Common use of Consequences of Event of Default Clause in Contracts

Consequences of Event of Default. (a) If an Event of Default -------------------------------- specified under clauses (a) through (f) of Section 9.01 shall occur and be ----------------------- ------------ continuing, Lender may (i) declare the Loan, together with interest thereon, plus the Make-Whole Premium and all other liabilities of Borrower hereunder and under the other Operative Documents to be immediately due and payable, without presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived, and (ii) terminate its commitment to make the Loan and terminate any commitment to advance money or extend credit to or for the benefit of Borrower pursuant to any other agreement or commitment extended by Lender to Borrower.

Appears in 2 contracts

Samples: Intercreditor Agreement (Corsair Communications Inc), Loan and Security Agreement (Corsair Communications Inc)

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Consequences of Event of Default. (a) If an Event of Default -------------------------------- specified under any of clauses (a) through (fg) ----------------------- or (j) of Section 9.01 shall occur and be ----------------------- ------------ continuing, Lender Lenders may (i) declare ------ ------------ the Loan, together with interest thereon, plus the Make-Whole Premium any premium and all other liabilities of Borrower hereunder and under the other Operative Documents to be immediately due and payable, without presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived, and (ii) terminate its commitment to make the Loan and terminate any commitment to advance money or extend credit to or for the benefit of Borrower pursuant to any other agreement or commitment extended by Lender Lenders to Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Exodus Communications Inc)

Consequences of Event of Default. (a) If an Event of Default -------------------------------- specified under any of clauses (a) ----------- through (fg) or (j) of Section 9.01 shall occur and be ----------------------- continuing for ___ days, ------------------ ------------ continuing, any Lender may (i) declare all of the LoanLoans, together with interest thereon, plus the Make-Whole Applicable Premium and all other liabilities of Borrower hereunder and under the other Operative Documents to be immediately due and payable, without presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived, and (ii) terminate its any commitment to make the Loan Loans and terminate any commitment to advance money or extend credit to or for the benefit of Borrower pursuant to any other agreement or commitment extended by a Lender to Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Onvia Com Inc)

Consequences of Event of Default. (a) If an Event of Default -------------------------------- specified under any of clauses (a) through (fg) or (j) through (m) of Section 9.01 shall occur and be ----------------------- ------------ continuing, any Lender may (i) declare all of the LoanLoans, together with interest thereon, plus the Make-Whole Applicable Premium and all other liabilities of Borrower hereunder and under the other Operative Documents to be immediately due and payable, without presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived, and (ii) terminate its any commitment to make the Loan Loans and terminate any commitment to advance money or extend credit to or for the benefit of Borrower pursuant to any other agreement or commitment extended by a Lender to Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Tripath Imaging Inc)

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Consequences of Event of Default. (a) If an Event of Default -------------------------------- specified under any of clauses (a) through (fg) or -------------------------- (j) of Section 9.01 shall occur and be ----------------------- ------------ continuing, Lender Lenders may (i) declare all --- ------------ of the LoanLoans, together with interest thereon, plus the Make-Whole Premium any premium and all other liabilities of Borrower hereunder and under the other Operative Documents to be immediately due and payable, without presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived, and (ii) terminate its any commitment to make the Loan Loans and terminate any commitment to advance money or extend credit to or for the benefit of Borrower pursuant to any other agreement or commitment extended by a Lender to Borrower.

Appears in 1 contract

Samples: Loan Agrloan and Security Agreement (Pilot Network Services Inc)

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