Common use of Optional Defaults Clause in Contracts

Optional Defaults. If any Event of Default referred to in Section 7.01, Section 7.02, Section 7.03, Section 7.04, Section 7.05, Section 7.06, Section 7.07, Section 7.08 or Section 7.09 hereof shall occur, Agent may, with the consent of the Required Banks, and shall, at the request of the Required Banks, give written notice to Borrower, to accelerate the maturity of all of the Debt (if the Debt is not already due and payable), whereupon all of the Debt shall become and thereafter be immediately due and payable in full without any presentment or demand and without any further or other notice of any kind, all of which are hereby waived by Borrower.

Optional Defaults. If any Event of Default referred to in Section 7.01, Section 7.02, Section 7.03, Section 7.04, Section 7.05, Section 7.06, Section 7.07, Section 7.08 or Section 7.09 hereof shall occur, Agent may, with the consent of the Required BanksLenders, and shall, at the request of the Required BanksLenders, give written notice to Borrower, to accelerate the maturity of all of the Debt (if the Debt is not already due and payable), whereupon all of the Debt shall become and thereafter be immediately due and payable in full without any presentment or demand and without any further or other notice of any kind, all of which are hereby waived by Borrower.

Optional Defaults. If any Event of Default referred to in Section ‎Section 7.01, Section ‎Section 7.02, Section ‎Section 7.03, Section ‎Section 7.04, Section ‎Section 7.05, Section ‎Section 7.06, Section ‎Section 7.07, Section ‎Section 7.08 or Section ‎Section 7.09 hereof shall occur, Agent may, with the consent of the Required BanksLenders, and shall, at the request of the Required BanksLenders, give written notice to Borrower, to accelerate the maturity of all of the Debt (if the Debt is not already due and payable), whereupon all of the Debt shall become and thereafter be immediately due and payable in full without any presentment or demand and without any further or other notice of any kind, all of which are hereby waived by Borrower.

Optional Defaults. If any Event of Default referred to in Section 7.017.1, Section 7.027.2, Section 7.037.3, Section 7.047.4, Section 7.057.5, Section 7.067.6, Section 7.077.7, Section 7.08 7.8, 7.9, 7.10 or Section 7.09 7.11 hereof shall occur, Agent may, with the consent of the Required BanksLenders, and shall, at the written request of the Required BanksLenders, give written notice to Borrower, Borrower to accelerate the maturity of all of the Debt Obligations (if the Debt is Obligations are not already due and payable), whereupon all of the Debt Obligations shall become and thereafter be immediately due and payable in full without any presentment or demand and without any further or other notice of any kind, all of which are hereby waived by Borrower.

Optional Defaults. If any Event of Default referred to in Section 7.01, Section 7.02, Section 7.03, Section 7.04, Section 7.05, Section 7.06, Section 7.07, Section 7.08 or Section 7.09 hereof shall occur, Agent may, with the consent of the Required BanksLenders, and shall, at the request of the Required BanksLenders, give written notice to BorrowerBorrowers, to terminate all Commitments and accelerate the maturity of all of the Debt (if the Debt is not already due and payable), whereupon all of the Debt shall become and thereafter be immediately due and payable in full without any presentment or demand and without any further or other notice of any kind, all of which are hereby waived by BorrowerBorrowers.