest or notice of any kind, the obligation of the Lenders to extend further credit pursuant to any of the terms hereof shall immediately terminate.

Appears in 1 contract

Samples: Loan Agreement (Hewitt Associates Inc)

AutoNDA by SimpleDocs

Bankruptcy Defaults. When any Event of Default described in subsections (f) or (g) of Section 8.1 hereof 7.1 has occurred and is continuingcontinuing with respect to any Credit Party, then all outstanding Loans, including both interest and principal thereon, and all other Obligations Loans shall immediately become due and payable together with all other accrued amounts payable under the Credit Documents without presentment, demand, protest or notice of any kind, each of which is expressly waived by the obligation Borrowers; and all obligations of the Lenders and the Swingline Lender to extend further credit pursuant to any of the terms hereof shall immediately terminate.

Appears in 1 contract

Samples: 364 Day Revolving Credit Agreement (Noble Corp)

Bankruptcy Defaults. When any Event of Default described in subsections (f) or (g) of Section 8.1 hereof 7.1 has occurred and is continuingcontinuing with respect to the Borrower, Holdings or any other Loan Party, then all outstanding Loans, including both interest and principal thereon, and all other Obligations Loans shall immediately become due and payable together with all other accrued amounts payable under the Credit Documents without presentment, demand, protest or notice of any kind, each of which is expressly waived by the obligation Borrower; and all obligations of the Lenders to extend further credit pursuant to any of the terms hereof shall immediately terminate.

Appears in 1 contract

Samples: Credit Agreement (Transocean Ltd.)

Bankruptcy Defaults. When any Event of Default described in ------------------- subsections (f) or (g) of Section 8.1 hereof 7.1 has occurred and is continuing, then all outstanding Loans, including both interest and principal thereon, and all other Obligations Loans shall immediately become due and payable together with all other amounts payable under the Credit Documents without presentment, demand, protest or notice of any kind, the obligation and all obligations of the Lenders to extend further credit pursuant to any of the terms hereof shall immediately terminate.

Appears in 1 contract

Samples: Acceptance Agreement (Aptargroup Inc)

Bankruptcy Defaults. When any Event of Default described in subsections (f) or (g) of Section 8.1 hereof 7.1 has occurred and is continuingcontinuing with respect to the Borrower, then all outstanding Loans, including both interest and principal thereon, and all other Obligations Loans shall immediately become due and payable together with all other accrued amounts payable under the Credit Documents without presentment, demand, protest or notice of any kind, each of which is expressly waived by the obligation Borrower; and all obligations of the Lenders to extend further credit pursuant to any of the terms hereof shall immediately terminate.

Appears in 1 contract

Samples: Day Revolving Credit Agreement (Transocean Inc)

Bankruptcy Defaults. When any Event of Default described in subsections Sections (fp), (q) or (gr) of Section 8.1 9.1 hereof with respect to the Borrower has occurred and is continuing, then all outstanding Loans, including both interest for principal and principal thereoninterest, and all other Obligations shall immediately become due and payable together with all other amounts payable under this Agreement and the Credit other Loan Documents without presentment, demand, protest or notice of any kind, and the obligation of the Lenders to extend further credit pursuant to any of the terms hereof shall immediately terminate.. 60

Appears in 1 contract

Samples: Revolving Credit Agreement (World Acceptance Corp)

Bankruptcy Defaults. When any Event of Default described in subsections (f) or (g) of Section 8.1 hereof has occurred and is continuing, then all Commitments and all other obligations of the Banks hereunder shall immediately be terminated and all outstanding Loans, including both interest and principal thereon, and all other Obligations shall immediately become due and payable together with all other amounts payable under the Credit Documents without presentment, demand, protest or notice of any kind, the obligation of the Lenders to extend further credit pursuant to any of the terms hereof shall immediately terminate.

Appears in 1 contract

Samples: Credit Agreement (Black Hills Corp /Sd/)

Bankruptcy Defaults. When any Event of Default described in subsections (f) or (g) of Section 8.1 hereof 7.1 has occurred and is continuingcontinuing with respect to the Borrower or Holdings, then all outstanding Loans, including both interest and principal thereon, and all other Obligations Term Loans shall immediately become due and payable together with all other accrued amounts payable under the Credit Documents without presentment, demand, protest or notice of any kind, each of which is expressly waived by the obligation Borrower; and all obligations of the Lenders to extend further credit pursuant to any of the terms hereof shall immediately terminate.

Appears in 1 contract

Samples: Term Credit Agreement (Transocean Inc)

Bankruptcy Defaults. When any Event of Default described in subsections (f) or (g) of Section 8.1 hereof 7.1 has occurred and is continuingcontinuing with respect to the Borrower or Holdings, then all outstanding Loans, including both interest and principal thereon, and all other Obligations Loans shall immediately become due and payable together with all other accrued amounts payable under the Credit Documents without presentment, demand, protest or notice of any kind, each of which is expressly waived by the obligation Borrower; and all obligations of the Lenders to extend further credit pursuant to any of the terms hereof shall immediately terminate.

Appears in 1 contract

Samples: 364 Day Revolving Credit Agreement (Transocean Inc)

Bankruptcy Defaults. When any Event of Default described in ------------------- subsections (f) or (g) of Section 8.1 hereof 7.1 has occurred and is continuingcontinuing with respect to the Borrower, then all outstanding Loans, including both interest and principal thereon, and all other Obligations Loans shall immediately become due and payable together with all other accrued amounts payable under the Credit Documents without presentment, demand, protest or notice of any kind, each of which is expressly waived by the obligation Borrower; and all obligations of the Lenders to extend further credit pursuant to any of the terms hereof shall immediately terminate.

Appears in 1 contract

Samples: Credit Agreement (Transocean Sedco Forex Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.