Acceleration Notice. Borrower agrees that it shall, within ten (10) days after receipt of written notice that any Indebtedness aggregating $5,000,000 or more of the Borrower, the Guarantor, any Qualified Borrower or any Subsidiary or Investment Affiliate has been accelerated, provide written notice to the Agent of such acceleration.
Acceleration Notice. Borrower agrees that it shall, within ten (10) days after receipt of written notice that any Indebtedness of Borrower or any Loan Party has been accelerated, provide written notice to Agent of such acceleration.
Acceleration Notice. If for any reason VHDA accelerates the VHDA Senior Loan, then no later than three (3) business days after delivery of such acceleration notice to Borrower, VHDA will also deliver a copy of such acceleration notice to the County Board by registered or certified mail, postage prepaid, return receipt requested. No notice of acceleration from VHDA to Borrower shall be effective unless such notice to the County Board shall be given by VHDA in accordance herewith.
Acceleration Notice. Borrower agrees that it shall, within ten (10) days after receipt of written notice that any Indebtedness aggregating $5,000,000 or more of Borrower or any Subsidiary or Qualifying Investment Affiliate has been accelerated, provide written notice to the Administrative Agent of such acceleration.
Acceleration Notice. Time is of the essence with respect to the Grantor’s obligations hereunder. Upon the occurrence of any Event of Default, at the Beneficiary’s option and in addition to any other remedy the Beneficiary may have under the Loan Agreement, the Note, and the other Loan Documents, the Beneficiary may, at its option, declare all sums secured by this Deed of Trust immediately due and payable (except in the case of an Event of Default under Subparagraph 22(a) above where no such exercise of an option shall be necessary to the extent the effect of an “Event of Default” thereunder is automatic under the terms of the Loan Agreement itself) and elect to have the Trust Property sold in the manner provided herein. In the event the Beneficiary elects to sell the Trust Property, the Beneficiary may execute or cause the Trustee to execute a written notice of default and of election to cause the Trust Property to be sold to satisfy the obligations hereof, and the Trustee shall file such notice for record in the office of the County Recorder of the county wherein the Trust Property is located. Beneficiary shall also deposit with the Trustee the Note and all documents evidencing expenditures secured by this Deed of Trust.
Acceleration Notice. Immediately upon receipt of an Acceleration Notice, the Assignor shall give notice to EDC, the Lessor and the Borrower that it has received an Acceleration Notice.
Acceleration Notice. In the event that:
Acceleration Notice. Borrower, Guarantor and the REIT agree that they shall, within ten (10) days after receipt of written notice that any Indebtedness of Borrower, Guarantor or the REIT hereof has been accelerated, provide written notice to Lender of such acceleration.
Acceleration Notice. Time is of the essence with respect to the Grantor’s obligations hereunder. Upon the occurrence of any Event of Default, at the Beneficiary’s option and in addition to any other remedy the Beneficiary may have under the Loan Agreement, the Guaranty, and the other Loan Documents, the Beneficiary may, at its option, declare all sums secured by this Deed of Trust immediately due and payable (except in the case of an Event of Default under clause 22(a) above where no such exercise of an option shall be necessary to the extent the effect of an “Event of Default” thereunder is automatic under the terms of the Loan Agreement itself) and elect to have the Trust Property sold in the manner provided herein.
Acceleration Notice. Upon any acceleration of the Lease Obligations, a written notice of acceleration (the "Acceleration Notice") shall be given by the Landlord to UCS within fifteen (15) Business Days (a Business Day for the purposes of this Agreement being a day that satisfies the definition of Business Day in the applicable Lease) of such acceleration. Under certain circumstances specified in such Lease, the Landlord may be entitled to send out Default Notices and Acceleration Notices simultaneously, and UCS hereby acknowledges this right.
