Common use of Right to Accelerate Clause in Contracts

Right to Accelerate. Mortgagee may, without notice except as provided in Section 23 above, demand, presentment, notice of nonpayment or nonperformance, protest, notice of protest, notice of intent to accelerate, notice of acceleration, or any other notice or any other action, all of which are hereby waived by Mortgagor and all other parties obligated in any manner whatsoever on the Debt, declare the entire unpaid balance of the Debt immediately due and payable, and upon such declaration, the entire unpaid balance of the Debt shall be immediately due and payable.

Appears in 5 contracts

Samples: Mortgage (Ramco Gershenson Properties Trust), Kranzco Realty Trust, Ramco Gershenson Properties Trust

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Right to Accelerate. Mortgagee may, without notice except as provided in Section 23 24 above, demand, presentment, notice of nonpayment or nonperformance, protest, notice of protest, notice of intent to accelerate, notice of acceleration, or any other notice or any other action, all of which are hereby waived by Mortgagor and all other parties obligated in any manner whatsoever on the Debt, declare the entire unpaid balance of the Debt immediately due and payable, and upon such declaration, the entire unpaid balance of the Debt shall be immediately due and payable.

Appears in 2 contracts

Samples: Trust and Security Agreement (Concord Milestone Plus L P), Mortgage and Security Agreement (Janus American Group Inc)

Right to Accelerate. Mortgagee may, without notice except as provided in Section 23 24 above, demand, presentment, notice of nonpayment or nonperformance, protest, notice of protest, notice of intent to accelerate, notice of acceleration, or any other notice or any other action, all of which are hereby waived by Mortgagor Xxxxxxxxx and all other parties obligated in any manner whatsoever on the Debt, declare the entire unpaid balance of the Debt immediately due and payable, and upon such declaration, the entire unpaid balance of the Debt shall be immediately due and payable.

Appears in 2 contracts

Samples: Concord Milestone Plus L P, Concord Milestone Plus L P

Right to Accelerate. Mortgagee may, without notice (except as provided in Section 23 24 above), demand, presentment, notice of nonpayment or nonperformance, protest, notice of protest, notice of intent to accelerate, notice of acceleration, or any other notice or any other action, all of which are hereby waived by Mortgagor Xxxxxxxxx and all other parties obligated in any manner whatsoever on the Debt, declare the entire unpaid balance of the Debt immediately due and payable, ; and upon such declaration, the entire unpaid balance of the Debt shall be immediately due and payable.

Appears in 1 contract

Samples: Mortgage and Security Agreement (Emeritus Corp\wa\)

Right to Accelerate. Mortgagee may, without notice except as provided in Section 23 18 above, demand, presentment, notice of nonpayment or nonperformance, protest, notice of protest, notice of intent to accelerate, notice of acceleration, or any other notice or any other action, all of which are hereby waived by Mortgagor and all other parties obligated in any manner whatsoever on the Debt, declare the entire unpaid balance of the Debt immediately due and payable, and upon such declaration, the entire unpaid balance of the Debt shall be immediately due and payable.

Appears in 1 contract

Samples: Second Mortgage and Security Agreement (Janus American Group Inc)

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Right to Accelerate. Mortgagee may, without notice except as provided in Section 23 above, demand, presentment, notice of nonpayment or nonperformance, protest, notice of protest, notice of intent to accelerate, notice of acceleration, or any other notice or any other action, all of which are hereby waived by Mortgagor Xxxxxxxxx and all other parties obligated in any manner whatsoever on the Debt, declare the entire unpaid balance of the Debt immediately due and payable, and upon such declaration, the entire unpaid balance of the Debt shall be immediately due and payable.

Appears in 1 contract

Samples: First Potomac Realty Trust

Right to Accelerate. Mortgagee Grantee may, without notice except as provided in Section 23 above, demand, presentment, notice of nonpayment or nonperformance, protest, notice of protest, notice of intent to accelerate, notice of acceleration, or any other notice or any other action, all of which are hereby waived by Mortgagor Borrower and all other parties obligated in any manner whatsoever on the Debt, declare the entire unpaid balance of the Debt immediately due and payable, and upon such declaration, the entire unpaid balance of the Debt shall be immediately due and payable.

Appears in 1 contract

Samples: Security Agreement (KBS Strategic Opportunity REIT, Inc.)

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