Common use of Accelerated Payments Clause in Contracts

Accelerated Payments. Upon the occurrence of an Event of Default and the acceleration of the Loans and Notes, pursuant to and as permitted by Section 10.2, the Loans and all other Obligations shall be immediately due and payable as provided in Section 10.2 and in the Notes.

Appears in 1 contract

Sources: Credit Agreement (MGC DIAGNOSTICS Corp)

Accelerated Payments. Upon the occurrence of an Event of Default and the acceleration of the Loans and NotesLoan, pursuant to and as permitted by Section 10.26.02, the Loans Loan and all other Obligations obligations of the Borrower evidenced by the Loan Documents, shall be immediately due and payable as provided in Section 10.2 and in the Notes6.02.

Appears in 1 contract

Sources: Construction and Term Loan Agreement (Investors Real Estate Trust)