Default; Acceleration. All outstanding principal together with accrued interest shall become immediately due and payable in full, subject to the limitations on recourse provided above, upon default in the payment of principal or interest due under this Note if such default is not remedied within thirty (30) days after receipt by the Band of written notice thereof as provided in the Development Agreement.
Appears in 6 contracts
Sources: Transition Loan Note (Lakes Entertainment Inc), Transition Loan Note (Lakes Entertainment Inc), Lakes Facility Note (Lakes Entertainment Inc)
Default; Acceleration. All outstanding principal together with accrued interest shall become immediately due and payable in full, subject to the limitations on recourse provided above, upon default in the payment of principal or interest due under this Note Line of Credit if such default is not remedied within thirty (30) days after receipt by the Band of written notice thereof as provided in the Development Agreement.
Appears in 4 contracts
Sources: Non Gaming Land Acquisition Line of Credit Agreement (Lakes Entertainment Inc), Non Gaming Land Acquisition Line of Credit Agreement (Lakes Gaming Inc), Non Gaming Land Acquisition Line of Credit (Lakes Gaming Inc)