Common use of Bankruptcy Defaults Clause in Contracts

Bankruptcy Defaults. When any Event of Default described in subsections (j) or (k) of Section 9.1 hereof has occurred and is continuing, then all outstanding Revolving Loans shall immediately become due and payable together with all other amounts payable under the 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 and the Borrower shall immediately pay to the Administrative Agent the full amount then available for drawing under all outstanding Letters of Credit.

Appears in 6 contracts

Samples: Credit Agreement (Consolidated Tomoka Land Co), Credit Agreement (Consolidated Tomoka Land Co), Credit Agreement (Alpine Income Property Trust, Inc.)

AutoNDA by SimpleDocs

Bankruptcy Defaults. When any Event of Default described in subsections (j) or (k) of Section 9.1 hereof with respect to the Borrower has occurred and is continuing, then all outstanding Revolving Loans shall immediately become due and payable together with all other amounts payable under the 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 and the Borrower shall immediately pay to the Administrative Agent the full amount then available for drawing under all outstanding Letters of Creditterminate.

Appears in 5 contracts

Samples: Credit Agreement (BGC Partners, Inc.), Credit Agreement (KCG Holdings, Inc.), Credit Agreement (StoneX Group Inc.)

Bankruptcy Defaults. When any Event of Default described in subsections (ji) or (kj) of Section 9.1 hereof has occurred and is continuing, then all outstanding Revolving Loans Notes shall immediately become due and payable together with all other amounts payable under the Loan Documents this Agreement without presentment, demand, protest or notice of any kind, and the obligation of the Lenders Banks to extend further credit pursuant to any of the terms hereof shall immediately terminate and the Borrower shall immediately pay to the Administrative Agent the full amount then available for drawing under all outstanding Letters of Creditterminate.

Appears in 3 contracts

Samples: Credit Agreement (Maytag Corp), Maytag Corp, Maytag Corp

Bankruptcy Defaults. When any Event of Default described in subsections (j) or (k) of Section 9.1 hereof has occurred and is continuing, then all outstanding Revolving Loans shall immediately become due and payable together with all other amounts payable under the 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 and the Borrower shall immediately pay to the Administrative Agent the full amount then available for drawing under all outstanding Letters of Credit.

Appears in 3 contracts

Samples: Credit Agreement (Alpine Income Property Trust, Inc.), Credit Agreement (Alpine Income Property Trust, Inc.), Credit Agreement (Alpine Income Property Trust, Inc.)

Bankruptcy Defaults. When any Event of Default described in subsections (j) or (k) of Section 9.1 7.01 hereof (i) has occurred and is continuingcontinuing at any time on or prior to the Closing Date, then the Commitment of each Lender shall immediately and automatically terminate and (ii) has occurred and is continuing at any time after the Closing Date, all outstanding Revolving Loans shall immediately and automatically become due and payable together with all other amounts payable under the Loan Documents without presentment, demand, protest or notice of any kind, kind which are hereby waived by the obligation of the Lenders to extend further credit pursuant to any of the terms hereof shall immediately terminate and the Borrower shall immediately pay to the Administrative Agent the full amount then available for drawing under all outstanding Letters of CreditBorrower.

Appears in 3 contracts

Samples: Amendment Agreement (Cliffs Natural Resources Inc.), Assignment and Assumption (Cliffs Natural Resources Inc.), Assignment and Assumption (Cliffs Natural Resources Inc.)

Bankruptcy Defaults. When any Event of Default described in subsections (j) or (k) of Section 9.1 hereof with respect to the Borrower has occurred and is continuing, then all outstanding Revolving Loans shall immediately become due and payable together with all other amounts payable under the Loan Documents without presentment, demand, protest or notice of any kind, kind and the obligation of the Lenders to extend further credit pursuant to any of the terms hereof shall immediately terminate and the Borrower shall immediately pay to the Administrative Agent the full amount then available for drawing under all outstanding Letters of Creditterminate.

Appears in 2 contracts

Samples: Credit Agreement (International Assets Holding Corp), Credit Agreement (Intl Fcstone Inc.)

Bankruptcy Defaults. When any Event of Default described in subsections (j) or (k) of Section 9.1 6.01 hereof has occurred and is continuing, then all outstanding Revolving Loans shall immediately and automatically become due and payable together with all other amounts payable under the Loan Documents without presentment, demand, protest or notice of any kindkind which are hereby waived by the Borrower, the obligation of the Lenders to extend further credit pursuant to any of the terms hereof shall immediately terminate and automatically terminate, and the Borrower Commitments shall immediately pay to the Administrative Agent the full amount then available for drawing under all outstanding Letters of Creditand automatically terminate.

Appears in 2 contracts

Samples: Credit Agreement (LyondellBasell Industries N.V.), Credit Agreement (LyondellBasell Industries N.V.)

Bankruptcy Defaults. When any Event of Default described in subsections (j) or (k) of Section 9.1 hereof has occurred and is continuing, then all outstanding Revolving Loans shall immediately become due and payable together with all other amounts payable under the Loan Documents without presentment, demand, protest or notice of any kind, the kind and any obligation of the Lenders to extend further credit pursuant to any of the terms hereof unfunded Incremental Term Loan shall immediately terminate and the Borrower shall immediately pay to the Administrative Agent the full amount then available for drawing under all outstanding Letters of Creditterminate.

Appears in 2 contracts

Samples: Credit Agreement (Alpine Income Property Trust, Inc.), Credit Agreement (Alpine Income Property Trust, Inc.)

Bankruptcy Defaults. When any Event of Default described in subsections (ji) or (kj) of Section 9.1 8.1 hereof has occurred and is continuing, then all outstanding Revolving Loans shall immediately become due and payable together with all other amounts payable under the 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 and the Borrower shall immediately pay to the Administrative Agent the full amount then available for drawing under all outstanding Letters of Creditterminate.

Appears in 2 contracts

Samples: Day Credit Agreement (Hewitt Associates Inc), Day Credit Agreement (Hewitt Associates Inc)

Bankruptcy Defaults. When any Event of Default described in subsections (ji) or (kj) of Section 9.1 8.1 hereof has occurred and is continuing, then all outstanding Revolving Loans shall immediately become due and payable together with all other amounts payable under the 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 and the Borrower shall immediately pay to the Administrative Agent Agent, subject to Section 8.4, the full amount then available for drawing under all outstanding Letters of Credit.

Appears in 2 contracts

Samples: Credit Agreement (Hewitt Associates Inc), Credit Agreement (Hewitt Associates Inc)

Bankruptcy Defaults. When any Event of Default described in subsections subsection (j) or (k) of Section 9.1 7.1 hereof has occurred and is continuing, then all outstanding Revolving Loans shall immediately become due and payable together with all other amounts payable under the Loan Documents without presentment, demand, protest or notice of any kind, the obligation Term Loan Commitments and any and all other obligations of the Lenders to extend further credit pursuant to any of the terms hereof shall immediately terminate and the Borrower shall immediately pay to the Administrative Agent the full amount then available for drawing under all outstanding Letters of Creditterminate.

Appears in 2 contracts

Samples: Loan Agreement (Western Digital Corp), Loan Agreement (Western Digital Corp)

Bankruptcy Defaults. When any Event of Default described in subsections (j) or (k) of Section 9.1 hereof has occurred and is continuing, then all outstanding Revolving Loans shall immediately become due and payable together with all other amounts payable under the 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 and the Borrower shall immediately pay to the Administrative Agent the full amount then available for drawing under all outstanding Letters of Creditterminate.

Appears in 2 contracts

Samples: Credit Agreement (Excelligence Learning Corp), Term Loan Credit Agreement (Penford Corp)

Bankruptcy Defaults. When any Event of Default described in subsections (j) or (k) of Section 9.1 hereof has occurred and is continuing, then all outstanding Revolving Loans shall immediately become due and payable together with all other amounts payable under the 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 ​ and the Borrower shall immediately pay to the Administrative Agent the full amount then available for drawing under all outstanding Letters of Credit.

Appears in 1 contract

Samples: Credit Agreement (Alpine Income Property Trust, Inc.)

Bankruptcy Defaults. When any Event of Default described in subsections (j) or (k) of Section 9.1 7.1 hereof has occurred and is continuing, then all outstanding Revolving Loans shall immediately and automatically become due and payable together with all other amounts payable under the Loan Documents without presentment, demand, protest or notice of any kindkind which are hereby waived by the Borrower, the obligation of the Lenders to extend further credit pursuant to any of the terms hereof shall immediately terminate and automatically terminate, and the Borrower Commitments shall immediately pay to the Administrative Agent the full amount then available for drawing under all outstanding Letters of Creditand automatically terminate.

Appears in 1 contract

Samples: Term Loan Agreement (Cliffs Natural Resources Inc.)

AutoNDA by SimpleDocs

Bankruptcy Defaults. Section 9.3.Bankruptcy Defaults" \l 2 . When any Event of Default described in subsections (j) or (k) of Section 9.1 hereof has occurred and is continuing, then all outstanding Revolving Loans shall immediately become due and payable together with all other amounts payable under the 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 and the Borrower shall immediately pay to the Administrative Agent the full amount then available for drawing under all outstanding Letters of Credit.

Appears in 1 contract

Samples: Credit Agreement (Alpine Income Property Trust, Inc.)

Bankruptcy Defaults. When any Event of Default described in subsections (j) or (k) of Section 9.1 hereof with respect to a Borrower has occurred and is continuing, then all outstanding Revolving Loans shall immediately become due and payable together with all other amounts payable under the 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 and the Borrower shall immediately pay to the Administrative Agent the full amount then available for drawing under all outstanding Letters of Creditterminate.

Appears in 1 contract

Samples: Credit Agreement (KCG Holdings, Inc.)

Bankruptcy Defaults. When any Event of Default described in subsections (j) or (k) of Section 9.1 hereof has occurred and is continuing, then all outstanding Revolving Loans shall immediately become due and payable together with all other amounts payable under the 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 and the Borrower shall immediately pay to the Administrative Agent the full amount then available for drawing under all outstanding Letters of Credit.

Appears in 1 contract

Samples: Credit Agreement (CTO Realty Growth, Inc.)

Bankruptcy Defaults. Section 9.3. Bankruptcy Defaults" \l 2 . When any Event of Default described in subsections (j) or (k) of Section 9.1 hereof has occurred and is continuing, then all outstanding Revolving Loans shall immediately become due and payable together with all other amounts payable under the 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 and the Borrower shall immediately pay to the Administrative Agent the full amount then available for drawing under all outstanding Letters of Credit.

Appears in 1 contract

Samples: Credit Agreement (Alpine Income Property Trust, Inc.)

Bankruptcy Defaults. When any Event of Default described in subsections (j) or (k) of Section 9.1 hereof has occurred and is continuing, then all outstanding Revolving Loans shall immediately become due and payable together with all other amounts payable under the 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 and the Borrower shall immediately pay to the Administrative Agent the full amount then available for drawing under all outstanding Letters of Creditterminate.

Appears in 1 contract

Samples: Credit Agreement (Trade Street Residential, Inc.)

Bankruptcy Defaults. When any Event of Default described in subsections (jSection 8.1(j) or (k) of Section 9.1 hereof with respect to Borrower has occurred and is continuing, then all outstanding Revolving Loans shall immediately become due and payable together with all other amounts payable under the Loan Documents shall immediately become due and payable without presentment, demand, protest or notice of any kind, the obligation of the Lenders Bank to extend further credit pursuant to any of the terms hereof shall immediately terminate and the Borrower shall immediately pay to the Administrative Agent the full amount then available for drawing under all outstanding Letters of Creditimmediately.

Appears in 1 contract

Samples: Credit Agreement (Air T Inc)

Bankruptcy Defaults. When any Event of Default described in subsections (j) or (k) of Section 9.1 7.1 hereof has occurred and is continuing, then all outstanding Revolving Loans shall immediately become due and payable together with all other amounts payable under the Loan Documents without presentment, demand, protest or notice of any kind, the obligation kind and all obligations of the Lenders to extend further credit pursuant to any of the terms hereof hereunder shall immediately terminate and the Borrower shall immediately pay to the Administrative Agent the full amount then available for drawing under all outstanding Letters of Creditbe terminated.

Appears in 1 contract

Samples: Bridge Loan Agreement (Western Digital Corp)

Bankruptcy Defaults. When any Event of Default described in subsections (jh) or (ki) of Section 9.1 7.1 hereof with respect has occurred and is continuing, then all outstanding Revolving Loans shall immediately become due and payable together with all other amounts payable under the 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 and the Borrower shall immediately pay to the Administrative Agent the full amount then available for drawing under all outstanding Letters of Creditterminate.

Appears in 1 contract

Samples: Loan Agreement (Viola Vincent J)

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