Common use of Acceleration Clause in Contracts

Acceleration. If an Event of Default has occurred and is continuing, the entire unpaid principal balance, any accrued interest, any prepayment premium payable under Section 10, and all other amounts payable under this Note and any other Loan Document, shall at once become due and payable, at the option of Lender, without any prior notice to Borrower (except if notice is required by applicable law, then after such notice). Lender may exercise this option to accelerate regardless of any prior forbearance. For purposes of exercising such option, Lender shall calculate the prepayment premium as if prepayment occurred on the date of acceleration. If prepayment occurs thereafter, Xxxxxx shall recalculate the prepayment premium as of the actual prepayment date.

Appears in 52 contracts

Samples: Multifamily Note (Emeritus Corp\wa\), Multifamily Note (Emeritus Corp\wa\), Multifamily Note (KBS Legacy Partners Apartment REIT, Inc.)

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Acceleration. If an Event of Default has occurred and is continuing, the entire unpaid principal balance, any accrued interest, any prepayment premium payable under Section 10, and all other amounts payable under this Note and any other Loan Document, shall at once become due and payable, at the option of Lender, without any prior notice to Borrower (except if notice is required by applicable law, then after such notice). Lender may exercise this option to accelerate regardless of any prior forbearance. For purposes of exercising such option, Lender shall calculate the prepayment premium as if prepayment occurred on the date of acceleration. If prepayment occurs thereafter, Xxxxxx Lender shall recalculate the prepayment premium as of the actual prepayment date.

Appears in 24 contracts

Samples: Multifamily Note (Angeles Income Properties LTD 6), Multifamily Note (Shelter Properties Ii LTD Partnership), Multifamily Note (Consolidated Capital Properties Iii)

Acceleration. If an Event of Default has occurred and is continuing, the entire unpaid principal balance, any accrued interest, any prepayment premium payable under Section 1010 and Section 11, and all other amounts payable under this Note and any other Loan Document, shall will at once become due and payable, at the option of Lender, without any prior notice Notice to Borrower (except if notice is required by applicable law, then after such notice). Lender may exercise this option to accelerate regardless of any prior forbearance. For purposes of exercising such option, Lender shall will calculate the prepayment premium as if prepayment occurred on the date of acceleration. If prepayment occurs thereafter, Xxxxxx shall will recalculate the prepayment premium as of the actual prepayment date.

Appears in 19 contracts

Samples: Regulatory Agreement (Strategic Student & Senior Housing Trust, Inc.), Resource Apartment REIT III, Inc., Resource Apartment REIT III, Inc.

Acceleration. If an Event of Default has occurred and is continuing, the entire unpaid principal balance, any accrued interest, any prepayment premium payable under Section 10, and all other amounts payable under this Note and any other Loan Document, shall will at once become due and payable, at the option of Lender, without any prior notice Notice to Borrower (except if notice is required by applicable law, then after such notice). Lender may exercise this option to accelerate regardless of any prior forbearance. For purposes of exercising such option, Lender shall will calculate the prepayment premium as if prepayment occurred on the date of acceleration. If prepayment occurs thereafter, Xxxxxx shall will recalculate the prepayment premium as of the actual prepayment date.

Appears in 15 contracts

Samples: Master Loan Agreement (New Senior Investment Group Inc.), Multifamily Note, Steadfast Apartment REIT, Inc.

Acceleration. If an Event of Default has occurred and is continuing, the entire unpaid principal balance, any accrued interest, any prepayment premium payable under Section 1010 and Section 11, and all other amounts payable under this Note and any other Loan Document, shall at once become due and payable, at the option of Lender, without any prior notice Notice to Borrower (except if notice is required by applicable law, then after such notice). Lender may exercise this option to accelerate regardless of any prior forbearance. For purposes of exercising such option, Lender shall calculate the prepayment premium as if prepayment occurred on the date of acceleration. If prepayment occurs thereafter, Xxxxxx shall recalculate the prepayment premium as of the actual prepayment date.

Appears in 14 contracts

Samples: Steadfast Income REIT, Inc., Century Properties Fund Xix, Angeles Partners Xii

Acceleration. If an Event of Default has occurred and is continuing, the entire unpaid principal balance, any accrued interest, any prepayment premium payable under Section 10, and all other amounts payable under this Note and any other Loan Document, shall at once become due and payable, at the option of Lender, without any prior notice to Borrower (except if notice is required by applicable law, then after such notice). Lender may exercise this option to accelerate regardless of any prior forbearance. For purposes of exercising such option, Lender shall calculate the prepayment premium as if prepayment occurred on the date of acceleration. If prepayment occurs thereafter, Xxxxxx lender shall recalculate the prepayment premium as of the actual prepayment date.

Appears in 11 contracts

Samples: Multifamily Note, Multifamily Note, ww3.freddiemac.com

Acceleration. If an Event of Default has occurred and is continuing, the entire unpaid principal balance, any accrued interest, any prepayment premium payable under Section 10, and all other amounts payable under this Note and any other Loan Document, shall will at once become due and payable, at the option of Lender, without any prior notice to Borrower (except if notice is required by applicable law, then after such notice). Lender may exercise this option to accelerate regardless of any prior forbearance. For purposes of exercising such option, Lender shall will calculate the prepayment premium as if prepayment occurred on the date of acceleration. If prepayment occurs thereafter, Xxxxxx shall will recalculate the prepayment premium as of the actual prepayment date.

Appears in 6 contracts

Samples: Emeritus Corp\wa\, Emeritus Corp\wa\, NorthStar Healthcare Income, Inc.

Acceleration. If an Event of Default has occurred and is continuing, the entire unpaid principal balance, any accrued interest, any prepayment premium payable under Section 10, and all other amounts payable under this Note and any other Loan Document, shall at once become due and payable, at the option of Lender, without any prior notice to Borrower (except if notice is required by applicable law, then after such notice). Lender may exercise this option to accelerate regardless of any prior forbearance. For purposes of exercising such option, Lender shall calculate the prepayment premium as if prepayment occurred on the date of acceleration. If prepayment occurs thereafter, Xxxxxx Lxxxxx shall recalculate the prepayment premium as of the actual prepayment date.

Appears in 4 contracts

Samples: Preferred Apartment Communities Inc, Preferred Apartment Communities Inc, Post Properties Inc

Acceleration. If an Event of Default has occurred and is continuing, the entire unpaid principal balance, any accrued interest, any prepayment premium payable under Section 10, and all other amounts payable under this Note and any other Loan Document, shall will at once become due and payable, at the option of Lender, without any prior notice Notice to Borrower (except if notice is required by applicable law, then after such notice). Lender may exercise this option to accelerate regardless of any prior forbearance. For purposes of exercising such option, Lender shall will calculate the prepayment premium as if prepayment occurred on the date of acceleration. If prepayment occurs thereafter, Xxxxxx shall will recalculate the prepayment premium as of the actual prepayment date.. Multifamily Note Page 7 Floating Rate

Appears in 3 contracts

Samples: Steadfast Income REIT, Inc., Steadfast Income REIT, Inc., Steadfast Income REIT, Inc.

Acceleration. If an Event of Default has occurred and is continuing, the entire unpaid principal balance, any accrued interest, any prepayment premium payable under Section 10, and all other amounts payable under this Note and any other Loan Document, shall will at once become due and payable, at the option of Lender, without any prior notice Notice to Borrower (except if notice is required by applicable law, then after such notice). Lender may exercise this option to accelerate regardless of any prior forbearance. For purposes of exercising such option, Lender shall will calculate the prepayment premium as if prepayment occurred on the date of acceleration. If prepayment occurs thereafter, Xxxxxx shall Lxxxxx will recalculate the prepayment premium as of the actual prepayment date.

Appears in 2 contracts

Samples: Bluerock Residential Growth REIT, Inc., Bluerock Residential Growth REIT, Inc.

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Acceleration. If an Event of Default has occurred and is continuing, the entire unpaid principal balance, any accrued interest, any prepayment premium payable under Section 1010 and Section 11, and all other amounts payable under this Note and any other Loan Document, shall will at once become due and payable, at the option of Lender, without any prior notice Notice to Borrower (except if notice is required by applicable law, then after such notice). Lender may exercise this option to accelerate regardless of any prior forbearance. For purposes of exercising such option, Lender shall will calculate the prepayment premium as if prepayment occurred on the date of acceleration. If prepayment occurs thereafter, Xxxxxx shall will recalculate the prepayment premium as of the actual prepayment date. 7.

Appears in 1 contract

Samples: Steadfast Income REIT, Inc.

Acceleration. If an Event of Default has occurred and is continuing, the entire unpaid principal balance, any accrued interest, any prepayment premium payable under Section 1010 and Section 11, and all other amounts payable under this Note and any other Loan Document, shall will at once become due and payable, at the option of Lender, without any prior notice Notice to Borrower (except if notice is required by applicable law, then after such notice). Lender may exercise this option to accelerate regardless of any prior forbearance. For purposes of exercising such option, Lender shall will calculate the prepayment premium as if prepayment occurred on the date of acceleration. If prepayment occurs thereafter, Xxxxxx shall Lender will recalculate the prepayment premium as of the actual prepayment date.

Appears in 1 contract

Samples: Multifamily Note (Bluerock Residential Growth REIT, Inc.)

Acceleration. If an Event of Default has occurred and is continuing, the entire unpaid principal balance, any accrued interest, any prepayment premium payable under Section 10, and all other amounts payable under this Note and any other Loan Document:, shall at once become due and payable, at the option of Lender, without any prior notice to Borrower (except if notice is required by applicable law, then after such notice). Lender may exercise this option to accelerate regardless of any prior forbearance. For purposes of exercising such option, Lender shall calculate the prepayment premium as if prepayment occurred on the date of acceleration. If prepayment occurs thereafter, Xxxxxx shall recalculate the prepayment premium as of the actual prepayment date.

Appears in 1 contract

Samples: Multifamily Note (Archstone Smith Operating Trust)

Acceleration. If an Event of Default has occurred and is continuing, the entire unpaid principal balance, any accrued interest, any prepayment premium payable under Section 1010 and Section 11, and all other amounts payable under this Note and any other Loan Document, shall will at once become due and payable, at the option of Lender, without any prior notice Notice to Borrower (except if notice is required by applicable law, then after such notice). Lender may exercise this option to accelerate regardless of any prior forbearance. For purposes of exercising such option, Lender shall will calculate the prepayment premium as if prepayment occurred on the date of acceleration. If prepayment occurs thereafter, Xxxxxx shall will recalculate the prepayment premium as of the actual prepayment date.. Multifamily Note Page 5

Appears in 1 contract

Samples: Steadfast Income REIT, Inc.

Acceleration. If an Event of Default has occurred and is continuing, the entire unpaid principal balance, any accrued interest, any prepayment premium payable under Section 10, and all other amounts payable under this Note and any other Loan Document, shall will at once become due and payable, at the option of Lender, without any prior notice Notice to Borrower (except if notice is required by applicable law, then after such notice). Lender may exercise this option to accelerate regardless of any prior forbearance. For purposes of exercising such option, Lender shall will calculate the prepayment premium as if prepayment occurred on the date of acceleration. If prepayment occurs thereafter, Xxxxxx shall will recalculate the prepayment premium as of the actual prepayment date.. Multifamily Note Page 6 Floating Rate

Appears in 1 contract

Samples: Steadfast Income REIT, Inc.

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