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 and be immediately due and payable.
Appears in 2 contracts
Samples: Loan and Security Agreement (Tatonka Energy Inc), Loan and Security Agreement (Truevision International Inc)
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 Debtors pursuant to this Agreement shall at once become and be immediately due and payable.
Appears in 2 contracts
Samples: And Consolidated Loan and Security Agreement (Primedex Health Systems Inc), And Consolidated Loan and Security Agreement (Primedex Health Systems Inc)
ACCELERATION CLAUSE. In case of any sale or assignment of the -------------------- Collateral, or of any part thereof, by any Debtor or 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 Scheduleof the Note, if not previously due, and the interest accrued thereon and all other sums required to be paid by Debtor Debtors pursuant to this Agreement Agreement, shall at once become and be immediately due and payable.
Appears in 1 contract
Samples: Security Agreement (Environmental Safeguards Inc/Tx)
