Common use of Bankruptcy Defaults Clause in Contracts

Bankruptcy Defaults. When any Event of Default described in subsections (e) or (f) of Section 8.1 hereof has occurred and is continuing, then all outstanding Notes shall immediately become due and payable together with all other amounts payable under the Credit Documents without presentment, demand, protest or notice of any kind and the obligation of the Banks to extend further credit pursuant to any of the terms hereof shall immediately terminate.

Appears in 3 contracts

Samples: Credit Agreement (NRG Energy Inc), Credit Agreement (NRG Energy Inc), Credit Agreement (NRG Energy Inc)

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Bankruptcy Defaults. When any Event of Default described in subsections (ei) or (fj) of Section 8.1 9.1 hereof has occurred and is continuing, then all outstanding Notes shall immediately become due and payable together with all other amounts payable under the Credit Documents this Agreement without presentment, demand, protest or notice of any kind kind, and the obligation of the Banks to extend further credit pursuant to any of the terms hereof shall immediately terminate.

Appears in 3 contracts

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

Bankruptcy Defaults. When any Event of Default described in subsections (e), (f) or (fg) of Section 8.1 hereof has occurred and is continuing, then all outstanding Notes shall immediately and automatically become due and payable together with all other amounts payable under the Credit Documents without presentment, demand, protest or notice of any kind and the obligation of the Banks to extend further credit pursuant to any of the terms hereof shall immediately and automatically terminate.

Appears in 3 contracts

Samples: Credit Agreement (NRG Energy Inc), Credit Agreement (NRG Energy Inc), Credit Agreement (NRG Energy Inc)

Bankruptcy Defaults. When any Event of Default described in subsections (el) or (fm) of Section 8.1 11.1 hereof has occurred and is continuing, then all outstanding Notes Obligations payable hereunder shall immediately become due and payable together with all other amounts payable under the Credit Documents without presentment, demand, protest or notice of any kind kind, and the obligation of the Banks to extend further credit pursuant to any of the terms hereof shall immediately terminate.

Appears in 2 contracts

Samples: Credit Agreement (Titan International Inc), Titan Wheel International Inc

Bankruptcy Defaults. When any Event of Default described in subsections (ef) or (fg) of Section 8.1 hereof has occurred and is continuingoccurred, then all outstanding Notes Notes, including both interest and principal thereon, and all other Obligations shall immediately become due and payable together with all other amounts payable under the Credit Documents without presentment, demand, protest or notice of any kind and the obligation of the Banks to extend further credit pursuant to any of the terms hereof shall immediately terminatekind.

Appears in 1 contract

Samples: Term Credit Agreement (Black Hills Corp /Sd/)

Bankruptcy Defaults. When any Event of Default described in subsections subsection (e) or (f) of Section 8.1 hereof has occurred and is continuing, then the Notes, including both principal and interest, and all outstanding Notes other Obligations payable under the Loan Documents, shall immediately become due and payable together with all other amounts payable under the Credit Documents without presentment, demand, protest or notice of any kind kind, and the obligation of the Banks 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 (Midwestone Financial Group Inc)

Bankruptcy Defaults. When any Event of Default described in subsections (ef) or (fg) of Section 8.1 hereof 7.1 has occurred and is continuingcontinuing with respect to the Borrower, then all outstanding Notes (i) the Note shall immediately become due and payable together with all other amounts payable under the Credit Documents without presentment, demand, protest or notice of any kind kind, each of which is expressly waived by the Borrower; and the obligation (ii) all obligations of the Banks Lender to extend further credit pursuant to any of the terms hereof shall immediately terminate.

Appears in 1 contract

Samples: Credit Agreement (Elgin Technologies Inc)

Bankruptcy Defaults. When any Event of Default described in subsections (ef) or (fg) of Section 8.1 hereof has occurred and is continuing, then all outstanding Notes shall immediately become due and payable together with all other amounts payable under the Credit Documents without presentment, demand, protest or notice of any kind kind, and the obligation of the Banks to extend further credit pursuant to any of the terms hereof shall immediately terminate.

Appears in 1 contract

Samples: Credit Agreement (Jones Lang Lasalle Inc)

Bankruptcy Defaults. When any Event of Default described in subsections subsection (el) or (fm) of Section 8.1 9.1 hereof has occurred and is continuing, then all outstanding Notes shall immediately become due and payable together with all other amounts payable under the Credit Loan Documents without presentment, demand, protest or notice of any kind and kind, the obligation of the Banks Lenders to extend further credit pursuant to any of the terms hereof shall immediately terminate.

Appears in 1 contract

Samples: Credit Agreement (Harrington West Financial Group Inc/Ca)

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Bankruptcy Defaults. When any Event of Default described in subsections (ei) or (fj) of Section 8.1 9.1 hereof has occurred and is continuing, then all outstanding Notes shall immediately become due and payable together with all other amounts payable under the Credit Loan Documents without presentment, demand, protest or notice of any kind and kind, the obligation of the Banks Lenders to extend further credit pursuant to any of the terms hereof shall immediately terminate.

Appears in 1 contract

Samples: Credit Agreement (Stake Technology LTD)

Bankruptcy Defaults. When any Event of Default described in subsections (ef) or (fg) of Section 8.1 hereof 7.1 has occurred and is continuingcontinuing with respect to the Borrower, then all outstanding Notes shall immediately become due and payable together with all other accrued amounts payable under the Credit Documents without presentment, demand, protest or notice of any kind kind, each of which is expressly waived by the Borrower; and the obligation all obligations of the Banks to extend further credit pursuant to any of the terms hereof Lenders shall immediately terminate.

Appears in 1 contract

Samples: Credit Agreement (Transocean Sedco Forex Inc)

Bankruptcy Defaults. When any Event of Default described in subsections subsection (eg) or (fh) of Section 8.1 hereof 7.1 has occurred and is continuingcontinuing with respect to the Borrower, then all outstanding Notes shall immediately become due and payable together with all other accrued amounts payable under the Credit Documents without presentment, demand, protest or notice of any kind kind, each of which is expressly waived by the Borrower; and the obligation all obligations of the Banks Lenders to extend further credit Credit pursuant to any of the terms hereof shall immediately terminate.

Appears in 1 contract

Samples: Secured Credit Agreement (Transocean Offshore Inc)

Bankruptcy Defaults. When any Event of Default described in subsections (e7) or (f) 8) of Section 8.1 hereof has occurred and is continuing, then all outstanding Notes the Note shall immediately become due and payable together with all other amounts payable under the Credit Documents without presentment, demand, protest or notice of any kind and kind, the obligation of the Banks Lender to extend further credit pursuant to any of the terms hereof shall immediately terminate.

Appears in 1 contract

Samples: Credit Agreement (Battle Mountain Gold Co)

Bankruptcy Defaults. When any Event of Default described in subsections (eg) or (fh) of Section 8.1 6.1 hereof has occurred and is continuing, then all outstanding Notes shall immediately become due and payable together with all other amounts payable under the Credit Loan Documents without presentment, demand, protest or notice of any kind and kind, the obligation of the Banks Lenders to extend further credit pursuant to any of the terms hereof shall immediately terminate.

Appears in 1 contract

Samples: Credit Agreement (Health Care Reit Inc /De/)

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