Accelerate Obligations Sample Clauses
The 'Accelerate Obligations' clause allows a party to require that certain contractual duties or payments become immediately due before their originally scheduled dates. Typically, this clause is triggered by specific events such as a breach of contract, insolvency, or other defined defaults, enabling the non-breaching party to demand prompt fulfillment of outstanding obligations. Its core function is to protect the interests of the non-defaulting party by providing a mechanism to mitigate risk and recover amounts owed more quickly in the event of a problem.
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Accelerate Obligations. The Secured Party may declare the entire Obligations, including any prepayment penalty which Grantor would be required to pay, immediately due and payable, without notice.
Accelerate Obligations. Lender may declare all Obligations, whether evidenced by this Agreement, by any of the other Loan Documents, or otherwise, immediately due and payable, without presentment, demand, protest, or notice of any kind, all of which are hereby expressly waived by Borrower.
Accelerate Obligations. Lender may declare the entire Obligations immediately due and payable, without notice.
Accelerate Obligations. May, at its option, by notice to Borrower, declare the Obligations immediately due and payable provided that in the case of a voluntary petition in bankruptcy filed by Borrower or (after the expiration of the grace period if any set forth in Section 11.1.3 above) an involuntary petition in bankruptcy filed against Borrower, such acceleration shall be automatic whereupon each Note, and all accrued fees and interest and all other Obligations, shall become and be forthwith due and payable, without presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived by the Borrower;
Accelerate Obligations. Bank shall have the right, at its option, to declare all amounts payable under the Obligations to be immediately due and payable, whereupon the same shall become immediately due and payable, regardless of the maturity date thereof; and, if there is more than one Obligation secured by this Security Agreement, Bank may, at its option, accelerate and declare immediately due and payable all of the Obligations – as provided aforesaid, or Bank may from time to time and at any number of times accelerate and declare immediately due and payable any one or more of the Obligations as Bank in its discretion elects to accelerate. Also, Bank shall have the right, at its option, to declare due and payable any of and all of the other indebtedness and obligations owing under this Security Agreement that are not already due hereunder.
Accelerate Obligations. Lender shall have the right, at its option, to declare any or all of the Obligations, as well as any or all of the other indebtedness and obligations secured hereby that are not already due hereunder, to be immediately due and payable without demand or any notice (unless notice is required under any of the Obligations or by law, then such notice as may be required under the Obligations or by law), whereupon the same shall become immediately due and payable, regardless of the maturity date thereof.
Accelerate Obligations. Lender shall have the right at its option without notice to Mortgagor to declare the entire Obligations immediately due and payable.
Accelerate Obligations. The Lender may declare all or any portion of the Obligations to be immediately due and payable, without notice to Assignor and without demand, protest or notice of protest or dishonor.
Accelerate Obligations. Shall, by written notice to Borrower, declare the Obligations immediately due and payable provided that in the case of a voluntary petition in bankruptcy filed by Borrower, by Guarantor or by any other Loan Party or (after the expiration of the grace period if any set forth in Section 11.1.3 above) an involuntary petition in bankruptcy filed against Borrower, Guarantor or any other Loan Party such acceleration shall be automatic whereupon each Note, and all accrued fees and interest and all other Obligations, shall become and be forthwith due and payable, without presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived by Borrower;
Accelerate Obligations. The Lender may declare the Obligations ---------------------- immediately due and payable, without notice or demand of any kind or nature.