Common use of Acceleration of Note Clause in Contracts

Acceleration of Note. The Lender may declare this Note immediately due and payable upon the occurrence of any of the following events: the insolvency of the Borrower, he commission of any act of bankruptcy by the Borrower, the execution by the Borrower of a general assignment for the benefit of creditors, the filing by or against the Borrower of any petition in bankruptcy or any petition for relief under bankruptcy laws for the relief of debtors and the continuation of such petition without dismissal of a period of thirty (30) days or more, or the appointment of a receiver or trustee to take possession of any property or assets of the Borrower.

Appears in 5 contracts

Samples: Subscription Agreement (CNote Group, Inc.), Cnote Note (CNote Group, Inc.), Cnote Note (CNote Group, Inc.)

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Acceleration of Note. The Lender may declare this Note immediately due and payable upon the occurrence of any of the following events: the insolvency of the Borrower, he ; the commission of any act of bankruptcy by the Borrower, ; the execution by the Borrower of a general assignment for the benefit of creditors, ; the filing by or against the Borrower of any petition in bankruptcy or any petition for relief under bankruptcy laws for the relief of debtors and the continuation of such petition without dismissal of a period of thirty (30) days or more, ; or the appointment of a receiver or trustee to take possession of any property or assets of the Borrower.

Appears in 2 contracts

Samples: Creci Note (Creci Inc.), Creci Note (Creci Inc.)

Acceleration of Note. The Lender may declare this Note immediately due and payable upon the occurrence of any of the following events: the insolvency of the Borrower, he commission of any act of bankruptcy by the Borrower, the execution by the Borrower of a general assignment for the benefit of creditors, the filing by or against the Borrower of any petition in bankruptcy or any petition for relief under bankruptcy laws for the relief of debtors and the continuation of such petition without dismissal of a period of thirty (30) days or more, or the appointment of a receiver or trustee to take possession of any property or assets of the Borrower.. CNote Note CNote Group, Inc.

Appears in 2 contracts

Samples: Cnote Note (CNote Group, Inc.), Cnote Note (CNote Group, Inc.)

Acceleration of Note. The Lender may declare this Note immediately due and payable upon the occurrence of any of the following events: the insolvency of the Borrower, he commission of any act of bankruptcy by the Borrower, the execution by the Borrower of a general assignment for the benefit of creditors, the filing by or against the Borrower of any petition in bankruptcy or any petition for relief under bankruptcy laws for the relief of debtors and the continuation of such petition without dismissal of a period of thirty (30) days or more, or the appointment of a receiver or trustee to take possession of any property or assets of the Borrower.. Promissory Note CNote Group, Inc.

Appears in 1 contract

Samples: CNote Group, Inc.

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Acceleration of Note. The Lender may declare this Note the entire Amount Owed immediately due and payable upon the occurrence of any of the following events: the insolvency of the Borrower, he the commission of any act of bankruptcy by the Borrower, the execution by the Borrower of a general assignment for the benefit of creditors, the filing by or against the Borrower of any petition in bankruptcy bankruptcy, or any petition for relief under bankruptcy laws for the relief of debtors and the continuation of such petition without dismissal of a period of thirty (30) days or more, or the appointment of a receiver or trustee to take possession of any property or assets of the Borrower.

Appears in 1 contract

Samples: CNote Group, Inc.

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