Common use of Cancellation/Acceleration Clause in Contracts

Cancellation/Acceleration. (1) If at any time and for any reason (and whether within or beyond the control of any party to this Agreement) any Event of Default has occurred then at any time thereafter, while an Event of Default is continuing, the Agent may and, if so instructed by the Majority Banks, shall by notice to the Borrower:-

Cancellation/Acceleration. (1) If at any time and for any reason (and whether within or beyond the control of any party to this Agreementthe Borrower) any Event of Default has occurred then at any time thereafter, while an Event of Default and is continuingsubsisting, the Agent may andAgent, if so instructed by the Majority Banks, shall by notice to the Borrower:-Borrower declare:

Cancellation/Acceleration. (1) If at any time and for any reason (and whether -------------------------- within or beyond the control of any either party to this Agreement) any Event of Default has occurred then at any time thereafter, while an whether or not any Event of Default is continuing, the Agent Lender may and, if so instructed by the Majority Banks, shall by notice to the Borrower:-Borrower declare:-

Cancellation/Acceleration. (1) If at any time and for any reason (and whether within or beyond the control of any party to this Agreement) any Termination Event of Default has occurred and is continuing then at any time thereafter, while an Event of Default is continuing, the Agent may and, if so instructed by the Majority BanksLenders, shall by notice to the Borrower:-Borrower declare:

Cancellation/Acceleration. (1) If at any time and for any reason (and whether within or beyond the control of any party to this Agreement) any Event of Default has occurred then at any time thereafter, while an Event of Default is continuing, the Agent may and, if so instructed by the Majority Banks, shall by notice to the Borrower:-