Common use of Acceleration Notice Clause in Contracts

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. 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 Leasehold Borrower and/or Fee Simple 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 Leasehold Borrower and/or Fee Simple Borrower shall be effective unless such notice to the County Board shall be given by VHDA in accordance herewith.

Acceleration Notice. If for any reason VHDA accelerates the VHDA Permanent 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.