Common use of Termination Upon an Event of Default Clause in Contracts

Termination Upon an Event of Default. Notwithstanding the foregoing, and subject to Section 9.02 hereof, the Agent may, and if required by the Majority Lenders to do so shall, terminate this Agreement immediately upon the occurrence of an Event of Default.

Appears in 3 contracts

Samples: Credit and Term Loan Agreement (American Architectural Products Corp), Revolving Credit and Term Loan Agreement (Golden Books Family Entertainment Inc), Credit and Term Loan Agreement (Golden Books Family Entertainment Inc)

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Termination Upon an Event of Default. Notwithstanding the foregoing, and subject to Section 9.02 hereof, the Administrative Agent may, and if required by the Majority Lenders to do so shall, terminate this Agreement immediately upon the occurrence of an Event of Default.

Appears in 2 contracts

Samples: Credit Agreement (Genesis Direct Inc), Revolving Credit Agreement (Sun Television & Appliances Inc)

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