Common use of Action if Other Event of Default Clause in Contracts

Action if Other Event of Default. If any Event of Default (other than any Event of Default described in clauses (b) through (d) of Section 8.1.6 with respect to the Borrower) shall occur for any reason, whether voluntary or involuntary, and be continuing, the Administrative Agent shall at the request, or may with the consent, of the Required Lenders and Finnvera, by notice to the Borrower, declare all of the outstanding principal amount of the Loans and other Obligations to be due and payable, whereupon the full unpaid amount of such Loans and other Obligations shall be and become immediately due and payable, without further notice, demand or presentment.

Appears in 6 contracts

Samples: Credit Agreement (Royal Caribbean Cruises LTD), Credit Agreement (Royal Caribbean Cruises LTD), Credit Agreement (Royal Caribbean Cruises LTD)

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Action if Other Event of Default. If any Event of Default (other than any Event of Default described in clauses (ba) through (d) of Section 8.1.6 8.1.9 with respect to the Borrower) shall occur for any reason, whether voluntary or involuntary, and be continuing, the Administrative Agent shall at Agent, upon the request, or may with the consent, direction of the Required Lenders and FinnveraLenders, shall by notice to the Borrower, Borrower declare all or any portion of the outstanding principal amount of the Loans and other Obligations to be due and payable, whereupon the full unpaid amount of such Loans and other Obligations that shall be so declared due and payable shall be and become immediately due and payable, without further notice, demand or presentment.

Appears in 2 contracts

Samples: Credit Agreement (Energy Xxi (Bermuda) LTD), Credit Agreement (Energy Xxi (Bermuda) LTD)

Action if Other Event of Default. If any Event of Default (other than any Event of Default described in clauses (ba) through (d) of Section 8.1.6 8.1.12 with respect to the BorrowerBorrower or any Subsidiary or any other Obligor) shall occur for any reason, whether voluntary or involuntary, and be continuing, the Administrative Agent shall at Agent, upon the request, or may with the consent, direction of the Required Lenders and FinnveraLenders, shall, by notice to the Borrower, declare all or any portion of the outstanding principal amount of the Loans and other Obligations to be due and payable, whereupon the full unpaid amount of such Loans and other Obligations which shall be so declared due and payable shall be and become immediately due and payable, without further notice, demand or presentment.

Appears in 2 contracts

Samples: Credit Agreement (Metrocall Inc), Credit Agreement (Metrocall Inc)

Action if Other Event of Default. If any Event of Default (other than any Event of Default described in clauses (ba) through (d) of Section 8.1.6 8.1.8 with respect to the a Borrower) shall occur for any reason, whether voluntary or involuntary, and be continuing, the Administrative Agent shall at Agent, upon the request, or may with the consent, written direction of the Required Lenders and FinnveraLenders, shall by notice to the Borrower, Borrowers declare all or any portion of the outstanding principal amount of the Loans and other Obligations to be due and payable, whereupon the full unpaid amount of such Loans and other Obligations which shall be so declared due and payable shall be and become immediately due and payable, without further notice, demand or presentment.

Appears in 2 contracts

Samples: First Lien Credit Agreement (Standard Register Co), Lien Credit Agreement (Standard Register Co)

Action if Other Event of Default. If any Event of Default (other than any an Event of Default described in clauses (ba) through (d) of Section 8.1.6 8.1.9 with respect to the Borrowerany Obligor) shall occur for any reason, whether voluntary or involuntary, and be continuing, the Administrative Agent shall at Agent, upon the request, or may with the consent, direction of the Required Lenders and FinnveraTerm Loan Lenders, shall by notice to the Borrower, Borrower declare all or any portion of the outstanding principal amount of the Term Loans and other Obligations to be due and payable, whereupon the full unpaid amount of such Term Loans and other Term Loan Obligations which shall be so declared due and payable shall be and become immediately due and payable, without further notice, demand or presentment.

Appears in 2 contracts

Samples: Term Loan Agreement (Specialty Foods Acquisition Corp), Term Loan Agreement (Specialty Foods Corp)

Action if Other Event of Default. If any Event of Default (other than any Event of Default described in clauses (ba) through (d) of Section 8.1.6 9.1.9 with respect to the Borrower) shall occur for any reason, whether voluntary or involuntary, and be continuing, the Administrative Agent shall at Agent, upon the request, or may with the consent, direction of the Required Lenders and FinnveraLenders, shall by notice to the Borrower, Borrower declare all of the outstanding principal amount of the Loans and other payment Obligations to be due and payable, whereupon the full unpaid amount of such Loans and other payment Obligations shall be and become immediately due and payable, without further notice, demand or presentment.

Appears in 1 contract

Samples: Credit Agreement (Pogo Producing Co)

Action if Other Event of Default. If any Event of Default (other than any Event of Default described in clauses (ba) through (d) of Section 8.1.6 with respect to the Borrower9.1.9) shall occur for any reason, whether voluntary or involuntary, and be continuing, the Administrative Agent shall at Agent, upon the request, or may with the consent, direction of the Required Lenders and FinnveraLenders, shall by notice to the Borrower, Borrower declare all of the outstanding principal amount of the Loans and other Obligations to be due and payable, whereupon the full unpaid amount of such Loans and other Obligations which shall be so declared due and payable shall be and become immediately due and payable, without further notice, demand or presentment.

Appears in 1 contract

Samples: Credit Agreement (Pogo Producing Co)

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Action if Other Event of Default. If any Event of Default (other than any Event of Default described in clauses (ba) through (d) of Section 8.1.6 with respect to the Borrower8.1.9) shall occur for any reason, whether voluntary or involuntary, and be continuing, the Administrative Agent shall at Agent, upon the request, or may with the consent, direction of the Required Lenders and FinnveraLenders, shall by notice to the Borrower, Borrowers declare all or any portion of the outstanding principal amount of the Second-Lien Loans and other monetary Obligations to be due and payablepayable jointly and severally by the Borrowers, whereupon the full unpaid amount of such Second-Lien Loans and other monetary Obligations which shall be so declared due and payable shall be and become immediately due and payable, without further notice, demand or presentment.

Appears in 1 contract

Samples: Credit Agreement (WRC Media Inc)

Action if Other Event of Default. If any Event of Default (other than any Event of Default described in clauses (ba) through (d) of Section 8.1.6 with respect to the Borrower8.1.10 ) shall occur for any reason, whether voluntary or involuntary, and be continuing, the Administrative Agent shall at Agent, upon the request, or may with the consent, direction of the Required Lenders and FinnveraLenders, shall by notice to the Borrower, Borrowers declare all or any portion of the outstanding principal amount of the Loans and other Obligations to be due and payablepayable and/or the Loan Commitments (if not theretofore terminated) to be terminated, whereupon the full unpaid amount of such Loans and other Obligations which shall be and become immediately due and payable, without further notice, demand or presentment.be

Appears in 1 contract

Samples: Credit Agreement (Penford Corp)

Action if Other Event of Default. If any Event of Default (other than any Event of Default described in clauses (ba) through (d) of Section 8.1.6 8.1.9 with respect to the Borrower) shall occur for any reason, whether voluntary or involuntary, and be continuing, the Administrative Agent shall at Agent, upon the request, or may with the consent, direction of the Required Lenders and FinnveraLenders, shall by notice to the Borrower, Borrower declare all or any portion of the outstanding principal amount of the Term Loans and other Obligations to be due and payable, whereupon the full unpaid amount of such Term Loans and other Obligations which shall be so declared due and payable shall be and become immediately due and payable, without further notice, demand or presentment.

Appears in 1 contract

Samples: Credit and Guarantee Agreement (Municipal Mortgage & Equity LLC)

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