Acceleration of the Note. Declare the Note to be immediately due and payable whereupon the Note shall become forthwith due and payable without presentment, demand, protest or further notice of any kind, and the Lender shall be entitled to proceed simultaneously or selectively and successively to enforce its rights under the Note, this Agreement and any of the Loan Documents executed pursuant to the terms hereof, or any note or all of them. Nothing contained herein shall limit Lender’s rights and remedies available under applicable laws.
Acceleration of the Note. The Note will further provide for acceleration, such that the full principal amount shall be due and payable (A) on March 31, 2006, in the event that on the last date of the fiscal year ending December 31, 2005, or (B) on September 30, 2006, in the event on the last date of the fiscal quarter ending June 30, 2006, the excess of (x) the sum of the Vyyo Group’s (inclusive of all subsidiaries) (i) cash, (ii) cash equivalents, and (iii) short term investments, over (y) the sum of its (a) long term liabilities (exclusive of the Note) and (b) the amount of the short term liabilities, (such excess, the “Net Cash”) is less than $20 million, as determined by US GAAP, consistently applied and as reported by Vyyo in its financial statements for the applicable quarter then ended, as filed with the Securities and Exchange Commission. By way of example in determining Net Cash: Vyyo Group’s Net Cash for the fiscal year ending December 31, 2003, as per its financial statements, was US$ 52,352,000 (consisting of $12,930,000 of cash and cash equivalents and $44,861,000 of short-term investments and $1,416,000 of net accounts receivable less $6,855,000 of short term liabilities).
Acceleration of the Note. 2.3.2 All of the rights, remedies and privileges with respect to the repossession, retention and sale of the Collateral and disposition of the proceeds as are accorded by the applicable provisions of the Uniform Commercial Code respecting "Default" in the State of New York, including without limitation the rights to enter the premises where the Collateral is located, to assemble the Collateral and to enforce, sue xxxn, settle, discount and compromise payment of any account receivable, subordinate however to superior rights to the Collateral held by the Obligor's bank;
Acceleration of the Note. The Lender may declare the Note to be immediately due and payable, at which time the same will be due and payable and the Lender will be entitled to proceed selectively and successively to enforce the Lender's rights under the Note, the Loan Documents, or any of the other documents securing the payment of the Note, without limitation.
Acceleration of the Note. Upon an Event of Default, Bene- ficiary may, at its option and by written notice to the Grantor, declare the entire balance of the Note and all other amounts due under the Loan Documents, immediately due and payable. Acceleration of maturity, once claimed by the Beneficiary, may at the option of the Beneficiary, be rescinded by written acknowledgment to that effect by the Beneficiary, but the tender and acceptance of partial payments alone shall not in any way affect or rescind such acceleration of maturity.
Acceleration of the Note. Upon an Event of Default, Beneficiary may, at its option and without further notice or demand, declare the entire balance of the Note and all other amounts due under the Loan Documents, immediately due and payable. Acceleration of maturity, once claimed by the Beneficiary, may at the option of the Beneficiary, be rescinded by written acknowledgment to that effect by the Beneficiary, but the tender and acceptance of partial payments alone shall not in any way affect or rescind such acceleration of maturity.
Acceleration of the Note. Upon an Event of Default, Mortgagee ------------------------ may, at its option and by written notice to the Mortgagor, declare the entire balance of the Note and all other amounts due under the Loan Doc- uments, immediately due and payable. Acceleration of maturity, once claimed by the Mortgagee, may at the option of the Mortgagee, be rescinded by written acknowledgment to that effect by the Mortgagee, but the tender and acceptance of partial payments alone shall riot in any way affect or rescind such acceleration of maturity.
Acceleration of the Note. The Bank may declare the Note to be immediately due and payable, at which time the same will be due and payable and the Bank will be entitled to proceed selectively and successively to enforce the Bank's rights under the Note, the Loan Documents, or any of the other documents securing the payment of the Note, without limitation.
Acceleration of the Note. If payment of the Note is accelerated because of an Event of Default, the Company shall promptly notify the holders of the Senior Debt of the acceleration.
