Acceleration of Debt. If any payment obligation under this Note is not paid when due, the remaining unpaid principal balance and any accrued interest shall become due immediately at the option of the Lender.
Acceleration of Debt. If the Borrower fails to make any payment due under the terms of this Note or seeks relief under the U.S. Bankruptcy Code, or suffers an involuntary petition in bankruptcy or receivership that is not vacated within thirty (30) days, the entire balance of this Note and any interest accrued thereon shall be immediately due and payable to the holder of this Note.
Acceleration of Debt. It is expressly agreed that the full amount of -------------------- both principal and interest due pursuant to this Note shall become due and payable at the option of the Note Holder on the happening of any Event of Default under the terms of the Funding Agreement.
Acceleration of Debt. Upon the occurrence of any condition listed in Section 16 hereof, all obligations and sums owing by Debtors to Lender (whether or not evidenced by the Note) shall become immediately due and payable, any note or other agreement to the contrary notwithstanding, and Lender shall have all the rights and remedies given a secured party by the Uniform Commercial Code. To the fullest extent permissible, Debtors hereby waive and disclaim all rights given to a Debtor, including the right to enforce any and all duties imposed upon a secured party by the Uniform Commercial Code. If the sum realized from any disposition of the Collateral is not sufficient to pay all obligations secured by this Agreement, Debtors promise and agree to pay Lender the deficiency. Upon Debtors' default, Lender shall not be obligated to resort to any security held by it hereunder or otherwise, but may enforce all obligations owed by Debtors to it by any lawful means, in the same manner and to the same extent as if no such security were held by Lender. Debtors expressly agree that Lender may apply against any proceeds of any disposition of the Collateral upon Debtors' default all their attorneys' fees and legal expenses incurred by it in the securing of payment therefrom.
Acceleration of Debt. If there is an Event of Default or if an event occurs which pursuant to which entitles Agent to exercise its rights and remedies under the Guaranty, then, at the option of Agent, the entire indebtedness hereby secured shall become immediately due and payable without further notice.
Acceleration of Debt. If there is an Event of Default under the Note or the Loan Agreement or if an event occurs which pursuant to the Note or the Loan Agreement entitles Lender to accelerate the Loan, then, at the option of Lender, the entire indebtedness hereby secured shall become immediately due and payable without further notice.
Acceleration of Debt. If an Event of Default as described in subsection (b), (c) or (d) of Section 9 above shall occur, then without notice or any other action of Lender, and, if any other Event of Default shall occur, then at Lender's option, the entire unpaid balance of the Debt shall become immediately due and payable upon not less than 10 days' prior written notice from Lender to Borrower.
Acceleration of Debt. Borrower also shall be in default if Borrower, during the loan application process, gives materially false or inaccurate information or statements to UFMC including, but not limited to, representations concerning Borrower's occupancy of the property as a principal residence. (ii) Criminal prosecution. (iii) Civil action by UFMC and any subsequent investor. (iv) Civil action by other parties to the transaction, such as seller or real estate agent/broker. (v) Employment termination. (vi) Loss of professional license if any (vii) Adverse effect on credit history.
Acceleration of Debt. Upon the occurrence of a default hereunder or under the Note, at Mortgagee's discretion, the entire indebtedness and all Obligations secured hereby shall become immediately due and payable without further notice or demand.
Acceleration of Debt. Acquirer, in its reasonable discretion, shall have determined that this Agreement and the consummation of the transactions contemplated hereby shall not result in the acceleration of any of the Company's debt obligations
