Common use of Due and Payable Clause in Contracts

Due and Payable. Upon the occurrence of any Event of Default which has not been waived in writing by Administrative Agent, Administrative Agent may (or shall, at the direction of the Required Buyers), by notice to Seller, declare all Obligations to be immediately due and payable, and any obligation of Administrative Agent and Buyers to enter into Transactions with Seller shall thereupon immediately terminate. Upon such declaration, the Obligations shall become immediately due and payable, both as to Purchase Price outstanding and Price Differential, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived, anything contained herein or other evidence of such Obligations to the contrary notwithstanding, except with respect to any Event of Default set forth in Section 7.01(d), in which case all Obligations shall automatically become immediately due and payable without the necessity of any notice or other demand, and any obligation of Administrative Agent and Buyers to enter into Transactions with Seller shall immediately terminate. Administrative Agent may (or shall at the direction of the Required Buyers) enforce payment of the same and exercise any or all of the rights, powers and remedies possessed by Administrative Agent and Buyers, whether under this Agreement or any other Program Agreement or afforded by applicable law.

Due and Payable. Upon the occurrence of any Event of Default which has not been waived in writing by Administrative Agent, Administrative Agent may Buyer (or shall, at the written direction of the Required BuyersIndenture Trustee on behalf of the Noteholders), Buyer may (at the written direction of the Indenture Trustee on behalf of the Noteholders), by notice to Seller, declare all Obligations to be immediately due and payable, and any obligation of Administrative Agent and Buyers Buyer to enter into Transactions with Seller shall thereupon immediately terminate. Upon such declaration, the Obligations shall become immediately due and payable, both as to Purchase Price outstanding and Price Differential, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived, anything contained herein or other evidence of such Obligations to the contrary notwithstanding, except with respect to any Event of Default set forth in Section 7.01(d), in which case all Obligations shall automatically become immediately due and payable without the necessity of any notice or other demand, and any obligation of Administrative Agent and Buyers Buyer to enter into Transactions with Seller shall immediately terminate. Administrative Agent Buyer may (or shall at the direction of the Required Buyers) enforce payment of the same and exercise any or all of the rights, powers and remedies possessed by Administrative Agent and BuyersBuyer, whether under this Agreement or any other Program Agreement or afforded by applicable lawApplicable Law.

Due and Payable. Upon the occurrence of any Event of Default which has not been waived in writing by Administrative AgentXxxxx, Administrative Agent may (or shall, and at the direction of the Required BuyersBuyer shall), by notice to Seller, declare all Obligations to be immediately due and payable, and any obligation of Administrative Agent and Buyers Buyer to enter into Transactions with Seller shall thereupon immediately terminate. Upon such declaration, the Obligations shall become immediately due and payable, both as to Purchase Price outstanding and Price Differential, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived, anything contained herein or other evidence of such Obligations to the contrary notwithstanding, except with respect to any Event of Default set forth in Section 7.01(d), in which case all Obligations shall automatically become immediately due and payable without the necessity of any notice or other demand, and any obligation of Administrative Agent and Buyers Buyer to enter into Transactions with Seller shall immediately terminate. Administrative Agent may (or shall at the direction Agent, on behalf of the Required Buyers) Buyer, may enforce payment of the same and exercise any or all of the rights, powers and remedies possessed by Administrative Agent and BuyersAgent, on behalf of the Buyer, whether under this Agreement or any other Program Agreement or afforded by applicable law.

Due and Payable. Upon the occurrence of any Event of Default which has not been waived in writing by Administrative Agent, Administrative Agent may (or shall, at the direction of the Required Buyers)may, by notice to Seller, declare all Obligations to be immediately due and payable, and any obligation of Administrative Agent and on behalf of Buyers to enter into Transactions with Seller shall thereupon immediately terminate. Upon such declaration, the Obligations shall become immediately due and payable, both as to Purchase Price outstanding and Price Differential, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived, anything contained herein or in other evidence of such Obligations to the contrary notwithstanding, except with respect to any Event of Default set forth in Section 7.01(d), in which case all Obligations shall automatically become immediately due and payable without the necessity of any notice or other demand, and any obligation of Administrative Agent and on behalf of Buyers to enter into Transactions with Seller shall immediately terminate. Administrative Agent may (or shall at the direction of the Required Buyers) enforce payment of the same and exercise any or all of the rights, powers and remedies possessed by Administrative Agent and BuyersAgent, whether under this Agreement or any other Program Agreement or afforded by applicable law.

Due and Payable. Upon the occurrence of any Event of Default which has not been waived in writing by Administrative AgentXxxxx, Administrative Agent may (or shall, and at the direction of the Required BuyersBuyer shall), by notice to Seller, declare all Obligations to be immediately due and payable, and any obligation of Administrative Agent and Buyers Buyer to enter into Transactions with Seller shall thereupon immediately terminate. Upon such declaration, the Obligations shall become immediately due and payable, both as to Purchase Price outstanding and Price Differential, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived, anything contained herein or other evidence of such Obligations to the contrary notwithstanding, except with respect to any Event of Default set forth in Section 7.01(d), in which case all Obligations shall automatically become immediately due and payable without the necessity of any notice or other demand, and any LEGAL02/43457575v11 obligation of Administrative Agent and Buyers Buyer to enter into Transactions with Seller shall immediately terminate. Administrative Agent may (or shall at the direction Agent, on behalf of the Required Buyers) Buyer, may enforce payment of the same and exercise any or all of the rights, powers and remedies possessed by Administrative Agent and BuyersAgent, on behalf of the Buyer, whether under this Agreement or any other Program Agreement or afforded by applicable law.

Due and Payable. Upon the occurrence of any Event of Default which has not been waived in writing by Administrative Agentaccordance with Section 8.02, Administrative Agent may (or shall, and at the direction of the Required BuyersBuyers shall), by notice to each Seller, declare all Obligations to be immediately due and payable, and any obligation of Administrative Agent and Buyers to enter into Transactions with such Seller shall thereupon immediately terminate. Upon such declaration, the Obligations shall become immediately due and payable, both as to Purchase Price outstanding and Price Differential, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived, anything contained herein or other evidence of such Obligations to the contrary notwithstanding, except with respect to any Event of Default set forth in Section 7.01(d7.01(c), in which case all Obligations shall automatically become immediately due and payable without the necessity of any notice or other demand, and any obligation of Administrative Agent and Buyers to enter into Transactions with such Seller shall immediately terminate. Administrative Agent may (or shall at the direction of the Required BuyersBuyers shall) enforce payment of the same and exercise any or all of the rights, powers and remedies possessed by Administrative Agent and or Buyers, whether under this Agreement or any other Program Agreement or afforded by applicable lawLaw.