Common use of Optional Acceleration of Maturity Clause in Contracts

Optional Acceleration of Maturity. If any Event of Default (other than an Event of Default pursuant to paragraph (e) of Section 7.01) shall have occurred and be continuing, then, and in any such event the Administrative Agent (a) shall at the request, or may without the consent, of the Majority Lenders, by notice to the Borrower, declare the obligation of each Lender to make Loans to be terminated, whereupon the same shall forthwith terminate, and (b) shall at the request, or may without the consent, of the Majority Lenders, by notice to the Borrower, declare the Loans, all interest thereon, and all other amounts payable under this Agreement and the Instruments to be forthwith due and payable, whereupon the Loans, all such interest, and all such other amounts shall become and be forthwith due and payable in full, without presentment, demand, protest, or further notice of any kind (including, without limitation, any notice of intent to accelerate or notice of acceleration), all of which are hereby expressly waived by the Borrower.

Optional Acceleration of Maturity. If any Event of Default (other than an Event of Default pursuant to paragraph (e) of Section 7.01) shall have occurred and be continuing, then, and in any such event the Administrative Agent (ai) shall at the requestrequest of, or may without with the consentconsent of, of the Majority LendersBanks, by notice to the BorrowerBorrowers, declare the obligation of each Lender Bank to make Loans Advances to be terminated, whereupon the same shall forthwith terminate, and (bii) shall at the requestrequest of, or may without with the consentconsent of, of the Majority LendersBanks, by notice to the BorrowerBorrowers, declare the LoansNotes, all interest thereon, and all other amounts payable under this Agreement and the Instruments to be forthwith due and payable, whereupon the LoansNotes, all such interest, and all such other amounts shall become and be forthwith due and payable in full, without presentment, demand, protest, protest or further notice of any kind (including, without limitation, any notice of intent to accelerate or notice of acceleration), all of which are hereby expressly waived by the Borrower.Borrowers;

Optional Acceleration of Maturity. If any Event of Default (other than an Event of Default pursuant to paragraph (e) of Section 7.01) shall have occurred and be continuing, then, and in any such event the Administrative Agent (ai) shall at the request, or may without the consent, of the Majority Lenders, by notice to the Borrower, declare the obligation of each Lender to make Loans to be terminated, whereupon the same shall forthwith terminate, and (bii) shall at the request, or may without the consent, of the Majority Lenders, by notice to the Borrower, declare the Loans, all interest thereon, and all other amounts payable under this Agreement and the Instruments any Instrument to be forthwith due and payable, whereupon the Loans, all such interest, and all such other amounts shall become and be forthwith due and payable in full, without presentment, demand, protest, or further notice of any kind (including, without limitation, any notice of intent to accelerate or notice of acceleration), all of which are hereby expressly waived by the Borrower.

Optional Acceleration of Maturity. If any Event of Default (other than an Event of Default pursuant to paragraph (e) of Section 7.017.1) shall have occurred and be continuing, then, and in any such event event, the Administrative Agent (a) shall at the request, or may without with the consent, of the Majority Lenders, by notice to the Borrower, declare the obligation of each Lender to make Loans Advances to be terminated, whereupon the same shall forthwith terminate, and (b) shall at the request, or may without with the consent, of the Majority Lenders, by notice to the Borrower, declare the Loansall Obligations, including all interest thereon, and all other amounts payable under this Agreement and the Instruments Agreement, to be forthwith due and payable, whereupon the Loans, all such interest, and all such other amounts Obligations shall become and be forthwith due and payable in full, without presentment, demand, protest, protest or further notice of any kind (including, without limitation, including any notice of intent to accelerate or notice of acceleration), all of which are hereby expressly waived by the Borrower.

Optional Acceleration of Maturity. If any Event of Default (other than an Event of Default pursuant to paragraph (e) of Section 7.01) shall have occurred and be continuing, then, and in any such event event, the Administrative Agent (ai) shall at the request, or may without with the consent, of the Majority LendersBanks, by notice to the Borrower, declare the obligation of each Lender Bank to make Loans Advances to be terminated, whereupon the same shall forthwith terminate, and (bii) shall at the request, or may without with the consent, of the Majority LendersBanks, by notice to the Borrower, declare the LoansNotes, all interest thereon, and all other amounts payable under this Agreement and the Instruments to be forthwith due and payable, whereupon the LoansNotes, all such interest, and all such other amounts shall become and be forthwith due and payable in full, without presentment, demand, protest, protest or further notice of any kind (including, without limitation, any notice of intent to accelerate or notice of acceleration), all of which are hereby expressly waived by the Borrower.