Common use of 2Acceleration Clause in Contracts

2Acceleration. If an Event of Default specified in Sections 8.1(f) or 8.1(g) occurs, the unpaid balance of the Loan and interest accrued thereon and all other liabilities of Borrower under this Agreement and the Loan are immediately due and payable, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived by Borrower. When any Event of Default described in the other sections of Section 8.1 has occurred and for so long as such Event of Default is continuing, Agent, at its option and without presentment, demand, protest or notice of any kind (all of which Borrower hereby expressly waives), may declare the Loan to be due and payable in full, and all Obligations thereupon become immediately due and payable.