Acceleration; Cease Making Advances Sample Clauses

Acceleration; Cease Making Advances. Upon the occurrence of any Event of Default, all Liabilities of Borrower owing to Lender shall, at Lender’s option and without presentment or demand for payment, notice of non-payment, protest or any other notice or demand of any kind, all of which are expressly waived by Borrower, and notwithstanding any terms of payment in any note or other instrument evidencing such Liabilities, become immediately due and payable, and any obligation of Lender to consider making subsequent advances under any of the Loans pursuant to Section 1 herein shall immediately terminate. In addition to the foregoing, upon the occurrence of any Event of Default, Lender shall have all rights and remedies afforded to it under any of the Loan Documents.