Automatic Acceleration. Upon the occurrence of an Event of Default described in Section 8.01(n), the Facility shall be automatically terminated and the Loans and all other Obligations shall be immediately due and payable upon the occurrence of such event, without demand or notice of any kind.
Appears in 5 contracts
Samples: Loan and Security Agreement, Loan and Security Agreement (Pennymac Financial Services, Inc.), Loan and Security Agreement (PennyMac Mortgage Investment Trust)
Automatic Acceleration. Upon the occurrence of an Event of Default described in Section 8.01(n), 8.01(l) or Section 8.01(m) the Facility shall be automatically terminated and the Loans and all other Obligations shall be immediately due and payable upon the occurrence of such event, without demand or notice of any kind.
Appears in 5 contracts
Samples: Loan and Security Agreement (Mr. Cooper Group Inc.), Loan and Security Agreement (Mr. Cooper Group Inc.), Loan and Security Agreement (Mr. Cooper Group Inc.)
Automatic Acceleration. Upon the occurrence of an Event of Default described in Section Sections 8.01(m) or 8.01(n), the Facility shall be automatically terminated and the Loans and all other Obligations shall be immediately due and payable upon the occurrence of such event, without demand or notice of any kind.
Appears in 3 contracts
Samples: Loan and Security Agreement (PennyMac Mortgage Investment Trust), Loan and Security Agreement (PennyMac Mortgage Investment Trust), Loan and Security Agreement (PennyMac Mortgage Investment Trust)
Automatic Acceleration. Upon the occurrence of an Event of Default described in Section 8.01(n8.01(m), the Facility shall be automatically terminated terminated, and the Loans and all other Obligations shall be immediately due and payable upon the occurrence of such event, without demand or notice of any kind.
Appears in 3 contracts
Samples: Loan and Security Agreement (Mr. Cooper Group Inc.), Loan and Security Agreement (Mr. Cooper Group Inc.), Loan and Security Agreement (Mr. Cooper Group Inc.)
Automatic Acceleration. Upon the occurrence of an Event of Default described in Section 8.01(n), ) the Facility shall be automatically terminated and the Loans and all other Obligations shall be immediately due and payable upon the occurrence of such event, without demand or notice of any kind.
Appears in 2 contracts
Samples: Loan and Security Agreement (Pennymac Financial Services, Inc.), Loan and Security Agreement (PennyMac Mortgage Investment Trust)
Automatic Acceleration. Upon the occurrence of an Event of Default described in Section 8.01(n8.01(m), the Facility shall be automatically terminated and the Loans and all other Obligations shall be immediately due and payable upon the occurrence of such event, without demand or notice of any kind.
Appears in 2 contracts
Samples: Loan and Security Agreement (UWM Holdings Corp), Loan and Security Agreement (UWM Holdings Corp)
Automatic Acceleration. Upon the occurrence of If an Event of Default described in Section 8.01(n)8.01(h) has occurred and is continuing, the Facility shall be automatically terminated and the Loans and all other Obligations shall be immediately due and payable upon the occurrence of such event, without demand or notice of any kind.
Appears in 1 contract
Samples: Loan and Security Agreement (Mr. Cooper Group Inc.)
