Common use of Acceleration and Other Remedies Clause in Contracts

Acceleration and Other Remedies. If (a) Borrower fails to pay any sum within five (5) days of when due under this Note; or (b) an "Event of Default", as said team is defined in the Loan Agreement or any other Loan Document, occurs; then, and in any such event Lender may, at its option, declare the e the unpaid balance of this Note together with interest accrued thereon, to be immediately due and payable and Lender may proceed to exercise any rights or remedies that it may have under this Note, the Loan Agreement, the other Loan Documents or such other rights and remedies which Lender may have at law, equity or otherwise.

Appears in 1 contract

Samples: Term Note (Chase Corp)

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Acceleration and Other Remedies. If: (a) Borrower fails to pay any sum due on this Note within five ten (510) days of when the due under this Notedate; or (b) an "An “Event of Default", ,” as said team such term is defined in the Loan Agreement or any other Loan Document, occurs; then, and in any such event event, Lender may, at its option, declare the e the entire unpaid balance of this Note together with interest accrued thereon, to be immediately due and payable and Lender may proceed to exercise any rights or remedies that it may have under this Note, Note or the Loan Agreement, the other Loan Documents Agreement or such other rights and remedies which Lender may have at law, equity or otherwise.

Appears in 1 contract

Samples: Revolving Line of Credit Note (National Investment Managers Inc.)

Acceleration and Other Remedies. If: (a) Borrower fails to pay any sum amount due on this Note within five ten (510) days of when the due under this Notedate; or (b) an "Event of Default", ,” as said team term is defined in the Loan Agreement or any other Loan Document, occurs; then, and in any such event event, Lender may, at its option, declare the e the entire unpaid balance of this Note together with interest accrued thereon, to be immediately due and payable and Lender may proceed to exercise any rights or remedies that it may have under this Note, the Loan Agreement, the other Loan Documents or such other rights and remedies which Lender may have at law, equity or otherwise.

Appears in 1 contract

Samples: Term Promissory Note (National Investment Managers Inc.)

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Acceleration and Other Remedies. If: (a) Borrower fails to pay any sum within five fifteen (515) days of when due under this Note; or (b) an "Event of Default", as said team term is defined in the Loan Agreement or any other Loan Document, occurs; then, and in any such event event, Lender may, at its option, declare the e the entire unpaid balance of this Note together with interest accrued thereon, to be immediately due and payable and Lender may proceed to exercise any rights or remedies that it may have under this Note, the Loan Agreement, the other Loan Documents or such other rights and remedies which Lender may have at law, equity or otherwise.

Appears in 1 contract

Samples: Revolving Line of Credit, Acquisition Line of Credit, Term Loan and Mortgage Loan Agreement (Ufp Technologies Inc)

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