Common use of Rights of Holder upon Default Clause in Contracts

Rights of Holder upon Default. (a) If an Event of Default with respect to Company described in Section 6(f) or (g) has occurred (other than an Event of Default described in clause (i) of Section 6(f) or described in clause (v) of Section 6(f) by virtue of the fact that such clause encompasses clause (i) of Section 6(f)), the Note then outstanding shall automatically become immediately due and payable. If any other Event of Default has occurred and is continuing, the Holder may at any time at its option, by notice or notices to Company, declare the Note to be immediately due and payable.

Rights of Holder upon Default. (a) If an Event of Default with respect to Company described in Section 6(f6(g) or (gh) has occurred (other than an Event of Default described in clause (i) of Section 6(f6(g) or described in clause (v) of Section 6(f6(g) by virtue of the fact that such clause encompasses clause (i) of Section 6(f6(g)), the Note then outstanding shall automatically become immediately due and payable. If any other Event of Default has occurred and is continuing, the Holder may at any time at its option, by notice or notices to Company, declare the Note to be immediately due and payable.

Rights of Holder upon Default. (a) If an Event of Default with respect to the Company described in Section 6(f5(f) or (g) has occurred (other than an Event of Default described in clause (i) of Section 6(f5(f) or described in clause (v) of Section 6(f5(f) by virtue of the fact that such clause encompasses clause (i) of Section 6(f5(f)), the Note then outstanding shall automatically become immediately due and payable. If any other Event of Default has occurred and is continuing, the Holder holder of the Note at the time outstanding may at any time at its or their option, by notice or notices to the Company, declare the Note then outstanding to be immediately due and payable.

Rights of Holder upon Default. (a) If an Event of Default with respect to Company described in Section 6(f) or (g) has occurred (other than an Event of Default described in clause (i) of Section 6(f) or described in clause (v) of Section 6(f) by virtue of the fact that such clause encompasses clause (i) of Section 6(f)), the Note then outstanding shall automatically become immediately due and payable. If any other Event of Default has occurred and is continuing, the Holder may at any time at its option, by notice or notices to Company, declare the Note to be immediately due and payable.

Rights of Holder upon Default. (a) If an Event of Default with respect to the Company described in Section 6(f) or (g) has occurred (other than an Event of Default described in clause (i) of Section 6(f) or described in clause (v) of Section 6(f) by virtue of the fact that such clause encompasses clause (i) of Section 6(f)), the Note then outstanding shall automatically become immediately due and payable. If any other Event of Default has occurred and is continuing, the Holder may at any time at its option, by notice or notices to the Company, declare the Note to be immediately due and payable.