Common use of Acceleration of Secured Indebtedness Clause in Contracts

Acceleration of Secured Indebtedness. Upon the occurrence of a default, Mortgagee at any time and from time to time may without notice to Mortgagor or any other person declare any or all of the secured indebtedness immediately due and payable and all such secured indebtedness shall thereupon be immediately due and payable, without presentment, demand, protest, notice of protest, declaration or notice of acceleration or intention to accelerate, putting the Mortgagor in default, dishonor, notice of dishonor or any other notice or declaration of any kind, all of which are hereby expressly waived by Mortgagor, and the liens evidenced hereby shall be subject to foreclosure in any manner provided for herein or provided for by law as Mortgagee may elect. The secured indebtedness may be (and in certain circumstances shall automatically be) accelerated as provided in the Credit Agreement.

Acceleration of Secured Indebtedness. Upon the occurrence of a default, Mortgagee Agent at any time and from time to time may without notice to Mortgagor or any other person declare any or all of the secured indebtedness immediately due and payable and all such secured indebtedness shall thereupon be immediately due and payable, without presentment, demand, protest, notice of protest, declaration or notice of acceleration or intention to accelerate, putting the Mortgagor in default, dishonor, notice of -15- 195 dishonor or any other notice or declaration of any kind, all of which are hereby expressly waived by Mortgagor, and the liens evidenced hereby shall be subject to foreclosure in any manner provided for herein or provided for by law as Mortgagee Agent may elect. The secured indebtedness may be (and in certain circumstances shall automatically be) accelerated as provided in the Credit Agreement.

Acceleration of Secured Indebtedness. Upon the occurrence of a default, Mortgagee at any time and from time to time may may, as provided in the Credit Agreement, without notice to Mortgagor or any other person declare any or all of the secured indebtedness immediately due and payable and all such secured indebtedness shall thereupon be immediately due and payable, without presentment, demand, protest, notice of protest, declaration or notice of acceleration or intention to accelerate, putting the Mortgagor in default, dishonor, notice of dishonor or any other notice or declaration of any kind, all of which are hereby expressly waived by Mortgagor, and the liens evidenced hereby shall be subject to foreclosure in any manner provided for herein or provided for by law as Mortgagee may elect. The secured indebtedness may be (and in certain circumstances shall automatically be) accelerated as provided in the Credit Agreement.

Acceleration of Secured Indebtedness. Upon the occurrence of a default, Mortgagee at any time and from time to time may without notice to Mortgagor or any other person declare any or all of the secured indebtedness immediately due and payable and all such secured indebtedness shall thereupon be immediately due and payable, without presentment, demand, protest, notice of protest, declaration or notice of acceleration or intention to accelerate, putting the Mortgagor in default, dishonor, notice of dishonor or any other notice or declaration of any kind, all of which are hereby expressly waived by Mortgagor, and the liens evidenced hereby shall be subject to foreclosure in any manner provided for herein or provided for by law as Mortgagee may elect. The secured indebtedness may be (and in certain circumstances shall automatically be) accelerated as provided in the Credit Agreement.