EFFECT OF AN EVENT OF DEFAULT. If any Event of Default shall occur, except where otherwise provided in this Agreement or the Related Documents, all commitments and obligations of Lender under this Agreement or the Related Documents or any other agreement immediately will terminate (including any obligation to make further Loan Advances or disbursements), and at Lender’s option, all Indebtedness immediately will become due and payable, all without notice of any kind to Borrower, except that in the case of an Event of Default of the type described in the “Insolvency” subsection above, such acceleration shall be automatic and not optional. In addition, Lender shall have all the rights and remedies provided in the Related Documents or available at law, in equity, or otherwise. Except as may be prohibited by applicable law, all of Lender’s rights and remedies shall be cumulative and may be exercised singularly or concurrently. Election by Lender to pursue any remedy shall not exclude pursuit of any other remedy, and an election to make expenditures or to take action to perform an obligation of Borrower or of any Grantor shall not affect Lender’s rig to declare a default and to exercise its rights and remedies.
Sublandlord represents to Subtenant that # the Master Lease is in full force and effect; # the redacted copy of the Master Lease which is attached to this Sublease as Exhibit A is a true, correct and complete copy of the Master Lease; # no default exists on the part of Sublandlord, nor has there occurred any event which, with the giving of notice or passage of time or both, could constitute such a default or event of default under the Master Lease; # to Sublandlords actual knowledge, no default exists on the part of Master Landlord, nor has there occurred any event which, with the giving of notice or passage of time or both, could constitute such a default or event of default under the Master Lease; # Sublandlord is the Tenant under the Lease, has not assigned or subleased its rights to any other party and has full power and authority to sublease the Premises to Subtenant pursuant to the terms of this Sublease, subject to obtaining the consent of the Master Landlord; and, # except for those rights and benefits specifically excluded in this Sublease, and subject to Subtenants performance of the terms, conditions and covenants to be performed by Subtenant hereunder, Subtenant shall enjoy the same rights and benefits under the Master Lease that pertain to the Sublet Portion.
No Default. On the date any Increase Notice is given and on the date such increase becomes effective, both immediately before and after the Total Commitment is increased, there shall exist no Default or Event of Default; and
Except for matters which are not reasonably likely to have a Material Adverse Effect, all material licenses or other material agreements under which # the Company employs rights in Intellectual Property, or # the Company has granted rights to others in Intellectual Property owned or licensed by the Company are in full force and effect, and there is no default by the Company with respect thereto.
So long as no Event of Default shall have occurred and be continuing beyond any applicable grace or cure periods, and until Lender shall have given written notice to the relevant Grantor of Lender’s intent to exercise its rights pursuant to Section 5.01(c) hereof following the occurrence and continuance beyond any applicable grace or cure period of an Event of Default:
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"Defaulted Receivable" means a Purchased Receivable in respect of which there is a Permitted Obligor Default.
The Owner owns the Contract and is entitled to exercise the rights incident to ownership. You are the Owner of this Contract. There may be Joint Owners; however, if there is more than one Owner, both Owners must agree to any exercise of the rights under this Contract.
Ownership/Management. There shall be no change in the President or Board of Directors of Borrower without Lender’s written consent.
“Fronting Exposure” means, at any time there is a Defaulting Lender that is a Revolving Lender, # with respect to the L/C Issuer, such Defaulting Lender’s Applicable Percentage of the outstanding L/C Obligations other than L/C Obligations as to which such Defaulting Lender’s participation obligation has been reallocated to other Revolving Lenders or Cash Collateralized in accordance with the terms hereof, and # with respect to the Swingline Lender, such Defaulting Lender’s Applicable Percentage of Swingline Loans other than Swingline Loans as to which such Defaulting Lender’s participation obligation has been reallocated to other Revolving Lenders or Cash Collateralized in accordance with the terms hereof.
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