Accelerate Debt. M▇▇ declare the indebtedness evidenced by the Note and secured by the Mortgage and the other Security Documents immediately due and payable; provided that in the case of a voluntary petition in bankruptcy filed by Borrower or an involuntary petition in bankruptcy filed against Borrower (after expiration of the grace period, if any, set forth in Section 11.1.3), such acceleration shall be automatic; and
Appears in 1 contract
Sources: Commercial Real Estate Mortgage Loan Agreement (Procaccianti Hotel Reit, Inc.)
Accelerate Debt. M▇▇ May declare the indebtedness evidenced by the Note and secured by the Mortgage and the other Security Documents immediately due and payable; payable (provided that in the case of a voluntary petition in bankruptcy filed by Borrower or an involuntary petition in bankruptcy filed against Borrower (after expiration of the grace period, if any, set forth in Section 11.1.311.1.6), such acceleration shall be automatic); and
Appears in 1 contract
Sources: Construction Loan Agreement (American Retirement Corp)
Accelerate Debt. M▇▇ Lender may declare the indebtedness evidenced by the Note and secured by the Mortgage and the other Security Documents immediately due and payable; payable (provided that in the case of a voluntary petition in bankruptcy filed by Borrower or (after the expiration of the grace period if any set forth in Section 11.1.3 above) an involuntary petition in bankruptcy filed against Borrower (after expiration of the grace period, if any, set forth in Section 11.1.3)Borrower, such acceleration shall be automatic); and
Appears in 1 contract
Sources: Term Loan Agreement (Sonesta International Hotels Corp)
Accelerate Debt. M▇▇ Lender may by written notice to Borrower declare the indebtedness evidenced by the Note and secured by the Mortgage and the other Security Documents immediately due and payable; payable (provided that in the case of a voluntary petition in bankruptcy filed by Borrower or Guarantor or an involuntary petition in bankruptcy filed against Borrower or Guarantor (after expiration of the grace period, if any, set forth in Section 11.1.3), such acceleration shall be automatic); and
Appears in 1 contract
Sources: Loan Agreement (Clarion Partners Property Trust Inc.)
Accelerate Debt. M▇▇ Lender may accelerate and declare the Obligations and indebtedness evidenced by the Note and secured by the Mortgage and the other Security Documents immediately due and payable; payable (provided that that, in the case of a voluntary petition in bankruptcy filed by Borrower or an involuntary petition in bankruptcy filed against Borrower (after the expiration of the grace period, if any, set forth in Section 11.1.3)11.1.3 above) an involuntary petition in bankruptcy filed against Borrower, such acceleration shall be automatic); and
Appears in 1 contract
Sources: Loan Agreement (Unitil Corp)
Accelerate Debt. M▇▇ Lender may declare the Obligations and indebtedness evidenced by the Note and secured by the Mortgage and the other Security Documents immediately due and payable; payable (provided that that, in the case of a voluntary petition in bankruptcy filed by Borrower B▇▇▇▇▇▇▇ or an involuntary petition in bankruptcy filed against Borrower (after the expiration of the grace period, if any, set forth in Section 11.1.3)10.2 above) an involuntary petition in bankruptcy filed against Borrower, such acceleration shall be automatic); and
Appears in 1 contract
Sources: Loan Agreement (Worksport LTD)