Common use of Acceleration Notice Clause in Contracts

Acceleration Notice. Borrower agrees that it shall, within ten (10) days after receipt of written notice that any Indebtedness aggregating $5,000,000 or more of Borrower or any Subsidiary or Qualifying Investment Affiliate has been accelerated, provide written notice to the Administrative Agent of such acceleration.

Appears in 3 contracts

Samples: Assignment Agreement (Centerpoint Properties Trust), Assignment Agreement (Centerpoint Properties Corp), Assignment Agreement (Centerpoint Properties Trust)

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Acceleration Notice. Borrower agrees and the Company agree that it shall, within ten (10) days after receipt of written notice that any Indebtedness aggregating $5,000,000 or more of Borrower or any Subsidiary or Qualifying Investment Affiliate and the Company hereof has been accelerated, provide written notice to the Administrative Agent of such acceleration.

Appears in 2 contracts

Samples: Line of Credit Agreement (Agree Realty Corp), Credit Agreement (Agree Realty Corp)

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