Common use of DEFAULT AND ACCELERATION Clause in Contracts

DEFAULT AND ACCELERATION. So long as an Event of Default exists, Lender may, at its option, without notice or demand to Borrower, declare the Debt immediately due and payable. All remedies hereunder, under the Loan Documents and at law or in equity shall be cumulative. In the event that it should become necessary to employ counsel to collect the Debt or to protect or foreclose the security for the Debt or to defend against any claims asserted by Borrower arising from or related to the Loan Documents, Xxxxxxxx also agrees to pay to Lender on demand all costs of collection or defense incurred by Xxxxxx, including reasonable attorneys’ fees for the services of counsel whether or not suit be brought.

DEFAULT AND ACCELERATION. So long as an Event of Default exists, Lender may, at its option, without notice or demand to Borrower, declare the Debt immediately due and payable. All remedies hereunder, under the Loan Documents and at law or in equity shall be cumulative. In the event that it should become necessary to employ counsel to collect the Debt or to protect or foreclose the security for the Debt or to defend against any claims asserted by Borrower arising from or related to the Loan Documents, Xxxxxxxx also agrees to pay to Lender on demand all costs of collection or defense incurred by Xxxxxx, including reasonable attorneys’ ' fees for the services of counsel whether or not suit be brought.

DEFAULT AND ACCELERATION. So long as an Event of Default exists, Lender may, at its option, without notice or demand to Borrower, declare the Debt immediately due and payable. All remedies hereunder, under the Loan Documents and at law or in equity shall be cumulative. In the event that it should become necessary to employ counsel to collect the Debt or to protect or foreclose the security for the Debt or to defend against any claims asserted by Borrower arising from or related to the Loan Documents, Xxxxxxxx also agrees to pay to Lender on demand all reasonable costs of collection or defense incurred by Xxxxxx, including reasonable attorneys’ fees for the services of counsel whether or not suit be brought.

DEFAULT AND ACCELERATION. So long as an Event of Default exists, Lender may, at its option, without notice or demand to Borrower, declare the Debt immediately due and payable. All remedies hereunder, under the Loan Documents and at law or in equity shall be cumulative. In the event that it should become necessary to employ counsel to collect the Debt or to protect or foreclose the security for the Debt or to defend against any claims asserted by Borrower arising from or related to the Loan Documents, Xxxxxxxx also Borrxxxx xxxo agrees to pay to Lender on demand all costs of collection or defense incurred by XxxxxxLendxx, including xxcluding reasonable attorneys’ ' fees for the services of counsel whether or not suit be brought.

DEFAULT AND ACCELERATION. So long as an Event of Default exists, Lender may, at its option, without notice or demand to Borrower, declare the Debt immediately due and payable. All remedies hereunder, under the Loan Documents and at law or in equity shall be cumulative. In the event that it should become necessary to employ counsel to collect the Debt or to protect or foreclose the security for the Debt or to defend against any claims asserted by Borrower arising from or related to the Loan Documents, Xxxxxxxx Bxxxxxxx also agrees to pay to Lender on demand all costs of collection or defense incurred by XxxxxxLxxxxx, including reasonable attorneys’ fees for the services of counsel whether or not suit be brought.

DEFAULT AND ACCELERATION. So long as an Event of Default exists, exists Lender may, at its option, without notice or demand to Borrower, declare the Debt immediately due and payable. All remedies hereunder, under the Loan Documents and at law or in equity shall be cumulative. In the event that it should become necessary to employ counsel to collect the Debt or to protect or foreclose the security for the Debt or to defend against any claims asserted by Borrower arising from or related to the Loan Documents, Xxxxxxxx also agrees to pay to Lender on demand all reasonable costs of collection or defense incurred by Xxxxxx, including reasonable attorneys’ fees for the services of counsel whether or not suit be brought.

DEFAULT AND ACCELERATION. So long as an Event of Default existsexist, Lender may, at its option, without notice or demand to Borrower, declare the Debt immediately due and payable. All remedies hereunder, under the Loan Documents and at law or in equity shall be cumulative. In the event that it should become necessary to employ counsel to collect the Debt or to protect or foreclose the security for the Debt or to defend against any claims asserted by Borrower arising from or related to the Loan Documents, Xxxxxxxx also agrees to pay to Lender on demand all costs of collection or defense incurred by Xxxxxx, including reasonable attorneys’ ' fees for the services of counsel whether or not suit be brought.