Common use of Bankruptcy Defaults Clause in Contracts

Bankruptcy Defaults. When any Event of Default described in subsections (f) or (g) of Section 7.1 has occurred and is continuing with respect to any Credit Party, then all outstanding 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 Borrowers; and all obligations of the Lenders, the Swingline Lender and the Issuing Banks to extend further credit pursuant to any of the terms hereof shall immediately terminate and the Company shall immediately pay to the Administrative Agent (to be held by the Administrative Agent pursuant to Section 7.4) the full amount then available for drawing under all outstanding Letters of Credit, each Borrower acknowledging that the Lenders, the Issuing Banks, the Swingline Lender and the Administrative Agent would not have an adequate remedy at law for failure by the Borrowers to honor any such demand and that the Lenders, the Issuing Banks, the Swingline Lender and the Administrative Agent shall have the right to require the Borrowers to specifically perform such undertaking whether or not any drawings or other demands for payment have been made under any of the Letters of Credit.

Bankruptcy Defaults. When any Event of Default described ------------------- in subsections (f) or (g) of Section 7.1 has occurred and is continuing with respect to any Credit Partythe Borrower, then all outstanding 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 BorrowersBorrower; and all obligations of the Lenders, the Swingline Lender Lenders and the Issuing Banks Bank to extend further credit pursuant to any of the terms hereof shall immediately terminate and the Company Borrower shall immediately pay to the Administrative Agent (to be held by the Administrative Agent pursuant to Section 7.4) the full amount then available for drawing under all outstanding Letters of Credit, each the Borrower acknowledging that the Lenders, the Issuing BanksBank, the Swingline Lender and the Administrative Agent would not have an adequate remedy at law for failure by the Borrowers Borrower to honor any such demand and that the Lenders, the Issuing BanksBank, the Swingline Lender and the Administrative Agent shall have the right to require the Borrowers Borrower to specifically perform such undertaking whether or not any drawings or other demands for payment have been made under any of the Letters of Credit.

Bankruptcy Defaults. When any Event of Default described in ------------------- subsections (f) or (g) of Section 7.1 has occurred and is continuing with respect to any Credit Partythe Borrower, then all outstanding 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 BorrowersBorrower; and all obligations of the Lenders, the Swingline Lender Lenders and the Issuing Banks Bank to extend further credit pursuant to any of the terms hereof shall immediately terminate and the Company Borrower shall immediately pay to the Administrative Agent (to be held by the Administrative Agent pursuant to Section 7.4) the full amount then available for drawing under all outstanding Letters of Credit, each the Borrower acknowledging that the Lenders, the Issuing BanksBank, the Swingline Lender and the Administrative Agent would not have an adequate remedy at law for failure by the Borrowers Borrower to honor any such demand and that the Lenders, the Issuing BanksBank, the Swingline Lender and the Administrative Agent shall have the right to require the Borrowers Borrower to specifically perform such undertaking whether or not any drawings or other demands for payment have been made under any of the Letters of Credit.

Bankruptcy Defaults. When any Event of Default described in subsections (fSection 8.1(f) or (g) of Section 7.1 has occurred and is continuing with respect to any Credit PartyBorrower or Material Guarantor, then all outstanding 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 Borrowers; and all obligations of the Lenders, the Swingline Lender and the Issuing Banks to extend further credit pursuant to any of the terms hereof shall immediately terminate and the Company Parent Borrower shall immediately pay to the Administrative Agent (to be held by the Administrative Agent pursuant to Section 7.48.4) the full amount then available for drawing under all each outstanding Letters Letter of Credit, each Borrower acknowledging that the Lenders, the Issuing Banks, the Swingline Lender and the Administrative Agent would not have an adequate remedy at law for failure by the Borrowers to honor any such demand and that the Lenders, the Issuing Banks, the Swingline Lender and the Administrative Agent shall have the right to require the Borrowers to specifically perform such undertaking whether or not any drawings or other demands for payment have been made under any of the Letters of Credit.

Bankruptcy Defaults. When any Event of Default described in subsections (fSection 8.1(f) or (g) of Section 7.1 has occurred and is continuing with respect to any Credit Partythe Borrower or a Guarantor, then all outstanding 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 BorrowersBorrower; and all obligations of the Lenders, the Swingline Lender and the Issuing Banks to extend further credit pursuant to any of the terms hereof shall immediately terminate and the Company Borrower shall immediately pay to the Administrative Agent (to be held by the Administrative Agent pursuant to Section 7.48.4) the full amount then available for drawing under all each outstanding Letters Letter of Credit, each the Borrower acknowledging that the Lenders, the Issuing Banks, the Swingline Lender and the Administrative Agent would not have an adequate remedy at law for failure by the Borrowers Borrower to honor any such demand and that the Lenders, the Issuing Banks, the Swingline Lender and the Administrative Agent shall have the right to require the Borrowers Borrower to specifically perform such undertaking whether or not any drawings or other demands for payment have been made under any of the Letters of Credit.

Bankruptcy Defaults. When any Event of Default described in subsections (f) or (g) of Section 7.1 has occurred and is continuing with respect to any Credit Partythe Borrower or Holdings, then all outstanding 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 BorrowersBorrower; and all obligations of the Lenders, the Swingline Lender Lenders and the Issuing Banks to extend further credit pursuant to any of the terms hereof shall immediately terminate and the Company Borrower shall immediately pay to the Administrative Agent (to be held by the Administrative Agent pursuant to Section 7.4) in cash the full amount then available for drawing under all outstanding Letters of Credit, each the Borrower acknowledging that the Lenders, the Issuing Banks, the Swingline Lender and the Administrative Agent would not have an adequate remedy at law for failure by the Borrowers Borrower to honor any such demand and that the Lenders, the Issuing Banks, the Swingline Lender and the Administrative Agent shall have the right to require the Borrowers Borrower to specifically perform such undertaking whether or not any drawings or other demands for payment have been made under any of the Letters of Credit.

Bankruptcy Defaults. When any Event of Default described in subsections (f) or (g) of Section SECTION 7.1 has occurred and is continuing with respect to any Credit Partythe Borrower, then (i) all outstanding Loans Notes shall immediately and automatically 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 Borrowers; and Borrower, (ii) all obligations of the Lenders, the Swingline Agent or any Lender and the Issuing Banks to extend further credit pursuant to any of the terms hereof shall immediately terminate terminate, and (iii) the Company Borrower shall immediately pay to the Administrative Agent (to be held by the Administrative Agent pursuant to Section SECTION 7.4) the full amount then available for drawing under all outstanding Letters of CreditCredit to the extent any such Letter of Credit is not already cash collateralized, each the Borrower acknowledging and agreeing that neither the Lenders, Agent nor the Issuing Banks, the Swingline Lender and the Administrative Agent Lenders would not have an adequate remedy at law for failure by the Borrowers Borrower to honor any such demand and that the Lenders, the Issuing Banks, the Swingline Lender Agent and the Administrative Agent Lenders shall have the right to require the Borrowers Borrower to specifically perform such undertaking whether or not any drawings or other demands for payment have been made under any of the Letters of Credit.

Bankruptcy Defaults. When any Event of Default described in subsections (f) or (g) of Section 7.1 has occurred and is continuing with respect to any Credit Partythe Borrower or BVI, then all outstanding 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 BorrowersBorrower; and all obligations of the Lenders, the Swingline Lender and the Issuing Banks to extend further credit pursuant to any of the terms hereof shall immediately terminate and the Company Borrower shall immediately pay to the Administrative Agent (to be held by the Administrative Agent pursuant to Section 7.4) the full amount then available for drawing under all outstanding Letters of Credit, each the Borrower acknowledging that the Lenders, the Issuing Banks, the Swingline Lender and the Administrative Agent would not have an adequate remedy at law for failure by the Borrowers Borrower to honor any such demand and that the Lenders, the Issuing Banks, the Swingline Lender and the Administrative Agent shall have the right to require the Borrowers Borrower to specifically perform such undertaking whether or not any drawings or other demands for payment have been made under any of the Letters of Credit.

Bankruptcy Defaults. When any Event of Default described in subsections (fSection 7.1(f) or (gSection 7.1(g) of Section 7.1 has occurred and is continuing with respect to any Credit Party, then all outstanding 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 Borrowers; and all obligations of the Lenders, the Swingline Lender Lenders and the Issuing Banks to extend further credit pursuant to any of the terms hereof shall immediately terminate and the Company shall immediately pay to the Administrative Agent (to be held by the Administrative Agent pursuant to Section 7.4) the full amount then available for drawing under all outstanding Letters of Credit, each Borrower acknowledging that the Lenders, the Issuing Banks, the Swingline Lender Lenders and the Administrative Agent would not have an adequate remedy at law for failure by the Borrowers to honor any such demand and that the Lenders, the Issuing Banks, the Swingline Lender Lenders and the Administrative Agent shall have the right to require the Borrowers to specifically perform such undertaking whether or not any drawings or other demands for payment have been made under any of the Letters of Credit.

Bankruptcy Defaults. When any Event of Default described in subsections (fSection 7.1(f) or (g) of Section 7.1 has occurred and is continuing with respect to any Credit Party, then all outstanding 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 Borrowers; and all obligations of the Lenders, the Swingline Lender Lenders and the Issuing Banks to extend further credit pursuant to any of the terms hereof shall immediately terminate and the Company shall immediately pay to the Administrative Agent (to be held by the Administrative Agent pursuant to Section 7.4) the full amount then available for drawing under all outstanding Letters of Credit, each Borrower acknowledging that the Lenders, the Issuing Banks, the Swingline Lender Lenders and the Administrative Agent would not have an adequate remedy at law for failure by the Borrowers to honor any such demand and that the Lenders, the Issuing Banks, the Swingline Lender Lenders and the Administrative Agent shall have the right to require the Borrowers to specifically perform such undertaking whether or not any drawings or other demands for payment have been made under any of the Letters of Credit.

Bankruptcy Defaults. When any Event of Default described in subsections (f) or (g) of Section 7.1 has occurred and is continuing with respect to the Borrower, Holdings or any Credit other Loan Party, then all outstanding 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 BorrowersBorrower; and all obligations of the Lenders, the Swingline Lender Lenders and the Issuing Banks to extend further credit pursuant to any of the terms hereof shall immediately terminate and the Company Borrower shall immediately pay to the Administrative Agent (to be held by the Administrative Agent pursuant to Section 7.4) in cash the full amount then available for drawing under all outstanding Letters of Credit, each the Borrower acknowledging that the Lenders, the Issuing Banks, the Swingline Lender and the Administrative Agent would not have an adequate remedy at law for failure by the Borrowers Borrower to honor any such demand and that the Lenders, the Issuing Banks, the Swingline Lender and the Administrative Agent shall have the right to require the Borrowers Borrower to specifically perform such undertaking whether or not any drawings or other demands for payment have been made under any of the Letters of Credit.

Bankruptcy Defaults. When any Event of Default described in subsections (fj) or (gk) of Section 7.1 9.1 hereof has occurred and is continuing with respect to any Credit Partycontinuing, then all outstanding Loans Notes shall immediately become due and payable together with all other accrued amounts payable under the Credit Loan Documents without presentment, demand, protest or notice of any kind, each of which is expressly waived by the Borrowers; and all obligations obligation of the Lenders, the Swingline Lender and the Issuing Banks Lenders to extend further credit pursuant to any of the terms hereof shall immediately terminate (except that the L/C Issuer’s obligation to honor presentments, drawings and other demands for payment under outstanding Letters of Credit shall not be affected) and the Company Borrower shall immediately pay to the Administrative Agent (to be held by as Collateral for the Administrative Agent pursuant to Section 7.4) payment of Reimbursement Obligations then existing or thereafter arising the full amount then available for drawing under all outstanding Letters of Credit, each the Borrower acknowledging and agreeing that the Lenders, the Issuing Banks, the Swingline Lender and the Administrative Agent Lenders would not have an adequate remedy at law for failure by the Borrowers Borrower to honor any such demand and that the Lenders, the Issuing Banks, the Swingline Lender and the Administrative Agent on their behalf, shall have the right to require the Borrowers Borrower to specifically perform such undertaking whether or not any drawings draws or other demands for payment have been made under any of the Letters of Credit.

Bankruptcy Defaults. When any Event of Default described in subsections (f) or (g) of Section 7.1 has occurred and is continuing with respect to any Credit Partythe Borrower or Holdings, then all outstanding 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 BorrowersBorrower; and all obligations of the Lenders, the Swingline Lender Lenders and the Issuing Banks Bank to extend further credit pursuant to any of the terms hereof shall immediately terminate and the Company Borrower shall immediately pay to the Administrative Agent (to be held by the Administrative Agent pursuant to Section 7.4) in cash the full amount then available for drawing under all outstanding Letters of Credit, each the Borrower acknowledging that the Lenders, the Issuing Banks, the Swingline Lender and the Administrative Agent would not have an adequate remedy at law for failure by the Borrowers Borrower to honor any such demand and that the Lenders, the Issuing Banks, the Swingline Lender and the Administrative Agent shall have the right to require the Borrowers Borrower to specifically perform such undertaking whether or not any drawings or other demands for payment have been made under any of the Letters of Credit.

Bankruptcy Defaults. When any Event of Default described in subsections (f) or (g) of Section 7.1 has occurred and is continuing with respect to any Credit Partythe Borrower or Holdings, then all outstanding 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 BorrowersBorrower; and all obligations of the Lenders, the Swingline Lender Lenders and the Issuing Banks to extend further credit pursuant to any of the terms hereof shall immediately terminate and the Company Borrower shall immediately pay to the Administrative Agent (to be held by the Administrative Agent pursuant to Section 7.4) in cash the full amount then available for drawing under all outstanding Letters of Credit, each the Borrower acknowledging that the Lenders, the Issuing Banks, the Swingline Lender and the Administrative Agent would not have an adequate remedy at law for failure by the Borrowers Borrower to honor any such demand and that the Lenders, the Issuing Banks, the Swingline Lender and the Administrative Agent shall have the right to require the Borrowers Borrower to specifically perform such undertaking whether or not any drawings or other demands for payment have been made under any of the Letters of Credit.