Optional Defaults. If any Event of Default referred to in Section 7.1, 7.2., 7.3, 7.4, 7.5, 7.6, 7.7, 7.8, 7.9 or 7.10 hereof shall occur, the Majority Banks shall have the right in their discretion, by directing Agent, on behalf of the Banks, to give written notice to Borrower, to:
Appears in 2 contracts
Samples: Credit Agreement (Amcast Industrial Corp), Credit Agreement (Amcast Industrial Corp)
Optional Defaults. If any Event of Default referred to in Section 7.1, 7.2., 7.3, 7.4, 7.5, 7.6, 7.7, 7.8, 7.9 7.9, 7.10 or 7.10 7.11 hereof shall occur, the Majority Banks shall have the right in their discretion, by directing Administrative Agent, on behalf of the Banks, to give written notice to Borrower, to:
Appears in 2 contracts
Samples: Credit Agreement (Park Ohio Industries Inc/Oh), Credit Agreement (Park Ohio Holdings Corp)
Optional Defaults. If any Event of Default referred to in Section 7.1, 7.2., 7.3, 7.4, 7.5, 7.6, 7.7, 7.8, 7.9 7.9, 7.10 or 7.10 7.11 hereof shall occur, the Majority Required Banks shall have the right right, in their discretion, by directing Agent, on behalf of the Banks, to give written notice to U.S. Borrower, to:
Appears in 1 contract
Samples: Export Credit Agreement (Advanced Lighting Technologies Inc)
Optional Defaults. If any Event of Default referred to in Section 7.1, 7.2., 7.3, 7.4, 7.5, 7.6, 7.7, 7.8, 7.9 or 7.10 hereof shall occur, the Majority Banks shall have the right right, in their discretion, by directing Agent, on behalf of the Banks, to give written notice to Borrower, Borrower and the Canadian Borrowers to:
Appears in 1 contract
Samples: Assignment and Acceptance Agreement (Applied Industrial Technologies Inc)
Optional Defaults. If any Event of Default referred to in Section 7.1, 7.2., 7.3, 7.4, 7.5, 7.6, 7.7, 7.8, 7.8 or 7.9 or 7.10 hereof shall occur, the Majority Banks shall have the right in their discretion, by directing Agent, on behalf of the Banks, to give written notice to Borrower, to:
Appears in 1 contract
Optional Defaults. If any Event of Default referred to in Section 7.1, 7.2., 7.3, 7.4, 7.5, 7.6, 7.7, 7.8, 7.9 7.10, 7.11 or 7.10 7.12 hereof shall occur, the Majority Banks shall have the right in their discretion, by directing Agent, on behalf of the Banks, to give written notice to Borrower, to:
Appears in 1 contract
Samples: Sixth Amendment Agreement (Park Ohio Industries Inc)
Optional Defaults. If any Event of Default referred to in Section 7.1, 7.2., 7.3, 7.4, 7.5, 7.6, 7.7, 7.8, 7.9 7.7 or 7.10 7.8 hereof shall occuroccur and be Continuing, the Majority Banks shall have the right in their discretion, by directing Agent, on behalf of the Banks, to give written notice to Borrower, to:
Appears in 1 contract
Samples: Standard Products Co
Optional Defaults. If any Event of Default referred to in Section 7.1, 7.2., 7.3, 7.4, 7.5, 7.6, 7.7, 7.8, 7.9 7.9, 7.10 or 7.10 7.12 hereof shall occur, the Majority Banks shall have the right right, in their discretion, by directing Agent, on behalf of the Banks, to give written notice to Borrower, to:
Appears in 1 contract
Samples: Assignment and Acceptance Agreement (Oglebay Norton Co)
Optional Defaults. If any Event of Default referred to in Section 7.1, 7.2., 7.3, 7.4, 7.5, 7.6, 7.7, 7.8, 7.9 or 7.10 hereof shall occur, the Majority Banks shall have the right in their discretion, by directing Administrative Agent, on behalf of the Banks, to give written notice to Borrower, to:
Appears in 1 contract
Optional Defaults. If any Event of Default referred to in Section 7.18.1, 7.28.2., 7.38.3, 7.48.4, 7.58.5, 7.68.6, 7.78.7, 7.88.8, 7.9 8.9 or 7.10 8.10 hereof shall occur, the Majority Required Banks shall have the right right, in their discretion, by directing Agent, on behalf of the Banks, to give written notice to BorrowerBorrowers, to:
Appears in 1 contract
Optional Defaults. If any Event of Default referred to in Section 7.1, 7.2., 7.3, 7.4, 7.5, 7.6, 7.7, 7.8, 7.9 or 7.10 7.1 through Section 7.8 hereof shall occuroccurs, the Majority Banks shall have the right in their discretion, by directing Agent, Agent on behalf of the Banks, to give upon written notice to Borrower, to:
Appears in 1 contract
Samples: Credit Agreement (Timken Co)
Optional Defaults. If any Event of Default referred to in Section 7.1, 7.2., 7.3, 7.4, 7.5, 7.6, 7.7, 7.8, 7.9 , 7.10, 7.11 or 7.10 7.13 hereof shall occur, the Majority Required Banks shall have the right right, in their discretion, by directing Agent, on behalf of the Banks, to give written notice to BorrowerBorrowers, to:
Appears in 1 contract
Samples: Assignment and Acceptance Agreement (Advanced Lighting Technologies Inc)
Optional Defaults. If any Event of Default referred to in Section 7.1, 7.2., 7.3, 7.4, 7.5, 7.6, 7.7, 7.8, 7.8 or 7.9 or 7.10 hereof shall occur, the Majority Banks Bank shall have the right in their its discretion, by directing Agent, on behalf of the Banks, to give written notice to BorrowerBorrowers, to:
Appears in 1 contract
Samples: Credit and Security Agreement (Telecomm Industries Corp)
Optional Defaults. If any Event of Default referred to in Section 7.1, 7.2., 7.3, 7.4, 7.5, 7.6, 7.7, 7.8, 7.9 7.9, 7.10, 7.12 or 7.10 7.13 hereof shall occur, the Majority Banks shall have the right right, in their discretion, by directing Agent, on behalf of the Banks, to give written notice to Borrower, to:
Appears in 1 contract
Samples: Assignment and Acceptance Agreement (Oglebay Norton Co /New/)
