Common use of Consequences of Event of Default Clause in Contracts

Consequences of Event of Default. (a) If an Event of Default specified in any of items (a) through (1) or item (o) or (p) of Section 8.01 hereof shall occur and be continuing, the Lenders shall be under no further obligation to make Loans hereunder, the L/C Issuer shall be under no further obligation to issue or amend Letters of Credit hereunder and the Agent may, and upon the request of the Required Lenders shall, by written notice to the Borrower, terminate the Revolving Credit Commitment and declare the unpaid principal amount of the Notes then outstanding and all interest accrued thereon, any unpaid fees and all other Indebtedness of the Borrower to the Lenders, the Agent and the L/C Issuer hereunder and under the other Loan Documents to be forthwith due and payable, and the same shall thereupon become and be immediately due and payable to the Agent for the benefit of each Lender, the Agent and the L/C Issuer without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived; and

Appears in 3 contracts

Samples: Rti International Metals Inc, Rmi Titanium Co, Rti International Metals Inc

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Consequences of Event of Default. (a) If an Event of Default specified in any of items (a) through (1l) or item (o) or (p) of Section 8.01 hereof shall occur and be continuing, the Lenders shall be under no further obligation to make Loans hereunder, the L/C Issuer shall be under no further obligation to issue or amend Letters of Credit hereunder and the Agent may, and upon the request of the Required Lenders shall, by written notice to the Borrower, terminate the Revolving Credit Commitment and declare the unpaid principal amount of the Notes then outstanding and all interest accrued thereon, any unpaid fees and all other Indebtedness of the Borrower to the Lenders, the Agent and the L/C Issuer hereunder and under the other Loan Documents to be forthwith due and payable, and the same shall thereupon become and be immediately due and payable to the Agent for the benefit of each Lender, the Agent and the L/C Issuer without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived; and

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Carbide Graphite Group Inc /De/)

Consequences of Event of Default. (a) If an Event of Default specified in any of items under subsections (a) through (1) or item (o) or (pk) of Section 8.01 9.1 hereof shall occur and be continuingunless such Event of Default has been waived by or cured to the reasonable satisfaction of the Required Banks (or larger fraction of the Banks if required hereunder), the Lenders Banks and the Agent shall be under no further obligation to make Loans hereunder, the L/C Issuer shall be under no further obligation to or issue or amend Letters of Credit hereunder hereunder, and the Agent mayAgent, and upon the request of the Required Lenders shallBanks, shall by written notice to the Borrower, terminate the Revolving Credit Commitment and Borrower declare the unpaid principal amount of the Notes then outstanding and all interest accrued thereon, any unpaid fees thereon and all other Indebtedness of the Borrower Loan Parties to the Lenders, the Agent and the L/C Issuer Banks hereunder and under the other Loan Documents thereunder to be forthwith due and payable, and the same shall thereupon become and be immediately due and payable to the Agent for the benefit of each Lender, the Agent and the L/C Issuer Bank without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived; and

Appears in 1 contract

Samples: Credit Agreement (Chase Industries Inc)

Consequences of Event of Default. (a) If an Event of Default specified in any of items (a) through (1l) or item (o) or (p) of Section 8.01 hereof shall occur and be continuing, the Lenders shall be under no further obligation to make Loans hereunder, the L/C Issuer shall be under no further obligation to issue or amend Letters of Credit hereunder and the Agent may, and upon the request of the Required Lenders shall, by written notice to the Borrower, terminate the Revolving Credit Commitment and declare the unpaid principal amount of the Notes then outstanding and all interest accrued thereon, any unpaid fees and all other Indebtedness of the Borrower to the Lenders, the Agent and the L/C Issuer hereunder and under the other Loan Documents to be forthwith due and payable, and the same shall thereupon become and be immediately due and payable to the Agent for the benefit of each Lender, the Agent and the L/C Issuer without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived; and

Appears in 1 contract

Samples: Credit Agreement (Mastech Corp)

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Consequences of Event of Default. (a) If an Event of Default specified in any of items (a) through (1k) or item (on) or (po) of Section 8.01 hereof shall occur and be continuing, the Lenders shall be under no further obligation to make Loans hereunder, the L/C Issuer Issuing Bank shall be under no further obligation to issue or amend Letters of Credit hereunder and the Agent may, and upon the request of the Required Lenders shall, by written notice to the Borrower, terminate the Revolving Credit Commitment and declare the unpaid principal amount of the Notes then outstanding and all interest accrued thereon, any unpaid fees and all other Indebtedness of the Borrower to the Lenders, the Agent and the L/C Issuer hereunder and under the other Loan Documents Issuing Bank to be forthwith due and payable, and the same shall thereupon become and be immediately due and payable to the Agent for the benefit of each Lender, the Agent and the L/C Issuer Issuing Bank without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived; and

Appears in 1 contract

Samples: Credit Agreement (Igate Capital Corp)

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