Common use of Events of Acceleration Clause in Contracts

Events of Acceleration. If any of the following events occurs, the Credit Facilities shall terminate and all borrowings and other obligations under them shall be due immediately, without notice, at the Bank's option, whether or not the Bank has made demand.

Appears in 3 contracts

Samples: Credit Authorization Agreement (National Techteam Inc /De/), Credit Authorization Agreement (Michigan Community Bancorp LTD), Alternate Marketing Networks Inc

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Events of Acceleration. If any of the following events occurs, the Credit Facilities shall terminate and all borrowings and other obligations under them shall be due immediately, without notice, at the Bank's option, whether or not the Bank has made demand.

Appears in 3 contracts

Samples: Credit Authorization Agreement (Complete Business Solutions Inc), Graphic Omitted (Neogen Corp), Credit Authorization Agreement (Interface Systems Inc)

Events of Acceleration. If any of the following events occursoccur, the Credit Facilities shall terminate and all borrowings and other obligations under them shall be become due immediately, without notice, at the Bank's option, whether or not the Bank has made demand.

Appears in 3 contracts

Samples: Credit Authorization Agreement (National Techteam Inc /De/), Credit Authorization Agreement (Bixby Carl L), Credit Authorization Agreement (Northern Radio Network Corp)

Events of Acceleration. If any of the following events occursoccur, the Credit Facilities shall terminate and all borrowings and other obligations under them shall be become due immediately, without notice, notice at the Bank's option, whether or not the Bank has made demand.:

Appears in 2 contracts

Samples: Credit Authorization Agreement (Interface Systems Inc), Credit Authorization Agreement (Interface Systems Inc)

Events of Acceleration. If any of the following events occursoccur, the Credit Facilities shall terminate and all borrowings and other obligations under them shall be become due immediately, without notice, . at the Bank's option, . whether or not the Bank has made demand.

Appears in 1 contract

Samples: Perceptron Inc/Mi

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Events of Acceleration. If any of the following events occurs, the Credit Facilities Authorization shall terminate and all borrowings and other obligations under them of the Obligations shall be due immediately, without notice, at the Bank's option, whether or not the Bank has made demand.

Appears in 1 contract

Samples: Credit Authorization Agreement (Complete Business Solutions Inc)

Events of Acceleration. If any of the following events occursoccur, the Credit Facilities shall terminate and all borrowings and other obligations under them shall be due immediately, without notice, at the Bank's option, whether or not the Bank has made demand.

Appears in 1 contract

Samples: Credit Authorization Agreement (Perceptron Inc/Mi)

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