Common use of Acceleration Upon Default Clause in Contracts

Acceleration Upon Default. Upon the occurrence of any Event of Default, or at any time thereafter during the continuance of an Event of Default, the Beneficiary may, at its option, by notice to the Trustor, declare all Obligations to be due and payable forthwith without any further notice, presentment or demand of any kind, all of which are hereby expressly waived.

Acceleration Upon Default. Upon the occurrence of any Event ------------------------- of Default, or at any time thereafter during the continuance of an Event of Defaultthereafter, the Beneficiary may, at its option, by notice to the Trustor, declare all the entire unpaid principal of and the interest accrued on the Obligations to be due and payable forthwith without any further notice, presentment or demand of any kind, all of which are hereby expressly waived.

Acceleration Upon Default. Upon the occurrence of any such Event of Default, or at any time thereafter during the continuance of an Event of Defaultthereafter, the Beneficiary may, at its is option, by notice to declare the Trustor, declare all entire unpaid principal of and the interest accrued on the Obligations to be forthwith due and payable forthwith payable, without any further notice, presentment or demand of any kind, all both of which are hereby expressly waived.