Common use of Bankruptcy Defaults Clause in Contracts

Bankruptcy Defaults. When any Event of Default described in subsection (j) or (k) of Section 9.1 with respect to the Borrower has occurred and is continuing, then the Note, including both principal and interest, and all fees, charges and other Obligations payable hereunder and under the other Loan Documents, shall immediately become due and payable without presentment, demand, protest or notice of any kind, and the obligation of the Bank to extend further credit pursuant to any of the terms hereof shall immediately terminate. In addition, the Bank may exercise any and all remedies available to it under the Loan Documents or applicable law.

Appears in 4 contracts

Samples: Credit Agreement (Diamond Management & Technology Consultants, Inc.), Credit Agreement (Accretive Health, Inc.), Credit Agreement (Diamond Management & Technology Consultants, Inc.)

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Bankruptcy Defaults. When any Event of Default described in subsection (j) or (k) of Section 9.1 with respect to the Borrower 8.1 has occurred and is continuing, then the Note, including both principal and interest, and all fees, charges and other Obligations payable hereunder and under the other Loan Documents, shall immediately become due and payable without presentment, demand, protest or notice of any kind, and the obligation of the Bank to extend further credit pursuant to any of the terms hereof shall immediately terminate. In addition, the Bank may exercise any and all remedies available to it under the Loan Documents or applicable law.

Appears in 3 contracts

Samples: Credit Agreement (Newport Corp), Newport Corp, Newport Corp

Bankruptcy Defaults. When any Event of Default described in subsection (j) or (k) of Section 9.1 with respect to the Borrower has occurred and is continuing, then the Note, including both principal and interest, and all fees, charges and other Obligations payable hereunder and under the other Loan Documents, shall immediately become due and payable without presentment, demand, protest or notice of any kind, and the obligation of the Bank to extend further credit pursuant to any of the terms hereof shall immediately terminate. In addition, the Bank may exercise any and all remedies available to it under the Loan Documents or applicable law.

Appears in 3 contracts

Samples: Credit Agreement (Hub Group Inc), Credit Agreement (Primus Guaranty LTD), Credit Agreement (Newport Corp)

Bankruptcy Defaults. When any Event of Default described in subsection (j) or (k) of Section 9.1 with respect to the Borrower 8.1 has occurred and is continuing, then the Note, including both principal and interest, and all fees, charges and other Obligations payable hereunder and under the other Loan Documentshereunder, shall immediately become due and payable without presentment, demand, protest or notice of any kind, and the obligation of the Bank to extend further credit pursuant to any of the terms hereof shall immediately terminate. In addition, the Bank may exercise any and all remedies available to it under the Loan Documents or applicable law.

Appears in 2 contracts

Samples: Credit Agreement (Oil-Dri Corp of America), Guaranty Agreement (Oil Dri Corporation of America)

Bankruptcy Defaults. When any Event of Default described in subsection (j) or (k) of Section 9.1 with respect to the Borrower has occurred and is continuing, then the NoteNotes, including both principal and interest, and all fees, charges and other Obligations payable hereunder and under the other Loan Documents, shall immediately become due and payable without presentment, demand, protest or notice of any kind, and the obligation obligations of the Bank Lenders to extend further credit pursuant to any of the terms hereof shall immediately terminate. In addition, the Bank Agent may exercise any and all remedies available to it under the Loan Documents or applicable law.

Appears in 2 contracts

Samples: Multicurrency Credit Agreement (Anicom Inc), Short Term Credit Agreement (Anicom Inc)

Bankruptcy Defaults. When any Event of Default described in subsection (j) or (k) of Section 9.1 with respect to the Borrower 8.1 has occurred and is continuing, then the Note, including both principal and interest, and all fees, charges and other Obligations payable hereunder and under the other Loan Documentshereunder, shall immediately become due and payable without presentment, demand, protest or notice of any kind, and the obligation of the Bank to extend further credit pursuant to any of the terms hereof shall immediately terminate. In addition, the Bank may exercise any and all remedies available to it under the Loan Documents or applicable law. Section 8.4.

Appears in 2 contracts

Samples: Credit Agreement (Oil-Dri Corp of America), Oil-Dri Corp of America

Bankruptcy Defaults. When any Event of Default described in subsection (jp) or (kq) of Section 9.1 with respect to the Borrower has occurred and is continuing, then the Revolving Credit Note, including both principal and interest, and all fees, charges and other Obligations payable hereunder and under the other Loan Documents, shall immediately become due and payable without presentment, demand, protest or notice of any kind, and the obligation of the Bank to extend further credit pursuant to any of the terms hereof shall immediately terminate. In addition, the Bank may exercise any and all remedies available to it under the Loan Documents or applicable law.

Appears in 1 contract

Samples: QMS Inc

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Bankruptcy Defaults. When any Event of Default described in subsection (jn) or (ko) of Section 9.1 with respect to the Borrower has occurred and is continuing, then the Revolving Credit Note, including both principal and interest, and all fees, charges and other Obligations payable hereunder and under the other Loan Documents, shall immediately become due and payable without presentment, demand, protest or notice of any kind, and the obligation of the Bank to extend further credit pursuant to any of the terms hereof shall immediately terminate. In addition, the Bank may exercise any and all remedies available to it under the Loan Documents or applicable law.

Appears in 1 contract

Samples: Credit Agreement (Kaneb Services LLC)

Bankruptcy Defaults. When any Event of Default described in subsection (j) or (k) of Section 9.1 with respect to the either Borrower has occurred and is continuing, then the Note, including both principal and interest, and all fees, charges and other Obligations payable hereunder and under the other Loan Documents, shall immediately become due and payable without presentment, demand, protest or notice of any kind, and the obligation of the Bank to extend further credit pursuant to any of the terms hereof shall immediately terminate. In addition, the Bank may exercise any and all remedies available to it under the Loan Documents or applicable law.

Appears in 1 contract

Samples: Credit Agreement (Hub Group Inc)

Bankruptcy Defaults. When any Event of Default described in subsection (jSection 9.1(o) or (kSection 9.1(p) of Section 9.1 with respect to the Borrower has occurred and is continuing, then the Noteall Loans and all other Obligations then outstanding, including both principal and interestprincipal, interest and all fees, charges and other Obligations payable hereunder and under the other Loan Documents, shall be and become immediately become due and payable without presentment, demand, protest or notice of any kind, and the obligation of the Bank to extend further credit pursuant to this Agreement or any of the terms hereof other Loan Document shall immediately terminate. In addition, the Bank may exercise any and all remedies available to it under the Loan Documents or applicable law.

Appears in 1 contract

Samples: Credit Agreement (American Apparel, Inc)

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