ACCELERATION CLAUSE. In case of any sale of the Collateral, or any part thereof, pursuant to any judgment or decree of any court or otherwise in connection with the enforcement of any of the terms of this Agreement, the outstanding principal due, the interest accrued thereon and all other sums required to be paid by Debtors pursuant to this Agreement shall at once become and be immediately due and payable.
ACCELERATION CLAUSE. If a member commits to a one year agreement and that member cancels payment prior to the end of that one year commitment, that ex-member is responsible for the unpaid balance due for the remainder of that one year commitment.
ACCELERATION CLAUSE. If any payment is missed, at the option of the Landlord, without notice, the entire balance shall be come due and payable immediately, and Landlord may pursue all available legal remedies in connection with this unpaid rent.
ACCELERATION CLAUSE. Upon the occurrence of any Default (as defined pursuant to Section 9 hereof), all of the Indebtedness of Debtor, whether due or not, shall become immediately due and payable in accordance with the terms of the Notes and the other Loan Documents.
ACCELERATION CLAUSE. Art. 19 If the Borrower is late on payment of more than one installments in accordance with the Repayment schedule – Annex 2, any and all amount due under this contract automatically becomes chargeable and the Borrower has the right to request its payment from the Borrower and the Guarantor, including to initiate enforcement base on the promissory notes issued by the Borrower and the Guarantor under Art. 23.
ACCELERATION CLAUSE. Notwithstanding anything herein to the contrary, Maker shall be deemed in default hereunder and under the Security Agreement, and, at the option of the then holder hereof, exercisable by written notice given to Maker by certified or registered mail, postage and fees prepaid, addressed to Maker at Maker’s address set forth below or at such other address as Maker may hereafter furnish in writing to such holder, the entire unpaid principal amount of this Note, all interest accrued and unpaid hereunder and all other sums payable hereunder or under the Security Agreement shall, to the extent not otherwise coming due before such date, become immediately due and payable, upon the first to occur of any of the following: Failure to Pay
ACCELERATION CLAUSE. This Note is issued in consideration of a loan made by Lenders to Borrower in connection with a certain Installment Contract for Sale of Commercial Real Estate dated November 20, 2015. It is hereby expressly understood and agreed that if default be made in the payments due under said Installment Contract, or if default be made in the payment of any of the said installments of principal or of interest pursuant to this Note, the principal sum above mentioned, or any balance that may appear to be unpaid thereon, together with all unpaid interest thereon, shall at the option of the legal holder of this note, become immediately due and payable, without notice, and shall be collectible immediately or at any time after such default, anything hereinbefore contained to the contrary notwithstanding.
ACCELERATION CLAUSE. In case of any sale of the Collateral, or any part ------------------- thereof, pursuant to any judgment or decree of any court or otherwise in connection with the enforcement of any of the terms of this Agreement, the outstanding principal due under any schedule, if not previously due, the interest accrued thereon and all other sums required to be paid by Debtor pursuant to this Agreement shall at once become nd be immediately due and payable.
ACCELERATION CLAUSE. In the event Lessee should breach any of the terms of this Agreement, Lessor, in addition to the other rights contained herein shall have the right to accelerate all remaining rents which shall come due hereunder until the expiration date hereon. This includes, but is not limited to, Abandonment, Eviction, lease violations, etc. Lessor may take all legal steps necessary to collect these unpaid funds. Furthermore, there will be 1.5% interest charged monthly on any balances owed on lease.
ACCELERATION CLAUSE. In the occurrence that the DEBTOR fails to render payment upon reaching fifteen (15) days after the scheduled payment plan, the full amount of the deficiency shall become due and demandable. Any further failure shall give rise to the right to the CREDITOR to demand for damages.
