Example ContractsClausesAcceleration of Obligations
Acceleration of Obligations
Acceleration of Obligations contract clause examples

Acceleration of Obligations. Upon the occurrence of any event under Section 4.1(g), the unpaid principal balance of the Obligations, together with all interest accrued thereon and other amounts accrued hereunder and under the other Loan Documents, will thereupon be immediately due and payable, all without presentation, demand, protest or notice of any kind, all of which are hereby waived, and notwithstanding anything to the contrary contained herein or in any of the other Loan Documents. Upon the occurrence of any of the events identified in [Sections 4.1(a) through 4.1(f)] and paragraph 4.1(h), and the passage of any applicable cure periods, Bank may at any time thereafter, by written notice to Borrower, declare the unpaid principal balance of any Obligations, together with the interest accrued thereon and other amounts accrued hereunder and under the other Loan Documents, to be immediately due and payable; and the unpaid balance will thereupon be due and payable, all without presentation, demand, protest or further notice of any kind, all of which are hereby waived, and notwithstanding anything to the contrary contained herein or in any of the other Loan Documents. Nothing contained in Section 4.1, Section 4.2 or this section will limit Bank's right to Setoff as provided in Section

Upon the occurrence of an Event of Default which is continuing, any Lender which has issued or made a Bankers' Acceptance or BA Equivalent Note may make a Canadian Prime Rate Loan to the Borrower in an amount equal to the face amount of such Bankers' Acceptance or BA Equivalent Note; and the proceeds of any such Loan shall be held by such Lender and used to satisfy the Lender's obligations under the said Bankers' Acceptance or BA Equivalent Note as such becomes due, or to effect the unwinding of such Hedging Agreement. Any such Loan shall bear interest only after the maturity date of such Bankers’ Acceptance or BA Equivalent Note at the rate and in the manner applicable to Canadian Prime Rate Loans under Facility A.

Acceleration of Secured Obligations. Lender may, without notice or demand, declare all of the Secured Obligations immediately due and payable in full.

. Except as expressly required under Legal Requirements, Administrative Agent may, without notice or demand, declare all of the Secured Obligations immediately due and payable in full.

Acceleration of Obligations. If # any Guarantor which is a natural person shall die, # any Guarantor which is a corporation, limited liability company, partnership, limited partnership or other legal entity shall cease to exist, # any event shall occur which results in or requires the liquidation, dissolution or winding up of any Guarantor which is a corporation, limited liability company, partnership, limited partnership or other legal entity, # any Guarantor shall become the subject of any incompetency, bankruptcy or insolvency proceedings, # any Guarantor which is a corporation, limited liability company, partnership, limited partnership or other legal entity shall amend its organizational documents in a manner that may conflict with any term or condition of the Loan Documents, or # the settlor of or any court having jurisdiction over any Guarantor which is a trust revokes such trust, in whole or part, or modifies the terms of such trust in a manner that may conflict with any term or condition of the Loan Documents; in any such case, Guarantor's liability hereunder to pay the Obligations shall become immediately due and payable whether or not the Obligations are then due and payable by Borrower or any other guarantor.

Acceleration. The Board may at any time provide that any Award shall become immediately exercisable in whole or in part, free of some or all restrictions or conditions, or otherwise realizable in whole or in part, as the case may be.

Acceleration. The Board may at any time provide that any Award shall become immediately exercisable in whole or in part, free from some or all restrictions or conditions or otherwise realizable in whole or in part, as the case may be.

Acceleration. To declare the entire unpaid principal amount of the Loan, accrued interest thereon and all other Obligations to be immediately due and payable, without presentment, demand, or notice of any kind, and to terminate any advances under the Loan;

Acceleration of Obligations. As between the Guarantor and the Secured Parties, the Borrower’s obligations under the Transaction Documents may be declared to be due and payable (and are deemed to have become automatically due and payable in the circumstances provided in the Loan and Servicing Agreement) while an Event of Default has occurred and is continuing for purposes of this Agreement notwithstanding any stay, injunction or other prohibition preventing such declaration (or such obligations from becoming automatically due and payable) as against a Loan Party and in the event of such declaration (or such obligations being deemed to have become automatically due and payable), such obligations (whether due and payable by the Loan Parties) immediately become due and payable by the Guarantor for purposes of this Agreement.

Acceleration of Obligations. Upon the occurrence of any event under Section 5.1(g), the unpaid principal balance of the Obligations, together with all interest accrued thereon and other amounts accrued hereunder and under the other Loan Documents, will thereupon be immediately due and payable, all without presentation, demand, protest or notice of any kind, all of which are hereby waived, and notwithstanding anything to the contrary contained herein or in any of the other Loan Documents. Upon the occurrence of any of the events identified in [Sections 5.1(a) through 5.1(f)] and paragraph 5.1(h), and the passage of any applicable cure periods, Bank may at any time thereafter declare the unpaid principal balance of any Obligations, together with the interest accrued thereon and other amounts accrued hereunder and under the other Loan Documents, to be immediately due and payable; and the unpaid balance will thereupon be due and payable, all without presentation, demand, protest or further notice of any kind, all of which are hereby waived, and notwithstanding anything to the contrary contained herein or in any of the other Loan Documents. Nothing contained in Section 5.1, [Section 5.2] or this section will limit Bank's right to Setoff as provided in [Section 4.3] or otherwise in the Agreement. Notwithstanding the foregoing, the Bank will use reasonable efforts to give Borrower notice prior to exercising any rights under this Section 5.3, provided, however, in no event shall the Bank’s failure to give prior written notice affect the Bank’s rights hereunder.

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