Common use of Bankruptcy, Insolvency or Reorganization Proceedings Clause in Contracts

Bankruptcy, Insolvency or Reorganization Proceedings. If an Event of Default specified under Section 9.1.14 [Involuntary Proceedings] or 9.1.15 [Voluntary Proceedings] shall occur, the Commitments shall automatically terminate and be of no further force and effect, the Agent and the Banks shall be under no further obligations to make Loans or issue Letters of Credit, as the case may be, and the unpaid principal amount of the Loans then outstanding and all interest accrued thereon, any unpaid fees and all other Indebtedness of the Borrower to the Banks hereunder and thereunder shall be immediately due and payable, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived; and

Appears in 6 contracts

Samples: Credit Agreement (New Jersey Resources Corp), Credit Agreement (New Jersey Resources Corp), Credit Agreement (New Jersey Resources Corp)

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Bankruptcy, Insolvency or Reorganization Proceedings. If an Event of Default specified under Section 9.1.14 8.1.13 [Involuntary Proceedings] or 9.1.15 8.1.14 [Voluntary Proceedings] shall occur, the Commitments shall automatically terminate and be of no further force and effect, the Agent and the Banks Lenders shall be under no further obligations to make Loans or issue Letters of Credithereunder, as the case may be, Commitments shall be terminated and the unpaid principal amount of the Loans then outstanding and all interest accrued thereon, any unpaid fees and all other Indebtedness of the Borrower to the Banks Lenders hereunder and thereunder shall be immediately due and payable, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived; and

Appears in 3 contracts

Samples: Credit Agreement (Penn Virginia Resource Partners L P), Credit Agreement (Penn Virginia Resource Partners L P), Credit Agreement (Penn Virginia Resource Partners L P)

Bankruptcy, Insolvency or Reorganization Proceedings. If an Event of Default specified under Section Sections 9.1.14 [Involuntary Proceedings] or 9.1.15 [Voluntary Proceedings] shall occur, the Commitments shall automatically terminate and be of no further force and effect, the Agent and the Banks Lenders shall be under no further obligations to make Loans or issue Letters of Credit, as the case may be, and the unpaid principal amount of the Loans then outstanding and all interest accrued thereon, any unpaid fees and all other Indebtedness of the Borrower to the Banks Lenders hereunder and thereunder shall be immediately due and payable, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived; and

Appears in 3 contracts

Samples: Credit Agreement (New Jersey Resources Corp), Credit Agreement (New Jersey Resources Corp), Credit Agreement (New Jersey Resources Corp)

Bankruptcy, Insolvency or Reorganization Proceedings. If an Event of Default specified under Section 9.1.14 8.01(m) [Involuntary Proceedings] or 9.1.15 Section 8.01(n) [Voluntary Proceedings] shall occur, the Commitments shall automatically terminate and be of no further force and effect, the Agent and the Banks shall be under no further obligations to make Revolving Credit Loans, Term Loans or issue Letters of Credit, as the case may be, Bid Loans hereunder and the unpaid principal amount of the Loans then outstanding and all interest accrued thereon, any unpaid fees and all other Indebtedness of the Borrower Borrowers to the Banks hereunder and thereunder shall be immediately due and payable, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived; and

Appears in 2 contracts

Samples: Credit Agreement (Assured Guaranty LTD), Credit Agreement (Ace LTD)

Bankruptcy, Insolvency or Reorganization Proceedings. If an Event of Default specified under Section 9.1.14 [Involuntary Proceedings] or 9.1.15 [Voluntary Proceedings] shall occur, the Commitments shall automatically terminate and be of no further force and effect, the Agent and the Banks Lenders shall be under no further obligations to make Loans or issue Letters of Credit, as the case may be, and the unpaid principal amount of the Loans then outstanding and all interest accrued thereon, any unpaid fees and all other Indebtedness of the Borrower to the Banks Lenders hereunder and thereunder shall be immediately due and payable, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived; and

Appears in 2 contracts

Samples: Credit Agreement (New Jersey Resources Corp), Credit Agreement (New Jersey Resources Corp)

Bankruptcy, Insolvency or Reorganization Proceedings. If an Event of Default specified under Section 9.1.14 8.1.14 [Involuntary Proceedings] or 9.1.15 8.1.15 [Voluntary Proceedings] shall occur, the Commitments shall automatically terminate and be of no further force and effect, the Agent and the Banks Lenders shall be under no further obligations obligation to make Revolving Credit Loans or Swing Loans hereunder or to issue Letters of Credit, as the case may be, Credit and the unpaid principal amount of the Loans then outstanding and all interest accrued thereon, any unpaid fees and all other Indebtedness of the Borrower to the Banks Lenders hereunder and thereunder shall be immediately due and payable, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived; and

Appears in 2 contracts

Samples: Credit Agreement (Arch Coal Inc), Pledge Agreement (Arch Coal Inc)

Bankruptcy, Insolvency or Reorganization Proceedings. If an Event of Default specified under Section 9.1.14 [Involuntary Proceedings] or 9.1.15 [Voluntary Proceedings] shall occur, the Commitments shall automatically terminate and be of no further force and effect, the Agent and the Banks Lenders shall be under no further obligations to make Loans or issue Letters of Credit, as the case may be, Term Loan and the unpaid principal amount of the Loans Term Loan then outstanding and all interest accrued thereon, any unpaid fees and all other Indebtedness of the Borrower to the Banks Lenders hereunder and thereunder shall be immediately due and payable, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived; and

Appears in 2 contracts

Samples: Credit Agreement (New Jersey Resources Corp), Assignment and Assumption Agreement (New Jersey Resources Corp)

Bankruptcy, Insolvency or Reorganization Proceedings. If an Event of Default specified under Section 9.1.14 [Involuntary Proceedings] or 9.1.15 [Voluntary Proceedings] shall occur, the Commitments shall automatically terminate Lenders and be of no further force and effect, the Agent and the Banks shall be under no further obligations obligation to make Loans or hereunder, the Issuing Lender shall be under no obligation to issue Letters of Credit, as the case may be, and the unpaid principal amount of the Loans then outstanding and all interest accrued thereon, any unpaid fees and all other Indebtedness of the Borrower to the Banks Lenders hereunder and thereunder shall be immediately due and payable, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived; and

Appears in 2 contracts

Samples: Credit Agreement (Rhino Resource Partners LP), Credit Agreement (Rhino Resource Partners, L.P.)

Bankruptcy, Insolvency or Reorganization Proceedings. If an Event of Default specified under Section 9.1.14 9.1.16 [Involuntary Proceedings] or 9.1.15 Section 9.1.17 [Voluntary Proceedings] shall occur, the Commitments shall automatically terminate and be of no further force and effect, the Agent and the Banks Lenders shall be under no further obligations to make Loans or hereunder and the Issuing Lenders shall be under no obligation to issue Letters of Credit, as the case may be, Credit and the unpaid principal amount of the Loans then outstanding and all interest accrued thereon, any unpaid fees and all other Indebtedness of the Borrower to the Banks Lenders hereunder and thereunder shall be immediately due and payable, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived; and

Appears in 2 contracts

Samples: Credit Agreement (Koppers Holdings Inc.), Assignment and Assumption Agreement (Koppers Holdings Inc.)

Bankruptcy, Insolvency or Reorganization Proceedings. If an Event of Default specified under Section 9.1.14 8.1.13 [Involuntary Proceedings] or 9.1.15 8.1.14 [Voluntary Proceedings] shall occur, the Revolving Credit Commitments shall automatically terminate and be of no further force and effect, the Agent and the Banks shall be under no further obligations to make Revolving Credit Loans or issue Letters of Credit, as the case may be, hereunder and the unpaid principal amount of the Revolving Credit Loans then outstanding and all interest accrued thereon, any unpaid fees and all other Indebtedness of the Borrower to the Banks hereunder and thereunder shall be immediately due and payable, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived; and

Appears in 1 contract

Samples: Credit Agreement (KPMG Consulting Inc)

Bankruptcy, Insolvency or Reorganization Proceedings. If an Event of Default specified under Section 9.1.14 8.1.14 [Involuntary Proceedings] or 9.1.15 8.1.15 [Voluntary Proceedings] shall occur, the Commitments shall automatically terminate and be of no further force and effect, the Agent and the Banks shall be under no further obligations obligation to make Loans or issue Letters of Credit, as the case may be, hereunder and the unpaid principal amount of the Loans then outstanding and all interest accrued thereon, any unpaid fees and all other Indebtedness of the Borrower to the Banks hereunder and thereunder shall be immediately due and payable, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived; and

Appears in 1 contract

Samples: Pledge Agreement (Arch Coal Inc)

Bankruptcy, Insolvency or Reorganization Proceedings. If an Event of Default specified under Section 9.1.14 9.1.13 [Involuntary Proceedings] or 9.1.15 9.1.14 [Voluntary Proceedings] shall occur, the Commitments shall automatically terminate and be of no further force and effect, the Agent and the Banks shall be under no further obligations to make Loans or issue Letters of Credit, as the case may be, hereunder and the unpaid principal amount of the Loans then outstanding and all interest accrued thereon, any unpaid fees and all other Indebtedness of the Borrower to the Banks hereunder and thereunder shall be immediately due and payable, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived; and

Appears in 1 contract

Samples: Credit Agreement (KPMG Consulting Inc)

Bankruptcy, Insolvency or Reorganization Proceedings. If an Event of Default specified under Section 9.1.14 8.1.14 [Involuntary Proceedings] or 9.1.15 8.1.15 [Voluntary Proceedings] shall occur, the Commitments shall automatically terminate and be of no further force and effectterminated, the Agent and the Banks shall be under no further obligations to make Loans or issue Letters of Credit, as the case may be, hereunder and the unpaid principal amount of the Loans then outstanding and all interest accrued thereon, any unpaid fees and all other Indebtedness of the Borrower to the Banks hereunder and thereunder shall be immediately due and payable, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived; and

Appears in 1 contract

Samples: Credit Agreement (Big Lots Inc)

Bankruptcy, Insolvency or Reorganization Proceedings. If an Event of Default specified under Section 9.1.14 8.1.14 [Involuntary Proceedings] or 9.1.15 8.1.15 [Voluntary Proceedings] shall occur, the Commitments shall automatically terminate Banks and be of no further force and effect, the Agent and the Banks shall be under no further obligations to make Loans hereunder or issue Letters of Credit, as the case may beme, and the unpaid principal amount of the Loans then outstanding and all interest accrued thereon, any unpaid fees and all other Indebtedness of the Borrower to the Agent and the Banks hereunder and thereunder shall be immediately due and payable, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived; and

Appears in 1 contract

Samples: Credit Agreement (Champion Enterprises Inc)

Bankruptcy, Insolvency or Reorganization Proceedings. If an Event of Default specified under Section 9.1.14 [Involuntary Proceedings] or 9.1.15 [Voluntary Proceedings] shall occur, the Commitments Commitment shall automatically terminate and be of no further force and effect, the Agent and the Banks Bank shall be under no further obligations to make Loans or issue Letters of Credit, as the case may be, and the unpaid principal amount of the Loans then outstanding and all interest accrued thereon, any unpaid fees and all other Indebtedness of the Borrower to the Banks hereunder and thereunder shall be immediately due and payable, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived; and

Appears in 1 contract

Samples: Credit Facility Agreement (New Jersey Resources Corp)

Bankruptcy, Insolvency or Reorganization Proceedings. If an Event of Default specified under 8.1.14 [Change of Control], Section 9.1.14 8.1.15 [Involuntary Proceedings] or 9.1.15 8.1.16 [Voluntary Proceedings] shall occur, the Commitments shall automatically terminate and be of no further force and effect, the Agent and the Banks shall be under no further obligations to make Revolving Credit Loans or issue Letters of Credit, as the case may be, hereunder and the unpaid principal amount of the Loans then outstanding and all interest accrued thereon, any unpaid fees and all other Indebtedness of the Borrower to the Banks hereunder and thereunder shall be immediately due and payable, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived; and

Appears in 1 contract

Samples: Credit Agreement (Viasys Healthcare Inc)

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Bankruptcy, Insolvency or Reorganization Proceedings. If an Event of Default specified under Section 9.1.14 8.01(m) [Involuntary Proceedings] or 9.1.15 Section 8.01(n) [Voluntary Proceedings] shall occur, the Commitments shall automatically terminate and be of no further force and effect, the Agent and the Banks shall be under no further obligations to make Revolving Credit Loans or issue Letters of Credit, as the case may be, Bid Loans hereunder and the unpaid principal amount of the Loans then outstanding and all interest accrued thereon, any unpaid fees and all other Indebtedness of the Borrower to the Banks hereunder and thereunder shall be immediately due and payable, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived; and

Appears in 1 contract

Samples: Credit Agreement (Ace LTD)

Bankruptcy, Insolvency or Reorganization Proceedings. If an Event of Default specified under Section 9.1.14 .01(m) [Involuntary Proceedings] or 9.1.15 Section 8.01(n) [Voluntary Proceedings] shall occur, the Commitments shall automatically terminate and be of no further force and effect, the Agent and the Banks shall be under no further obligations to make Revolving Credit Loans, Term Loans or issue Letters of Credit, as the case may be, Bid Loans hereunder and the unpaid principal amount of the Loans then outstanding and all interest accrued thereon, any unpaid fees and all other Indebtedness of the Borrower Borrowers to the Banks hereunder and thereunder shall be immediately due and payable, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived; and

Appears in 1 contract

Samples: Credit Agreement (Assured Guaranty LTD)

Bankruptcy, Insolvency or Reorganization Proceedings. If an Event of Default specified under Section 9.1.14 Section8.1.14 [Involuntary Proceedings] or 9.1.15 8.1.15 [Voluntary Proceedings] shall occur, the Commitments shall automatically terminate Banks and be of no further force and effect, the Agent and the Banks shall be under no further obligations to make Loans hereunder or issue Letters of Credit, as the case may beme, and the unpaid principal amount of the Loans then outstanding and all interest accrued thereon, any unpaid fees and all other Indebtedness of the Borrower to the Agent and the Banks hereunder and thereunder shall be immediately due and payable, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived; and

Appears in 1 contract

Samples: Credit Agreement (Champion Enterprises Inc)

Bankruptcy, Insolvency or Reorganization Proceedings. If an Event of Default specified under Section 9.1.14 [Involuntary Proceedings] or 9.1.15 [Voluntary Proceedings] shall occur, the Commitments shall automatically terminate and be of no further force and effect, the Agent Lenders and the Banks Administrative Agent shall be under no further obligations obligation to make Loans or hereunder and the Issuing Lender shall be under no obligation to issue Letters of Credit, as the case may be, Credit and the unpaid principal amount of the Loans then outstanding and all interest accrued thereon, any unpaid fees and all other Indebtedness of the Borrower to the Banks Lenders hereunder and thereunder shall be immediately due and payable, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived; and

Appears in 1 contract

Samples: Credit Agreement (Rhino Resource Partners LP)

Bankruptcy, Insolvency or Reorganization Proceedings. If an Event of Default specified under Section 9.1.14 9.1.13 [Involuntary Proceedings] or 9.1.15 9.1.14 [Voluntary Proceedings] shall occur, the Commitments shall automatically terminate and be of no further force and effect, the Agent and the Banks shall (a) be under no further obligations to make Loans or issue Letters of Credit, as the case may be, Credit hereunder and the unpaid principal amount of the Loans then outstanding and all interest accrued thereon, any unpaid fees and all other Indebtedness Obligations of the Borrower to the Banks hereunder and thereunder shall be immediately due and payable, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waivedwaived and (b) shall Cash Collateralize all Letters of Credit; and

Appears in 1 contract

Samples: Credit Agreement (Federated Investors Inc /Pa/)

Bankruptcy, Insolvency or Reorganization Proceedings. If an Event of Default specified under Section 9.1.14 9.1.13 [Involuntary Proceedings] or 9.1.15 9.1.14 [Voluntary Proceedings] shall occur, the Commitments shall automatically terminate and be of no further force and effect, the Agent and the Banks Lenders shall be under no further obligations to make Loans or issue Letters of Credithereunder, as the case may beCommitments shall be terminated, and the unpaid principal amount of the Loans then outstanding and all interest accrued thereon, any unpaid fees and all other Indebtedness of the Borrower to the Banks Lenders hereunder and thereunder shall be immediately due and payable, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived; and

Appears in 1 contract

Samples: Credit Agreement (Penn Virginia Resource Partners L P)

Bankruptcy, Insolvency or Reorganization Proceedings. If an Event of Default specified under Section 9.1.14 8.1.14 [Involuntary Proceedings] or 9.1.15 8.1.15 [Voluntary Proceedings] shall occur, the Commitments shall automatically terminate and be of no further force and effect, the Agent and the Banks Lenders shall be under no further obligations obligation to make Term Loans or issue Letters of Credit, as the case may be, hereunder and the unpaid principal amount of the Term Loans then outstanding and all interest accrued thereon, any unpaid fees and all other Indebtedness of the Borrower to the Banks Lenders hereunder and thereunder shall be immediately due and payable, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived, and loans by the Borrower to the Parent shall automatically be prohibited; and

Appears in 1 contract

Samples: Note Pledge Agreement (Arch Coal Inc)

Bankruptcy, Insolvency or Reorganization Proceedings. If an Event of Default specified under Section 9.1.14 [Involuntary Proceedings] or 9.1.15 [Voluntary Proceedings] shall occur, the Commitments shall automatically terminate and be of no further force and effect, the Agent and the Banks Lenders shall be under no further obligations obligation to make Revolving Credit Loans or Swing Loans hereunder or to issue Letters of Credit, as the case may be, Credit and the unpaid principal amount of the Loans then outstanding and all interest accrued thereon, any unpaid fees and all other Indebtedness of the Borrower to the Banks Lenders hereunder and thereunder shall be immediately due and payable, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived; and

Appears in 1 contract

Samples: Credit Agreement (Arch Coal Inc)

Bankruptcy, Insolvency or Reorganization Proceedings. If an Event of Default specified under Section 9.1.14 8.1.14 [Involuntary Proceedings] or 9.1.15 8.1.15 [Voluntary Proceedings] shall occur, the Commitments shall automatically terminate and be of no further force and effect, the Agent and the Banks Lenders shall be under no further obligations to make Term Loans or issue Letters of Credit, as the case may be, hereunder and the unpaid principal amount of the Term Loans then outstanding and all interest accrued thereon, any unpaid fees and all other Indebtedness of the Borrower to the Banks Lenders hereunder and thereunder shall be immediately due and payable, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived, and loans by the Borrower or any Subsidiary of the Borrower to the Parent shall automatically be prohibited; and

Appears in 1 contract

Samples: Credit Agreement (Mountain Coal Co LLC)

Bankruptcy, Insolvency or Reorganization Proceedings. If an Event of Default specified under Section 9.1.14 9.1.16 [Involuntary Proceedings] or 9.1.15 Section 9.1.17 [Voluntary Proceedings] shall occur, the Commitments shall automatically terminate and be of no further force and effect, the Agent and the Banks Lenders shall be under no further obligations to make Loans or hereunder and the Issuing Lenders shall be under no obligation to issue Letters of Credit, as the case may be, Credit 107 and the unpaid principal amount of the Loans then outstanding and all interest accrued thereon, any unpaid fees and all other Indebtedness of the Borrower to the Banks Lenders hereunder and thereunder shall be immediately due and payable, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived; and

Appears in 1 contract

Samples: Credit Agreement (Koppers Holdings Inc.)

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