Common use of Termination and Acceleration Clause in Contracts

Termination and Acceleration. Terminate any commitment and declare the unpaid principal balance of the loans, all accrued interest thereon, and all other amounts payable under this Agreement, the Promissory Notes and Supplements, and all other Loan Documents to be immediately due and payable; provided, however, that upon the occurrence of an Event of Default under Section 8.08(F), any commitments shall automatically be terminated and all such amounts shall automatically become due and payable. Upon such a declaration (or automatically, as provided above), the unpaid principal balance of the loans and all such other amounts shall become immediately due and payable, without protest, presentment, demand, or further notice of any kind, all of which are hereby expressly waived by the Company.

Appears in 2 contracts

Samples: Master Loan Agreement (Pennichuck Corp), Master Loan Agreement (Connecticut Water Service Inc / Ct)

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Termination and Acceleration. Terminate any commitment and declare the unpaid principal balance of the loansLoans, all accrued interest thereon, and all other amounts payable under this Agreement, the Promissory Notes and Supplements, and all other Loan Documents to be immediately due and payable; provided, however, that upon the occurrence of an Event of Default under Section 8.08(F), any commitments shall automatically be terminated and all such amounts shall automatically become due and payable. Upon such a declaration (or automatically, as provided above), the unpaid principal balance of the loans Loans and all such other amounts shall become immediately due and payable, without protest, presentment, demand, or further notice of any kind, all of which are hereby expressly waived by the Company.

Appears in 1 contract

Samples: Master Loan Agreement (Southwest Water Co)

Termination and Acceleration. Terminate any commitment and as and to the extent provided in the Indenture Documents, declare the unpaid principal balance of the loansLoans, all accrued interest thereon, and all other amounts payable under this Agreement, the Supplements, the Promissory Notes and SupplementsNotes, and all other Loan Documents to be immediately due and payable; provided, however, that upon the occurrence of an Event of Default under Section 8.08(F8.01(G), any commitments shall automatically be terminated and all such amounts shall automatically become due and payableterminated. Upon such a declaration (or automatically, as provided above)declaration, the unpaid principal balance of the loans Loans and all such other amounts shall become immediately due and payable, without protest, presentment, demand, or further notice of any kind, all of which are hereby expressly waived by the Company.

Appears in 1 contract

Samples: Master Loan Agreement (Chugach Electric Association Inc)

Termination and Acceleration. Terminate any commitment and declare the unpaid principal balance of the loansLoans, all accrued interest thereon, and all other amounts payable under this Agreement, the Promissory Notes and Supplements, and all other Loan Documents to be immediately due and payable; provided, however, that upon the occurrence of an Event of Default under Section 8.08(F8.01(H)(6), any commitments shall automatically be terminated and all such amounts shall automatically become due and payable. Upon such a declaration (or automatically, as provided above), the unpaid principal balance of the loans Loans and all such other amounts shall become immediately due and payable, without protest, presentment, demand, or further notice of any kind, all of which are hereby expressly waived by the Company.

Appears in 1 contract

Samples: Master Loan Agreement (Chugach Electric Association Inc)

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Termination and Acceleration. Terminate any commitment and as and to the extent provided in the Indenture Documents, declare the unpaid principal balance of the loansLoans, all accrued interest thereon, and all other amounts payable under this Agreement, the Supplements, the Promissory Notes and SupplementsNotes, and all other Loan Documents to be immediately due and payable; provided, however, that upon the occurrence of an Event of Default under Section 8.08(F8.01(H)(6), any commitments shall automatically be terminated and all such amounts shall automatically become due and payableterminated. Upon such a declaration (or automatically, as provided above)declaration, the unpaid principal balance of the loans Loans and all such other amounts shall become immediately due and payable, without protest, presentment, demand, or further notice of any kind, all of which are hereby expressly waived by the Company.

Appears in 1 contract

Samples: Master Loan Agreement (Chugach Electric Association Inc)

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