Common use of Debtor Relief Clause in Contracts

Debtor Relief. If a Default exists under Section 11.3, the commitment to extend credit under this agreement automatically terminates, the entire unpaid balance of the Obligation automatically becomes due and payable without any action of any kind whatsoever.

Appears in 5 contracts

Samples: Credit Agreement (Goodrich Petroleum Corp), Credit Agreement (Goodrich Petroleum Corp), Term Loan Agreement (Goodrich Petroleum Corp)

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Debtor Relief. If a an Event of Default exists under Section 11.310.3, the commitment to extend credit under this agreement automatically terminates, terminates and the entire unpaid principal balance of the Obligation Obligation, together with all interest accrued thereon, and all other amounts then accrued and unpaid, automatically becomes become and shall be due and payable without any action of any kind whatsoever.

Appears in 5 contracts

Samples: Credit Agreement (PMC Commercial Trust /Tx), Credit Agreement (PMC Commercial Trust /Tx), Credit Agreement (PMC Commercial Trust /Tx)

Debtor Relief. If a Default exists under Section SECTION 11.3, the commitment to extend credit under this agreement automatically terminates, and the entire unpaid balance of the Obligation automatically becomes due and payable without any action of any kind whatsoever.

Appears in 3 contracts

Samples: Credit Agreement (Affiliated Computer Services Inc), Credit Agreement (Affiliated Computer Services Inc), Credit Agreement (Affiliated Computer Services Inc)

Debtor Relief. If a Default exists (i) occurs under Section 11.310.3(c) or (ii) occurs and is continuing under Section 10.3(a), (b) or (d), the commitment to extend credit under this agreement Agreement automatically terminates, the entire unpaid balance of the Obligation automatically becomes due and payable without any action of any kind whatsoever.

Appears in 3 contracts

Samples: Credit Agreement (Prentiss Properties Trust/Md), Credit Agreement (Prentiss Properties Trust/Md), Credit Agreement (Prentiss Properties Trust/Md)

Debtor Relief. If a Default exists under Section SECTION 11.3, the commitment to extend credit under this agreement Agreement automatically terminates, and the entire unpaid balance of the Obligation automatically becomes due and payable without any action of any kind whatsoever.

Appears in 2 contracts

Samples: Credit Agreement (Affiliated Computer Services Inc), Credit Agreement (Affiliated Computer Services Inc)

Debtor Relief. If a an Event of Default exists under Section 11.3, the commitment to extend credit under this agreement Agreement automatically terminates, terminates and the entire unpaid principal balance of the Obligation Obligation, together with all interest accrued thereon, and all other amounts then accrued and unpaid, automatically becomes become and shall be due and payable without any action of any kind whatsoever.

Appears in 2 contracts

Samples: Credit Agreement (Ultrak Inc), Credit Agreement (Ultrak Inc)

Debtor Relief. If a an Event of Default exists under Section SECTION 11.3, the commitment to extend credit under this agreement automatically terminates, the entire unpaid balance of the Principal Debt and an accrued and unpaid portion of the remaining Obligation automatically becomes due and payable without any action of any kind whatsoever.

Appears in 2 contracts

Samples: Credit Agreement (Teppco Partners Lp), Credit Agreement (Teppco Partners Lp)

Debtor Relief. If a an Event of Default exists under Section SECTION 11.3, the commitment to extend credit under this agreement automatically terminates, terminates and the entire unpaid principal balance of the Obligation Obligation, together with all interest accrued thereon, and all other amounts then accrued and unpaid, automatically becomes become and shall be due and payable without any action of any kind whatsoever.

Appears in 2 contracts

Samples: Credit Agreement (Ultrak Inc), Credit Agreement (Ultrak Inc)

Debtor Relief. If a Default exists under Section 11.3SECTION 11.3(b) or 11.3(c), the commitment to extend credit under this agreement hereunder shall automatically terminates, terminate and the entire unpaid balance of the Obligation shall automatically becomes become due and payable without any action or notice of any kind whatsoever.. NBPLP CREDIT AGREEMENT

Appears in 1 contract

Samples: NBPLP Credit Agreement (Northern Border Partners Lp)

Debtor Relief. If a Default exists under Section 11.310.3(c) or 10.3(d), the commitment to extend credit under this agreement hereunder shall automatically terminates, terminate and the entire unpaid balance of the Obligation shall automatically becomes become due and payable without any action or notice of any kind whatsoever.

Appears in 1 contract

Samples: Credit Agreement (Dobson Communications Corp)

Debtor Relief. If a Default exists under Section SECTION 11.3, the commitment to extend credit under this agreement automatically terminates, the entire unpaid balance of the Obligation automatically becomes due and payable without any action of any kind whatsoever.

Appears in 1 contract

Samples: Credit Agreement (Magnetek Inc)

Debtor Relief. If a Default exists under Section 11.3SECTION 11.1(f) or 11.1(g), the commitment to extend credit under this agreement hereunder shall automatically terminates, terminate and the entire unpaid balance of the Obligation shall automatically becomes become due and payable without any action or notice of any kind whatsoever.

Appears in 1 contract

Samples: Senior Secured Term Loan Agreement (America West Holdings Corp)

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Debtor Relief. If a Default exists under Section SECTION 11.3, the commitment to extend credit under this agreement automatically terminates, the entire unpaid balance of the Obligation Obligations automatically becomes due and payable without any action of any kind whatsoever.

Appears in 1 contract

Samples: Credit Agreement (Pillowtex Corp)

Debtor Relief. If a Default exists under Section 11.3SECTION 10.3(C) or 10.3(D), the commitment to extend credit under this agreement hereunder shall automatically terminates, terminate and the entire unpaid balance of the Obligation shall automatically becomes become due and payable without any action or notice of any kind whatsoever.

Appears in 1 contract

Samples: Credit Agreement (Medical Assurance Inc)

Debtor Relief. If a Default exists under Section 11.312.1(g) or 12.1(h), the commitment to extend credit under this agreement hereunder shall automatically terminates, terminate and the entire unpaid balance of the Obligation shall automatically becomes become due and payable without any action or notice of any kind whatsoever.

Appears in 1 contract

Samples: Term Loan and Note Purchase Agreement (Sun Healthcare Group Inc)

Debtor Relief. If a an Event of Default exists under Section 11.3, the commitment to extend credit under this agreement automatically terminates, terminates and the entire unpaid principal balance of the Obligation Obligation, together with all interest accrued thereon, and all other amounts then accrued and unpaid, automatically becomes become and shall be due and payable without any action of any kind whatsoever.

Appears in 1 contract

Samples: Credit Agreement (PMC Commercial Trust /Tx)

Debtor Relief. If a Default exists under Section 11.39.3, the commitment to extend credit under this agreement automatically terminates, and the entire unpaid balance of the Obligation automatically becomes due and payable without any action of any kind whatsoever.

Appears in 1 contract

Samples: Credit Agreement (Northern Border Partners Lp)

Debtor Relief. If a an Event of Default exists under Section 11.3, the commitment to extend credit under this agreement automatically terminates, the entire unpaid balance of the Obligation automatically becomes due and payable without any action of any kind whatsoever.

Appears in 1 contract

Samples: Credit Agreement (Pier 1 Imports Inc/De)

Debtor Relief. If a an Event of Default exists under Section 11.3SECTION 10.6 or 10.7, the commitment to extend credit under this agreement hereunder shall automatically terminates, terminate and the entire unpaid balance of the Obligation shall automatically becomes become due and payable without any action or notice of any kind whatsoever.

Appears in 1 contract

Samples: Term Loan and Security Agreement (American Real Estate Partners L P)

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