Automatic Acceleration and Termination of Facilities. Upon the occurrence of an Event of Default: (i) the principal of and the interest on each Note and (ii) all other amounts owed to the Lender under this Agreement or any of the Borrower Documents and all other Obligations, shall thereupon become due and payable, and the Non-Revolving Guidance Line Facility and the right of the Borrower to request Advances under this Agreement shall immediately terminate.
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Samples: Credit Agreement, Security Agreement (Benefitfocus,Inc.), Security Agreement (Benefitfocus,Inc.)
Automatic Acceleration and Termination of Facilities. Upon the occurrence of an Event of Default: Default specified in Section 9.1(g) or (i) h), the principal of and the interest on each the Loan and the Note at the time outstanding, and (ii) all other amounts owed to the Lender under this Agreement or any of the Borrower Loan Documents and all other Obligations, shall thereupon become due and payablepayable without presentment, and the Non-Revolving Guidance Line Facility and the right demand, protest or other notice of any kind, all of which are expressly waived, anything in this Agreement or any of the Borrower Loan Documents to request Advances under this Agreement shall immediately terminatethe contrary notwithstanding.
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