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 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, the obligation of the Banks to extend further credit pursuant to any of the terms hereof shall immediately terminate and the Borrower shall immediately pay to the Agent, subject to Section 8.4, the full amount then available for drawing under all outstanding Letters of Credit, the Borrower acknowledging that the Banks would not have an adequate remedy at law for failure by the Borrower to honor any such demand and that the Banks, and the Agent on their behalf, shall have the right to require the Borrower to specifically perform such undertaking whether or not any draws or other demands for payment have been made under any of the Letters of Credit.
Appears in 5 contracts
Sources: Credit Agreement (Transport Corporation of America Inc), Credit Agreement (Transport Corporation of America Inc), Multicurrency Credit Agreement (Lasalle Partners Inc)
Bankruptcy Defaults. When any Event of Default described in subsections (fi) or (gj) of Section 8.1 9.1 hereof has occurred and is continuing, then all outstanding Notes 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 Banks to extend further credit pursuant to any of the terms hereof shall immediately terminate and the Borrower shall immediately pay to the Agent, subject to Section 8.4, Agent the full amount then available for drawing under all outstanding Letters of Credit, the Borrower acknowledging and agreeing that the Banks would not have an adequate remedy at law for failure by the Borrower to honor any such demand and that the Banks, and the Agent on their behalf, shall have the right to require the Borrower to specifically perform such undertaking whether or not any draws or other demands for payment have been made under any of the Letters of Credit.
Appears in 5 contracts
Sources: Credit Agreement (Vision Twenty One Inc), Credit Agreement (Vision Twenty One Inc), Credit Agreement (Apac Teleservices Inc)
Bankruptcy Defaults. When any Event of Default described in subsections (fi) or (gj) of Section 8.1 9.1 hereof has occurred and is continuing, then all outstanding Notes 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 Banks Lenders to extend further credit pursuant to any of the terms hereof shall immediately terminate and the Borrower shall immediately pay to the Agent, subject to Section 8.4, Administrative Agent the full amount then available for drawing under all outstanding Letters of Credit, the Borrower acknowledging and agreeing that the Banks Lenders would not have an adequate remedy at law for failure by the Borrower to honor any such demand and that the BanksLenders, and the Administrative Agent on their behalf, shall have the right to require the Borrower to specifically perform such undertaking whether or not any draws or other demands for payment have been made under any of the Letters of Credit.
Appears in 3 contracts
Sources: Credit Agreement (FTD Inc), Credit Agreement (Ios Brands Corp), Credit Agreement (Ios Brands Corp)
Bankruptcy Defaults. When any Event of Default described in subsections (fj) or (gk) of Section 8.1 7.1 hereof has occurred and is continuing, then all outstanding Notes 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 Banks Lenders to extend further credit pursuant to any of the terms hereof shall immediately terminate and the Borrower shall immediately pay to the Agent, subject to Section 8.4, Agent the full amount then available for drawing under all outstanding Letters of Credit, the Borrower acknowledging and agreeing that the Banks Lenders would not have an adequate remedy at law for failure by the Borrower to honor any such demand and that the BanksLenders, and the Agent on their behalf, shall have the right to require the Borrower to specifically perform such undertaking whether or not any draws or other demands for payment have been made under any of the Letters of Credit.
Appears in 2 contracts
Sources: Credit Agreement (Abraxis BioScience, Inc.), Credit Agreement (American Pharmaceutical Partners Inc /De/)
Bankruptcy Defaults. When any Event of Default described in subsections (fj) or (gk) of Section 8.1 hereof has occurred and is continuing, then all outstanding Notes 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 Banks to extend further credit pursuant to any of the terms hereof shall immediately terminate and the Borrower shall immediately pay to the Agent, subject to Section 8.4, Agent the full amount then available for drawing under all outstanding Letters of Credit, the Borrower acknowledging and agreeing that the Banks would not have an adequate remedy at law for failure by the Borrower to honor any such demand and that the Banks, and the Agent on their behalf, shall have the right to require the Borrower to specifically perform such undertaking whether or not any draws or other demands for payment have been made under any of the Letters of Credit.
Appears in 2 contracts
Sources: Credit Agreement (Information Resources Inc), Credit Agreement (Information Resources Inc)
Bankruptcy Defaults. When any Event of Default described in subsections (fSection 9.1(j) or (gSection 9.1(k) of Section 8.1 hereof has occurred and is continuing, then all outstanding Notes 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 Banks Lenders to extend further credit pursuant to any of the terms hereof shall immediately terminate and the Borrower shall immediately pay to the Agent, subject to Section 8.4, Administrative Agent the full amount then available for drawing under all outstanding Letters of Credit, the Borrower acknowledging and agreeing that the Banks Lenders would not have an adequate remedy at law for failure by the Borrower to honor honour any such demand and that the BanksLenders, and the Administrative Agent on their behalf, shall have the right to require the Borrower to specifically perform such undertaking whether or not any draws or other demands for payment have been made under any of the Letters of Credit.
Appears in 1 contract
Sources: Credit Agreement
Bankruptcy Defaults. When any Event of Default described in subsections (fk) or (gl) of Section 8.1 9.1 hereof has occurred and is continuing, then all outstanding Notes 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 Banks to extend further credit pursuant to any of the terms hereof shall immediately terminate and the Borrower shall immediately pay to the Agent, subject to Section 8.4, Agent the full amount then available for drawing under all outstanding Letters of Credit, the Borrower acknowledging and agreeing that the Banks would not have an adequate remedy at law for failure by the Borrower to honor any such demand and that the Banks, and the Agent on their behalf, shall have the right to require the Borrower to specifically perform such undertaking whether or not any draws or other demands for payment have been made under any of the Letters of Credit.
Appears in 1 contract
Bankruptcy Defaults. When any Event of Default described in subsections subsection (fg) or (gh) of Section 8.1 hereof has occurred and is continuing, then all outstanding Notes shall immediately become due and payable together with all other amounts payable under the Credit Documents this Agreement without presentment, demand, protest or notice of any kind, -42- 48 the obligation of the Banks to extend further credit pursuant to any of the terms hereof shall immediately terminate terminate, and the Borrower Alle▇ ▇▇▇up shall immediately pay to the Agent, subject to Section 8.4, Agent the full amount then available for drawing under all outstanding Letters of Credit, the Borrower Alle▇ ▇▇▇up acknowledging that the Banks would not have an adequate remedy at law for failure by the Borrower Alle▇ ▇▇▇up to honor any such demand and that the Banks, and the Agent on their behalf, shall have the right to require the Borrower Alle▇ ▇▇▇up to specifically perform such undertaking whether or not any draws drawings or other demands for payment have been made under any of the Letters of Credit.
Appears in 1 contract
Sources: Credit Agreement (Allen Group Inc)
Bankruptcy Defaults. When any Event of Default described in subsections subsection (fg) or (gh) of Section 8.1 hereof has occurred and is continuing, then all outstanding Notes shall immediately become due and payable together with all other amounts payable under the Credit Documents this Agreement without presentment, demand, protest or notice of any kind, the obligation of the Banks to extend further credit pursuant to any of the terms hereof shall immediately terminate terminate, and the Borrower shall immediately pay to the Agent, subject to Section 8.4, Agent the full amount then available for drawing under all outstanding Letters of Credit, the Borrower acknowledging that the Banks would not have an adequate remedy at law for failure by the Borrower to honor any such demand and that the Banks, and the Agent on their behalf, shall have the right to require the Borrower to specifically perform such undertaking whether or not any draws drawings or other demands for payment have been made under any of the Letters of Credit.
Appears in 1 contract
Sources: Credit Agreement (Allen Group Inc)
Bankruptcy Defaults. When any Event of Default described in subsections (fj) or (gk) of Section 8.1 hereof has occurred and is continuing, then all outstanding Notes 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 Banks Lenders to extend further credit pursuant to any of the terms hereof shall immediately terminate and the Borrower shall immediately pay to the Agent, subject to Section 8.4, Administrative Agent the full amount then available for drawing under all outstanding Letters of Credit, the Borrower acknowledging and agreeing that the Banks Lenders would not have an adequate remedy at law for failure by the Borrower to honor any such demand and that the BanksLenders, and the Administrative Agent on their behalf, shall have the right to require the Borrower to specifically perform such undertaking whether or not any draws or other demands for payment have been made under any of the Letters of Credit.
Appears in 1 contract
Bankruptcy Defaults. When any Event of Default described in subsections (fk) or (gl) of Section 8.1 9.1 hereof has occurred and is continuing, then all outstanding Notes 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 Banks Lenders to extend further credit pursuant to any of the terms hereof shall immediately terminate and the Borrower Borrowers shall immediately pay to the Agent, subject to Section 8.4, Agent the full amount then available for drawing under all outstanding Letters of Credit, the Borrower Borrowers acknowledging and agreeing that the Banks Lenders would not have an adequate remedy at law for failure by the Borrower Borrowers to honor any such demand and that the BanksLenders, and the Agent on their behalf, shall have the right to require the Borrower Borrowers to specifically perform such undertaking whether or not any draws or other demands for payment have been made under any of the Letters of Credit.
Appears in 1 contract
Sources: Credit Agreement (Synalloy Corp)
Bankruptcy Defaults. When any Event of Default described in subsections (fi) or (gj) of Section 8.1 9.1 hereof has occurred and is continuing, then all outstanding Notes 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 Banks to extend further credit pursuant to any of the terms hereof shall immediately terminate terminate, and the Borrower shall immediately pay to the Agent, subject to Section 8.4, Agent the full amount then available for drawing under all outstanding Letters of Credit, the Borrower acknowledging and agreeing that the Banks would not have an adequate remedy at law for failure by the Borrower to honor any such demand and that the Banks, and the Agent on their behalf, shall have the right to require the Borrower to specifically perform such undertaking whether or not any draws or other demands for payment have been made under any of the Letters of Credit.
Appears in 1 contract
Bankruptcy Defaults. When any Event of Default described in subsections (f) or (g) of Section 8.1 10.1 hereof has occurred and is continuing, then all outstanding 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, the obligation of the Banks to extend further credit pursuant to any of the terms hereof shall immediately terminate and the Borrower shall immediately pay to the Agent, subject to Section 8.410.4, the full amount then available for drawing under all outstanding Letters of Credit, the Borrower acknowledging that the Banks would not have an adequate remedy at law for failure by the Borrower to honor any such demand and that the Banks, and the Agent on their behalf, shall have the right to require the Borrower to specifically perform such undertaking whether or not any draws or other demands for payment have been made under any of the Letters of Credit.
Appears in 1 contract
Bankruptcy Defaults. When any Event of Default described in subsections (fj) or (gk) of Section 8.1 hereof has occurred and is continuing, then all outstanding Notes 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 Banks Lenders to extend further credit pursuant to any of the terms hereof shall immediately terminate and the Borrower shall immediately pay to the Agent, subject to Section 8.4, Administrative Agent the full amount then available for drawing under all outstanding Letters of Credit, the Borrower acknowledging and agreeing that the Banks Lenders would not have an adequate remedy at law for failure by the Borrower to honor any such demand and that the BanksLenders, and the Administrative Agent on their behalf, shall have the right to require the Borrower to specifically perform such undertaking whether or not any draws or other demands for payment have been made under any of the Letters of Credit.
Appears in 1 contract
Sources: Credit Agreement (Maf Bancorp Inc)
Bankruptcy Defaults. □When any Event of Default described in subsections (fSection 9.1(j) or (gSection 9.1(k) of Section 8.1 hereof has occurred and is continuing, then all outstanding Notes 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 Banks Lenders to extend further credit pursuant to any of the terms hereof shall immediately terminate and the Borrower shall immediately pay to the Agent, subject to Section 8.4, Administrative Agent the full amount then available for drawing under all outstanding Letters of Credit, the Borrower acknowledging and agreeing that the Banks Lenders would not have an adequate remedy at law for failure by the Borrower to honor honour any such demand and that the BanksLenders, and the Administrative Agent on their behalf, shall have the right to require the Borrower to specifically perform such undertaking whether or not any draws or other demands for payment have been made under any of the Letters of Credit.
Appears in 1 contract
Sources: Credit Agreement
Bankruptcy Defaults. When any Event of Default described in subsections (fi) or (gj) of Section 8.1 9.1 hereof has occurred and is continuing, then all outstanding Notes 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 Banks Lenders to extend further credit pursuant to any of the terms hereof shall immediately terminate and the Borrower shall immediately pay to the Agent, subject to Section 8.4, Agent the full amount then available for drawing under all outstanding Letters of Credit, the Borrower acknowledging and agreeing that the Banks Lenders would not have an adequate remedy at law for failure by the Borrower to honor any such demand and that the BanksLenders, and the Agent on their behalf, shall have the right to require the Borrower to specifically perform such undertaking whether or not any draws or other demands for payment have been made under any of the Letters of Credit.
Appears in 1 contract
Bankruptcy Defaults. When any Event of Default described in subsections (fi) or (gj) of Section 8.1 10.1 hereof has occurred and is continuing, then all outstanding Notes 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 Banks to extend further credit pursuant to any of the terms hereof shall immediately terminate and the Borrower Borrowers shall immediately pay to the Agent, subject to Section 8.410.4, the full amount then available for drawing under all outstanding Letters of Credit, the Borrower Borrowers acknowledging that the Banks would not have an adequate remedy at law for failure by the Borrower Borrowers to honor any such demand and that the Banks, and the Agent on their behalf, shall have the right to require the Borrower Borrowers to specifically perform such undertaking whether or not any draws or other demands for payment have been made under any of the Letters of Credit.
Appears in 1 contract
Bankruptcy Defaults. When any Event of Default described in subsections (fe) or (gf) of Section 8.1 hereof has occurred and is continuing, then all outstanding 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, the obligation of the Banks to extend further credit pursuant to any of the terms hereof shall immediately terminate and the Borrower shall immediately pay to the Agent, subject to Section 8.4, the full amount then available for drawing under all outstanding Letters of Credit, the Borrower acknowledging that the Banks would not have an adequate remedy at law for failure by the Borrower to honor any such demand and that the Banks, and the Agent on their behalf, shall have the right to require the Borrower to specifically perform such undertaking whether or not any draws or other demands for payment have been made under any of the Letters of Credit.
Appears in 1 contract
Bankruptcy Defaults. When any Event of Default described in subsections (fk) or (gl) of Section 8.1 10.1 hereof has occurred and is continuing, then all outstanding Notes 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 Banks to extend further credit pursuant to any of the terms hereof shall immediately terminate and the Borrower shall immediately pay to the Agent, subject to Section 8.410.4, the full amount then available for drawing under all outstanding Letters of Credit, the Borrower acknowledging that the Banks would not have an adequate remedy at law for failure by the Borrower to honor any such demand and that the Banks, and the Agent on their behalf, shall have the right to require the Borrower to specifically perform such undertaking whether or not any draws or other demands for payment have been made under any of the Letters of Credit.
Appears in 1 contract