Consequence of Event of Default. Lender shall not be obligated to disburse Restoration Proceeds or amounts from the Restoration Holdback when an Event of Default exists, and upon the occurrence of an Event of Default, any undisbursed portion of the Restoration Proceeds (including the Restoration Deficiency Deposit and the Restoration Holdback) may, at Lender's option, be applied against the Loan, whether or not then due or accelerated, in such order and manner as Lender determines.
Consequence of Event of Default. In case any Event of Default shall have occurred, the Borrower shall promptly take any and all necessary actions to cure the default; in the event that the Borrower fails to cure the default within thirty (30) days after the occurrence of such default (“Cure Period”), Lender may take any or all of the following actions, at the same time or at different times:
Consequence of Event of Default. In case any Event of Default shall have occurred, then and in every such Event of Default, Bank may take any or all of the following actions, at the same time or at different times, provided that upon the occurrence of an Event of Default under Section 8.5 hereof the Facilities shall automatically terminate and all Obligations shall automatically be immediately due and payable;
Consequence of Event of Default. In case any Event of Default shall have occurred, then and in every such Event of Default, the Lenders may take any or all of the following actions, at the same time or at different times:
Consequence of Event of Default. On and at any time after the occurrence of an Event of Default, IHFL may, with or without any notice to any of the Borrower(s) and with or without the intervention of the court/arbitrator, (i) cancel/recall the Loan whereupon the Borrower's Dues shall become immediately repayable/payable by the Borrower(s); and/or (ii) initiate/exercise any or all of its rights, actions, remedies and powers under the Loan Documents and/or applicable laws; and/or (iii) enforce, allot, sell, invoke, deliver, deal with, take possession, convey, transfer, assign, lease, sub-lease, encumber and/or dispose off in any manner (including by private treaty and/or auction), on such terms and conditions including the sale/transfer price of the Security or any part/unit thereof as deemed fit by IHFL, any/ all/part of the Security including the guarantees and/or the demand promissory notes, and/or do such other things in relation to and/or with respect to the Security (any part thereof) which may be permitted under law. If the net sum realized through the enforcement/sale/ transfer of Security is insufficient to cover the Borrower's Dues, then without prejudice to the other rights and remedies of IHFL under the Loan Documents and/or in law, the Borrower(s) agree(s) and undertake(s) to pay to IHFL forthwith at IHFL's demand such amount as will make up the shortfall. The decision made by IHFL with respect to any matter under the Loan Documents shall be final and binding on the Borrower(s). If any Event of Default or any event which, after the notice or lapse of time or both would constitute an Event of Default shall have happened, the Borrower shall forthwith give IHFL notice thereof in writing specifying such Event of Default, or such event. The Borrower shall also promptly inform IHFL if and when any statutory notice of winding-up under the provisions of the applicable laws or of any suit or legal process intended to be filed / initiated against the Borrower(s) is received by the Borrower(s). On the question whether any of the above events/circumstances has occurred/ happened, the decision of IHFL shall be final, conclusive and binding on the Borrower. However, IHFL will act in a reasonable manner while exercising any such discretion given to IHFL under this Agreement. The rights, powers and remedies given to IHFL by this Agreement shall be in addition to all rights, powers and remedies given to IHFL by virtue of any other security, statute or rule of law. IHFL may exercise a IHFL's lie...
Consequence of Event of Default. If an Event of Default shall have occurred and be continuing, Lender may, by notice to Borrower, at any time and from time to time, do any one or more of the following:
Consequence of Event of Default. (a) Acceleration; Termination of the Credit Facility. Should any one or more of the above defined Events of Default occur and be continuing, the Bank may, at its option, terminate the Credit Facility and any commitments to the Borrower arising under this Agreement or otherwise, and the Bank may declare all Obligations (other than any obligation under any Hedging Agreement) to be immediately due and payable, regardless of the stated maturities thereof and the Borrower shall forthwith pay all Obligations without presentment, demand, protest, or notice of any kind, all of which are hereby expressly waived, anything conditioned herein or in any other document to the contrary notwithstanding. Should there occur an Event of Default described in Section 9.1(f), the Credit Facility and the commitments to the Borrower arising under this Agreement or otherwise shall automatically terminate and all Obligations shall automatically become immediately due and payable.
Consequence of Event of Default. In case any Event of Default shall have occurred and be continuing, then and in every such event of default, the Secured Party may take any or all of the following actions, either simultaneously or separately:
Consequence of Event of Default. UPON THE OCCURRENCE OR EXISTENCE OF ANY EVENT OF DEFAULT DESCRIBED IN PARAGRAPHS A THROUGH E OF THIS SECTION 4, IMMEDIATELY AND WITHOUT NOTICE, ALL AMOUNTS THEN OUTSTANDING UNDER THIS PROMISSORY NOTE SHALL AUTOMATICALLY BECOME IMMEDIATELY DUE AND PAYABLE, WITHOUT PRESENTMENT, DEMAND, PROTEST OR ANY OTHER NOTICE OF ANY KIND, ALL OF WHICH ARE HEREBY EXPRESSLY WAIVED. IN ADDITION TO THE FOREGOING REMEDIES, UPON THE OCCURRENCE OR EXISTENCE OF ANY EVENT OF DEFAULT, PAYEE MAY EXERCISE ANY OTHER RIGHT POWER OR REMEDY PERMITTED TO IT BY LAW.
Consequence of Event of Default. In case any Event of Default shall have occurred, then the Agent may in its discretion or, if instructed by the Required Banks, shall take any or all of the following actions, at the same time or at different times, provided that upon the occurrence of an Event of Default under Section 7.5 hereof the credit facilities under this Agreement shall automatically without notification or other action terminate and all Obligations shall automatically, without, demand, presentment, protest or notice of any kind (all of which are hereby waived by the Borrowers), be immediately due and payable:
