Accelerated Payment. In case an Event of Default shall have occurred and be continuing, then, upon written demand of Lender, Borrower will pay to Lender the whole amount which then shall have become due and payable upon the Note, for principal or interest or both, as the case may be, and will also pay to Lender interest at the Involuntary Rate on the then unpaid principal of the Note, and the sums required to be paid by Borrower pursuant to any provision of this Mortgage, and, in addition thereto, such further amount as shall be sufficient to cover the costs and reasonable expenses of collection, including reasonable compensation to Lender, its agents and counsel and any reasonable expenses incurred by Lender hereunder. In the event Borrower shall fail forthwith to pay such amounts upon such demand, Lender shall be entitled and empowered to institute such action or proceedings at law or in equity as may be advised by its counsel for the collection of the sums so due and unpaid, and may prosecute any such action or proceedings to judgment or final decree, and may enforce any such judgment or final decree against Borrower and collect, out of the property of Borrower wherever situated, as well as out of the Mortgaged Property, in any manner provided by law, moneys adjudged or decreed to be payable.
Accelerated Payment. All moneys owing by the Customer to QC shall be immediately due and payable by the Customer to QC without demand if:
Accelerated Payment. Each Customer shall pay all accounts payable to Supplier for Component Parts existing on the Effective Date and those arising on or after the Effective Date of this Agreement and through the end of the Term on accelerated payment terms of 28 days sooner than the payment terms in place prior to the Effective Date, subject to Permitted Setoffs.
Accelerated Payment. If, prior to a Change of Control, the Independent Contractor (a) becomes unable to provide services to the Corporation, either due to prolonged sickness, permanent disability or death, or (b) the Corporation terminates the Independent Contractor without Cause (as defined below), or the Independent Contractor terminates his services with the Corporation for Good Reason (as defined below), then the Independent Contractor shall be entitled to receive the Change of Control Payment.
Accelerated Payment. The Company shall be entitled to repay the Principal Sum at any time after 21 January, 1998, in whole or in part, together with interest accrued thereon to the date of repayment, without penalty.
Accelerated Payment. Provided, however, in the event that EFT obtains a source of funding that in the sole discretion of EFT's board of directors provides more than sufficient cash flow to EFT and its subsidiaries to satisfy the above payments, as well as operating cash needed by EFT and its subsidiaries, then the above payments shall be accelerated so as to consume such excess operating capital.
Accelerated Payment. Notwithstanding the above, the entire Deferral Account Balance will be paid out in a single lump sum in the event of (i) a Change in Control (as defined below), (ii) a Disability, or (iii) the Executive’s death. Upon the occurrence of such event, the Deferral Account Balance shall be subject to:
Accelerated Payment. In the event of Executive's death during the Transition Period, the Executive's spouse shall be entitled to receive the Severance Payment of Three Hundred and Thirty Six Thousand dollars ($336,000), less all applicable withholding taxes and in accordance with Company's standard payroll practices, provided that the Supplemental Agreement is signed, within ninety (90) days of Executive's death, by the Executive's spouse and by the executor or administrator of the Executive's estate, or, if none, by the beneficiary(ies) under the Executive's will or under the laws of descent or distribution.
Accelerated Payment. The parties agree that the Buyer may, in its sole election, at any time in the period after it exercises its right to exercise the Second Option and prior to the date that the Final Purchase Payment is due, make payment of the balance of the amount of the purchase price payable under paragraphs2(b), (c) and (d) which has not yet been paid to the Seller. In that event, the Buyer shall own the property and information on the date of making that payment and title and risk in the Mining Claims and information shall pass to the Buyer on that date and the provisions of paragraph 2(d)i shall apply.
Accelerated Payment. 2.8.1 Borrower may repay Loan in advance. Accelerated Payment is subject to an Accelerated Payment Fee and, if applicable, Early Recovery Costs.
