TERMINATION OF COMMITMENT AND ACCELERATION. Upon the happening or occurrence of an Event of Default described in Section 9.E. above, the Lenders' Commitments shall immediately terminate, and upon the happening or occurrence of any other Event of Default set forth in Section 9, such Event of Default not having been previously cured or waived in writing by the Required Lenders, the Agent shall, if so directed by the Required Lenders, or may with the consent of the Required Lenders, declare the Commitments terminated, if they have not yet been terminated. Following the termination of the Commitments, the Agent shall, if so directed by the Required Lenders, or may with the consent of the Required Lenders, accelerate the Obligations by declaring that the Obligations are then due and payable and, thereupon, the Notes shall be and become forthwith, due and payable without any presentment, demand, protest, notice of any of the foregoing or other notice of any kind, all of which are hereby expressly waived notwithstanding anything contained herein or in the Notes to the contrary, and the Agent and the Lenders shall have all rights and remedies now or hereafter provided by applicable Laws and without limiting the generality of the foregoing may, at their option, also appropriate and apply toward the payment of the Notes, any indebtedness of the Agent or the
TERMINATION OF COMMITMENT AND ACCELERATION. If any Event of Default described in Section 7.1(l) shall occur, the Notes and all other Obligations shall become immediately due and payable, all without notice of any kind. If any other Event of Default shall be continuing, the Lender may declare its obligation to advance further portions of the Loans to be terminated and the outstanding Notes and all other Obligations to be due and payable, or all of the foregoing, whereupon the Notes and all other Obligations shall immediately become due and payable, all as so declared by the Lender and without presentment, demand, protest or other notice of any kind.
TERMINATION OF COMMITMENT AND ACCELERATION. If any one or more of the Events of Default shall occur, the Lender may declare its obligations to make Advances hereunder to be terminated, whereupon the same shall terminate and the Lender shall be relieved of all obligations to make Advances to the Borrower, and/or declare all unpaid principal of and accrued interest on the Construction Note, together with all other amounts owing under the Loan Documents, to be immediately due and payable, whereupon same shall become and be immediately due and payable, and without presentment, protest, demand or other notice of any kind, all of which are hereby expressly waived by the Borrower.
TERMINATION OF COMMITMENT AND ACCELERATION. 78 13.3 COMPLETION OF PROJECTS............................................... 79
TERMINATION OF COMMITMENT AND ACCELERATION. If any Event of Default described in Section 7.1 hereof shall occur, Abbott shall have no obligation to make disbursements hereunder and may declare all Obligations
TERMINATION OF COMMITMENT AND ACCELERATION. If any Event of Default described in Section 7.1 hereof shall occur, Century shall have no obligation to make disbursements hereunder and may declare all Obligations to be due and payable, whereupon all Obligations shall immediately become due and payable, all as so declared by Century and without presentment, demand, protest or other notice of any kind. Any such declaration made pursuant to this Section 7.2 may be rescinded by Century.
TERMINATION OF COMMITMENT AND ACCELERATION. Upon the Revolving Loan Termination Date or upon the happening or occurrence of an Event of Default involving the Borrower and described in Section 6.5, the Banks' commitment to make the Loans, if such commitment has not yet terminated, shall immediately terminate, and upon the happening or occurrence of any other Event of Default set forth in Article VI, such Event of Default not having been previously cured or waived in writing by the Bank, the Bank, may, at its sole and complete discretion and option, declare the Note due and payable without any presentment, demand, protest, notice of any of the foregoing or other notice of any kind, all of which are hereby expressly waived notwithstanding anything contained herein or in the Note to the contrary, and the Bank shall have all rights and remedies now or hereafter provided by applicable Laws and without limiting the generality of the foregoing, may, at its option, also appropriate and apply toward the payment of the Note, any indebtedness of the Bank to the Borrower, howsoever, created or arising, and may also exercise any and all rights and remedies hereunder, under the Loan Supporting Documents.
TERMINATION OF COMMITMENT AND ACCELERATION. If any Event of Default described in Section7.1 hereof shall occur, Xxxxxx shall have no obligation to make disbursements hereunder and may declare all Obligations to be due and payable, whereupon all Obligations shall immediately become due and payable, all as so declared by Xxxxxx and without presentment, demand, protest or other notice of any kind. Any such declaration made pursuant to this Section7.2 may be rescinded by Xxxxxx.
TERMINATION OF COMMITMENT AND ACCELERATION. If any Event of Default described in Section 6.1 hereof shall occur, Guidant shall have no obligation to make disbursements hereunder and may declare all Obligations to be due and payable, whereupon all Obligations shall immediately become due and payable, all as so declared by Guidant and without presentment, demand, protest or other notice of any kind. Any such declaration made pursuant to this Section 6.2 may be rescinded by Guidant.
TERMINATION OF COMMITMENT AND ACCELERATION. If any Event of Default described in Section 7.1(d) shall occur, all Obligations shall become immediately due and payable, all without notice of any kind, and Lender shall have no obligation to make further Loans hereunder. If any other Event of Default shall be continuing, Lender shall have no obligation to make further Loans hereunder and may declare all Obligations to be due and payable, whereupon all Obligations shall immediately become due and payable, as so declared by Lender and without presentment, demand, protest or other notice of any kind; provided, however, that Lender's right to declare the obligations due and payable hereunder based on the occurrence of an Event of Default under Section 7.1(a) shall not arise until after the failure to pay the amount due hereunder that gave rise to such Event of Default shall have continued unremedied for fifteen (15) Business Days after the date such payment was due. Any such declaration made pursuant to this Section 7.2 may be rescinded by Lender. Lender shall use commercially reasonable efforts to give Borrower notice of any Event of Default under Section 7.1(a); provided, however, that the failure to give such notice shall not affect Lender's rights hereunder.
