Effect of Forbearance Termination Event Sample Clauses

Effect of Forbearance Termination Event. Upon the occurrence of a Forbearance Termination Event, (i) the Holder shall be entitled to accelerate outstanding obligations and demand payment of all amounts payable under this Note and/or to exercise any and all rights and remedies available under this Note, under the Securities Purchase Agreement, under any other agreement between Maker and the Holder, under any security agreement or guaranty entered into in connection with this Note at law or in equity, and (ii) the reduction of the Principal Amount provided for in the Amendment No. 2 to this Note, dated as of January 23, 2024 (the “Second Amendment”), shall be deemed not to have occurred and the amounts owing under this Note shall include the Principal Amount owing prior to the date of the Second Amendment and the Holder, such other amounts owing as of such date and any amounts that would have accrued on this Note had the Second Amendment not been entered into.
Sample 1
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Effect of Forbearance Termination Event. Upon the occurrence of a Forbearance Termination Event, the Lenders shall be entitled to exercise any and all rights and remedies available under the Loan Documents, under this Amendment, under any other agreement between Borrower and the Lenders, at law or in equity without further notice to Borrower, including, without limitation, the right to cause the Loans to accrue interest at the rates set forth in Section 2.9 of the Credit Agreement. Nothing in this Amendment limits the rights of the Lenders at any time on or after the occurrence of a Forbearance Termination Event to foreclose on any Collateral that secures the Obligations in accordance with the Loan Documents.
Sample 1

Related to Effect of Forbearance Termination Event

  • Term Termination and Suspension 18.1 This Agreement shall be effective from the Effective Date for the Term. The Service shall commence on the Commencement Date and continue until the Completion Date, whereupon this Agreement shall expire unless terminated earlier in accordance with its terms.

  • Effect of a Change in Control In the event of a Change in Control, Sections 6 through 13 of this Agreement shall become applicable to Executive. These Sections shall continue to remain applicable until the third anniversary of the date upon which the Change in Control occurs. On such third anniversary date, and provided that the employment of Executive has not been terminated on account of a Qualifying Termination (as defined in Section 5 below), this Agreement shall terminate and be of no further force or effect.

  • Termination Effect of Termination 29 7.1 Termination................................................................. 29 7.2

  • Effect of Termination for Cause If Employee's employment is terminated "For Cause":

  • Termination and Effect of Termination This Agreement shall terminate upon the date on which no Holder holds any Registrable Securities, except for the provisions of Sections 3.9 and 3.10, which shall survive any such termination. No termination under this Agreement shall relieve any Person of liability for breach or Registration Expenses incurred prior to termination. In the event this Agreement is terminated, each Person entitled to indemnification rights pursuant to Section 3.9 hereof shall retain such indemnification rights with respect to any matter that (i) may be an indemnified liability thereunder and (ii) occurred prior to such termination.

  • Effect of Termination Notice Where Network Rail or the Train Operator has served a Termination Notice on the other:

  • ISDA Termination Either Dealer or Counterparty has the right to designate an Early Termination Date pursuant to Section 6 of the Agreement, in which case, except as otherwise specified herein and except as a result of an Event of Default under Section 5(a)(i) of the Agreement, the provisions of Paragraph 7(g) below shall apply in lieu of the consequences specified in Section 6 of the Agreement;

  • EFFECT OF OPTIONAL TERMINATION Upon the exercise of the option to terminate pursuant to Section 7.2, this Agreement shall terminate and be of no further force or effect; provided, however, that:

  • Effect of Termination of Service Except as otherwise provided in accordance with Section 4(b) above, if you cease to be a Service Provider, you will forfeit all unvested Units.

  • Termination and Suspension Customer is entitled to suspend the performance of its obligations in whole or in part or terminate the Agreement with immediate effect, without prejudice to its right to claim damages and without any compensation to or indemnification of Supplier (i) in case Supplier has been declared bankrupt, is in a state of liquidation, has ceased or suspended whole or a substantial part of its business, is subject of a court order or preventative legal scheme of settlement, (ii) in case of non- compliance with the Compliance Requirements or the provisions of safety, health, environment and security or (iii) in case of not approved changes pursuant to article 10. After such termination Customer may return received Goods and/or Services in whole or partly against repayment and retransfer of ownership therein to Supplier.

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