Common use of Acceleration after Default Clause in Contracts

Acceleration after Default. If any Event of Default occurs and is continuing (whether it is voluntary or involuntary, or results from operation of law or otherwise), the Required Lenders may, by notice to the Borrower, require the Borrower and Co-Borrowers to repay the Loans or such part of the Loans as is specified in that notice. On receipt of any such notice, the Borrower and Co-Borrowers shall immediately repay the Loans (or that part of the Loans specified in that notice) and pay all interest accrued on it and any other amounts then payable under this Agreement and the other IFC Financing Documents. The Borrower and Co-Borrowers waive any right they might have to further notice, presentment, demand or protest with respect to that demand for immediate payment.

Acceleration after Default. If any Event of Default occurs and is continuing (whether it is voluntary or involuntary, or results from operation of law or otherwise), the Required Lenders IFC may, by notice to the Borrower, require the Borrower and Co-Borrowers to repay the Loans Loan or such part of the Loans Loan as is specified in that notice. On receipt of any such notice, the Borrower and Co-Borrowers shall immediately repay the Loans Loan (or that part of the Loans Loan specified in that notice) and pay all interest accrued on it and any other amounts then payable under this Agreement and the other IFC Financing Documents. The Borrower and Co-Borrowers waive waives any right they it might have to further notice, presentment, demand or protest with respect to that demand for immediate payment.

Acceleration after Default. If any Event of Default occurs and is continuing (whether it is voluntary or involuntary, or results from operation of law or otherwise), the Required Lenders IFC may, by notice to the Borrower, require the Borrower and Co-Borrowers to repay the Loans or such part of the Loans of each Tranche as is specified in that notice. On receipt of any such notice, the Borrower and Co-Borrowers shall immediately repay the Loans (or that part of the Loans specified in that notice) and pay all interest accrued on it them, and any other amounts then payable under this Agreement and the other IFC Financing DocumentsAgreement. The Borrower and Co-Borrowers waive waives any right they it might have to further notice, presentment, demand or protest with respect to that demand for immediate payment.. 

Acceleration after Default. If any Event of Default occurs and is continuing (whether it is voluntary or involuntary, or results from operation of law or otherwise), the Required Lenders IFC may, by notice to the Borrower, require the Borrower and Co-Borrowers to repay the Loans or such part of the Loans as is specified in that notice. On receipt of any such notice, the Borrower and Co-Borrowers shall immediately repay the Loans (or that part of the Loans specified in that notice) and pay all interest accrued on it and any other amounts then payable under this Agreement and the other IFC Financing Documents. The Borrower and Co-Borrowers waive any right they might have to further notice, presentment, demand or protest with respect to that demand for immediate payment.