Common use of Events of Default Other Than Bankruptcy, Insolvency or Reorganization Proceedings Clause in Contracts

Events of Default Other Than Bankruptcy, Insolvency or Reorganization Proceedings. If an Event of Default specified under Sections 8.1.1 through 8.1.13 shall occur and be continuing, then the Banks and Agent shall be under no further obligation to make Loans, and Agent may, and upon the request of the Required Banks, shall by written notice to each Borrower, declare the aggregate unpaid amount of the Obligations then outstanding and all accrued and unpaid interest thereon, any unpaid fees and all other Indebtedness of each Borrower to the Banks hereunder and under any other Loan Document to be forthwith due and payable and/or terminate the Commitments, and the same shall thereupon become and be immediately due and payable to Agent for the benefit of each Bank without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived.

Appears in 2 contracts

Samples: Credit Agreement (Interface Security Systems Holdings Inc), Credit Agreement (Interface Security Systems, L.L.C.)

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Events of Default Other Than Bankruptcy, Insolvency or Reorganization Proceedings. If an Event of Default specified under Sections 8.1.1 9.1.1 through 8.1.13 9.1.13 shall occur and be continuing, then the Banks and Agent Bank shall be under no further obligation to make Loans, Loans and Agent the Bank may, and upon the request of the Required Banks, shall by written notice to each the Borrower, take one or both of the following actions: (i) terminate the Commitment and thereupon the Commitments shall be terminated and of no further force and effect, or (ii) declare the aggregate unpaid principal amount of the Obligations Notes and Loans then outstanding and all interest accrued and unpaid interest thereon, any unpaid fees and all other Indebtedness of each the Borrower to the Banks Bank hereunder and under any other Loan Document thereunder to be forthwith due and payable and/or terminate the Commitmentspayable, and the same shall thereupon become and be immediately due and payable to Agent for the benefit of each 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 Facility Agreement (New Jersey Resources Corp)

Events of Default Other Than Bankruptcy, Insolvency or Reorganization Proceedings. If an Event of Default specified under Sections 8.1.1 9.1.1 through 8.1.13 9.1.12 shall occur and be continuing, then the Banks and the Agent shall be under no further obligation to make Loans, and the Agent may, and upon the request of the Required Banks, shall by written notice to each the Borrower, declare the aggregate unpaid principal amount of the Obligations Notes then outstanding and all interest accrued and unpaid interest thereon, any unpaid fees and all other Indebtedness Obligations of each the Borrower to the Banks hereunder and under any other Loan Document thereunder to be forthwith due and payable and/or terminate the Commitmentspayable, and the same shall thereupon become and be immediately due and payable to the Agent for the benefit of each 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 (Federated Investors Inc /Pa/)

Events of Default Other Than Bankruptcy, Insolvency or Reorganization Proceedings. If an Event of Default specified under Sections 8.1.1 (Payments Under Loan Documents) through 8.1.13 (Change of Control) shall occur and be continuing, then the Banks and the Agent shall be under no further obligation to make Loans, Term Loans and the Agent may, and upon the request of the Required Banks, shall by written notice to each the Borrower, declare the aggregate unpaid principal amount of the Obligations Term Loan then outstanding and all interest accrued and unpaid interest thereon, any unpaid fees and all other Indebtedness of each the Borrower to the Banks hereunder and under any other Loan Document thereunder to be forthwith due and payable and/or terminate the Commitmentspayable, and the same shall thereupon become and be immediately due and payable to the Agent for the benefit of each Bank without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived; and 8.2.2.

Appears in 1 contract

Samples: Credit Agreement (Hovnanian Enterprises Inc)

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Events of Default Other Than Bankruptcy, Insolvency or Reorganization Proceedings. If an Event of Default specified under Sections 8.1.1 subsections 6.1.1 through 8.1.13 6.1.13 of Section 6.1 shall occur and be continuing, then the Banks and the Administrative Agent shall be under no further obligation to make Loans, and the Administrative Agent may, and upon the request of the Required Banks, shall by written notice to each the Borrower, declare the aggregate unpaid principal amount of the Obligations Notes then outstanding and all interest accrued and unpaid interest thereon, any unpaid fees and all other Indebtedness of each the Borrower to the Banks hereunder and under any other Loan Document thereunder to be forthwith due and payable and/or terminate the Commitmentspayable, and the same shall thereupon become and be immediately due and payable to the Administrative Agent for the benefit of each Bank without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived.

Appears in 1 contract

Samples: Credit Agreement (Triumph Group Inc)

Events of Default Other Than Bankruptcy, Insolvency or Reorganization Proceedings. If an Event of Default specified under Sections 8.1.1 through 8.1.13 shall occur and be continuing, then the Banks and the Agent shall be under no further obligation to make Loans, Loans and the Agent may, and upon the request of the Required BanksBanks shall, shall by written notice to each the Borrower, declare the aggregate unpaid principal amount of the Obligations Notes then outstanding and all interest accrued and unpaid interest thereon, any unpaid fees and all other Indebtedness of each the Borrower to the Banks hereunder and under any other Loan Document thereunder to be forthwith due and payable and/or terminate the Commitmentspayable, and the same shall thereupon become and be immediately due and payable to the Agent for the benefit of each 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 (Party City Corp)

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