Examples of Secured Indebtedness in a sentence
The liquidation, termination, dissolution, merger, consolidation or failure to maintain good standing in the Commonwealth of Virginia and/or the state of incorporation or organization, if different (or in the case of an individual, the death or legal incapacity) of the Grantor, any owner of the Property or any person obligated to pay any part of the Secured Indebtedness.
Holder may at any time and from time to time declare any or all of the Secured Indebtedness immediately due and payable.
Any of the Secured Indebtedness is not paid when due, after any applicable cure period, regardless of how such amount may have become due.
Without limitation of the foregoing, upon the occurrence of a default described in clauses (A), (C) or (D) of subparagraph (i) of paragraph (e) of Section 4.1, hereof, all of the Secured Indebtedness shall thereupon be immediately due and payable, without presentment, demand, protest, notice of protest, declaration or notice of acceleration or intention to accelerate, or any other notice, declaration or act of any kind, all of which are hereby expressly waived by Grantor.
Grantor will make due and punctual payment of the Secured Indebtedness.