Common use of Acceleration of Maturity Clause in Contracts

Acceleration of Maturity. If a Default shall have occurred, then the entire Indebtedness shall, at the option of Lender, immediately become due and payable without notice or demand, time being of the essence of this Deed; and no omission on the part of Lender to exercise such option when entitled to do so shall be construed as a waiver of such right.

Appears in 3 contracts

Samples: Debt and Security Agreement (Adcare Health Systems Inc), Debt and Security Agreement (Adcare Health Systems Inc), Debt and Security Agreement (Adcare Health Systems Inc)

AutoNDA by SimpleDocs

Acceleration of Maturity. If a Default shall have occurredUpon or after an Event of Default, then the entire Indebtedness shallLender may, at its option, declare all or any portion of the option of Lender, Indebtedness to be (and the same shall thereupon become) immediately become due and payable without notice or demand, time being of the essence of this Deed; and no omission or delay on the part of Lender to exercise such option when entitled so to do so shall be construed considered as a waiver of such right.

Appears in 2 contracts

Samples: Home Federal Holdings CORP, Igi Inc

Acceleration of Maturity. If a an Event of Default shall have occurred, then the entire Indebtedness balance of the indebtedness (including but not limited to the Loan and the Other Indebtedness) secured hereby with interest accrued thereon shall, at the option of the Lender, immediately become due and payable without notice or demand, time being of the essence of this Deed; and no essence. Any omission on the part of the Lender to exercise such option when entitled to do so shall not be construed considered as a waiver of such right.

Appears in 2 contracts

Samples: And Security Agreement (Roberts Realty Investors Inc), Roberts Realty Investors Inc

Acceleration of Maturity. If a an Event of Default shall have occurred, then the entire Indebtedness shall, at the option of Lender, immediately become due and payable without notice or demand, time being of the essence of this Deed; Security Instrument, and no omission on the part of Lender to exercise such option when entitled to do so shall be construed as a waiver of such right.

Appears in 2 contracts

Samples: Mortgage and Security Agreement (CNL Healthcare Trust, Inc.), Secure Debt and Security Agreement (CNL Healthcare Trust, Inc.)

Acceleration of Maturity. If a an Event of Default shall have occurred, then the entire Indebtedness balance of the indebtedness (including but not limited to the Loan and the Other Indebtedness) secured hereby (or such parts as Lender may elect) with interest accrued thereon (or such parts as Lender may elect) shall, at the option of the Lender, immediately become due and payable without notice or demand, time being of the essence of this Deed; and no essence. Any omission on the part of the Lender to exercise such option when entitled to do so shall not be construed considered as a waiver of such right.

Appears in 2 contracts

Samples: Loan Agreement (Westwater Resources, Inc.), And Leases and Security Agreement (Westwater Resources, Inc.)

Acceleration of Maturity. If a an Event of Default shall have occurred, then all of the entire Indebtedness Obligations secured hereby shall, at the option of Lender's option, immediately become due and payable without notice or demand, time being of the essence of this Deedhereof; and no omission on the part of Lender to exercise such option when entitled to do so shall be construed as a waiver of such right.

Appears in 1 contract

Samples: Fixture Filing and Security Agreement (Crown Crafts Inc)

Acceleration of Maturity. If a an Event of Default shall have occurred, then the entire Indebtedness shall, at the option of Lender, become immediately become due and payable without notice or demand, which are hereby expressly waived, time being of the essence of this DeedMortgage; and no omission on the part of Lender to exercise such option when entitled to do so shall be construed as a waiver of such right.

Appears in 1 contract

Samples: Assignment of Rents and Security Agreement (Griffin Industrial Realty, Inc.)

AutoNDA by SimpleDocs

Acceleration of Maturity. If a Default shall have occurred, then the entire Indebtedness shall, at the option of LenderGrantee, immediately become due and payable without notice or demand, time being of the essence of this DeedDeed to Secure Debt; and no omission on the part of Lender Grantee to exercise such option when entitled to do so shall be construed as a waiver of such right.

Appears in 1 contract

Samples: 1 (Roberts Realty Investors Inc)

Acceleration of Maturity. If a an Event of Default shall have occurred, then the entire Indebtedness balance of the indebtedness (including but not limited to the Loan and the Other Indebtedness) secured hereby with interest accrued thereon (or such parts as Lender may elect) shall, at the option of the Lender, immediately become due and payable without notice or demand, time being of the essence of this Deedessence; and no any omission on the part of the Lender to exercise such option when entitled to do so shall not be construed considered as a waiver of such right.

Appears in 1 contract

Samples: Mortgage and Security Agreement (Ark Restaurants Corp)

Acceleration of Maturity. If a an Event of Default shall have occurred, occurred then the entire Indebtedness shall, at the option of Lender, immediately become due and payable without notice or demandnotice, except as specifically provided herein, in the Note, and in the Loan Documents, time being of the essence of this Deed; and no omission on the part of Lender to exercise such option when entitled to do so shall be construed as a waiver of such right.

Appears in 1 contract

Samples: Debt and Security Agreement (Roberts Realty Investors Inc)

Acceleration of Maturity. If a an Event of Default shall have occurred, then the entire Indebtedness shall, at the option of Lender, become immediately become due and payable without notice or demand, which are hereby expressly waived, time being of the essence of this DeedDeed of Trust; and no omission on the part of Lender to exercise such option when entitled to do so shall be construed as a waiver of such right.

Appears in 1 contract

Samples: And Security Agreement (Griffin Industrial Realty, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.