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

Bankruptcy, Insolvency or Reorganization Proceedings. If an Event of Default specified under Section 8.1.14 [Involuntary Proceedings] or 8.1.15 [Voluntary Proceedings] shall occur, the Lenders shall be under no further obligations to make Loans or issue Letters of Credit 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 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 the Borrower shall upon such occurrence, deposit in an interest-bearing account with the Agent, as cash collateral for its Obligations under the Loan Documents, an amount equal to the maximum amount currently or at any time thereafter available to be drawn on all outstanding Letters of Credit, and the Borrower hereby pledges to the Agent and the Lenders, and grants to the Agent and the Lenders a security interest in, all such cash as security for such Obligations; and

Bankruptcy, Insolvency or Reorganization Proceedings. If an Event of Default specified under Section 8.1.14 9.1.11 [Involuntary Proceedings] or 8.1.15 [Voluntary Relief Proceedings] shall occur, the Lenders shall be under no further obligations to make Loans or hereunder and the Issuing Lender shall be under no obligation to issue Letters of Credit hereunder and the unpaid principal amount of the Loans then outstanding and all interest accrued thereonthereon and any Unpaid Drawings, any unpaid fees and all other Indebtedness of the Borrower Borrowers to the 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 waived, and the Borrower Borrowers shall upon such occurrence, immediately deposit in an a non-interest-bearing account with the Administrative Agent, as cash collateral for its Obligations under the Loan Documents, an amount equal to the maximum amount currently or at any time thereafter available to be drawn on all outstanding Letters of Credit, and the Borrower Borrowers hereby pledges to the Administrative Agent and the Lenders, and grants to the Administrative Agent and the Lenders a security interest in, all such cash as security for such Obligations; and

Bankruptcy, Insolvency or Reorganization Proceedings. If an Event of Default specified under Section 8.1.14 9.1.11 [Involuntary Proceedings] or 8.1.15 [Voluntary Relief Proceedings] shall occur, the Lenders shall be under no further obligations to make Loans or hereunder and the Issuing Lender shall be under no obligation to issue Letters of Credit hereunder and the unpaid principal amount of the Loans then outstanding and all interest accrued thereon, the Unpaid Drawings, any unpaid fees and all other Indebtedness of the Borrower Borrowers to the 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 waived, and the Borrower Borrowers shall upon such occurrence, immediately deposit in an a non-interest-bearing account with the Administrative Agent, as cash collateral for its Obligations under the Loan Documents, an amount equal to the maximum amount currently or at any time thereafter available to be drawn on all outstanding Letters of Credit, and the Borrower Borrowers hereby pledges to the Administrative Agent and the Lenders, and grants to the Administrative Agent and the Lenders a security interest in, all such cash as security for such Obligations; and

Bankruptcy, Insolvency or Reorganization Proceedings. If (i) an Event of Default (other than an Aerostructures Filing Event of Default) specified under subsections 9.1.14 or 9.1.15 of Section 8.1.14 [Involuntary Proceedings] or 8.1.15 [Voluntary Proceedings] 9.1 shall occuroccur and be continuing, the Lenders Banks shall be under no further obligations to make Loans or hereunder and the Issuing Bank shall be under no obligation to issue Letters of Credit hereunder and the unpaid principal amount of the Loans Notes then outstanding and all interest accrued thereon, any unpaid fees and all other Indebtedness of the Borrower Borrowers to the Lenders 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 or (ii) an Aerostructures Filing Event of Default specified under subsection 9.1.15 of Section 9.1 shall occur and the Borrower shall upon such occurrencebe continuing, deposit in an interest-bearing account with the Agent, as cash collateral for its Obligations under the Loan Documents, an amount equal respect to the maximum Aerostructures Filing Entities only, the unpaid principal amount currently or at of the Term Loan then outstanding and all interest accrued thereon, any time thereafter available to be drawn on unpaid fees and all outstanding Letters other Indebtedness of Credit, and the Borrower hereby pledges Aerostructures Filing Entities to the Agent Banks hereunder shall be immediately due and the Lenderspayable, and grants to the Agent and the Lenders a security interest inwithout presentment, demand, protest or notice of any kind, all such cash as security for such Obligationsof which are hereby expressly waived; and

Bankruptcy, Insolvency or Reorganization Proceedings. If an Event of Default specified under Section 8.1.14 9.1.10 [Involuntary Proceedings] or 8.1.15 [Voluntary Relief Proceedings] shall occur, the Lenders shall be under no further obligations to make Loans or hereunder and the Issuing Lender shall be under no obligation to issue Letters of Credit hereunder and the unpaid principal amount of the Loans then outstanding and all interest accrued thereonthereon and any Unpaid Drawings, any unpaid fees and all other Indebtedness of the Borrower Borrowers to the 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 waived, and the Borrower Borrowers shall upon such occurrence, immediately deposit in an a non-interest-bearing account with the Administrative Agent, as cash collateral for its Obligations under the Loan Documents, an amount equal to the maximum amount currently or at any time thereafter available to be drawn on all outstanding Letters of Credit, and the Borrower Borrowers hereby pledges to the Administrative Agent and the Lenders, and grants to the Administrative Agent and the Lenders a security interest in, all such cash as security for such Obligations; and

Bankruptcy, Insolvency or Reorganization Proceedings. If an Event of Default specified under Section 8.1.14 8.1.13 [Involuntary Proceedings] or 8.1.15 8.1.14 [Voluntary Proceedings] shall occur, the Lenders Commitments shall automatically terminate and be of no further force and effect, the Banks shall be under no further obligations to make Loans or issue Letters of Credit 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 Lenders 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 waived; and the Borrower Loan Parties shall upon such occurrencethereupon, deposit in an a non-interest-bearing account with the Administrative Agent, as cash collateral for its Obligations under the Loan Documents, an amount equal to the maximum amount currently or at any time thereafter available to be drawn on all outstanding Letters of Credit, and the Borrower Loan Parties hereby pledges pledge to the Administrative Agent and the LendersBanks, and grants grant to the Administrative Agent and the Lenders Banks a security interest in, all such cash as security for such Obligations. Upon the curing of all existing Events of Default to the satisfaction of the Required Banks, the Administrative Agent shall return such cash collateral to the Borrower; and

Bankruptcy, Insolvency or Reorganization Proceedings. If an Event of Default specified under Section 8.1.14 [Involuntary Proceedings] or 8.1.15 [Voluntary Proceedings] shall occur, the Lenders Banks shall be under no further obligations to make Loans or issue Letters of Credit 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 Lenders 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 the Borrower shall upon such occurrence, deposit in an interest-bearing account with the Agent, as cash collateral for its Obligations under the Loan Documents, an amount equal to the maximum amount currently or at any time thereafter available to be drawn on all outstanding Letters of Credit, and the Borrower hereby pledges to the Agent and the LendersBanks, and grants to the Agent and the Lenders Banks a security interest in, all such cash as security for such Obligations; and