Common use of Effect of Event of Default Clause in Contracts

Effect of Event of Default. If any Event of Default described in Section 7.01(d) of this Agreement shall occur, maturity of each of the Loans shall immediately be accelerated and each of the Notes and the Loans evidenced thereby, and all other indebtedness and any other payment Obligations of the Company to FHI shall become immediately due and payable, and the obligation of FHI to make any Advance shall immediately terminate, all without notice of any kind. When any other Event of Default has occurred and is continuing, FHI or any other holder of the Notes may accelerate payment of the Loans and declare the Notes and all other payment Obligations due and payable, whereupon maturity of each of the Loans shall be accelerated and each of the Notes and the Loans evidenced thereby, and all other payment Obligations shall become immediately due and payable and the obligation of FHI to make any Advance shall immediately terminate, all without notice of any kind. FHI or such other holder shall promptly advise the Company of any such declaration, but failure to do so shall not impair the effect of such declaration. The remedies of FHI specified in this Agreement or in any other Loan Document shall not be exclusive, and FHI may avail itself of any other remedies provided by law as well as any equitable remedies available to FHI.

Effect of Event of Default. If any Event of Default described in Section 7.01(d) of this Agreement shall occur, maturity of each of the Loans shall immediately be accelerated and each of the Notes and the Loans evidenced thereby, and all other indebtedness and any other payment Obligations of the Company to FHI the Lenders shall become immediately due and payable, and the obligation of FHI the Lenders to make any Advance and the obligation of Bank One to issue any Letter of Credit shall immediately terminate, all without notice of any kind. When any other Event of Default has occurred and is continuing, FHI or any other holder of the Notes Required Lenders may accelerate payment of the Loans and declare the Notes and all other payment Obligations due and payable, whereupon maturity of each of the Loans shall be accelerated and each of the Notes and the Loans evidenced thereby, and all other payment Obligations shall become immediately due and payable and the obligation of FHI the Lenders to make any Advance and the obligation of Bank One to issue any Letter of Credit shall immediately terminate, all without notice of any kind. FHI or such other holder The Agent shall promptly advise the Company of any such declaration, but failure to do so shall not impair the effect of such declaration. The remedies of FHI the Agent and the Lenders specified in this Agreement or in any other Loan Document shall not be exclusive, and FHI the Agent and the Lenders each may avail itself of any other remedies provided by law as well as any equitable remedies available to FHIthe Lenders.

Effect of Event of Default. If any Event of Default described in Section 7.01(d) of this Agreement shall occur, : (i) the maturity of each of the Loans Loan shall immediately be accelerated and each of the Notes accelerated, and the Loans Note and the Loan evidenced thereby, thereby and all other indebtedness and any other payment Obligations of the Company to FHI the Bank shall become immediately due and payable, ; (ii) the Escalade Domestic Subsidiaries shall waive any sums that may be owing to them under Section 2.01 (f)(2); and (iii) the obligation of FHI Maximum Availability shall be immediately reduced to make any Advance shall immediately terminate, all without notice of any kindzero Dollars ($0). When any other Event of Default has occurred and is continuing, FHI the Bank or any other holder of the Notes Note may accelerate payment of the Loans Loan and declare the Notes Note and all other payment Obligations due and payable, whereupon maturity of each of the Loans Loan shall be accelerated and each of accelerated, the Notes Note and the Loans Loan evidenced thereby, and all other payment Obligations shall become immediately due and payable and the obligation of FHI Maximum Availability shall be immediately reduced to make any Advance shall immediately terminatezero Dollars ($0), all without notice of any kind. FHI The Bank or such other holder shall promptly advise the Company of any such declaration, but failure to do so shall not abrogate the occurrence or impair the effect of such declaration. The remedies of FHI the Bank specified in this Agreement or in any other Loan Document shall not be exclusive, and FHI the Bank may avail itself of any other remedies provided by law law, as well as any equitable remedies available to FHIthe Bank.

Effect of Event of Default. If any ------------ Event of Default described in Section 7.01(d) 7.01 of this Agreement shall occur, maturity of each of the Loans shall immediately be accelerated and each of the Notes and the Loans evidenced thereby, and all other indebtedness and any other payment Obligations of the Company to FHI the Bank shall become immediately due and payable, and the obligation of FHI the Bank to make any Advance or issue any Letter of Credit shall immediately terminate, all without notice of any kind. When any other Event of Default has occurred and is continuing, FHI the Bank or any other holder of the Notes may accelerate payment of the Loans and declare the Notes and all other payment Obligations due and payable, whereupon maturity of each of the Loans shall be accelerated and each of the Notes and the Loans evidenced thereby, and all other payment Obligations shall become immediately due and payable and the obligation of FHI the Bank to make any Advance or issue any Letter of Credit shall immediately terminate, all without notice of any kind. FHI The Bank or such other holder shall promptly advise the Company of any such declaration, but failure to do so shall not impair the effect of such declaration. The remedies of FHI the Bank specified in this Agreement or in any other Loan Document shall not be exclusive, and FHI the Bank may avail itself of any other remedies provided by law as well as any equitable remedies available to FHIthe Bank.

Effect of Event of Default. If any Event of Default described in Section 7.01(d) of this Agreement shall occur, maturity of each of the Loans shall immediately be accelerated and each of the Notes and the Loans evidenced thereby, and all other indebtedness and any other payment Obligations of the Company to FHI the Bank shall become immediately due and payable, and the obligation of FHI the Bank to make any Advance shall immediately terminate, all without notice of any kind. When any other Event of Default has occurred and is continuing, FHI the Bank or any other holder of the Notes may accelerate payment of the Loans and declare the Notes and all other payment Obligations due and payable, whereupon maturity of each of the Loans shall be accelerated and each of the Notes and the Loans evidenced thereby, and all other payment Obligations shall become immediately due and payable and the obligation of FHI the Bank to make any Advance shall immediately terminate, all without notice of any kind. FHI The Bank or such other holder shall promptly advise the Company of any such declaration, but failure to do so shall not impair the effect of such declaration. The remedies of FHI the Bank specified in this Agreement or in any other Loan Document shall not be exclusive, and FHI the Bank may avail itself of any other remedies provided by law as well as any equitable remedies available to FHIthe Bank.

Effect of Event of Default. If any Event of Default described in Section 7.01(d) of this Agreement shall occur, maturity of each of the Loans shall immediately be accelerated and each of the Notes and the Loans evidenced thereby, and all other indebtedness and any other payment Obligations of the Company to FHI the Banks shall become immediately due and payable, and the obligation of FHI the Banks to make any Advance and the obligation of Bank One to issue any Letter of Credit shall immediately terminate, all without notice of any kind. When any other Event of Default has occurred and is continuing, FHI or any other holder of the Notes Required Banks may accelerate payment of the Loans and declare the Notes and all other payment Obligations due and payable, whereupon maturity of each of the Loans shall be accelerated and each of the Notes and the Loans evidenced thereby, and all other payment Obligations shall become immediately due and payable and the obligation of FHI the Banks to make any Advance and the obligation of Bank One to issue any Letter of Credit shall immediately terminate, all without notice of any kind. FHI or such other holder The Agent shall promptly advise the Company of any such declaration, but failure to do so shall not impair the effect of such declaration. The remedies of FHI the Agent and the Banks specified in this Agreement or in any other Loan Document shall not be exclusive, and FHI the Agent and the Banks each may avail itself of any other remedies provided by law as well as any equitable remedies available to FHIthe Banks.

Effect of Event of Default. If any Event of Default described in Section 7.01(d) 7.01 of this Agreement shall occur, maturity of each of the Loans shall immediately be accelerated and each of the Notes and the Loans evidenced thereby, and all other indebtedness and any other payment Obligations of the Company to FHI the Bank shall become immediately due and payable, and the obligation of FHI the Bank to make any Advance or issue any Letter of Credit shall immediately terminate, all without notice of any kind. When any other Event of Default has occurred and is continuing, FHI the Bank or any other holder of the Notes may accelerate payment of the Loans and declare the Notes and all other payment Obligations due and payable, whereupon maturity of each of the Loans shall be accelerated and each of the Notes and the Loans evidenced thereby, and all other payment Obligations shall become immediately due and payable and the obligation of FHI the Bank to make any Advance or issue any Letter of Credit shall immediately terminate, all without notice of any kind. FHI The Bank or such other holder shall promptly advise the Company of any such declaration, but failure to do so shall not impair the effect of such declaration. The remedies of FHI the Bank specified in this Agreement or in any other Loan Document shall not be exclusive, and FHI the Bank may avail itself of any other remedies provided by law as well as any equitable remedies available to FHIthe Bank.