Note Acceleration. This Note, including all outstanding principal and interest hereon, shall become due and payable (a) immediately, upon the occurrence of an Event of Default of a type specified in Section 7.1(f) or (g) of the Mortgage, or (b) at the option of the Administrative Agent, upon the occurrence of and during the continuance of (i) any other Event of Default, or (ii) after the giving of any required notice and/or the passage of any applicable cure period.
Appears in 3 contracts
Sources: Project Loan Note (Clipper Realty Inc.), Building Loan Note (Clipper Realty Inc.), Acquisition Loan Note (Clipper Realty Inc.)