Bankruptcy Defaults. When any Event of Default described in subsection (j) or (k) of Section 9.1 with respect to the Borrower has occurred and is continuing, then the Note, 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 obligation of the 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 6 contracts
Sources: Credit Agreement (Clear Street Group Inc.), Credit Agreement (Siebert Financial Corp), Credit Agreement (Diamond Management & Technology Consultants, Inc.)
Bankruptcy Defaults. When any Event of Default described in subsection (j) or (k) of Section 9.1 with respect to the Borrower 8.1 has occurred and is continuing, then the Note, 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 obligation of the 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 5 contracts
Sources: Credit Agreement (Oil-Dri Corp of America), Credit Agreement (Oil-Dri Corp of America), Credit Agreement (Oil-Dri Corp of America)
Bankruptcy Defaults. When any Event of Default described in subsection (j) or (k) of Section 9.1 with respect to the Borrower has occurred and is continuing, then the NoteNotes, 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 obligation obligations of the Bank Lenders to extend further credit pursuant to any of the terms hereof shall immediately terminate. In addition, the Bank Agent may exercise any and all remedies available to it under the Loan Documents or applicable law.
Appears in 3 contracts
Sources: Long Term Multicurrency Credit Agreement (Anicom Inc), Credit Agreement (Anicom Inc), Short Term Credit Agreement (Anicom Inc)
Bankruptcy Defaults. When any Event of Default described in subsection (j) or (k) of Section 9.1 with respect to the Borrower has occurred and is continuing, then the Note, 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 obligation of the 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
Sources: Credit Agreement (Hub Group Inc), Credit Agreement (Primus Guaranty LTD), Credit Agreement (Newport Corp)
Bankruptcy Defaults. When any Event of Default described in subsection (j) or (k) of Section 9.1 with respect to the Borrower 8.1 has occurred and is continuing, then the Note, 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 obligation of the 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
Sources: Revolving Credit Agreement (Newport Corp), Credit Agreement (Newport Corp), Revolving Credit Agreement (Newport Corp)
Bankruptcy Defaults. When any Event of Default described in subsection (jp) or (kq) of Section 9.1 with respect to the Borrower has occurred and is continuing, then the Revolving Credit Note, 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 obligation of the 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 1 contract
Sources: Credit Agreement (QMS Inc)
Bankruptcy Defaults. When any Event of Default described in subsection (jm) or (kn) of Section 9.1 with respect to the Borrower has occurred and is continuing, then the Revolving Credit Note, 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 obligation of the 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 1 contract
Sources: Credit Agreement (JPS Packaging Co)
Bankruptcy Defaults. When any Event of Default described in subsection (j) or (k) of Section 9.1 with respect to the either Borrower has occurred and is continuing, then the Note, 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 obligation of the 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 1 contract
Sources: Credit Agreement (Hub Group Inc)
Bankruptcy Defaults. When any Event of Default described in subsection (jn) or (ko) of Section 9.1 with respect to the Borrower has occurred and is continuing, then the Revolving Credit Note, 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 obligation of the 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 1 contract