Common use of Acceleration of Note Clause in Contracts

Acceleration of Note. In the event Contractor breaches any of the terms and conditions of this Agreement after thirty (30) days written notice, the Contractor will be in default of the terms and conditions of this Agreement as well as the Notes, and the County may demand immediate and full payment of the principal amount of this Note and any accrued interest, and/ or may initiate foreclosure proceedings under the Deed of Trust. Default may result from:

Appears in 2 contracts

Samples: Agreement, Agreement

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Acceleration of Note. In the event Contractor breaches any of the terms and conditions of this Agreement after thirty (30) days written noticenotice and failure to cure the breach, the Contractor will be in default of the terms and conditions of this Agreement as well as the NotesNote, and the County may demand immediate and full payment of the principal amount of this Note and any accrued interest, and/ or may initiate foreclosure proceedings under the Deed of Trust. Default may result from:

Appears in 1 contract

Samples: Agreement

Acceleration of Note. In the event Contractor breaches any of the terms and conditions of this Agreement after Agreement, and thirty (30) days after receiving written noticenotice of such breach Contractor has failed to cure the breach to County’s satisfaction, the Contractor will be in default of the terms and conditions of this Agreement as well as the NotesNote, and the County may demand immediate and full payment of the principal amount of this Note and any accrued interest, and/ or may initiate foreclosure proceedings under the Deed of Trust. Default may result from:

Appears in 1 contract

Samples: Agreement

Acceleration of Note. In the event Contractor breaches any of the terms and conditions of this Agreement after thirty (30) days written noticenotice and another thirty (30) days’ opportunity to cure, the Contractor will be in default of the terms and conditions of this Agreement as well as the NotesNote, and the County may demand immediate and full payment of the principal amount of this the Note and any accrued interest, and/ or and/or may initiate foreclosure proceedings under the Deed of Trust. Default may result from:

Appears in 1 contract

Samples: Agreement

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Acceleration of Note. In the event Contractor breaches any of the terms and conditions of this Agreement after thirty (30) days written noticenotice and failure to correct the breach, the Contractor will be in default of the terms and conditions of this Agreement as well as the NotesNote, and the County may demand immediate and full payment of the principal amount of this Note and any accrued interest, and/ or may initiate foreclosure proceedings under the Deed of Trust. Default may result from:

Appears in 1 contract

Samples: Agreement

Acceleration of Note. In the event Contractor breaches any of the terms and conditions of this Agreement after Agreement, and thirty (30) days after receiving written noticenotice of such breach Contractor has failed to cure the breach to County’s satisfaction, the Contractor will be in default of the terms and conditions of this Agreement as well as the NotesNote, and the County may demand immediate and full payment of the principal amount of this Note and any accrued interest, and/ or may initiate foreclosure proceedings under the Deed of Trust. Default may result from:

Appears in 1 contract

Samples: Agreement

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