ACCELERATION OF THE INDEBTEDNESS. Upon and after an Event of Default, the outstanding principal balance together with all accrued but unpaid interest on the Indebtedness and all other sums due and payable by Borrower to Lender may, at the option of Lender and without demand, presentment, notice of dishonor, notice of intent to demand or accelerate payment, diligence in collecting, grace, notice and protest or a legal process of any kind, all of which are hereby expressly waived, be declared, and immediately shall become due and payable.
ACCELERATION OF THE INDEBTEDNESS. During the continuance of any such Event of Default, Mortgagee, by written notice given to Mortgagor, may declare the entire principal of the Note then outstanding (if not then due and payable), and all accrued and unpaid interest thereon, together with all other Indebtedness, to be due and payable immediately, notwithstanding anything to the contrary herein or in the Note or the other Loan Documents;
ACCELERATION OF THE INDEBTEDNESS. Upon the occurrence of an Event of Default described in Sections 7.1(g) and (i) above, all of the Indebtedness shall thereupon be immediately due and payable, without demand, presentment, notice of demand or dishonor and nonpayment, protest, notice of protest, notice of intention to accelerate, declaration or notice of acceleration, or any other notice or declaration of any kind, all of which are hereby expressly waived by each Borrower and each Guarantor. Upon any such acceleration, any obligation of the Lenders to make any additional advances on the Loans shall be permanently terminated and there shall automatically be added to the Indebtedness owing by Borrowers to the Lenders, as liquidated damages for the early termination of the credit facilities contemplated hereby, and not as a penalty, the Liquidated Damages. During the continuance of any other Event of Default, the outstanding principal balance together with all accrued but unpaid interest on the Indebtedness and all other sums due and payable by Borrowers to any Lender Party may, at the option of Administrative Agent and without demand, presentment, notice of demand or dishonor and nonpayment, protest, notice of protest, notice of intention to accelerate, declaration or notice of acceleration, or any other notice or declaration of any kind, all of which are hereby expressly waived by each Borrower and each Guarantor, be declared due and payable, and, if so declared, shall immediately become due and payable. During the continuance of any Event of Default, in accordance with Section 2.13 hereof, interest shall accrue on the Indebtedness at the Default Rate, without notice or demand to any Borrower or any Guarantor.
ACCELERATION OF THE INDEBTEDNESS. Without in any way limiting the right of the Lender to demand payment of any portion of the Indebtedness (a) upon and after an Event of Default (other than an Event of Default specified in Subsections 6.1(e) or (f)), all of the Indebtedness may, at the option of the Lender, and without notice or legal process of any kind, be declared, and immediately shall become, due and payable, and (b) Borrower upon and after the occurrence of an Event of Default specified in Subsections 6.1(e) or (f), all of the Indebtedness shall automatically become due and payable, without demand, notice or legal process of any kind, anything in any Note or other instrument or document evidencing any such Indebtedness or in the Loan Documents or in any other agreement to the contrary notwithstanding. If any Default or Event of Default occurs, Lender shall have no obligation to make any additional advances of Loans or issue or accept additional Letters of Credit or enter into any further Spot or Forward transactions.
ACCELERATION OF THE INDEBTEDNESS. Upon the occurrence of an Event of Default as described in Section 7.1 hereof or as described in the RTO Note, all of the Indebtedness shall thereupon be immediately due and payable, without demand, presentment, notice of demand or dishonor and nonpayment, protest, notice of protest, notice of intention to accelerate, declaration or notice of acceleration, or any other notice or declaration of any kind, all of which are hereby expressly waived by each Borrower and each Guarantor. Upon any such acceleration, any obligation of the Lender to make any additional advances on the Loans shall be permanently terminated and, if the acceleration occurs before the second anniversary of the Effective Date, there shall automatically be added to the Indebtedness owing by Borrowers to the Lender, as liquidated damages for the early termination of the credit facilities contemplated hereby, and not as a penalty, the termination fee specified in Section 2.7(c) .
ACCELERATION OF THE INDEBTEDNESS. Upon or at any time after the occurrence of an Event of Default, the principal amount of the Indebtedness then outstanding together with all interest accrued thereon shall, at the option of the Lender and without notice or demand by the Lender, become at once due and payable and the Borrower shall forthwith pay to the Lender, in addition to any and all sums and charges due, the entire principal of and accrued and unpaid interest on the Indebtedness plus reasonable attorneys' fees and expenses, if the same is collected by or through an attorney at law. From and after the occurrence and during the continuance of an Event of Default, the Indebtedness shall bear interest at the Default Rate.
ACCELERATION OF THE INDEBTEDNESS. Upon the occurrence of an Event of Default described in Sections 7.1(j) and (l) above, all of the Indebtedness shall thereupon be immediately due and payable, without demand, presentment, notice of demand or dishonor and nonpayment, protest, notice of protest, notice of intention to accelerate, declaration or notice of acceleration, or any other notice or declaration of any kind, all of which are hereby expressly waived by each Related Party. Upon any such acceleration, any obligation of Lender to make any additional advances on the Loans shall be permanently terminated. During the continuance of any other Event of Default, the outstanding principal balance together with all accrued but unpaid interest on the Indebtedness and all other sums due and payable by Borrower to Lender may, at the option of Lender and without demand, presentment, notice of demand or dishonor and nonpayment, protest, notice of protest, notice of intention to accelerate, declaration or notice of acceleration, or any other notice or declaration of any kind, all of which are hereby expressly waived by each Related Party, be declared, and immediately shall become due and payable.
ACCELERATION OF THE INDEBTEDNESS. Upon and after an Event of Default, Lender may (a) terminate the Commitment, (b) declare the outstanding principal balance together with all accrued but unpaid interest on the Indebtedness and all other sums due and payable by Borrower to Lender to be immediately due and payable, (c) charge the Default Rate of Interest, and (d) cease financing under this Agreement; provided, however, that upon the occurrence of an Event of Default listed in Sections 7.1(f) and 7.1(h) hereof the Commitment hereunder shall automatically terminate and all Indebtedness shall become due and payable, without any action, declaration, notice or demand by Xxxxxx.
ACCELERATION OF THE INDEBTEDNESS. Upon and after an Event of Default, Agent may (a) declare the outstanding principal balance together with all accrued but unpaid interest on the Indebtedness and all other sums due and payable by Borrower to Agent to be immediately due and payable, (b) charge the Default Rate, and (c) cease financing under this Agreement; provided, however, that upon the occurrence of an Event of Default listed in Section 7.1(v) or (xii) hereof financing hereunder shall automatically terminate and all Indebtedness shall become due and payable, without any action, declaration, notice or demand by Agent.
ACCELERATION OF THE INDEBTEDNESS. Notwithstanding anything in the Financing Documents to the contrary, the entire amount of the Indebtedness, including, without limitation, the Term Loan, is hereby accelerated and, subject to the terms of this Agreement, is immediately due and payable in full.
