Payment Upon Event of Default. If any Event of Default (as defined in the Note) shall occur in the payment of any Indebtedness, Guarantor hereby agrees to pay any and all Guaranteed Obligations: (a) without deduction by reason of any set-off, defense or counterclaim of Borrower; (b) without requiring protest or notice of non-payment or notice of such default to Guarantor, to Borrower or to any other person; (c) without demand for payment or proof of such demand; (d) without requiring Bank to resort first to Borrower (this being a guaranty of payment and not of collection) or to any other guaranty or any collateral which Bank may hold; (e) without requiring notice of acceptance hereof or assent hereto by Bank; and (f) without requiring notice that any Indebtedness has been incurred or of the reliance by Bank upon this Guaranty, all of which Guarantor hereby waives.
Payment Upon Event of Default. Upon any Notes becoming due and payable under Section 802 of the Indenture, whether automatically or by declaration, such Notes will forthwith mature and the entire unpaid principal amount of such Notes, plus (x) all accrued and unpaid interest thereon (including, without limitation, interest accrued thereon at the applicable rate for overdue payments) and (y) the Make-Whole Amount determined in respect of such principal amount (to the full extent permitted by applicable Law), shall all be immediately due and payable, in each and every case without presentment, demand, protest or further notice, all of which are hereby waived. The Company acknowledges that each holder of a Note has the right to maintain its investment in the Notes free from repayment by the Company (except as herein specifically provided for) and that the provision for payment of a Make-Whole Amount by the Company in the event that the Notes have become due and payable under Section 802 of the Indenture, whether automatically or by declaration, as a result of an Event of Default, is intended to provide compensation for the deprivation of such right under such circumstances.
Payment Upon Event of Default. If, while this Note remains outstanding, any Event of Default (as defined above) occurs, the Holder shall be entitled to receive immediately upon any such Event of Default the entire outstanding principal amount of the note plus any accrued dividends, plus liquidated damages equal to two times the outstanding principal balance of this Note, plus all accrued and unpaid interest (if any). The parties hereby acknowledge and agree that the payment of such liquidated damages is a reasonable calculation of the Holder's lost profits and damages and is hereby agreed to by the parties in view of extreme difficulty of ascertaining actual damages by agreement of the parties at the time of any such Event of Default.
Payment Upon Event of Default. Notwithstanding the foregoing, upon or after the occurrence of an Event of Default (as defined below), any and all amounts of unpaid principal, together with any accrued and unpaid interest thereon, may be declared immediately due and payable by Investor or made automatically due and payable in accordance with the terms hereof. All interest due hereunder shall accrue on the unpaid principal on the basis of twelve 30-day months and the actual number of days elapsed in any partial month. All payments of principal and interest on this Note shall be made in the lawful tender of the United States and shall be applied first to the payment of all accrued and unpaid interest and then to the payment of principal.
Payment Upon Event of Default. Upon the occurrence of an uncured Event of Default under the Note and/or any other Loan Document and the expiration of any applicable opportunity to cure period and following acceleration of maturity of the Note by American Family, a tender of payment of, or entry of judgment for, the amount necessary to satisfy the entire unpaid principal balance due and payable shall be deemed to constitute an attempted evasion of the aforesaid restrictions on the right of prepayment and shall be deemed a prepayment of the Note. Such payment or judgment must, therefore, include the prepayment premium then in effect under the terms of the Note. Borrower understands and agrees that American Family shall have the right, but not the obligation, to include and bid in such prepayment premium as an amount due American Family in connection with any foreclosure proceedings.
Payment Upon Event of Default. (a) Notwithstanding the provisions of any other document or agreement to the contrary, upon the occurrence of an Event of Default (or a Default) under the Bank Agreements, the occurrence of which shall be conclusively established by Bank giving written notice thereof, if required herein, to Manager, CSDC and Borrower, which has not been cured in accordance with the provisions hereinafter which allow such, all of the Bank Indebtedness shall first be paid in full before any payment of any of the Manager Indebtedness or the CSDC Lease Indebtedness and CSDC Loan Indebtedness (except for payment directed by Bank in satisfaction of Landlord Administrative Expenses and/or Carrying Costs Rent, as defined in the Hotel Lease). Until the Bank Indebtedness has been paid in full:
Payment Upon Event of Default. Upon the occurrence of an Event of Default prior to the end of the Deferred Payment Period, notwithstanding anything in this Section 2.5 to the contrary, Purchaser shall promptly, but in any event within two (2) Business Days, pay to TDCC an amount equal to the Deferred Payment Amount, and, following such payment, any and all obligations of Purchaser under this Section 2.5 shall thereafter terminate and cease to have any further force or effect.
