Common use of Consequences of an Event of Default Clause in Contracts

Consequences of an Event of Default. (a) If an Event of Default specified in subsections (a) through (l) of Section 7.01 of this Agreement occurs, Bank will be under no further obligation to make Loans and may at its option demand the unpaid principal amount of the Notes, interest accrued on the unpaid principal amount and all other amounts owing by any Borrower or the Guarantor under this Agreement, the Notes and the other Loan Documents to be immediately due and payable without presentment, demand, protest or further notice of any kind, all of which are expressly waived, and an action for any amounts due shall accrue immediately.

Consequences of an Event of Default. (a) If an Event of Default specified in subsections (a) through (lI) of Section 7.01 of this Agreement occursoccurs and continues or exists, Bank the Lender will be under no further obligation to make Loans and may at its option demand the unpaid principal amount of the Notes, interest accrued on the unpaid principal amount thereof and all other amounts owing by any the Borrower or the Guarantor under this Agreement, the Notes and the other Loan Documents to be immediately due and payable without presentment, demand, protest or further demand or notice of any kind, all of which are expressly waived, and an action for any amounts due shall accrue immediately.

Consequences of an Event of Default. (a) If an Event of Default specified in subsections (a) through (l) of Section 7.01 of this Agreement occursoccurs and continues or exists, Bank the Lender will be under no further obligation to make Loans and may at its option demand the unpaid principal amount of the NotesNote, interest accrued on the unpaid principal amount and all other amounts owing by any the Borrower or the Guarantor under this Agreement, the Notes Note and the other Loan Documents to be immediately due and payable without presentment, demand, protest or further notice of any kind, all of which are expressly waived, and an action for any amounts due shall accrue immediately.

Consequences of an Event of Default. (a) If an Event of Default specified in subsections (a) through (lh) of Section 7.01 of this Agreement occursand subsections (a) through (n) of Section 7.01 of the Existing Loan Agreement occurs and continues or exists, Bank the Lender will be under no further obligation to make Loans and may at its option demand the unpaid principal amount of the Notes, interest accrued on the unpaid principal amount and all other amounts owing by any Borrower or the Guarantor Borrowers under this Agreement, the Notes and the other Loan Documents to be immediately due and payable without presentment, demand, protest or further notice of any kind, all of which are expressly waived, and an action for any amounts due shall accrue immediately.

Consequences of an Event of Default. (a) If an Event of Default specified in subsections (a) through (l) of Section 7.01 of this Agreement occursoccurs and continues or exists, Bank the Lender will be under no further obligation to make Loans and may at its option demand the unpaid principal amount of the NotesNote, interest accrued on the unpaid principal amount thereof and all other amounts owing by any the Borrower or the Guarantor under this Agreement, the Notes Note and the other Loan Documents to be immediately due and payable without presentment, demand, protest or further demand or notice of any kind, all of which are expressly waived, and an action for any amounts due shall accrue immediately.

Consequences of an Event of Default. (a) If an Event of Default specified in subsections (a) through (lq) of Section 7.01 of this Agreement occursoccurs and continues or exists beyond any applicable notice, cure or grace period, the Bank will be under no further obligation to make Loans and may at its option demand the unpaid principal amount of the Notes, interest accrued on the unpaid principal amount thereof and all other amounts owing by any Borrower or the Guarantor Borrowers under this Agreement, the Notes and the other Loan Documents to be immediately due and payable without presentment, demand, protest or further demand or notice of any kind, all of which are expressly waived, and an action for any amounts due shall accrue immediately.

Consequences of an Event of Default. (a) If an Event of Default specified in subsections (a) through (ln) of Section 7.01 of this Agreement occursoccurs and continues or exists, Bank the Lender will be under no further obligation to make Loans and may at its option demand the unpaid principal amount of the Notes, interest accrued on the unpaid principal amount and all other amounts owing by any Borrower or the Guarantor Borrowers under this Agreement, the Notes Notes, the Security Agreement, the Mortgages and the other Loan Documents to be immediately due and payable without presentment, demand, protest or further notice of any kind, all of which are expressly waived, and an action for any amounts due shall accrue immediately.

Consequences of an Event of Default. (a) If an Event of Default specified in subsections (a) through (lj) or (m) of Section 7.01 of this Agreement occursoccurs and continues or exists, the Bank will be under no further obligation to make Loans and may at its option demand the unpaid principal amount of the Notes, interest accrued on the unpaid principal amount and all other amounts owing by any the Borrower or the Guarantor under this Agreement, the Notes Notes, the Security Agreement and the other Loan Documents to be immediately due and payable without presentment, demand, protest or further notice of any kind, all of which are expressly waived, and an action for any amounts due shall accrue immediately.

Consequences of an Event of Default. (a) If an Event of Default specified in subsections (a) through (lk) of Section 7.01 of this Agreement occursoccurs and continues or exists, Bank the Lender will be under no further obligation to make Loans and may at its option demand the unpaid principal amount of the NotesNote, interest accrued on the unpaid principal amount thereof and all other amounts owing by any the Borrower or the Guarantor under this Agreement, the Notes Note and the other Loan Documents to be immediately due and payable without presentment, demand, protest or further demand or notice of any kind, all of which are expressly waived, and an action for any amounts due shall accrue immediately.