Common use of ACCELERATION UPON DEFAULT; REMEDIES Clause in Contracts

ACCELERATION UPON DEFAULT; REMEDIES. During the continuance of any Default specified in this Article, Lender may, at its sole option, declare all sums owing to Lender under the Note, this Agreement and the other Loan Documents immediately due and payable. Upon such acceleration, all obligations of Lender to fund further disbursements under the Loan shall terminate.

ACCELERATION UPON DEFAULT; REMEDIES. During Upon the continuance occurrence of any Default specified in this Article, Lender may, at its sole option, declare all sums owing to Lender under the Note, this Agreement and the other Loan Documents immediately due and payable. Upon such acceleration, all obligations of Lender to fund further disbursements under the Loan shall terminate.

ACCELERATION UPON DEFAULT; REMEDIES. During Upon the continuance occurrence of any Default specified in this Article, Lender may, at its sole option, declare all sums owing to Lender under the Note, Note and this Agreement and the other Loan Documents immediately due and payable. Upon such acceleration, all obligations of Lender to fund further disbursements under the Loan shall terminate.

ACCELERATION UPON DEFAULT; REMEDIES. During Upon the continuance occurrence of any Default specified in this ArticleArticle 11, Lender may, at its sole option, declare all sums owing to Lender under the Note, this Agreement and the other Loan Documents immediately due and payable. Upon such acceleration, Lender may, in addition to all obligations of Lender other remedies permitted under this Agreement and the other Loan Documents and at law or equity, apply any sums in any Account to fund further disbursements the amounts owing under the Loan shall terminateDocuments.